Page 2630 - Business Finance
Tinna Trade Ltd leads losers in 'B' group
Greenlam Industries Ltd, Palash Securities Ltd, Jaiprakash Power Ventures Ltd and Vivanta Industries Ltd are among the other losers in the BSE's 'B' group today, 05 September 2018.
Volumes spurt at Bharat Electronics Ltd counter
Bharat Electronics Ltd registered volume of 1141.69 lakh shares by 14:14 IST on NSE, a 21.54 fold spurt over two-week average daily volume of 53.01 lakh shares
Luxury perfume brand Creed to launch in India
London's 250-year-old perfume brand Creed will be launched in India.
Gold rises on jewellers' buying, firm global trend
Gold rallied by Rs 200 to Rs 31,400 per 10 gram at the bullion market Wednesday on pick-up in buying by local jewellers amid a firm global trend. However, silver lost Rs 250 to Rs 37,600 per kg due to reduced offtake by industrial units and coin makers. Marketmen said gold rose on increased buying by local jewellers to meet the festive season demand. Besides, a firm global trend where the dollar eased despite concerns of an escalation in the trade conflict between the US and China, aided the uptrend. Moreover, a depreciating rupee, which crashed to a record low of 71.79 against the dollar, making imports costlier, led to the rise in gold prices. Globally, gold rose 0.22 per cent to USD 1,193.70 an ounce in Singapore. In the national capital, gold of 99.9 per cent and 99.5 per cent purity rebounded by Rs 200 each to Rs 31,400 and Rs 31,250 per 10 gram, respectively. It had lost Rs 150 in the previous two days. Sovereign however held steady at Rs 24,500 per piece of eight gram. On the .
DBS Business Centers plans expansion in Tier II cities with Ahmedabad, Pune
Pioneers in the 'instant office space', DBS, with a strong presence at nine locations across prominent cities in India, celebrates one year of successful operation of Andheri Center, while Navi Mumbai Center completed two productive years.Early 80's witnessed the unfolding of an innovative way of business operations. The large, traditional British styled offices were widespread. Although costs may have been a constraint, there was sufficient commercial office space available. In the 80s, corporate India was in a nascent stage, stabilizing and growing at a slow pace.As the economy opened up, India saw an influx of multi-nationals from across the world looking to tap in to the large opportunity in our country. During this time, DBS Business Centers introduced the concept of 'instant offices'. The idea behind the concept was to provide flexible office solutions to allow companies to run their business without having to deal with any of the hassles of setting up their own offices or ...
Palmolein oil rises on good demand, global cues
Palmolein oil prices firmed up by Rs 50 per quintal at the wholesale oils and oilseeds market due to pick up in demand from vanaspati millers amid firm global cues. Linseed oil in the non-edible section, also went up on increased offtake by consuming industries. Traders said besides uptick in demand from vanaspati millers, restricted arrivals from producing belts and a firm trend overseas, mainly attributed the rise in palmolein oil prices. Meanwhile, the benchmark palm oil for November was up 1.8 per cent at 2,298 ringgit (USD 555.47) a tonne on the Bursa Malaysia Derivatives Exchange. In the national capital, palmolein (rbd) and palmolein (Kandla) oils were up by Rs 50 each to Rs 6,800 and Rs 6,850 per quintal, respectively. In the non-edible section, linseed oil also traded higher by Rs 100 to Rs 9,600 per quintal on fresh enquiries from paint industries. Following are today's quotations (in Rs per quintal): Oilseeds: Mustard seed Rs 2,950-3,050 and Groundnut seed Rs 2,150-2,900, ..
Centre to discuss 'Pariwartan' scheme with lenders
The Centre will Wednesday discuss with lenders, including PFC, issues related to 'Pariwartan' scheme under which the government plans to warehouse stressed power projects to protect their value. Power Asset Revival through Warehousing and Rehabilitation (Pariwartan) scheme looks to warehouse around 25,000 MW stressed projects under an asset management company in a bid to protect their value and prevent them from distress sale. "There are some issues in that scheme (Pariwartan) which needs to be discussed," Power Secretary A K Bhalla said here. He was speaking to reporters on the sidelines of Coal Summit organised by India Energy Forum. "There are some concessions that are needed from RBI like upfront valuation of the stressed assets," he said. According to official sources, Power Minister R K Singh will chair the meeting. A Parliamentary panel had earlier recommended new framework for resolution of stressed assets in power sector saying RBI's framework, brought in February, "addresses
US likely to slap tariffs on $200 bn of Chinese goods
The Donald Trump administration is eyeing another package of tariffs on Chinese products as the trade war between Washington and Beijing showed no signs of abetting.The US is likely to impose tariffs on USD 200 billion of Chinese products on September 7 after the public comment period on taxes closes on September 6.The US sought public comments on the proposed list of products that would be affected by the tariffs. Last month, public hearings were held and American businesses were permitted to submit their written comments on the proposal, CNN reported.In July, Washington had slapped 25 per cent tariffs on USD 34 billion of Chinese imports and imposed another USD 16 billion last month. China retaliated by imposing 25 per cent tariffs on American goods worth USD 16 billion.It is yet to be clear whether the new tariffs by the US would be set at either 10 per cent or 25 per cent.So far, Beijing has imposed 25 per cent tariffs on USD 50 billion of American goods. It has also threatened ...
Ericsson expands end-to-end 5G platform in India
Swedish telecommunications company Ericsson on Wednesday announced the expansion of its end-to-end 5G platform in India by adding new radio products and software solutions for local service providers.
Euro zone business activity picked up in August but optimism dimmed - PMI
LONDON (Reuters) - Euro zone business activity accelerated slightly last month, extending a period of solid growth, but a growing global trade war kept optimism in check and suggests the pace may not be maintained, a survey showed.
Balkrishna Industries slumps over 17% in three sessions
Balkrishna Industries fell 3.91% to Rs 1131 at 13:43 IST on BSE, extending recent losses triggered by the company announcing a capital expenditure plan of Rs 1700 crore.
Shriram Transport Finance Company Ltd drops for fifth straight session
The stock is quoting at Rs 1279.1, down 1.4% on the day as on 13:19 IST on the NSE. Shriram Transport Finance Company Ltd jumped 20.69% in last one year as compared to a 15.31% rally in NIFTY and a 13.19% spurt in the Nifty Financial Services index.
Mahindra & Mahindra Ltd slips for fifth straight session
The stock is quoting at Rs 927.2, down 0.49% on the day as on 13:19 IST on the NSE. Mahindra & Mahindra Ltd jumped 40.85% in last one year as compared to a 15.31% rally in NIFTY and a 0.46% fall in the Nifty Auto index.
Balkrishna Inds extends decline after unveiling capex plans
Balkrishna Industries fell 5.42% to Rs 1,195 at 11:32 IST on BSE, extending yesterday's losses triggered by the company announcing a capital expenditure plan of Rs 1700 crore.
Euro zone business activity picked up in August but optimism dimmed -PMI
LONDON (Reuters) - Euro zone business activity accelerated slightly last month, extending a period of solid growth, but a growing global trade war kept optimism in check and suggests the pace may not be maintained, a survey showed.
Isuzu Motors opens another outlet in Andhra
Expanding its network in Andhra Pradesh, Isuzu Motors India on Wednesday opened a new authorised outlet here.
MosChip Semiconductor acquires four companies
MosChip Semiconductor Technology, a Hyderabad-based leading semiconductor and IoT technology company, on Wednesday announced the acquisition of four companies.
Record attendance of 76 per cent in railway recruitment exam: Ministry
A record 76.76 per cent of candidates appeared in the first stage of the railway's computer-based examination for recruitment as assistant loco-pilot and technician, the national transporter said Wednesday. The first phase of the exam was held on August 9. The subsequent phases were conducted on August 10, 13, 14, 17, 20, 21, 29, 30 and 31. Exams for flood-hit Kerala were postponed for September 4. "We have successfully completed 1st stage CBT for more than 47 lakh candidates, competing for 64,037 ALP and technician posts, with record attendance of 76.76 per cent in the history of RRBs. Applicants in previous ALP/Technician exam was about 32 lakhs and attendance was 47.47 per cent," the ministry tweeted from its official handle.
New industrial policy to help link industry with global supply chains: Prabhu
The proposed new industrial policy, to be released soon, would help link domestic industry with the global supply chain, Commerce and Industry Minister Suresh Prabhu Wednesday said. He said that the auto component industry has successfully used this linkage to promote the sector's growth. "We are coming out soon with the new industrial policy. We are giving final touches to it. It has many components. One key element is how do you link industry with global supply chains," he said here. The new policy will replace the industrial policy of 1991, which was prepared in the backdrop of balance of payment crisis. The proposed policy aims at promoting emerging sectors and modernising the existing industries. It will also look to reduce regulatory hurdles and encourage adoption of frontier technologies such as robotics and artificial intelligence. The ministry in August last year had floated a draft industrial policy with an aim to create jobs for the next two decades, promote foreign ...
Zinc futures gain 0.75 pc on positive spot cues
Zinc prices rose by 0.75 per cent to Rs 174.60 per kg in futures market as speculators raised bets, taking positive cues from the spot market on strong demand. At the Multi Commodity Exchange, zinc for September edged up by Rs 1.30, or 0.75 per cent, to Rs 174.60 per kg in business turnover of 7708 lots. Analysts said widening of positions by participants, driven by pick up in demand from consuming industries in the spot market pushed up zinc prices in futures trade. Similarly, the metal for October was trading higher by Rs 1.25, or 0.72 per cent, to Rs 175 per kg in 111 lots.