Page 2688 - Business Finance
Crude oil futures rise marginally on firm overseas cues
Crude oil futures edged Rs 10 higher to Rs 4,931 per barrel today after participants widened their bets, tracking a firm trend overseas. At the Multi Commodity Exchange, crude oil for delivery in October contracts was trading higher by Rs 10, or 0.20 per cent, at Rs 4,931 per barrel with a business turnover of one lot. Crude for September delivery also moved up Rs 7, or 0.14 per cent, to Rs 4,933 per barrel with a business volume of 474 lots. Marketmen attributed the rise in crude oil futures to a firm trend in global market, extending solid gains from the previous session on a fall in US crude inventories and expected disruptions to supply from Iran and Venezuela. Meanwhile, West Texas Intermediate crude prices rose 18 cents, or 0.26 per cent, to USD 69.69 a barrel, while Brent crude was up 16 cents, or 0.21 per cent, at USD 77.62 on the New York Mercantile Exchange.
Pressures on Didi intensify after latest passenger killing
SHANGHAI/BEIJING (Reuters) - China's largest ride-hailing company Didi Chuxing has suspended its carpooling service after a passenger was killed, and is likely to face tighter oversight that will squeeze driver numbers and extend customer waiting times.
Australia Market extends gain to fifth day
The leaders of the United States and Canada expressed optimism on Wednesday that NAFTA negotiations would meet a Friday deadline for a deal. Canada rejoined the talks to modernise the 24-year-old NAFTA after Mexico and the United States announced a bilateral trade deal on Monday, which had helped global equities begin the week on the front foot. Recent NAFTA negotiations have helped clear some of the uncertainty the markets had been feeling, leading to hopes U.S.-China trade tensions will take a turn for the better.
Sensex, Nifty hit fresh intraday low
Key equity indices slipped into negative terrain and hit fresh intraday low in morning trade. At 10:17 IST, the barometer index, the S&P BSE Sensex, was down 54.80 points or 0.14% at 38,668.13. The Nifty 50 index was down 25.10 points or 0.21% at 11,666.80.
Rupee hits fresh record low of 70.81 (Third Lead)
The Indian rupee plunged to a fresh record low of 70.81 to a US dollar during the morning trade session on Thursday.
Board of Mahindra Logistics approves change in CFO and KMP
At meeting held on 29 August 2018
Board of Anant Raj approves scheme of arrangement
At meeting held on 29 August 2018
Japan July retail sales gain might be too little to spur third-quarter growth
TOKYO (Reuters) - Japan's retail sales rose for a ninth straight month in July from a year earlier, handily beating economists' forecasts, in a sign private consumption is supporting the world's third largest economy.
Global Markets: Asia stocks slip; weakness in China outweighs NAFTA trade optimism
TOKYO (Reuters) - Asian stocks surrendered earlier gains and dipped on Thursday,
Gold inches down as rate hike views take sheen off
BENGALURU (Reuters) - Gold prices inched lower on Thursday amid expectations of higher U.S. interest rates, but managed to hold above a key psychological level of $1,200 which acted as a strong support.
Board of Hathway Cable & Datacom approves allotment of 3.08 cr shares to Hathway Investments
On 29 August 2018
Greaves Cotton spurts after acquisition
Greaves Cotton advanced 6.75% to Rs 156.55 at 09:23 IST on BSE after the company's board of directors has approved the proposal of investment in Ampere Vehicles.
Malaysia to impose 5-10 percent tax on goods, 6 percent on services
KUALA LUMPUR (Reuters) - Malaysia will impose a tax of between 5 percent and 10 percent on the sale of goods, while services will attract a 6 percent levy when a new tax regime comes into effect on September 1, the country's customs chief Subromaniam Tholasy said on Thursday.
Tata Consultancy Services update on schedule of buyback of shares
Buyback offer opens on 06 September 2018
Aditya Birla Capital and Aditya Birla ARC form JV with Varde Partners
To create a platform to pursue investment in stressed and distressed assets in India
Benchmarks trade with small gains
Key benchmark indices were trading with small gains in early trade. At 9:17 IST, the barometer index, the S&P BSE Sensex, was up 20.95 points or 0.05% at 38,743.88. The Nifty 50 index was up 2.65 points or 0.02% at 11,694.55.
Panasonic to move UK headquarters on Brexit fears
Panasonic plans to move its European headquarters from Britain to the Netherlands later this year over concerns about potential tax issues related to Brexit, a company spokeswoman said today. "We will move our European headquarters to the Netherlands," the spokeswoman told AFP, confirming a report in the Nikkei business daily about the Japanese electronics giant's decision. Laurent Abadie, CEO of Panasonic Europe, told the Nikkei that the headquarters would move from outside London to Amsterdam in October. The decision was sparked by fears that Japan could treat Britain as a tax haven after Brexit if London decides to lower its corporate tax rate in a bid to attract businesses, she said. If Japan made the designation, Panasonic could face back taxes levied by Tokyo. Abadie told the newspaper that Panasonic had been considering a move for the past 15 months, with concerns about barriers to the flow of people and goods also a factor in the decision to move. Of the 20 to 30 people in the
Crisis-hit Argentina requests $50 bn IMF loan
In an unexpected move Argentina has asked for an early release of a $50 billion loan from the International Monetary Fund amid a growing economic crisis, the IMF said.
Reliance Infra in spotlight after completing sale
Reliance Infrastructure announced the successful completion of the sale of its 100% shareholding in Integrated Mumbai Power Distribution Business to Adani Transmission. The total transaction value is Rs 18800 crore. The announcement was made after market hours yesterday, 29 August 2018.
Market may resume gains
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 16 points at the opening bell, backed by positive global cues.