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Page 1790 - Business Finance

Outcome of board meeting of India Radiators

Held on 20 November 2018

Updated On : 20 Nov 2018 | 12:16 PM IST

Maruti ramps up production of Vitara Brezza

The country's largest carmaker Maruti Suzuki India (MSI) Tuesday said it has ramped up the production of its compact SUV Vitara Brezza to reduce waiting period of the model. The company has increased production of the vehicle by 10 per cent to 94,000 units during April-October period of the current fiscal as compared with same period of 2017-18. "With the Suzuki Motor Gujarat plant operational at its full capacity of 2.5 lakh units annually in Gujarat, we are able to increase the output," MSI Senior Executive Director (Marketing and Sales) RS Kalsi said in a statement. At present, the model has a waiting period of four-six weeks. The auto major is confident that with the reduced waiting period, it will be able to enhance the car buying and ownership experience of its customers, he added. Last fiscal, MSI sold over 1.48 lakh units of Vitara Brezza. During the first seven months (April-October) of 2018-19, the company has clocked sales of around 95,000 units of the compact SUV. The ...

Updated On : 20 Nov 2018 | 12:05 PM IST

Kwality Ltd leads gainers in 'A' group

Page Industries Ltd, Magma Fincorp Ltd, BEML Ltd and Just Dial Ltd are among the other gainers in the BSE's 'A' group today, 20 November 2018.

Updated On : 20 Nov 2018 | 12:04 PM IST

Metal and mining stocks decline

Fresh selling in index pivotals pulled the key benchmark indices to intraday low in mid-morning trade. At 11:25 IST, the barometer index, the S&P BSE Sensex, was down 131.46 points or 0.37% at 35,643.42. The Nifty 50 index was down 50.35 points or 0.47% at 10,713.05. Metal and mining stocks declined. Local indices were weighed down by negative Asian stocks.

Updated On : 20 Nov 2018 | 11:50 AM IST

Spot demand lifts zinc futures by 0.30 per cent

Zinc prices inched up by 0.16 per cent, to Rs 190.35 per kg in futures market Tuesday as traders created fresh positions following upsurge in demand in the spot markets. At the Multi Commodity Exchange, zinc to be delivered in November was trading higher by 30 paise, or 0.16 per cent, to trade at Rs 190.35 per kg in business turnover of 160 lots. Market attributed the rise in zinc futures to pick up in demand from consuming industries in the spot market amid a firm trend in base metals in global market.

Updated On : 20 Nov 2018 | 11:50 AM IST

Yes Bank tumbles after R. Chandrashekhar resigns from board

Yes Bank fell 4.85% to Rs 195.10 at 11:26 IST on BSE after the bank announced the resignation of Rentala Chandrashekhar from its board of directors.

Updated On : 20 Nov 2018 | 11:50 AM IST

Oil prices drop as broad market sell-off outweighs supply concerns

SINGAPORE (Reuters) - Oil markets lost steam on Tuesday as a deteriorating economic outlook and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries (OPEC).

Updated On : 20 Nov 2018 | 11:45 AM IST

India, 15 other African countries account for 80% of world's malaria cases: WHO

India and 15 other countries in sub-Saharan Africa accounted for almost 80 per cent of the malaria cases reported globally last year, according to a WHO report which notes that a whopping 1.25 billion people in India were at the risk of contracting the mosquito-borne disease. The World Health Organization's (WHO) 2018 World malaria report, however, in an encouraging note said that India was the only country to report progress in reducing its malaria cases in 2017 as compared with 2016. It said five countries to account for nearly half of all malaria cases worldwide were Nigeria (25 per cent), Democratic Republic of the Congo (11 per cent), Mozambique (5 per cent), India and Uganda (4 per cent) both. In all, 15 countries in sub-Saharan Africa and India carried almost 80 per cent of the global malaria burden. In India, 1.25 billion people in the population were at risk of malaria, the report said. It said that targets to reduce global rates of infections and deaths from malaria were not

Updated On : 20 Nov 2018 | 11:45 AM IST

Mentha oil futures decline over 1% on profit-booking

Mentha oil prices drifted lower by 1.02 per cent in futures trade Tuesday as participants booked profits amid easing demand from consuming industries at the spot markets. In futures trading at the Multi Commodity Exchange, mentha oil to be delivered this month fell by Rs 17.60, or 1.02 per cent, to Rs 1,707 per kg in a business turnover of 151 lots. Analysts said off-loading of positions by participants due to profit-booking by speculators amid subdued demand from consuming industries at the domestic spot markets, led to the fall in mentha oil prices at futures trade here.

Updated On : 20 Nov 2018 | 11:40 AM IST

RBI decision to ease capital norms credit negative for banks: Moody's

MUMBAI (Reuters) - The Reserve Bank of India's decision to allow lenders more time to adhere to additional capital buffer norms under Basel 3 is credit negative for the country's state-run banks, Moody's Investors Service said in a release on Tuesday.

Updated On : 20 Nov 2018 | 11:35 AM IST

Silver futures fall Rs 104 to Rs 36,760 per kg

Silver prices were down by Rs 104 to Rs 36,760 per kg in futures trade on Tuesday after speculators reduced their exposure amid a weak trend overseas. Silver for delivery in December fell by Rs 104, or 0.28 per cent to trade at Rs 36,760 per kg in a business turnover of 117 lots at the Multi Commodity Exchange. On similar lines, the white metal for delivery this month shed Rs 95, or 0.26 per cent, at Rs 36,796 per kg with a business turnover of 263 lots. In the international market, silver fell 0.35 per cent, to USD 14.46 an ounce in Singapore Tuesday. Marketmen said trimming of positions by speculators to book profits at prevailing levels and a weak trend overseas, mainly led to a fall in silver prices at futures trade here.

Updated On : 20 Nov 2018 | 11:35 AM IST