Page 2503 - Business Finance
BSE to conduct mock trading in commodity derivatives segment on Saturday
Leading stock exchange BSE will conduct mock trading in live environment for commodity derivatives segment on Saturday as it prepares itself for the launch of trade in such products. The platform offers trading in equities, equity derivatives as well as currency derivatives. "The exchange proposes to schedule mock trading session in live environment (for commodity derivatives segment) on Saturday, September 22, 2018," BSE said in a circular. The exchange had held mock trading session in the segment in January this year. Larger rival NSE had conducted a similar session on September 1. Last month, BSE Managing Director and Chief Executive Ashish Chauhan had said the exchange would launch trading in the commodity derivatives segment from October 1, and to start with, it will focus on non-agri products. "We will start with non-agriculture commodities like metals, energy and base metals," he had said. The Securities and Exchange Board of India (Sebi) last December announced that from ...
GAIL (India) Ltd soars 2.63%, rises for third straight session
The stock is quoting at Rs 384.65, up 2.63% on the day as on 12:49 IST on the NSE. GAIL (India) Ltd is up 22.9% in last one year as compared to a 11.41% gain in NIFTY and a 15.87% gain in the Nifty Energy index.
Divis Laboratories Ltd spurts 0.77%, up for fifth straight session
The stock is quoting at Rs 1390.45, up 0.77% on the day as on 12:44 IST on the NSE. Divis Laboratories Ltd is up 47.48% in last one year as compared to a 11.43% jump in NIFTY and a 12.58% jump in the Nifty Pharma.
TVS Motor Company Ltd spurts 0.14%, gains for five straight sessions
The stock is quoting at Rs 593.55, up 0.14% on the day as on 12:44 IST on the NSE. TVS Motor Company Ltd is down 9.37% in last one year as compared to a 11.43% gain in NIFTY and a 4.53% gain in the Nifty Auto.
Brussels Airlines to bow out of Mumbai
Citing economic constraints, Belgium's national carrier Brussels Airlines will cease its Mumbai sector services from January 2019, it was announced here on Wednesday.
Indian companies leave 39% of security alerts unattended: Cisco
Companies in India receive a whopping 500,000 security alerts every day and 39 per cent of them, or up to 200,000 alerts, go unattended due to lack of required skill sets, said a Cisco study released on Wednesday.
Market breadth turns negative
Key indices trimmed gains in early afternoon trade. At 12:22 IST, the barometer index, the S&P BSE Sensex, was up 71.63 points or 0.19% at 37,362.30. The Nifty 50 index was up 18.05 points or 0.16% at 11,296.95.
Britain refers Sainsbury's-Asda merger to in-depth review
LONDON (Reuters) - Britain's competition regulator referred Sainsbury's 7.3 billion-pound ($9.60 billion) takeover of Asda to an in-depth review on Wednesday because their stores overlapped in hundreds of local areas.
Nifty, Sensex rise; Tata Steel top gainer
(Reuters) - Indian shares snapped a two-day losing streak on Wednesday, in line with stronger Asia, as investors looked past the latest escalation in the U.S.-China trade spat, while the rupee recovering some lost ground against the dollar also boosted sentiment.
Danske Bank CEO resigns over money laundering scandal
COPENHAGEN (Reuters) - Danske Bank said on Wednesday that Chief Executive Thomas Borgen would resign due to a scandal related to past money laundering through its Estonian branch.
Samsung set to launch A7 with 3 rear cameras, A9 with 4 rear camera system
Sending a strong signal to Chinese players who play on camera strength in the competitive Indian market, Samsung is all geared up to launch its first three rear-camera smartphone A7 this week and a massive four rear-camera device called A9 next month.
PG Electroplast Ltd leads gainers in 'B' group
TCI Developers Ltd, Pokarna Ltd, Weizmann Forex Ltd and Nitco Ltd are among the other gainers in the BSE's 'B' group today, 19 September 2018.
TVS Motor ties up with Torino Motors for two-wheeler distribution in Mexico
TVS Motor Company Wednesday announced partnership with Torino Motors, leading distributor of automobiles in Mexico, to strengthen its presence in the country. As part of the partnership, in the first year Torino Motors, which is a subsidiary of Groupo Autofin, will open 40 exclusive stores for TVS Motor Co in the country for distribution of two-wheelers, the company said in a statement. Commenting on the association, TVS Motor Co Senior Vice President International Business R Dilip said Torino Motors has over 40 years of experience in Mexico. "Their insights will allow us to personalise our offerings to suit the customers of Mexico and their vast network of distribution will ensure maximum reach in the country," he added. Torino Motors specialises in automobile and retail finance. "The range of offerings provided by the company (TVS) are very well-suited for the local Mexican commuter and terrain. We are confident that this association will be very successful," Torino Motors CEO ...
Indian shares rise; Tata Steel top gainer
(Reuters) - Indian shares snapped a two-day losing streak on Wednesday, in line with stronger Asia, as investors looked past the latest escalation in the U.S.-China trade spat, while the rupee recovering some lost ground against the dollar also boosted sentiment.
Indian infrastructure: Learnings, challenges, opportunities (Column: Behind Infra Lines)
Issues around infrastructure creation in India bring to the fore some core themes that are worth analysing. The structure of infrastructure companies, cost over-runs, retail investor exposure to credit funds, and the need to recycle assets to real-money balance sheets are once again in focus given the problems that IL&FS is facing currently.
HC rejects plea seeking formula of petrol pricing
The Delhi High Court on Wednesday dismissed an application seeking direction to the Centre to disclose the formula on the basis of which daily prices of petroleum and diesel are fixed.
DCM Shriram Ltd leads gainers in 'A' group
Muthoot Finance Ltd, Monsanto India Ltd, JSW Steel Ltd and Steel Authority of India Ltd are among the other gainers in the BSE's 'A' group today, 19 September 2018.
Dutch payments company Adyen wins H&M as customer - report
AMSTERDAM (Reuters) - Dutch financial technology company Adyen will process payments for Swedish clothing chain H&M, a Swedish technology news site reported on Wednesday, citing Adyen's CEO.
HFCL gets Rs 611 cr order from BSNL for broadband in Madhya Pradesh
Telecom equipment maker HFCL said Wednesday it has received advance purchase order worth Rs 611 crore from state-run BSNL for broadband connectivity in Madhya Pradesh. The contract is for survey, procurement, supply, trenching, laying, installation, testing and maintenance of optical fibre cable (OFC), accessories and GPON equipment in Madhya Pradesh under Centre's BharatNet programme, HFCL said in a BSE filing. The total material cost and service cost are Rs 207 crore and Rs 245 crore, respectively aggregating to Rs 452 crore. "The company shall also provide operation and maintenance services for a period of seven years at a total cost of Rs 59 crore under this project," it added. Around 1,038 Gram Panchayats in 13 Blocks in Madhya Pradesh will get broadband connectivity with this project, Himachal Futuristic Communications Ltd (HFCL) said.
Refined soya oil futures slip 0.12% on low demand
Refined soya oil prices edged down by 0.12 per cent to Rs 733.30 per 10 kg in futures trade Wednesday as speculators cut bets amid easing demand at domestic spot market. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October shed 85 paise, or 0.12 per cent, to Rs 733.30 per 10 kg with an open interest of 51,970 lots. Traders said offloading of positions by participants, as demand eased in the physical market against ample stocks position on increased supplies from producing regions, weighed on refined soya oil prices in futures trade.