Page 2528 - Business Finance
Mate Labs raises $550,000 from Omphalos Ventures India, others
Mate Labs, an artificial intelligence-based start-up, Monday said it has raised USD 550,000 in funding led by Omphalos Ventures India LLP. The pre-series A round of funding also saw participation from other investors, including Eagle 10 Ventures, 91Springboard, Deepak Sharma (ex-Chairman of CITI Bank), Khattar Holding, Sumit Sinha and Tejan Timblo among others, it said in a statement. "We observed that large enterprises around the world were building platforms for developers, and no one considered building something for the non-developers to easily integrate into their business models... Mate Labs took up the task of creating something so easy to use, that there isn't a need to code," Rahul Vishwakarma, CEO and co-founder of Mate Labs, said. The Bengaluru-based start-up is currently focused on developing their SME and enterprise business pipelines for banking, financial services and insurance (BFSI) and retail sectors. "Our singular focus at the moment is to build and grow the ...
Oil prices inch up as supply concerns outweigh U.S. output assurances
BEIJING (Reuters) - Global oil prices edged up from early losses on Monday despite assurances from Washington that Saudi Arabia, Russia and the United States can raise output fast enough to offset falling supplies from Iran and elsewhere.
Benchmarks hover near day's low
Key indices were hovering near day's low in afternoon trade amid weak global cues. At 13:15 IST, the barometer index, the S&P BSE Sensex, was down 382.98 points or 1.01% at 37,707.66. The Nifty 50 index was down 105.40 points or 0.92% at 11,409.80. The Sensex was trading below the psychologically important 38,000 mark.
Australia Market gains 0.3% as financials rise; health care drags
Shares of banks and financials closed higher after early losses, with NAB posting the biggest gain, jumping 0.8% to A$27.56 after it announced former NSW Premier Mike Baird would be leading its retail unit following the departure of consumer boss Andrew Hagger. Commonwealth Bank shares were up 0.4% at A$71.75 and ANZ was up 0.9% to A$28.40.
China stocks drop to near four-year low as Trump said to prepare new tariffs
SHANGHAI (Reuters) - China's main Shanghai Composite index fell to its lowest close in nearly four years on Monday as reports said U.S. President Donald Trump would unveil new tariffs on $200 billion of imported Chinese goods this week.
Bertelsmann buys U.S. online education provider OnCourse Learning
FRANKFURT (Reuters) - German publishing group Bertelsmann said on Monday it was acquiring U.S. online education provider OnCourse Learning from private equity firm CIP Capital for several hundred million euros.
Sensex tanks 400 points on weak global cues; Nifty down 100 points
Weak global markets amid the US-China trade concerns plunged the key Indian equity indices on Monday afternoon, with the S&P BSE Sensex losing around 400 points so far.
Divis Laboratories Ltd soars 3.43%, Gains for third straight session
The stock is quoting at Rs 1375.2, up 3.43% on the day as on 12:49 IST on the NSE. Divis Laboratories Ltd is up 64.91% in last one year as compared to a 12.4% gain in NIFTY and a 13.49% gain in the Nifty Pharma index.
Tata Steel Ltd spurts 1.13%, up for third straight session
The stock is quoting at Rs 621.95, up 1.13% on the day as on 12:49 IST on the NSE. Tata Steel Ltd is down 2.99% in last one year as compared to a 12.4% gain in NIFTY and a 0.95% gain in the Nifty Metal index.
JSW Steel Ltd soars 1.53%
The stock is quoting at Rs 414.35, up 1.53% on the day as on 12:49 IST on the NSE. JSW Steel Ltd is up 57.82% in last one year as compared to a 12.4% spurt in NIFTY and a 0.95% spurt in the Nifty Metal index.
Jindal Steel & Power Ltd up for third straight session
The stock is quoting at Rs 238.6, up 2.21% on the day as on 12:49 IST on the NSE. Jindal Steel & Power Ltd is up 58.33% in last one year as compared to a 12.4% jump in NIFTY and a 0.95% jump in the Nifty Metal index.
Jindal Stainless (Hisar) Ltd spurts 3.33%, rises for third straight session
The stock is quoting at Rs 155.2, up 3.33% on the day as on 12:49 IST on the NSE. Jindal Stainless (Hisar) Ltd is down 22.67% in last one year as compared to a 12.4% gain in NIFTY and a 0.95% gain in the Nifty Metal index.
Tata Elxsi Ltd rises for third consecutive session
The stock is quoting at Rs 1372.2, up 1.95% on the day as on 12:49 IST on the NSE. Tata Elxsi Ltd is up 52.25% in last one year as compared to a 12.4% spurt in NIFTY and a 51.71% spurt in the Nifty IT index.
CII-YI to host Jharkhand's first innovation conclave
To promote innovation and Start Up India programme, CII-Young Indians in association with Tata Steel and XLRI will host 'Innovation Conclave-2018' here on September 29. The conclave themed, "My innovation, my investor", is the first of its kind in the state and is aimed to provide a platform for people aspiring to do something new, Prakash Singh, Chief of Capability Development, Tata Steel, said on Sunday. Addressing a press conference here, Singh, who was accompanied by Dibyanshu Sinha, president of CII-YI Jamshedpur, said India has immense potential for innovation, creating entrepreneurship as well as creating job opportunities. CII-YI's objective is to provide appropriate platform for Start Up programmes and assist the new innovators, he said. Apart from the experts in the field from parts of the country, representatives from educational institutions, industry, investors and innovators would be seen on a common platform to share their experiences during the ...
Chana futures slip 1.3 pc on profit-booking
Chana prices fell 1.39 per cent to Rs 3,895 per quintal in futures trade Monday as investors booked profits at prevailing levels amid easing demand in the spot market. At the National Commodity and Derivatives Exchange, chana for delivery in this month's contract fell by Rs 55, or 1.39 per cent, to Rs 3,895 per quintal with an open interest of 7,910 lots. Similarly, the commodity for delivery in October declined by Rs 38, or 0.94 per cent, to Rs 3,992 per quintal in 61,670 lots. Analysts said, besides profit-booking by participants at existing levels, a decline in demand at the physical market against sufficient stocks position attributed to the fall in chana futures.
Coriander futures shed 1.09 pc on subdued demand
Coriander prices fell 1.09 per cent to Rs 5,178 a quintal in futures market Monday as participants cut down positions amid muted domestic as well as export demand against ample stocks position. Besides, rising arrivals from major producing belts and profit-booking at higher levels weighed on the sentiment. At the National Commodity and Derivatives Exchange, coriander prices for delivery in October declined by Rs 57, or 1.09 per cent, to Rs 5,178 per quintal with an open interest of 28,460 lots. Similarly, the contract for this month's delivery was trading at Rs 4,826, down by 0.45 per cent or Rs 22. The open interest of the contract stood at 950 lots. Analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.
Setco Automotive announces resignation of company secretary
With effect from 15 September 2018
TCS marks 25 years of partnership with Dutch airline KLM
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Motilal Oswal Real Estate raises Rs 575 cr fund; to deploy in affordable housing
Motilal Oswal Real Estate (MORE) Monday said it has raised Rs 575 crore for its fourth realty fund and the amount will be invested mainly in housing projects across six major cities. MORE is part of Motilal Oswal Private Equity, which is the alternative investments platform of Motilal Oswal Group. The total assets under management (AUM) under Motilal Oswal Private Equity is more than Rs 5,000 crore. MORE announced the first close of India Realty Excellence Fund IV (IREF IV), its fourth real estate fund. "The fund has raised commitments aggregating to Rs 575 crore," the company said in a statement. The amount has been raised from high net worth individuals (HNIs) and family offices. The fund is set up as an alternative investment fund (AIF Category II). MORE would deploy the capital in mid-income/affordable residential projects across the top six cities in India while selectively investing in commercial projects, it added. IREF IV would focus on early stage structured equity/structured
Turmeric futures slip 1.05 pc on weak demand
Turmeric prices fell by 1.05 per cent to Rs 6,754 per quintal in the futures market Monday in line with a weak trend at the spot markets on account of easing demand from retailers and industrial buyers coupled with low export demand. Besides, reports of improved sowing from major growing areas of Tamil Nadu, Karnataka and Maharashtra also influenced turmeric futures prices. At the National Commodity and Derivatives Exchange, turmeric for far-month November contract declined by Rs 72, or 1.05 per cent, to Rs 6,754 per quintal with an open interest of 2,840 lots. Similarly, the spice for October lost Rs 52, or 0.77 per cent, to Rs 6,660 per quintal in 11,465 lots. Market analysts said offloading of positions by traders, triggered by fall in demand at the domestic spot market against increased arrivals from growing regions amid mounting of inventories weighed on the turmeric prices in future trade here.