Page 3047 - Business Finance
National Aluminium Company Ltd spurts 4.11%, rises for third straight session
The stock is quoting at Rs 64.6, up 4.11% on the day as on 12:49 IST on the NSE. National Aluminium Company Ltd is down 2.86% in last one year as compared to a 12.77% gain in NIFTY and a 3.5% gain in the Nifty Metal index.
Max Financial Services Ltd soars 2.15%, Gains for third straight session
The stock is quoting at Rs 516.95, up 2.15% on the day as on 12:49 IST on the NSE. Max Financial Services Ltd is down 15.76% in last one year as compared to a 12.77% gain in NIFTY and a 14.08% gain in the Nifty Financial Services index.
IndusInd Bank Ltd gains for third consecutive session
The stock is quoting at Rs 2026.55, up 1.26% on the day as on 12:49 IST on the NSE. IndusInd Bank Ltd is up 23.18% in last one year as compared to a 12.77% spurt in NIFTY and a 11.13% spurt in the Nifty Bank index.
Guar gum futures climb on robust export demand
Guar gum prices were bolstered by Rs 118 to Rs 9,806 per quintal in futures trade today on immense purchases made by the investors backed by upbeat physical trend amid strong export demand. Marketmen said speculators were enhancing their holdings tracking higher physical markets sentiments and rising export demand for oil drilling industries, which led to upsurge in guar gum futures prices. At the National Commodity and Derivatives Exchange platform, guar gum delivery for October spurted by Rs 118 or 1.22 per cent to Rs 9,806 per quintal, with the open interest of 62,535 lots. Also, the delivery of the November contract marked ahead by Rs 38 or 0.39 per cent to Rs 9,896 per quintal, in an open interest of 2,515 lots.
Preparing strategy to promote footwear industry: Prabhu
Commerce and Industry Ministry is working with the footwear and allied sector industries to formulate a comprehensive strategy to promote exports and manufacturing in this labour intensive segment, Union Minister Suresh Prabhu said today. He said the sector holds huge potential to create jobs and boost the country's overall exports. "We are working with the industry to prepare a strategic vision for the footwear and allied sector industries. Suggestions made by the industry would get all the support from my ministry," he said here. The strategy could include recommendations on issues such as availability of raw material, skilled manpower, financing and environmental issues, and ways to link the sector to global value chains. The commerce and industry minister was speaking at the inauguration of Indian International Footwear fair. Prabhu asked the industry players to make India a global manufacturing hub for the footwear sector. "Set up clusters in 4-5 states. We will engage with ...
Crude palm oil futures slide on low demand
Crude palm oil prices went down by 0.30 per cent to Rs 595.50 per 10 kg in futures market today as speculators cut down positions in line with weak Malaysian palm oil prices and on muted spot demand. Besides, higher inventories dragged CPO prices in futures trade. At the Multi Commodity Exchange, crude palm oil for delivery in the current month was trading down by Rs 1.80, or 0.30 per cent lower at Rs 595.50 per 10 kg in a business turnover of 334 lots. Likewise, oil for delivery in September shed 0.80 paise, or 0.13 per cent, to Rs 519 per 10 kg in 177 lots. Analysts said offloading of positions by participants owing to slackened demand in the physical market against adequate stocks position kept crude palm oil prices lower in futures trade.
DIPP starts programme for startups in energy sector
The commerce and industry ministry today said Invest India has joined hands with energy companies to offer its three-month programme for startups in the sector. Initiatives to promote budding entrepreneurs are carried out by the department of industrial policy and promotion (DIPP), which is part of the ministry. Invest India is a national investment facilitation agency, funded by the DIPP. "The programme - Integrate to Innovate - provides an opportunity for collaboration and conversation around valuable energy transitions, offering startups an opportunity to bring their ideas to life with the guidance and support from corporates," the ministry said in a statement. The selected startups will receive a cash prize grant of up to Rs 5 lakh along with an opportunity to pilot their product with corporates. "The corporates would offer them access to technology, technical and commercial mentorship and access to potential customers through the corporate network of partners," it added. It said .
Godrej Properties Q1 net falls 65.41% to Rs 34.3 crore
Realty firm Godrej Properties today reported a 65.41 per cent decline in consolidated net profit to Rs 34.3 crore for the quarter ended June 30, 2018. Its net profit stood at Rs 99.17 crore in the year-ago period. Total income, however, rose 18.96 per cent to Rs 1,066.73 crore in the first quarter of this fiscal from Rs 896.71 crore in the corresponding period of the previous year, Godrej Properties said in a regulatory filing. Shares of the Mumbai-based company were trading 2.85 per cent lower at Rs 721.95 on BSE.
Sun Pharmaceuticals Industries Ltd spurts 1.78%, rises for fifth straight session
The stock is quoting at Rs 584.9, up 1.78% on the day as on 12:44 IST on the NSE. Sun Pharmaceuticals Industries Ltd is up 13.39% in last one year as compared to a 12.78% jump in NIFTY and a 1.8% jump in the Nifty Pharma.
MOIL Ltd soars 0.16%, gains for fifth straight session
The stock is quoting at Rs 182.6, up 0.16% on the day as on 12:44 IST on the NSE. MOIL Ltd is up 9.6% in last one year as compared to a 12.78% jump in NIFTY and a 3.6% jump in the Nifty Metal.
Insight: Run your dishwasher when the sun shines - dynamic power pricing grows
PARIS (Reuters) - One day, the weather could drive your domestic schedule. Your dishwasher springs to life at the windiest time of day. The washing machine starts spinning when the sun beats down.
Signet Industries fixes record date for consolidation of share capital
Record date is 13 August 2018
To become $1-trillion US firm, Apple needs its stock to hit $207
Set to become America's first $1-trillion company, Apple's shares surged 5.9 per cent in the wake of a strong 2018 fiscal third quarter earnings report, pushing the tech giant's market capitalization to $973.2 billion (at the closing price of $201.50).
Europe revival lifts sales at fashion house Hugo Boss
FRANKFURT/PARIS (Reuters) - A pick-up in European sales proved the bright spot for Hugo Boss in the second quarter, as the German fashion house pursues a turnaround in its home market and updates some of its ranges to try to draw in younger shoppers.
Gold prices edge higher as dollar eases against yen
BENGALURU (Reuters) - Gold prices rose on Thursday, recovering from the previous session's fall, supported by a weaker dollar versus the Japanese yen in Asian trade.
Chana futures gain 1% on rising demand
Chana prices rose by 1 per cent to Rs 4,238 per quintal in futures trade today as participants created fresh positions, driven by rising demand from dal mills at the spot markets. Besides, tight stocks positions following a drop in arrivals from producing regions also contributed to the rise in chana prices. At the National Commodity and Derivatives Exchange, chana for delivery this month was trading higher by Rs 42, or 1 per cent, to Rs 4,238 per quintal with an open interest of 44,280 lots. Likewise, the commodity for delivery in September gained Rs 42, or 0.99 per cent, to Rs 4,268 per quintal in 70,580 lots. Analysts attributed the rise in chana prices to surging demand in the spot markets against restricted supplies from the producing regions.
After surpassing Apple, Huawei hails R&D innovation
Hailing the results of the industry predictions, a top official from Huawei has said that continued investment in R&D innovation has enabled the company to provide competitive products and localised solutions to subsequently dethrone Apple in its smartphone sales."Huawei has gone from strength to strength to create new benchmarks of innovation, offering an unparalleled experience to our consumers. We centered our efforts on product innovation, mobile services, channel transformation, and customer service to continually enhance user experience and reinforce our foundations as a premium global brand. This milestone should also be attributed to our high focus on Research & Development; our continued investment in R&D innovation has enabled us to provide competitive products and localised solutions to our consumers globally as well as in India," said Allen Wang, Director, Product Center, Huawei Consumer Business Group, India.Huawei recently dethroned Apple, which reported ...
Compuage Infocom strengthens its Cloud Portfolio
Powered by Capital Market - Live News
JK govt approves first trade policy to make state competitive
The Jammu and Kashmir government has approved the first-ever trade and export policy, aimed at transforming the state's economy into a competitive export-led entity, an official spokesman said today. The State Administrative Council (SAC) met in Srinagar last evening under the chairmanship of Governor N N Vohra and approved the J-K Trade and Export Policy, 2018-28, the spokesman said. He said the policy reflects the dynamics of Jammu and Kashmir as an agrarian economy in transition towards a market-driven one. "It is aimed to transform the state economy from a supply constrained one to a competitive export-led entity responsive to enhanced domestic integration and wider participation in national and global economy in tune with the national policies. "It will create an enabling eco-system to ensure effective participation in the designed framework-based trading system that has emerged at the national and international levels and help in seizing opportunities available in global ...
Coriander futures up 1.57% on rise in demand
Coriander prices were trading up by 1.57 per cent to Rs 5,164 per quintal in futures trade today as participants increased positions amid uptick in domestic as well as export demand at the spot markets. Further, tight supplies from major producing belts fuelled the uptrend. At the National Commodity and Derivatives Exchange, coriander for this month's delivery rose by Rs 80, or 1.57 per cent, to Rs 5,164 per quintal with an open interest of 15,910 lots. On similar lines, the contract for September was trading higher by Rs 75, or 1.45 per cent, to Rs 5,228 per quintal, with an open interest of 25,610 lots. Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against low stocks position on fall in supplies from producing regions.