Page 3321 - Business Finance
Tesla raises car prices in China - Electrek
(Reuters) - Tesla Inc has raised prices on its Model X and S cars by over $20,000 in China, automotive news website Electrek reported on Monday, making it one of the first U.S. carmakers to hike prices in the wake of rising trade tensions.
Stocks hit two-week high as U.S. jobs report spreads relief
LONDON (Reuters) - Global shares hit a two-week high on Monday as favourable U.S. jobs data whetted risk appetites, while sterling brushed off the resignation of two ministers over Britain's departure from the EU, with traders focused on the likelihood of a "soft Brexit".
Global Markets: Stocks hit two-week high as U.S. jobs report spreads relief
LONDON (Reuters) - Global shares hit a two-week high on Monday as favourable U.S. jobs data whetted risk appetites, while sterling brushed off the resignation of two ministers over Britain's departure from the EU, with traders focused on the likelihood of a "soft Brexit".
Hiring records 13 pct YOY growth in June 2018, says TimesJobs RecruiteX report
Hiring activities have shown 13 percent growth in a year-on-year comparison, reports TimesJobs RecruiteX June 2018 data. In YoY analysis, the index witnessed an upward swing by 13 points with the index moving from 60 points in June 2017 to 73 points in June 2018.The month-on-month analysis, however, reported subdued hiring in June 2018 as compared to May 2018. Consumer Durables/FMCG sector (up by 11 points as compared to May 2018) posted most jobs in June 2018, followed by BFSI, IT/Telecom, Healthcare and Automobiles sectors subsequently.The TimesJobs RecruiteX June 2018 report has also revealed that Sales/Business Development roles were most sought after. Talent demand was also high for IT/Telecom and Customer Services/Tele-calling profiles respectively. This indicates that organisations in these sectors are ramping up the respective workforce steams."June 2018 has been marked with encouraging news and announcements of business expansion, especially in the FMCG sector. The RecruiteX .
No need to 'panic' over Kroll's comments on Indian economy:BSE
There was no need to 'panic' over risk management firm Kroll's observations about Indian economy as the country was a thought leader in corporate governance worldwide, BSE Managing Director and CEO Ashishkumar Chauhan has said. "We should not be panicky just because one company (Kroll) has made some not-so-rosy observations on global investment situation in India. I don't see India being a laggard," he told PTI here. He further said, "We are a thought leader in corporate governance and lauded by many regulators across the world." Chauhan was in the city to attend the BSE "Stars of Star MF" event. Kroll had yesterday said global investors were slowly adopting a "wait and watch" approach on India as they were scaling down on their aggression ahead of general elections next year amid global uncertainties. The firm had also said poor governance, lack of transparency and fraud risk were among the factors affecting the sentiment of foreign investors towards India. In this ...
Shriram group mulls merger of Shriram Transport Fin, City Union
Non-banking financial firms Shriram Transport Finance Company and Shriram City Union Finance (SCUF) are in early stages of discussion for merger, a source said today. The move is aimed at listing the holding company Shriram Capital. "Discussions are going on. The advantages and merits of the merger are being looked into," the source said. However, it is not a binding constraint to merge STFC and SCUF for listing process of Shriram Capital as the group is also looking to go solo to list the holding company that manages the financial services arms of the business conglomerate. "We are looking at various options, including listing of Shriram Captial solo also," said the person privy to the development. On asked how much time it can take if things materialises, the person said that the there is no such hurry. "If things fall in place, the merger can happen in about 8-9 months," the person added further. Shriram Transport Finance mainly caters to the financing needs of customers who want ..
Starbucks, citing environment, is ditching plastic straws
Starbucks, citing the environment threat to oceans, will ban plastic straws from all of its stores globally in less than two years. The company becomes the largest food and beverage company operating globally to do so. Starbucks today said that it is making available a strawless lid at 8,000 stores in the US and Canada for certain drinks. Starbucks Coffee Co estimates the switch will eliminate more than 1 billion plastic straws a year. The company's announcement comes a week after it's hometown, Seattle, banned single-use plastic straws and utensils at businesses that sell food or drinks in the city. Starbucks said cold beverages in which a straw is typically included make up 50 per cent of the drinks its sells, up from just 37 per cent five years ago.
Asian refiners seeking more oil from outside Iran after U.S. sanctions - KPC CEO
BEIJING (Reuters) - Asian refiners are seeking alternatives to Iranian oil from Saudi Arabia, Kuwait, the United Arab Emirates and Iraq after the United States pledged to renew sanctions on Iran, Kuwait Petroleum Corp (KPC) Chief Executive Officer Nizar al-Adsani told Reuters on Monday.
Nissan admits to more testing misconduct for cars sold in Japan
YOKOHAMA (Reuters) - Nissan Motor said on Monday it had improperly measured exhaust emissions and fuel economy for 19 vehicle models sold in Japan, the second case in less than a year where misconduct has been discovered in its inspection processes.
China says tariffs on U.S. goods to be used to ease impact of trade fight
BEIJING (Reuters) - China's commerce ministry said on Monday that it will use funds collected from tariffs charged on imports from the United States to help ease the impact of U.S. trade actions on Chinese companies and their employees.
Amazon to bring 1,700 jobs to Italy in 2018
Amazon will bring 1,700 new jobs to Italy by the end of the year, the online commerce giant announced today, bringing its number of employees working in the country's groaning economy to 5,200. In a statement, Amazon said that the new positions would be permanent hires and open to "people with all levels of experience, training and skills, from software developers and engineers to warehouse workers". Unemployment in Italy stands at nearly 11 percent, according to the latest figures from national statistics agency Istat. That number spikes to nearly 20 percent for those aged between 15 and 34 and just under 32 percent for the 15-24 year age range. Economic growth in Italy has lagged behind the rest of the eurozone in recent years. This year the country is forecast to see 1.5 percent economic growth, compared to 2.3 percent for the bloc as a whole. On Wednesday Amazon announced that it would be bringing 2,500 jobs to the United Kingdom, boosting its workforce there to 27,500 ...
Nifty July futures at small premium
RIL July futures at premium
Exclusive: France's Total prepares sale of $1.5 billion of UK North Sea fields
LONDON (Reuters) - France's Total is set to sell a third of its stake in Laggan Tormore gas field along with other oil and gas assets in Britain's North Sea that could fetch a total of $1.5 billion, four banking and industry sources said.
Shares of Tata group companies rise after NCLT ruling
Shares of Tata group companies ended in green today after the National Company Law Tribunal (NCLT) dismissed Cyrus Mistry's pleas against Tata Sons for removing him as chairman. The scrip of Trent rose as much as 4.58 per cent to close at Rs 324 on the BSE, while that of Tata Global Beverages went up by 3.07 per cent to settle at Rs 275.05. Voltas shares grew 2.44 per cent to end the session at Rs 532.25, Tata Metaliks moved up 2.27 per cent to Rs 708.40, Tata Communications advanced 2.11 per cent to Rs 602 and Tata Power gained 2.09 per cent to Rs 73.20. Further, Tata Motors, Tata Investment Corporation, Tata Elxsi, Tata Coffee, Tata Chemicals, Tata Sponge Iron, Tata Teleservices Maharashtra also ended in the positive territory. Meanwhile, Tata Consultancy Services (TCS) and Titan were the only losers. TCS fell 1.34 per cent to close at Rs 1,887.65 ahead of its June quarter earnings scheduled for tomorrow. Titan stock dropped by 1.08 per cent to settle at Rs 821.95. In a legal battle
Cyrus Mistry 'disappointed, not surprised' by NCLT ruling
Former Tata Group chairman Cyrus Mistry in a statement said he was "disappointed" but not surprised by the National Company Law Tribunal's (NCLT) dismissal of his petition."The ruling of the National Company Law Tribunal is disappointing although not surprising. We will continue to strive for ensuring good governance and protection of interests of minority shareholders and all stakeholders in Tata Sons from the wilful brute rule of the majority," a statement from the office of Cyrus Mistry read.The statement further noted that an appeal on merits will be pursued, along with matters like Air Asia, recovery of dues from Siva, non-closure of a loss-making Nano and a struggling resolution of Tata Steel Europe."Not only the facts that were under consideration but also subsequent facts and developments that continue to evidence oppression and mismanagement will be under scrutiny and will be pursued in full earnest," it added.Meanwhile, Tata Sons welcomed the NLCT ruling and added that the ..
'Disappointing', says Cyrus Mistry as NCLT upholds his sacking by Tata Sons (Roundup)
In a significant ruling, the National Company Law Tribunal (NCLT) on Monday upheld the October 24, 2016 decision of the Tata Sons Board of Directors dismissing its then Chairman Cyrus Mistry, which Mistry's office termed as "disappointing" hinting that they would approach the higher tribunal.
Shares jump on strong global cues
Key benchmark indices logged strong gains amid upbeat global stocks. The barometer index, the S&P BSE Sensex, rose 276.86 points or 0.78% to settle at 35,934.72. The Nifty 50 index rose 80.25 points or 0.74% to settle at 10,852.90. Global risk appetite improved after favourable US jobs data.
Sensex rises to five-month closing high
(Reuters) - Indian shares rose on Monday, with the benchmark BSE index posting a five-month closing high, driven by index heavyweights such as Reliance Industries Ltd and Infosys Ltd.
Long-term infrastructure bond could be worked out: Goyal
Union Finance Minister Piyush Goyal said on Monday a long-term infrastructure bond could be worked out to ensure better cash flow to projects.
Equity indices end higher on firm global cues; Sensex up 276 points
Broadly positive global cues along with healthy buying in banking, capital goods and metal stocks lifted the key Indian equity indices on Monday with the BSE Sensex gaining 276 points during the day.