Page 1813 - Business Finance
Silver futures up 0.24% as speculators create fresh position
Silver prices rose by 0.24 per cent in futures trade Monday as traders built up fresh positions even as the metal weakened overseas. At the Multi Commodity Exchange, silver for December was trading higher by Rs 89, or 0.24 per cent, to Rs 37,080 per kg in a business turnover of 342 lots. In a similar manner, the white metal for November gained Rs 81, or 0.22 per cent, to Rs 37,014 per kg in 506 lots. Analysts said fresh position created by participants mainly influenced the prices here but, a weak trend overseas capped the gains. Globally, silver fell 0.21 per cent, to USD 14.46 an ounce in Singapore Monday.
DB Corp's radio division hikes ad rates by 15% across key markets
Media firm DB Corp Monday said its radio division MY FM has increased its advertisement rates by 15 per cent across key markets. "The hike is effective November 15, 2018, backed by strong growth in listenership across its key markets including Ahmedabad, Chandigarh, Jaipur, Indore, Bhopal, Nagpur, Raipur, Surat, Nashik, Aurangabad and Rajkot," DB Corp said in a regulatory filing. "The network has seen considerable growth and traction over the last few months. MY FM has been able to consolidate its leadership position across all key markets," it added. DB Corp publishes newspapers including Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar, and operates My FM radio station in 30 cities. Shares of DB Corp were trading 0.76 per cent higher at Rs 180 apiece on BSE.
Humbled Noble Group seeks life as smaller, Asia-centric business
SINGAPORE (Reuters) - Shares in Noble Group Ltd, once Asia's top commodity trader, were suspended from trading from Monday, as the company seeks to transform into an Asia-focused coal-trading business following a $3.5 billion debt restructuring deal.
Nifty, Sensex edge higher as investors await RBI meet's outcome
(Reuters) - Indian shares pared most of their early gains to trade marginally higher on Monday, as the central bank held a board meet to discuss several issues related to liquidity, lending rules for banks and handing over surplus reserves to the government.
Vaswani Industries Ltd leads gainers in 'B' group
Venus Remedies Ltd, Palred Technologies Ltd, 3i Infotech Ltd and Arihant Foundations & Housing Ltd are among the other gainers in the BSE's 'B' group today, 19 November 2018.
Lead futures slide 0.42% on low demand
Lead prices fell by 0.42 per cent to Rs 143.20 per kg in futures trade Monday after speculators reduced their exposure amid a weak trend at the spot market due to subdued demand. At the Multi Commodity Exchange, lead for delivery in November was down by 60 paise, of 0.42 per cent, to trade at Rs 143.20 per kg in business turnover of 653 lots. Marketmen said off-loading of bets by participants owing to slackened demand from consuming industries, particularly, battery-makers, at the physical markets, mainly weighed on lead prices at futures trade.
Copper futures down 0.59 per cent on profit-booking
Copper prices dipped by 0.59 per cent to Rs 440.35 per kg in futures trade on Monday as participants booked profits at prevailing levels amid easing demand at the domestic spot market. At the Multi Commodity Exchange, copper for delivery in current month was trading lower by Rs 2.60, or 0.59 per cent at Rs 440.35 per kg in a business turnover of 1,140 lots. Marketmen said besides profit-booking by speculators, fall in demand from consuming industries in the physical market, mainly led to the decline in copper prices at futures trade here.
Yes Bank jumps after ICRA retains overall long term ratings at AA+
Yes Bank rose 5.41% to Rs 201.65 at 12:01 IST on BSE after ICRA Ratings retained its overall long-term rating of 'ICRA AA+' on the bank.
RBI board meets amid row with government, 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.
Nickel weakens as traders trim position on low demand
Nickel prices were down by 1.02 per cent in futures market Monday after traders cut down their holdings, driven by sluggish demand in the spot markets. The November rates of nickel fell by Rs 8.30, or 1.02 per cent to trade at Rs 808.40 per kg with a business turnover of 1,494 lots. Analysts said off-loading positions by participants on the back of tepid demand from alloy-makers in the physial market , led to the fall in nickel prices at futures trade.
Anarock starts real estate consulting services; appoints Ashutosh Limaye as head of vertical
Property brokerage Anarock Monday announced the appointment of Ashutosh Limaye as the head of its new vertical for providing consulting services to its clients, including real estate developers, retailers and financial institutions. Limaye was previously National Director and Head of Research at international property consultancy JLL India. The company said in a statement that it has formally launched Anarock Consulting Services and roped in Limaye as well as Gaurav Wahi, who will be head of operations. Puri said the team is already servicing India's most prominent real estate developers and working on projects of diverse scale, locations and activity mix. "This division will provide a bouquet of extremely specialised, results-oriented and fully tech-enabled services and solutions to our clients," he added. On his joining, Anarock Consulting Services Director and Head Ashutosh Limaye said, "We look forward to amplifying its scope with our consulting expertise. This division will ...
Mentha oil futures down 1.50% on profit-booking
Mentha oil prices drifted lower by 1.50 per cent to Rs 1,769.50 per kg in futures trade Monday after speculators trimmed positions to book profits amid muted demand from consuming industries at the spot markets. At the Multi Commodity Exchange, mehtha oil for delivery in November fell by Rs 26.90, or 1.50 per cent to Rs 1,79.50 per kg in a business turnover of 131 lots. Analysts said apart from profit-booking by speculators at current levels, subdued demand led to the fall in the prices at futures trade.
Crude oil futures recover 0.97 per cent on global cues
Crude oil prices rose 0.97 per cent to Rs 4,149 per barrel in futures market Monday as speculators created fresh bets, taking positive cues from the Asian markets. At the Multi Commodity Exchange (MCX), crude oil for delivery in December was trading higher by Rs 40, or 0.97 per cent at Rs 4,149 per barrel in a business turnover of 2,067 lots. Analysts said, speculators built fresh positions after oil prices recovered some ground in Asia on expectations the Organization of the Petroleum Exporting Countries(OPEC) would cut output, supported the recovery in crude prices at futures trade here. Meanwhile, West Texas Intermediate gained 1.24 per cent to USD 57.38 a barrel, while Brent crude rose 0.82 per cent, to USD 67.31 a barrel.
CG Power & Industrial Solutions Ltd leads gainers in 'A' group
Yes Bank Ltd, PC Jeweller Ltd, Kwality Ltd and Jaiprakash Associates Ltd are among the other gainers in the BSE's 'A' group today, 19 November 2018.
Oil rises on expected OPEC cuts, but markets wary on trade woes
SINGAPORE (Reuters) - Oil prices rose on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply towards year-end.
Realty stocks gain
Stocks hovered in a small range with positive bias in mid-morning trade. At 11:22 IST, the barometer index, the S&P BSE Sensex, was up 106.38 points or 0.3% at 35,563.54. The Nifty 50 index was up 22.25 points or 0.21% at 10,704.45. Shares of index heavyweight Reliance Industries gained.
China approves $6 billion airport expansion in Xinjiang capital
BEIJING (Reuters) - China's state planner on Monday approved a 42.1 billion yuan ($6.06 billion) airport expansion project in Urumqi, capital of the far western region of Xinjiang, a key hub in China's Belt and Road initiative.
ANAROCK Launches Consulting Services Headed by Ashutosh Limaye
/ -- Gaurav Wahi joins as Head of Operations, ANAROCK Consulting Leading full-stack real estate services providers ANAROCK Property Consultants have announced the formal launch of ANAROCK Consulting Services. The division will be led by industry veteran and thought-leader Ashutosh Limaye as Director & Head - ANAROCK Consulting Services. (Logo: https://mma.prnewswire.com/media/701435/ANAROCK_Logo.jpg ) Limaye was previously National Director & Head of Research at a leading international property consultancy. His long-standing senior associate Gaurav Wahi comes on board as Head of Operations for the new Consulting vertical. "It is exciting to be a part of ANAROCK, India's most disruptive and tech-driven real estate services firm," says Ashutosh Limaye. "We look forward to amplifying its scope with our consulting expertise. This division will provide expert advisory services to major real estate stakeholders across the board, starting with developers. We service Government ...
Bengaluru's Office Market Recorded Gross Absorption of 3.7 Mn sq ft in Q3 2018, Representing a Notable Growth of 55% From the Same Period Last Year: Colliers International India
/ -- Bengaluru recorded gross office absorption of 3.7 million sq ft in Q3 2018, representing a notable hike of 55% from the same period last year. Total Grade A office leasing through Q3 2018 was 11.4 million sq ft. With various technology occupiers continuing to expand, the 2018 annual absorption forecast is pegged at 14.5 million sq feet. "Despite the currency fluctuations, the gross leasing activity in India across major 7 cities was recorded at 36.4 million sq feet for the first nine months of 2018, up 26% YoY. Bengaluru again saw the bulk (30%) of leasing activity during Q3 at 3.7 million sq feet followed by Hyderabad which replaced Mumbai to be the second most active market," says Ritesh Sachdev, Senior Executive Director, Occupier Services at Colliers International India. Further supporting the city's real estate growth is the steady demand from the technology sector that constituted 41% of the total leasing activity in Q3 2018. This was followed by the Banking Financial ...
BHP to pay $386 million to settle tax dispute over Singapore marketing unit
(Reuters) - Global miner BHP said on Monday it signed an agreement with the Australian Taxation Office (ATO) to settle the transfer pricing dispute regarding its marketing operations in Singapore.