Page 1814 - Business Finance
Siemens tumbles after weak Q4 earnings
Siemens fell 4.45% to Rs 935 at 11:14 IST on BSE after net profit fell 55.24% to Rs 279.20 crore on 25.30% increase in total income to Rs 4015.60 crore in Q4 September 2018 over Q4 September 2017.
China's former trade negotiator questions tariff strategy
China's former top trade negotiator has questioned Beijing's strategy in the trade row with Washington, offering a rare window into a policy disagreement in the Communist-ruled country. Long Yongtu, who paved the way for the country's admission to the World Trade Organisation, suggested the government erred by immediately retaliating against Washington tariffs by imposing levies on soybeans from the United States. "I hope when you start hitting back you'll avoid hitting agricultural products," and leave them for last, Long said he advised before the trade war's first tariff volley this summer. "Instead from the very start we hit their agricultural products and soybeans," China's former chief representative for trade negotiations said at a a Caixin media business forum on Sunday. China slapped 25 per cent tariffs on American soybeans -- its single largest import from the US -- and other products in July immediately after Donald Trump fired at USD 50 billion in Chinese imports. The move
Ruchira Papers allots 18.30 lakh equity shares
On conversion of warrants
Global Markets: Stocks turn mixed, dollar faces rate hike uncertainty
SYDNEY (Reuters) - Share markets turned mixed in Asia on Monday amid conflicting signals on the prospects for a truce in the Sino-U.S. trade dispute, while the Federal Reserve's newly-found concerns over the global economy constrained the dollar.
Volumes soar at Max India Ltd counter
Max India Ltd clocked volume of 76295 shares by 10:46 IST on BSE, a 12.15 times surge over two-week average daily volume of 6281 shares
Government of India and the Asian Development Bank (ADB) sign $300 Million Loan to support India Infrastructure Finance Company Limited (IIFCL)
Mr. Kenichi Yokoyama, Country Director of ADB's India Resident Mission who signed the agreement for ADB, said that ADB funding is expected to fund at least 13 sub-projects through IIFCL, involving roads and renewable power generation, under the last tranche. The Project supports the renewed effort of the Government of India in accelerating infrastructure growth through increased Private Sector investment. The Project is relevant and responsive to the constraints to bank based infrastructure financing, fiscal space creation, and repercussions on GDP growth.
Tata Investment Corp jumps after board OKs buyback
Tata Investment Corporation rose 5.42% to Rs 867.70 at 10:35 IST on BSE after the company said its board approved a proposal to buyback upto 45 lakh equity shares of the company at Rs 1,000 per share.
Indices trim gains
Stocks trimmed gains in morning trade after opening on a firm note. At 10:24 IST, the barometer index, the S&P BSE Sensex, was up 90.06 points or 0.25% at 35,547.22. The Nifty 50 index was up 20.75 points or 0.19% at 10,702.95.
Vodafone Idea Ltd Falls 3.61%, S&P BSE Telecom index Drops 1.59%
Vodafone Idea Ltd has added 13.29% over last one month compared to 8.6% gain in S&P BSE Telecom index and 3.85% rise in the SENSEX
DIL Ltd Spurts 3.69%, S&P BSE Healthcare index Rises 1.02%
DIL Ltd has added 23.74% over last one month compared to 0.37% fall in S&P BSE Healthcare index and 3.83% rise in the SENSEX
Gold steady as Fed caution on global economy pressures dollar
BENGALURU (Reuters) - Gold prices were steady on Monday, with the dollar subdued after comments from Federal Reserve officials showing caution over the global economy, prompting traders to reassess the pace of future U.S. interest rate hikes.
HDFC disburses over Rs 1100 crore subsidy under PMAY
HDFC has provided loans of over Rs 9,800 crore under PMAY-CLSS, to these customers belonging to EWS (EconomicallyWeaker Section), LIG (Low Income Group) and Middle Income Group (MIG) category.
Rasoi update on proposed delisting of shares
Further, on 19 November 2018 the Company has received a letter from J. L. Morison (lndia) along with a valuation report dated 18th November, 2018 issued by Walker Chandiok & Co LLP, Chartered Accountants, informing the Company that Rs. 25,408 is the floor price for the Delisting Offer.
Sensex rises over 150 pts ahead of RBI board meet
The benchmark BSE Sensex surged over 150 points and the broader NSE Nifty went past the 10,700 mark in opening trade Monday on the back of widespread gains ahead of the Reserve Bank of India's board meet amid capital inflows by foreign funds. Positive leads from other Asian markets too influenced sentiments here. The 30-share index was trading 190.81 points, or 0.54 per cent, higher at 35,647.61 points. Sectoral indices, led by realty, metal, auto, IT indices and bankex, advanced up to 1.44 per cent. The barometer had gained 315.17 points in the previous two sessions. Similarly, the NSE Nifty was up 43.10 points, or 0.40 per cent, at 10,725.30 points. Investors are awaiting cues from the Reserve Bank of India's board meet later in the day. Finance Ministry nominees and some independent directors are expected to take on Governor Urjit Patel and his team later in the day over issues ranging from micro, small and medium enterprises (MSME) credit to the central bank's reserves, though ...
Market nudges higher in early trade
Stocks drifted higher in early trade on buying demand in index pivotals. At 9:21 IST, the barometer index, the S&P BSE Sensex, was up 199.08 points or 0.56% at 35,656.24. The Nifty 50 index was up 34.40 points or 0.32% at 10,716.60.
Vikas Ecotech to explore strategic inorganic growth opportunity
The company is currently exploring a strategic inorganic growth opportunity for production of 2-EHTG as well as other asset purchases. The strategic option being explored would significantly reduce the lead time of its primary product, 'Organotins' to the market by ensuring raw material security. The share sale by the promoter has been undertaken to provide company with interim funding to explore the said opportunity.
PVR opens new multiplex at Anand, Gujarat
With this launch, PVR now operates the largest multiplex network with 734 screens at 158 properties in 63 cities.
Proseed India reports standalone net loss of Rs 0.20 crore in the September 2018 quarter
Sales rise 463.16% to Rs 1.07 crore
Precision Camshafts standalone net profit declines 30.63% in the September 2018 quarter
Sales decline 2.98% to Rs 97.57 crore
Trijal Industries reports standalone net profit of Rs 0.01 crore in the September 2018 quarter
Reported sales nil