Page 1839 - Business Finance
ECB's Draghi raises prospect of slower inflation as outlook clouds
FRANKFURT (Reuters) - The European Central Bank still plans to dial back stimulus at the end of the year, but inflation may rise more slowly than earlier expected, ECB President Mario Draghi said on Friday.
Infibeam Avenues Ltd leads losers in 'A' group
Yes Bank Ltd, Dewan Housing Finance Corporation Ltd, Reliance Infrastructure Ltd and Power Finance Corporation Ltd are among the other losers in the BSE's 'A' group today, 16 November 2018.
Deepak Fertilisers drops as IT Department carries search operations
Deepak Fertilisers & Petrochemicals Corporation fell 2% to Rs 179.20 at 14:39 IST on BSE after the company informed that the Income Tax Department is carrying out search and seizure operations in the company's office premises and plants.
Volkswagen CEO to take on company's China business as well: Handelsblatt
BERLIN (Reuters) - Volkswagen's Herbert Diess will take on the responsibilities for the carmaker's China business in addition to his duties as group CEO, Handelsblatt daily reported on Friday, as the company's supervisory board met in Wolfsburg.
All telcos, except Jio, fail Trai's call drop test on select highway, rail routes
All telecom operators, except Reliance Jio, failed to meet call drop benchmark in drive test conducted by sector regulator Trai on different highway and rail routes, says a report. According to a Trai report published Thursday, while network performance of telcos differed on highways, none of them, except RJio, could meet call drop benchmark on the three rail routes covered under the test. "Only RJio is meeting quality of service benchmark of drop call rate ...," the report said. According to the quality of service rules, not more than 2 per cent of total calls in a telecom circle on a network should automatically get disconnected. The highways between Asansol to Gaya, Digha to Asansol, Gaya to Danapur, Bengaluru to Murdeshwar, Raipur to Jagdalpur, Dehradun to Nainital, Mount Abu to Jaipur and Sri Nagar to Leh were covered in the test. Railway routes between Allahabad to Gorakhpur, Delhi to Mumbai and Jabalpur to Singrauli were covered. Either 3G or 2G network of Bharti Airtel, ...
Automation Anywhere raises $300 mn from SoftBank Vision Fund
Automation Anywhere, a provider of robotic process automation (RPA), Friday said it has raised USD 300 million (about Rs 2,154 crore) from the SoftBank Vision Fund. The funding is subject to regulatory approvals and satisfaction of other customary closing conditions and is an expansion to the company's series A round announced in July, Automation Anywhere said in a statement. In July, Automation Anywhere had said it had raised USD 250 million in funding, led by New Enterprise Associates and Goldman Sachs Growth Equity. RPA technology refers to use of software robots (bots) to automate business processes that are currently managed manually by human workers. "RPA is the most pervasive and frictionless path to delivering AI technologies across the enterprise, and is revolutionising the way people work. With this additional capital, we are in a position to do far more than any other provider," Automation Anywhere CEO and co-founder Mihir Shukla said. Praveen Akkiraju, managing partner at .
Take Solutions Ltd leads losers in 'B' group
Global Offshore Services Ltd, PAE Ltd, Vardhman Polytex Ltd and Linc Pen & Plastics Ltd are among the other losers in the BSE's 'B' group today, 16 November 2018.
Volumes jump at Bajaj Holdings & Investment Ltd counter
Bajaj Holdings & Investment Ltd witnessed volume of 3.68 lakh shares by 14:14 IST on NSE, a 41.51 times surge over two-week average daily volume of 8868 shares
BMC spent Rs 13.59 cr to prepare revised DP plan: RTI
An RTI plea has found that the Brihanmumbai Municipal Corporation (BMC) spent Rs 13.59 crore to come up with a revised Development Plan 2034 for Mumbai. The civic body had to come up with a revised DP after the first one, developed under then municipal commissioner Sitaram Kunte, was presented in February 2015 and received flak from several segments of society. Later, Maharashtra Chief Minister Devendra Fadnavis asked the BMC to come up with a new DP by incorporating objections and suggestions of the public. The revised DP got the state government's nod this week. The Right to Information plea, filed by city-based activist Anil Galgali, found that, of the total expenses, Rs 46.55 lakh was paid to Ramnath Jha as remuneration for being the Officer on Special Duty overseeing the DP preparation. A sum of Rs 1.26 crore was spent on uploading the DP onto the BMC's website while another Rs 46 lakh was spent to print the plan. The RTI reply revealed that ex-IAS official Gautam .
ECB's Draghi raises prospect of slower inflation pick-up amid 'uncertainties'
FRANKFURT (Reuters) - European Central Bank President Mario Draghi on Friday reaffirmed plans to dial back stimulus at the end of the year but also voiced caution about the growth outlook, warning that the pick up in inflation may be slower than earlier expected.
Hong Kong's growth cools; outlook clouded by trade war, rate hikes
HONG KONG (Reuters) - Hong Kong's economic growth slowed further in the third quarter and is expected to face additional headwinds amid trade tensions between Beijing and Washington and higher interest rates, posing broader risks to growth in the Asian financial hub next year.
SAP expects to expand margins after Qualtrics deal: CFO
BARCELONA (Reuters) - Germany's SAP still expects its margins to expand after its $8 billion takeover of Qualtrics, a U.S. company that specialises in tracking the sentiment of consumers online, Chief Financial Officer Luka Mucic said on Friday.
Over 6 mn '8X' smartphones sold globally: Honor
Chinese smartphone maker Huawei's online focused sub-brand Honor on Friday announced that it sold over 6 million units of the recently launched "Honor 8X" globally, becoming the top "Singles Day" performer in terms of sales volume and revenue under the smartphone category.
Welspun Corp bags large order for supply of pipes for oil & gas project
Additionally, the company has also received orders in Oil & Gas and Water sectors in India.
Hong Kong third-quarter GDP grows 2.9 percent, outlook clouded by trade war
HONG KONG (Reuters) - Hong Kong's economy grew 2.9 percent in the third quarter from a year earlier, the government said on Friday, boosted by steady consumer spending, but the outlook for the city is overshadowed by trade tensions between Washington and Beijing.
Australia goes to WTO over India's sugar subsidy
Australian Trade Minister Simon Birmingham on Friday announced that his country was taking legal action against India at the World Trade Organisation (WTO) over its sugar subsidy scheme which he said has the global market in a spin and risks pushing many Australian growers beyond the financial point of no return.
Two agencies to be appointed for template on FTA negotiations in future: Prabhu
Commerce and Industry Minister Suresh Prabhu Friday said that two independent agencies would be appointed for preparing a template to negotiate free trade agreements (FTAs) in future. He said that the country would now have a completely new approach towards negotiating these agreements. "We are appointing two independent agencies, who will talk to all the stakeholders...it is a first major change. This will be a new template which will emerge for all future negotiations and we are working on it," he said here at a function. The announcement assumes significance as concerns have been raised by industry, exporters and trade experts on FTAs being implemented by India. They say that these pacts have significantly benefited India's trading partners but not Indian industry. Several sectors, including steel, have demanded that they be removed from the purview of such agreements as these lead to dumping and significant jump in imports. Under an FTA, two trading partners significantly reduce ..
Gold falls on muted demand; silver steady
Gold fell by Rs 235 to Rs 32,015 per 10 gram at the bullion market Friday on muted demand from local jewellers amid appreciating rupee. Silver, however, held steady at Rs 37,900 per kg on scattered enquiries from industrial units and coin makers. Traders said fall in demand from local jewellers as well as retailers largely dragged down gold prices, but a firm trend overseas, capped the fall. The appreciating rupee, making imports cheaper, also fuelled the downtrend in the precious metal prices, they added. The rupee strengthened by 25 paise to 71.72 against the dollar (intra-day) in the forex market Friday. In the national capital, gold of 99.9 per cent and 99.5 per cent purity dropped by Rs 235 each to Rs 32,015 and Rs 31,865 per 10 gram, respectively. The precious metal had risen Rs 350 Thursday. Sovereign gold, however, remained flat at Rs 24,800 per piece of 8 gram. Globally, gold rose 0.17 per cent to USD 1,216.10 an ounce, while silver edged up 0.14 per cent to USD 14.39 an ...
Board of Acrysil approves sub-division of shares
At meeting held on 16 November 2018
Mahindra & Mahindra to hike price of Marazzo
With effect from 01 January 2019