Page 2711 - Business Finance
N K Industries Ltd leads gainers in 'B' group
Prajay Engineers Syndicate Ltd, Texmo Pipes & Products Ltd, GTN Industries Ltd and Fertilizers & Chemicals Travancore Ltd are among the other gainers in the BSE's 'B' group today, 28 August 2018.
Negative market breadth
Key benchmarks continued range bound trading in early afternoon trade. At 12:17 IST, the barometer index, the S&P BSE Sensex, was up 151.95 points or 0.39% at 38,846.06. The Nifty 50 index was up 40.60 points or 0.35% at 0.35. Both Sensex and Nifty pared gains after hitting fresh all-time highs in early trade.
Atlas Copco to buy cryogenics business from Brooks in $675 million deal
STOCKHOLM (Reuters) - Swedish compressor and vacuum pump maker Atlas Copco is buying U.S.-based Brooks Automation's cryogenic business in a $675 million cash deal to expand its vacuum technology portfolio, the companies said late on Monday.
Norway wealth fund recommends longer deadlines to rebalance portfolio
OSLO (Reuters) - Norway's $1 trillion sovereign wealth fund, the world's largest, should be given longer time to adjust its holdings of stocks and bonds to better exploit differences in return on the two asset classes, the central bank, which manages the fund, recommended.
VMware to acquire CloudHealth for multi-Cloud operations
VMware, the leading enterprise software provider, has announced that it will acquire CloudHealth Technologies, a company which has over 3,000 global customers on its Cloud operations platform.
Jubilant FoodWorks appoints Kapil Grover as CMO for Domino's Pizza
Jubilant FoodWorks, which operates Domino's Pizza and Dunkin' Donuts chains in India, today announced the appointment of Kapil Grover as Chief Marketing Officer (CMO) of Domino's Pizza. Grover brings with him a rich experience of 18 years and will be responsible for leading the marketing strategy for the brand, Jubilant FoodWorks said in a statement. Prior to joining Jubilant FoodWorks, Grover was associated with Burger King India as CMO and has also worked with KFC India, Radico Khaitan and Luxor Writing Instruments in his past stints. At present, the company operates over 1,140 Domino's Pizza and over 35 Dunkin' Donuts outlets in India.
Freecharge, AbhiBus partner to launch new category of services
Digital marketplace for financial services Freecharge has announced the launch of a new category of service offering in partnership with AbhiBus.As a part of its growth strategy to foray into multiple consumer categories, this partnership will allow Freecharge to enable more than 1 lakh routes and 2500 bus operators on its platform for its users.Consumers will also be able to track and manage their trips on the app itself along with zero convenience fee and 24x7 customer support."We have been constantly expanding our portfolio like bus tickets, UPI and financial investments to give consumer more choices and such collaborations will further encourage them to increasingly adopt Freecharge to do more than just recharges and bill payments. Currently 30% of our users transact in more than one category and we are further looking to increase this average with the introduction of new offerings," said CEO Freecharge, Sangram Singh."Given a conducive environment, disruptions will continue to ...
Quikr's realty vertical turns profitable; FY19 revenue may rise two-fold to Rs 170 cr
Online classified platform Quikr's real estate vertical has become profitable and its revenue is likely to more than double to about Rs 170 crore this fiscal driven by a series of acquisitions like HDFC Realty and CommonFloor. With 30 million monthly users, Quikr is India's largest classifieds platform with a valuation of over Rs 10,000 crore. It runs multiple vertical businesses across real estate, automobiles, education, jobs, services and goods sectors. According to sources, Quikr's revenue from real estate vertical has reached about Rs 14 crore per month in July 2018, a three-fold jump from a year-ago, despite overall slowdown in the property market. The real estate division reached profitability in March this year on the back of high margins from brokerage business and accounted for 35 per cent of the company's overall revenue during the last fiscal, they added. The real estate vertical contributed 35 per cent of Quikr's overall revenue last year. Quikr's total revenue was Rs 109
Adani Transmission Ltd leads gainers in 'A' group
Chambal Fertilisers & Chemicals Ltd, L&T Technology Services Ltd, Pfizer Ltd and Sanofi India Ltd are among the other gainers in the BSE's 'A' group today, 28 August 2018.
Oil markets dip amid mixed price signals
SINGAPORE (Reuters) - Oil prices dipped on Tuesday, weighed down by gradually rising output from producer club OPEC but supported by supply risks from places such as Venezuela, Africa and Iran.
Nifty, Sensex at all-time highs; IT, energy drive gains
(Reuters) - Indian stock indexes hit record highs on Tuesday, buoyed by energy and IT shares and positive cues from global markets after the United States and Mexico agreed to overhaul the North American Free Trade Agreement.
Chana futures rise 0.27% as demand picks up
Amid uptick in demand at domestic spot market against restricted supplies from producing belts, chana prices traded higher by 0.27 per cent to Rs 4,097 per quintal in futures trade today as participants created fresh positions. At the National Commodity and Derivatives Exchange, chana for delivery in October rose by Rs 11, or 0.27 per cent, to Rs 4,097 per quintal with an open interest of 25,450 lots. Similarly, the commodity for delivery in September contracts was trading higher by Rs 8, or 0.20 per cent, to Rs 3,990 per quintal in 64,860 lots. Analysts attributed the rise in chana prices futures to pick up in demand in the spot markets against restricted supplies from the producing regions.
Jeera futures gain on spot demand
Jeera prices were up 0.82 per cent to Rs 19,130 per quintal in futures trading today as speculators raised their bets amid pick-up in domestic as well as exports demand at the spot market. Furthermore, tight stocks position on fall in arrivals from the growing regions also supported the upmove in prices. At the National Commodity and Derivatives Exchange, jeera for delivery in September rose by Rs 155, or 0.82 per cent to Rs 19,130 per quintal with an open interest of 6,588 lots. On similar lines, the spice for delivery in October contracts was trading higher by Rs 130, or 0.67 per cent to Rs 19,420 per quintal in 2,388 lots. Analysts said widening of positions by participants on the back of pick-up in domestic as well as exports demand in the physical market against restricted supplies from producing regions, led to the rise in jeera prices at futures trade.
Mentha oil futures fall on profit-booking, down 0.29%
Mentha oil futures drifted lower by 0.29 per cent to Rs 1,759 per kg in futures trading today as speculators booked profits, driven by easing demand at the spot market against adequate stocks position. At the Multi Commodity Exchange, mentha oil for delivery in September fell by Rs 5.20, or 0.29 per cent, to Rs 1,759 per kg in business turnover of 196 lots. Likewise, the oil for delivery in August contracts shed Rs 2.90, or 0.17 per cent, to Rs 1,708.50 per kg in 50 lots. Analysts said besides profit-booking by participants, fall in demand from consuming industries in the physical markets against ample stocks position weighed on mentha oil futures.
Refined soya oil futures slip on negative spot leads
Refined soya oil prices slipped by 0.23 per cent to Rs 728 per 10 kg in futures market today as speculators reduced their holdings, taking negative cues from spot market on low demand. Besides, adequate stocks position on increased supplies from growing regions, too weighed on prices. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September declined by Rs 1.65, or 0.23 per cent to Rs 728 per 10 kg with an open interest of 40,530 lots. In a similar fashion, the oil for delivery in October contracts shed 50 paise, or 0.07 per cent to Rs 724.20 per 10 kg in 13,630 lots. Analysts said cutting down of positions by participants owing to slackened demand in the physical markets against sufficient stocks position on increased arrivals from producing belts, mainly led to decline in refined soya oil prices at futures trade.
Swiggy launches operations in Vadodara, Surat
Food ordering and delivery platform Swiggy has announced the launch of its operations in Vadodara and Surat, making a successful foray into Gujarat post debut in Ahmedabad last year.After becoming the go-to food delivery app in Ahmedabad, Swiggy also started its services in Surat. Prior to its launch, 'The Diamond City' had the maximum pre-launch downloads compared to any other city Swiggy has recently launched in."After tremendous success in Ahmedabad and an exciting launch in Surat and Vadodara, Swiggy is committed to growing in the state of Gujarat by providing food lovers with the convenience and reliability that we are known for. The response has been very positive, as our customer centric approach has resonated very well with Amdavadis, Suratis and Vadodarites alike. We aim to launch in even more cities in Gujarat in the upcoming months," said Vice President - Marketing Swiggy, Srivats TS.Swiggy for Food lovers: With over 2100 of the best restaurants in the three cities, Swiggy .
HIL sizzles after completing overseas acquisition
HIL surged 4.82% to Rs 2,370.20 at 11:42 IST on BSE after the company's subsidiary completed the acquisition of Germany-based Parador Holdings GmbH.
Board of Jet Airways considers fund raising measures and accelerates turnaround strategy
At meeting held on 27 August 2018
Outcome of board meeting of Shree Pushkar Chemicals & Fertilizers
Held on 27 August 2018
Zen Technologies gets revision in ratings for bank facilities
From CARE Ratings