Page 2229 - Business Finance
Chana futures soften by 0.10 pc as traders trim position
Chana prices eased by 0.10 per cent to Rs 4,156 per quintal in futures trade Friday as speculators reduced their exposure. At the National Commodity and Derivatives Exchange, chana for delivery in December fell by Rs 4, or 0.10 per cent, to Rs 4,156 per quintal, with an open interest of 11,580 lots. The commodity for delivery in November declined by Rs 2, or 0.05 per cent, to Rs 4,130 per quintal with trading open interest of 43,530 lots. Marketmen said cutting down of bets by traders on the back of easing demand in physical market against adequate stocks position, mainly influenced chana prices at futures trade.
China to allow bank wealth-management funds to be invested in stocks
BEIJING/SHANGHAI (Reuters) - China's banking regulator said on Friday it plans to start letting funds from products publicly sold by banks' wealth management subsidiaries be directly invested in shares.
China economic growth weakest since 2009, government moves to lift confidence
BEIJING (Reuters) - China's economic growth cooled to its weakest pace since the global financial crisis in the third quarter, with regulators pledging further policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.
ACC drops after Q3 result
ACC lost 6.7% to Rs 1,436.65 at 10:23 IST on BSE after the company declared its Q3 result after market hours on Wednesday, 17 October 2018.
Reliance Industries Ltd Falls 5.88%, S&P BSE Energy index Drops 3.83%
Reliance Industries Ltd has lost 10.65% over last one month compared to 10.37% fall in S&P BSE Energy index and 7.35% drop in the SENSEX
Spentex Industries appoints CFO
With effect from 17 October 2018
China's GDP grows 6.7% in first 3 quarters
China's gross domestic product (GDP) grew 6.7 per cent year on year in the first three quarters of 2018 to about 65.09 trillion yuan ($9 trillion), data from the National Bureau of Statistics (NBS) showed on Friday.
Benchmarks come off day's low
The market came off early lows in morning trade. At 10:25 IST, the barometer index, the S&P BSE Sensex, was down 309.64 points or 0.89% at 34,469.94. The Nifty 50 index was down 108 points or 1.03% at 10,345.05. Selling in index heavyweight Reliance Industries (RIL) put pressure on bourses.
GiftsOnAir set to bring in festive cheer for offline retailers
Festivals mark that time of the year when one indulges in a shopping spree, as most Indians believe that this time is auspicious to buy new things.In the past few years, the online marketers seem to be making the most of this time by offering great exclusive offers and cash backs. Some e-tailers are leaving no stone unturned to woo customers to shop on their platforms. As a result, the offline retailers have witnessed a downfall in not only the revenue but also in the footfalls in their physical stores.In this market scenario, GiftsOnAir is coming to the rescue of the offline retailers and helping them to compete with the e-commerce websites. GiftsOnAir believes that a customer is looking not just for convenience or the best deal but the whole shopping experience and thus focusing on offering uniquely crafted experience to every customer.Offline retailers have confirmed that there has been a tremendous increase in their sales post their association with GiftsonAir.com. Earlier these ..
Anant Raj consolidated net profit rises 14.26% in the September 2018 quarter
Sales decline 8.60% to Rs 103.58 crore
Alpha Hi-Tech Fuel reports standalone net loss of Rs 0.58 crore in the September 2018 quarter
Reported sales nil
Poddar Pigments standalone net profit declines 24.49% in the September 2018 quarter
Sales rise 16.85% to Rs 92.01 crore
Anant Raj standalone net profit declines 7.36% in the September 2018 quarter
Sales decline 8.75% to Rs 94.73 crore
Global cues, rupee dent equity indices; Sensex down over 400 points
Broadly negative Asian markets, along with a slightly weak rupee and a marginal rise in global crude oil prices dragged the key domestic equity indices in the red during Friday's trade session.
Sensex cracks 408 pts on global sell-off; Nifty below 10,400
The benchmark BSE Sensex sank over 408 points in early trade Friday on heavy selling in IT, energy and banking stocks triggered by weak trends in global markets. The broader NSE NIfty dipped below the 10,400-mark as 32 of its constituents led by Indiabulls Housing Finance dropped. The NSE Nifty index fell 80.85 points, or 0.77 per cent, at 10,372.30. The BSE 30-share barometer dropped 408.45 points, or 1.17 per cent, to 34,371.13 in early trade. IT, teck, auto, oil&gas and bankex were trading in the negative zone, down up to 2.40 per cent. The gauge had lost 382.90 points in the previous session on Wednesday. Index heavyweight Reliance Industries dropped more than 5 per cent despite better-than-expected earnings posted by the company on Wednesday. RIL reported its highest ever quarterly net profit of Rs 9,516 crore, a 17.4 per cent rise year-on-year, for the July-September period. Other laggards were Yes Bank, Infosys, Hero MotoCorp, Infosys, M&M, Tata Motors, Wipro, Bajaj ...
China economic growth slips to weakest since 2009, demand ebbs as trade war bites
BEIJING (Reuters) - China's economic growth cooled to its weakest pace since the global financial crisis in the third quarter, with regulators pledging further policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.
Arcelor Mittal to pay financial creditors of Uttam Galva Steels
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SBI gains on fund raising plan
State Bank of India rose 1.07% to Rs 263.95 at 09:28 IST on BSE after the bank scheduled a board meeting on 22 October 2018 to consider raising of equity capital.
Hindustan Petroleum Corporation Ltd Surges 2.17%
Hindustan Petroleum Corporation Ltd has lost 15.95% over last one month compared to 7.44% fall in S&P BSE PSU index and 7.31% drop in the SENSEX
PayPal quarterly profit beats estimates, shares rise
NEW YORK (Reuters) - PayPal Holdings Inc on Thursday reported a third-quarter profit that beat analysts' estimates as the company signed up more new customers and volume of payments processed rose.