Page 2721 - Business Finance
Goldman Sachs appoints Prachi Mishra as chief India economist
Global investment bank Goldman Sachs today said it has appointed Prachi Mishra as the managing director and chief India economist. Prior to joining Goldman Sachs, Mishra was the deputy division chief of the Western Hemisphere Department at the International Monetary Fund (IMF). Before that, she headed the strategic research unit at the Reserve Bank of India from February 2016 to May 2017. She was also a specialist adviser at the RBI between November 2014 and February 2016. Mishra was the first lateral recruit at the RBI. Prior to that, she had worked as a senior economist at both the IMF and the ministry of finance. Mishra, a Delhi School of Economics alumnus, did her PhD and M.Phil in economics from Columbia University.
China's July industrial profit growth cools for third straight month
BEIJING (Reuters) - Profit growth for China's industrial firms slowed for a third straight month in July, in a further indication that demand in the world's second-biggest economy is cooling even as U.S. trade pressure mounts.
Lupin allots 17,829 equity shares
Under ESOP
L&T gains after new order win
Larsen & Toubro rose 0.87% to Rs 1,354.45 at 12:55 IST on BSE after Larsen & Toubro Construction won orders worth Rs 1394 crore.
Welspun Corp Ltd gains for five straight sessions
The stock is quoting at Rs 163.05, up 0.49% on the day as on 12:44 IST on the NSE. Welspun Corp Ltd is up 19.63% in last one year as compared to a 17.85% gain in NIFTY and a 3.47% gain in the Nifty Metal.
T.V. Today Network Ltd up for third consecutive session
The stock is quoting at Rs 452, up 1.29% on the day as on 12:49 IST on the NSE. T.V. Today Network Ltd is up 85.78% in last one year as compared to a 17.83% slide in NIFTY and a 2.85% slide in the Nifty Media index.
Infibeam Avenues Ltd gains for third consecutive session
The stock is quoting at Rs 225.95, up 1.6% on the day as on 12:49 IST on the NSE. Infibeam Avenues Ltd is up 55.6% in last one year as compared to a 17.83% spurt in NIFTY and a 45.63% spurt in the Nifty IT index.
Power Grid Corporation of India Ltd spurts 3.06%, rises for third straight session
The stock is quoting at Rs 196.8, up 3.06% on the day as on 12:49 IST on the NSE. Power Grid Corporation of India Ltd is down 9.35% in last one year as compared to a 17.83% gain in NIFTY and a 23.99% gain in the Nifty Energy index.
Punjab National Bank up for third straight session
The stock is quoting at Rs 86.7, up 1.05% on the day as on 12:49 IST on the NSE. Punjab National Bank is down 40.14% in last one year as compared to a 17.83% jump in NIFTY and a 16.03% jump in the Nifty Bank index.
Godrej Industries Ltd up for five straight sessions
The stock is quoting at Rs 632.5, up 0.39% on the day as on 12:44 IST on the NSE. Godrej Industries Ltd is up 3.05% in last one year as compared to a 17.85% gain in NIFTY and a 26.62% gain in the Nifty FMCG.
Oil & Natural Gas Corpn Ltd spurts 0.57%, up for five straight sessions
The stock is quoting at Rs 175.75, up 0.57% on the day as on 12:44 IST on the NSE. Oil & Natural Gas Corpn Ltd is up 9.43% in last one year as compared to a 17.85% gain in NIFTY and a 24.04% gain in the Nifty Energy.
TVS Motor Company Ltd soars 2.71%, rises for fifth straight session
The stock is quoting at Rs 564.45, up 2.71% on the day as on 12:44 IST on the NSE. TVS Motor Company Ltd is down 6.65% in last one year as compared to a 17.85% spurt in NIFTY and a 3.66% spurt in the Nifty Auto.
Sinopec reports best quarter in years after oil prices rebound
BEIJING (Reuters) - China Petroleum & Chemical Corp, the country's largest refiner, reported its best quarterly profit in years on strong upstream and refining business, and said it expects higher fuel sales in the second half.
Housing units worth Rs 4.64 lakh cr delayed in 7 top cities despite RERA implementation: ANAROCK
Nearly 5.76 lakh housing units worth Rs 4,64,300 crore are delayed in seven major cities of the country despite implementation of the new real estate law RERA that came into effect May last year, according to property consultant ANAROCK. Of these delayed housing units that were launched in or before 2013, the ANARCOK report said that Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR) account for 71 per cent in volume terms and 78 per cent in value terms. ANAROCK's numbers are higher than real estate data and analytics firm PropEquity's, which recently came out with its report mentioning that 4,65,555 units worth nearly Rs 3.33 lakh crore were behind delivery schedule. "Incessant project delays, dodgy activities of some developers and land litigation issues have plagued the Indian real estate sector over the last several decades, not helping its domestic and international image," ANAROCK Chairman Anuj Puri said. He said the government has, over the last few years, ..
Mobiistar hires Aniruddha Deb as Chief Marketing Officer
Smartphone brand Mobiistar has announced the appointment of Aniruddha Deb as the Chief Marketing Officer.To provide a strong impetus to the brand, Aniruddha will be responsible for making Mobiistar hold a place in such a dynamic smartphone market."We are pleased to welcome Aniruddha onboard. With our offline expansion and strong focus on tier II and tier III markets, we required an able and experienced person like him. Aniruddha always attempts to implement creative methods in garnering visibility for brands and we have full faith that our brand will deeply benefit from his insights," said co-founder and CEO, Mobiistar India and Global, Carl Ngo."Mobiistar aims to help its consumers 'Enjoy More' by providing a seamless user experience, we know Aniruddha shares the same belief and are certain that he will help us on our journey to becoming one of the top 5 smartphone brands in the affordable segment in the country by the end of the year," added Carl Ngo."I am very happy to be a part of
Escorts enters into JV with Japan's Tadano Group to manufacture higher capacity mobile cranes
The JV will leverage the cost effective frugal Indian engineering excellence of Escorts and world leading Japanese technology from Tadano to cater to an expanding market for heavier capacity and efficient Truck & RT Cranes and sophisticated truck mounted and rough terrain cranes in the 20 to 80 tonnage category. The 51:49 joint venture between Tadano and Escorts respectively will enable both partners to optimize their current and future capabilities in the segment globally. The JV will aim to take leading position in the high tonnage crane segment in medium to long term.
Cement shares in demand
Key benchmarks extended gains and hit fresh intraday high in early afternoon trade. At 12:19 IST, the barometer index, the S&P BSE Sensex, was up 414.06 points or 1.08% at 38,665.86. The Nifty 50 index was up 117.75 points or 1.02% at 11,674.85. Both Sensex and Nifty hit fresh all-time highs in early afternoon trade. The gains were supported by favourable global cues. Cement shares rose across the board.
Astutrix Technologies launches data science services platform Cogniticx
Astutrix Technologies Pvt. Ltd., a digital native data sciences services company, has announced the launch of India's first discovery platform for data sciences consulting, Cogniticx.Cogniticx, conceived as a data science talent marketplace, is aimed at a large scale, value added job creation for the phenomenal number crunching talent that India possesses. It enables an efficient matching of demand and required skills at optimal price points."The rising entrepreneurial aspirations of the youngest population on the planet puts Cogniticx in a sweet spot, as it could facilitate a new generation of entrepreneurs, "The DataPreneurs" who typically start as freelancers on the platform, but eventually may branch out as boutique data science firms, fostering innovation at the grass-root level," said co-founder and COO, Rishi Bagga.For clients who may need these services, Cogniticx aims to play a stellar role in bringing down the cost of adoption of data sciences as well as improve success ...
Tesla's German shares fall after CEO Musk drops plan to take company private
LONDON (Reuters) - Germany-listed shares in Tesla fell more than 3 percent in early deals on the Tradegate exchange on Monday, after Chief Executive Elon Musk called off his bid to take the company private.
Oil dips as trade row weighs, Iran sanctions expected to cut supply
SINGAPORE (Reuters) - Oil prices fell on Monday on concerns the U.S.-China trade dispute will erode global economic growth, although looming U.S. sanctions against Iran's oil sector kept crude from falling further, traders said.