Page 1993 - Business Finance
Time now to breathe life into the country's languishing business environment (Column: Active Voice)
In a refreshing change of pace for the government, which has been reeling under challenging economic circumstances of late, the release of the World Banks Doing Business report last week provided some respite.
Graphic: Two years in, Trump holds stock market bragging rights
SAN FRANCISCO (Reuters) - U.S. President Donald Trump has taken credit for the stock market's gains during his nearly two years in the White House, and those claims are reasonable given the impact of tax cuts and pro-business policies on investor sentiment.
Jai Corp Ltd leads gainers in 'A' group
Dena Bank, Andhra Bank, Kwality Ltd and Dewan Housing Finance Corporation Ltd are among the other gainers in the BSE's 'A' group today, 06 November 2018.
Tijaria Polupipes bags orders worth Rs 44 Cr from L&T
On 06 November 2018
Altico Capital diversifies into warehousing and logistics funding with Rs. 650 cr trade
Altico Capital has recently closed Rs. 650 crore transaction in the warehousing and logistics sector with Mumbai based Renaissance group promoted by Mayur Suchak.The transaction includes Rs. 50 crore co-investment from Asia-focused private equity fund and Altico's founding shareholder, Clearwater Capital (now Fiera Capital). Sanjay Grewal, CEO of Altico mentioned that, "The funding is towards an ongoing warehousing and industrial park named 'Renaissance Industrial Smart City' in Bhiwandi having a development potential of 20 mm sf across warehousing and industrial space. The park is the only one in Mumbai to have the Integrated Industrial Area license."Over 3 mm sf of warehousing space in the project has already been committed to marquee tenants including a leading global e-commerce player. In line with the Altico's strategy to diversify beyond residential and commercial real estate into other allied sectors such as hospitality, healthcare, education and core infrastructure, the ...
Japan Q3 GDP seen shrinking on natural disasters, overseas economic slowdown: Reuters poll
TOKYO (Reuters) - Japan's economy was expected to shrink in the third quarter after natural disasters disrupted production and a slowdown in overseas demand undermined exports, a Reuters poll found on Tuesday.
Himachal Futuristic Comm allots equity shares
Of FV Re 1 each
IT stocks gain
Key indices hovered in positive zone in mid-morning trade. At 11:27 IST, the barometer index, the S&P BSE Sensex, was up 120.77 points or 0.35% at 35,071.69. The Nifty 50 index was up 25.65 points or 0.24% at 10,549.65. IT stocks rose.
Exclusive: Chinese upstart Luckin Coffee seeks funds to double valuation to $2 billion - sources
HONG KONG (Reuters) - Luckin Coffee, an up-and-coming coffee chain with ambitions to challenge Starbucks Corp in China, is targeting a valuation of $1.5 billion to $2 billion as it launches a new round of funding, people familiar with the matter told Reuters.
Credit Access Grameen gives prior intimation of change in CIN
With immediate effect
Madhav Marbles & Granite declares outcome of Board meeting
On 05 November 2018
Australia central bank lifts economic growth forecast
Australia's central bank on Thursday said the economy was "performing well" and lifted its growth outlook while keeping interest rates at a record low but warned there were concerns about global trade. The announcement comes as worries also begin to emerge about the country's once booming housing market, which has slowed in recent months. The Reserve Bank of Australia said this G20 economy continues to chug along and should expand around 3.5 this year and next, a fraction up from its previous forecast and continuing a global record 26 years of continuous growth. Its main cash rate was left unchanged at 1.50 percent to stimulate consumer and business spending. But it said there were doubts prompted by the "direction of international trade policy in the United States", with Donald Trump having embarked on a protectionist agenda sparking standoffs with key partners including China and the European Union. Meanwhile, at home consumers have looked increasingly jittery, with Australians ...
Sensex, Nifty open in green; Nifty up at 10561.70
The market on Tuesday opened in green, with the Sensex rising up 118.44 points at 35069.36, while the Nifty gained 37.70 points at 10561.70.With a positive breadth, 370 shares advanced, against a decline of 113 shares, while 15 shares are unchanged.On the sectors front, automobiles, energy, consumption and metals traded strong, while pharmaceutical space suffered some weakness.Shares of State Bank of India traded higher by a percent, while Cipla traded down 4 percent after the company posted poor results for the quarter, reported the Moneycontrol.
Exclusive: Sears nears bankruptcy financing deal without Lampert's hedge fund - sources
(Reuters) - Sears Holdings Corp is nearing a deal with new lenders to increase a bankruptcy financing package to as much as $600 million, from $300 million, without Chairman Eddie Lampert's hedge fund contributing, people familiar with the matter said on Monday.
Toyota lifts full-year profit forecast on weaker yen
TOKYO (Reuters) - Toyota Motor Corp on Tuesday raised its forecast for full-year operating profit by 4.3 percent as it expects a boost from a weaker yen, after ongoing sales growth in Asia and Europe lifted profit in the July-September quarter.
Opera invests $30mn in entertainment company StarMaker
Internet browser provider Opera announced a strategic investment of $30 million into US-based music and entertainment company -- StarMaker -- to accelerate growth and explore shared opportunities for both the enterprises, an official statement said here on Tuesday.
Volumes jump at Balkrishna Industries Ltd counter
Balkrishna Industries Ltd witnessed volume of 1.92 lakh shares by 10:48 IST on BSE, a 4.24 times surge over two-week average daily volume of 45365 shares
Australia's central bank extends record spell of stable rates
SYDNEY (Reuters) - Australia's central bank left rates at record lows on Tuesday, in a widely expected move and marking a 27th straight month of stable policy as it awaits a pick up in inflation and wages growth.
HCL Technologies rises after tie-up with Deutsche Bank
HCL Technologies rose 1.22% to Rs 1031.50 at 10:23 IST on BSE after the company said it tied up with Deutsche Bank to transform the bank's global cheque processing operations.
Vedanta Ltd Slides 5.06%
Vedanta Ltd has lost 8.89% over last one month compared to 1.09% fall in S&P BSE Metal index and 2.35% rise in the SENSEX