Page 1990 - Business Finance

EU could impose sanctions if no deal with Rome, but no decision yet - Moscovici

BRUSSELS (Reuters) - The European Commission could impose sanctions on Italy as a last resort if Rome does not reach a deal on its rule-breaking budget, but Brussels wants to avoid that option, the EU's economics commissioner said on Tuesday.

Sensex, Nifty give up most gains; banks drag

(Reuters) - Indian shares erased most of their earlier gains to end little changed on Tuesday, with gains in IT and energy stocks slightly outweighing losses in banking counters.

Pakistan needs IMF bailout, panda bond issue, Habib Bank CEO says

BEIJING (Reuters) - Pakistan needs to seek a bailout from the International Monetary Fund (IMF) and make "hard decisions" to avoid going back again, said Muhammad Aurangzeb, chief executive officer of Habib Bank Ltd, the country's biggest lender.

Sensex ekes out gains to end just shy of 35,000-mark; Nifty flat

Mixed global cues and a recovery in the domestic currency helped the S&P BSE Sensex eke out meagre gains, ending the day just below the 35,000-mark on Tuesday.

Sensex ends Samvat 2074 7 pc higher

Benchmark indices ended a highly volatile session in the green Tuesday on firm Asian cues, ending the Samvat year 2074 higher by over 7 per cent. The benchmark Sensex has gained 2,407.56 points, or 7 per cent, in the Hindu Samvat year 2074, while the broader NSE Nifty rose by 319.15 points, or over 3 per cent. In Tuesday's session, the Sensex commenced higher at 35,076.24 points and continued its upward march to hit a high of 35,196.03. However, profit-booking in the last one hour of trading, in line with losses in European markets, wiped-off most Sensex gains as it hit a low of 34,889.72 and settled at 34,991.91 points, up 40.99 points or 0.12 per cent. The gauge had lost over 60 points Monday. Similarly, the broader NSE Nifty, after shuttling between 10,600.25 and 10,491.45 points, ended the last session of Samvat 2074 with a rise of 6 points, or 0.06 per cent, to end at 10,530. Sentiments were also influenced by positive cues from other Asian markets, supported by Wall Street ...

Market provisionally settles with small gains

Amid a divergent trend among various index constituents, the key benchmark indices provisionally settled with small gains. The barometer index, the S&P BSE Sensex, rose 40.99 points or 0.12% at 34,991.91, as per the provisional closing data. The Nifty 50 index rose 6 points or 0.06% at 10,530, as per the provisional closing data.

Charm-bracelet maker Pandora warns again on sales

COPENHAGEN (Reuters) - Danish charm-bracelet maker Pandora cut its 2018 sales outlook for a second consecutive quarter and ditched its long-term revenue ambition as the leaderless company struggles to regain its edge.

Analysis: Private Chinese companies worry Beijing is more focused on big state firms

BEIJING (Reuters) - An unprecedented convergence of economic stresses this year is weighing on China's once vibrant private sector, compelling some entrepreneurs to question the effectiveness - and true intent - of Beijing's policies.

India voices concern to China over large trade deficit

India on Tuesday voiced its concern to China over the large trade deficit with it which has climbed to over USD 51 billion, and underlined the need to boost bilateral trade in IT services, agriculture products, pharmaceuticals and tourism sectors in which it has proven strength and global presence but miniscule presence here. The bilateral trade between India and China rose by 18.63 per cent year-on-year and reached a historic high of USD 84.44 billion last year. But the trade deficit too continue to remain high at USD 51.75 billion in 2017. Commerce Secretary Anup Wadhawan, who is visiting Shanghai to attend the China International Import Expo (CIIE) here, met Wang Shouwen Vice Minister of China's Commerce Minister and discussed bilateral trade issues. He also expressed satisfaction over the progress made in talks regarding the export of soya bean meal and pomegranate from India, according to an Indian Embassy release here. "The Commerce Secretary while expressing concern regarding ..

Global stocks, dollar hunker down for U.S. midterm elections

LONDON (Reuters) - European shares ticked lower and the dollar and bond markets barely budged on Tuesday, as traders braced for midterm elections in the United States and some potentially lively sessions ahead.

Morrisons' sales growth slows over last three months

LONDON (Reuters) - Shares in Morrisons dipped on Tuesday after Britain's fourth largest supermarket group reported growth had slowed from the previous quarter and came in below analysts' forecasts.

PC Jeweller Ltd leads losers in 'A' group

Balkrishna Industries Ltd, Vedanta Ltd, NMDC Ltd and Cipla Ltd are among the other losers in the BSE's 'A' group today, 06 November 2018.

Graphite India Board approves dividend

Of Rs 20 per share

B.C. Power Controls Ltd leads losers in 'B' group

Vardhman Polytex Ltd, Sheela Foam Ltd, Usha Martin Ltd and Vipul Ltd are among the other losers in the BSE's 'B' group today, 06 November 2018.

Volumes jump at Mahindra Logistics Ltd counter

Mahindra Logistics Ltd witnessed volume of 2.91 lakh shares by 14:14 IST on NSE, a 17.99 times surge over two-week average daily volume of 16192 shares

PVV Infra receives Works Order from L&T

On 06 November 2018

Sensex, Nifty sink in negative zone

Key indices dipped in negative zone in mid-afternoon trade, erasing intraday gains on selling pressure in index pivotals. At 14:28 IST, the barometer index, the S&P BSE Sensex, was down 31.62 points or 0.09% at 34,919.30. The Nifty 50 index was off 18.55 points or 0.18% at 10,505.45. FMCG stocks declined. Cement stocks fell.

China's export machine to keep humming ahead of stiffer U.S. tariffs: Reuters poll

BEIJING (Reuters) - China's exports are expected to have expanded at a healthy clip in October as businesses frontloaded orders before higher U.S. tariffs set in at the turn of the year, a Reuters poll showed.

Lease deed of NMDC's Donimalai iron ore mine renewed for 20 yrs

State-owned NMDC Tuesday announced the renewal of lease deed of Donimalai iron ore mine in Karnataka for 20 years. "Lease deed of Donimalai iron ore mine of NMDC expired on November 3....The Karnataka state government has already renewed the lease deed of Donimalai mine for 20 years," the company said in a statement. Other formalities are in process, the statement added. NMDC is the country's single largest iron ore producer, producing about 30 million tonne of iron ore from three fully mechanised mines which also include Donimalai mine.

Indian apparel, personal appliances top sellers of Snapdeal's Diwali sale

Snapdeal's sharp focus on building its four Mega Diwali sales around the traditional Diwali shopping lists of Indian families, has led to a 2.5-fold jump in festive business volumes for the e-commerce marketplace.Sharing the trends from its four Mega Diwali sales, conducted between October 10 and November 4, Snapdeal has announced that home and kitchen products, personal use appliances and traditional Indian wear for women (Sarees and Suits) were the highest selling items on its platform.A large majority of Snapdeal's buyers focused on buying goods for the home, with top-sellers including water purifiers, gas stoves, pressure cookers and utensils, fridge organisers, cotton bed sheets, tea-coffee mugs and designer curtains.For Diwali, buyers picked a range of traditional and new products like LED light strings, fragrant tea lights, sky lanterns, Toran hangings, Rangoli colors and gold and silver plated utensils.Indian traditional wear for women was the highest selling fashion item for .