Page 2261 - Business Finance
Motor & General Finance Ltd leads losers in 'B' group
Adlabs Entertainment Ltd, Nalwa Sons Investments Ltd, Cubex Tubings Ltd and Arihant Foundations & Housing Ltd are among the other losers in the BSE's 'B' group today, 16 October 2018.
Volumes soar at Rupa & Company Ltd counter
Rupa & Company Ltd recorded volume of 3.42 lakh shares by 14:14 IST on NSE, a 19.59 times surge over two-week average daily volume of 17456 shares
Barometers hover in range
The market was trading in narrow range in mid-afternoon trade. At 14:30 IST, the barometer index, the S&P BSE Sensex, was up 255.11 points or 0.73% at 35,120.21. The Nifty 50 index was up 74.70 points or 0.71% at 10,587.20. The Sensex was trading above the psychologically important 35,000 mark after opening above that level.
Web applications top security risk for IT professionals in Asia: Survey
Web and mobile applications aimed at customers are the top security challenges for businesses and IT professionals in the Asia-Pacific region, a survey said on Tuesday.
Audi to pay 800 mln euro fine in Germany over diesel cheating
Volkswagen said Tuesday its subsidiary Audi would not contest an 800-million-euro (USD 927 million) fine issued by German prosecutors over "deviations from regulatory requirements" in diesel engines. "Audi AG has accepted the fine" investigators levied for "deviations from regulatory requirements in certain V6 and V8 diesel aggregates and diesel vehicles", the group said in a statement, adding that "the fine will directly affect Volkswagen AG's financial earnings" for 2018.
Secretary MSME, Dr. A. K. Panda visits NSIC
Dr. A. K. Panda, Secretary MSME during his visit to NSIC reviewed the performance of NSIC and motivated the employees to give outstanding results during the year 2018-19 for the growth of MSME sector in the country."NSIC would not only focus on giving the best performance in the existing vertical but would also explore setting up new verticals for the growth of MSME sector and all the stakeholders so as to achieve targets of the year 2018-19," said CMD, NSIC, Sudhir Garg.Also present on this occasion were P. Udayakumar, Director (P&M), NSIC, A. K. Mittal, Director (Finance), NSIC. Dr. A. K. Panda, Secretary, MSME planted a sapling in the on-going 'Harith Saptah' being observed at NSIC.
Global Markets: Degree of calm returns to stock markets; Italy helps out
LONDON (Reuters) - World stocks nudged higher on Tuesday, as focus turned to earnings season and a rebound in Italian assets helped battered equities find firmer ground for now.
Tapps Enters Indian Footwear Industry to Redefine the Affordable Loafers Segment
/ -- Launches Fourth Tapps Franchise in Hyderabad Tapps, an all-inclusive shoe manufacturer and India's first exclusive online shoe portal, launched its fourth franchise in Hyderabad on Oct 15th, 2018. Following the success of its existing online stores in New Delhi, Madhya Pradesh and Maharashtra, the new online store offers the complete range of footwear - formal shoes, casual shoes, exclusively handcrafted leather shoes. Tapps provides unique solutions to every Indian looking for attractive and durable shoes in an affordable price range and high quality. The new collection draws inspiration from the latest fashion trends and comprises of stylish casuals, lightly textured shoes, slip-on shoes and a wide range of shoes that are made to move away from the usual pairs flooding the market. Based on its thorough experience in the footwear industry, Tapps analyzed that most big names in the market are focusing only on formal shoes. The manufacturing of casual shoes has not been paid ...
ICICI Bank Gains After Announcing Appointment Of Sandeep Bakhshi As MD & CEO
Powered by Capital Market - Live News
Oil prices dip on expectations of higher U.S. stockpiles
LONDON (Reuters) - Oil prices fell on Tuesday on expectations of an increase in U.S. crude inventories, but reports of a fall in Iranian oil exports helped limit losses.
Clariant could be hit by Saudi tensions, new CEO says
BASEL (Reuters) - The new chief executive of Clariant, which has Saudi Basic Industries Corp (SABIC) as its anchor shareholder, said rising tensions surrounding the disappearance of a Saudi Arabian journalist could hit the Swiss speciality chemicals maker.
Gold prices turn soft on weak demand from local jewellers
Gold prices fell by Rs 70 to Rs 32,180 per 10 gram at the bullion market Tuesday owing to slackened demand from local jewellers amid a weak trend overseas. Silver followed suit and eased by Rs 50 to Rs 39,700 per kg, hit by lower demand from industrial units and coin makers. Traders attributed the fall to easing demand from local jewellers and retailers following a weak trend overseas. Globally, gold fell by 0.07 per cent to USD 1,226.90 an ounce and silver by 0.20 per cent to USD 14.73 an ounce in Singapore. Diversion of funds towards rising equity markets also dampened the sentiment, traders said. In the national capital, gold of 99.9 per cent fell by Rs 70 to Rs 32,180 per 10 gram, while 99.5 per cent purity lost Rs 80 to Rs 32,020 per 10 gram. The precious metal had gained Rs 200 Monday. Sovereign gold, however, remained steady at Rs 24,700 per piece of 8 gram. Silver ready slipped by Rs 50 to Rs 39,700 per kg, while weekly-based delivery's decline was steeper, which fell by Rs ...
Japan says U.S. has not raised FX manipulation in trade talks
TOKYO (Reuters) - The U.S. government had not spoken to Japan about including provisions in free trade agreements to deter currency manipulation, Japanese Finance Minister Taro Aso said on Tuesday, although the two sides are likely to enter talks sometime next year.
Sensex rises 270 points on expectations of robust corporate earnings
Key equity indices rose in the afternoon session on Tuesday, amid expectations companies will report robust earnings for the second quarter ended September 30.
Sensex, Nifty firm up
Key barometers firmed up once again in afternoon trade. At 13:27 IST, the barometer index, the S&P BSE Sensex, was up 278.01 points or 0.80% at 35,143.11. The Nifty 50 index was up 68.45 points or 0.65% at 10,580.95. The Sensex was trading above the psychologically important 35,000 mark after opening above that level.
India may look to raise 200 billion rupees via buybacks in state-run companies: TVs
NEW DELHI (Reuters) - India may look to raise 200 billion rupees ($2.71 billion) in 2018/19 fiscal year via buyback of shares in state-run companies including Oil and Natural Gas Corp Ltd (ONGC), local TV channels reported on Tuesday, citing government sources.
Iran says Trump cannot bring oil prices down by 'bullying'
LONDON (Reuters) - U.S. President Donald Trump cannot bring oil prices down by "bullying" other nations, Iran's oil minister said on Tuesday, adding that the market was suffering from short supply.
Domestic Vegetable Oil Imports Down 2% In September 2018
The Solvent Extractors' Association (SEA) of India has compiled the Import data of Vegetable Oils (edible & non-edible) for the month of September 2018. Import of vegetable oils during September 2018 is reported at 1,491,174 tons compared to 1,519,277 tons in September 2017 consisting 1,422,003 tons of edible oils and 69,171 tons of non-edible oils i.e. down by 2%. The overall import of vegetable oils during November 2017 to September 2018 (11 months) is reported at 13,769,847 tons compared to 14,272,845 tons i.e. down by 3.5%.
NIIF to invest Rs 660 cr in HDFC Capital realty platform to fund housing projects
National Investment and Infrastructure Fund (NIIF) Tuesday announced an investment of Rs 660 crore in HDFC Capital's real estate platform that finances mid-income and affordable housing projects. The NIIF will invest in HDFC Capital Affordable Real Estate 2 (H-CARE 2), an investment platform, managed by HDFC Capital Advisors, a wholly owned subsidiary of HDFC Ltd, the company said in a statement. NIIF will join a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) as an investor in H-CARE 2, it added. H-CARE 2 is structured as a Category II Alternative Investment Fund with a corpus of Rs 4,290 crore. The fund provides mezzanine finance to developers of mid-income and affordable urban housing projects. "Housing remains a critical need in India and the demand for housing is expected to grow substantially with increased urbanisation. This demand, in conjunction with reforms implemented in the sector creates an attractive investment opportunity for disciplined developers