Page 1755 - Business Finance
Shriram Transport Finance Company Ltd down for fifth straight session
The stock is quoting at Rs 1171.1, down 1.22% on the day as on 13:19 IST on the NSE. Shriram Transport Finance Company Ltd tumbled 5.11% in last one year as compared to a 2.2% rally in NIFTY and a 5.54% spurt in the Nifty Financial Services index.
ICICI Bank Ltd drops for fifth straight session
The stock is quoting at Rs 353.85, down 0.81% on the day as on 13:19 IST on the NSE. ICICI Bank Ltd jumped 10.77% in last one year as compared to a 2.2% rally in NIFTY and a 1.68% spurt in the Nifty Bank index.
Oil dips as U.S. crude stockpiles swell; possible OPEC cuts prevent bigger slide
SINGAPORE (Reuters) - Oil prices slipped on Thursday after U.S. crude inventories swelled to their highest level since December 2017 amid concerns of an emerging global glut, although the potential for a supply cut by OPEC prevented further drops.
Telecom network maker Nokia reorganises itself ahead of 5G race
(Reuters) - Nokia will merge its mobile networks and fixed networks business groups into a new unit called Access Networks as it takes aim at 5G opportunities, the Finnish firm announced on Thursday.
India second-fastest growing innovator among major Asian countries: Report
With patent publication nearly doubling in a decade, India is now the second-fastest growing innovator after China among major Asian countries, a new report said on Thursday.
Tactical Infrastructure: Securing the future through trade (Column: Behind Infra Lines)
Investments by countries to secure strategic financial and regional advantages have been strategies for a long time. In the face of rapidly changing geopolitical dynamics, a renewed push by India to secure crucial consumption supplies through partnering with trading nations is an area that requires attention.
Global Markets: Asian shares fragile as growth worries sap confidence
SYDNEY (Reuters) - Asian shares seesawed in cautious trading on Thursday with China extending losses as investors worries about slowing global growth in the face of rising U.S. interest rates and trade tensions.
Metal and mining stocks decline
Stocks hovered in a small range with positive bias in early afternoon trade. At 12:19 IST, the barometer index, the S&P BSE Sensex, was up 77.45 points or 0.22% at 35,277.25. The Nifty 50 index was up 15.65 points or 0.15% at 10,615.70. Metal and mining stocks declined. Capital goods stocks saw mixed trend.
Preparing integrated logistics plan to cut transactions cost for industry: Prabhu
The government is preparing an integrated logistics plan to fast-track movement of goods and cut transactions cost of businesses, Commerce and Industry Minister Suresh Prabhu said Thursday. He said that the plan would integrate all sectors -- rail, road, ship and air. "We are preparing an integrated logistics plan and also a portal to make logistics efficient and cost-effective in the country," he said here at the CILT Expo 2018. Promoting trade and manufacturing are linked with logistics, and improvement in its efficiency would help boost economic development, he added. The minister said there were disruptions happening in the global supply chain due to the rising trade tensions between countries such as the US and China, creating huge opportunities for Indian logistics players. Formulation of an integrated plan is important as the cost of logistics for India is about 14 per cent of its gross domestic product (GDP). On the other hand, it is only 7-8 per cent in developed ...
Hold the phone: Cheaper mobile charges to complicate BOJ's inflation push
TOKYO (Reuters) - Japan's central bank is facing fresh challenges as it struggles to hit its ambitious inflation target, with planned cuts in mobile phone charges and education fees expected to weigh on consumer prices in coming years.
Jeera futues down Rs 65 on profit-booking
Amid profit-booking by speculators and muted spot demand, jeera prices were down by Rs 65 to Rs 19,595 per quintal in futures trade Thursday. In futures trading at the National Commodity and Derivatives Exchange, jeera delivery in far-month January, fell Rs 65, or 0.73 per cent, to Rs 19,595 per quintal with an open interest of 936 lots. The spice to be delivered in December also fell by Rs 35, or 0.18 per cent, to trade at Rs 19,425 per quintal in 4,821 lots. Analysts said apart form profit-booking by speculators at current levels, fall in demand at the spot market, kept pressure on jeera prices at futures trade here.
Silver futures surge 0.15% on global cues
Silver futures traded higher by 0.15 per cent at Rs 36,965 per kg Thursday after speculators raised bets, driven by a firm trend overseas. Silver for delivery in December traded higher by Rs 56, or 0.15 per cent, at Rs 36,965 per kg in a business turnover of 1,234 lots at the Multi Commodity Exchange. In a similar manner, the white metal to be delivered this month, too, rose Rs 42, or 0.11 per cent, to Rs 36,965 per kg in 1,568 lots. Analysts said widening of positions by traders in sync with a firm trend on global markets for precious metals, influenced silver prices at futures trade here. In the international market, silver traded higher at USD 14.59 an ounce in Singapore Thursday.
Agri-Tech (India) Ltd leads gainers in 'B' group
Paramount Communications Ltd, Mangalam Timber Products Ltd, Tarmat Ltd and 63 Moons Technologies Ltd are among the other gainers in the BSE's 'B' group today, 22 November 2018.
Nissan board to meet for ousting Carlos Ghosn as future of alliance in focus
TOKYO (Reuters) - Nissan Motor Co will hold a board meeting on Thursday to oust Chairman Carlos Ghosn after the shock arrest of its once-revered leader, starting what could be a long period of uncertainty in its 19-year alliance with Renault.
Muted demand, weak global cues drag down nickel futures
Nickel prices slipped by 0.15 per cent in futures trade Thursday as participants trimmed bets amid muted demand at the domestic physical markets and weak global cues. Nickel for delivery in current month contract was trading lower by Rs 1.20, or 0.15 per cent down at Rs 779.30 per kg in futures trading at the Multi Commodity Exchange. It clocked a business turnover of 919 lots. Traders said apart from low demand from alloy-makers at the domestic spot market, a weak trend in base metals at the London Metal Exchange amid worries over the outlook for global economic growth in view of China-US trade tensions, led to the fall in nickel futures here.
Lead futures down on low demand
Lead prices fell by 0.60 per cent in futures trade Thursday after traders reduced their holdings due to subdued demand at the domestic spot markets amid weak global cues. At the Multi Commodity Exchange, lead for delivery in current month traded higher by 85 paise, of 0.60 per cent at Rs 141.05 per kg with a business turnover of 1,140 lots. Marketmen said off-loading of positions by participants in due to low demand from battery-makers at the spot markets and a weak trend overseas on worries over the outlook for global economic growth in view of China-US trade disputes, kept pressure lead prices at futures trade.
Gold futures up Rs 34 as participants create position
Gold prices rose by Rs 34 to Rs 30,859 per 10 gram in futures trading Thursday as speculators widened their bets, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 34,or 0.11 per cent, to Rs 30,859 per 10 gram, in a business turnover of 676 lots. Similarly, the February rates of the precious metal was up by Rs 23, or 0.07 per cent, at Rs 31,097 per 10 gram, with a business volume of 115 lots. Analysts said raising of bets by participants, taking positive cues from global market as weakness in dollar raised demand for the precious metal as a safe-haven, mainly pushed up gold prices at futures trade here. Globally, gold rose 0.11 per cent to trade at USD 1,228 an ounce in Singapore.
Corrected: Nissan board to meet for ousting Carlos Ghosn as future of alliance in focus
(Corrects paragraph 4 and second bullet to show Japan's industry minister, not finance minister, is meeting France's finance minister)
Gold steady as risk-on sentiment weighs on dollar
BENGALURU (Reuters) - Gold prices held firm on Thursday after hitting the highest in two weeks in the previous session, with improved risk appetite weighing on the U.S. dollar.
Deepak Fertilizers & Petrochemicals Corp Ltd leads gainers in 'A' group
Jindal Saw Ltd, IDFC Bank Ltd, Capital First Ltd and Kwality Ltd are among the other gainers in the BSE's 'A' group today, 22 November 2018.