Page 2131 - Business Finance
State Bank of India enters into JV with Hitachi Payment
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Alphageo (India) bags contract worth Rs 33.89 cr from ONGC
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Corrected: Hitachi Chemical hit by new falsification scandal, shares slump
TOKYO (Reuters) - Hitachi Chemical Co has told customers it falsified inspections for a material used in semiconductors, an industry source familiar with the matter said, the latest in a run of compliance scandals at Japanese firms and the company's second this year.
Oil dips as markets remain cautious on trade concerns
SINGAPORE (Reuters) - Oil prices dipped on Monday as sentiment remained cautious after a plunge in financial markets last week triggered worries that global growth may be slowing.
Sensex snaps 2-day losing streak; recovers over 150 points
The BSE Sensex recovered over 173.33 points in opening trade Monday on sustained buying in recently battered stocks amid strength in the rupee. The 30-share Sensex, which lost 340.78 points Friday, recovered by 173.33 points, or 0.52 per cent, to 33,522.64. Positive trend appeared in some sector led by Infra and Auto, while mixed movements were seen in the banking stocks. The NSE Nifty too edged up by 44.25 points, or 0.44 per cent, to 10,074.25. Meanwhile, the rupee recovered by 14 paise to 73.33 against the US currency in early trade Monday. The 30-share index Friday tumbled 340.78 points to end at seven-month low of 33,349.31, while the broader NSE Nifty had slipped 94.90 points to 10,030.00. In the Sensex pack, ICICI Bank, SBI, Axis Bank, M&M, Sun Pharma, Asian Paints, Bajaj Auto, HeroMotocorp and Maruti were major gainers. Among losers were TCS, Bharti Airtel, Coal India, HDFC, HDFC Bank and IndusInd Bank. In the Asian region, Japan's Nikkei was trading 0.50 per cent up, ...
Vedanta intimates of GoI grant of 10 year extension of PSC for Rajasthan Block
The tenure of the RJ Block PSC is due to expire on 14 May, 2020. The tenure of the RJ Block PSC has been extended for an additional period of 10 years with effect from 15 May 2020. Such extension has been granted by the GoI, pursuant to its policy dated 7 April, 2017 for extension of Pre-New Exploration Licensing Policy (Pre-NELP) Exploration Blocks PSCs signed by the GoI (the Pre-NELP Extension Policy), subject to certain conditions. The applicability of the Pre-NELP Extension Policy to the RJ Block PSC is currently sub judice.
AntWorks Joins Hands With LiveChat to Improve Online Conversations and Accelerate Customer Delight
/ -- AntWorks, a global artificial intelligence and intelligent automation company, announced a partnership with LiveChat, a company that offers premium customer service software used by businesses to communicate with customers browsing their website. The primary beneficiaries of this partnership will be the joint customers of AntWorks and LiveChat who will be able to improve customer service as well as the quality of online conversations. With this partnership, both LiveChat and AntWorks have proven they are focused on innovation in the rapidly changing and dynamic technology business. (Logo: https://mma.prnewswire.com/media/766766/AntWorks_Logo.jpg ) (Logo: https://mma.prnewswire.com/media/775391/LiveChat_Logo.jpg ) The solution leverages LiveChat's product which supports or replaces traditional sales methods within a company. LiveChat helps to quickly and intuitively reach customers visiting the company's website or online store. In addition, LiveChat helps businesses create ...
Britain's Hammond to turn up heat on Brexit rebels in budget speech
LONDON (Reuters) - British finance minister Philip Hammond will use his annual budget speech on Monday to urge his divided Conservative Party to get behind the government's push for a Brexit deal, or put at risk a long-awaited easing of austerity.
Equity indices trade flat; banking stocks rise
Healthy buying in interest rate sensitive stocks and healthcare sector buoyed the key domestic equity indices to trade on a flat-to-positive note during Monday's morning trade session.
Exclusive: BOJ eyes tweaks to bond-buying programme, but won't rush changes - sources
TOKYO (Reuters) - The Bank of Japan is considering tweaking its bond buying operations to allow the government debt market to better reflect fundamentals, people familiar with the matter said, following years of heavy central bank buying in the sector.
Nestle India gains after good Q3 outcome
Nestle India rose 2.88% to Rs 9815.15 at 09:31 IST on BSE after net profit rose 30% to Rs 446.11 crore on 17.57% rise in total income to Rs 3006.39 crore in Q3 September 2018 over Q3 September 2017.
Bharti Airtel Ltd Falls 2.46%, S&P BSE Telecom index Drops 1.24%
Bharti Airtel Ltd has lost 13.98% over last one month compared to 6.89% fall in S&P BSE Telecom index and 7.89% drop in the SENSEX
Japan retail sales growth slows, likely a drag on third-quarter GDP
TOKYO (Reuters) - Japan's retail sales rose for an 11th consecutive month in September from a year earlier but the pace of gains slowed from the prior month, in a sign private consumption may not be strong enough to avoid a broader slowdown in economic growth.
Rupee gains 14 paise to 73.33 against US dollar in early trade
The rupee recovered by 14 paise to 73.33 against the US currency in early trade Monday, on fresh dollar selling by exporters and higher opening in the domestic equity markets. At the Interbank Foreign Exchange, the rupee opened up at 73.33 to quote 14 paise higher over its previous closing, on increased selling of the American currency by exporters and banks. On Friday, the rupee had depreciated by 20 paise to close at 73.47 against the US dollar. Forex dealers said, weakness in the dollar against a few currencies overseas and easing crude prices gave some support to the local unit. Globally, Brent crude, the international benchmark, was trading 0.05 per cent down at USD 77.58 per barrel. The benchmark BSE Sensex started the session on a positive note up by 200.57 points at 33,549.88 in opening trade Monday. On a net basis, foreign funds pulled out Rs 1,356.66 crore from the capital markets on a net basis, while domestic institutional investors bought shares worth Rs 1,875.89 crore ...
Malaysia launches sale of superyacht linked to graft scandal
Malaysia's government launched a one-month auction Monday for a luxury yacht bought with money stolen from the multibillion-dollar looting of a state investment fund. The sale came nearly three months after Indonesia returned the USD 250 million yacht, Equanimity, after it seized off Bali in February in cooperation with the US FBI. The US Justice Department, one of several foreign agencies investigating a massive graft scandal at the 1MDB fund, had listed the yacht among the assets it could seize and sell to recover stolen funds. US investigators said Malaysian financier Low Taek Jho, better known as Jho Low, who the Justice Department alleges was a key figure in the theft and international laundering of USD 4.5 billion from 1MDB, bought the yacht with proceeds diverted from 1MDB. Ong Chee Kwan, a lawyer for 1MDB, says the government opened bids for the 300 foot (91.5 meter) yacht following a lengthy court process. Low, who has so far evaded investigators, has through statements ...
Global Markets: China growth woes curb Asian shares, U.S. equity futures turn down
SYDNEY (Reuters) - Asian shares barely managed to hold firm on Monday after a tumultuous week for global equities, with U.S. stock futures turning down and Chinese markets deep in the red on fresh signs of cooling in the world's second-biggest economy.
Oil stable as Asia stock markets rebound, but sentiment cautious on trade concerns
SINGAPORE (Reuters) - Oil prices were stable on Monday, supported by a bounce in Asian stocks, but analysts said sentiment remained cautious after a plunge in financial markets last week triggered worries that global growth may be slowing.
Hitachi Chemical hit by new falsification scandal, shares slump
TOKYO (Reuters) - Hitachi Chemical Co has told customers it falsified inspections for a material used in semiconductors, an industry source familiar with the matter said, the latest in a run of compliance scandals at Japanese firms and the company's second this year.
Shalby standalone net profit declines 75.23% in the September 2018 quarter
Sales rise 33.59% to Rs 119.39 crore
Lee & Nee Software (Exports) standalone net profit declines 85.71% in the September 2018 quarter
Sales rise 20.51% to Rs 0.94 crore