Page 2935 - Business Finance
Indices hover in range
Key indices continued trading in a range with small losses in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, was down 78.66 points or 0.21% at 37,945.71. The Nifty 50 index was down 26.20 points or 0.23% at 11,444.50.
Bahrain's SNIC Insurance selects TCS BaNCS
To support its ambitious digital transformation strategy
Sugar prices drop on ample stocks, weak demand
Sugar prices softened by up to Rs 20 per quintal at the wholesale market in the national capital today following ample stocks amid limited offtake. Marketmen said, soaring stocks on constant supplies from mills amid selective demand from stockists and bulk consumers such as soft-drink and ice-cream makers, led to the fall in sweetener's prices. Mill delivery M-30 and S-30 prices dipped by Rs 20 each to Rs 3,200-3,360 and Rs 3,190-3,350 per quintal, respectively. Sugar ready M-30 and S-30 prices dropped by Rs 10 each to finish at Rs 3,490-3,590 and Rs 3,480-3,580 per quintal, respectively. In mill gate section, sugar Kinnoni, Asmoli and Dhampur lost Rs 20 each to Rs 3,360, Rs 3,330 and Rs 3,200, while Mawana, Budhana and Thanabhavan fell by Rs 15 each to Rs 3,285, Rs 3,265 and Rs 3,355 per quintal, respectively. Following are today's quotations (in Rs per quintal) Sugar retail markets - Rs 36-41 per kg. Sugar ready: M-30 Rs 3,490-3,590, S-30 Rs 3,480-3,580. Mill delivery: M-30 Rs ...
Paul Writer announces 6th Annual Futurist Business Conclave
Paul Writer on Friday announced the agenda for the 6th Annual Futurist Business Conclave taking place on August 24 at The Leela Ambience, Gurugram.Co-hosted with Adobe in partnership with LinkedIn and SAP, the 6th Annual Futurist Business Conclave aims to drive discussions around how artificial intelligence (AI) is transforming business. From panel discussions on AI and data disrupting business to customer experience in the digital age, the Futurist Business Conclave is designed to bring together senior professionals from marketing, sales, customer experience backgrounds for a day of networking and learning.As an added value by-invitation only Masterclasses hosted by SAP and Adobe provide one-on-one specialised learning and interaction opportunities to a select group of CXOs. Cvent is an associate partner for the Conclave.The esteemed speakers for this year's event include:-Ayan Bandyopadhyay, Chief Design Evangelist and Mentor of Change, Atal Innovation Mission-Deepak Tuli, CBO New ..
Bajaj Finance Ltd gains for five straight sessions
The stock is quoting at Rs 2835, up 0.17% on the day as on 12:44 IST on the NSE. Bajaj Finance Ltd is up 67.22% in last one year as compared to a 17.82% gain in NIFTY and a 19.76% gain in the Nifty Financial Services.
Shree Cement secures coal linkage for its Raipur plant
The above coal linkage is for the company's plant at Raipur, Chhattisgarh.
President inaugurates 'One District One Product' Summit in UP
President Ram Nath Kovind today inaugurated 'One District One Product' Summit organised by the Uttar Pradesh government to promote traditional industries in every district of the state. The President reached the state capital this morning at Chowdhury Charan Singh airport, where he was received by Governor Ram Naik and Chief Minister Yogi Adityanath. During the summit, with a tagline of 'Nayi Udaan, Nayi Pehchan', the President distributed loan sanction papers to some artisans. Loan papers amounting to Rs 1,006.94 crore are to be distributed to 4,085 artisans from 75 districts in the summit. The summit, which aims to give boost to micro, small and medium enterprises (MSME), will be a corollary of the UP Investors Summit held in the state capital in February this year, followed by the groundbreaking ceremony for the launch of 81 projects in July. The ODOP scheme seeks to promote traditional industries synonymous with their respective districts to spur local economy and create jobs, ...
Gold dips on rallying dollar; eyes fifth weekly fall
BENGALURU (Reuters) - Gold prices dipped in Asia on Friday, languishing near a one- year low, weighed down by a rally in the U.S. dollar amid heightened global political tensions.
Oil dips on trade dispute, Iran sanctions tighten outlook
LONDON (Reuters) - Oil prices fell on Friday on worries that global trade disputes will slow economic growth and demand for fuel, but losses were limited by U.S. sanctions against Iran which look set to tighten supply.
Kapas futures up on spot demand
Kapas prices were trading higher by 0.50 per cent to Rs 1,201.50 per 20 kilos in futures trade today as speculators elaborated holdings in tandem with higher physical markets sentiments. Marketmen said, traders widened their bets in tune with positive clues from the spot markets, which strengthened Kapas futures price. At the National Commodity and Derivatives Exchange, kapas delivery for April rose by Rs 6, or 0.50 per cent, to Rs 1,201.50 per 20 kg, with a business turnover of 2,717 open lots.
Max Financial Services Ltd up for third straight session
The stock is quoting at Rs 506.45, up 1.17% on the day as on 12:49 IST on the NSE. Max Financial Services Ltd is down 17.08% in last one year as compared to a 17.85% spurt in NIFTY and a 19.76% spurt in the Nifty Financial Services index.
IIFL Holdings Ltd soars 2.11%, rises for third straight session
The stock is quoting at Rs 737.5, up 2.11% on the day as on 12:49 IST on the NSE. IIFL Holdings Ltd is up 33.29% in last one year as compared to a 17.85% gain in NIFTY and a 19.76% gain in the Nifty Financial Services index.
Mahindra & Mahindra Ltd rises for third straight session
The stock is quoting at Rs 948, up 1.59% on the day as on 12:49 IST on the NSE. Mahindra & Mahindra Ltd is up 40.65% in last one year as compared to a 17.85% jump in NIFTY and a 3.85% jump in the Nifty Auto index.
Sensex eases from record highs; financials drag
(Reuters) - Indian shares fell on Friday, after touching record highs for four straight sessions, dragged down by financial stocks such as State Bank of India and ICICI Bank Ltd.
Cement stocks decline
Stocks staged a mild recovery in early afternoon trade after hitting intraday low in mid-morning trade. At 12:26 IST, the barometer index, the S&P BSE Sensex, was down 98.73 points or 0.26% at 37,925.64. The Nifty 50 index was down 32.40 points or 0.28% at 11,438.30. Cement stocks declined.
RBI likely intervenes to stem rupee fall - dealers
MUMBAI (Reuters) - The Reserve Bank of India (RBI) likely intervened in the foreign exchange market to support the rupee on Friday, after most emerging market currencies fell sharply on heightened global tensions, dealers said.
Mustard seed futures move up on spot cues
Mustard seed prices traded higher by Rs 23 to Rs 4,082 per quintal in futures trade today as investors created fresh bets, propped by positive physical market cues. Marketmen said participants increased bets in line with rising prices in the spot markets due to fall in arrivals and gearing up in demand for oil mills, attributing to the upmove in mustard seed futures prices. At the National Commodity and Derivatives Exchange, mustard seed delivery for August contract went up by Rs 23, or 0.57 per cent, to Rs 4,082 per quintal with an open interest of 34,480 lots. The delivery of September contract also rose by Rs 18, or 0.44 per cent, to Rs 4,122 per quintal, clocking an open interest of 1,21,820 lots.
Oil dips on trade dispute, but Iran sanctions tighten outlook
SINGAPORE (Reuters) - Oil prices dipped on Friday on worries that an escalating trade dispute between Washington and Beijing will stall economic growth and demand for fuel, even as renewed U.S. sanctions against Iran are expected to tighten supplies.
Guar seed futures surge 2.07%
Guar seed prices soared by 2.07 per cent to Rs 4,488 per quintal in futures trade today as investors increased their holdings amid strong physical market leads. Marketmen said tracking firm physical market stance, traders opted to raise their bets, which enthused the guar seed futures prices. In the spot market, sturdy demand for guar gum makers, amid thin ready stocks, pushed up the prices. At the National Commodity and Derivatives Exchange, guar seed delivery for the October contract jumped up by Rs 91, or 2.07 per cent, to Rs 4,488 per quintal with an open interest of 1,11,790 lots. Likewise, the delivery of November contract surged by Rs 80, or 1.80 per cent, to Rs 4,524 per quintal as open interest stood at 6,640 lots.
TCI Developers Ltd leads gainers in 'B' group
Eastern Silk Industries Ltd, Esab India Ltd, NRB Industrial Bearings Ltd and 63 Moons Technologies Ltd are among the other gainers in the BSE's 'B' group today, 10 August 2018.