Page 2736 - Business Finance
Concept of co-working spaces catching on in India (Business Feature)
For India's commercial real estate, which is reviving after around four years of downturn, the concept of co-working spaces, popular across many countries, is attracting businesses and is growing in demand.
Lead futures rise 0.90% on positive spot cues
Amid pick up in demand at the domestic spot market, lead prices traded higher by 0.90 per cent to Rs 145.45 per kg in futures market today as speculators raised bets. At the Multi Commodity Exchange, lead for delivery in August advanced by Rs 1.30, or 0.90 per cent, to Rs 145.45 per kg in business turnover of 423 lots. Similarly, the metal for delivery in September contracts traded higher by Rs 1.30, or 0.89 per cent, to Rs 146.60 per kg in 19 lots. Analysts said widening of positions by traders due to rise in demand from battery markers in the physical market attributed to the rise in lead prices in futures trade.
German economy delivers 'full strike' in second quarter
BERLIN (Reuters) - All sectors of the German economy grew in the second quarter, detailed data showed on Friday, suggesting it will be able to weather headwinds from trade frictions.
Tata Sons cannot force Cyrus Mistry to sell his shares: NCLAT
In a partial relief to Cyrus Mistry, the National Company Law Appellate Tribunal (NCLAT) on Friday stated that Tata Sons cannot force him to sell his shares.
Robust demand, Asian cues lifts zinc futures by 1.21%
Zinc prices went up by 1.21 per cent to Rs 176.35 per kg in the futures market today as participants built up fresh positions, taking positive cues from spot market on rise in demand amid higher Asian cues. At the Multi Commodity Exchange, zinc for delivery in August rose by Rs 2.10, or 1.21 per cent, to Rs 176.35 per kg in a business turnover of 2,009 lots. Similarly, the metal for delivery in September contracts gained Rs 2, or 1.15 per cent, to Rs 176.50 per kg in 148 lots. Traders said fresh positions created by participants, tracking a firm trend at the spot markets following pick up in demand from consuming industries and firm trend in Asian markets led to a rise in zinc prices in futures trade. Meanwhile, in Asian trade, Shanghai zinc climbed 2.6 per cent to a one-week high of 21,190 yuan a tonne as is up 6.3 per cent this week, which would be its biggest weekly jump since the week ended August 18, 2017. It lost 7.5 per cent last week.
Aluminium futures gain 0.24% on higher demand
Aluminium prices went up by 0.24 per cent to Rs 145.65 per kg in futures trade today as speculators built up fresh positions following pick up in demand at the spot market. At the Multi Commodity Exchange, aluminium for delivery in September edged up by 35 paise, or 0.24 per cent, to Rs 145.65 per kg in business turnover of 16 lots. Likewise, the metal for delivery in August contracts was trading higher by 25 paise, or 0.17 per cent, to Rs 144.80 per kg in 143 lots. Analysts said fresh positions created by participants after uptick in demand from industries in the physical market influenced aluminium prices in futures trade.
Indices hit intraday low
Fresh selling in index pivotals pulled the key benchmark indices to fresh intraday low in early afternoon trade. At 12:23 IST, the barometer index, the S&P BSE Sensex, was down 92.37 points or 0.24% at 38,244.39. The Nifty 50 index was down 26.25 points or 0.23% at 11,556.50. Most FMCG stocks declined.
Nectar Lifescience Ltd leads gainers in 'B' group
Amrutanjan Health Care Ltd, Delta Magnets Ltd, Vivimed Labs Ltd and Metkore Alloys & Industries Ltd are among the other gainers in the BSE's 'B' group today, 24 August 2018.
Oil prices rise as U.S. sanctions on Iran cloud supply outlook
SINGAPORE (Reuters) - Oil prices rose on Friday as U.S. sanctions on Iran are expected to cut significant volumes of crude from the market.
SREI Infrastructure Finance Ltd leads gainers in 'A' group
Pfizer Ltd, Apollo Hospitals Enterprise Ltd, Bombay Burmah Trading Corporation Ltd and Time Technoplast Ltd are among the other gainers in the BSE's 'A' group today, 24 August 2018.
Sensex treads lower; set to end week higher
(Reuters) - Indian shares edged down on Friday, taking a pause after hitting record highs eight times this month, dragged by financials and consumer stocks amid caution in global markets.
Negative market breadth
Key benchmark indices hovered in negative zone in mid-morning trade. At 11:23 IST, the barometer index, the S&P BSE Sensex, was down 48.13 points or 0.13% at 38,288.63. The Nifty 50 index was down 12.20 points or 0.11% at 11,565.45. Metal and mining stocks saw mixed trend.
Ruchi Soya up 5 pc as lenders approve Adani Wilmar's Rs 6,000-cr bid
Shares of Ruchi Soya today hit its five per upper circuit limit on the bourses after lenders of the company approved the Rs 6,000 crore bid of Adani Wilmar to acquire the debt-ridden edible oil firm. Adani Wilmar's bid was approved by the committee of creditors (CoC) with about 96 per cent votes in its favour. The resolution professional will now seek approval from the National Company Law Tribunal (NCLT). Following this development, shares of the company opened on a bullish note and hit its upper circuit limit at Rs 9.42, up 5 per cent over its previous closing price. Similar movement was seen on NSE as well, where the stock opened at Rs 9.45 and hit its upper circuit limit, up 5 per cent over its last close. Adani Wilmar and Baba Ramdev's Patanjali group have been engaged in a long-drawn battle to take over Ruchi Soya. Adani group firm Adani Wilmar, which sells cooking oil under Fortune brand, and Baba Ramdev-led Patanjali were in the fray to acquire Ruchi Soya. While Adani Wilmar ..
CNH Industrial Capital launches retail financial services in India
CNHI / MICNH Industrial Capital is a global financial services player in the Agricultural and Construction Equipment and Commercial Vehicles finance businesses and supports the CNH Industrial brands' customers and dealers with customized solutions by offering a full range of retail financing, leases, rental programs and insurance products.CNH Industrial Capital (India) Private Limited will dedicate its field-based financial specialists called "Capital Mitras" to New Holland Agriculture and CASE dealerships across the country to interact with customers to understand their financing needs and offer customized financial solutions to meet their requirements making use of a digital platform for a faster turnaround time, transparency and real-time tracking.Commenting on the launch of CNH Industrial Capital (India) Private Limited's retail finance services in India, Raunak Varma, Country Manager, CNH Industrial India, said, "Our new retail finance arm will enhance CNH Industrial's value ...
US-China trade talks end with no breakthrough
US and Chinese negotiators ended two days of meetings without breaking a deadlock over trade that has unnerved financial markets and disrupted global commerce. The delegations "exchanged views on how to achieve fairness, balance and reciprocity in the economic relationship," Lindsay Walters, a White House spokeswoman, said in a statement. She did not mention further talks. A Chinese Commerce Ministry statement said the talks were "constructive and frank" but gave no details. It said the two sides would "maintain contact." The dispute over China's high-tech industrial policy escalated yesterday as the Trump administration and Beijing imposed taxes on an additional USD 16 billion of each other's goods. The administration last month had slapped tariffs on an initial USD 34 billion in Chinese products, and Beijing responded in kind. The Trump team is preparing tariffs on USD 200 billion more of Chinese products, and China has vowed to counterpunch by targeting USD 60 billion in American ..
Prataap Snacks corrects on profit booking
Prataap Snacks fell 5.52% to Rs 1214.50 at 11:04 IST on BSE on profit booking after the stock surged about 20% in the previous session.
Nickel futures up 0.69% on pickup in demand
Nickel prices hardened by 0.69 per cent to Rs 932 per kg in futures market today as traders raised bets, driven by pick up in demand from consuming industries in the spot market. At the Multi Commodity Exchange (MCX), nickel for delivery in August went up by Rs 6.40, or 0.69 per cent, to Rs 932 per kg in a business turnover of 1,216 lots. Similarly, the metal for delivery in September contracts was trading higher by Rs 6.10, or 0.66 per cent, to Rs 937 per kg in 60 lots. Analysts said expansion of positions by participants due to upsurge in demand from alloy-makers at the domestic spot market led to rise in nickel prices in futures trade.
Oil prices rise on Iran sanctions; trade row mutes activity
SINGAPORE (Reuters) - Oil prices rose on Friday as U.S. sanctions on Iran are expected to cut significant volumes of crude from the market, but trading was muted by concerns over the trade dispute between Washington and Beijing.
Refined soya oil futures down 0.22% on low demand
Amid easing demand at the domestic spot market against adequate stocks position, refined soya oil prices slipped by 0.22 per cent to Rs 730.50 per 10 kg in futures trade today as speculators cut bets. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October month fell by Rs 1.60, or 0.22 per cent, to Rs 730.50 per 10 kg with an open interest of 10,890 lots. Likewise, the oil for delivery in September contracts shed Re 1, or 0.14 per cent, to Rs 733.40 per 10 kg in 44,650 lots. Traders said offloading of positions by participants as demand faded in the physical market against ample stocks position on increased supplies from producing regions, mainly weighed on refined soya oil prices in futures trade.
Silver futures slip 0.06% on weak global cues
Taking weak cues from overseas markets, silver prices dropped 0.06 per cent to Rs 37,407 per kg in futures trade today, as participants cut bets. Also, profit-booking at prevailing levels by speculators weighed on prices. At the Multi Commodity Exchange, silver for delivery in December was trading lower by Rs 24, or 0.06 per cent, at Rs 37,407 per kg, in a business turnover of 31 lots. Similarly, the white metal for delivery in September was down Rs 13, or 0.06 per cent, to Rs 36,595 per kg in 360 lots. Traders said offloading of positions by participants due to a weak global trend led to the fall in silver prices in futures trade. Globally, silver shed 1.87 per cent to USD 14.46 an ounce in New York yesterday.