Page 1805 - Business Finance
Sensex jumps amid bets of RBI-government truce
Key equity indices jumped amid bets the government and the Reserve Bank of India will bury their differences at a crucial central bank board meeting on Monday.
Market logs strong gains as pivotals advance
Key benchmark indices settled with strong gains on sustained buying demand in index pivotals. The barometer index, the S&P BSE Sensex, gained 317.72 points or 0.9% at 35,774.88, as per the provisional closing data. The Nifty 50 index gained 81.20 points or 0.76% at 10,763.40, as per the provisional closing data. Shares of index heavyweights Reliance Industries and ITC gained.
Mahindra & Mahindra Financial Services to allot NCDs aggregating Rs 120 cr
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MATTLOOK Cosmetics debuts 6.5 Bn Indian cosmetic and beauty industry
Delhi headquartered MATTLOOK cosmetics have debuted in the India's burgeoning 6.5 Billion beauty and cosmetics industry. The newly launched brand is poised to tap the huge opportunity available at the middle of the pyramid.With a clear positioning value for money brand and the products range at par with best of the international brands, MATTLOOK cosmetics has launched a wide range of cosmetics and make up products targeting young women especially the working executives and college going students.Synonymous with quality and in vogue products at an achievable price scale MATTLOOK is fast creating a strong foothold, across the segments. The brand is being bullish to have a pan India presence in next 12 months, at present it has a strong 100 plus distribution points touching almost 5000 retailers across Delhi, UP, Punjab, Haryana, Himachal Jammu and Rajasthan etc.In the next phase the brand to strengthen its presence in southern and western markets. Besides, MATTLOOK will be available in .
Goldman Sachs expects 11 percent returns from MSCI China in 2019
LONDON (Reuters) - MSCI's China index should reap returns of 11 percent in 2019, investment bank Goldman Sachs said on Monday, though it warned that the world's second largest economy faced a challenging and uncertain macro backdrop.
Telecom Italia gets new CEO but power struggle rages on
MILAN (Reuters) - Luigi Gubitosi's appointment as Telecom Italia's new chief executive lifted shares more than 4 percent on Monday as investors bet the veteran Italian manager could push through an aggressive shake-up of Italy's biggest phone group.
Oil rises for a fourth day, buoyed by OPEC supply plans
LONDON (Reuters) - Oil rose for a fourth session in a row on Monday, buoyed by the prospect that top exporter Saudi Arabia will push OPEC and maybe Russia to cut supply towards the end of this year.
Sensex rallies over 300 pts ahead of RBI board meet outcome
The BSE benchmark Sensex rallied over 300 points Monday to end at over a six-week high of 35,774.88 as investors widened their portfolios ahead of the RBI's board meet outcome amid foreign fund inflows. Also, positive cues from other Asian markets and a firm opening in European shares buoyed investor sentiment here. A crucial meet of the Reserve Bank's central board is underway amid a rift between the central bank and the government over future course of policies. The finance ministry nominees and some independent directors were expected to take on Patel and his team over issues ranging from MSME credit to the central bank's reserves, though both sides are in favour of reaching a common ground. Expectations of a positive outcome boosted market mood after the meeting began. The Sensex started off on a high note at 35,647.62 and continued its upward march to hit a high of 35,818.65 as buying activity gathered momentum. It finally settled 317.72 points, or 0.90 per cent, higher at ...
Intellect Design Arena update on scheme of amalgamation
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RBI board meets amid row with government, Indian markets on guard
MUMBAI (Reuters) - A Reserve Bank of India board meeting began on Monday with investors waiting to see if central bank and government policymakers could bridge differences over several key issues.
Rabi Acreage Down 16%
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SBICAP Ventures launches SME, affordable housing funds
SBICAP Ventures (SVL), an alternative asset manager and a wholly owned subsidiary of SBI Capital Markets, Monday launched two funds for the small and medium enterprises (SMEs) and affordable housing sectors. The SME fund is expecting to raise a corpus of Rs 400 crore, while the affordable housing fund would look at raising Rs 350 crore. "For the SME, we want to start with Rs 400-crore fund. It will be an equity fund and there will be two anchor investors - SBI and SBI CAP/SVL," SBI Capital Markets managing director and chief executive officer Varsha Purandare told reporters here. "We are expecting an internal rate of return (IRR) of anywhere between 18 per cent and 22 per cent," she added. The SME fund will be starting in September 2019 and the first close, which will be at least 60 per cent of the fund, or around Rs 240 crore, is expected by June 2020, according to Purandare. Country's largest lender State Bank of India (SBI) is limited by 10 per cent and SBI Capital ...
Maha Assembly: Govt tables supplementary demands of Rs 20k cr
The Maharashtra government Monday tabled supplementary demands of Rs 20,326 croreon the first day of the winter session of the Legislative Assembly. The supplementary demands include funds for Maratha reservations, which was announced by the state government Sunday, for a proposed committeeto recommend simultaneous Assembly and Lok Sabha polls as well as to provide relief to drought-hit farmers. The government said supplementary demands included provisions required during the current financial year in respect of itemssanctioned by the Government in anticipation of the approval of the legislature and for repayment of Contingency Fund as well as additional expenditurelikely to be incurred during the remaining part of the year. A fund of Rs 500 crorewill be provided for expenses to be incurred to implement Maratha reservation. The Rs 5,000 crore advance drawn from the Contingency Fund on October 8 this year will be recouped through the supplementary demands. Another Rs ...
Nissan Chairman Carlos Ghosn to be arrested in Japan for alleged financial violations: Asahi
TOKYO (Reuters) - Nissan Motor Co Ltd Chairman Carlos Ghosn is to be arrested by Tokyo prosecutors for alleged financial violations in Japan, the Asahi newspaper reported on Monday.
Jet Airways (India) Ltd leads losers in 'A' group
Cyient Ltd, Suzlon Energy Ltd, Minda Industries Ltd and Indiabulls Housing Finance Ltd are among the other losers in the BSE's 'A' group today, 19 November 2018.
North Eastern Carrying Corporation Ltd leads losers in 'B' group
Punjab Communications Ltd, Landmark Property Development Company Ltd, Consolidated Construction Consortium Ltd and Paramount Communications Ltd are among the other losers in the BSE's 'B' group today, 19 November 2018.
NR International reports standalone net loss of Rs 0.20 crore in the September 2018 quarter
Reported sales nil
Beekay Steel Industries standalone net profit rises 41.66% in the September 2018 quarter
Sales rise 12.02% to Rs 257.31 crore
Metal Coatings (India) standalone net profit rises 254.55% in the September 2018 quarter
Sales rise 55.17% to Rs 39.01 crore