Page 2701 - Business Finance
Australia Market ups 0.4%
Investors digested news that Canada's Foreign Minister Chrystia Freeland has arrived in Washington to resume talks about the future of the three-nation North American Free Trade Agreement or NAFTA, after the U.S. and Mexico agreed to a new trade deal on Monday.
Board of Hathway Cable & Datacom approves issue of 3.08 cr shares to Hathway Investments
At meeting held on 29 August 2018
Hindustan Oil Exploration Company secures block in Dirok Area
Under Open Acreage Licensing Policy Bid Round I
Artson Engineering jumps after new order win
Artson Engineering surged 14.22% to Rs 69.50 at 10:15 IST on BSE after the company received a purchase order from Thyssenkrupp Industries India of about Rs 15 crore.
Emerging market fund managers hunt for bargains after Turkey contagion
TOKYO (Reuters) - Turkey's economic crisis has created headaches for investors and policymakers across emerging markets, but for some fund managers, it's a chance to pick up a range of cheap assets, from Indonesian bonds to Brazilian equities.
Gold gains some ground, but rate hike views weigh on market
BENGALURU (Reuters) - Gold prices edged higher on Wednesday after the previous session's sharp fall, but rising U.S. interest rates and lingering Sino-U.S. trade tensions continued to weigh on the market with investors selling the metal at small rallies.
Sensex turns choppy after hitting record high
In volatile trade, the benchmark BSE Sensex hit a new life-time high of 38,989.65, extending its record-setting spree for a third session on buying by domestic investors amid short-covering ahead of August futures and options (F&O) expiry and mixed Asian cues. The 30-share index rose by 93.02 points, or 0.23 per cent, to hit a new high of 38,989.65, bettering its previous intra-day record of 38,938.91 hit yesterday. The index, however, turned choppy and was trading flat at 38,896.02 at 0945 hrs. The gauge has rallied 644.83 points in the previous two sessions. The 50-share NSE Nifty too turned cautious and was trading 14.70 points, or 0.12 per cent, higher at 11,753.20. Sentiment turned cautious ahead of August series F&O expiry scheduled tomorrow amid mixed cues from other Asian bourses, traders said. Prominent gainers were Vedanta, Sun Pharma, Adani Ports, Tata Motors, HDFC, SBI, ONGC, RIL, Bharti Airtel, M&M, Axis Bank, Maruti Suzuki and NTPC, rising up to 2.06 per ...
Market trades with small gains
Key benchmark indices were trading with small gains in early trade. At 9:20 IST, the barometer index, the S&P BSE Sensex, was up 46.35 points or 0.12% at 38,942.98. The Nifty 50 index was up 10.15 points or 0.09% at 11,748.65.
Wipro wins contract from Falck, Denmark for transformation of finance operations
As part of the contract, Wipro will help transform Falck's finance operations through its enterprise operations transformation model. Wipro will leverage its proprietary digital simplification platform - Base))) Harmony along with its expertise in robotics process automation and cognitive intelligence to enable process consolidation, harmonization and optimization of finance & accounting processes across Falck's operations. This engagement will help Falck increase operational efficiency and achieve data and process consistency across its different entities around the globe.
SBI gains on plans to sell stake in NSE
State Bank of India rose 0.71% to Rs 307.10 at 09:25 IST on BSE after the bank said it plans to sell stake in the National Stock Exchange of India.
India's economy seen growing at steady 7.6 percent pace in April-June: Reuters poll
BENGALURU (Reuters) - India likely grew 7.6 percent in the April-June quarter, propelled in part by an improvement in manufacturing and exports, a Reuters poll showed.
China's state planner head says economy faces increased risks in H2
BEIJING (Reuters) - China's state planner head has warned the economy faces increased risks in the second half of this year and that greater effort would be needed for policymakers to hit economic development goals as external challenges intensify.
Rupee falls 22 paise to 70.32 against US dollar
The rupee weakened by 22 paise to 70.32 against the US dollar today, hurt by fresh demand for the American currency from importers. Traders said besides fresh demand of the US currency from importers, dollar's strength against some currencies overseas weighed on the domestic unit. Yesterday, the local currency had bounced back in a tepid fashion from the record closing low, gaining 6 paise to end at 70.10 against the US currency. Meanwhile, the benchmark BSE Sensex rose nearly 100 points to hit another record of 38,989.65, and Nifty too hit a peak of 11,751.05, up 12.55 points or 0.11 per cent.
Oil edges up on looming Iran sanctions, but rising global supply caps market
SINGAPORE (Reuters) - Oil markets were stable on Wednesday, buoyed by falling supplies from Iran ahead of U.S. sanctions but held in check by rising production outside the Organization of the Petroleum Exporting Countries.
Fast-food chain Yum China rejects $17.6 billion Hillhouse buyout offer: source
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, a person with direct knowledge of the matter said.
Shares may witness profit selling
Market may correct on profit booking after recent strong gains. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 13 points at the opening bell.
SBI in focus on plans to sell stake in NSE
State Bank of India (SBI) said that the appropriate authority has accorded approval to explore and initiate the process of divestment upto 3.8958% of stake of SBI in National Stock Exchange of India (NSE) through secondary sale. The announcement was made after market hours yesterday, 28 August 2018.
Asia shares eke out gains, dollar befuddled by trade doubts
SYDNEY (Reuters) - Asian shares crept marginally higher on Wednesday as optimism over the U.S.-Mexico trade deal was quickly clouded by caution ahead of a looming deadline on tariffs with China.
Exclusive: Mexico-U.S. deal includes Mexican auto export cap - sources
WASHINGTON/MEXICO CITY (Reuters) - A proposed U.S.-Mexico trade deal would allow President Donald Trump to slap punitive tariffs of up to 25 percent on imports of Mexican-made cars, sport utility vehicles and auto parts above certain volumes, auto executives and sources said on Tuesday.
Oil prices inch up on Iran sanctions, but rising global supply caps market
SINGAPORE (Reuters) - Oil markets were stable on Wednesday, buoyed by falling supplies from Iran ahead of U.S. sanctions but held in check by rising production outside the Organization of the Petroleum Exporting Countries.