Page 1786 - Business Finance
Oil declines due to supply concerns after four days of gains
LONDON (Reuters) - Benchmark oil prices fell on Tuesday, set to snap a four-day winning streak amid concerns about rising global supplies as OPEC weighs production cuts.
Mid-segment Honor 8C smartphone in India next week
Huawei's sub-brand Honor is set to launch "Honor 8C" smartphone in India in the coming week that will have 4,000mAh battery and 6.26-inch Notch FullView Display, industry sources told IANS on Tuesday.
Fintech firm Goals101 opens office in Qatar
Financial technology firm Goals101 Data Solutions on Tuesday announced the opening of its office in the Qatar Financial Centre in the Qatari capital Doha, thus making it the first such company to start operating in the Gulf nation.
Jet fuel cash discounts widen on lacklustre buying interests
SINGAPORE (Reuters) - Asia's cash discounts for jet fuel widened on the back of ample supplies, while the physical market for the aviation fuel remained subdued for the fifth consecutive session with no bids or deals on Tuesday.
SAIL reappoints 3 independent directors to board
The country's largest steel maker SAIL Tuesday announced the reappointment of three independent directors to its board. With the move, the total number of independent directors on the board of Steel Authority of India Ltd (SAIL) has increased to seven. The steel ministry has reappointed three "non-official independent directors on the board of SAIL for a period of one year from the date of completion of their existing tenure or till further orders whichever is earlier," SAIL said in a filing to BSE. The three independent directors are -- Ashok Gupta, Anshu Vaish and Parmod Bindal. SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of the country and situated close to domestic sources of raw materials. The company manufactures and sells a broad range of steel products. Shares of the company were trading at Rs 62.35, lower by 3.03 per cent on the BSE.
Twitter CEO stirs up storm for posing with anti-'Brahmin' poster
Twitter CEO Jack Dorsey has sparked an outrage among Indian users after a picture of him holding a poster with message "smash Brahminical patriarchy" went viral on the micro-blogging platform. The photograph was tweeted by a journalist, who shared the picture and said: "During Twitter CEO @jack's visit here, he & Twitter's Legal head @vijaya took part in a round table with some of us women journalists, activists, writers & @TwitterIndia's @amritat to discuss the Twitter experience in India. A very insightful, no-words-minced conversation". The class-specific tweet seemed to have offended many Indians with ex-CFO of Infosys TV Mohandas Pai accusing Dorsey of "hate mongering" against Brahmins and of institutionalising hatred. "As an Indian I am disappointed at Twitter CEO Jack Dorsey's 'Smash Brahminical Patriarchy' placard - will Minister @Ra_THORe (Rajyavardhan Rathore) pl take action for this hate mongering against an Indian community,spreading hatred? @PMOIndia @rsprasad", .
Explainer: What misconduct is Nissan's Ghosn accused of, and how did it come to light?
TOKYO (Reuters) - Japan was shocked by news that Nissan Motor Co Chairman Carlos Ghosn, who was widely respected for rescuing the car maker from near bankruptcy, was arrested on Monday for alleged financial misconduct.
Nifty, Sensex end lower as RBI's 'long-term' steps fail to impress
(Reuters) - Indian shares snapped three sessions of gains to end lower on Tuesday, after the outcome of the central bank's meet failed to assuage investors, as they expected implementation of the proposed measures to take time.
Sensex, Nifty snap three-day rally on global selloff
Breaking its three-day rising streak, the BSE Sensex Tuesday fell over 300 points on heavy selling by market participants, in step with a global selloff despite strengthening rupee and easing crude prices. Besides, profit-booking in recent gainers too fuelled the downward trend. Sentiment took a hit on weakness in other Asian and European markets following overnight losses at the Wall Street as technology firms lost on worries over slackening demand, brokers said. They said, the outcome of the Reserve Bank board's meet also failed to impress investors. The 30-share Sensex, after starting off lower at 35,730.77, continued to slide as selling pressure picked up momentum and hit a low of 35,416.18, before settling 300.37 points, or 0.84 per cent, down at 35,474.51. The index had risen 633 points in the last two sessions on the back of increased foreign fund inflows. The 50-share NSE Nifty too dropped by 107.20 points, or 1 per cent, to 10,656.20. Intra-day, it traded between 10,640.85 ...
Action Construction Equipments gets revision in credit ratings from CRISIL
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Shriram Transport Finance Company allots NCDs aggregating Rs 250 cr
On private placement basis
Market drops as heavyweights slide
Key benchmark indices suffered sharp losses weighed by slide in index heavyweights HDFC, Infosys and Reliance Industries. The barometer index, the S&P BSE Sensex, lost 300.37 points or 0.84% at 35474.51, as per the provisional closing data. The Nifty 50 index lost 107.20 points or 1% at 10,656.20, as per the provisional closing data. Negative global cues put pressure on domestic stocks.
Clear cane arrears: UP CM
Uttar Pradesh Chief Minister Yogi Adityanath has directed officials to ensure that the pending Rs 6,830 crore arrears are immediately paid to the cane farmers, an official said on Tuesday.
RBI move to boost banks' lending ability by up to $42 billion: sources
MUMBAI (Reuters) - The Reserve Bank of India estimates that Indian banks will have capacity to lend an extra 2.5 trillion rupees to 3.0 trillion rupees ($35 billion to $42 billion) over the next year after it decided to relax a deadline for lenders to boost capital ratios, two sources aware of discussions on the matter said on Tuesday.
iPhone demand worries send ripples through global markets
LONDON (Reuters) - World stock markets fell on Tuesday as worries over softening demand for the iPhone prompted a tech stock selloff across the world, while the arrest of car boss Carlos Ghosn pulled Nissan and Renault sharply lower.
Sensex falls 300 points on weak global cues
India's benchmark stock indices followed their Asian peers lower on Tuesday, after an overnight slump on the Wall Street led by technology stocks.
Just 2% of consumers prefer marketing updates via SMS: Survey
Most marketers are missing the mark in using marketing technologies to reach consumers via SMS, as just 2 per cent of consumers prefer to get marketing updates through this channel, according to a survey by global marketing firm Epsilon, a division of Alliance Data. The survey, conducted by Forrester Consulting, noted that 74 per cent of marketeers are using marketing technologies to reach consumers through SMS. The online study named 'Marketing In India Is Personal, Not Just Business', surveyed consumers (405) and senior marketing professionals (202) in decision-making roles from retail, consumer packaged goods, financial services, insurance and travel, and hospitality brands in India. Around 61 per cent of the consumers surveyed said that most marketing updates they receive by email do not offer anything that interests them, while 28 per cent said that brands send them email offers well-timed with their needs. Around 66 per cent of consumers said they receive too many .
Akshaypat Singhania to invest Rs 100cr in start-up ventures
JK International chairman and managing director Akshaypat Singhania on Tuesday said he has created a fund of Rs 100 crore that will invest in lifestyle, healthcare, food and beverage companies and other startups. He is scouting for start-ups in India that have built brands but are now struggling to raise funds for re-engineering. "I am looking for companies with strong commitment, which have sustained profitable growth, should have better understanding of business model, understanding of future trends," Singhania said. "I do not intend to only invest and wait for investments to appreciate, but also use my own experience to help the business grow larger to build a professional team, implement better processes, strengthen use of technology and to infuse transparency in the system so that the business can strive ceaselessly for growth and efficiency. The model should rest on a deep understanding of the business and deliver positive social impact," he added. ********** ...
Amitabh Bachchan pays off loans of 1398 UP farmers
Megastar Amitabh Bachchan has helped farmers of Uttar Pradesh by paying off their loans. The 76-year-old actor paid off loans of 1398 farmers from the state, that amounted to over Rs 4.05 crore. He shared the news in his blog where he wrote, "Gratitude leans across to the desire of removing some of the burdens that farmers continue to suffer from... "It was Maharashtra first, when over 350 farmers loans were taken care of... now its UP and 1398 of them that had out standings of loans on banks has been done with an outlay of 4.05 crore... and the inner peace it generates when the desired is completed." Bachchan has also personally arranged for 70 selected farmers to travel to Mumbai and receive their bank letters.
easyJet strikes upbeat tone on bookings despite Brexit concerns
LONDON (Reuters) - British low-cost airline easyJet said Brexit was not affecting bookings for next summer, while the company's CEO said he was confident that the carrier was well-prepared for either a deal or a no-deal scenario.