Page 2748 - Business Finance
Gold falls as U.S. tariff fears, rate hike views buoy dollar
BENGALURU (Reuters) - Gold prices fell on Thursday, after hitting a one-week high in the previous session, as fears of another round of U.S. tariffs on China and expectations of higher interest rates lifted the dollar.
Oil slips as trade spat escalates; but crude stock decline supports U.S. crude
SINGAPORE (Reuters) - Oil prices slipped on Thursday, weighed down by the escalating trade dispute between the United States and China, although a decline in U.S. commercial crude inventories offered some support.
Sanghvi Forging & Engineering Ltd leads gainers in 'B' group
Metkore Alloys & Industries Ltd, Prataap Snacks Ltd, Asian Granito India Ltd and DCW Ltd are among the other gainers in the BSE's 'B' group today, 23 August 2018.
Investors trim bearish bets on most Asian currencies as Sino-U.S. trade tensions ease: Reuters poll
(Reuters) - Investors have trimmed their short positions on Asian currencies over the last two weeks, a Reuters poll showed, as a weaker dollar, coupled with optimism over Sino-U.S. trade tensions and tightening monetary policy in the region improved risk appetite.
Global Markets: Asian shares fall on Trump woes, U.S.-China tariffs kick in
SYDNEY (Reuters) - Asian shares slipped on Thursday amid speculation U.S. President Donald Trump's political position could be threatened by the legal woes of two former advisers and as fresh U.S.-China tariffs took effect.
SEBI chief calls for caution in mutual funds' debt investments
MUMBAI (Reuters) - India's debt mutual fund managers need to be vigilant and appropriately value their investments in corporate papers, even as a bulk of the money comes from institutional investors, the chief of the country's market regulator said on Thursday.
Imarticus Learning raises USD 2 Mn from CBA Capital
Professional education platform Imarticus Learning has announced receiving funding worth USD 2 million from education-focused venture capital fund, CBA Capital.With a step forward in furthering its vision, Imarticus Learning will utilize the capital towards expanding its international operations while also strengthening its stronghold in cities like Mumbai, Delhi, Hyderabad, Bangalore, Chennai, and Pune, where it is currently present.The company will expand its presence across both domestic as well as international geographies, and will focus on its plans to establish its institutes in cities like Ahmedabad, Kolkata, and Indore."We are thrilled to partner with CBA Capital and successfully close this round of funding. The funding will not only boost the brand's status as a leading ed-tech company, but also help us take it to the next level of growth," said MD, Imarticus Learning, Nikhil Barshikar."We see great potential in Imarticus Learning's operational capabilities, its well-crafted
This Rakhi take short term loans to get your sister a gift of a lifetime!
Celebrating the bond between brothers and sisters, Raksha Bandhan is only around the corner. And while sisters are getting creative with their choice of bracelets, their darling brothers are thinking about that perfect gift to bring a smile on their sister's face as it is the special day of the year that strengthens their bond.But sometimes buying that unique exquisite gift can weigh a little heavy on their pockets. But worry not, nervous brothers out there, these fintech platforms provide short term loans that guarantee a quick turnaround time.So if gifting an IphoneX, that Swarovski chain, or that perfect vacation to Swiss Alps is on your mind, then make your way down this list to check out these fintech platforms:InCredInCred is a new-age financial services platform that has designed its products to be flexible and can tailor make them to best suit the requirements of its customers. The company has designed its products with a razor- sharp focus on serving the unique needs of the ..
Board of Larsen & Toubro approves share buyback up to Rs 9000 cr
At meeting held on 23 August 2018
Singapore's core inflation hits four-year high, keeps MAS tightening prospects alive
SINGAPORE (Reuters) - Singapore's core consumer prices rose at their fastest pace in nearly four years in July in year-on-year terms on higher electricity and gas costs, building the case for another monetary policy tightening this year.
ATS group sells 975 flats worth Rs 1000 cr in three months
Realty firm ATS group has sold 975 flats worth Rs 1,000 crore during the last three months on improved housing demand, a senior company official said today. The sales figure also includes that of Homekraft, its JV firm with HDFC Capital. Earlier, Gaurs group, another major developer in the National Capital Region (NCR), had reported sales if over 5,000 properties worth Rs 2,000 crore during the last four months. Realtors' body CREDAI and property consultant JLL India, in their joint report, said that housing sales in India's top seven cities have revived post demonetisation to rise by 25 per cent in the first six months of this year. However, Knight Frank India said sales growth was marginal at 3 per cent in the same period. ATS group launched a three-month campaign starting mid-May where it put on sale flats across 15 under-construction projects in Noida, Greater Noida, Gurugram, Mohali and Chandigarh. "There is an improvement in market sentiments leading to rise in housing demand. ..
Guar seed futures slide 2.13 pc on weak cues
Guar seed prices rolled down by 2.13 per cent to Rs 4,412 per quintal in futures trade today depressed by weak spot markets stance, traders preferred to cut down holdings. Marketmen attributed the immense downfall in guar seed futures prices to soaring stock on ceaseless supplies from growing regions, sparked by negligible demand for guar gum makers in the spot markets. At the National Commodity and Derivatives Exchange counter, guar seed delivery for October slipped by Rs 96 or 2.13 per cent to Rs 4,412 per quintal, showing the business turnover of 1,23,030 open interest lots. In a similar manner, the delivery of the November plummeted by Rs 89.50 or 1.97 per cent to Rs 4,450 per quintal, open interest stood of 7,900 lots.
Australia bans Huawei from 5G network over security concerns
Chinese-owned telecommunications giant Huawei has been blocked from rolling out Australia's 5G network due to security concerns. The government said today the involvement of a company "likely to be subject to extrajudicial directions from a foreign government" presented too much risk. Huawei has said it would never hand over Australian customer data to Chinese spy agencies, but the government's statement said no combination of security controls sufficiently mitigated the risk. Acting Home Affairs Minister Scott Morrison said the government was committed to protecting 5G networks. The decision also affects ZTE Corp, a Chinese maker of mobile devices. Australia barred Huawei, the world's largest telecommunications equipment supplier, from bidding for contracts in 2011 for the national broadband network. 5G networks will start commercial services in Australia next year.
L&T board approves Rs 9,000-cr buyback plan
Larsen & Toubro board today approved the proposal to buy back six crore shares amounting to Rs 9,000 crore to reward its shareholders. In a stock exchange filing, Larsen & Toubro (L&T) said its board has approved the proposal to buy back six crore shares at a maximum price of Rs 1,500 apiece. The buyback price is at over 13 per cent premium to Tuesday's closing price of Rs 1,322.15 per share. This is L&T's first-ever share buyback proposal. The buyback size is 4.29 per cent of paid-up equity capital of the company. This year, boards of many IT firms including TCS, HCL Technologies and Mphasis have approved proposals to buy back shares. Shares of L&T were trading 2 per cent higher at Rs 1,348.65 on BSE.
Welspun Corp Ltd leads gainers in 'A' group
Linde India Ltd, GlaxoSmithkline Consumer Healthcare Ltd, Kajaria Ceramics Ltd and Nestle India Ltd are among the other gainers in the BSE's 'A' group today, 23 August 2018.
Sensex, Nifty edge down as oil prices, trade war tensions weigh
(Reuters) - Indian shares fell marginally after briefly hitting fresh highs on Thursday as domestic investors exercised caution and refrained from making big bets amid escalating trade war tensions and as oil prices jumped 3 percent.
Exclusive: Aramco listing plan halted, oil giant disbands advisors - sources
LONDON/RIYADH (Reuters) - Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said on Wednesday.
Metal and mining stocks decline
Indices gyrated in a small range near the flat line in mid-morning trade. At 11:19 IST, the barometer index, the S&P BSE Sensex, was down 28.29 points or 0.07% at 38,257.46. The Nifty 50 index was down 14.75 points or 0.13% at 11,556.15. Metal and mining stocks fell as copper prices declined in global commodity markets.
Guar gum futures dip on muted exports
Guar gum prices dived by Rs 223 to Rs 9,550 per quintal in futures trade today on intense sell-off by the speculators at higher levels, dampened by muted physical markets lead amid tepid export demand. Marketmen mentioned, the sharp fall in guar gum futures prices to weak physical market sentiments along with thin export demand for oil drilling industries. At the National Commodity and Derivatives Exchange platform, guar gum delivery for the November tumbled by Rs 223 or 2.28 per cent to Rs 9,550 per quintal, with the business turnover of 3,315 open lots. Likewise, the delivery for October plunged by Rs 201 or 2.08 per cent to Rs 9,480 per quintal, clocking the business turnover in 63,460 open interest lots.
Lead futures rise 0.82% as demand picks up
Lead prices traded higher by 0.82 per cent to Rs 141.35 per kg in futures trade today as participants built up fresh positions, driven by upsurge in demand at the spot market. At the Multi Commodity Exchange, lead for delivery in August rose by Rs 1.15, or 0.82 per cent to Rs 141.35 per kg in business turnover of 2,169 lots. Likewise, the metal for delivery in September edged up by 70 paise, or 0.49 per cent to Rs 142.15 per kg in 30 lots. Analysts said fresh positions created by participants due to uptick in demand from battery-makers in the physical market led to the rise in lead prices in futures trade.