Page 2616 - Business Finance
Technology roles dominate emerging jobs market: report
As the country's economic landscape evolves, new jobs are emerging with technology roles dominating the market, and machine learning engineer and application development analyst leading the pack, a report said. According to LinkedIn's Top 10 Emerging Jobs in India report technology roles dominate this list, but these roles are no longer limited to technology companies. For this report, LinkedIn looked at its over 50 million members in India who included work experience on their profile. It then grouped together the millions of unique, user-input job titles based on common job roles. The report further revealed that today tech jobs are in demand across sectors from pharma to banking and retail, and companies in these various industries see a high demand for talent in these roles. With nearly 5 million people expected to join the workforce every year, the country's adaptability to change is key, it added. Other emerging jobs in the top 10 list are back-end developer, ...
World stocks fall for fifth straight day on trade fears
LONDON (Reuters) - World shares fell for a fifth straight day on Thursday as investors braced for another escalation in a trade war between the United States and China, while emerging-market currencies paused near 15-month lows.
Vistara, British Airways ink code share agreement
Vistara has signed a code share pact with British Airways, a move that will provide convenient connections for the daily flights operated by the overseas carrier to various Indian cities. With the new agreement, both airlines are deepening their existing interline partnership. Besides, Vistara is the only code share partner for British Airways in India, according to a release. Code sharing allows an airline to book its passengers on its partner carriers and provide seamless travel to destinations where it has no presence. An interline arrangement refers to a pact to issue and accept tickets for flights that are operated by the partner airline. Under the code share pact, British Airways would add its 'BA' designator code to around 60 Vistara-operated flights each day covering 13 Indian cities including Ahmedabad, Amritsar, Bhubaneswar, Chandigarh, Goa, Kolkata, Kochi, and Pune, among others. "Additionally, the BA code will also be put on Vistara flights between Mumbai and Amritsar, ...
Nifty September 2018 futures at small premium
Turnover on NSE's F&O segment jumps
L&T Technology Services to acquire Graphene Semiconductor Services
For cash consideration of Rs 93 crore
SBI Mutual Fund appoints Ashwani Bhatia as MD, CEO
SBI Mutual Fund, which is among the top five fund houses in the country, has an assets base of Rs 2,33,114 crore as on June 30
Daimler rolls out 100,000th vehicle from TN factory
Chennai-based commercial vehicle maker Daimler Thursday rolled out the 100,000th vehicle from its Oragadam manufacturing facility. Daimler India Commercial Vehicles (DICV),which is the the 100 per cent Indian subsidiary of the Daimler AG, Germany, had started production from the facility in 2012 and rolled out the first BharatBenz rigid heavy-duty trucks in June that year. "The 1,00,000th vehicles illustrate the unprecedented ramp-up of our operations since 2012. We are proud to have reached another important milestone on our sustainable growth path in India," said Erich Nesselhauf, managing director and chief executive officer, DICV. The Oragadam facility near Chennai manufacture nine to 49 tonne trucks besides buses and coaches under the brand name BharatBenz buses and Mercedes-Benz caches in the domestic market. *************** Inditrade expands presence in Karnataka, Odisha * Agri-commodity financing and microfinance company Inditrade said Thursday, it has ...
Aurobindo Pharma shares soar over 9 pc on Sandoz deal
Shares of Aurobindo Pharma surged over 9 per cent Thursday after the company said it will acquire dermatology and oral solids businesses from Sandoz Inc, USA, for USD 900 million. The scrip jumped 9.12 per cent to settle at Rs 759.55 on BSE. During the day, it soared 9.77 per cent to Rs 764.15. On NSE, shares of the company zoomed 9.32 per cent to close at Rs 761.95. The company's market valuation also moved up by Rs 3,717.61 crore to Rs 44,502.61 crore. In terms of the equity volume, 9.25 lakh shares of the company were traded on BSE and over 1 crore shares changed hands on NSE, during the day. Aurobindo Pharma Thursday announced signing of a definitive agreement to acquire certain assets from Sandoz Inc, USA, a Novartis division, comprising of a market leading dermatology business and a portfolio of oral solid products along with commercial and manufacturing infrastructure in the US. The acquisition will be made through its wholly-owned subsidiary, Aurobindo Pharma USA Inc, the ...
China's Meituan Dianping confirms $4.4 billion Hong Kong IPO plans
HONG KONG (Reuters) - China's Meituan Dianping, an online food delivery-to-ticketing services platform, confirmed it had filed for an up to $4.4 billion Hong Kong IPO and said it will focus on its domestic business instead of overseas expansion in the near future.
Toyota says in talks with Geely on cooperation in hybrid vehicle tech
BEIJING (Reuters) - Toyota Motor Corp said on Thursday it is in talks with Chinese automaker Geely about cooperation in gasoline-electric hybrid vehicle technology, but nothing has been decided on the matter.
Copper, zinc strengthen on renewed demand
Copper and zinc prices rebounded at the non-ferrous metals market here on stockists' buying and renewed demand from industrial users. While, tin prices slipped owing to sluggish demand from alloy industries. Copper cable scrap, copper scrap heavy, copper armature, copper billets and zinc gained by Rs 2 per kg each to Rs 452, Rs 447, Rs 444, Rs 480 and Rs 214 from Wednesday's closing level of Rs 450, Rs 445, Rs 442, Rs 478 and Rs 212, respectively. Copper utensils and copper sheet cuttings inched up per kg each to Rs 418 and Rs 441. However, tin eased by Rs 5 per kg to Rs 1,400 as compared to Rs 1,405 yesterday.
Quick Wrap: Nifty Pharma Index records a surge of 2.72%
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Mahindra & Mahindra announces production, sales and export figures
For month of August 2018
Equity indices end 6-day losing streak; Sensex gains over 200 points
The key Indian equity market snapped its six-day losing streak after a largely volatile trading session on Thursday.
Graphic: Why a stronger Indonesia is still Asia's most fragile market
SINGAPORE (Reuters) - Notwithstanding solid economic growth, low inflation and a proactive central bank, Indonesia finds itself in the same uncomfortable position it had during the 2013 emerging markets sell-off - Asia's worst-hit market.
Novartis sells U.S. generics assets to bargain-hunting Aurobindo Pharma
ZURICH/BENGALURU (Reuters) - New Novartis Chief Executive Vas Narasimhan has further reshaped the Swiss drugmaker, announcing on Thursday he is selling U.S. dermatology and generic pill assets to India's Aurobindo Pharma Ltd for up to $1 billion.
Technology jobs are fastest growing for Indian professionals: LinkedIn
If you are aspiring to be a machine learning engineer or an application development analyst, you could be in high demand as these technology jobs are the fastest growing and is among the top 10 for professionals in India, LinkedIn global professional network site said on Thursday.
NIIF fast evolving into investment vehicle for building infra assets: Garg
Singapore-based Temasek has invested USD 100 million in National Investment and Infrastructure Fund's 'Master Fund' and the NIIF is fast evolving into a major investment vehicle, Economic Affairs Secretary Subhash Chandra said Thursday. "Welcome 100 million dollar investment by a Temasek company in NIIF today in the Master Fund. This completes second close of NIIF," Garg tweeted. NIIF, created in 2015, has two operational funds - the 'NIIF Master Fund' that invests directly into companies and a 'Fund of Funds' that invests in funds that are managed by third parties. It is also looking to launch a USD 2-billion long-term fund to finance various mega projects. "NIIF is fast evolving into a major investment vehicle for building infrastructure assets," Garg said. In December 2015, the government had set up the NIIF, an investment vehicle for funding commercially viable greenfield, brownfield and stalled projects.
Lupin to train over 1k graduates for pharma industry by 2020
Pharmceutical giant, Lupin Limited expects to train more than 1,000 under graduates into pharma professionals by the year 2020 under its Learn and Earn Initiative, a senior company official said today. Lupin has launched its 'Learn and Earn' initiative in which candidate who has passed Standard 12 in the science stream with a minimum of 50 per cent marks but are facing financial constraints are taken for three-year-long course during which they are paid stipend and provided all the facilities. "Since 2011 Lupin has helped to create a total of 560 graduates with 181 students passing out this year (2018)," C Srinivasalu, senior vice president (HR) Lupin told reporters in Goa Thursday. "We expect to graduate more than 1,000 students by 2020 adding to the manpower resource of the pharmaceutical sector," Srinivasalu said adding that "most of these would be absorbed by Lupin." The company has initiated the 'Learn and Earn Initiative' at its facilities in Goa, Tarapur ...
Citigroup to overhaul its investment bank - Business Insider
(Reuters) - Citigroup Inc is set to announce a restructuring of its investment banking operations and top executives are taking on new roles, Business Insider reported on Thursday, citing people familiar with the matter.