Page 2214 - Business Finance
Global Markets: Italy relief, China stimulus hope lifts global stocks
LONDON (Reuters) - European shares gained on Monday amid relief over Italy's budget, following rallies in Asia after China promised to provide stimulus to stabilise its economy and offset the impact of U.S. tariffs.
Oil stocks decline
Stocks hovered in small range with positive bias in mid-morning trade. At 11:20 IST, the barometer index, the S&P BSE Sensex, was up 100.30 points or 0.29% at 34,415.93. The Nifty 50 index was up 19.35 points or 0.19% at 10,322.90. Oil stocks declined.
Sensex up 50 points, Nifty above the 10,300-mark
Despite negative global cues, a worrying macro-economic situation and mixed corporate earnings, the key Indian equity indices on Monday managed to trade in the green with the Sensex up 50 points.
Philips shares drop as earnings fall short after currency headwinds
AMSTERDAM (Reuters) - Dutch healthcare technology company Philips missed estimates for core profit in the third quarter on Monday, sending its shares to their lowest in more than six months.
BOJ warns Japan's bank risk-taking hits near 30-year high
TOKYO (Reuters) - Risk-taking in Japan's financial sector hit a near three-decade high in the April-September, a central bank gauge showed, in a sign years of ultra-easy monetary policy may be overheating some parts of the industry.
Gold inches up on easing dollar, global concerns
BENGALURU (Reuters) - Gold prices edged higher on Monday towards a 2-1/2-month peak hit last week as the dollar eased and worries over rising political tensions and slowing global economic growth lent support to the metal.
Goldman Sachs changes Asia investment banking leadership: memo
HONG KONG (Reuters) - Goldman Sachs Group Inc has named veteran banker Todd Leland as its investment banking head for Asia Pacific excluding Japan, according to an internal memo seen by Reuters, adding to leadership changes at the bank with CEO David Solomon taking over this month.
CSS Corp wins gold at 10th Annual 2018 Golden Bridge Awards
CSS Corp, a new-age IT services and technology support company, today announced that its cognitive assistant platform Yodaa has been awarded Gold at the 10th Annual 2018 Golden Bridge Awards. The award will be presented in San Francisco on Monday, October 29, 2018, during the red-carpet ceremony.CSS Corp has built Yodaa to help brands reorient their customer experience approach through an outcome-based model. The company enables organizations to adopt contextual digital strategies and proposes solutions that automate interactions, amplify customer service agents and simplify their operations.CSS Corp's Yodaa ties four crucial components of customer lifecycle management:1. Customer experience enhancement2. Digital journey orchestration3. Revenue generation4. Outcome-based deliveryThe company is investing significantly in its Yodaa platform to help businesses anticipate and resolve customer issues at scale and at manageable costs. The company recently released the enterprise version of .
Ryanair forecasts end to union troubles by Christmas
DUBLIN (Reuters) - Ryanair said on Monday it hopes to conclude its remaining labour issues by Christmas, signalling a possible end to damaging flight disruptions which have dragged on its shares.
Eros International Media Ltd drops for fifth straight session
The stock is quoting at Rs 73, down 3.25% on the day as on 13:19 IST on the NSE. Eros International Media Ltd tumbled 6.87% in last one year as compared to a 1.44% rally in NIFTY and a 15.98% spurt in the Nifty Media index.
T.V. Today Network Ltd down for fifth straight session
The stock is quoting at Rs 384.9, down 0.17% on the day as on 13:23 IST on the NSE. T.V. Today Network Ltd tumbled 6.87% in last one year as compared to a 1.44% rally in NIFTY and a 15.98% spurt in the Nifty Media index.
Bharat Financial Inclusion Ltd drops for fifth straight session
The stock is quoting at Rs 942.9, down 2.58% on the day as on 13:19 IST on the NSE. Bharat Financial Inclusion Ltd tumbled 6.87% in last one year as compared to a 1.44% rally in NIFTY and a 5.04% spurt in the Nifty Financial Services index.
IndusInd Bank Ltd drops for fifth straight session
The stock is quoting at Rs 1526.4, down 3.19% on the day as on 13:19 IST on the NSE. IndusInd Bank Ltd tumbled 9.97% in last one year as compared to a 1.44% rally in NIFTY and a 5.24% spurt in the Nifty Bank index.
Benchmarks turn range bound
The market was hovering in a narrow range in afternoon trade. At 13:15 IST, the barometer index, the S&P BSE Sensex, was up 136.10 points or 0.40% at 34,451.73. The Nifty 50 index was up 36.40 points or 0.35% at 10,339.95. Sentiment was boosted by upbeat mood in global markets.
Fiat sells auto parts unit to Japan's Calsonic for 6.2 bn euros
Fiat Chrysler said Monday it was selling its Italian auto parts unit Magneti Marelli to Japan's Calsonic Kansei (CK) in a deal worth 6.2 billion euros. It said the merged company will rank in the top 10 auto parts suppliers globally with annual sales of 15.2 billion euros (USD 17.6 billion). There will be a multi-year supply agreement with Fiat Chrysler. This agreement will underscore "the combined entity's commitment to maintain Magnetti Marelli's operations in Italy and sustain its industrial footprint and employment levels," a joint statement said. The deal should be closed in the first half of 2019, it added. CK is controlled by US investment house KKR. Fiat Chrysler said earlier this year that it planned to hive off its auto parts unit. Mike Manley, the new head of Fiat Chrysler, said the deal will boost growth at Magneti Marelli which will remain one of the group's most important business partners. Unions welcomed the deal. "It is a great opportunity for growth," said Fim-Cisl's
Group Landmark breaking records; delivers 1000+ cars on Dushehra
Multi brand dealership group, Group Landmark has announced selling of over 1000+ cars on the occasion of Dussehra.Promoting 'people first ideal', the company believes that 1000 isn't just a number, it's a landmark!With world-class services and the trust and loyalty of their customers, Group Landmark has completed their 20 year long run of introducing India to leading automobile brands that they have partnered with in their area.Their recent achievement in the auspicious days of Navratri proves that they are right on track with managing customer sentiment and providing a wholesome buying experience with their tagline - "You Drive Us"."The recent achievement of adding 1000+ happy families brings us great joy and motivation. I believe in setting great goals and with a reliable team as we have now, any target can be achieved with hard work, perseverance, and dedication we as a team look forward to conquering more milestones in the coming future. Wishing a great festive season to all the ..
Biocon Ltd soars 2.71%, gains for fifth straight session
The stock is quoting at Rs 678.95, up 2.71% on the day as on 12:44 IST on the NSE. Biocon Ltd is up 87.35% in last one year as compared to a 1.54% jump in NIFTY and a 1.96% jump in the Nifty Pharma.
NIIT Technologies Ltd spurts 1.19%, up for five straight sessions
The stock is quoting at Rs 1253, up 1.19% on the day as on 12:44 IST on the NSE. NIIT Technologies Ltd is up 104.62% in last one year as compared to a 1.54% gain in NIFTY and a 31.18% gain in the Nifty IT.
Cube Wealth raises USD 2mn in equity
Fintech company Cube Wealth, a wealth creation app, has raised over USD 2 million in equity funding from prominent international angel and seed investors from Silicon Valley, Hong Kong, Europe, Singapore and India, a statement said Monday. The company said the investment will be used to grow the depth of the product and expand reach in more markets in India after Mumbai and Kolkata. Cube Wealth is founded by Satyen Kothari, promoter of Citrus Pay, which was sold for USD 130 million in 2016, claimed as the largest fintech cash deal in India. The start-up will use the funding to add additional asset partners and develop a network of sales and marketing partners and independent financial advisors across the country that can service customers that demand more performance than the standard mutual fund and insurance options, the statement said. Specifically built for Indian professionals, Cube Wealth is Indias only automated wealth tech app that works on the concept of ...
Brent oil rises back above $80 as Iran sanctions loom
SINGAPORE (Reuters) - Brent crude oil prices rose back above $80 a barrel on Monday as markets were expected to tighten once U.S. sanctions against Iran's crude exports are implemented next month.