Page 2746 - Business Finance
Russian ruble at lowest since 2016 on US sanctions fears
The Russian ruble has fallen to its lowest level against the dollar since April 2016 amid fears of new economic sanctions by the United States. In today morning trading in Moscow, the ruble had fallen by around 2 per cent to trade at nearly 69 to the dollar. The latest drop in the value of the Russian currency came amid talk that the U.S. was readying further sanctions. On Tuesday, the US slapped sanctions on two Russian shipping companies over alleged oil trading with North Korea. It could also impose much broader sanctions as a consequence of the poisoning of ex-spy Sergei Skripal in Britain in March. Russian President Vladimir Putin called sanctions against Russia "counterproductive and senseless" following talks Wednesday with his Finnish counterpart Sauli Niinisto.
Mahindra Lifespace launches 5th housing project in Chennai township
Mahindra Lifespace Developers today announced its fifth housing project at the 1,500-acre integrated green township 'Mahindra World City' here. The project 'Lakewoods' would have 747 apartments spread across 9.33 acres, Mahindra Lifespace said in a regulatory filing. "Tamil Nadu Real Estate Regulatory Authority (TN RERA) approval has been obtained for the first phase of the project, consisting of 249 units," it said, adding that the project would be developed in three phases over a period of six years. CEO Sangeeta Prasad said:"Mahindra World City(MWC) Chennai was envisioned as a sustainable model of urban development that would help both individuals and industries to thrive. It is heartening to see our vision evolving into reality and our fifth residential project Lakewoods marks an important milestone in the growth journey of MWC Chennai." MWC Chennai spans about 1,500 acres and offers multi-format residential projects located within 285 acres of residential, social and retail ...
Mahanagar Gas Ltd leads losers in 'A' group
Finolex Cables Ltd, Graphite India Ltd, ICICI Lombard General Insurance Company Ltd and PC Jeweller Ltd are among the other losers in the BSE's 'A' group today, 23 August 2018.
Exclusive: Aramco IPO halted, oil giant disbands advisers - sources
LONDON/RIYADH (Reuters) - Saudi Arabia has called off plans for the domestic and international listing of state oil giant Aramco, billed as the biggest stock flotation in history, four senior industry sources said on Wednesday.
Equity indices touch fresh highs; capital goods stocks rise
The key Indian equity indices - S&P BSE Sensex and the NSE Nifty50 - traded on a positive note during the late afternoon session on Thursday.
Jaitley resumes charge as Finance and Corporate Affairs Minister
Arun Jaitley, who underwent a kidney transplant surgery in May, resumed his duties as Finance and Corporate Affairs Minister on Thursday after a gap of more than three months.
Sugar drops on soaring stock, weak demand
Sugar prices declined by Rs 50 per quintal at the wholesale market in the national capital today following bumper stocks and limited offtake. Marketmen said soaring stocks on bumper output amid thin demand from stockist and bulk consumers, mainly led to fall in sweetener prices. Sugar ready M-30 and S-30 prices tumbled by Rs 50 each to end the day at Rs 3,380-3,490 and Rs 3,370-3,480 per quintal. Mill delivery M-30 and S-30 prices also slipped by Rs 45 each to finish the day at Rs 3,150-3,285 and Rs 3,140-3,275 per quintal. In mill gate section, sugar Dorala dropped by Rs 50 to Rs 3,290, while Kinnoni, Asmoli, Budhana and Thanabhavan slide by Rs 45 each to Rs 3,285, Rs 3,260, Rs 3,180 and Rs 3,170 per quintal. Prices of Mawana and Sakoti slipped by Rs 40 each to Rs 3,200 and Rs 3,160 while Modinagar lost Rs 35 at Rs 3,185 and Dhampur eased by Rs 30 to Rs 3,150 per quintal. Following are today's quotations (in Rs per quintal) Sugar retail markets - Rs 35-40 per kg. Sugar ready: M-30 .
Khaitan (India) Ltd leads losers in 'B' group
5Paisa Capital Ltd, Cerebra Integrated Technologies Ltd, Ind Bank Housing Ltd and Salona Cotspin Ltd are among the other losers in the BSE's 'B' group today, 23 August 2018.
Volumes soar at Mahanagar Gas Ltd counter
Mahanagar Gas Ltd clocked volume of 274.31 lakh shares by 14:14 IST on NSE, a 89.59 times surge over two-week average daily volume of 3.06 lakh shares
Market extends gains
Key benchmark indices extended gains in mid-afternoon trade led by index heavyweights Reliance Industries and Larsen & Toubro. At 14:21 IST, the barometer index, the S&P BSE Sensex, was up 62.81 points or 0.16% at 38,348.56. The Nifty 50 index was up 15.15 points or 0.13% at 11,586.05.
Corporate Courier & Cargo gets NCLT approval for comprehensive scheme of arrangement
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U.S.-China tariffs, Trump woes weigh on world stocks
LONDON (Reuters) - World stocks came under pressure on Thursday as new tariffs took effect in the U.S./China trade war and markets speculated about U.S. President Donald Trump's position following legal rulings against two former advisers.
Super Crop Safe enters into distribution agreement with United India Agro Cooperative Society
For sale of products in Uttar Pradesh
RIL's market cap breaches Rs 8 lakh-cr mark
Reliance Industries (RIL) today became the first Indian company to cross Rs 8 lakh crore market capitalisation. RIL shares rose 1.72 per cent to hit a record high of Rs 1,268 per scrip in the afternoon trade on BSE. Following the gain in the counter, the company's market valuation soared to Rs 8,04,247.76 crore in the afternoon trade. On July 13, the market valuation of RIL surged past Rs 7 lakh crore mark, making it the second company after TCS to achieve this milestone. RIL was among the top gainers of the S&P BSE Sensex, which traded at 38,356.55, up 70.80 points or 0.18 per cent.
Gold falls as new trade tariffs, rate-hike views buoy dollar
BENGALURU (Reuters) - Gold prices fell on Thursday from one-week highs hit in the previous session, as intensifying U.S.-China trade war with another round of tariffs and expectations of higher interest rates lifted the dollar.
U.S.-China trade war escalates as new tariffs kick in
BEIJING/WASHINGTON (Reuters) - The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other's goods, even as mid-level officials from both sides resumed talks in Washington.
Toshiba Carrier sets up new JV for commercial ACs
Toshiba Carrier Corporation today announced a new joint venture with United Technologies South Asia Pacific PTE for commercial air-conditioning products. Toshiba Carrier Corporation (TCC) will hold 51 per cent stake and United Technologies South Asia Pacific PTE will hold the balance 49 per cent in the joint venture (JV) firm Toshiba Carrier Air-Conditioning India. "The new joint venture... allows Toshiba Carrier to localise planning, development, manufacturing and sales of its commercial air-conditioning products, expanding its footprint in the country," TCC said in a statement. The company said new joint venture has been created to support strong demand for variable refrigerant flow (VRF) solutions. VRF is a form of commercial air-conditioning for applications such as office buildings and condominiums. Toshiba Carrier Air-Conditioning India will benefit from the manufacturing operations of Carrier Airconditioning & Refrigeration, the Carrier entity in India, the company said in .
Euro zone growth remains lethargic as factories shut for summer - PMI
LONDON (Reuters) - Euro zone businesses growth picked up a touch this month, although not as much as predicted, with the prospects of a growing trade war weighing on the outlook, a survey showed on Thursday.
Kapas futures slip 1.21 pc on subdued demand
Kapas prices moved down by 1.21 per cent to Rs 1,140 per 20 kilos in the futures trade today on liquidating of holdings amid thin demand in the spot markets. Marketmen said bumper ready stocks on non-stop arrivals along with easing of demand from fiber and textile industries in the spot markets mainly dragged down the prices of kapas in futures trade. At the National Commodity and Derivatives Exchange, kapas for April dipped by Rs 14, or 1.21 per cent, to Rs 1,140 per 20 kilos, with the business turnover of 3,844 open lots.
L&T rises after buyback plan
Larsen & Toubro rose 2.79% to Rs 1,359 at 13:43 IST on BSE after the company said it will buyback 6 crore shares at a maximum price of Rs 1,500 each.