Page 2544 - Business Finance
Tata Elxsi extends partnership with Airtel
To deliver an engaging digital platform on Internet TV
Ajanta Pharma allots 7500 equity shares
Under ESOP
KPIT Technologies launches City & Utility Solution Accelerators
For Smart City and Utility markets
Sensex, Nifty rise on financials but head for biggest weekly fall since mid-May
(Reuters) - Indian shares rose on Friday as the rupee strengthened after crude prices fell sharply overnight and the United States and China looked set to launch a new round of trade talks amid an escalating tariff row.
Nasdaq to buy Swedish trading solution provider Cinnober
STOCKHOLM (Reuters) - Exchange operator Nasdaq said on Friday it planned to buy Swedish financial technology provider Cinnober in a deal valuing the business at around 1.7 billion crowns ($190 million).
In shift, Pakistani giant Engro to bet big on rising middle class
KARACHI, Pakistan (Reuters) - Pakistan's chemicals-to-energy conglomerate Engro Corp has seen its fortunes rise on the back of massive Chinese investment, but plans to shape its future growth around the country's vast population and expanding middle class, its chief executive said.
Fortum to pay $23 million to Nasdaq after Norway trader's default
OSLO (Reuters) - Finnish energy firm Fortum will pay approximately 20 million euros ($23 million) to help replenish a Nasdaq Commodities contingency fund after the default of a private Norwegian trader, the company said on Friday.
Kazakhstan plans to buy $1.2 billion of Tsesnabank loans
ALMATY (Reuters) - Kazakhstan's government and central bank are working on a plan to buy 450 billion tenge ($1.2 billion) of agricultural sector loans from Tsesnabank in order to boost its financial strength, the authorities said on Friday.
Wetherspoon posts higher annual profit, says costs to rise this year
(Reuters) - British pub chain J D Wetherspoon Plc reported an increase in full-year profit on Friday as a record heatwave brought in more customers, but the group said it expects higher costs this year.
Guar seed futures down on weak spot market
Guar seed prices came down by Rs 23 to Rs 4,289 per quintal in futures trade today as investors indulged in minimizing their holdings in tune with subdued physical markets sentiment. Marketmen said investors reduced their bets, tracking a weakening trend at spot markets on persistent arrivals from growing belts against withdrawal of support by guar gum makers, leading to fall in guar seed prices in futures trade. At the National Commodity and Derivatives Exchange platform, guar seed delivery for October slipped by Rs 23 or 0.53 per cent to Rs 4,289 per quintal, having an open interest of 1,05,160 lots. Also, the contract for delivery in November eased by Rs 20.50 or 0.47 per cent to Rs 4,3454 per quintal, revealing an open interest of 14,830 lots.
China's property investment weakens in August, sharp fall seen unlikely
BEIJING (Reuters) - China's real estate investment moderated in August on slower construction and home sales, as authorities' tight controls on the sector continued to take out speculative heat.
Oil prices claw back on supply concerns, but demand worries drag
TOKYO (Reuters) - Oil on Friday clawed back some of its losses from the previous session, when prices fell the most in a month, with concerns about supply countering worries that emerging market crises and trade disputes could dent demand.
Gold gains as dollar dips on soft U.S. data, trade talks
BENGALURU (Reuters) - Gold rose on Friday as the dollar faltered after softer-than-expected U.S. inflation data dimmed the case for a faster pace of policy tightening by the U.S. Federal Reserve, amid signs of movement in the Sino-U.S. trade standoff.
Britain's Nationwide announces $1.7 billion in additional technology spend
LONDON (Reuters) - Nationwide Building Society said on Friday it would spend an additional 1.3 billion pounds ($1.7 billion) on technology, as the British lender works to keep pace with the growing popularity of online and mobile banking.
Japan's August exports seen rising modestly, core CPI ticking up: Reuters Poll
TOKYO (Reuters) - Japan likely posted another month of only modest export gains in August amid rising worries over global trade friction, a Reuters poll showed on Friday.
UK house prices would crash by a third after chaotic no-deal Brexit, Carney says
LONDON (Reuters) - Britain's property market would crash and mortgage rates would spiral in the event of a chaotic no-deal Brexit, with house prices falling 35 percent over three years, Bank of England Governor Mark Carney told ministers, The Times reported.
Lower food prices ease India's WPI to 4.53% in August
A massive fall in food prices and cost of primary articles eased India's annual inflation rate based on wholesale prices to 4.53 per cent in August from a 5.09 per cent rise in July.
India needs to be vigilant to check rupee weakness - PM economic panel member
NEW DELHI (Reuters) - India needs to be extremely vigilant to check weakness in the rupee and the task was to minimise volatility and avoid contagion to other macro policies, a member of the prime minister's economic advisory panel said on Friday.
Cisco to step up investments in India; to focus on 5G, entrepreneurship
US-based tech giant Cisco Friday said it is stepping up investments in the Indian market as part of the second phase of its 'Country Digital Acceleration' (CDA) programme that will focus on accelerating innovation and entrepreneurship, 5G use cases for citizen services as well as transportation modernisation. Speaking to PTI, Cisco CEO Chuck Robbins said India is among its few markets where the company has made a second round of investment as part of its CDA programme. "India is an important market for us. While we are not disclosing the amount we would be investing, it is clear that we are betting on India as a key market. We are adding four more states to our existing initiatives towards areas like innovation, smart cities. We have also signed agreements with Niti Aayog and Bharat Sanchar Nigam Ltd (BSNL)," he said. Cisco had committed an investment of USD 100 million in the first phase of CDA, where it has completed about 50 projects, including setting up 10 innovation labs, three .
Guar gum futures price drop 0.55 pc
Guar gum prices were down by 0.55 per cent to Rs 9,248 per quintal in futures trade Friday after participants cut down their holdings amid profit-booking. Marketmen said off-loading of holdings by participants at current levels amid subdued export demand for oil drilling industries, weighed on guar gum prices in futures trade here. Besides, ample stocks of guar seed on relentless supplies from growing belts against easing demand from guar gum makers in the spot markets too negatively impacted sentiments, they added. At the National Commodity and Derivatives Exchange, guar gum for the most-active delivery in October contracts fell by Rs 51, or 0.55 per cent, to Rs 9,248 per quintal, with an open interest of 52,090 lots. Guar gum for delivery in November contracts also quoted lower by Rs 41, or 0.44 per cent, to Rs 9,367 per quintal with an open interest of 9,710 lots.