Page 2216 - Business Finance
Gold gains on softer dollar, geopolitical 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 slowing global economic growth lent support to the metal.
Global Markets: Asia shares rally as China surges on stimulus hopes
SYDNEY (Reuters) - Asian share markets swung into the black on Monday as the promise of more stimulus boosted Chinese stocks for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit.
Stocks turn volatile
Volatility struck bourses in morning trade as the key benchmark indices once again regained strength soon after erasing almost entire gains posted in early trade. At 10:28 IST, the barometer index, the S&P BSE Sensex, was up 54.44 points or 0.16% at 34,370.07. The Nifty 50 index was up 12.75 points or 0.12% at 10,316.30
Bhansali Engineering Polymers slumps after weak Q2 results
Bhansali Engineering Polymers hit a lower circuit limit of 20% at Rs 100.80 at 10:43 IST on BSE after net profit declined 32.71% to Rs 16.89 crore on 41.16% rise in net sales to Rs 349.98 crore in Q2 September 2018 over Q2 September 2017.
Persistent Systems Ltd Falls 13.37%
Persistent Systems Ltd has lost 29.34% over last one month compared to 8.35% fall in S&P BSE IT Sector index and 6.37% drop in the SENSEX
SREI Infrastructure Finance Ltd Spikes 4.85%
SREI Infrastructure Finance Ltd has lost 30.81% over last one month compared to 5.99% fall in S&P BSE Finance index and 6.29% drop in the SENSEX
Tejas Networks Wins Rs. 111 Crore Order for Indian Navy's Communication Network From Sterlite Technologies Limited
/ -- Tejas Networks (BSE: 540595) (NSE: TEJASNET) today announced that it has received a purchase order of Rs. 111 crore for Indian Navy's country-wide next-generation digital communications network from Sterlite Technologies Ltd (BSE: 532374) (NSE: STRTECH), a global data network solutions company. As a part of this order, Tejas Networks will supply its state-of-the-art terabit capacity DWDM systems and high-performance Layer-3 Multi Gigabit Ethernet switches, for this pan-India network. The Indian Navy's communication network is being built as a robust, highly secure, scalable and reliable digital highway for naval operations that will link multiple Indian naval offices and India-administered islands. As the master systems integrator, Sterlite Technologies has been awarded a long-term contract for design, execution, operations and maintenance of Indian Navy's Digital Network. Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, "We are delighted to be a part of this ..
Japan Nikkei recoups ground on bargain hunting
CURRENCY NEWS: Japanese yen depreciated against greenback on Monday. The Japanese yen was at 112.59 against the dollar, weakening from levels below 112.2 last week.
Asia petrol buckles under supplies; crack at over two-year low
SINGAPORE (Reuters) - Asia's petrol margin fell to more than a two-year low late last week due to ample supplies, and the October average is now expected to be the worst for the month since 2013, based on Thomson Reuters data.
Global growth outlook for 2019 dims for first time: Reuters poll
BENGALURU (Reuters) - The outlook for global growth in 2019 has dimmed for the first time, according to Reuters polls of economists who said the U.S.-China trade war and tightening financial conditions would trigger the next downturn.
Australia Market trades lower on political uncertainty
The country's Prime Minister, Scott Morrison, who ascended to the role after ousting Malcolm Turnbull in August, will meet independent lawmakers in a bid to shore up support for his government. If the prime minister fails to secure support from independent lawmakers to continue to govern, it potentially sets the stage for early elections, which were otherwise not due until May 2019.
Enhance global natural gas security: IEA
The global natural gas market driven by demand in liquefied natural gas continues to change buyer-seller relationships and raises new challenges for the global security of energy supplies, the International Energy Agency (IEA) said on Monday.
India's groundnut output seen down 29 percent on scanty rains - trade body
MUMBAI (Reuters) - India's groundnut output from summer-sown crop is likely to fall 29.2 percent from a year ago to 3.74 million tonnes as scanty rainfall hit yields in the top producing western state of Gujarat, a leading trade body said on Monday.
Oil rises on looming Iran sanctions, but U.S.-China trade war caps gains
SINGAPORE (Reuters) - Oil prices rose on Monday as markets were expected to tighten once U.S. sanctions against Iran's crude exports are implemented next month.
Sensex bounces 321 points in early trade on positive Asian cues
The benchmark BSE Sensex Monday recovered over 321 points in early trade on fresh buying by investors amid a firm trend in Asian markets and better-than-expected earnings from HDFC Bank. Moreover, the rupee appreciating by another 8 paise to 73.24 against the US dollar and easing crude prices also buoyed sentiments. Brent crude, the international benchmark, was trding 0.44 per cent down at USD 79.65 a barrel. The 30-share barometer, which had lost 847 points in the previous two sessions, was trading higher by 321.41 points, or nearly 1 per cent, at 34,637.04. Sectoral indices led by healthcare, bankex, capital goods and auto were trading in the green with gains of up to 0.92 per cent. The NSE Nifty was quoting 49.60 points, or 0.48 per cent,higher at 10,353.15. Brokers said emergence of buying by investors, driven by positive trend at other Asian bourses, and encouraging quarterly earnings from HDFC Bank, influenced trading Sentiments. Stock of HDFC Bank was trading higher by 1.36 per
Exclusive: China Evergrande seeks $1.5 billion via HK tower financing - sources
HONG KONG (Reuters) - Highly leveraged property firm China Evergrande Group is in talks with financial institutions to raise about $1.5 billion this month by offering its Hong Kong office tower as collateral, two sources with direct knowledge of the matter said.
Value buying, rupee lift equity indices; banking stocks gain
Broadly positive Asian markets, along with a stable rupee and value buying pushed the key domestic equity indices higher during Monday's morning trade session.
Market trims gain after firm start
Domestic stocks trimmed gains after a firm start on steady buying demand in index pivotals. At 9:26 IST, the barometer index, the S&P BSE Sensex, was up 182.12 points or 0.53% at 34,497.75. The Nifty 50 index was up 50.70 points or 0.49% at 10,354.25
Fiat Chrysler agrees to sell Magneti Marelli to Calsonic Kansei-sources
MILAN/LONDON (Reuters) - Fiat Chrysler (FCA) has agreed to sell its Magneti Marelli unit to KKR's Calsonic Kansei, two sources familiar with the matter said on Sunday, adding the deal would be announced on Monday.
CBS interim chairman resigns from board because of ill health
NEW YORK (Reuters) - CBS Corp interim chairman Richard Parsons has resigned from the board for reasons of ill health about a month after joining, the company said in a statement on Sunday.