Page 3249 - Business Finance
China's Didi says gets $500 million investment from Booking.com parent
BEIJING (Reuters) - Chinese ride-hailing app Didi Chuxing said on Tuesday it has received a $500 million investment from U.S. travel firm Booking Holdings Inc as part of a new agreement.
India prepared to impose 'safeguards' if steel imports rise: govt source
NEW DELHI (Reuters) - India is planning to impose "safeguards" on steel imports if the volumes coming into the country increase beyond a certain level, a government source said in New Delhi on Tuesday.
India Telecom Industry - A Major Contributor To Country's GDP Going Through Challenging Times Says ASSOCHAM-KPMG Study
Telecom service providers (TSP) play a vital role in providing major support services required for swift growth and transformation of multiple sectors such as IT, insurance, education, health, public sector, etc, reveals the ASSOCHAM-KPMG joint study.
Global businesses turn to Oracle Blockchain Service to speed transactions securely
Businesses around the world have been deploying an early adopter version of Oracle Blockchain Cloud Service, which becomes generally available today.The service allows organizations to easily build blockchain networks to drive more secure and efficient transactions and to track goods through supply chains on a global scale. Arab Jordan Investment Bank, CargoSmart, Certified Origins, Indian Oil, Intelipost, MTO, Neurosoft, Nigeria Customs, Sofbang, Solar Site Design and TradeFin are among the many global organizations that already have adopted Oracle's blockchain platform.Blockchain has the power to fundamentally transform how every industry does business by making interactions more secure, transparent, efficient and cost-effective. Oracle Blockchain Cloud Service provides customers with a development platform to build their own networks, and to quickly integrate with Oracle SaaS and third-party applications they already use, as well as other blockchain networks and Oracle PaaS ...
Analysis: Italy shock shows sovereign CDS still active - flaws and all
LONDON (Reuters) - Italy's recent bond shock showed that the financial derivatives market designed to insure against sovereign defaults hasn't been killed off by doubts about whether those contracts would pay out when the time came.
Orange acquires Cloud firm Basefarm Holding for $410 million
Global telecommunications operator Orange on Tuesday announced to acquire Cloud firm Basefarm Holding for 350 million euros ($410.5 million) to become an European leader in Cloud computing services for the enterprise sector.
Sugar prices fall on bloated stocks, low buying
Sugar prices went down by Rs 80 per quintal at the wholesale market in the national capital today mainly dragged by ample stocks and limited offtake by stockists and bulk consumers. Marketmen said, ample stock positions following consistent supplies from mills amid selective buying by stockists and bulk consumers such as soft-drinks and ice-cream makers, pulled down sweetener's prices. In the price section, sugar ready M-30 and S-30 prices dropped by Rs 80 each to end the day at Rs 3,600-3,720 and Rs 3,590-3,710 per quintal, respectively. Likewise, sugar mill delivery M-30 and S-30 prices fell by Rs 80 each to conclude the day at Rs 3,290-3,440 and Rs 3,280-3,430 per quintal, respectively. In the mill gate section, sugar Kinnoni and Asmoli slid by Rs 80 each to Rs 3,440 and Rs 3,365, while Dhanora and Shamli slipped by Rs 70 each to Rs 3,390 and Rs 3,290 per quintal, respectively. Following are today's quotations (in Rs per quintal) Sugar retail markets - Rs 35-41 per kg. Sugar ready:
India's services exports increases 20.4% in May 2018
Services trade surplus improves 2.6% to US$ 5.97 billion in May 2018
India's exports moves up 17.6% to US$ 27.70 billion in June 2018
Trade deficit jumps 28.1% to US$ 16.60 billion in June 2018
UK's official Brexit campaign fined, referred to police
Britain's official Brexit campaign, Vote Leave, has been fined for breaking spending rules in the 2016 EU membership referendum, the Electoral Commission said today, adding that it had referred the case to the police. The Electoral Commission said the winning side in the referendum had worked together with a smaller pro-Brexit group called BeLeave to get around campaign finance rules. "We found substantial evidence that the two groups worked to a common plan, did not declare their joint working and did not adhere to the legal spending limits," said Bob Posner, the commission's director of political finance and regulation. "These are serious breaches of the laws put in place by parliament to ensure fairness and transparency at elections and referendums," Posner said. A Vote Leave spokesman accused the Electoral Commission of being "motivated by a political agenda rather than uncovering the facts". The spokesman said there were "a number of false accusations and incorrect assertions ...
IMF Trims India Growth Projections; Cites Negative Effects Of Higher Oil Prices And Monetary Policy Tightening
Global growth is projected to reach 3.9 percent in 2018 and 2019, in line with the forecast of the April 2018 World Economic Outlook (WEO), but the expansion is becoming less even, and risks to the outlook are mounting. In the United States, near-term momentum is strengthening in line with the April WEO forecast, and the US dollar has appreciated by around 5 percent in recent weeks. Growth projections have been revised down for the euro area, Japan, and the United Kingdom, reflecting negative surprises to activity in early 2018. Among emerging market and developing economies, growth prospects are also becoming more uneven, amid rising oil prices, higher yields in the United States, escalating trade tensions, and market pressures on the currencies of some economies with weaker fundamentals.
Eicher Motors Ltd eases for fifth straight session
The stock is quoting at Rs 27127.75, down 1.08% on the day as on 13:19 IST on the NSE. Eicher Motors Ltd tumbled 5.14% in last one year as compared to a 11.68% rally in NIFTY and a 0.13% fall in the Nifty Auto index.
NBCC gets in principle nod for India Pavilion at World Expo 2020, Dubai
State-owned NBCC today said it has received in-principle approval from the commerce ministry to design and construct 'India Pavilion' at World Expo 2020 to be held in Dubai at a cost of Rs 400 crore. In a filing to the BSE, NBCC informed that the company has received "in principle approval from Department of Commerce...for conceptualising, designing and construction of India Pavilion at World Expo 2020 to be held in Dubai from October 2020 to April 2021 which would likely to cost approx Rs 400 crore". The World Expo 2020 is a global platform for countries to showcase their achievements and abilities. "Expecting an international audience of millions including global companies, academic institutions and investors, the Expo is themed 'Connecting Minds Creating the Future'," it added. India is participating with the sub-theme of 'OPPORTUNITY' to showcase its growth story on a global stage, its strength and ample opportunities in space, aviation, defence, IT, pharmacy and biotechnology, ...
BSE Mid-Cap, Small-Cap indices outshine Sensex
Stocks once again regained strength in afternoon trade after trading in a small range in early afternoon trade. At 13:25 IST, the barometer index, the S&P BSE Sensex, was up 68.23 points or 0.19% at 36,392. The Nifty 50 index was up 40.30 points or 0.37% at 10,977.15. Shares of FMCG major Hindustan Unilever (HUL) retreated from record high on profit booking after declaring good Q1 result.
U.S. ban on China's ZTE forces telecoms to rethink business: sources
LONDON (Reuters) - The U.S. trade ban on Chinese telecom equipment maker ZTE wreaked havoc at wireless carriers in Europe and South Asia and forced operators worldwide to consider broadening their supply networks, industry sources told Reuters.
Walmart expands Microsoft partnership to boost digital footprint
Aiming to make shopping faster and easier for millions of customers, cash-and-carry major Walmart on Tuesday announced a five-year strategic partnership with Microsoft.
Hyundai to hike prices of Grand i10 from Aug
Hyundai Motor India (HMIL) today said it will increase the price of its hatchback Grand i10 by up to 3 per cent from August. The company, which has not changed prices of its other models, said the price hike is due to increase in input and material costs. "The revised prices will be implemented from August 2018," HMIL said in a statement. Currently, the Grand i10 is priced between Rs 4.74 lakh and Rs 7.51 lakh (ex-showroom Delhi). The price hike on Grand i10 comes at a time when HMIL is gearing up to launch a new compact car around Diwali this year. The new model is widely understood to be the return of the Santro brand in India, although the company has insisted that it has not decided on the name. Earlier this year, HMIL Managing Director and CEO Y K Koo told PTI that the model would be launched near Diwali this year. "So we will take a final call on the Santro badge at around that time. However, we are under a lot of pressure from dealers, customers and market to bring back the ...
Gold edges up on soft dollar ahead of Fed speech
BENGALURU (Reuters) - Gold prices edged higher on Tuesday as the dollar remained on the backfoot ahead of U.S. Federal Reserve Chairman Jerome Powell's first congressional testimony.
Ashok Leyland first-quarter profit tops expectations
(Reuters) - India's Ashok Leyland Ltd reported a better-than- expected first quarter net profit on Tuesday, driven by higher sales in its medium and heavy commercial vehicles business.
Jeera futures fall 1.56 pc on profit-booking
Jeera prices fell by 1.56 per cent to Rs 18,355 per quintal in futures trade today as speculators trimmed their positions to book profits amid lower domestic and export demand at the spot market. Ample stocks position following higher supplies from the producing belts, too, fuelled the downtrend. At the National Commodity and Derivatives Exchange, jeera for delivery in the current month contract fell by Rs 290, or 1.56 per cent, to Rs 18,355 per quintal, with an open interest of 204 lots. Similarly, the spice for delivery in August moved down by Rs 175, or 0.94 per cent, to Rs 18,530 per quintal in 5,721 lots. Analysts said, besides profit-booking by speculators at existing levels, fall in demand at the spot market against adequate stocks position weighed on the jeera futures.