Page 1756 - Business Finance
Chana futures fall 0.53 per cent on muted demand
Chana prices declined by 0.53 per cent, to Rs 4,700 per quintal in futures trade on Thursday after participants reduced their exposure amid subdued demand at spot market. Profit-booking at higher levels also weighed on the sentiment. At the National Commodity and Derivatives Exchange, Chana for delivery in December was trading lower by Rs 25, or 0.53 per cent, at Rs 4,700 per quintal, with an open interest of 30,470 lots. The January rates also fell by Rs 16, or 0.34 per cent, to Rs 4,694 per quintal with open interest of volume stood at 14,010 lots. Marketmen said trimming of bets by traders due to easing demand in physical market against adequate stocks, mainly led to fall in chana prices at futures trade here.
Mentha oil goes up in futures trade
Mentha oil prices were higher by 1.35 per cent to Rs 1,664 per kg in futures trade Thursday as speculators built up fresh positions following pick up in demand in the spot market. At the Multi Commodity Exchange, mentha oil for delivery in current month traded higher by Rs 22.10, or 1.35 per cent to Rs 1,664 per kg, clocking a business volume of 128 lots. Marketmen said building up of fresh positions by speculators, driven by pick up in demand from consuming industries in the spot market, mainly influenced mentha oil prices at futures market here.
Oil slips as U.S. inventories swell, but OPEC may cut supply to avoid glut
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.
Nifty, Sensex edge higher as IT stocks bounce back
(Reuters) - Indian markets rose marginally on Thursday in thin trading, helped by a recovery from previous session in IT stocks such as Tech Mahindra Ltd and HCL Technologies Ltd, while some stability in broader Asia also boosted the sentiment.
IT stocks gain
Indices trimmed gains in mid-morning trade. At 11:25 IST, the barometer index, the S&P BSE Sensex, was up 70.14 points or 0.2% at 35,269.94. The Nifty 50 index was up 16 points or 0.15% at 10,616.05. IT stocks gained.
Nexstgo's first flagship commercial laptop PRIMUS enters India
Hong Kong-based tech startup Nexstgo is all set to launch its commercial laptops in India.Committed to bringing new and revolutionary experience in technology, Nexstgo will introduce a wide range of commercial laptop series - PRIMUS.The company focuses on bringing experiential technical solutions to modern-day corporate leaders. Nexstgo challenges every limitation of function, technology, and aesthetics, using a human-oriented approach to design a splendid array of products."Nexstgo's R&D team has upheld our company philosophy - Do What the Giants Can't - by developing diverse smart personal and commercial products and solutions for our consumer and business clients," says Alex Chung, CEO of Nexstgo."As our first fully self-developed flagship product, PRIMUS strengthens the company vision and brand with its leading performance and spectacular user experience," added Alex Chung.Nexstgo entered the Hong Kong, Taiwan and South-east Asia markets with incredibly impressive sales ...
Sensex opens on a bullish note
The benchmark equity index S&P BSE Sensex registered a bullish jump on Thursday morning with Sensex gaining 150 points, while NSE's Nifty 50 above 10,600 at around 10.48 am. The jump was attributed to stronger rupee and softening of crude oil prices in the international market.The shares of Yes Bank, one of the largest private sector lenders currently mired in a spate of resignations, climbed 3 per cent on the BSE Sensex during morning trade on Thursday, following the reports of December 13 board meeting to discuss the appointment of key functionaries among other issues.
Tesla cuts China car prices to absorb hit from trade war tariffs
BEIJING/SHANGHAI (Reuters) - Tesla Inc is cutting the price of its Model X and Model S cars in China, the U.S. firm said on Thursday, in a shift in strategy that will see it take more of a hit from tariffs linked to a biting trade war between China and the United States.
Nissan board to decide on dismissing Ghosn as chairman
Nissan's board of directors will meet Thursday to decide whether to dismiss its chairman Carlos Ghosn following his arrest on suspicion of underreporting his income. Earlier this week, alliance partner Renault voted to keep him as its chief executive but appointed Thierry Bollore, the chief operating officer, as interim chief. Nissan Motor Co Chief Executive Hiroto Saikawa has said Ghosn should be ousted. Ghosn is suspected of under-reporting USD 44.6 million in income from 2011 to 2015, according to Tokyo prosecutors. Nissan's board consists of nine members, including Ghosn and a representative director named Greg Kelly, who also was arrested Monday on suspicion he collaborated with Ghosn in false financial reporting. A majority, or at least four votes out of seven, is needed to move ahead on their dismissal. Ghosn and Kelly will remain on Nissan's board, regardless of the outcome of Thursday's vote, as that decision will be up to the shareholders. No date has been set for a ...
PIF Announces "Wadi Al Disah Development Project" in Mohammed bin Salman Natural Reserve
/ -- The Public Investment Fund (PIF) of Saudi Arabia today announces the launch of the Wadi Al Disah Development Project, located within the Prince Mohammed bin Salman Natural Reserve. The development will become a major sustainable tourism location, preserving the local environment and wildlife. The region features a moderate climate, distinctive mountainous terrain and flowing springs, which will help the project become one of the Kingdom's most environmentally diverse tourist attractions. The Public Investment Fund will establish a company to develop the project in accordance with international best practices regarding environmental conservation and sustainable development. The new company will contribute to the creation of sustainable tourism and related job opportunities, supporting the Kingdom's economic diversification and unlocking new assets in Saudi Arabia. The announcement of the Wadi Al Disah Development Project follows the launch of the Amaala ultra-luxury tourism ...
Exclusive: Canada considering proposal to buy rail cars to move stranded crude - sources
OTTAWA/VANCOUVER (Reuters) - Canada's federal government is considering a proposal from its main oil producing province of Alberta to share the cost of buying rail cars to move oil stuck in the region because of a lack of pipeline capacity, said two sources with direct knowledge of the matter.
Volumes jump at Grindwell Norton Ltd counter
Grindwell Norton Ltd witnessed volume of 95030 shares by 10:45 IST on BSE, a 124.38 times surge over two-week average daily volume of 764 shares
Indraprastha Gas gains after bulk deal
Indraprastha Gas rose 1.04% to Rs 268.10 at 10:45 IST on BSE after a bulk deal of 10 lakh shares was executed on the scrip at Rs 265.15 per share at 09:28 IST on BSE.
Bharti AXA Life logs 52% growth in new policies
Bharti AXA Life Insurance Company Ltd on Thursday said its fresh business had increased by 52 per cent during the first half of the current fiscal.
Indices extend gains
Key benchmark indices extended gains in morning trade. At 10:26 IST, the barometer index, the S&P BSE Sensex, was up 146.76 points or 0.42% at 35,346.56. The Nifty 50 index was up 34.45 points or 0.32% at 10,634.50.
Amazon re-opens U.S. store to Australian shoppers after backlash
SYDNEY (Reuters) - Amazon.com Inc said on Thursday it would stop blocking Australians from shopping on its U.S. site after a customer backlash, unwinding a move which has tarnished the e-commerce giant's launch in the world's 12th-largest economy.
Exclusive: HNA in talks with bad debt firm Cinda as it extends $43 billion asset sales -sources
HONG KONG (Reuters) - Chinese conglomerate HNA Group has turned to state-owned China Cinda Asset Management Co, among the country's largest bad debt managers, for advice on asset disposals, people with knowledge of the matter told Reuters.
Exclusive: HNA in talks with bad debt firm Cinda as it extends $43 billion asset sales - sources
HONG KONG (Reuters) - Chinese conglomerate HNA Group has turned to state-owned China Cinda Asset Management Co, among the country's largest bad debt managers, for advice on asset disposals, people with knowledge of the matter told Reuters.
Corrected: Gold steady as risk-on sentiment weighs on dollar
(Corrects date in second paragraph to Nov. 7, not Nov. 11)
Tesla says cuts price for Model X, S in China
BEIJING/SHANGHAI (Reuters) - Tesla Inc is cutting the price of its Model X and Model S cars in China by between 12-26 percent, the U.S. electric carmaker told Reuters on Thursday.