Page 2566 - Business Finance
13 projects for coal extraction identified: CIL chief
Coal India Ltd (CIL) has undertaken rail infrastructure projects for planned growth in production and sales and as many as 13 projects for coal extraction have been identified, Chairman Anil Kumar Jha said on Wednesday.
Infogain appoints Kulesh Bansal as Chief Financial Officer
Infogain, a Silicon Valley leading provider of technology solutions and services has appointed Kulesh Bansal as Chief Financial Officer.Based out of Infogain's Noida, India office and reporting to CEO Sunil Bhatia, Bansal will lead Infogain's finance and legal functions, in addition to focusing on profitability, financial controls, pricing and deal support.Concurrently, he will support the company's acquisition strategy and new vision, "Engineering Business Outcomes."Formerly the Finance Head of Global Infrastructure Services for Wipro Limited, Bansal is a highly accomplished, results-driven senior executive with 18 years of experience in finance and operations management for global multi-billion-dollar organizations.He has an extensive background in corporate finance, operations management and strategic planning. Prior to Wipro, Bansal held the position of Finance and Commercial Manager for Mahindra Satyam's Australia and New Zealand operations."I am delighted that Kulesh, a ...
China vice premier says protectionism poses 'serious hazard' to global economy
HANOI (Reuters) - Chinese Vice Premier Hu Chunhua on Wednesday called for a rejection of protectionism and said unilateral trade policies by some countries posed a "most serious hazard" to the world economy.
Asia stocks fall to 14-month lows as trade concerns simmer
TOKYO (Reuters) - Asian stocks slipped to 14-month lows on Wednesday with investor confidence chilled by the latest round of verbal threats in an intensifying U.S.-China trade conflict.
Gold prices fall amid U.S.-China trade war fears
BENGALURU (Reuters) - SendGold prices edged down on Wednesday as the yuan weakened amid fears the Sino-U.S. trade war could escalate, making the metal more expensive for buyers from the world's No.2 economy.
Driverless cars set to appear on Australian roads by 2019
Perth will be one of the first cities in the world to trial driverless on-demand cars, with a prototype vehicle unveiled on Wednesday.
Teva to hold Indivior generic drug launch pending U.S. ruling
(Reuters) - Teva Pharmaceuticals has agreed to hold off launching its knock-off version of Indivior Plc's blockbuster opioid addiction drug until the resolution of a U.S. Court case on another generic rival, Indivior said on Wednesday.
Putin urges 'security guarantees' for NKorea in exchange for denuclearisation
Russian President Vladimir Putin on Wednesday said North Korea must be given security guarantees in return for steps towards denuclearisation. "North Korea, in return for its denuclearisation, was after all promised security guarantees. Clearly it is waiting for some sort of signal in response," he told an economic forum in the far eastern city of Vladivostok.
Jeera futures rise 1.17% on pick-up in demand
Jeera prices advanced by 1.17 per cent to Rs 19,450 per quintal in futures market Wednesday as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries. Tight stock positions following restricted arrivals from the growing regions, too, fuelled the uptrend. At the National Commodity and Derivatives Exchange, jeera for September rose by Rs 225, or 1.17 per cent, to Rs 19,450 per quintal with an open interest of 255 lots. Traders said speculative positions built up by participants amid rising domestic as well as exports demand led to the rise in jeera prices. Likewise, delivery for October was trading higher by Rs 170, or 0.86 per cent, to Rs 19,850 per quintal as the open interest of contract stood at 7,875 lots.
Sensex inches higher; consumer stocks lead gains
(Reuters) - Indian shares ticked higher on Wednesday after two consecutive sessions of sharp falls, while the rupee fell to a fresh low, stoking fears of an interest rate hike by the central bank at its next meeting in October.
Oil prices rise on declining U.S. crude stockpiles, looming Iran sanctions
SINGAPORE (Reuters) - Oil prices rose on Wednesday after a report of a decline in U.S. crude inventories and looming sanctions against Iran raised expectations of tightening supply, while top producer Russia warned of a fragile global market.
Coriander futures rise 2.27% on spot demand
Coriander prices advanced by 2.27 per cent to Rs 4,825 per quintal in futures market Wednesday as participants built up fresh positions amid rising spot demand. Besides, tight stocks position on account of restricted arrivals from major growing belts gave push to rising coriander prices in futures trade. At the National Commodity and Derivatives Exchange, coriander for this month's contract rose by Rs 107, or 2.27 per cent, to Rs 4,825 per quintal, with an open interest of 2,220 lots. Similarly, the delivery in October was trading higher by Rs 95, or 1.84 per cent, to Rs 5,250 per quintal with an open interest of 29,650 lots. Market analysts attributed the rise in coriander futures to the rise in demand at the physical market against tight stocks on fall in supplies from producing regions.
Autolite (India) Ltd leads gainers in 'B' group
Shyam Telecom Ltd, Bliss GVS Pharma Ltd, Paisalo Digital Ltd and National Steel & Agro Industries Ltd are among the other gainers in the BSE's 'B' group today, 12 September 2018.
Telecom shares decline
Key benchmarks were hovering near flat line in early afternoon trade. At 12:22 IST, the barometer index, the S&P BSE Sensex, was up 23.46 points or 0.06% at 37,436.59. The Nifty 50 index was up 2.20 points or 0.02% at 11,289.70.
China Aug investment, retail data to highlight soft domestic demand: Reuters poll
BEIJING (Reuters) - China is expected to report investment growth hovered at record lows in August and retail sales were among the weakest since 2003, reinforcing views that domestic demand remains soft and leaving the economy more vulnerable to U.S. trade pressure.
Chana prices rise 1.76% on spot demand
Chana prices went up by 1.76 per cent to Rs 3,941 per quintal in futures market Wednesday as traders increased their holdings on account of rising demand in the spot market. Besides, restricted arrivals of the commodity in the physical market influenced prices. At the National Commodity and Derivatives Exchange, chana for delivery this month was trading higher by Rs 68, or 1.76 per cent, at Rs 3,941 per quintal with an open interest of 10,530 lots. Likewise, the commodity for delivery in October gained Rs 50, or 1.24 per cent, to Rs 4,053 per quintal in 59,760 lots. Traders said speculators increasing holdings, tracking a rising demand from millers against tight supplies from growing belts at the spot markets, led to the rise in chana prices in futures trade here.
Maize futures decline on weak spot cue
Maize prices drifted lower by 1.49 per cent to Rs 1,324 per quintal in futures trade Wednesday after participants off-loaded holdings in sync with downbeat sentiment at the physical markets. Marketmen said offloading of positions by traders triggered by fall in demand from poultry feed makers in the spot markets amid soaring stocks on consistent supplies, led to the fall in maize futures prices. At the National Commodity and Derivatives Exchange, maize for September dropped by Rs 20, or 1.49 per cent, to Rs 1,324 per quintal with the business turnover of 1,390 open interest lots.
Motherson completes 25 years of listing on BSE; fetches 322,881% return for shareholders
In a landmark milestone that underscores the inherent strength and vision of the Indian entrepreneur, automobile ancillary major, Motherson Sumi Systems Ltd. completed 25 years of listing on the Bombay Stock Exchange (BSE).To commemorate 25 years of listing, board of directors of the company recommended the issue of bonus shares in the ratio of 1 (one) bonus share against the 2 (two) existing equity shares subject to the approval of the shareholders as announced on September 7, 2018.In over two decades since the Motherson stock made its debut on the Indian bourse, the company has grown from strength to strength with the rapid rise in revenues and profits amply reflected in the handsome returns to its shareholders.On the first day when it was publically traded, the 10-rupee face value Motherson stock had opened at 41 rupees and ended the trading session with a market capitalisation of 238 million rupees. Two and a half decades later, the one rupee face value stock trades at 303.50* ...
Alembic Pharmaceuticals Ltd leads gainers in 'A' group
ABB India Ltd, Dabur India Ltd, Bajaj Corp Ltd and Godrej Consumer Products Ltd are among the other gainers in the BSE's 'A' group today, 12 September 2018.
Castor seed futures go up on firm spot cues
Castor seed prices went up by Rs 23 to Rs 4,626 per quintal in futures trade Wednesday following widening of holdings by participants, spurred by a firming trend at the physical markets. Marketmen said positive leads from the spot markets on pick up in demand from consuming industries, largely supported the upside in castor seed prices in futures trade as participants raised their positions. At the National Commodity and Derivatives Exchange, castor seed delivery for delivery this month contracts rose by Rs 23 or 0.50 per cent to Rs 4,626 per quintal, clocking an open interest of 2,590 lots. Similarly, the delivery in October month contract gained Rs 12 or 0.26 per cent at Rs 4,709 per quintal, clocking a business turnover in 1,49,030 open interest lots.