Page 3302 - Business Finance
Gold futures slide 0.18 pc on global cues
Gold prices slipped by 0.18 per cent to Rs 30,473 per ten grams in futures market today as speculators reduced exposure, tracking a weak global trend. At the Multi Commodity Exchange, gold for delivery in August fell by Rs 55, or 0.18 per cent, to Rs 30,473 per ten grams in a business turnover of 364 lots. Likewise, the yellow metal for delivery in October declined by Rs 52, or 0.17 per cent, to Rs 30,770 per ten grams in 7 lots. Analysts said offloading of positions by participants in-line with a weak trend overseas, as the US dollar firmed amid an escalating trade spat between the United States and China, mainly influenced gold prices at futures trade here. Globally, gold fell 0.36 per cent to USD 1,250.50 an ounce in Singapore.
US levies 10% taxes on Chinese products worth $200 bn
President Donald Trump has ordered the start of imposing additional 10 per cent taxes on Chinese imports worth $200 billion, according to a statement by the US Trade Representative (USTR).
Advanced Enzyme Technologies subscribes to rights issue of Advanced Enzymes (Malaysia)
In view of the aforesaid, the paid-up share capital of AEM has increased from existing MYR 400.000 to MYR 500,000.
Prakash Industries standalone net profit rises 183.93% in the June 2018 quarter
Sales rise 51.49% to Rs 985.42 crore
Tata Consultancy Services standalone net profit rises 6.99% in the June 2018 quarter
Sales rise 25.10% to Rs 29368.00 crore
IndusInd Bank standalone net profit rises 23.81% in the June 2018 quarter
Total Operating Income rise 22.55% to Rs 5068.15 crore
Tata Consultancy Services consolidated net profit rises 23.73% in the June 2018 quarter
Sales rise 15.81% to Rs 34261.00 crore
U.S. ratchets up China trade war, threatens tariffs on $200 billion of goods
WASHINGTON/BEIJING (Reuters) - The Trump administration raised the stakes in its trade dispute with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports, including numerous consumer items, sending stocks in Asia skidding.
China Stocks tumble as US ramps up trade row, threatens new tariffs
The United States government decided to impose the extra tariffs after efforts to negotiate a solution to the dispute failed to reach an agreement. The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10% tariffs on an extra $200 billion worth of Chinese imports.
KEC International rises after securing new orders
KEC International rose 1.75% to Rs 343.45 at 10:01 IST on BSE after the company said it secured new orders worth Rs 1357 crore across its businesses.
U.S. ramps up trade row with China, threatens new tariffs
WASHINGTON/BEIJING (Reuters) - The Trump administration raised the stakes in its trade dispute with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports.
Sensex, Nifty turn choppy on weak Asian cues
The benchmark BSE Sensex opened 59.64 points higher, but soon turned choppy in early trade, as investors cashed profits in metal, healthcare, PSU and auto stocks, amid weak Asian cues after US-China trade spat escalated. After opening on a positive note, the BSE 30-share barometer dropped by 56.15 points, or 0.15 per cent, to 36,183.47 led by fall in index majors Hero Motorcorp, Vedanta, Coal India and RIL shares. The gauge had rallied 665.07 points in the previous three sessions on sustained buying by domestic institutional investors (DIIs). However, a rise in shares of index heavyweight TCS capped Sensex losses, after the IT major posted reported better-than-expected earnings. It was the top gainer in the Sensex pack, rising 2.02 per cent to Rs 1,915. The NSE Nifty index also fell by 17.40 points, or 0.16 per cent, at 10,929.85. Other gainers were Asian Paints, HDFC, Adani Ports, M&M, Bajaj Auto, Axis Bank, Wipro, HUL, Sun Pharma, ONGC, Yes Bank and IndusInd Bank, rising up to ..
Japan Nikkei tumbles on latest tariff news
The United States government decided to impose the extra tariffs after efforts to negotiate a solution to the dispute failed to reach an agreement. The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10% tariffs on an extra $200 billion worth of Chinese imports.
Australia Market falls as trade concerns return to focus
The United States government decided to impose the extra tariffs after efforts to negotiate a solution to the dispute failed to reach an agreement. The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10% tariffs on an extra $200 billion worth of Chinese imports.
Kridhan Infra jumps after winning orders
Kridhan Infra rose 4.29% to Rs 82.60 at 9:43 IST on BSE after the company said its associate company won new orders worth Rs 74.20 crore.
Arvind Subramanian to brief par panel on mounting NPAs today
Outgoing Chief Economic Adviser Arvind Subramanian will brief a parliamentary panel on the issue of mounting non-performing assets today. While the Enforcement Directorate (ED) and Central Bureau of Investigation (CBI) have also been summoned by the panel to discuss the matter, a date for the same is yet to be decided, sources said. The parliament's committee on estimates, headed by veteran BJP leader Murli Manohar Joshi, was yesterday briefed by senior finance ministry officials, including Hasmukh Adhia and deputy governors of the RBI. Members of the panel posed a number of questions over the rising non-performing assets (NPAs) and crisis in the banking sector, sources said. During the meeting, which lasted for more than four hours, the members demanded various documents including minutes of the board meetings of the public sector banks, in which high-ticket value loans were approved. Sources said ED Director Karnal Singh and CBI Director Alok Verma will also brief the panel on the ..
TCS will be watched after Q1 results
IT major TCS' consolidated net income rose 6.3% to Rs 7340 crore on 6.8% increase in revenue to Rs 34261 crore in Q1 June 2018 over Q4 March 2018. The result was announced after market hours yesterday, 10 July 2018.
Market reverses early losses
Volatility struck bourses in early trade as the key benchmark indices reversed initial losses triggered by negative Asian stocks. At 9:32 IST, the barometer index, the S&P BSE Sensex, was up 34.49 points or 0.1% at 36,274.11. The Nifty 50 index was up 8.55 points or 0.08% at 10,955.80.
Passenger vehicles sales up nearly 20% in April - June 2018
Domestic passenger vehicle sales edged up 37.54 percent to 2,73,759 units in June this year from while car sales were up 34.21 percent at 1,83,885 units according to data released by the Society of Indian Automobile Manufacturers (SIAM). The domestic automobile industry produced a total 8,064,239 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-June 2018 as against 6,919,414 in April-June 2017, registering a growth of 16.55 percent over the same period last year. The sale of Passenger Vehicles grew by 19.91 percent in April-June 2018 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans grew by 17.98 percent, 23.22 percent and 27.29 percent respectively in April-June 2018 over the same period last year.