Page 2142 - Business Finance
RBI to inject liquidity via bond-buying in November
(Reuters) - The Reserve Bank of India (RBI) on Friday said it would buy 400 billion rupees ($5.45 billion) worth of government bonds via open market operations (OMO) in November to inject liquidity into the market.
Weak soybean exports seen slowing U.S. third-quarter growth
WASHINGTON (Reuters) - The U.S. economy likely slowed in the third quarter, held back by a tariff-related drop in soybean exports, but the pace probably remained strong enough to stay on track to hit the Trump administration's 3 percent target this year.
JSPL to expand Odisha steel plant to 20 mtpa by 2030
Jindal Steel and Power Ltd (JSPL) chairman Naveen Jindal on Friday said the steel production capacity of its plant in Odisha's Angul would be increased to 20 million tonnes per annum (mtpa) by 2030.
HDFC Bank to acquire additional 4.95% stake in NSDL
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Tata Motors enters racing car space with Tiago, Tigor variants
Tata Motors is making a bold marketing move to grab more mind and wallet shares of the youth by tapping the 'white-space' of racing cars in association with a Tamil Nadu firm, under which they have launched the 'accessible performance' variants of Tiago and Tigor. Branded as Tiago JTP and Tigor JTP, these performance cars are built at Tata Motors' Sanand plant, with engineering and technical partnership with Jayem Automotives, which has recalibrated the engines to enhance the output and performance, Tata Motors said here Friday. The new cars, bookings for which are open now and deliveries begin next month, come with an introductory price tag of Rs 6.39 lakh for the hatchback Tiago JTP and Rs 7.49 lakh for sedan Tigor JTP (both ex-showroom, New Delhi). In comparison, the top-end Tiago comes at Rs 5.5 lakh and the top model of the Tigor carries a price tag of Rs 6.5 lakh, the company said. In fact, this is a white-space in the domestic automotive market as there is no ...
Analysis: Trade retaliations against the U.S. hit Canada farmers, too
WINNIPEG, Manitoba (Reuters) - The United States' trade wars have allowed Canada's agriculture industry to pump up sales of soybeans and wheat to China, and pork to Mexico.
Petrol, diesel prices likely to ease further
With transport fuel prices on a downward trend for over a week, an official source said on Friday that the reductions were a result of falling global crude oil prices and the rupee's appreciation against the US dollar and that prices were expected to soften further in the coming days.
Petrol price cut by Rs 2, diesel by Re 1 in last 8 days
Petrol price has been cut by nearly Rs 2 per litre and diesel by Re 1 a litre in the last eight days on the back of softer international rates, an official statement said Friday. Petrol price has been reduced by Rs 1.98 per litre and diesel by Rs 0.96 a litre during the last eight days. In Delhi, petrol now costs Rs 80.85 per litre and diesel is priced at Rs 74.73 a litre, it said. The rates are off their record high of Rs 84 per litre for petrol and Rs 75.45 a litre for diesel touched on October 4. On that day, the government decided to cut excise duty on petrol and diesel by Rs 1.50 per litre each and asked state-owned fuel retailers to subsidise by another Re 1 a litre by reducing their margins. Subsequent to this, the petrol price came down to Rs 81.50 per litre and diesel at Rs 72.95 a litre on October 5, the statement said. "As the international oil prices continued to rise, price of petrol and diesel in Delhi increased to Rs 82.83 per litre and Rs 75.69 per litre. (But) since ..
Emami Paper Mills standalone net profit rises 3194.12% in the September 2018 quarter
Sales rise 29.59% to Rs 407.52 crore
JSL Industries reports standalone net profit of Rs 0.03 crore in the September 2018 quarter
Sales rise 21.07% to Rs 14.02 crore
Brings the store experience closer to the customer through mobile gifting vans
It is that time of the year when the entire country begins preparations to welcome the festive season with a bang. Making it even special this year, Big Bazaar, India's leading hypermarket from Future Group enhances the use of experiential marketing for the gifting season.As a popular household name, year on year Big Bazaar partakes in the festive celebrations of its consumers. Taking it a step closer to its customers, Big Bazaar has deployed a special gifting van that is travelling to each and every corner in Delhi.The van is specially designed with features that will make shopping convenient and at the same time, give customers the Big Bazaar experience at their destination. The Big Bazaar gifting van will feature variety of products that are perfect gifting options for everyone. The van is equipped with a host of other features like digital brochures, tab activities to engage with the customers, a sampling of the latest products and much more.Sadashiv Nayak, CEO, Big Bazaar says, ..
R Nail Lounge to celebrate India's first Nail Fest
India's biggest supplier for nail art and extension products, R Nail Lounge has decided to celebrate India's first Nail's Fest.The brand has planned some amazing exciting offers for its consumers such as 'Buy 2 and get 1 Free' on all products. Consumers who shop for Rs. 5000 or more will be getting up a free nail art service voucher as well. Apart from this, the brand has also planned some on day activities which will give a chance to its consumers to win some amazing and exciting gifts and offers.The brand plans to celebrate the fest on 29th October 2018 at its Mumbai's store in Bandra, Mumbai.The brand has planned some exciting gifts for its first 15 walk-in customers on 29th October 2018.A small live activity is also planned where consumers can win a nail paint of their choice. Consumers have to apply nail paint or draw a flower on their nail with their wrong hand in order to be the winner.Ubaid Dandekar, Director, R Nail Lounge said, "Nail Polish is an incredibly important part of
ArcelorMittal wins bids to take over Essar Steel for Rs 42,000 crore
NRI billionaire Lakshmi Mittal-led ArcelorMittal Friday said it has won a bid to acquire debt-laden Essar Steel for over Rs 42,000 crore, a deal that will help fulfil the world's largest steel maker's long-time ambition of having an India mill. A committee of Essar Steel creditors picked ArcelorMittal on October 25, a day when the Ruia family offered to pay lenders Rs 54,389 crore including Rs 47,507 crore in upfront cash to clear all their dues in a last-ditch effort to avert losing their flagship company. In a statement, ArcelorMittal said its resolution plan for Essar Steel, which the lenders auctioned to recover over Rs 49,000 crore of unpaid loans, includes "an upfront payment of over Rs 42,000 crore" to settle debt and "a further Rs 8,000 crore of capital injection into the company to support operational improvement, increase production levels and deliver enhanced levels of profitability". Subsequent to being declared the highest bidder on October 19, the Committee of Creditors .
Amazon shares sink 10 percent on growth worries
(Reuters) - Shares of Amazon.com Inc fell 10 percent in trading before the bell on Friday after its sales outlook missed Wall Street targets, fanning concerns that the online retailer's expansion may finally be losing steam.
Unilever adjourns meetings where Dutch move would've sought approval
(Reuters) - Unilever on Friday said meetings where it had planned to seek court and shareholder approval to move its headquarters to the Netherlands have been adjourned indefinitely after its decision to scrap the move in the face of a shareholder revolt.
Snap shares sink as two million users move on
(Reuters) - Snap Inc shares plunged 14 percent on Friday after the Snapchat-owner posted its second straight quarter of user losses and forecast further declines, a boost for Facebook Inc's Instagram ahead of its results next week.
Union Minister Suresh Prabhu inaugurated the 10th Edition of BIOFACH INDIA
Hon'ble Union Minister for Commerce and Industry, Suresh Prabhu on Thursday inaugurated the 10th Edition of BIOFACH INDIA, the largest show on the "Organic Sector" in India.Being organized by NuernbergMesse India and APEDA (Agricultural and Processed Food Products Export Development Authority, Ministry of Commerce and Industry) and supported by the Indo-German Chamber of Commerce, BIOFACH INDIA is taking place in Hall No. 7 of Pragati Maidan from October 25th till 27th."With 150 exhibitors, 150 conference delegates and more than 60 international buyers from 15 countries, the 3 day exhibition cum international conference and buyer-seller meet, is the largest congregation of entire organic agriculture and organic food fraternity in India. The 10th edition is a good follow up event after Organic World Congress held last year in India," said Sonia Prashar, Managing Director of NuernbergMesse India Pvt. Ltd."More than 5000 delegates comprising of Exporters, Processors, retail chain ...
ITC net profit up 11.9% in Q2
Cigarette-to-FMCG major ITC Ltd on Friday reported a 11.9 per cent increase in its net profit at Rs 2,954.67 crore in the quarter which ended on September 30 of the current fiscal as compared to Rs 2,639.84 crore in the year-ago period.
Huawei expects 60 pc growth in enterprise biz next year
Chinese telecom gear maker Huawei expects over 60 per cent growth in enterprise business in India next year on account of national initiatives like Digital India and transformation of technologies at business organisations, a top company official said Friday. "This year between first and third quarter enterprise business grew by around 60 per cent. Next year we expect to continue with same level of growth but not less that this," Derek Hao, President, Enterprise Business Group (EBG), Huawei India told PTI. He said national initiatives like Digital India are leading to transformation across the country, including within business organisations. Huawei India CEO Jay Chen announced that the company under Huawei EBG is setting up an 'OpenLab' in Delhi to develop new technologies in collaboration with partners and train engineers to adopt next generation technologies. Huawei is investing USD 200 million over three years for setting up 20 such labs globally, including one in India. Out of ...
Gold up near three-month highs as stocks tumble
BENGALURU (Reuters) - Gold prices rose on Friday towards the three-month highs hit earlier this week as nervous investors retreated from stock markets and piled into the precious metal seen as a refuge from financial turmoil.