Page 1992 - Business Finance
Corrected: German industrial orders rise on strong domestic, euro zone demand
(Corrects Q3 figure in fourth paragraph to -1.0 percent from -0.1 percent)
Impact Investing Firm Aavishkaar Wins Sustainability and Operational Excellence Challenge
/ -- Aavishkaar wins challenge for their work with Waste Management firm - NEPRA The EMPEA Institute's third annual Sustainability and Operational Excellence Challenge, award was conferred on Aavishkaar the global impact investing pioneer for outstanding sustainable impact from an operational, environmental, social and governance perspective. The award recognized Aavishkaar for its role in value creation for their investment in Nepra Resource Management, which diverts waste away from landfills by following a very scalable model of recycling dry waste (recyclables such as plastics, glass and paper), while positively impacting the livelihoods of waste pickers in India. Aavishkaar secured 71% votes from a global audience of over 250 leading emerging market private capital investors convened at the EMPEA Sustainable Investing in Emerging Markets summit. Denham Capital for its investment in Rio Energy and IFC and IFC Asset Management Company (AMC) for their investment in Bandhan Bank ...
Muted demand drags down refined soya oil futures by 0.25%
Refined soya oil prices drifted lower by 0.25 per cent to Rs 752.80 per 10 kg in futures trading Tuesday as traders reduced exposure amid fall in demand at the physical market. At the National Commodity and Derivatives Exchange, refined soya for delivery in December fell by Rs 1.90, or 0.25 per cent, to Rs 752.80 per 10 kg with an open interest of 43,030 lots. The oil for delivery in January next year fell by a similar margin to trade at Rs 755 per 10 kg in 5,930 lots. Market analysts said offloading of positions by participants on the back of easing demand in the physical market against sufficient stocks position pushed down refined soya oil prices.
Glenmark Pharmaceuticals Ltd spurts 4.6%, gains for fifth straight session
The stock is quoting at Rs 660, up 4.6% on the day as on 12:44 IST on the NSE. Glenmark Pharmaceuticals Ltd is up 9.55% in last one year as compared to a 2.08% jump in NIFTY and a 0% jump in the Nifty Pharma.
Fair and Transparent Public Procurement Will Protect Revenues Of State Says FM
Procurement, based on the principles of fairness, transparency and public interest, will protect the revenues of the State and make sure that they are used for optimal purpose, said the Union Minister for Finance and Corporate Affairs Arun Jaitley. Jaitley was delivering the Keynote Address at the National Conference on Public Procurement & Competition Law in New Delhi yesterday.
Premier Explosives bags order from IAI
On 06 November 2018
PNB Housing firms up after strong Q2 earnings
PNB Housing Finance rose 2.46% to Rs 894.75 at 12:32 IST on BSE after consolidated net profit rose 33.12% to Rs 252.99 crore on 41.89% increase in total income to Rs 1808.26 crore in Q2 September 2018 over Q2 September 2017.
Hong Kong Stocks gain 0.6%
Hopes that trade tensions between Beijing and Washington would ease were encouraged on Tuesday morning, as vice president Wang Qishan said China is ready for talks with the United States. Wang's remarks came after a phone call between U.S. President Donald Trump and Chinese President Xi Jinping last week and ahead of the two leaders' meeting at a G20 summit later in November.
China Market falls 0.5%
Recent turmoil in the Chinese mainland stock market and changes to the regulations have spurred a strong trend of stock buybacks on the A-share market, as companies move to inject confidence in their stocks. The number of companies that have announced plans to repurchase their stocks as well as the total value involved have grew exponentially this year, particularly in the second half of the year, when the mainland stock market started to see wild volatility, data showed. As of November 1, 866 companies have announced plans to buyback a total of nearly 15 billion A shares, compared to 383 companies in 2017 that purchased a total of about 2 billion A shares, according to financial data provider Wind.
Crude oil futures fall Rs 33 on weak global cues
Crude oil futures eased by Rs 33 to Rs 4,601 per barrel as speculators were engaged in reducing their exposure amid a weakening trend overseas. At the Multi Commodity Exchange, crude for delivery in November was trading lower by Rs 33, or 0.71 per cent, to Rs 4,601 a barrel in a business turnover of 759 lots. The oil for delivery in December also fell by Rs 29, or 0.62 per cent, to Rs 4,627 a barrel in 25 lots. Traders said a mixed trend in global market as the US imposed sanctions on Iran but granted eight countries temporary waivers allowing them to keep buying oil from the Islamic Republic, weighed on the crude prices here. The West Texas Intermediate (WTI) crude lost 0.24 per cent, to USD 62.95, while Brent crude, the international benchmark fell 0.40 per cent to USD 72.88 per barrel at the New York Mercantile Exchange.
Metal and mining stocks decline
Stocks gyrated in a small range with positive bias in early afternoon trade. At 12:29 IST, the barometer index, the S&P BSE Sensex, was up 138.83 points or 0.4% at 35,089.75. The Nifty 50 index was up 29.95 points or 0.28% at 10,553.95. Metal and mining stocks declined.
ONGC reports strong numbers with quarter profit to Rs 8,264.6 crore
State-run Oil and Natural Gas Corporation Ltd. (ONGC) has announced its results for the second quarter ending on September 30, 2018, with the net profit at Rs. 8,265 crore, up 61.1% quarter on quarter (QoQ).The company announced that the gas production segment witnessed an increasing trend on year on year basis (YoY). It increased by about 3% in H1'19 compared to H1'18.However, the gas production is expected to increase further with the completion of Daman Development Project in Western Offshore and further increase from VA-S1 field in Eastern Offshore.Drilling Rig Sagar Samrat was under conversion into a Mobile Offshore Production Unit (MOPU) for oil production from WO-16 Cluster. The MOPU was scheduled to be commissioned in the beginning of FY'19, which could not be done because of failure on part of the contractor.The non-availability of MOPU as per schedule led to a loss of oil production of about .35 MMT. ONGC took stringent action to terminate the contract and proactively ...
Global Markets: Asian shares waver as investors brace for U.S. elections
TOKYO (Reuters) - Asian shares wavered on Tuesday with sentiment 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.
Gulf crises will pass, but economy is stronger - Qatar's Emir
DOHA (Reuters) - Qatar's Emir Sheikh Tamim bin Hamad al-Thani said on Tuesday he regrets the continuation of conflict with other Arab states, but added that "crises will pass", outlining the nation's economic achievements over the past year.
Sterlite Tech Wins MahaNet Citizen Network Project in Maharashtra
/ -- As a lead partner, Sterlite Tech will enable smart connectivity to more than 4,000 gram panchayats in the Vidarbha region, directly impacting over 7.5 million citizens Sterlite Tech (BSE: 532374) (NSE: STRTECH), a global data network solutions company, has won a Rs. 1,512 crore MahaNet-I project for the implementation of BharatNet-II in Maharashtra. (Logo: https://mma.prnewswire.com/media/568301/Sterlite_Logo.jpg ) Maharashtra Information Technology Corporation Limited (MahaIT), a state-led nodal agency, aims to connect approximately 13,000 gram panchayats through the MahaNet-I project. As a leading implementation partner, Sterlite Tech will connect 4,045 gram panchayats across eight districts of Maharashtra, impacting over 7.5 million citizens. Elaborating on the project, SVR Srinivas (IAS), Chairman & MD - MahaIT and Principal Secretary-IT, Government of Maharashtra, said, "Sterlite Tech will design, build and manage a carrier-grade network, capable of riding Gigabit-ready .
Japan Nikkei gains 1.14%
The elections in U.S. are widely seen as a referendum on Republican President Donald Trump's first two years in the White House, with his party favoured to retain its majority in the U.S. Senate and while the opposition Democrats are expected to capture a majority in the U.S. House of Representatives. Investors across the world are closely watching the elections, as policy decisions that could sway the economy, corporate decision-making and consumer spending hinge on the results.
Jaykay Enterprises monthly demat for Oct 2018
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Apple's Asia suppliers fall on report iPhone XR production boost cancelled
(Reuters) - Apple Inc's Asian supplier and assembler stocks fell on Tuesday on a media report that the iPhone maker had told its smartphone assemblers to halt plans for additional production lines dedicated to its new iPhone XR.
Australia Market ends at two-week high
Financials were ended mostly higher, with Commonwealth Bank rallying 1.4% to A$68.95, Australia and New Zealand shares up 1.3% to A$26.15, Westpac higher by 1.5% to A$26.92 and National Australia Bank up 1.1% at A$25.66.
Sensex, Nifty rise on strong earnings, upbeat large caps
(Reuters) - Indian shares rose on Tuesday, boosted by strong quarterly corporate earnings so far and gains in large-cap stocks such as Reliance Industries Ltd and Tata Consultancy Services Ltd.