Page 2290 - Business Finance
Eros International Media Ltd spurts 4.7%
The stock is quoting at Rs 81.3, up 4.7% on the day as on 12:49 IST on the NSE. Eros International Media Ltd is down 63.53% in last one year as compared to a 2.92% drop in NIFTY and a 14.32% drop in the Nifty Media index.
T.V. Today Network Ltd spurts 5.4%, up for third straight session
The stock is quoting at Rs 413.95, up 5.4% on the day as on 12:49 IST on the NSE. T.V. Today Network Ltd is up 14.29% in last one year as compared to a 2.92% fall in NIFTY and a 14.32% fall in the Nifty Media index.
Inox Leisure Ltd up for third consecutive session
The stock is quoting at Rs 216.4, up 7.98% on the day as on 12:49 IST on the NSE. Inox Leisure Ltd is down 10.91% in last one year as compared to a 2.92% slide in NIFTY and a 14.32% slide in the Nifty Media index.
United Spirits Ltd up for third straight session
The stock is quoting at Rs 506.4, up 1.95% on the day as on 12:49 IST on the NSE. United Spirits Ltd is up 3.87% in last one year as compared to a 2.92% jump in NIFTY and a 10.54% jump in the Nifty FMCG index.
Marico Ltd spurts 4.58%, gains for third straight session
The stock is quoting at Rs 319.75, up 4.58% on the day as on 12:49 IST on the NSE. Marico Ltd is up 0.87% in last one year as compared to a 2.92% gain in NIFTY and a 10.54% gain in the Nifty FMCG index.
Oil & Natural Gas Corpn Ltd gains for third consecutive session
The stock is quoting at Rs 157, up 2.65% on the day as on 12:49 IST on the NSE. Oil & Natural Gas Corpn Ltd is down 7.46% in last one year as compared to a 2.92% spurt in NIFTY and a 4.01% spurt in the Nifty Energy index.
Indian Oil Corporation Ltd up for third straight session
The stock is quoting at Rs 134.5, up 2.67% on the day as on 12:49 IST on the NSE. Indian Oil Corporation Ltd is down 35.12% in last one year as compared to a 2.92% jump in NIFTY and a 4.01% jump in the Nifty Energy index.
GAIL (India) Ltd soars 2.86%, rises for third straight session
The stock is quoting at Rs 360.25, up 2.86% on the day as on 12:49 IST on the NSE. GAIL (India) Ltd is up 9.79% in last one year as compared to a 2.92% gain in NIFTY and a 4.01% gain in the Nifty Energy index.
Bharat Petroleum Corporation Ltd soars 4.08%
The stock is quoting at Rs 289.5, up 4.08% on the day as on 12:49 IST on the NSE. Bharat Petroleum Corporation Ltd is down 40.76% in last one year as compared to a 2.92% spurt in NIFTY and a 4.01% spurt in the Nifty Energy index.
Hindustan Petroleum Corporation Ltd gains for third straight session
The stock is quoting at Rs 217.85, up 4.76% on the day as on 12:49 IST on the NSE. Hindustan Petroleum Corporation Ltd is down 52.6% in last one year as compared to a 2.92% jump in NIFTY and a 4.01% jump in the Nifty Energy index.
Yes Bank Ltd spurts 3.29%, up for five straight sessions
The stock is quoting at Rs 248.1, up 3.29% on the day as on 12:44 IST on the NSE. Yes Bank Ltd is down 32.89% in last one year as compared to a 2.84% gain in NIFTY and a 2.9% gain in the Nifty Bank.
Sensex, Nifty rebounds 2% on value buying and stable rupee
The key equity indices gained over two per cent during the mid-afternoon session of the trade on Friday rebounding from the losses made after wide-sell off in the global markets which plunged the domestic markets by two per cent on Thursday.
Mahindra Agri Solution inks JV with Sumitomo for crop protection biz
Mahindra group firm Mahindra Agri Solutions Friday announced a joint venture with Japan's Sumitomo Corporation Group to expand its crop protection business and aims to reach annual sales revenue of USD 100 million in the next five years. Mahindra and Sumitomo Corporation will have 60 per cent and 40 per cent stake, respectively, in the new company named Mahindra Summit Agriscience Limited. Sumitomo Corporation Group is a global player in multiple industries including crop care, having access to the latest crop protection technologies, while Mahindra Agri Solutions Ltd (MASL) is a subsidiary of Mahindra & Mahindra, part of the USD 20.7 billion Mahindra Group. The combined strength of both the companies will leapfrog MASL's crop care business into the next orbit of growth. The partnership will offer a pipeline of specialty, new generation products with unique and latest molecules to effectively manage pest and insect related challenges faced by farmers. When contacted, MASL's MD and
Board of Kitex Garments approves incorporation of four new subsidiaries
At meeting held on 12 October 2018
Underlying Strengths Indicative Of Potential Of India To Become $5 Trillion Economy By 2025
India is one of the fastest growing major economies and is currently ranked as the world's sixth largest economy, according to a latest update from the Ministry of Commerce & Industry. Projections of growth, over the medium term, remain encouraging and optimistic for India. The underlying strengths are indicative of the potential of India to achieve a $5 trillion economy by 2025. The current structure of the economy and the emerging dynamics provide us grounds to target achieving 1 trillion dollar from agriculture and allied activities, 1 trillion from manufacturing and 3 trillion from services.
Indonesian president says trade wars too destructive
Indonesian President Joko Widodo took aim Friday at sparring for dominance between big economies like the US and China, saying trade wars are an invitation to destruction and are pointless in a "sinking world." Criticism over the tariffs standoff between Washington and Beijing has been abundant during the annual meeting of the International Monetary Fund and World Bank on the Indonesian island of Bali. Coming amid an unnerving spate of turmoil in world financial markets, much attention has focused on threats to growth from the uncertainty and disruptions associated with trade friction. "The balance of powers and the alliances among major economies are breaking down. Weakness in coordination and cooperation has caused many problems, including the dramatic rise in the price of crude oil and turmoil in the currency markets of developing economies," Widodo told the gathering of financial officials, central bank governors and experts. Instead, attention should be focused on slowing growth .
TCS shares drop nearly 4% post Q2 earnings
Shares of TCS Friday fell nearly 4 per cent even as the company reported a 22.6 per cent jump in consolidated net profit in the July-September quarter this year. The stock despite a positive opening, surrendered all its early gains and declined 3.78 per cent to Rs 1,904.80 as the trade progressed on BSE. At NSE, the stock dropped 3.88 per cent to Rs 1,903. The scrip was the worst hit among the blue chips on both the key indices during the morning trade. The country's largest software exporter Thursday reported a 22.6 per cent jump in consolidated net profit at Rs 7,901 crore in the July-September quarter, buoyed by strong demand for digital services. Tata Consultancy Services (TCS) had posted a net profit of Rs 6,446 crore in the same period last fiscal, the company said in a statement. The Tata group company saw a revenue growth of 20.7 per cent at Rs 36,854 crore in the September quarter, up from Rs 30,541 crore a year ago.
Cashfree partners with Ola Money to bring micro-lending to online shoppers
Bangalore- based payments technology company Cashfree has partnered with Ola Money to launch 'Pay Later' facility for the consumers of its online merchants. The service allows consumers to defer payments for online shopping through a short-term micro-loan.Popularly known as 'Buy Now, Pay Later', the service is faster than regular banking transactions with zero friction.Using the service, consumers can get 15 days credit for an amount ranging from Rs.1500 to Rs.20,000, depending on their credit profile. The service is especially useful for consumers who do not have a credit card or do not have their online banking credentials.Nitin Gupta, CEO of Ola Money, said, "We are excited to take Ola Money Postpaid to a whole new set of online merchants through Cashfree. We have been running Ola Money Postpaid for some time on Ola Cabs app and the response has been phenomenal. Cashfree has given us the distribution we needed for getting to a versatile set of merchants.""We are excited to enable ..
Revv announces expansion to four new cities; to add five more cities by year-end
Car-sharing platform Revv has announced expansion of its services to four new cities, adding to its current footprint of eleven cities.The expansion includes three Tier II cities including Ahmedabad, Kochi and Mangalore. The fourth city is Kolkata, the only metro where Revv was not operating till now.Another five cities will be operational before the end of this year, which will take Revv's geographical footprint to 20 cities. This expansion will be accompanied with a corresponding increase in fleet size, and new one-way intercity routes.This development comes close on the heels of their recent investment announcement where they secured INR 100 Cr in a Series B funding round led by Hyundai Motor, existing investors Edelweiss and Beenext, and new investors Dream Incubator, Sunjay Kapur of Sona BLW, and Telama Investment. Revv's plan is to increase its geographical footprint to 30 cities in the next 12 months."We are excited about the prospect of serving these cities. Each of them is ...
No respite for commoners as fuel prices witness fresh hike
Fuel prices across the country continued to rise unabated and touched new record levels on Friday despite the central government announcing a Rs 2.50 per litre cut in excise duty recently.In Delhi, petrol is being sold at Rs 82.48 per litre after an increase of 12 paise while diesel is being sold at Rs 78.51 per litre after a 29 paise revision.Skyrocketing prices of fuel are also continuing to burn holes in the pockets of common man residing in Mumbai, where petrol is retailing at Rs 87.94 per litre and diesel at Rs 78.51 per litre.The Centre has maintained that prices of fuel have reached record highs due to an increase in global crude oil prices and depreciation of the Indian rupee.In the wake of increasing fuel prices, Finance Minister Arun Jaitley had earlier announced a cut of Rs 2.50 per litre on both petrol and diesel prices and directed the state governments to implement the same.While the revision in prices was implemented in Gujarat, Chhattisgarh, Bihar, Uttar Pradesh, ...