Page 2723 - Business Finance
Volumes soar at SBI Life Insurance Company Ltd counter
SBI Life Insurance Company Ltd clocked volume of 3.27 lakh shares by 10:48 IST on BSE, a 52.51 times surge over two-week average daily volume of 6221 shares
China clamping down on transport sector after Didi passenger's murder
BEIJING (Reuters) - China pledged to tighten oversight of its transportation sector, days after a Didi Chuxing passenger was raped and murdered by her driver, sparking social media outrage and forcing the firm to suspend its carpool service.
Australia Market gains 0.3%
Shares of materials and resources inclined, as commodity prices including oil, iron ore, gold and copper rose approximately 1.5% thanks to a softer greenback. The market reacted to a speech from Fed chair Jerome Powell who suggested rates will only lift gradually as long as the US economy continues to improve. Top miners BHP and Rio Tinto each rose more than 1%. Newcrest Mining and Evolution Mining gained as much as 2.7% and 5%, respectively.
Mentha oil futures gain 1.74% on spot demand
Mentha oil prices climbed 1.74 per cent to Rs 1,751.70 per kg in futures market today as participants increased their bets amid pick-up in demand from both domestic and overseas front. Besides, tight stocks position on restricted supplies from major growing regions of Chandausi in Uttar Pradesh also supported the upside in mentha oil prices. At the Multi Commodity Exchange, mentha oil for delivery in September contract was higher by Rs 30, or 1.74 per cent, at Rs 1,751.70 per kg with a business volume of 175 lots. The oil for this month's contract was also up by Rs 28.50, or 1.69 per cent, to Rs 1,707.30 per kg with a trading volume of 106 lots. Marketmen said widening of positions by traders following pick up in demand from consuming industries in the physical market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.
Sundaram Finance vaults after good Q1 result
Sundaram Finance surged 6.42% to Rs 1,570.95 at 10:33 IST on BSE after net profit rose 25.93% to Rs 140.73 crore on 23.66% rise in total income to Rs 767.04 crore in Q1 June 2018 over Q1 June 2017.
Sensex, Nifty hit record highs
Key indices extended early gains and hit fresh intraday high in morning trade. At 10:17 IST, the barometer index, the S&P BSE Sensex, was up 350.24 points or 0.92% at 38,602.04. The Nifty 50 index was up 100 points or 0.87% at 11,657.10. Both Sensex and Nifty hit fresh all-time highs in morning trade. The gains were supported by favourable global cues.
Analysis: Jerome Powell sets U.S. Fed's course with data-based judgment
JACKSON HOLE, Wyo. (Reuters) - Federal Reserve Chair Jerome Powell has begun putting his stamp on the U.S. central bank as someone who will rely more on data-informed judgment and less on some of the models and theoretical values that have shaped the Fed's course in recent years but that Powell has said can be false guides.
Gold steady as short-covering, Fed chair's remarks lend support
BENGALURU (Reuters) - Gold prices held steady on Monday after seeing their best gain in over a year the session before, boosted by short-covering and as comments from the head of the U.S. Federal Reserve signalling a gradual approach to interest rate hikes weighed on the dollar.
Musk's U-turn on Tesla deal could intensify his legal, regulatory woes
WASHINGTON (Reuters) - Tesla Inc Chief Executive Elon Musk's decision to abruptly abandon a plan to take his electric carmaker private will not resolve his mounting regulatory and legal woes, and may even make them worse, some securities lawyers said.
Silver futures inch higher on firm global cues
Silver prices rose by Rs 60 to Rs 37,064 per kg in futures trade today as the metal gained in global markets amid geopolitical tensions. In futures trade at the Multi Commodity Exchange, silver for delivery in September gained Rs 60, or 0.16 per cent, to Rs 37,064 per kg in a business turnover of 114 lots. The metal for delivery in December too was trading higher by Rs 49, or 0.13 per cent, to Rs 37,872 per kg in 9 lots. Market analysts said participants built up positions amid a firm global trend as dollar's weakness raised demand for the precious metals as safe-haven asset. Meanwhile, silver surged 0.27 per cent to USD 14.81 an ounce in Singapore.
Battling for life, Noble Group bets on $3.5 billion debt restructuring
SINGAPORE (Reuters) - Noble Group Ltd faces a key shareholder meeting on Monday as the shrivelled commodity trader attempts to clinch a last-ditch $3.5 billion debt restructuring deal to stay afloat and put a three-year crisis behind it.
China says will fend off internet finance risks
BEIJING (Reuters) - China's state council committee said on Monday it would fend off financial risks in areas including online finance and listed firms' stock collateral loans.
Asian shares rise on Fed reassurance, China yuan strengthening
SHANGHAI (Reuters) - Asian shares rose on Monday, boosted by record Wall Street highs on Friday after reassuring comments from the Federal Reserve's chairman, and as stock markets in China gained after the country's central bank tweaked its management of the yuan.
Equity indices surge to fresh highs; Sensex crosses 38,500 points
The key Indian equity indices touched fresh record high levels on Monday morning tracking firm global cues.
Laurel Organics announces resignation of company secretary and compliance officer
With effect from 24 August 2018
RIL scales record high after stake hike in Genesis Colors
Reliance Industries rose 0.94% to Rs 1,290 at 09:31 IST on BSE after the company's subsidiary purchased an additional equity holding in Genesis Colors.
RIL in focus after stake hike in Genesis Colors
Reliance Brands, a subsidiary of the Reliance Industries (RIL), has purchased an additional 3.07% equity holding in Genesis Colors (GCL) for about Rs 8.32 crore, taking its total stake in GCL to 49.46%. The announcement was made after market hours on Friday, 24 August 2018.
Market opens higher on positive global cues
Key benchmark indices were trading higher in early trade, mirroring positive cues from global markets. At 9:21 IST, the barometer index, the S&P BSE Sensex, was up 288.32 points or 0.75% at 38,540.12. The Nifty 50 index was up 86.10 points or 0.74% at 11,643.20.
Rupee strengthens 20 paise against US dollar
The rupee appreciated by 20 paise to 69.71 against the US dollar in early trade today on increased selling of the US currency by exporters amid a higher opening of the domestic equity market. Currency traders said weakness in the dollar against major global currencies overseas after comments from the Federal Reserve Chairman in support of a gradual approach to raising rates, supported the rupee. On Friday, the rupee recovered to end higher by 20 paise at 69.91 against the US currency on bouts of dollar selling by exporters and corporates. Meanwhile, the benchmark BSE Sensex increased by 259.42 points, or 0.67 per cent, to trade at a new lifetime high of 38,511.22, while the NSE Nifty was up 76.20 points, or 0.66 per cent, at a new peak of 11,633.30 in opening trade.
Indiabulls Ventures appoints director
With effect from 25 August 2018