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Page 1836 - Business Finance

SREI Infrastructure Finance consolidated net profit rises 28.99% in the September 2018 quarter

Sales rise 26.39% to Rs 1667.90 crore

Updated On : 16 Nov 2018 | 5:04 PM IST

TechNVision Ventures consolidated net profit rises 141.82% in the September 2018 quarter

Sales rise 68.33% to Rs 21.95 crore

Updated On : 16 Nov 2018 | 5:04 PM IST

Karnataka may cancel NMDC's Donimalai mine lease in levy dispute

NEW DELHI (Reuters) - The government of Karnataka on Friday warned NMDC Ltd that it will cancel the lease of its Donimalai iron ore mine if the state-owned miner refuses to pay an additional levy on the sale of its ore.

Updated On : 16 Nov 2018 | 4:55 PM IST

Sensex and Nifty close at over six-week high; Reliance Industries, HDFC climb

(Reuters) - Indian shares posted their best close in more than six weeks on Friday, powered by gains in Reliance Industries Ltd, the country's biggest company by market value.

Updated On : 16 Nov 2018 | 4:55 PM IST

GAIL might buy some wind energy assets of IL&FS: sources

NEW DELHI (Reuters) - Gas utility GAIL (India) Ltd might be interested in buying some of the wind assets of debt-laden Infrastructure Leasing and Financial Services (IL&FS) but has yet to have any discussion on the matter, two sources from GAIL said on Friday.

Updated On : 16 Nov 2018 | 4:55 PM IST

Hong Kong economy cools as trade tension mounts

Hong Kong's economic growth slowed in the latest quarter and the government warned it could face headwinds from US-Chinese trade tension and higher interest rates. Government data Friday showed the Chinese territory's economy expanded by 2.9 per cent over a year earlier, down from the previous quarter's 3.5 per cent. Exports rose 5 per cent over a year earlier, but the government said the impact of trade tension and weaker global demand "has begun to surface" and is "likely to become more apparent in the near-term." The government said Hong Kong also faces a drag from higher interest rates. The Hong Kong dollar has a fixed exchange rate with the US dollar, which requires the central bank to raise interest rates along with the US Federal Reserve even though economic growth is slowing.

Updated On : 16 Nov 2018 | 4:35 PM IST

Quick Wrap: Nifty PSU Bank Index gains 2.03%

Updated On : 16 Nov 2018 | 4:31 PM IST

Market trades in a range

Shares turned range bound in mid-afternoon trade. At 14:20 IST, the barometer index, the S&P BSE Sensex, was up 191.22 points or 0.54% at 35,451.76. The Nifty 50 index was up 45.90 points or 0.43% at 10,662.60. Most housing finance stocks declined.

Updated On : 16 Nov 2018 | 4:31 PM IST

Benchmarks advance on positive global shares, rupee recovery

The market settled with decent gains, boosted by a firmness in Reliance Industries and HDFC twins. The barometer index, the S&P BSE Sensex, rose 196.62 points or 0.56% to 35,457.16, as per the provisional closing data. The Nifty 50 index rose 65.50 points or 0.62% to 10,682.20, as per the provisional closing data. Positive global shares, healthy macro-economic trade data along with a slight recovery in rupee supported gains in today's trade.

Updated On : 16 Nov 2018 | 4:16 PM IST

Sensex gains nearly 200 points; telecom stocks rise

Broadly positive global markets, healthy macro-economic trade data and a slight recovery in the rupee aided the barometer S&P BSE Sensex to end with gains close to 200 points.

Updated On : 16 Nov 2018 | 4:15 PM IST