Page 3301 - Business Finance
Pritish Nandy Communications to table results
On 18 July 2018
UK recruiter PageGroup says FY profit to beat estimates
(Reuters) - Britain's PageGroup Plc expects to beat analysts' estimates for full-year profit after posting a 14.5 percent year-on-year rise in gross profit in the second-quarter, helped by stronger hiring in its international markets.
Murdoch's Fox agrees $32.5 billion bid for Sky
LONDON (Reuters) - Rupert Murdoch's 21st Century Fox said it had agreed a deal to buy Britain's Sky with an offer valuing the pay-TV group at $32.5 billion, trumping rival bidder Comcast.
Adani Power Ltd leads gainers in 'A' group
Adani Enterprises Ltd, Eros International Media Ltd, IDBI Bank Ltd and PNB Housing Finance Ltd are among the other gainers in the BSE's 'A' group today, 11 July 2018.
PNB, Carlyle Group to sell at least 51% stake in PNB Housing Finance
Punjab National Bank (PNB) and Carlyle Group plan to initiate the process to sell at least 51 per cent stake in the mortgage lender PNB Housing Finance, the state-run bank today said. PNB owns 32.79 per cent stake and Carlyle Group, through its investment vehicle Quality Investment Holdings Quality Investment Holdings, owns 32.36 per cent of the paid up equity share capital of PNB Housing Finance. "Punjab National Bank and Carlyle Group intend to jointly initiate a strategic stake sale process to offer minimum 51 per cent stake in PNB Housing Finance," PNB said in a regulatory filing. In May this year, Quality Investment Holdings sold 4.8 per cent stake in PNB Housing Finance for Rs 1,024 crore through an open market transaction. PNB Housing Finance, a subsidiary of PNB, claims to be the fifth largest housing finance company with the asset under management of Rs 62,252 crore as on March 31, 2018. The company had registered a rise of 58 per cent in its net profit at Rs 829.41 crore in .
Aluminium futures decline 0.97 pc on muted demand, global cues
Aluminium prices traded lower by 0.97 per cent to Rs 142.30 per kg in futures trading today as speculators cut bets amid weak trend overseas, subdued demand at domestic spot market. At the Multi Commodity Exchange, aluminium for delivery in August fell by Rs 1.40, or 0.97 per cent, to Rs 142.30 per kg in a business turnover of 21 lots. On similar lines, the metal for delivery in July edged lower by Rs 1.25, or 0.87 per cent, to Rs 142 per kg in 1,368 lots. Analysts said offloading of positions by participants on the back of weak global cues amid easing demand from consuming industries in the physical market weighed on aluminium prices at futures trade.
Lead futures weaken by 2.33% on weak global cues
Lead prices moved down by 2.33 per cent to Rs 155.30 per kg in futures trade today as speculators cut down their positions, taking negative cues from overseas markets. At the Multi Commodity Exchange, lead for delivery in July fell by Rs 3.70, or 2.33 per cent, to Rs 155.30 per kg in business turnover of 1,467 lots. Similarly, the metal for delivery in August contracts shed Rs 3.55, or 2.23 per cent, to Rs 156 per kg in 76 lots. Analysts said offloading of positions by traders owing to weak trend in base metals in global markets, led to the decline in lead prices at futures trade. Meanwhile, lead for delivery in three months was down 2.1 per cent on the London Metal Exchange.
Zinc futures dip 3.67 pc on global cues, low demand
Zinc prices dipped by 3.67 per cent to Rs 174.70 per kg in futures market today as speculators cut bets amid weak trend overseas and fall in demand at the spot market. Furthermore, fall in demand from consuming industries at domestic spot market, influenced prices. At the Multi Commodity Exchange, zinc for delivery in July declined by Rs 6.65, or 3.67 per cent, to Rs 174.70 per kg in a business turnover of 4,388 lots. Likewise, the metal for delivery in August shed Rs 6.65, or 3.66 per cent, to Rs 174.85 per kg in 181 lots. Analysts attributed the slide in zinc prices at futures trade to a weak trend overseas and a slump in demand from consuming industries in the physical market. Meanwhile, zinc for delivery in three month fell 4.8 per cent to USD 2,503 in London, the lowest since June 15 last year on the London Metal Exchange.
India-Korea CEOs Develop An Ambitious Agenda To Enhance Trade And Investment Between The Two Countries
The CEOs announced the formation of 6 working groups in sectors like Auto, Infrastructure, Services, Electronics (including renewable and allied sector) & IT and Start ups and Innovation Ecosystem (including MSMEs & SMEs) and Defense Manufacturing.
SoftBank's Masayoshi Son says to carry on with deals despite trade jitters
SUN VALLEY, IDAHO (Reuters) - SoftBank Group Corp CEO Masayoshi Son said on Tuesday he was optimistic that U.S. President Donald Trump's escalation of trade disputes and heightened scrutiny of foreign investments would not affect the Japanese firm's prolific dealmaking.
Citi readies for Asia investment surge with new China desk as trade war intensifies
HONG KONG (Reuters) - Citigroup Inc will set up a China business desk in India within the year betting on a pickup in investment flows within the Asian region, its Asia-Pacific corporate banking head said, as concerns grow about the impact of a Sino-U.S. trade war.
U.S. ups China trade war ante, threatens tariffs on $200 billion of goods
WASHINGTON/BEIJING (Reuters) - The Trump administration raised the stakes in its trade dispute with China, threatening 10 percent tariffs on a list of $200 billion worth of Chinese imports, sending stocks lower and prompting Beijing to warn it would be forced to respond.
Copper futures fall 2.72% on weak global cues
Copper prices drifted down by 2.72 per cent to Rs 421.30 per kg in futures trade today as speculators cut down their positions, driven by a weak trend overseas. Besides, easing demand from consuming industries at domestic spot market, too, fulled the downtrend. At the Multi Commodity Exchange, copper for delivery in August declined by Rs 11.80, or 2.72 per cent, to Rs 421.30 per kg in business turnover of 5507 lots. Similarly, the metal for delivery in November contracts lost Rs 11.30, or 2.57 per cent, to Rs 428.75 per kg in 188 lots. Analysts said offloading of positions by traders in line with a weak trend overseas where copper prices slumped to their weakest level in a year amid a broad selloff today after the Trump administration said it would slap 10 per cent tariffs on an extra USD 200 billion worth of Chinese imports. US President Donald Trump's latest tariff threat escalates an already deepening trade war between the world's two biggest economies, fuelling risk aversion ...
India's Iranian oil imports in June fall as sanctions fears bite - sources
NEW DELHI (Reuters) - India's oil imports from Iran declined by 15.9 percent in June, the first month after the United States said it would reimpose sanctions on the country, according to data from shipping and industry sources.
Nickel futures slip 2.78 pc on weak overseas cues
Nickel prices dropped by 2.79 per cent to Rs 948.70 per kg in futures trading today as speculators trimmed positions amid weak trend overseas and fall in demand at spot markets. At the Multi Commodity Exchange, nickel for delivery in August dropped by Rs 27.20, or 2.79 per cent, to Rs 948.70 per kg in a business turnover of 113 lots. On similar lines, the metal for delivery in July was trading lower by Rs 27, or 2.78 per cent, to Rs 944 per kg in 4,265 lots. Analysts attributed the fall in nickel futures to cutting down of positions by participants on the back of weak global cues amid slackened demand from alloy-makers in the physical market.
Silver futures down 0.54 pc on overseas cues
Silver prices moved down by 0.54 per cent to Rs 39,577 per kg in futures trade today as speculators cut down bets taking negative cues from the global market. At the Multi Commodity Exchange, silver for delivery in September fell by Rs 216, or 0.54 per cent, to Rs 39,577 per kg in a business turnover of 635 lots. Likewise, the white metal for delivery in December declined by Rs 199, or 0.49 per cent, to Rs 40,440 per kg in 3 lots. Analysts attributed the fall in silver prices to offloading of positions by participants in tandem with a weak trend overseas. Meanwhile, silver fell by 0.75 per cent to USD 15.90 an ounce in Singapore.
Volumes spurt at Shilpa Medicare Ltd counter
Shilpa Medicare Ltd registered volume of 46459 shares by 10:47 IST on BSE, a 32.67 fold spurt over two-week average daily volume of 1422 shares
Shilpa Medicare spurts after USFDA closes inspection of plants
Shilpa Medicare rose 9.52% to Rs 420 at 10:41 IST on BSE after the US drug regulator closed its inspection of the company's manufacturing plants at Raichur.
Global Markets: Stock markets roiled as U.S. ups ante in trade conflict
TOKYO (Reuters) - A sell-off in Chinese markets knocked Asian stocks on Wednesday as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world's two biggest economies ever closer to a full-scale trade war.
Vistara to buy 19 Airbus, Boeing planes worth USD 3.1 bln
Vistara today announced placing orders for a total of 19 Airbus and Boeing aircraft worth USD 3.1 billion (approx Rs 21,344 crore), as the carrier embarks on ambitious expansion plans, including flying overseas. The airline, which currently has a fleet of 21 aircraft from A320 neo family, plans to add another 50 such planes. In a statement, Vistara said it has agreed to place firm orders with Airbus for 13 aircraft from the A320 neo family and with Boeing for six 787-9 Dreamliner. Together, the deals are valued at USD 3.1 billion, based on published list prices, it said. The letter of intent signed with Airbus is for 13 A320 neo and A321 neo aircraft as well as options for buying seven more aircraft from the A320 neo family. Vistara would also lease another 37 new A320 neo family aircraft from leasing companies, the statement said. The airline has selected the LEAP 1-A engines from CFM International for the A320 neo and A321 neo aircraft, which are to be delivered be between 2019 and .