Page 1832 - Business Finance
Gold hits one-week high as dollar softens; palladium near record
BENGALURU (Reuters) - Gold rose to a one-week high on Friday as the dollar softened, while palladium held near a record high close to the price of bullion.
Take Five: Black Friday shoppers to Brexit wreckage, world markets themes for the week ahead
(Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Angry Birds maker Rovio's shares jump after strong quarter
HELSINKI (Reuters) - Rovio Entertainment, the maker of the Angry Birds mobile game, boosted its shares on Friday with an increase in third-quarter profits, but also said it needed new games to drive growth.
VW says could build up to 15 million electric cars
FRANKFURT (Reuters) - Volkswagen could build up to 15 million electric cars over several years on its new electric vehicle production platform, the company said on Friday, adding that its Chief Executive Herbert Diess had misspoken in an interview on Monday.
Asia Gold: India swings to premium; benchmark price dip lends appeal elsewhere
MUMBAI/BENGALURU (Reuters) - Gold is trading at premium in India for the first time in more than two months on robust demand following a busy festival week, while a dip in global prices earlier this week helped bullion's appeal in some Asian hubs.
Global Economy: Brexit front and middle in light week for data
LONDON (Reuters) - Brexit will be foremost in investors' minds in the coming week, though a smattering of data will offer further indications as to how much global economic growth, bogged down by politics and trade wars, is slowing.
Tata Sons only in preliminary talks with Jet Airways about a deal
MUMBAI/ABU DHABI (Reuters) - Indian conglomerate Tata Sons Ltd said on Friday it is in preliminary talks with struggling Jet Airways Ltd but has not made a proposal to acquire a stake, cooling speculation that a deal was imminent.
GRSE order book to swell to Rs 28000 cr shortly
State owned defence shipyard Garden Reach Shipbuilders Engineers Ltd (GRSE) expects its order book to swell to Rs 28,000 crore shortly that would keep it busy till 2026, a top company official said Friday. The PSU that got listed recently, currently has an order book of Rs 23,000 crore and an order of Rs 5,500 crore for eight Anti Submarine Warfare Shallow Water Crafts will be finalised shortly. "The order book is going to rise to Rs 28,000-29,000 crore involving building 15 ships till 2026," GRSE chairman and managing director V K Saxena said at the CII organised industry defence linkage event. He said there are three contracts that involve building three stealth missile frigates under Project 17 Alfa, four ASW survey vessels, besides the soon to be finalised order for eight Anti Submarine Warfare Shallow Water Crafts. He hopes topline of the company which was close to Rs 14,000 crore in FY'18 may get trebled by 2021-22 with the potential defence sector holds. Without ..
Global Markets: Europe battles Brexit blues, losses seen for Wall Street's chipmakers
LONDON (Reuters) - European stocks slipped again and sterling and the euro remained fragile on Friday, as one the most dramatic twists yet in the Brexit process compounded another turbulent week for world markets.
Nifty November 2018 futures at premium
Reliance Industries, Yes Bank and ICICI Bank most active futures contracts
No proposal made for Jet; talks at preliminary stage: Tata Sons
Tata Sons, the holding company of the Tata Group firms, on Friday said discussions on acquiring a stake in the financially troubled Jet Airways have been at a preliminary stage and that no such proposal has been made so far.
U.S. investigators approach Deutsche Bank, BofA, JPM in Danske probe: Bloomberg
COPENHAGEN (Reuters) - U.S. criminal investigators have requested information from Deutsche Bank, Bank of America and JPMorgan about transactions they handled for Danske Bank's Estonia branch, which is at the centre of a money laundering scandal, Bloomberg reported on Friday citing sources.
Kazakh state pension fund was major investor in Kazatomprom IPO: sources
ALMATY (Reuters) - Kazakhstan's state-run pension fund has bought one-third of the shares sold by uranium miner Kazatomprom in its $450 million London and Astana initial public offering (IPO) this week, two sources familiar with the deal told Reuters.
'Mission Impossible' powers Viacom results beat
(Reuters) - Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, beat Wall Street estimates for profit and revenue on Friday, as its Paramount Pictures division gained from the success of "Mission: Impossible - Fallout".
Vibrant Gujarat 2019 to focus on trade, exports from Gujarat
The ninth edition of the Vibrant Gujarat summit would focus more on trade and commerce, along with investments, Manoj Kumar Das, Principal Secretary to the Gujarat Chief Minister, said on Friday.
Reliance pips TCS to become most-valued firm on D-Street, stock rises 2%
Reliance Industries (RIL) Friday rallied over 2 per cent helping the oil-to-telecom major pip Tata Consultancy Services (TCS) to become the most-valued company in terms of market capitalisation. At the end of trade on the BSE, RIL's market capitalisation was Rs 7,14,668.54 crore, while India's largest IT firm by revenue TCS slipped to the second spot with a valuation of Rs 7,06,292.61 crore. Stock of RIL settled 2.79 per cent higher at Rs 1,127.50. The scrip had opened at Rs 1,096.10, then gained further ground and touched an intra-day high of Rs 1,129.30, up 2.95 per cent, over its previous closing price. The stock of TCS closed at Rs 1,882.25, up 0.9 per cent, from the previous closing. In intra-day, it had a high of Rs 1,898.55 and a low of Rs 1,868. Over the past few months, RIL and TCS are competing with each other to claim the number one position in terms of market capitalisation. RIL had on August 23, 2018 became the first Indian company to cross the Rs 8 lakh crore market ...
Tenon Group marks a new chapter; announces new office in Gurgaon
Tenon Group, a trusted source known for providing the best in class security and facility management services around the world, strengthened its commitment to offering world-class security & facility management (FM) services and job opportunities with the opening of an expanded corporate office in Gurgaon.The strong demand for security and facility management by large corporations and retail establishments across the country is driving the expansion of the Indian security and FM services industry, one of the country's fastest growing.The new corporate office reflects Group's global vision and strategy to align and synergize their various business verticals present across geographies and help to expand the company's organic and strategic growth. Tenon Group has a significant presence in India with 70+ offices in 200+ cities, the company plans to hire additional employees in India as the company continues to grow internationally."Workplaces reflect the values at the core of a ...
Oil heads for week of losses despite talk of supply cut
LONDON (Reuters) - Oil rose on Friday on expectations that OPEC and its allies would agree to cut output next month but prices were still down on the week on concerns that the global market was oversupplied.
Infosys stock slips 1% after interim CFO appointment
Shares of Infosys Friday slipped by 1 per cent after the IT major appointed Jayesh Sanghrajka as the interim chief financial officer (CFO). The stock on the BSE settled at Rs 650.45, registering a decline of 0.9 per cent. It had dropped 1.82 per cent to Rs 644.4, its lowest level during the trading hours. On the NSE, the scrip plunged 0.67 per cent to close at Rs 652. In the intra-day trade, the stock had touched a low of Rs 644.20 and a high of Rs 662.50. In terms of equity volume, a total of over 93 lakh shares were traded during the day on both exchanges. Infosys on Thursday named Sanghrajka as the interim CFO. The appointment was done after his predecessor M D Ranganath surprisingly resigned in August, raising questions over the stability at the country's second largest IT services firm. The board is in the process of selecting the next CFO and named Sanghrajka as the interim CFO Thursday. Infosys has seen a number of senior-level exits including Rajesh Krishnamurthy (former ...
SAP defends $8 billion Qualtrics deal
BARCELONA (Reuters) - Germany's SAP hit back at suggestions that the German business software group is paying too much for Qualtrics, a U.S. company that specialises in tracking consumer sentiment online.