Page 2066 - Business Finance
Tyco Security hosts its second annual partner meet
Tyco's second edition of its annual partner conference - Converge'18 saw 45 partner firms participate and more than 50 partner delegates.Held in Sri Lanka, the conference serves the dual purpose of knowledge exchange, learning and team building. Tyco is a leader in security solutions and is a business unit of Johnson Controls.Tyco's senior executives took the stage to present the awards to the company's top performing partners. The presenters included, Kenneth May, Vice President, Sales-APAC and Rajeev Samanta, Regional Sales Director, South Asia."The security solutions market is on a high growth trajectory owing to emerging trends such as smart homes and smart cities. We have been able to capture and deliver on this market demand time and again due to the support and excellence of our partner network," said Kenneth May, Vice President, Sales APAC."It's an honour to recognize the 2018 partners who represent the best and most forward-thinking innovators coming out of our partner ...
Refund money raised via OFCDs with 15 pc interest: Sebi tells Sahara India Commercial Corp
Sebi has asked Sahara India Commercial Corporation, Subrata Roy and the company's other former directors to return over Rs 14,000 crore raised from millions of investors through optionally fully convertible debentures (OFCD) without complying to regulatory norms. Besides barring these entities from the capital markets for four years, the Securities and Exchange Board of India (Sebi) has ordered them to refund the money along with 15 per cent annual interest. Sebi found that Sahara India Commercial Corporation (SICCL) had made an offer of OFCDs in financial years 1998-2009 and raised an amount of at least Rs 14,106 crore from 1,98,39,939 investors. The regulator, in 2011, already ordered two Sahara group firms -- Sahara India Real Estate Corporation Ltd (SIRECL) and Sahara Housing Investment Corporation Ltd (SHICL) -- to refund the money raised from investors through OFCD route. "I am of the view that SICCL engaged in fund mobilising activity from the public, through the offer of OFCDs
BT reports better-than expected H1 earnings, nudges up outlook
LONDON (Reuters) - British broadband company BT reported a better-than-expected 2 percent rise in first-half earnings and nudged its guidance for the full year higher, as outgoing Chief executive Gavin Patterson said the group's recovery plan was delivering.
Oil prices fall on signs of rising supply, economy worries
BEIJING (Reuters) - Oil prices fell on Thursday to extend losses from the previous session, pressured by signs of rising supply and by growing concerns that demand may weaken on the prospect of a global economic slowdown.
Government likely to announce measures to help small and medium-sized businesses on November 2 - finance ministry
NEW DELHI (Reuters) - India is likely to announce new steps to support small and medium-sized businesses, such as increased access to credit and financial markets, at an industry event on Nov. 2, the finance ministry said in a tweet.
Swiggy expands services in 16 new cities
Food ordering and delivery platform Swiggy Thursday said it has expanded its presence in the country by launching services in sixteen new cities across the country. The new cities include Thrissur, Tirupur, Warangal, Aurangabad, Agra, Mangalore, Manipal, Jalandhar, Trichy, Udaipur, Amritsar, Varanasi, Bhubaneshwar, Vellore, Thiruvananthapuram and Kota, Swiggy said in a statement. These cities join the 28 cities across India where Swiggy already has presence, it added. Commenting on the development, Swiggy COO Vivek Sunder said, "One of the reasons for the expansion across the country is because of the strong consumer demand that we have witnessed through thousands of Swiggy app downloads in cities where we were not even present." In just four years, Swiggy has become a household name among Indian consumers by providing them the best food delivery experience in the country, he added. The growing consumer demand in tier 2 and tier 3 cities for quality food, convenience, and easy ...
Government And RBI Efforts To Improve Liquidity Has Started Yielding Results Says FICCI
The government and RBI efforts to improve the liquidity situation has started yielding results, but more measures are required to make available adequate liquidity in the system and strengthen the financial sector for supporting the economic recovery and attaining 8% plus GDP growth rate, according to the FICCI.
Shell profits soar to four-year high
LONDON (Reuters) - Royal Dutch Shell third quarter profits soared to their highest in four years, boosted by rising crude prices as the company pushed ahead with one of the world's largest share buyback programmes.
UK house prices rise at slowest pace in over five years: Nationwide
LONDON (Reuters) - British house prices rose at their slowest pace in more than five years in October as uncertainty about the economy in the run-up to Brexit weighed on the market, mortgage lender Nationwide said on Thursday.
Gold prices recover from three-week low on softer dollar
BENGALURU (Reuters) - Gold recovered on Thursday from a three-week low hit in the previous session as the recent fall in the metal prices and an easing dollar from multi-month highs induced some bids.
BT reports two percent rise in firs-half earnings, nudges up outlook
LONDON (Reuters) - British broadband company BT reported a 2 percent rise in first-half earnings on Thursday and nudged its guidance for the full year higher, as outgoing chief executive Gavin Patterson said the group's recovery plan was delivering.
Japan' Rakuten, KDDI to tie up, challenging NTT Docomo, SoftBank
TOKYO (Reuters) - Rakuten Inc on Thursday unveiled a tie-up with telecom company KDDI Corp as the Japanese e-commerce firm aims to enter the mobile phone services business, challenging bigger rivals NTT Docomo and SoftBank Group Corp.
Oil slips on signs of rising supplies, economic slowdown jitters
BEIJING (Reuters) - Oil prices fell on Thursday, extending losses in previous sessions, amid signs of rising supply and growing concerns that demand might weaken on the prospect of a global economic slowdown.
UK house prices rise at slowest pace in over 5 years: Nationwide
LONDON (Reuters) - British house prices, which have risen more slowly since the 2016 Brexit vote, increased at their slowest pace in more than five years in October, according to data published on Thursday by mortgage lender Nationwide.
Japan's inflation headwinds grow as mobile carriers eye fee cuts
TOKYO (Reuters) - Japan's efforts to hit its elusive inflation target have been hampered by slow wage growth and intensifying global trade frictions but are now also facing headwinds from plans by the country's biggest mobile phone carrier to cut fees.
Turmeric futures down 0.47% on ample stocks
Turmeric prices declined by 0.47 per cent to Rs 6,766 per quintal in futures trading Thursday as participants trimmed their positions amid sufficient stocks at the spot market. At the National Commodity and Derivatives Exchange, turmeric for delivery in November declined by Rs 32, or 0.47 per cent, to Rs 6,766 per quintal with an open interest of 10,005 lots. Likewise, the spice for delivery in December was trading lower by Rs 24, or 0.35 per cent, to Rs 6,772 per quintal in 5,775 lots. Market analysts said cutting down of bets by traders, triggered by ample stocks position on increased arrivals from growing regions in the physical markets, mainly influenced turmeric prices at futures trade.
South Indian Bank Ltd spurts 0.68%, gains for five straight sessions
The stock is quoting at Rs 14.75, up 0.68% on the day as on 12:44 IST on the NSE. South Indian Bank Ltd is down 51.72% in last one year as compared to a 0.51% fall in NIFTY and a 1.8% fall in the Nifty Private Bank.
Zee Media Corporation Ltd up for fifth session
The stock is quoting at Rs 25.55, up 2.61% on the day as on 12:44 IST on the NSE. Zee Media Corporation Ltd is down 39.95% in last one year as compared to a 0.51% drop in NIFTY and a 20.3% drop in the Nifty Media.
Tata Elxsi Ltd gains for fifth session
The stock is quoting at Rs 1064.45, up 2.85% on the day as on 12:44 IST on the NSE. Tata Elxsi Ltd is up 22.9% in last one year as compared to a 0.51% fall in NIFTY and a 34.76% fall in the Nifty IT.
Marico Ltd gains for fifth session
The stock is quoting at Rs 322.95, up 0.51% on the day as on 12:44 IST on the NSE. Marico Ltd is up 3.38% in last one year as compared to a 0.51% drop in NIFTY and a 9.39% drop in the Nifty FMCG.