Page 2090 - Business Finance
HDFC Bank Ltd down for fifth straight session
The stock is quoting at Rs 1895.3, down 0.91% on the day as on 13:19 IST on the NSE. HDFC Bank Ltd jumped 4.07% in last one year as compared to a 1.77% slide in NIFTY and a 2.56% fall in the Nifty Bank index.
L'Oreal shares surge after posting higher third-quarter sales
PARIS (Reuters) - L'Oreal's shares rose sharply on Wednesday after the cosmetics and fashion group reported higher third-quarter sales, with turnover driven by booming demand in Asia.
Gold hits over 2-week low, but set to end 6-month losing streak
BENGALURU (Reuters) - Gold prices fell to a more than two-week low on Wednesday as equities gained and the dollar touched multi-month highs after upbeat economic data indicated a robust U.S. economy.
Corrected: Airbus says tougher to meet jet delivery goal after snags
PARIS (Reuters) - European planemaker Airbus softened its key target for jet deliveries on Wednesday and warned reaching it would be a "greater stretch" after a sequence of industrial problems.
CIL maintains 652mn tn output aim in FY19; govt's OFS opens
Coal India Ltd on Wednesday maintained that its production target would be 652 million tonne for fiscal 2018-19, even as the government embarks on an OFS programme to sell 3 per cent stake in the mining behemoth. The Centre's two-day offer for sale (OFS) at a floor price of Rs 266 a piece opened for bidding by institutional investors on Wednesday, with a subscription of over 24 per cent shares on offer in initial hours of trade. The stake sale is expected to fetch about Rs 5,000 crore to the exchequer. "This year, we are aiming for 652 million tonne production and 681 million tonne dispatch of coal," CIL Chairman A K Jha said at the CII-organised Global Mining Summit here. At the state-owned PSU major's AGM earlier this year, Jha had said this target was "aspirational". In the last fiscal, the miner produced 567 million tonne of coal and dispatched 580 million tonne. The government had last sold 10 per cent stake in CIL through an OFS in January 2015, mopping up about Rs .
Strides Pharma Science posts Q2 net loss of Rs 8.70 cr
Drug firm Strides Pharma Science Wednesday reported a consolidated net loss of Rs 8.70 crore for the quarter ended September 30, 2018. The company had posted a net profit of Rs 11.73 crore for the corresponding period of the previous fiscal, Strides Pharma Science said in a filing to BSE. Consolidated revenue from operations stood at Rs 732.63 crore for the quarter under consideration. It was Rs 768.66 crore for the same period a year ago. Commenting on the results, Strides Pharma Science Founder and Group CEO Arun Kumar said, "We have achieved significant progress on our reset strategy both in terms of course-correction and execution over the last two quarters." With all growth pivots in place, the company is confident of scaling up its diversified B2C business and continue the growth momentum across key markets, he added. Shares of Strides Pharma Science were trading at Rs 412.85 per scrip on BSE, down 0.22 per cent from their previous close.
Mustard seed futures tumble by Rs 23 per quintal
Mustard seed prices drifted lower by Rs 23 to Rs 4,092 per quintal in futures trade after participants reduced their holdings in line with a weak trend at physical markets. Marketmen said off-loading of positions by participants, driven by a weak trend at spot markets due to fading demand from oil mills amid heavy stocks position pulled down mustard seed prices. Besides, slackness in demand for mustard cake from cattle-feed makers weighed on mustard seed futures, they added. At the National Commodity and Derivatives Exchange, mustard seed for November fell by Rs 23, or 0.56 per cent, to Rs 4,092 per quintal with an open interest of 72,490 lots. Mustard seed for the delivery in December receded by Rs 22, or 0.52 per cent, to Rs 4,175 per quintal.
BOJ holds fire, flags risks to growth, financial system
TOKYO (Reuters) - The Bank of Japan kept monetary policy steady on Wednesday and slightly trimmed its inflation forecasts as global trade frictions clouded the economic outlook, reinforcing views the central bank is in no rush to trim its massive stimulus.
Oil rises 1 percent ahead of Iran sanctions
TOKYO (Reuters) - Oil prices climbed for the first time in three days on Wednesday, rising around 1 percent ahead of the start of U.S. sanctions against Iran next week and as stock markets clawed back some of the losses they racked up this month.
Jeera futures up good demand
Jeera prices rose by Rs 105 to Rs 20,340 per quintal in futures market amid good domestic and exports demand. At the National Commodity and Derivatives Exchange, jeera for November scaled higher by Rs 105, or 0.52 per cent, to trade at Rs 20,340 per quintal with an open interest of 6,735 lots. Similarly, the spice for December moved up by Rs 60, or 0.29 per cent, to trade at Rs 20,700 per quintal in 2,607 lots.
FDC receives EIR for its Waluj facility
Following closure of USFDA inspection
More distressed M&A deals in pipeline: Report
Post the Insolvency and Bankruptcy Code (IBC), there has been a significant increase in the number of quality assets available at attractive valuations, providing further impetus to an already hot market for M&As in India, says a report. According to a report by Kroll and Mergermarket, since 2017, distressed merger and acquisition (M&A) values in India have hit USD 14.3 billion, 12 per cent of the total M&A value, led by deals involving Bhushan Steel (USD 7.4 billion), Reliance Communications (USD 3.7 billion) and Fortis Healthcare (USD 1.2 billion). Two-thirds of distressed transactions were classified as "direct", where the asset itself was distressed, while the remaining one-third of "indirect" transactions resulted in a sale because the parent organisation was in distress. Close to USD 10 billion of those deals have been closed in 2018 so far. For the purpose of this analysis, distressed M&A was defined as any transaction involving sale of a company directly in ...
Bagadia Colourchem announces change in directorate and appointment of CFO
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Premier Explosives bags order from Solid fuel Complex, Jagdalpur
For supply of Ammonium Perchlorate
Strides Pharma Science partners with ICP‐III Investment Advisors
To fund its Consumer Healthcare Business
Biocon Ltd spurts 2.06%, gains for third straight session
The stock is quoting at Rs 652.85, up 2.06% on the day as on 12:49 IST on the NSE. Biocon Ltd is up 79.87% in last one year as compared to a 1.76% drop in NIFTY and a 0.59% drop in the Nifty Pharma index.
Hindustan Copper Ltd soars 1.02%, up for third straight session
The stock is quoting at Rs 49.4, up 1.02% on the day as on 12:49 IST on the NSE. Hindustan Copper Ltd is down 34.7% in last one year as compared to a 1.76% fall in NIFTY and a 17.24% fall in the Nifty Metal index.
T.V. Today Network Ltd spurts 2.93%
The stock is quoting at Rs 400.75, up 2.93% on the day as on 12:48 IST on the NSE. T.V. Today Network Ltd is up 12.76% in last one year as compared to a 1.76% drop in NIFTY and a 22.22% drop in the Nifty Media index.
Infosys Ltd up for third straight session
The stock is quoting at Rs 679.65, up 3.04% on the day as on 12:49 IST on the NSE. Infosys Ltd is up 46.62% in last one year as compared to a 1.76% slide in NIFTY and a 36.25% slide in the Nifty IT index.
HCL Technologies Ltd spurts 3.27%
The stock is quoting at Rs 1037.75, up 3.27% on the day as on 12:49 IST on the NSE. HCL Technologies Ltd is up 23.45% in last one year as compared to a 1.76% drop in NIFTY and a 36.25% drop in the Nifty IT index.