Page 2578 - Business Finance
Sicagen India Ltd leads gainers in 'B' group
TCI Developers Ltd, Allsec Technologies Ltd, Asahi Songwon Colors Ltd and Saksoft Ltd are among the other gainers in the BSE's 'B' group today, 11 September 2018.
Oil prices climb as Iran sanctions loom; U.S. looks to prevent supply shortfall
SINGAPORE (Reuters) - Oil prices rose on Tuesday amid looming U.S. sanctions against Iran's petroleum industry, despite efforts by Washington to get other major suppliers to make up for the expected disruption.
Grab partners with Vietnamese firm for payment service
HANOI (Reuters) - Grab announced on Tuesday its partnership with Vietnam's MOCA Technology and Service company (Moca) for a mobile payment service in Vietnam, as the ride-hailing firm pushes to cement its position in the Southeast Asian country.
Petrol touches Rs.90.11 in Maharashtra's Parbhani
Petrol prices on Tuesday breached the psychological barrier of Rs 90 and touched a scorching Rs 90.11 in Maharashtra's Parbhani - a new record in India, an official said.
Cottonseed oil cake futures up 1.16 pc
Cottonseed oil cake prices were up 1.16 per cent to Rs 1,698 per quintal in futures trade Tuesday after investors accumulated fresh positions amid a firm trend at the physical markets. Marketmen said raising of holdings by investors, driven by a firm trend at the physical markets on strong demand from animal feed makers against halt in supplies, supported the upside in cottonseed oil cake prices in futures market here. At the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered this month rose by Rs 19.50 or 1.16 per cent to Rs 1,698 per quintal, with an open interest of 18,520 lots. The delivery for the most-traded December month too marked up by Rs 9 or 0.52 per cent to Rs 1,743.50 per quintal, having a business turnover of 55,530 open interest lots.
Redington India Ltd leads gainers in 'A' group
Kwality Ltd, MMTC Ltd, Tata Power Company Ltd and Pfizer Ltd are among the other gainers in the BSE's 'A' group today, 11 September 2018.
Unilever simplification to be through UK scheme of arrangement, Dutch merger
LONDON (Reuters) - Consumer goods giant Unilever said simplifying its parent company structure from two UK and Dutch legal entities into a single holding company would be achieved through a UK scheme of arrangement and a Dutch legal merger.
Sarah Personette is new head of Twitter Client Solutions
Micro-blogging site Twitter has appointed Sarah Personette, the former Chief Operating Officer of Refinery29, as its new Head of Global Twitter Client Solutions (TCS).
Global Markets: Asia shares hobbled by trade strain, pound up on Brexit talk
SYDNEY (Reuters) - Asian shares were struggling to avoid a ninth straight session of losses on Tuesday as the spectre of a further escalation in the Sino-U.S. trade war haunted investors, while the pound perched at a five-week top on hints a Brexit deal might be nearer.
Oil prices rise firm as Iran sanctions loom; U.S. looks to prevent supply shortfall
SINGAPORE (Reuters) - Oil prices rose on Tuesday amid looming U.S. sanctions against Iran's petroleum industry, despite efforts by Washington to get other major suppliers to make up for the expected disruption.
Global cues, inflationary risks subdue equity indices
Broadly negative global cues subdued the key Indian equity indices during the pre-noon trade session on Tuesday.
Bosch Home Appliances forays into new category of appliances
Bosch Home Appliances has announced its foray into the competitive small appliances category with an all new range starting with Karnataka and Kerala.Offering an all new category of TrueMixx Mixer Grinder range, the company aims to localise goods for India and Make in India.In the first phase of launch, Bosch will take its Mixer Grinders to southern states, starting with Karnataka and Kerala. While Bosch recognized that women have accepted technology and dislike any deviation from the desired output, another factor that is vital to each product is its price point.As women are the primary decision makers for kitchen related purchases, Bosch will introduce their Mixer Grinders on the festive occasion of Onam between the price range of Rs. 3000 and Rs. 7000."We're delighted to enter the competitive small appliances category with Bosch's Mixer Grinder. With several launches since the beginning of the year, 2018 has been an absolute year of fervour for Bosch," said MD & CEO, BSH ...
Coriander futures fall on subdued demand
Coriander prices fell 1.34 per cent to Rs 5,142 per quintal in futures market Tuesday as participants trimmed holdings, in line with subdued demand at the spot market. Furthermore, increased arrivals from major producing belts weighed on coriander futures. At the National Commodity and Derivatives Exchange, coriander for delivery in October declined by Rs 70, or 1.34 per cent, to Rs 5,142 per quintal with an open interest of 27,160 lots. Similarly, the spice for delivery in the current month was trading lower by Rs 45, or 0.95 per cent, at Rs 4,690 per quintal in 10,540 lots. Market analysts attributed the fall in coriander futures to sluggish demand in the physical market against adequate stocks position on increased supplies from producing regions.
August domestic passenger vehicles' sales down 2.46%: SIAM
Sales of domestic passenger vehicles declined by 2.46 per cent in August 2018, data showed on Tuesday.
Zinc futures weaken by 0.09% weak spot demand
Zinc prices softened by 0.09 per cent to Rs 173.30 per kg in futures trade Tuesday as speculators cut down their bets, driven by a fall in demand in the spot market. At the Multi Commodity Exchange, zinc for delivery in October shed 15 paise, or 0.09 per cent, to Rs 173.30 per kg in business turnover of 3 lots. Likewise, the metal for delivery in September contracts was trading lower by 10 paise, or 0.06 per cent, to Rs 172.60 per kg in 452 lots. Analysts attributed the slide in zinc prices in futures trade to cutting down of positions by traders due to a fall in demand from consuming industries in the physical market.
Refined soya oil futures shed 0.21% on profit-booking
Refined soya oil prices drifted lower by 0.21 per cent to Rs 742.60 per 10 kg in futures market Tuesday as speculators booked profits, driven by easing demand at the spot market against adequate stocks. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September fell by Rs 1.55, or 0.21 per cent to Rs 742.60 per 10 kg with an open interest of 20,890 lots. Similarly, the oil for delivery in October was trading lower by a similar margin to Rs 746 per 10 kg in 38,280 lots. Traders said besides profit-booking, fall in demand in the physical markets against sufficient stocks position on increased supplies from growing regions, mainly weighed on refined soya oil prices in futures trade.
Suzlon inks JV with CLP India for two solar projects in Maharashtra
Wind turbine maker Suzlon Tuesday announced a joint venture (JV) with CLP India for two solar projects with of 50 megawatt (MW) and 20 megawatt (MW) in Dhule, Maharashtra. "As per the agreement signed between CLP India and Suzlon Group on September 10, 2018, CLP India has agreed to acquire 49 per cent stake in Gale Solarfarms Ltd and Tornado Solarfarms Ltd, two special purpose vehicles (SPV) set-up by Suzlon," Suzlon said in a BSE filing. CLP India has the option to acquire the balance 51 per cent stake in the future, it added. CLP India is the wholly-owned subsidiary of Hong Kong Stock Exchange listed CLP Holdings Ltd. It is one of the largest foreign investors in the Indian power sector with a total committed investment of over Rs 14,500 crore. Shares of Suzlon Energy were trading 0.70 per cent higher at Rs 7.17 apiece on BSE.
Lead futures soften by 0.91% on weak spot cues
Lead prices slipped 0.91 per cent to Rs 146.30 per kg in futures market Tuesday as speculators cut down their positions, taking negative cues from spot market on sluggish demand. At the Multi Commodity Exchange, lead for delivery in October declined by Rs 1.35, or 0.91 per cent, to Rs 146.30 per kg in business turnover of 19 lots. Similarly, the metal for delivery in September contracts lost Rs 1.25, or 0.85 per cent, to Rs 145.15 per kg in 873 lots. Analysts said offloading of positions by traders owing to slackened demand from battery makers in the physical market, weighed on lead prices in futures trade.
Aluminium futures slip 0.37% on muted demand
Aluminium prices eased by 0.37 per cent to Rs 149.40 per kg in futures trading Tuesday as speculators cut bets amid easing demand at domestic spot market. At the Multi Commodity Exchange, aluminium for delivery in September shed 55 paise, or 0.37 per cent, to Rs 149.40 per kg in a business turnover of 129 lots. Similarly, the metal for delivery in October contracts was trading lower by 50 paise, or 0.33 per cent, to Rs 151.05 per kg in one lot. Analysts said offloading of positions by participants on the back of subdued demand from consuming industries in the physical market and weak trend overseas as an intensifying trade dispute between the US and China raised concerns over demand for industrial metals, weighed on aluminium prices in futures trade.
Sensex, Nifty open in green; rupee opened higher by 15 paise
The market on Tuesday opened on a positive note with the Sensex rising over 100 points, while the Nifty trading a percent higher.The Sensex traded up 120.42 points at 38042.59, while the Nifty was up 31.70 points at 11469.80.Sharing a positive breadth, sectors such as banking traded in green, while pharmaceuticals, metals and auto too traded higher.The Indian rupee opened higher by 15 paise at 72.30 per dollar, after Monday's record closing low of 72.45 per dollar, down by 72 paise against Friday's close of 71.73.