Page 3253 - Business Finance
Slide in crude prices lift equity indices
Slide in global crude oil prices along with expectations of healthy quarterly results pushed the key indices of the Indian equity market higher during the morning trade session on Tuesday.
HUL to be watched after Q1 result
Hindustan Unilever (HUL)'s net profit rose 19.17% to Rs 1529 crore on 11.37% rise in net sales to Rs 9356 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 16 July 2018.
Outcome of board meeting of Jay Bharat Maruti
Held on 16 July 2018
ITC allots 1.16 crore equity shares
Under ESOS
Global Capital Markets announces change in directorate
With effect from 16 July 2018
Market slips in opening trade
Key benchmark indices were trading lower in early trade, tracking negative leads from Asian markets. At 9:20 IST, the barometer index, the S&P BSE Sensex, was down 52.14 points or 0.14% at 36,271.63. The Nifty 50 index was down 7.45 points or 0.07% at 10,929.40.
Oil climbs from three-month low as more oil workers strike in Norway
TOKYO (Reuters) - Brent crude prices rose from a three-month low on Tuesday after more oil workers went on strike in Norway, supporting a market that has been dominated by oversupply issues in recent days.
Rupee rises 21 paise to 68.36 against US dollar
The rupee strengthened 21 paise to trade at 68.36 against the US dollar in morning session at the interbank forex market today. Fresh selling of the American unit by exporters and banks and fall in global crude oil prices boosted the domestic currency. However, strength in dollar overseas, as investors awaited US Federal Reserve Chairman Jerome Powell's first congressional testimony for hints on the pace of interest rate hikes, capped rupee's gains, traders said. Yesterday, the rupee had retreated from a near two-week high by ending 4 paise lower at 68.57 against the US currency. The benchmark Sensex fell 57.26 points, or 0.16 per cent, to 36,266.41 points in opening trade today.
Khoobsurat announces change in company secretary and compliance officer
With effect from 16 July 2018
Shares may extend losses amid negative global cues
Market may extend losses, tracking negative leads from Asian markets. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 18 points at the opening bell.
Britain announces its first ever spaceship launch site
Britain's space sector took one giant leap when the site of its first vertical launch spaceport was announced.
Asia stocks sag after oil slides, dollar steady before Fed speech
TOKYO (Reuters) - Asian stocks sagged on Tuesday, weighed by a sharp decline in crude oil prices as Libyan ports reopened, while the dollar steadied ahead of Federal Reserve Chairman Jerome Powell's first congressional testimony.
High wholesale vegetable prices leave common man burdened
The common man is bearing the brunt of the increased wholesale prices of vegetables in India.India's wholesale inflation grew 5.77 percent in June, breaking the record of four-and-a-half-year.A vegetable buyer in Chandigarh said that the price of onion has touched sky high within a week."Onions used to be cheaper as they used to be available only for Rs 40 but now 2.5 kg of it is selling somewhere between Rs 60-70 per kg, which is a big difference in a single week," said Samriddhi, a vegetable buyer in Chandigarh.Whereas in Ludhiana, a buyer complained of bottle gourd being sold for nine times higher the earlier price."The previous week bottle gourd was selling for Rs 10 per kg but now it is selling for Rs 90 per kg," said Amit, a vegetable buyer in Ludhiana.Meanwhile, retailers who are compelled to sell vegetables at a higher price said that due to the onset of monsoon, the prices have hit the roof."Due to monsoon, the vegetable prices have increased. Currently, there is an ...
Netflix shares tank after big miss on subscriber growth
(Reuters) - Netflix Inc's subscriber growth fell short of Wall Street expectations on Monday, sending shares of the normally high-flying stock down 14 percent on fears that the company's rapid expansion is slowing.
Asia stocks sag after oil tumbles, dollar on defensive before Fed speech
TOKYO (Reuters) - Asian stocks sagged on Tuesday, weighed by a sharp decline in crude oil prices as Libyan ports reopened, while the dollar was on the defensive ahead of Federal Reserve Chairman Jerome Powell's first congressional testimony.
Oil's 4 percent tumble weighs on energy shares; banks rally
NEW YORK (Reuters) - The price of oil tumbled more than 4 percent on Monday, putting pressure on energy shares and keeping global stock markets in check, although financial shares rallied after upbeat news from Bank of America and Deutsche Bank.
Tesla shares fall after CEO Musk abuses British diver
(Reuters) - Shares of Tesla Inc fell 2.75 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cave divers involved in the rescue of 12 Thai children last week.
Thyssenkrupp advisory board chief quits after Tata deal
German industrial giant Thyssenkrupp has announced the resignation of the chairman of its advisory board after a dispute with shareholders. Ulrich Lehner, 72, had publicly supported Heinrich Hiesinger, who resigned unexpectedly earlier this month following a merger of Thyssenkrupp's steelmaking business with India's Tata, creating Europe's second biggest steelmaker. Thyssenkrupp has been under pressure from activist investors such as investment firm Cevian, an 18 per cent shareholder, and business daily Handelsblatt reported Lehner was one of two advisory board members to have voted against the Tata merger. Lehner told German press last week that activist shareholders had inflicted "psychological terrorism" on Hiesinger.
Thyssenkrupp advisory board chief quits after Tata deal
German industrial giant Thyssenkrupp has announced the resignation of the chairman of its advisory board after a dispute with shareholders. Ulrich Lehner, 72, had publicly supported Heinrich Hiesinger, who resigned unexpectedly earlier this month following a merger of Thyssenkrupp's steelmaking business with India's Tata, creating Europe's second biggest steelmaker. Thyssenkrupp has been under pressure from activist investors such as investment firm Cevian, an 18 per cent shareholder, and business daily Handelsblatt reported Lehner was one of two advisory board members to have voted against the Tata merger. Lehner told German press last week that activist shareholders had inflicted "psychological terrorism" on Hiesinger.
Thyssenkrupp advisory board chief quits after Tata deal
German industrial giant Thyssenkrupp has announced the resignation of the chairman of its advisory board after a dispute with shareholders. Ulrich Lehner, 72, had publicly supported Heinrich Hiesinger, who resigned unexpectedly earlier this month following a merger of Thyssenkrupp's steelmaking business with India's Tata, creating Europe's second biggest steelmaker. Thyssenkrupp has been under pressure from activist investors such as investment firm Cevian, an 18 per cent shareholder, and business daily Handelsblatt reported Lehner was one of two advisory board members to have voted against the Tata merger. Lehner told German press last week that activist shareholders had inflicted "psychological terrorism" on Hiesinger.