Page 2653 - Business Finance
Balaji Telefilms appoints Aashish Singh as CEO of movie business
Balaji Telefilms Monday said it has appointed Aashish Singh as Chief Executive Officer (CEO) of its movie business. "Aashish will have overall business responsibility for the movie business and will be reporting to Nachiket Pantvaidya, Group Chief Operating Officer," Balaji Telefilms said in a BSE filing. "This appointment in line with Balaji Telefilms enhancing its organisation strength to drive enhanced success with its movie business," it added. Balaji Telefilms said it has a slate of movies it is now curating for the next few years, tailored to diverse audiences. "The movie business follows a smart pre-sales and co-production strategy, enabling Balaji Telefilms to target better commercial values," it added. Shares of Balaji Telefilms were trading 1.74 per cent higher at Rs 111.35 apiece on BSE.
Lupin Ltd spurts 1.85%, rises for third straight session
The stock is quoting at Rs 948.65, up 1.85% on the day as on 12:49 IST on the NSE. Lupin Ltd is down 4.9% in last one year as compared to a 18.03% gain in NIFTY and a 16.07% gain in the Nifty Pharma index.
Cadila Healthcare Ltd up for third straight session
The stock is quoting at Rs 416.05, up 3.3% on the day as on 12:49 IST on the NSE. Cadila Healthcare Ltd is down 17.85% in last one year as compared to a 18.03% jump in NIFTY and a 16.07% jump in the Nifty Pharma index.
NMDC Ltd rises for third consecutive session
The stock is quoting at Rs 114.4, up 2.6% on the day as on 12:49 IST on the NSE. NMDC Ltd is down 14.94% in last one year as compared to a 18.03% spurt in NIFTY and a 3.7% spurt in the Nifty Metal index.
Tata Elxsi Ltd spurts 1.89%
The stock is quoting at Rs 1463, up 1.89% on the day as on 12:49 IST on the NSE. Tata Elxsi Ltd is up 69.37% in last one year as compared to a 18.03% spurt in NIFTY and a 52.78% spurt in the Nifty IT index.
Mindtree Ltd gains for third straight session
The stock is quoting at Rs 1144, up 2.63% on the day as on 12:49 IST on the NSE. Mindtree Ltd is up 151.48% in last one year as compared to a 18.03% jump in NIFTY and a 52.78% jump in the Nifty IT index.
Colgate-Palmolive (India) Ltd gains for third straight session
The stock is quoting at Rs 1184.95, up 1.36% on the day as on 12:49 IST on the NSE. Colgate-Palmolive (India) Ltd is up 6.56% in last one year as compared to a 18.03% jump in NIFTY and a 27.22% jump in the Nifty FMCG index.
PVR Ltd spurts 1.66%, gains for fifth straight session
The stock is quoting at Rs 1395.55, up 1.66% on the day as on 12:44 IST on the NSE. PVR Ltd is up 6.51% in last one year as compared to a 18.05% jump in NIFTY and a 5.62% jump in the Nifty Media.
Fund raising via NCDs rises 5 times to Rs 21,000 cr in Apr-Jul
As many as seven companies raised over Rs 21,000 crore through issuance of debentures during April-July period of the ongoing fiscal, a surge of nearly five times from the year-ago period. The funds have been mobilised for business expansion, supporting working capital requirements and other general corporate purposes. As per latest data with market regulator Sebi, Kosamattam Finance, Muthoot Finance, Srei Equipment Finance, Dewan Housing Finance Corp, JM Financial Credit Solutions, Shriram Transport Finance Company and ECL Finance together mopped up Rs 21,048 crore through retail issuance of non-convertible debentures (NCDs) during the period. This was in comparison to three companies collecting Rs 3,681 crore through this route in the same period in 2017-18. Overall, firms had garnered about Rs 4,950 crore in the entire preceding fiscal. Muted demand for qualified institutional placements (QIPs), lukewarm secondary market and apprehension over a sustained rise in interest rates ...
L&T Infotech stock falls over 3% as promoter proposes to offload stake
Shares of Larsen & Toubro Infotech Monday defied broader market trend and slumped more than 3 per cent in morning trade after its promoter L&T proposed to offload stake in the company. In a regulatory filing Larsen & Toubro Infotech last Friday said its promoter Larsen & Toubro Ltd (L&T) proposes to sell its stake in the company. L&T proposed to sell up to 59 lakh equity shares representing 3.41 per cent of the total paid up equity share capital of Larsen & Toubro Infotech, with an over subscription of 46.28 lakh equity shares representing 2.67 per cent though stock market route on Monday and Tuesday. Reacting to the development, shares of Larsen & Toubro Infotech opened on a negative note at Rs 1,732, then fell to a low of Rs 1,730, down 3.68 per cent over its previous closing price. Similar movement was seen on the NSE as well, where the stock opened at Rs 1,734, then fell to a low of Rs 1,729.80, down 3.77 per cent over its last close. The floor ...
Maize futures rise on physical spot demand
Maize prices went up by Rs 9 to Rs 1,371 per quintal in futures trade today on accumulating of bets by the traders in line with emerging physical markets. According to marketmen, the upmove in maize futures prices mainly came through robust demand against tight stocks. At the National Commodity and Derivatives Exchange, the maize delivery for October rose by Rs 9, or 0.66 per cent, to Rs 1,371 per quintal with an open interest of 5,620 lots. Similarly, the delivery for November inched up by a rupee, or 0.07 per cent, to Rs 1,394 per quintal with an open interest of 1,070 lots.
Asian factories feel pinch from escalating trade conflict
TOKYO (Reuters) - Manufacturing activity in major Asian economies took a hit from weak export orders in August, a sign firms are starting to feel the pinch from intensifying trade friction between the United States and China that many fear could derail global growth.
Police in U.S. probe JD.com CEO over sexual misconduct accusation
BEIJING/NEW YORK (Reuters) - The billionaire CEO of Chinese e-commerce giant JD.com Inc, Richard Liu, was arrested in the U.S. state of Minnesota on suspicion of criminal sexual conduct and later released, and police said an investigation is ongoing.
Turmeric futures slip 1.29 pc on weak demand
Turmeric prices fell by 1.29 per cent to Rs 6,726 per quintal in the futures trade today on account of easing demand from retailers and industrial buyers. Besides, reports of improved sowing from major growing areas of Tamil Nadu, Karnataka and Maharashtra also influenced turmeric futures' prices. At the National Commodity and Derivatives Exchange, turmeric for September declined by Rs 88, or 1.29 per cent, to Rs 6,726 per quintal with an open interest of 9,670 lots. Similarly, the spice for October lost Rs 78, or 1.13 per cent, to Rs 6,790 per quintal in 8,500 lots. Market analysts said off-loading of positions by traders, triggered by fall in demand at the domestic spot market against adequate stocks position mainly exerted pressure on turmeric prices.
Happy Loans, Mswipe eye Rs.750Cr MSME loan disbursal by FY 2020
Mswipe, an independent merchant acquirer, in partnership with Happy Loans, a mass-market digital lender, announced that they have disbursed over 12,000 loans to micro, small and medium enterprises (MSMEs) in the last 15 months, through a 100 per cent digital lending process, with an average loan value of Rs 31000. Together, they aim to disburse loans worth Rs 750 crore to MSMEs on the Mswipe platform by FY20.Happy Loans evaluates merchants on over 100 variables before sanctioning the loans. The two primary criteria being the Mswipe Risk Score, a score generated based on analysis of transaction patterns of merchants on Mswipe's terminals and the Mswipe Merchant Profile, which leverages artificial intelligence and machine learning to generate a detailed merchant profile.The company provides merchant-friendly payback options - merchants can opt for split settlement on everyday basis (fixed daily deduction of loan installment from the payments accepted through the Mswipe terminal). Most ..
Board of Tarini International approves change in directorate
On 03 September 2018
Demand from enterprise, education sectors to grow India business: Prysm
Display and visual collaboration solutions provider Prysm has said it expects to see strong demand coming in from areas like smart cities, education and enterprises in India, which already ranks among its top three global markets. The company has recently launched its large format, single display laser phosphor display (LPD) 6K series in India in two variants -- 135-inch and 190 inch (diagonally) -- priced between USD 150,000-300,000. "In India, the number one market for us would be the enterprise segment and we already have a good install base of enterprise customers using our first generation of LPD displays... Government is very big market and we are initiating discussions..," Prysm founder and CEO Amit Jain told PTI. Education market has been global success and we are again handling education India - primarily focused at the university level than high school or middle schools, he added. He declined to disclose revenue numbers but said India is among its top three global markets - .
Guar seed futures advance on positive spot leads
Guar seed prices firmed up by Rs 27 to Rs 4,478 per quintal in futures trade today as traders widened exposures on robust physical market cue. Markertmen said elaborating of bets by the participants, guided by rising prices in the spot markets due to brisk demand from guar gum makers against tight position of stocks, dominated the up-swing in the guar seed futures prices. At the National Commodity and Derivative Exchange, guar seed for November hardened by Rs 27, or 0.61 per cent, to Rs 4,478 per quintal, revealing an open interest of 11,540 lots. In a similar manner, the delivery for October increased by Rs 17.50, or 0.40 per cent, to Rs 4,426 per quintal, depicting the business turnover in 1,13,410 open interest lots.
Pharma shares advance
Key benchmark indices hovered with modest gains in early afternoon trade. At 12:18 IST, the barometer index, the S&P BSE Sensex, was up 83 points or 0.21% at 38,728.07. The Nifty 50 index was up 24.25 points or 0.21% at 11,704.75. Pharma shares gained.
Guar gum futures climb on brisk export demand
Guar gum prices shot up by Rs 108 to Rs 9,643 per quintal in futures trade today as traders enhanced bets, driven by firm physical markets on strong export demand amid lingering rupee against dollar. Marketmen said the upsurge in guar gum futures to higher trend in the physical markets on the back of a boost in export demand for oil drilling industries due to fall in rupee value against the dollar. The rupee depreciated to trade above at 70.75 marks in the forex market. The hike in crude oil prices, too, gave a push to the guar gum futures prices, they quoted. At the National Commodity and Derivative Exchange, guar gum for October climbed up by Rs 108, or 1.13 per cent, to Rs 9,643 per quintal with the business turnover in 60,125 open interest lots. Likewise, the delivery for November jumped up by Rs 99, or 1.03 per cent, to Rs 9,725 per quintal having an open interest of 5,305 lots.