Page 2091 - Business Finance
Mindtree Ltd spurts 6.49%, up for third straight session
The stock is quoting at Rs 837.2, up 6.49% on the day as on 12:49 IST on the NSE. Mindtree Ltd is up 76.35% in last one year as compared to a 1.76% fall in NIFTY and a 36.25% fall in the Nifty IT index.
Yes Bank Ltd spurts 1.15%
The stock is quoting at Rs 184.15, up 1.15% on the day as on 12:49 IST on the NSE. Yes Bank Ltd is down 42.24% in last one year as compared to a 1.76% drop in NIFTY and a 2.4% drop in the Nifty Bank index.
Working with tax department, regulators to ease rules for startups: DIPP Secy
The Department of Industrial Policy and Promotion (DIPP) is working with the tax department and regulators to ease the rules and laws for startups to support budding entrepreneurs, a top government official said Wednesday. "We are easing regulations for startups. We are also working with tax department and regulators, and we have been able to simplify 24 regulations so far," DIPP Secretary Ramesh Abhishek said here. He said that easing the processes and norms are the biggest agenda for the department so that it supports growth of startups. The secretary also said that to increase availability of funds for startups, the department has asked Small Industries Development Bank of India (SIDBI) to commit Rs 3,300 crore by March next year. "SIDBI has already taken equity in 30 alternate investment funds (AIFs), committing more than Rs 1,500 crore and those funds have raised Rs 7,500 crore," he said. The government has established Rs 10,000 crore Fund of Funds for startups (FFS) to meet ...
Coriander futures rise 0.14% on spot demand
Coriander prices rose by 0.14 per cent to Rs 5,871 per quintal in futures market as participants built up fresh positions amid rising spot demand. Besides, tight stocks on account of restricted arrivals from major growing regions weighed coriander futures. At the National Commodity and Derivatives Exchange, coriander for November edged higher by Rs 8, or 0.14 per cent, to Rs 5,871 per quintal. Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against tight stocks position. The delivery for December,however, was trading lower by Re 1, or 0.02 per cent, to Rs 6,113 per quintal with an open interest of 9,290 lots.
Divis Laboratories Ltd soars 0.39%, gains for fifth straight session
The stock is quoting at Rs 1491.5, up 0.39% on the day as on 12:44 IST on the NSE. Divis Laboratories Ltd is up 61.48% in last one year as compared to a 1.92% slide in NIFTY and a 0.7% slide in the Nifty Pharma.
Panasonic second-quarter profit down 15 percent as investment in Tesla batteries weigh
TOKYO (Reuters) - Japan's Panasonic Corp on Wednesday reported a 15 percent fall in second-quarter operating profit, missing analyst estimates, weighed down by investment in Tesla Inc's battery plant in Nevada.
Market bounces back
Key equity indices bounced back and were trading near day's high in early afternoon trade. At 12:21 IST, the barometer index, the S&P BSE Sensex, was up 74.13 points or 0.22% at 33965.26. The Nifty 50 index was up 41.55 points or 0.41% at 10,239.95. Recovery was backed by strength in IT and pharmaceutical shares. Trading sentiment was, however, fragile amid worsening relationship between the Reserve Bank of India and the government.
Global Markets: Asia stocks rise at end of grim October, on track for worst month since 2011
TOKYO/SHANGHAI (Reuters) - Asian stocks clawed up from 20-month lows on Wednesday amid pledges by China to support its markets, but investor confidence was brittle after equity markets bled trillions of dollars in a grim October.
Datamatics Recognized in a Recent Report on Robotic Process Automation Vendor Assessment 2018
/ -- Datamatics Global Services Ltd. (DGSL), a global IT & BPM company, today announced that it has been featured in the IDC report on 'Robotic Process Automation Vendor Assessment 2018 for Asia/Pacific (Excluding Japan)' by Pushkaraksh Shanbhag and Rijo George Thomas. The report covers the evolving automation ecosystem and recognizes Datamatics as a leading technology vendor in the RPA space. The report features Datamatics flagship RPA product TruBot and talks about the company's ongoing journey from being purely a provider of IT and business services to being recognized as a vendor for automation solutions that also has a rich services portfolio. It also mentions the company's focused approach to be increasingly led with proprietary IP that will deliver long-term benefits in terms of customer mindshare while acting as a pull-through for its established IT and business services capabilities. Commenting on the occasion, Mr. Pushkaraksh Shanbhag, IDC Analyst said, "Our extensive ...
Chana futures gain 0.95% on rising demand
Chana prices rose by 0.95 per cent to Rs 4,031 per quintal in futures trade as participants created fresh positions, driven by rising demand from dal mills at the spot markets. Besides, tight stocks positions following a drop in arrivals from producing regions also contributed to the rise in chana prices. At the National Commodity and Derivatives Exchange, chana for delivery in December was trading higher by Rs 38, or 0.95 per cent, to Rs 4,031 per quintal. Likewise, the commodity for delivery in January 2019 gained Rs 3, or 0.07 per cent, to Rs 4,060 per quintal. Analysts attributed the rise in chana prices to surging demand in the spot markets against restricted supplies from the producing regions.
Panasonic second-quarter profit falls 15 percent, misses estimates
TOKYO (Reuters) - Japan's Panasonic Corp on Wednesday reported a 15 percent fall in second-quarter operating profit, missing analyst estimates, weighed down by investment in Tesla Inc's battery plant in Nevada.
GHCL allots 20000 equity shares
Under ESOS
R Systems International Ltd leads gainers in 'B' group
H.G. Infra Engineering Ltd, Paramount Communications Ltd, Khaitan (India) Ltd and Bombay Dyeing & Manufacturing Company Ltd are among the other gainers in the BSE's 'B' group today, 31 October 2018.
Castor seed prices up by Rs 4 on firm bets
Castor seed prices rose by Rs 4 to Rs 5,714 per quintal in futures trade Tuesday after investors widened their bets amid firm trends. Marketmen said apart from rising demand from consuming industries, short position of stocks in the spot markets mainly led to the rise in castor seed futures. At the National Commodity and Derivatives Exchange, castor seed for November was trading higher by Rs 4, or 0.07 per cent, to Rs 5,714 per quintal. Castor seed for January next year, however, dipped by Rs 30, or 0.51 per cent, to Rs 5,836 per quintal, having an open interest of 3,200 lots.
Credent Asset Management launches India's first multi asset PMS
Credent Asset Management (CAM) is the first Portfolio Management Services (PMS) in India that acts as an enabler for the investor. The company has established international standards of investing in India through a structured Multi-Asset Strategy for seamless and secure execution of trade transactions. The company uses a robust technology to find the best stock options for investments which is unique in PMS model.The investment philosophy based on Multi-Asset Investment Strategy gives an opportunity to spread the investment in five different investment avenues that include startups, small and medium enterprises (SME), direct equity, mutual fund and debt instruments. The USP of this product is to have five Assets in one product basket which holds a merit of international standard of product specifications.The product will help in mitigating risk factors and in diversifying the portfolio with befitting asset allocation. The equity portfolio is designed on advanced technology-based ...
L&T Technology Services unveils Digital Engineering Centre in Sweden
L&T Technology Services Limited (NSEL&T Technology Services has been the engineering partner of choice for several major brands in the Nordic region for over a decade. LTTS has worked on new age technology development and digital engineering programs for industry majors such as Volvo Cars and Scania. Under its GLOCAL strategy and to support its ongoing growth in the region, LTTS is expanding its local presence in Sweden to serve its Nordic customers better in their digital journey.The Digital Engineering Centre in Gothenburg will act as a center of excellence for LTTS' operations across areas such as automotive and digital technologies. The center will also develop technologies for industry verticals and clients outside the automotive industry. LTTS has already set up a development centre in Stockholm; the company is now expanding its footprint in Gothenburg to serve a wide range of industries.Amit Chadha, President, Sales and Business Development and Executive Director, ...
Industry choice vital to benefit from India growth story (Column: Behind Infra Lines)
The adage that "investing in the right industry is at least as important, if not more, than choosing the right investments" holds true in India as much as it does in any other country.
MUFG leaps to grab CBA asset management unit for $2.9 billion in surprise sale
SYDNEY/TOKYO (Reuters) - Commonwealth Bank of Australia will sell its asset management arm to Mitsubishi UFJ Financial Group for $2.9 billion in a surprise sale, the latest business to be sold by an Australian financial giant amid unprecedented regulatory scrutiny.
China Evergrande units sell $1.8 billion bonds, coupons up to 13.75 percent
HONG KONG (Reuters) - China Evergrande Group said on Wednesday it sold $1.8 billion in senior notes with coupons as high as 13.75 percent. Chairman Hui Ka Yan bought $1 billion of the offer.
Samsung slashes capex, calls end to chip boom after record third quarter
SEOUL (Reuters) - Samsung Electronics Co Ltd slashed 2018 capex by more than a quarter on Wednesday and warned of lower profit until early next year, calling an end to a two-year boom in memory chips that fuelled record third-quarter profit.