Page 2514 - Business Finance
Tech based platforms to support your pockets this festive season
Festivals are a way of life. The ultimate goal of festivals is to bring cheer and happiness in the lives of people.Unfortunately, all your plans of gifting, shopping, business run might go heavy on your budget and burn a hole in your pocket. But nothing to worry about as digital friends are here to save the day.This festive season is definitely going to be a special one as these platforms have decided to make this as bright and fulfilling for us:MoneyTapOffering access to a personalized line of credit to salaried professionals through an app based platform, Money Tap offers short term cash loans as low as Rs. 3000 to consumers without any collateral. These loans require minimal documentation and can be approved in just a few hours.LoantapLoan tap is one solution for all the finance need to fill the gap this festive season. LoanTap's personal overdraft provides credit on the move and does not trouble one with interest cost when one does not need it. If you are falling short of money, .
PropStory now targets Southern India, starts operations in Bangalore
Gurgaon based real-estate information portal PropStory which, deals in providing information around upcoming and developing real estate projects today announces its expansion in Bangalore.Owing to the 'growth spurt' in the online information consumption pattern of property investors, this startup is all set to tap into the real estate market of the city."Our past work with developers in Bangalore like Sobha, Puravankara, and Godrej testifies that the Bangalore market has been the most resilient and well-performing market in the recent years and for a platform like Propstory, Bangalore is the perfect market given that the developers and consumers are increasingly online and prefer digital modes of communication," said co-founder PropStory, Ashish Mahajan.The PropStory website traffic is in the range of 3,000-4000 user per day, which translates into 1.5 lakh per month. The momentum in traffic on their portal has seen PropStory's revenue growth from Rs.33 lakh in the 2016-17 financial ...
ICICI Bank, HealthAssure to offer healthcare services to NRIs
Second largest private sector lender ICICI Bank has tied up primary healthcare aggregator HealthAssure to offer its NRI customers complimentary access to discounted healthcare services in the country for themselves and their families. The facility, which offers up to 50 per cent discounts, will be available for its NRI Pro and Premia savings account holders, the bank said Tuesday. The list of benefits include discounts of up to 50 per cent on health checkups and consultations. Customers will also be able to avail discounts on home-care services. *********************** SpiceJet launches loyalty programme * In a first among the low-cost carriers, SpiceJet Tuesday launched a graded loyalty programme - SpiceClub - that some benefits to customers including reward points. SpiceClub, which is segregated into four tiers - classic, silver, gold and platinum - can be availed of by customers at no extra cost. A SpiceClub member can earn rewards ranging from up to eight points per
Clariant, SABIC tighten links under new partnership
ZURICH/BERLIN (Reuters) - Switzerland's Clariant and new anchor shareholder Saudi Basic Industries Corp (SABIC) will merge their high-performance materials businesses and install a SABIC manager as head of the group as they strengthen their partnership.
Russia's Novak says oil at $70-80/barrel is temporary and sanctions driven
GORKY, Russia (Reuters) - Russian Energy Minister Alexander Novak said on Tuesday that oil prices of between $70 and $80 per barrel were only temporary and were driven by sanctions, adding that the long-term price would stand at around $50 per barrel.
Russia's Novak says oil at $70-80 per barrel is temporary and sanctions driven
GORKY, Russia (Reuters) - Russian Energy Minister Alexander Novak said on Tuesday that oil prices of between $70 and $80 per barrel were only temporary and were driven by sanctions, adding that the long-term price would stand at around $50 per barrel.
TVS NTORQ 125 scooter crosses one lakh sales milestone
TVS Motor Company Tuesday said its scooter NTORQ 125 has crossed 1 lakh sales milestone. The company had launched the 125-cc scooter in February this year. "TVS NTORQ 125, our first 125cc scooter, is also India's first bluetooth connected scooter. The GenZ, our intended audience, has responded with love to this new offering," TVS Motor Company Vice President (Marketing) Commuter Motorcycles, Scooters & Corporate Brand Aniruddha Haldar said in a statement. The scooter comes with 124.79cc air-cooled engine and can achieve a top speed of 95 kmph.
Marsh & McLennan to buy UK broker JLT for $5.7 billion
(Reuters) - Marsh & McLennan Companies Inc has agreed to buy Jardine Lloyd Thompson for about 4.3 billion pounds ($5.7 billion) as the U.S. financial services group looks to boost its speciality risk broking and global reinsurance business.
Bank of Baroda leads losers in 'A' group
Balrampur Chini Mills Ltd, Indian Bank, Union Bank of India and Reliance Communications Ltd are among the other losers in the BSE's 'A' group today, 18 September 2018.
Government paves the way for India's third largest bank
The consolidation will help create a strong globally competitive bank with economies of scale and enable realisation of wide-ranging synergies. Leveraging of networks, low-cost deposits and subsidiaries of the three banks has the potential of yielding significant synergies for positioning the consolidated entity for substantial rise in customer base, market reach, operational efficiency, wider bouquet of products and services, and improved access for customers.
Marsh & McLennan to buy UK broker JLT for $5.7 bln
(Reuters) - Marsh & McLennan Companies Inc has agreed to buy Jardine Lloyd Thompson for about 4.3 billion pounds ($5.7 billion) as the U.S. financial services group looks to boost its speciality risk broking and global reinsurance business.
23k artisans in Telangana power utilities to be regularised
Legal hurdles for regularising the services of outsourced personnel working in power utilities in Telangana as 'artisans' have been cleared with a petition challenging the proposed regularisation being struck down in the High Court Tuesday, the state government said. The development paves the way for regularising the services of 23,000 'artisans' working in power utilities, including TS GENCO (Telangana State Power Generation Corporation) and TS TRANSCO (Telangana State Power Transmission Corporation),a release from Chief Minister's office said. The state government had earlier proposed to regularise the services of 'artisans' who have been working for a long time on outsourcing basis, it said. Accordingly, orders were issued for regularising the services of 23,000 'artisans' but the move was challenged in the high court. Caretaker Chief Minister K Chandrsekhar Rao expressed happiness over the High Court striking down the petition, it added. "CM instructed CMD (of ...
New US tariffs will add more uncertainties to trade war: China
China on Tuesday said the latest set of tariffs imposed by the US on $200 billion worth of Chinese goods will force Beijing to take countermeasures and warned that the move would add more uncertainties to the trade talks.
Rolta India Ltd leads losers in 'B' group
KCP Sugar & Industries Corporation Ltd, Eurotex Industries and Exports Ltd, Ugar Sugar Works Ltd and Amin Tannery Ltd are among the other losers in the BSE's 'B' group today, 18 September 2018.
Hong Kong Market gains 0.56%
The administration of U.S. President Donald Trump on Monday announced a 10% tariff on another batch of $200 billion of Chinese imports, bringing the trade war between the world's two largest economies to a new level. The long-threatened new tariffs will take effect Sept. 24 and will be raised to 25% at the beginning of 2019, according to a statement published by the White House.
Gold gains on sustained jewellers' buying
Gold advanced by Rs 10 to Rs 31,610 per 10 gram at the bullion market Tuesday on sustained buying by local jewellers, even as a weak trend prevailed overseas. Silver prices too firmed up by Rs 20 to Rs 37,700 per kg due to increased offtake by industrial units and coin makers. Marketmen said increased buying by local jewellers to meet festive season demand at the domestic spot market, mainly kept gold prices higher, but a weak global trend capped the rise. Globally, gold fell 0.38 per cent to USD 1,196.50 an ounce and silver shed 0.53 per cent to USD 14.09 an ounce in Singapore as the dollar rose after the US imposed a new round of tariffs on Chinese imports, aggravating global trade worries. In the national capital, gold of 99.9 per cent and 99.5 per cent purity edged up by Rs 10 each to Rs 31,610 and Rs 31,460 per 10 gram, respectively. The precious metal had gained Rs 180 in yesterday's trade. Sovereign, however, remained unaltered at Rs 24,500 per piece of 8 gram. In sync with ...
Mustard, soybean oils up on millers' buying
Prices of mustard and soybean oils rose by Rs 50 per quintal at the wholesale oils and oilseeds market Tuesday on emergence of buying by Vanaspati millers amid restricted supplies. Castor oil in the non-edible section, also, edged up on increased offtake by consuming industries. Traders said increased buying by Vanaspati millers following pick up in demand from retailers against restricted arrivals from growing regions, mainly led to rise in mustard and soybean oil prices. In the national capital, mustard expeller (Dadri) oil traded higher by Rs 50 to Rs 8,500 per quintal. Mustard pakki and kachi ghani oils traded higher by Rs 10 each to Rs 1,315-1,360 and Rs 1,365-1,465 per tin, respectively. Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also hardened by Rs 50 each to Rs 7,800 and Rs 7,400 per quintal, respectively. Among non-edibles, Castor oil too, finished higher by Rs 100 to Rs 7,800-7,900 per quintal. Following are today's quotations (in Rs per ...
China's yuan down as Beijing, Washington escalate trade row; stimulus hopes boost stocks
SHANGHAI (Reuters) - China's yuan currency inched lower on Tuesday after U.S. President Donald Trump said Washington will impose duties on an extra $200 billion worth of Chinese imports, drawing a sharp rebuke and warning from Beijing that it will be forced to retaliate.
Volumes jump at Vijaya Bank counter
Vijaya Bank witnessed volume of 314.5 lakh shares by 14:14 IST on NSE, a 47.17 times surge over two-week average daily volume of 6.67 lakh shares
China Market bounces despite latest U.S. tariff move
The administration of U.S. President Donald Trump on Monday announced a 10% tariff on another batch of $200 billion of Chinese imports, bringing the trade war between the world's two largest economies to a new level. The long-threatened new tariffs will take effect Sept. 24 and will be raised to 25% at the beginning of 2019, according to a statement published by the White House.