Page 2713 - Business Finance
Market pares early gains
Key indices came off day's high in morning trade. At 10:23 IST, the barometer index, the S&P BSE Sensex, was up 142.93 points or 0.37% at 38,837.04. The Nifty 50 index was up 42.35 points or 0.36% at 11,734.30. Both Sensex and Nifty pared gains after hitting fresh all-time highs in early trade.
Corrected: Jet Airways posts first-quarter loss; draws up strategy to cut costs
(Corrects percentage number to 6.4 from 5.2 and clarifies it relates to revenue from operations, in 4th paragraph)
US stocks at Wall Street continue to rally
Nasdaq closes at records for a second straight session
Hong Kong Market extends gains
On Monday, the United States and Mexico announced that a deal had been agreed upon after months of negotiations between the two countries over the future of the North American Free Trade Agreement. US President Donald Trump and outgoing Mexican President Enrique Pena Nieto hailed the new trade agreement, which raises hopes the North American Free Trade Agreement can be salvaged after Canada rejoins the talks on Tuesday. The new deal includes provisions on auto trade, tougher worker protections, which President Donald Trump has said would be called The United States-Mexico Trade Agreement, is expected to last 16 years and will be reviewed every six years pending its approval by Congress.
Australia Market extends gain on Wall Street's rally, US-Mexico deal
On Monday, the United States and Mexico announced that a deal had been agreed upon after months of negotiations between the two countries over the future of the North American Free Trade Agreement. US President Donald Trump and outgoing Mexican President Enrique Pena Nieto hailed the new trade agreement, which raises hopes the North American Free Trade Agreement can be salvaged after Canada rejoins the talks on Tuesday. The new deal includes provisions on auto trade, tougher worker protections, which President Donald Trump has said would be called The United States-Mexico Trade Agreement, is expected to last 16 years and will be reviewed every six years pending its approval by Congress.
Equity indices touch new highs; Sensex crosses 38,900-points-mark
Positive global cues pushed the key domestic equity indices to new intra-day high levels during the morning trade session on Tuesday.
Japan Nikkei rises to five-week high as trade worries ease
On Monday, the United States and Mexico announced that a deal had been agreed upon after months of negotiations between the two countries over the future of the North American Free Trade Agreement. US President Donald Trump and outgoing Mexican President Enrique Pena Nieto hailed the new trade agreement, which raises hopes the North American Free Trade Agreement can be salvaged after Canada rejoins the talks on Tuesday. The new deal includes provisions on auto trade, tougher worker protections, which President Donald Trump has said would be called The United States-Mexico Trade Agreement, is expected to last 16 years and will be reviewed every six years pending its approval by Congress, according to U.S. Trade Representative Robert Lighthizer.
Vipul spurts after new order win
Vipul jumped 9.77% to Rs 55.05 at 09:21 IST on BSE after the company received letter of award for the operations, maintenance, management and transfer of Wayside Amenities Facility along Agra-Lucknow Expressway.
Prasad asks Indian origin IT entrepreneurs in US to mentor start-ups from India
IT Minister Ravi Shankar Prasad today asked Indian-origin IT entrepreneurs based in Silicon Valley, US, to mentor start-ups from India and sought their collaboration in new-age areas like artificial intelligence and data analytics. During his visit to Silicon Valley in San Francisco (US), Prasad interacted with prominent achievers and entrepreneurs including Vinod Dham of (Pentium chip fame) and Professor Thomas Kailath of (Stanford University), an official release said. At his interaction with entrepreneurs, Prasad "urged them to provide mentorship to the growing Indian start-ups of India from their vast experiences", the statement said. "He also sought their active cooperation in the field of growing technologies such as artificial intelligence, data analytics and cyber security, and urged them to take India to a new level of growth by leveraging these technologies," it added. India is among the fastest-growing electronics and digital markets in the world and a preferred destination
Rupee rises 10 paise against US dollar
The rupee firmed up by 10 paise to 70.06 against the US dollar in early trade at the Interbank Forex market today on selling of the American currency by exporters and banks amid fresh foreign funds inflow. Besides, the dollar's weakness against other currencies overseas gave the rupee strength, dealers said. They said a record opening of the domestic equity markets, too kept the rupee firm. Yesterday, the rupee had retreated sharply to hit a record closing low of 70.16 against the dollar, plunging by 25 paise despite a huge rally in equities and easing worries over near-term monetary policy tightening by the US Fed. Meanwhile, the BSE Sensex climbed 181.75 points, or 0.46 per cent, to quote a fresh life-time high of 38,875.86 in opening trade. The NSE Nifty too scale a new peak of 11,751.20 by surging 59.25 points. Foreign institutional investors (FIIs) bought shares worth a net of Rs 252.52 crore, while domestic institution investors (DIIs) accumulated shares to the tune of Rs ...
Shares open higher on strong global cues
Key benchmark indices were trading higher in early trade, backed by strong global cues. At 9:20 IST, the barometer index, the S&P BSE Sensex, was up 178.64 points or 0.46% at 38,872.75. The Nifty 50 index was up 52.75 points or 0.45% at 11,744.70.
Role of the banking industry is going to be vital in strengthening the economy: FM
The Finance Minister said that the desire to have a high growth rate must be accompanied by strong macroeconomic fundamentals. He said that sacrificing the fundamentals for temporary spurt in growth is not desirable. The Minister said that growth with fiscal prudence is necessary.
Market may extend gains on strong global cues
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 31.50 points at the opening bell, backed by strong global cues.
Jet Airways (India) may drop after dismal Q1 result
Jet Airways (India) reported net loss of Rs 1323 crore in Q1 June 2018 as compared to net profit of Rs 53.50 crore in Q1 June 2017. Total income rose 1.9% to Rs 6066.91 crore in Q1 June 2018 over Q1 June 2017. The announcement was made after market hours yesterday, 27 August 2018.
Global Markets: Asian markets cheer U.S.-Mexico trade deal
SYDNEY (Reuters) - Asian shares advanced on Tuesday and the U.S. dollar hovered near one-month lows as a U.S.-Mexico deal to overhaul the North American Free Trade Agreement boosted risk appetite.
Oil prices edge up on supply disruption worries
SINGAPORE (Reuters) - Oil prices rose on Tuesday as risks of supply disruptions from places such as Venezuela, Africa and Iran triggered expectations of a tightening market.
South Korea proposes record budget lifeline for jobs, welfare in 2019
SEOUL (Reuters) - South Korea proposed on Tuesday the sharpest expansion in fiscal spending in a decade for 2019 as policymakers focus on creating jobs and boosting welfare in the face of a deteriorating job market.
Gold prices steady as dollar sags on U.S-Mexico trade deal
BENGALURU (Reuters) - Gold prices held steady on Tuesday after hitting a two-week high in the previous session, with the dollar under pressure in the wake of a trade deal between the United States and Mexico.
Oil rises on expectations of tightening market
SINGAPORE (Reuters) - Oil prices rose on Tuesday as risks of supply disruptions from places such as Venezuela, Africa and Iran triggered expectations of a tightening market.
Asian shares gain on U.S.-Mexico trade optimism
SYDNEY (Reuters) - Asian shares advanced again on Tuesday while major currencies held on to gains amid hopes global tariff tensions were abating as the United States and Mexico made a deal to overhaul the North American Free Trade Agreement.