Page 2317 - Business Finance
Indiabulls Housing Finance Ltd gains for third consecutive session
The stock is quoting at Rs 969, up 2.4% on the day as on 12:49 IST on the NSE. Indiabulls Housing Finance Ltd is down 23.12% in last one year as compared to a 4.6% spurt in NIFTY and a 5.78% spurt in the Nifty Financial Services index.
Bajaj Finserv Ltd soars 8.97%, Gains for third straight session
The stock is quoting at Rs 5915.85, up 8.97% on the day as on 12:49 IST on the NSE. Bajaj Finserv Ltd is up 11.59% in last one year as compared to a 4.6% gain in NIFTY and a 5.78% gain in the Nifty Financial Services index.
Amara Raja Batteries Ltd soars 1.14%, rises for third straight session
The stock is quoting at Rs 742.5, up 1.14% on the day as on 12:49 IST on the NSE. Amara Raja Batteries Ltd is up 8.96% in last one year as compared to a 4.6% gain in NIFTY and a 18.64% gain in the Nifty Auto index.
Hero MotoCorp Ltd gains for third consecutive session
The stock is quoting at Rs 2928.9, up 1.28% on the day as on 12:49 IST on the NSE. Hero MotoCorp Ltd is down 20.62% in last one year as compared to a 4.6% spurt in NIFTY and a 18.64% spurt in the Nifty Auto index.
MRF Ltd rises for third consecutive session
The stock is quoting at Rs 63401.05, up 2.26% on the day as on 12:49 IST on the NSE. MRF Ltd is down 0.06% in last one year as compared to a 4.6% spurt in NIFTY and a 18.64% spurt in the Nifty Auto index.
Ashok Leyland Ltd spurts 2.75%, rises for third straight session
The stock is quoting at Rs 113.9, up 2.75% on the day as on 12:49 IST on the NSE. Ashok Leyland Ltd is down 8.55% in last one year as compared to a 4.6% gain in NIFTY and a 18.64% gain in the Nifty Auto index.
Yes Bank Ltd soars 4.45%, rises for third straight session
The stock is quoting at Rs 234.65, up 4.45% on the day as on 12:49 IST on the NSE. Yes Bank Ltd is down 35.36% in last one year as compared to a 4.6% gain in NIFTY and a 4.37% gain in the Nifty Bank index.
RBL Bank Ltd spurts 5.29%, rises for third straight session
The stock is quoting at Rs 526.2, up 5.29% on the day as on 12:49 IST on the NSE. RBL Bank Ltd is up 3.38% in last one year as compared to a 4.6% gain in NIFTY and a 4.37% gain in the Nifty Bank index.
F-Secure appoints Rahul Kumar as Country Manager for India and Saarc
Global cybersecurity firm F-Secure on Wednesday announced the appointment of Rahul Kumar as the Country Manager for India and Saarc.
India's frauds investigator probes five IL&FS firms for fund diversion: ET
(Reuters) - The Serious Fraud Investigation Office (SFIO) has narrowed on five arms of Infrastructure Leasing & Financial Services (IL&FS)that may have been involved in fund diversion and mismanagement, the Economic Times reported.
HDFC Bank to gain access to over 30,000 start-ups through AEP
HDFC Bank has announced the launch of its Accelerator Engagement Programme (AEP). In this first-of-its-kind programme, HDFC Bank will partner with leading start-up accelerators from across the world to gain early access to over 30,000 fintech ideas and innovative solutions.Start-up accelerators are organisations that help early-stage companies develop their product and business model, and also connect with investors. The bank will focus on those working in the area of artificial intelligence (AI), machine learning (ML), analytics, and robotic process automation.In the first phase, the Bank launched the programme in association with the United Kingdom's Department for International Trade (UK DIT) and start-up accelerators 91springboard and IvyCamp.AEP was launched in Mumbai by Nitin Chugh, Country Head - Digital Banking, HDFC Bank in the presence of Ben Green, First Secretary, Trade, DIT; Lord Mayor of the City of London, Alderman Charles Bowman; Mithun Shetty, Head of Community ...
Lockheed Martin, Tata Host F-16 supplier conference in India
Lockheed Martin Corp. and Tata Advanced Systems Limited (TASL) are hosting an F-16 industry supplier conference this week in India.Current F-16 suppliers and prospective Indian industry partners at the event are gathering to discuss opportunities on the F-16 program - the world's largest fighter aircraft ecosystem."The F-16 provides unmatched opportunities for Indian companies of all sizes, including Micro, Small & Medium Enterprises and suppliers throughout India, to establish new business relationships with Lockheed Martin, Tata and other U.S. and global industry leaders," said Vivek Lall, Vice President of Strategy and Business Development for Lockheed Martin Aeronautics."Exclusive F-16 production integrates Indian industry into a [USD] $165 billion fighter aircraft sustainment market," added Vivek Lall."We are delighted to host the supplier conference with our partners Lockheed Martin and provide a platform that will allow Indian players in the industry explore opportunities, .
Save thrice with Snapdeal's 'Mega Diwali' sale offers
India's largest value-focused e-commerce marketplace Snapdeal has kicked off its Mega Diwali Sale, offering buyers the opportunity to add three types of discounts to get the lowest price for their purchases.For instance, a 49" Full HD LED TV is priced at Rs 22,990 against the full price of Rs 39,990. Using IndusInd Bank or Standard Chartered Bank cards, buyers can get another Rs. 2000 additional discount.They can then also apply a "GET400" promo code to save another Rs 400. Thus, the effective price would be reduced to Rs. 20,590, a saving of nearly 49%.Similar offers are also available on popular items like Fastrack / Titan watches, sunglasses, JBL sound bars, Philips bluetooth speakers, trimmers and hair dryers.A range of household offers includes fast selling items like gas stoves, pressure cookers, cotton bed sheets, double-walled coffee and tea mugs.Motorized treadmills, leg and foot massagers, fitness equipment and active-wear (track pants, t-shirts etc.) are very popular Diwali
Sensex witnesses 400-point surge, Nifty above 10,400
Market indices got off to a positive start on Wednesday morning owing to significant gains in sectoral indices.The BSE's Sensex saw a 398.34 point rise to trade at 34,697.81, while Nifty is inching closer to the 10,500 mark, currently trading at 10,437.70.1,236 shares advanced against a decline of 420 shares, while 1,708 shares were unchanged. Banks, infrastructure and metals saw significant gains in morning trade.While Hero MotoCorp, Maruti Suzuki and Bajaj Finance are the top gainers, Yes Bank and Infosys have incurred maximum losses.The Indian rupee gained in early trade, and opened 24 paise higher at Rs 74.15 per dollar versus its previous close of Rs 74.39.
Broader market soars
The market was hovering near the day's high in early afternoon trade. At 12:27 IST, the barometer index, the S&P BSE Sensex, was up 400.80 points or 1.17% at 34,700.27. The Nifty 50 index was up 139.95 points or 1.36% at 10,441.
US Treasury chief warns China against currency devaluations
US Treasury Secretary Steven Mnuchin has warned China against engaging in competitive currency devaluations as the two countries wage a trade war, in comments published in the Financial Times. There are several factors behind the recent fall in the Chinese yuan, or renminbi (RMB), including economic issues in China, Mnuchin he told the newspaper ahead of meetings in Bali, Indonesia of the IMF, World Bank and G20. "As we look at trade issues there is no question that we want to make sure China is not doing competitive devaluations," Mnuchin told the FT. President Donald Trump has repeatedly accused China of manipulating its currency by allowing it to weaken to gain the upper hand the trade dispute with Washington. The yuan has fallen for weeks against the US dollar, dropping nine percent in the past six months, which makes Chinese goods cheaper to import even with punitive US tariffs. But the US dollar has strengthened four percent this year as interest rates have risen. Mnuchin said ..
Reform Agenda To Realize Full Potential Only When It Receives Support From All Sections Of Society
The Vice President of India, M Venkaiah Naidu has said that government of India's reform agenda would realize the full potential only when it receives support from all sections of the society. To achieve the herculean task, he called on business associations and Chambers of Commerce to promote tax compliance and run campaign against the black money.
Gold steady as dollar takes a breather
BENGALURU (Reuters) - Gold prices held steady on Wednesday as expectations of more U.S. interest rate increases pressured demand, although the metal drew some support from the dollar coming off a seven-week high.
Why an efficient financial system is crucial to consumption ecosystem (Column: Behind Infra Lines)
Access to financing of the right quality and quantity is critical for the growth of companies, industries and economies. In benign financial markets, the aphorism "A rising tide lifts all boats" holds. It is only when market volatility appears that the quality of various businesses can be truly deciphered.
TD Power Systems Ltd leads gainers in 'B' group
Genus Power Infrastructures Ltd, Universal Cables Ltd, Peninsula Land Ltd and RSWM Ltd are among the other gainers in the BSE's 'B' group today, 10 October 2018.