Page 1843 - Business Finance
Lead rises 0.36% in futures trade on spot demand, global cues
Lead prices edged up by 0.36 per cent to Rs 139.45 per kg in futures trade Friday as traders enlarged bets amid firm demand at the domestic spot markets and positive overseas cues. Lead to be delivered this month was trading higher by 50 paise, or 0.36 per cent Rs 139.45 per kg at the Multi Commodity Exchange. It clocked a business volume of 417 lots. The rise in lead prices at futures trade was mostly supported by rising demand from battery makers at the domestic spot markets and a firm trend in base metals overseas, analysts said.
Silver futures remain firm on global cues
Silver prices spurted Rs 187 to Rs 36,894 per kg in futures trade Friday as participants engaged in enlarging their positions, tracking a firm trend overseas. Besides, pick-up in demand at the domestic spot market from local jewellers as well as retailers too supported the upside. At the Multi Commodity Exchange, silver for delivery in November was trading higher by Rs 187, or 0.51 per cent at Rs 36,894 per kg in a business turnover of 1,043 lots. Also, silver for delivery in December gained Rs 179, or 0.49 per cent, to Rs 36,870 per kg with a bsuiness turnover of 1,143 lots. Market analysts said widening of bets by speculators in sync with a firm trend in global markets for precious metals, supported the upside in silver prices at futures trade here. In the international market, silver was up by 0.14 per cent at USD 14.39 an ounce in Singapore Friday.
Citrix acquires micro app platform Sapho
Desktop virtualisation leader Citrix on Friday announced the acquisition of Sapho, a leading micro app platform, for an undisclosed sum.
Venus Remedies Ltd leads gainers in 'B' group
Gujarat Apollo Industries Ltd, Indian Hume Pipe Company Ltd, Spice Mobility Ltd and North Eastern Carrying Corporation Ltd are among the other gainers in the BSE's 'B' group today, 16 November 2018.
Merchandise export volume expected to increase to USD 100 billion after the implementation of RCEP agreement: PHD Chamber
The trade pact will open new avenues for Indian exporters in the RCEP economies and export potential is anticipated to be realised, said Mr. Talwar. Though imports are significantly higher than the exports to RCEP nations, trade pact with RCEP would provide better market access and benefit our exports, he said. Currently our merchandise export volume is USD 61 billion which is expected to increase to USD 100 billion in very few years after the implementation of RCEP agreement, said Mr. Talwar. Besides, we have tremendous scope to boost our services exports in the RCEP member nations.
Asia markets mostly up at end of volatile week, pound struggles
Asian markets mostly rose Friday but fluctuated as investors weighed China-US trade speculation, while the pound struggled to recover from the previous day's Brexit bruising. As a volatile week drew to a close, some stability emerged in the oil sector with earlier sharp losses tailing off, providing relief to regional energy firms. Hopes that the world's top two economies are making efforts to resolve their painful tariffs standoff provided support to global markets, though conflicting reports were keeping any optimism in check. On Thursday it was reported that China had handed the US a number of trade concessions as part of a move to smooth relations ahead of a G20 summit where Donald Trump is expected to meet Chinese President Xi Jinping. The Financial Times also said the two sides were stepping up efforts and that US Trade Representative Robert Lighthizer had told business leaders the next round of tariffs would be put on hold. While Lighthizer's office denied that, observers said .
Prime Securities consolidated net profit rises 6.32% in the September 2018 quarter
Sales rise 53.69% to Rs 9.36 crore
Sanghvi Forging & Engineering reports standalone net loss of Rs 3.44 crore in the September 2018 quarter
Sales decline 26.66% to Rs 10.04 crore
Cineline India standalone net profit declines 6.87% in the September 2018 quarter
Sales rise 8.90% to Rs 6.36 crore
Arms Paper reports standalone net profit of Rs 0.04 crore in the September 2018 quarter
Sales rise 561.90% to Rs 8.34 crore
TCFC Finance standalone net profit rises 10.59% in the September 2018 quarter
Sales rise 369.62% to Rs 34.94 crore
The Byke Hospitality standalone net profit declines 5.18% in the September 2018 quarter
Sales rise 1.50% to Rs 29.85 crore
Teesta Agro Industries standalone net profit rises 110.00% in the September 2018 quarter
Sales rise 37.59% to Rs 27.82 crore
Continental Petroleums standalone net profit declines 56.25% in the September 2018 quarter
Sales decline 42.86% to Rs 6.64 crore
NBCC (India) consolidated net profit declines 10.44% in the September 2018 quarter
Sales rise 3.57% to Rs 1366.41 crore
Ducon Infratechnologies standalone net profit rises 120.00% in the September 2018 quarter
Sales rise 10.68% to Rs 103.53 crore
Rajputana Investment & Finance reports standalone net loss of Rs 0.01 crore in the September 2018 quarter
Reported sales nil
Anup Malleables standalone net profit rises 100.88% in the September 2018 quarter
Sales rise 154.55% to Rs 8.40 crore
United Breweries standalone net profit rises 74.52% in the September 2018 quarter
Sales rise 19.25% to Rs 1525.95 crore
Svaraj Trading & Agencies standalone net profit rises 51.85% in the September 2018 quarter
Sales rise 11.54% to Rs 0.29 crore