Page 2344 - Business Finance
Board of Autoline Industries approves raising Rs 73 crore through preferential issue of shares & warrants
At meeting held on 05 October 2018
Board of Gopala Polyplast allots 1.50 lakh equity shares on conversion of warrants
At meeting held on 05 October 2018
More steps likely to cut current account deficit: Arun Jaitley
Finance Minister Arun Jaitley said on Saturday the government was trying its best to narrow down the current account deficit (CAD) and more steps were likely in that direction.
Outcome of board meeting Ganesh Foundry & Castings
At meeting held on 06 October 2018
Sharechat to monetise user base after two to three years
The regional content-based social media platform Sharechat plans to monetise its user base after two to three years, a company official said. Founded by three IIT pass outs, Sharechat recently got series C funding to the tune of USD100 million. "Presently we have an active user base of 25 million out of the total of 60 million. We plan to grow it to 100 million. In two to three years, we plan to monetise the user base", Chief Business Officer of Sharechat Sunil Kamath told PTI. "Sharechat does not have any English content, but a purely vernacular-based social media platform in 14 regional languages", Kamath said. Kamath said it was not a friends-based social media network like Facebook, but somewhat similar to Instagram. Asked how to monetise the user base, Kamath said "we will not charge the users. But earn revenue through advertisements, payment transactions and sponsored campaigns". Kamath said Telegu had the maximum number of user base at five milion and Bengali 2.1 ...
IndiGo to add Male, Phuket in its network from November
Budget passenger carrier IndiGo will commence flight operations to Male, Maldives and Phuket, Thailand from November.
RBI proposes VRR to attract long-term investment
The Reserve Bank of India, alongside the announcement of the bi-monthly monetary policy statement, proposed the introduction of a Voluntary Retention Route (VRR) to encourage Foreign Portfolio Investors (FPIs) willing to undertake long-term investments.Under the proposed route, the RBI said FPIs will have more operational flexibility in terms of instrument choices as well as exemptions from regulatory provisions such as the cap on short-term investments (less than one year) at 20 per cent of the portfolio size, concentration limits, and caps on exposure to a corporate group (20 per cent of portfolio size and 50 per cent of a single issue)."The regulatory framework for FPI investment in debt has evolved over the years, influenced by trade-offs in encouraging capital flows and attendant macro-prudential considerations," the RBI said in a statement.To be eligible to invest under the VRR route, FPIs would need to voluntarily commit to retaining in India a minimum required percentage of ...
Bajaj Finserv Offers New Home Loan at Zero Percent Processing Fee
Bajaj Finance Ltd., the lending arm of Bajaj Finserv, makes purchasing of homes an even more joyous experience for its customers this festive season.Customers can apply for a new home loan at zero per cent processing fees, irrespective of the loan amount. The offer is valid on the loan disbursed in the month of October 2018.Bajaj Finserv, the best home loan provider in India, offers easy housing finance solutions. With attractive home loan interest rates and a host of benefits to suit your finances, Bajaj Finserv Home Loans are designed to help customers get their dream home without hassle.Bajaj Finserv Home Loan also offers benefits like easy balance transfer, a high-value top-up loan and a three EMI holiday along with other attractive features. Home loans by Bajaj Finserv are bundled with advantages like convenient online application, doorstep service and much more.Factors one should consider while applying for a home loan:· Eligibility criteria: Through the home loan EMI ...
Aggressive Chinese industrial policy impacting American defense industry, says Pentagon report
The aggressive Chinese industrial policies has adversely impacted some of the critical American capabilities and its defense manufacturing base, the Pentagon said in a report. In its report at the direction of the President Donald Trump, the Pentagon said Friday while many companies have established their research and development wing in countries like India and China, the latter is different in its approach. "Many technology-intensive multinational corporations have established R&D facilities in countries like India and China for access to cheap, high skilled labour. As part of its industrial policy aggression, China has forced many American companies to offshore their R&D in exchange for access to the Chinese market," the Pentagon report said. As technical innovation moves abroad, changing rules around intellectual property development will impede US access to the latest manufacturing technologies and decrease overall competitiveness, it said. "At risk is America's loss of ..
US dollar ticks down on rising trade deficit
The US dollar was down as trade deficit of the US widened to $53.2 billion in August up from $50 billion in the previous month.
US stocks close lower amid economic data
US stocks closed lower on Friday as investors digested a batch of key economic data.
Oil prices mark weekly gain ahead of Iran sanctions
NEW YORK (Reuters) - Crude futures steadied on Friday after climbing to four-year highs earlier this week, and both Brent and U.S. crude marked weekly gains ahead of U.S. sanctions on Iranian oil exports.
Stocks fall globally after U.S. jobs data, Treasury yields rise again
NEW YORK (Reuters) - Major world stock markets sank for a second straight day on Friday after strong U.S. jobs numbers signalled a continued tightening of the labour market and increased inflation pressures, while Treasury yields rose again to multi-year highs.
Wall Street falls as solid jobs report boosts bond yields
(Reuters) - U.S. stocks dropped for a second straight day on Friday, weighed down by another rise in Treasury yields in the wake of a solid jobs report that capped off a week of robust data.
Wall Street weekahead: Are transportation stocks the market's canary in a coal mine?
NEW YORK (Reuters) - The U.S. transportation sector, which many see as a proxy indicator of the economy's health, has retreated 3.1 percent from its Sept. 14 record, hinting to some analysts that the longest bull market on record has entered its late stages.
Stocks slip globally amid U.S. jobs data, Treasury yields rise
NEW YORK (Reuters) - Stock markets dipped around the world on Friday after U.S. jobs numbers signalled a continued tightening of the labour market and increased inflation pressures, while Treasury yields rose to multi-year highs.
Greenlight comment adds to Tesla losses from Musk mocking SEC
(Reuters) - Shares of Tesla Inc fell 7 percent on Friday after David Einhorn's hedge fund Greenlight Capital slammed the electric carmaker, adding to losses sparked by CEO Elon Musk mocking the U.S. Securities and Exchange Commission on Twitter.
Corrected - Wall Street hit as bond yields climb after jobs data
(Reuters) - U.S. stocks dropped on Friday, weighed down by rising Treasury yields after data showed job growth slowed in September, while wage increases were not enough to fan worries over rising inflation or faster interest rates hikes.
Tesla shares fall after Musk mocks SEC, Greenlight's comment
(Reuters) - Shares of Tesla Inc fell 7 percent on Friday after Chief Executive Elon Musk mocked the U.S. Securities and Exchange Commission on Twitter and David Einhorn's Greenlight Capital slammed the electric carmaker in its quarterly letter.
Bihar announces additional cut in fuel prices
The Bihar government on Friday announced an additional cut of Rs 2.52 per litre on petrol and Rs 2.55 per litre on diesel prices.This comes after the central government on Thursday announced a cut of Rs 2.50 per litre on both petrol and diesel and urged the state governments to reduce the same amount.Meanwhile, the Maharashtra government has also decided to provide relief of Rs 1.56 per litre on diesel. The state had on Thursday decided to give an additional concession of Rs 2.50 per litre on petrol.The Chandigarh Administration has decided to give an additional concession of Rs 1.50 per litre in the prices of petrol and diesel each.On Thursday, Union Finance Minister Arun Jaitley announced a cut of Rs 2.50 per litre on both petrol and diesel prices. "Excise duty to be reduced by Rs 1.50 and Oil Marketing Companies will absorb one rupee. So, a total of Rs.2.50 will be reduced on both diesel and petrol," Jaitley said.After this announcement, Gujarat, Chhattisgarh, Madhya Pradesh, Uttar