Page 2697 - Business Finance
TUV India Bagged 'Best Company Culture' Award at Employee Engagement & Experience Summit & Awards 2018
/ --TUV India Pvt. Ltd. part of TV NORD GROUP was awarded in 'Best Company Culture' category at Employee Engagement & Experience Summit & Awards 2018 on 24th Aug 2018. The event was conceptualized and organized by 'Transformance Business Media'. Award was presented by Mr Hemant Vijayrao Deshmukh, Chairman, MPSSDEGB, Madhya Pradesh at Westin Garden, City Mumbai. (Photo: https://mma.prnewswire.com/media/736657/Team_TUV_India_Manish_Bhuptani.jpg ) Transformance Forums as they describe, aim to create and bring around a Transformational Leadership for Individuals and Industry. Team TUV India, with consistent efforts to offer customers their best services, which always stands apart in the business. As a company, TUV India is equally taking efforts to have a most healthy company culture which is nothing but their Leadership, Learning & Development Programs, Employee Engagement and Welfare Initiatives, Customer Orientation along with Corporate Social Responsibilities . All these .
High crude oil prices dent rupee; touches record low
High global crude oil prices and a rise in the demand for US dollar pulled the Indian rupee to a fresh low on Wednesday.
Inflows in SIPs may turn vulnerable if returns turn negative: UBS
Retail flows into Indian equity market are likely to be vulnerable as equities are perceived as a risky asset, while investors' fixation with the bank account still remains, says a UBS report. According to the global financial services major, investors are open to put a stop on fresh investments or even redeeming SIPs (systematic investment plan or monthly committed investments) due to various catalysts. According to a UBS Evidence Lab survey authored by Gautam Chhaochharia and Sanjena Dadawala, analysts with UBS Securities India, retail inflow in SIPs may be vulnerable if returns turn negative. "Our view of moderation in local retail flows has started to play out, but Nifty and SMID (small and midcaps) valuations suggest strong sustained support from local flows is being priced in," UBS said in a research note. "We remain underweight on SMIDs and believe the risk-reward for the market remains unattractive," it added. Domestic investors have made significant investments in the Indian .
Volumes soar at India Tourism Development Corporation Ltd counter
India Tourism Development Corporation Ltd clocked volume of 3.57 lakh shares by 14:14 IST on NSE, a 16.57 times surge over two-week average daily volume of 21546 shares
Global Markets: Stocks hover as investors still on tenterhooks over trade deal
LONDON (Reuters) - Global stocks faltered on Wednesday as optimism over a U.S.-Mexico trade deal faded with investors anxious about Canada's acquiescence and eyeing a deadline for the next round of China-U.S. tariffs next week.
Restaurant operator Yum China rejects $17.6 billion Hillhouse-led offer: sources
HONG KONG (Reuters) - Fast-food chain operator Yum China Holdings Inc has rejected a $17.6 billion buyout offer from a consortium led by Chinese investment firm Hillhouse Capital Group, quashing what would have been one of Asia's biggest deals this year, people with direct knowledge of the matter said.
Rs 2.25 lakh cr lost to demonetise Rs 13,000 cr: Chidambaram
Making a sharp attack on the Modi government on demonetisation, former Finance Minister P. Chidambaram on Wednesday said the country paid a "huge price" for cancelling what turned out "a small sum" of Rs 13,000 crore.
Analysis: Indonesia's push to nationalise energy assets could chill foreign investment
SINGAPORE/JAKARTA (Reuters) - Indonesia is pushing to nationalise more of its oil and gas assets as it tries to reduce imports and boost government revenue amid emerging market turbulence that has staggered Southeast Asia's biggest economy.
Aston Martin plans to go public as turnaround picks up speed
LONDON (Reuters) - Luxury carmaker Aston Martin plans to float on the London Stock Exchange, completing a turnaround for the once perennially loss-making company that could now be valued at up to 5 billion pounds ($6.4 billion).
Market breadth turns negative
Key equity indices continued trading in negative terrain in mid-afternoon trade. At 14:18 IST, the barometer index, the S&P BSE Sensex, was down 65.82 points or 0.17% at 38,830.81. The Nifty 50 index was down 24.15 points or 0.21% at 11,714.35. Traders booked profits after recent gains, which were backed by favourable global cues.
Trade tensions cast shadow as China's top banks post higher profits
BEIJING (Reuters) - Agricultural Bank of China (AgBank), the country's third-largest lender, said its asset quality is expected to stabilize but mounting trade tensions are a threat to the global economy, after posting higher half-yearly profits.
London house prices to fall this year and next, 1-in-3 chance of a crash: Reuters poll
LONDON (Reuters) - House prices in London's overvalued market will fall this year and next, a Reuters poll of analysts and experts predicted, and will tumble if Britain fails to reach a deal ahead of its departure from the European Union.
Atlantia CEO rejects nationalisation of Autostrade: newspaper
MILAN (Reuters) - Italy's Atlantia rejects the idea of nationalising its Autostrade unit but does not exclude cooperation with state-controlled funds, its CEO said in his first interview after a deadly bridge collapse.
IOC to invest Rs 286 cr to expand LPG bottling output in north-east India by 2020
Public sector undertaking Indian Oil Corporation will invest over Rs 286 crore to enhance its LPG bottling capacity, including setting up of two greenfield plants, in North East by 2020. The company is establishing two new facilities at Agartala in Tripura and Barapani in Meghalaya at a total investment of Rs 217.46 crore. "With increase is demand, we are ramping up our LPG bottling capacity across north-east. While we are adding more output to the existing plants, new units are being set up to cover more areas," Indian Oil Corporation Chief General Manager (IndianOil-AOD) Uttiya Bhattacharyya told PTI here. The company currently has 10 bottling plants across north east and these are functioning at over 100 per cent utilisation rate, he added. Expansion is going on at six units, including two greenfield locations. "In this entire exercise, we will invest more than Rs 286 crore by August 2020," Bhattacharyya said. The IOC is pumping in Rs 143.46 crore to set up the plant at Agartala ...
NCLAT admits Mistry's petition against order upholding his removal
The National Company Law Appellate Tribunal (NCLAT) today admitted a petition moved by outsted Tata Sons Chairman Cyrus P Mistry seeking to set aside an order of a Mumbai-bench of the company law tribunal upholding his removal. In the July 9 order, a bench of NCLT Mumbai had dismissed Mistry's plea challenging his removal as Chairman of Tata Sons. Hearing the matter today, the two members of the appellate tribunal, headed by its Chairman Justice S J Mukhopadhaya admitted Mistry's petition, which he filed in his personal capacity. The NCLAT also issued notices to Tata Sons and other respondents and asked them to reply in ten days. The matter will now be heard on September 24 along with the original plea filed by Cyrus Investments challenging Mistry's removal from Tata Sons. In his plea, Mistry also sought expunging of remarks and some words used in the July 9 order. Mistry had yesterday filed the petition in his personal capacity, requesting the appellate tribunal to set aside the ...
China's Geely building new plant to make 250,000 bigger-sized cars: sources
BEIJING (Reuters) - China's Geely is building a new plant to produce a quarter of a million bigger-sized cars that will help meet a goal of selling more than 2 million vehicles by 2020 and power its growth, two people familiar with the matter said.
Turkish finance minister says sees no big risk to economy: Hurriyet
ISTANBUL (Reuters) - Turkish Finance Minister Berat Albayrak does not expect a big risk to the economy or financial system, he was quoted as saying on Wednesday, amid what investors say is a widening crisis caused by a sell-off in the lira.
Gold turns weak on muted demand
Gold slipped by Rs 70 to Rs 31,080 per 10 gram due to sluggish demand from jewellers and weak global cues. Silver too lost Rs 170 to Rs 38,300 per kg due to reduced offtake by industrial units and coin makers. Traders said apart from a weak global trend, fall in demand from local jewellers and retailers at prevailing higher levels led to the decline in gold prices. Globally, gold fell 0.85 per cent to USD 1,200.50 an ounce in New York Yesterday. Silver also shed 1.14 per cent to USD 14.69 an ounce. In the national capital, gold of 99.9 per cent and 99.5 per cent purity slipped by Rs 70 each to Rs 31,080 and Rs 30,930 per 10 gram, respectively. The precious metal had gained Rs 530 in the previous four sessions. Sovereign also fell by Rs 100 to Rs 24,500 per piece of eight gram. Silver ready closed lower by Rs 170 to Rs 38,300 per kg, while weekly-based delivery fell by Rs 200 to Rs 37,075 per kg. Silver coins continued to be traded at the previous level of Rs 73,000 for buying ..
Kejriwal demands white paper on demonetization
Delhi Chief Minister Arvind Kejriwal on Wednesday demanded a white paper on demonetization from the central government, saying that people suffered immensely from it.
JSW Steel shares surge 8% on inclusion in Nifty 50
Shares of JSW Steel surged 8 per cent to hit its 52-week high level today following announcement of its entry in NSE Nifty 50 from September 28. The stock jumped 7.97 per cent to Rs 395.40 -- its 52-week high -- on NSE. Drug major Lupin will move out from Nifty 50 from September 28. In its place, JSW Steel will enter the index, NSE Indices (formerly known as India Index Services and Products ) said in a statement yesterday. Shares of Lupin declined 2 per cent to Rs 883.30 on NSE. Besides, it has decided replacement of stock on various other indices including Nifty Next 50, Nifty 500, Nifty 100, Nifty 200, Nifty Midcap 150, Nifty Smallcap 250, Nifty Midcap 50, Nifty Midcap 100 as well as sectoral indices like PSU Banks, media, realty and commodities, among others.