Page 23 - Business Finance
Zinc futures shed 0.54% on tepid demand
Zinc prices eased 0.54 per cent to Rs 202.95 per kg in futures trade Friday as speculators cut down positions, taking weak cues from the spot market. On Multi Commodity Exchange, zinc for delivery in current month declined Rs 1.10, or 0.54 per cent, to Rs 202.95 per kg in a business turnover of 3,899 lots. Marketmen said weakness in metals in the domestic spot market owing to slackened demand from consuming industries influenced prices.
Start-ups to compete at first-ever Dubai Start-Up Hub road show in India
Innovative start-ups from India will have an opportunity to pitch and compete for business setup support in Dubai when they gather for the first-ever Dubai Start-up Hub roadshow which will be held in Delhi and Bangalore on June 24th-26th 2019.The roadshow is organised by Dubai Start-up Hub, an initiative of Dubai Chamber of Commerce and Industry, which provides a platform for start-ups to participate in programmes, initiatives, training and collaborate and network with key stakeholders within Dubai's entrepreneurial ecosystem.The initiative aims to identify and attract high-potential start-ups from India that offer cutting-edge solutions that can be adapted in the Dubai market and support the city's strategic plans to become a global innovation hub and knowledge-based economy.The three-day road show, supported by Start-up India and NASSCOM 10000 Start-ups, will also feature site visits, informative presentations from leading UAE public and private players that support start-ups in ...
Indices continue hovering in the red
The main stock indices continued to trade lower in the afternoon trade. At 13:19 IST, the barometer index, the S&P BSE Sensex, was down 230.57 points or 0.58% at 39,371.06. The Nifty 50 index was down 58.95 points or 0.50% at 11,772.80.
Gold futures jump Rs 84 to Rs 34,110/10 gm
Gold prices edged up by Rs 84 to Rs 34,110 per 10 gram at futures trade Friday on firm demand by local jewellers at the spot market. However, weak global sentiment capped the gains. On the Multi Commodity Exchange, gold to be delivered in June contracts was up by Rs 84, or 0.25 per cent, to trade at Rs 34,110 per 10 gram in a business turnover of 18,056 lots. According to analysts, raising of bets by speculators at current levels mainly pushed up gold prices at futures trade here but a subdued trend overseas limited the gains. Globally, however, the precious metal was trading 0.43 per cent lower at USD 1,294.19 an ounce in New York.
Indiabulls Housing Finance gets CCI nod to merge with Lakshmi Vilas Bank
Indiabulls Housing Finance said on Friday that the Competition Commission of India (CCI) has approved its proposed merger with Lakshmi Vilas Bank.On April 5, private sector lender Lakshmi Vilas Bank and Indiabulls Housing Finance had announced a merger plan in an all-stock deal."The Competition Commission of India ... at its meeting held on June 20 considered the proposed combination and approved the same," Indiabulls Housing Finance said in a statement. The scheme of amalgamation remains subject to receipt of applicable regulatory and other approvals."The merged entity, to be called Indiabulls Lakshmi Vilas Bank, will be among the top eight private banks in India by size and profitability.After the proposed merger, Indiabulls Housing Finance will get access to low-cost deposits, geographical diversification and expanded client-base and cross-selling opportunities.The Indiabulls Group has been in talks with joint venture partner Blackstone Group and other leading developers like ...
Steel Authority of India Ltd spurts 1.11%
Steel Authority of India Ltd is quoting at Rs 50.15, up 1.11% on the day as on 12:54 IST on the NSE. The stock is down 40.23% in last one year as compared to a 8.8% gain in NIFTY and a 14.28% gain in the Nifty Metal index.
Hindalco Industries Ltd gains for third straight session
Hindalco Industries Ltd is quoting at Rs 196.8, up 1.29% on the day as on 12:54 IST on the NSE. The stock is down 11.35% in last one year as compared to a 8.8% jump in NIFTY and a 14.28% jump in the Nifty Metal index.
ICICI Lombard General Insurance Company Ltd rises for third straight session
ICICI Lombard General Insurance Company Ltd is quoting at Rs 1184.75, up 1.87% on the day as on 12:54 IST on the NSE. The stock is up 62.63% in last one year as compared to a 8.8% jump in NIFTY and a 19.34% jump in the Nifty Financial Services index.
FM Nirmala Sitharaman holds pre-budget meeting with finance ministers of all states
Union Finance Minister Nirmala Sitharaman on Friday held a pre-budget meeting with finance ministers of all the states. She is scheduled to present the budget for 2019-20 on July 5. The Economic Survey for the current financial year will be tabled on July 4.On Wednesday, the Finance Minister held the 20th meeting of the Financial Stability and Development Council (FSDC) to review the current global and domestic economic situation and financial stability issues including, inter-alia, those concerning Banking and NBFCs.The Council was also apprised of the progress made towards setting-up of the Financial Data Management Centre (FDMC) to facilitate integrated data aggregation and analysis as also a Computer Emergency Response Team (CERT-Fin) towards strengthening the cybersecurity framework for the financial sector.The Council also held consultations to obtain inputs/ suggestions of the financial sector regulators for the Budget. All the regulators presented their proposals for the Union
NCC Finance announces appointment of MD and change in CFO
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WNS Group CEO delivers keynote address at Aon's 12th Annual Performance and Rewards Conference
WNS (Holdings) Limited (NYSEThe theme of the conference was 'Demystifying Agility', with a focus on how organizations can re-think their approach to designing people-related processes and systems of engagement."In today's unprecedented business landscape, where technology is driving unprecedented transformation, agility in business and people practices is key to driving sustainable organizational performance and effective rewards practices. However, for agility to be the real differentiator, it must also have the right balance between an empathetic and performance-oriented workplace", Keshav said."Our research has shown that agility is fundamentally a function of the ability of companies to sense change, understand their core and adapt. It was great to have WNS' partnership in our flagship conference given the phenomenal journey that it has gone through in the last decade", said Anandorup Ghose, Partner, Emerging Markets, Aon.In the 12th edition of the conference, Aon India brought ...
Barometers trade with modest losses
The Sensex and the Nifty were trading in a narrow band with modest losses in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, was down 233.47 points or 0.59% at 39,368.16. The Nifty 50 index was down 54.45 points or 0.46% at 11,777.25.
Mahindra Finance partners with Manulife for asset management JV in India
The joint venture brings together Mahindra's domestic market strength and track record of successfully building businesses focused on meeting customer needs, with Manulife's global wealth and asset management capabilities and richness of experience in servicing the needs of Asian consumers, across developed and developing markets.
Aviation stocks slide on firm crude oil prices
Two aviation stocks fell 2.56% to 4.90% at 12:24 IST on BSE, following a firmness in global crude oil prices.
Indiabulls Housing Finance, Lakshmi Vilas Bank rise after CCI approves merger
Indiabulls Housing Finance and Lakshmi Vilas Bank rose by 3.01% to 10% at 11:59 IST on BSE after the Competition Commission of India approved the proposed amalgamation of Indiabulls Housing Finance with the Lakshmi Vilas Bank.
Travel smart this monsoon with Bajaj Finserv RBL Bank SuperCard
Bajaj Finance Limited, the lending arm of Bajaj Finserv has launched some exciting offers on their Bajaj Finserv RBL Bank SuperCard to make your monsoon season more vibrant.Customers planning on travelling during this season can now save on fuel costs by using their SuperCard.Benefits of the Bajaj Finserv RBL Bank SuperCardEnjoy amazing cashback offersThe Bajaj Finserv RBL Bank SuperCard is a credit card like no other that gives you the power of 4 cards in 1. India's first ever SuperCard comes with some unique features and benefits which will help you to save money every time you fill fuel in your car.To begin with, the card offers 10 per cent cash back, up to Rs 250 per month, on every fuel purchase that you make at any fuel pump in India. This feature itself will help you save up to Rs 3,000/- every year. Apart from the cashback, the SuperCard also offers a Fuel surcharge waiver of up to Rs 100 per month enabling you to save Rs 1,200 additional every year.With the fuel prices ...
ETF Securities in Australia launches India's first exchange-traded fund
ETF Securities has launched the first Indian exchange-traded fund (ETF) in Australia in partnership with Reliance Nippon Life Asset Management (RNAM).Listed on the Australian Securities Exchange with the code NDIA, the ETF will provide Australian investors an opportunity to tap into the world's fastest-growing major economy.NDIA tracks India's Nifty 50 Index, which holds the country's fifty biggest companies listed on the National Stock Exchange (NSE). It accounts for 13 sectors representing about 66.8 per cent of the free float market capitalisation of the stocks listed on the NSE.RNAM took over the schemes of Goldman Sachs India in 2016 with assets under management of Rs 24,546 crore and has 60 per cent of ETF folio share -- the highest number of ETF folios in the industry. RNAM has been a pioneer in the Indian ETF market with over 17 years of experience in managing ETFs in India."RNAM is the first Indian asset management company to partner with an international asset manager to ...
Hotel Leela Venture Ltd leads gainers in 'B' group
Jindal Photo Ltd, Parenteral Drugs (India) Ltd, Super Spinning Mills Ltd and AMJ Land Holdings Ltd are among the other gainers in the BSE's 'B' group today, 21 June 2019.
HEG bounces back after 7-day decline
HEG rose 6.91% to Rs 1,347.45 at 11:52 IST on BSE on bargain hunting after a recent slide.
Jet Airways (India) Ltd leads gainers in 'A' group
Lakshmi Vilas Bank Ltd, Suzlon Energy Ltd, Jammu and Kashmir Bank Ltd and Jaiprakash Associates Ltd are among the other gainers in the BSE's 'A' group today, 21 June 2019.
