Page 2567 - Business Finance
Cardamom futures fall 1.89% on profit-booking
Cardamom prices fell by 1.12 per cent to Rs 1,420.10 per kg in futures trade Wednesday as speculators booked their profits at prevailing levels amid easing demand in the spot market. Besides, sufficient stocks on higher arrivals from the major producing belts exerted pressure on cardamom futures prices. Marketmen said besides profit-taking by speculators at existing levels, increased arrivals from producing regions exerted pressure on cardamom futures. At the Multi Commodity Exchange, cardamom for October fell by Rs 27.40, or 1.89 per cent, to Rs 1,420.10 per kg in a business turnover of 27 lots.
Mentha oil futures gain 1.15% on spot demand
Mentha oil prices up 1.15 per cent to Rs 1,808.40 per kg in futures market Wednesday as participants increased their bets amid rise in demand from consuming industries at the spot markets. Besides, tight stocks position on restricted supplies from major growing regions of Chandausi in Uttar Pradesh also supported the upside in mentha oil prices. At the Multi Commodity Exchange, mentha oil for delivery in September was trading higher by Rs 20.60, or 1.15 per cent, to Rs 1,808.40 per kg with a business volume of 301 lots. Marketmen said widening of positions by traders following pick up in demand from consuming industries in the physical market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade. The oil for October was also up by Rs 11.80, or 0.65 per cent, to Rs 1,820 per kg with a trading volume of 33 lots.
Crude palm oil futures slip on low demand
Crude palm oil prices went down by 0.52 per cent to Rs 602.70 per 10 kg in futures market Wednesday as speculators cut down positions in line with weak Malaysian palm oil prices and on muted spot demand. Besides, higher inventories dragged crude palm oil prices in futures trade. At the Multi Commodity Exchange, crude palm oil for delivery in September was trading down by Rs 3.20, or 0.52 per cent lower, to Rs 602.70 per 10 kg in a business turnover of 163 lots. Likewise, oil for delivery in October shed Rs 3, or 0.49 per cent, to Rs 606.60 per 10 kg in 222 lots. Analysts said offloading of positions by participants owing to slackened demand in the physical market against adequate stocks position kept crude palm oil prices lower in futures trade.
Phixman - one stop solution for phone and tablet repair
New Delhi based startup Phixman, is providing efficient repairing solutions for smartphones, tablets, laptops and other gadgets at the convenience of the customers.This five year old startup that was formed in the year 2013 aims to solve the bigger problem in the repairing industry with a focus on customer experience. The company uses the latest technology available in the world wide market which helps them to reduce the repairing cost and required time for the service, too.The idea behind the inception of the company was to provide an easy, effective and accessible solution for all problems related to smartphone and gadget repair. It covers devices from all the brands at reasonable rates and the best quality.According to a report published in The Economic Times in 2017, India is the second-largest smartphone market in the world in terms of number of users but it is expected to be the biggest market for global smartphone sales in the next few years. This is a huge opportunity for the .
Sensex, Nifty trade with small gains
Key indices were trading in narrow range with small gains in mid-morning trade. At 11:25 IST, the barometer index, the S&P BSE Sensex, was up 70.06 points or 0.19% at 37,483.19. The Nifty 50 index was up 9.50 points or 0.08% at 11,297.
HSBC to bolster Asia private banking headcount, double client assets
HONG KONG (Reuters) - HSBC Holdings Plc aims to increase its Asia private banking headcount by two-thirds in five years and double client assets in eight as it eyes a bigger share of the business in the world's fastest-growing wealth market, top executives said.
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.
Nickel futures gain 0.62% on spot demand
Nickel prices hardened by 0.62 per cent to Rs 892.20 per kg in futures trade Wednesday as participants built up fresh positions amid pick-up in demand at the domestic spot market. At the Multi Commodity Exchange, nickel for delivery in September rose by Rs 5.50, or 0.62 per cent, to Rs 892.20 per kg in a business turnover of 4,991 lots. Similarly, the metal for delivery in October gained Rs 4.80, or 0.54 per cent, to Rs 897.10 per kg in 171 lots. Analysts attributed the rise in nickel futures to a fresh positions built up by traders after an uptick in demand from alloy-makers at domestic spot market.
Tata Motors stock slips 3% as JLR chief issues 'no-deal' Brexit warning
Shares of Tata Motors Wednesday slipped as much as three per cent in morning trade on bourses after the Jaguar Land Rover (JLR) issued a warning to the UK government of massive losses if Britain was to leave the European Union (EU). JLR CEO Ralf Speth, who was speaking at the Zero Emission Vehicle Summit in Birmingham, Tuesday said that fears of a so-called "no-deal" Brexit and lack of clarity over Britain's post-Brexit plans threatens the UK-based luxury carmaker's entire operational set up. Following the development, shares of Tata Motors opened on a weak note at Rs 269.80, then slipped to a low of Rs 259, down by 3.06 per cent over its previous closing price. On NSE, the Tata Motors stocks opened at Rs 142.95, then lost ground and fell to a low of Rs 139.40, down 2.34 per cent over its last close. "Just one part missing could mean stopping production at a cost of 60 million pounds a day. That is a huge risk. We depend on free, frictionless, seamless logistics," he said. Back in ...
A2Z Infra jumps after winning contract
A2Z Infra Engineering rose 3.43% to Rs 19.60 at 11:09 IST on BSE after the company said it bagged a contract worth approximately Rs 94.87 crore from Nepal Electricity Authority.
TVS Motor Company launches 125 cc TVS NTORQ 125 in Nepal
Designed for the youth, TVS NTORQ 125 has been developed based on the TVS Racing pedigree and comes with the state-of-the-art CVTi-REVV 3 Valve engine. The scooter also marks the launch of an exclusive technology platform - TVS SmartXonnect* - making it a connected scooter.
Putin says global protectionist trend challenges Asian economies
VLADIVOSTOK, Russia (Reuters) - The growing global trend towards economic protectionism and barriers to trade is a particular challenge for Asia's economies, Russian President Vladimir Putin said on Wednesday at a forum attended by the leaders of Japan and China.
Volumes jump at Dr Lal Pathlabs Ltd counter
Dr Lal Pathlabs Ltd witnessed volume of 20291 shares by 10:47 IST on BSE, a 8.94 times surge over two-week average daily volume of 2270 shares
Board of Kwality approves Preliminary Placement Document for proposed QIP issue
At meeting held on 12 September 2018
China is 'one of the bigger risks' to global economy: BoE's Carney
LONDON (Reuters) - China's financial system poses one of the bigger risks to global financial stability, Bank of England Governor Mark Carney said in an interview with the BBC to mark the 10th anniversary of the global financial crisis.
Alibaba fest to celebrate innovations by young Chinese
Hundreds of young Chinese entrepreneurs are revving up to showcase their smart technologies and products at Taobao Maker Festival of e-tailer giant Alibaba from Thursday in this ancient city, 180 km southwest of Shanghai.
Robust demand lifts zinc futures by 1.04%
Zinc prices moved up by 1.04 per cent to Rs 170.75 per kg in the futures market Wednesday as participants built up fresh positions amid uptick in demand at domestic spot market. At the Multi Commodity Exchange, zinc for delivery in September rose by Rs 1.75, or 1.04 per cent, to Rs 170.75 per kg in a business turnover of 1325 lots. Similarly, the metal for delivery in October gained Rs 1.75, or 1.03 per cent, to Rs 171.60 per kg in 34 lots. Analysts said fresh positions created by traders, taking positive cues from the spot markets on increased demand from consuming industries influenced zinc prices in futures trade.
Wheat futures strengthen by 1.15% on positive spot cues
Wheat prices advanced by 1.15 per cent to Rs 2,030 per quintal in futures trade Wednesday as speculators raised their positions, taking positive cues from the spot market on rising demand. At the National Commodity and Derivatives Exchange, wheat for delivery in September was trading higher by Rs 23, or 1.15 per cent, to Rs 2,030 per quintal with an open interest of 510 lots. Analysts said expansion of positions by traders following pick up in demand in the physical market and a pause in arrivals from producing belts kept wheat prices higher in futures trade.
China warns trade protectionism is 'serious hazard'
China's vice premier warned Wednesday that protectionism from "individual countries" poses a "serious hazard" to global growth, in an apparent reference to the US which has imposed tariffs on Chinese goods worth USD 50 billion with more threatened. "Some individual countries' protectionist and unilateral measures are gravely undermining the rules-based multilateral trading regime, posing a most serious hazard to the world economy," Hu Chunhua said at a regional World Economic Forum in Hanoi.
Refined soya oil futures slip 0.34% on low demand
Refined soya oil prices fell by 0.34 per cent to Rs 743.50 per 10 kg in futures trade Wednesday as speculators cut bets, taking negative cues from spot market on easing demand. Adequate stocks position on increased supplies from growing regions, too, weighed on prices. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October declined by Rs 2.55, or 0.34 per cent, to Rs 743.50 per 10 kg with an open interest of 41,810 lots. Analysts said cutting down of positions by participants owing to slackened demand in the physical markets against sufficient stocks position, weighed on refined soya oil prices in futures trade. Similarly, the oil for delivery in September shed Rs 2.15, or 0.29 per cent, to Rs 740.75 per 10 kg in 18,680 lots.