Page 1991 - Business Finance
Graphite India gains after robust Q2 outcome
Graphite India rose 1.11% to Rs 980.65 at 14:21 IST on BSE after consolidated net profit surged 980.58% to Rs 1,113 crore on 344.13% spurt in net sales to Rs 2,345 crore in Q2 September 2018 over Q2 September 2017.
Gold loses sheen, down Rs 80 on weak trend overseas
Gold prices fell by Rs 80 to Rs 32,610 per 10 grams at the bullion market Tuesday due to easing demand from local jewellers as well as retailers amid weak trend overseas. Silver followed suit and dropped by Rs 240 to Rs 39,300 per kg on poor offtake by industrial units. Traders said the slide in gold price was attributed to absence of follow up buying support post 'Dhanteras' from jewellers and retailers coupled with a weak trend in global market. Dhanteras is considered to be an auspicious day for buying gold, silver and other valuables and is largely celebrated in northern and western parts of India. Globally, gold fell by 0.15 per cent to USD 1,229.30 an ounce in Singapore. In the national capital, gold of 99.9 and 99.5 per cent purity traded lower by Rs 80 each to Rs 32,610 and Rs 32,460 per 10 grams respectively. The precious metal had gained Rs 60 in the past two days on the back of pick up in demand on the occasion of 'Dhanteras'. Sovereign gold, however, held steady at Rs ...
Creating Value for Business, Fashion Products Highlight Market-driven Design at 124th Canton Fair
/ -- The 124th China Import and Export Fair (Canton Fair), has gathered more than 8,600 companies from the areas of textiles and garments, shoes, cases and bags, recreational products, medicine and healthcare products and food to showcase their market-driven ideas and designs to global buyers during its Phase 3 exhibition. "The Canton Fair is linking global demands with local designing and manufacturing capabilities, and now we can see that the design of the products displayed during Phase 3 of the Canton Fair are in accordance with the structural changes in the consumer market, which also match global buyers' needs," said Maggie Pu, Deputy Director General of the Foreign Affairs Office at Canton Fair. "We are privileged to witness the progress our exhibitors and buyers have made through their visit to the Canton Fair." Coming from the largest country in the global textile and garment industry with the most complete industrial chain and categories, exhibitors from the Textile and ...
Hyundai backs start-up to bring deep learning to autonomous cars
Aiming to bring deep learning (DL) technology to autonomous cars, Hyundai Center for Robotic-Augmented Design in Living Experience (CRADLE) on Tuesday announced a strategic investment in Israel-based start-up allegro.ai that specialises in DL-based computer vision.
Gold prices little changed before U.S. midterm elections
BENGALURU (Reuters) - Gold prices were little changed on Tuesday ahead of the U.S. midterm elections that may fuel interest in the metal as a hedge against risk if the result sparks volatility in the wider financial markets.
Malaysia's Anwar says wanted 1MDB suspect to get fair trial
Leading Malaysian politician Anwar Ibrahim says a fugitive tycoon accused of ransacking a state investment fund will be given a fair trial, while hinting that more former officials could be tried on corruption charges. Malaysian and US prosecutors have charged Low Taek Jho, also known as Jho Low, for his alleged role in an epic money laundering and bribery scheme that pilfered billions of dollars from the indebted 1MDB fund. Attending an economic forum in Singapore, Anwar said Tuesday he was "quite pleased" with the developments in the case so far and that investigations in the US, Malaysia and Singapore and other places were "progressing very well." The new Malaysian government has brought multiple corruption cases against former Prime Minister Najib Razak and officials in his administration.
Surprise rise in German orders eases growth concerns
BERLIN (Reuters) - German industrial orders rose unexpectedly in September, driven by bulk orders and higher demand from domestic and other euro zone clients, data showed on Tuesday, suggesting Europe's largest economy ended the third quarter on a solid footing.
Sensex up 200 points on rupee recovery
Amid a slight recovery in the domestic currency and mixed global cues the benchmark Sensex gained over 200 points during the afternoon session of the trade on Tuesday.
Market firms up on broad based buying support
Key benchmarks firmed up in afternoon trade. At 13:19 IST, the barometer index, the S&P BSE Sensex, was up 186.22 points or 0.53% at 35,137.14. The Nifty 50 index was up 46.85 points or 0.45% at 10,570.85.
Oil prices fall on Iran sanction exemptions, economic concerns
SINGAPORE (Reuters) - Oil prices fell on Tuesday, weighed down by sanction exemptions from Washington that will allow Iran's biggest oil customers to keep importing from Tehran, as well as by concerns that an economic slowdown may curb fuel demand growth.
Silver futures up Rs 56 as speculators create position
Silver prices rose by Rs 56 to Rs 38,448 per kg in futures trade Tuesday after speculators built up positions amid firm trend overseas. At the Multi Commodity Exchange, silver for current month was trading up by Rs 56, or 0.15 per cent, to Rs 38,448 per kg with a business turnover of 393 lots. The metal for delivery in December was also trading higher by Rs 51, or 0.13 per cent, to Rs 38,410 per kg in 205 lots. Analysts said the rise in silver prices at futures trade was due to building up of positions by participants, tracking a firm trend overseas. Globally, silver was edged up by 0.03 per cent at USD 14.71 an ounce in Singapore.
Chana futures rise 2% on robust demand
Chana prices rose 2 per cent to Rs 4,289 per quintal in futures trading Tuesday as speculators created huge positions, supported by soaring demand from dal mills at the spot market. Chana for November was trading higher by Rs 84, or 2 per cent, to Rs 4,289 per quintal with an open interest of 19,890 lots at the National Commodity and Derivatives Exchange. Similarly, the commodity for December gained Rs 60, or 1.41 per cent, to quote at Rs 4,314 per quintal in 51,220 lots. Analysts attributed the rise in chana prices in futures trade to widening of positions by speculators, tracking a firm trend at the domestic spot market on strong demand from dal mills.
Gold goes up by Rs 26 in futures trade
Gold pries edged up by Rs 26 to Rs 31,728 per 10 grams at the futures market on Tuesday as participants widened their bets even as metal weakened overseas. At the Multi Commodity Exchange, gold to be delivered in December up by Rs 26, or 0.08 per cent to trade at Rs 31,728 per 10 grams in a business turnover of 89 lots. According to analysts, raising of bets by speculators at current levels mainly pushed up gold prices at futures trade here but a subdued trend overseas, limited the gains. Globally, gold was trading lower by 0.15 per cent at USD 1,229.30 an ounce in Singapore.
German industrial orders rise on strong domestic, euro zone demand
BERLIN (Reuters) - German industrial orders rose unexpectedly in September driven by higher demand from domestic and other euro zone clients, data showed on Tuesday, suggesting that Europe's largest economy ended the third quarter on a solid footing.
Global Markets: Asian shares edge higher, investors brace for U.S. elections
TOKYO (Reuters) - Asian shares inched up on Tuesday, supported by Wall Street gains although momentum was tempered ahead of the U.S. midterm elections, the first major electoral test of President Donald Trump's big tax cuts and hostile trade policies.
Nickel up on firm demand, positive global cues
Nickel prices moved up by Rs 6.70 to Rs 862.20 per kg in futures market on Tuesday after speculators enlarged positions, tracking a firm trend in spot markets on increased demand from alloy-makers. Besides, a firm trend in select base overseas, too, supported the upside. At the Multi Commodity Exchange, nickel to be delivered this month was trading higher by Rs 6.70, or 0.78 per cent to Rs 862.20 per kg, with a business turnover of 687 lots. The rise in nickel prices at futures trade was mostly attributed to raising of bets by participants on strong demand in the spot markets amid positive global cues.
Spot demand lifts zinc futures by 0.51 per cent
Zinc prices inched up by 0.51 per cent to Rs 187.75 per kg in futures trade on Tuesday as traders created fresh positions following pick up in demand in the spot markets amid positive overseas cues. In futures trading at the Multi Commodity Exchange, zinc for delivery in current month traded higher by 95 paise, or 0.51 per cent, at Rs 187.75 per kg in business turnover of 266 lots. Market analysts said apart from positive overseas cues, rising demand from consuming industries in spot markets led to rise in zinc futures here.
Mentha oil goes up 0.33 per cent on rising spot demand
Mentha oil prices were higher by 0.33 per cent to Rs 1,746.90 per kg in futures trading on Tuesday after speculators widened their bets, driven by a firm trend at spot markets on uptick in demand. Mentha oil for delivery in November was trading higher by Rs 5.80, or 0.33 per cent to Rs 1,746.90 per kg in business turnover of 38 lots. Marketmen attributed the rise in mentha oil prices at futures trade to raising of positions by participants in line with a firm trend at the physical markets on pick up in demand from consuming industries.
Bajaj Finserv Ltd spurts 1.44%, rises for third straight session
The stock is quoting at Rs 5649.95, up 1.44% on the day as on 12:49 IST on the NSE. Bajaj Finserv Ltd is up 13.43% in last one year as compared to a 2.14% gain in NIFTY and a 4.48% gain in the Nifty Financial Services index.
Reliance Industries Ltd rises for third consecutive session
The stock is quoting at Rs 1107.6, up 1.59% on the day as on 12:49 IST on the NSE. Reliance Industries Ltd is up 22.16% in last one year as compared to a 2.14% jump in NIFTY and a 0.13% jump in the Nifty Energy index.