Page 2305 - Business Finance
HEG Ltd leads gainers in 'A' group
Interglobe Aviation Ltd, Mangalore Refinery And Petrochemicals Ltd, Graphite India Ltd and Adani Power Ltd are among the other gainers in the BSE's 'A' group today, 11 October 2018.
Global Markets: Asia shares swoon to 19-month lows; investors await U.S. data
SYDNEY/SHANGHAI (Reuters) - Share markets in Asia plunged to a 19-month low on Thursday after Wall Street's worst losses in eight months led to broader risk aversion, a rise in market volatility gauges and concerns over overvalued stock markets in an environment of rapidly rising dollar yields.
BMW plans to take control of China joint venture
Luxury carmaker BMW announced Thursday a plan to take control of its China joint-venture, the first foreign automaker to take advantage of Beijing's new ownership rules for the sector. BMW will acquire a further 25 per cent stake in the venture with Brilliance China Automotive for 3.6 billion euros (USD 4.2 billion), the company said, bringing its stake to 75 per cent by 2022. Foreign automakers have long been restricted to holding no more than a 50 per cent stake in their China operations, but Beijing decided to relax the ownership caps this year.
Silver falls Rs 20/kg on weak global cues
Taking weak cues from global market, silver prices fell by Rs 20 to Rs 38,465 per kg in futures trade Thursday as participants engaged in cutting down their bets. Moreover, profit-booking too put pressure on silver prices. At the Multi Commodity Exchange, silver for delivery in December was trading lower by Rs 20 or 0.05 per cent to Rs 38,465 per kg in a business turnover of 204 lots. The white metal for delivery in November, too, lost Rs 13 or 0.03 per cent to Rs 38,505 per kg in a business volume of 1,176 lots. In the international market, silver was trading 0.14 per cent down at USD 14.34 an ounce in Singapore. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas.
iPhone owners may soon get original shows for free: Report
As part of a new digital TV strategy, Apple may give owners of its devices, such as the iPhone, iPad and Apple TV, free access to content owned by the company in addition to an option to subscribe to services from legacy media companies, CNBC reported.
Crude oil futures slide 1.81% on weak global cues
Crude oil softened by 1.81 per cent to Rs 5,364 per barrel in futures trade Thursday as speculators trimmed positions amid weak global cues. Besides, profit-booking at current levels weighed on crude oil prices. At the Multi Commodity Exchange, crude oil for delivery in November declined by Rs 99, or 1.81 per cent, to Rs 5,364 per barrel, in a business turnover of 289 lots. On similar lines, crude for delivery in October shed Rs 98, or 1.80 per cent, to Rs 5,356 per barrel in 1,783 lots. Analysts said trading sentiment weakened after participants took profits when oil prices fell in overseas market. Globally, the US benchmark West Texas Intermediate for delivery was down by USD 1.24, or 1.69 per cent, to USD 71.93 and Brent crude fell USD 1.48, or 1.78 per cent, to USD 81.61 a barrel.
Muted demand drags down mentha oil futures 0.08 pc
Mentha oil prices drifted lower by 0.08 per cent to Rs 1,733.10 per kg in futures trade Thursday as speculators trimmed positions, driven by sluggish demand from industries at the spot market. Besides, ample stocks position on higher supplies from producing regions, too, weighed on mentha oil prices. At the Multi Commodity Exchange, mentha oil for delivery this month traded lower by Rs 1.40, or 0.08 per cent, to Rs 1,733.10 per kg, in a business turnover of 74 lots. Analysts said off-loading of positions by participants due to subdued demand from consuming industries at the spot market against ample stocks position on higher supplies from Chandausi in Uttar Pradesh mainly led to the decline in mentha oil prices in futures trade.
TCS drops ahead of Q2 result
TCS lost 2.55% to Rs 1,991 at 11:35 IST on BSE ahead of its Q2 September 2018 result today, 11 October 2018.
Indiabulls Ventures consolidated net profit rises 154.25% in the September 2018 quarter
Sales rise 192.96% to Rs 476.33 crore
Fed's Bullard says policy rates already 'in a good position'
NUSA DUA, Indonesia (Reuters) - The Federal Reserve's policy rates are "in a good position" after several hikes and the central bank doesn't need to do much more to normalise its once ultra-easy policy, St. Louis Federal Reserve Bank President James Bullard said on Thursday.
Rupee hits lifetime low, stocks tumble on global markets sell-off
MUMBAI (Reuters) - The rupee plumbed new lows and stock markets fell deeper into the red for the year on Thursday, rocked by sell-offs across global markets spooked by escalating global trade tensions and warnings of a growth slowdown.
Airline stocks fly high on ATF excise duty cut
Airline stocks surged up to 7.4 per cent Thursday after the government cut excise duty on jet fuel to 11 per cent to give relief to the aviation industry. Shares of InterGlobe Aviation zoomed 7.44 per cent, Jet Airways soared 4.70 per cent and SpiceJet 4.69 per cent on BSE. After petrol and diesel, the government Wednesday cut excise duty on jet fuel to 11 per cent to give relief to the aviation industry that has been hit hard over recent weeks by rising fuel prices and plummeting rupee. Jet fuel prices this month hit their highest level since January 2014 as rising international oil prices and plummeting rupee value pushed rates.
SORIL Infra Resources allots 39 lakh equity shares
To foreign portfolio investors
Global slide, rupee dent domestic indices; Sensex down by over 800 points
A massive slide in global stock markets, along with a weak rupee plunged the key domestic equity indices during the morning trade session on Thursday.
Sensex nosedives 1,000 points, Nifty near 10,144
The Indian stock markets on Thursday opened in red with the Sensex witnessing a slump of 1008 points or 2.9 per cent to 33, 753 and the NSE Nifty 50 Index nosedived 316 points or 3 per cent to 10,144 amid the weak global cues.The India rupee also touched a new low of Rs 74.46 per dollar plunging by 10 paise at Rs 74.30 per dollar versus previous close Rs 74.20.Speaking to ANI, market expert Sunil Shah said, "People are now deciding to move their money out of any of the Asset classes as a trade war between the countries across the world is going on. I believe that the implications of the trade war will have an impact on the market in the longer term."The Indian market indices have shown the downward trend as only 56 shares advanced against a decline of as many as 338 shares, while more than 3,000 shares remained stagnant.Most of the shares belonging to metals, automobiles, banks, and pharmaceuticals sectors are bearing the maximum pain as the market has turned bearish. Top losers on ...
Volumes spurt at CRISIL Ltd counter
CRISIL Ltd registered volume of 14501 shares by 10:48 IST on BSE, a 27.02 fold spurt over two-week average daily volume of 537 shares
Euro zone bailout fund head: no reason to expect Italy to lose market access
NUSA DUA, Indonesia (Reuters) - There is no immediate danger of Italy losing market access or being downgraded below investment grade because the Italian economy has underlying strengths, the head of the euro zone bailout fund ESM Klaus Regling said on Thursday.
Fuel prices continue to rise
Fuel prices continued to soar on Tuesday, with petrol and diesel rates being hiked by 10 paise and 27 paise respectively in Delhi.After the revision, petrol is being sold at Rs 82.36 per litre, while diesel rates have escalated to Rs 74.62 in the national capital.In Mumbai, petrol and diesel rates were hiked by 9 paise and 29 paise each. Petrol is retailed at Rs 87.82 and diesel is sold at Rs 78.22.Fuel prices have been witnessing a steep rise since the past few months. While the Opposition has repeatedly blamed the union government for not doing enough to keep a check on prices, the latter has maintained that global crude oil prices and other international factors are causing a hike in prices of petroleum products.On October 4, the union government had announced a cut of Rs 2.50 per litre on both petrol and diesel prices after curbing excise duty on the commodity by Rs 1.50 per litre. While making the announcement, Finance Minister Arun Jaitley had also recommended all state ...
IMF chief says China faces balancing act as it seeks to maintain growth
NUSA DUA, Indonesia (Reuters) - International Monetary Fund Managing Director Christine Lagarde said on Thursday that she believes Chinese authorities are trying to maintain growth and stability in the face of a trade conflict with the United States, but added that this is a "complicated" balancing act.
Mahindra & Mahindra introduces leasing option for retail buyers
Rentals start at Rs 13499 pm for KUV100NXT