Page 3338 - Business Finance
NMSCDCL bags Work Order in Nashik
On 06 July 2018
'Rural sops to continue in election run-up, farm debt waivers
Need to quell unrest ahead of the crucial general elections next year will result in more farmer- friendly sops, and the farm debt waivers alone will top over USD 40 billion or 1.5 per cent of GDP, a report said today. "We continue to expect the governments - centre and states - to take proactive steps to quell rural unrest in the run up to the 2019 elections. It is for this reason we see farm loan waivers rising to USD 40 billion by then," analysts at Bank of America Merill Lynch (BofAML) said in a note. The note from the American brokerage comes a day after the newly formed Karnataka government announced a farm loan waiver which will cost up to USD 5 billion and two days after the centre announced a steep hike in minimum support prices (MSP) for procuring food grains. In the last few months, there have been debt waiver announcements by the governments in Maharashtra and Uttar Pradesh, among others. The RBI has been opposed to such moves for wrecking credit ...
Refer to these companies for for secure payments
In the age of digitization, businesses are setting their shops online. However, for a successful online stint, partnering with a payment gateway that is robust, scalable and fully secured is paramount.Integrating the right payment gateways helps businesses invite cross border transactions, minimize a loss of reputation stemming from payment failures and ensure a responsive, consistent and secured payment processing.Since a lot is at stake, it is important for businesses to discover the best from the available alternatives.To the same end, here's listing the top 5 payment gateways that make security a priority:Telr SecureTelr is a leading payment gateway offering a set of unified APIs and tools that instantly enable businesses to accept and manage online payments via web, mobile and social media like Instagram, Facebook and more.The payment gateway recently launched Telr Secure, making security a top priority for enterprises.With Telr Secure, the payment gateway monitors transactions ..
Office-bearers elected for CODISSIA
Coimbatore District Small Industries Association (CODISSIA) has appealed to the Centre to implement the Small Factories Act at the earliest and effective single window clearance for all approvals for MSMEs. A resolution to this effect was passed at the association's 49th annual general meeting here last night. A new team of office-bearers was elected on the occasion. R Ramamurthy and P S Devaraj were elected president and secretary respectively while R Sasidaran was chosen as treasurer, a release said. The association sought steps for effective single window clearance for all approvals for MSMEs including clearance for land conversion and in a stipulated period of 30 days. It said a committee should be formed by the Centre to regulate the 20 per cent compulsory purchase obligation of PSUs, Defence and Railways from MSME units and sought subsidies for expansion and modernisation of the sector. Skill development centres all over India should be set up to help MSMEs to ...
MEP Infra advances after getting LoA from NHAI
MEP Infrastructure Developers rose 1.67% to Rs 63.80 at 14:51 IST on BSE after the company received the letter of acceptance from NHAI.
Japan unveils bullish GDP growth estimates for FY2019
TOKYO (Reuters) - Japan's government forecast on Friday the economy will grow faster than private-sector projections in fiscal 2019, with exports, domestic private consumption and capital spending expected to offset the hit from a planned sales tax hike.
Phygicart to enter Indian e-commerce space; to invest Rs. 100 crore
UAE-based e-commerce-cum-direct marketing firm Phygicart is all set to enter in the Indian e-commerce space with an investment worth Rs. 100 crore in the first phase.After head-starting its businesses in the Gulf countries, the company's foray in India is a part of Phygicart's plans to expand operational footprint across seven countries by 2022, including the US and Nepal, and to rake in USD 1 billion in turnover.Started by entrepreneurs Anish K. Joy and Jolly Antony in 2016, the firm now has more than 20,000 partner stores across all the seven Emirates.The investment would be used to make our own products for which we are planning to set up an assembling unit in Ahmedabad, build our brand and enter into tie-ups with other brands."We are in various stages of discussions to takeover certain other brands. The model enables an individual to become a consumer and also a partner simultaneously, while we would be also sharing the profits with our partners. The initiative is also to provide .
Palmolein, groundnut oils soften on sluggish demand
Prices of palmolein and groundnut oil fell by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers. However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at last levels. Traders said, besides easing demand from retailers, adequate stocks position mainly attributed the slide in palmolein and groundnut oil prices. In the national capital, palmolein (RBD) and palmolein (Kandla) oils went down by Rs 50 each to Rs 7,000 and Rs 7050 per quintal, respectively. Groundnut mill delivery (Gujarat) oil also traded lower by a similar margin to Rs 8,400 per quintal. Following are today's quotations (in Rs per quintal): Oilseeds: Mustard seed Rs 2,950-3,050 and Groundnut seed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 800-1,000. Edible oils: Groundnut mill delivery (Gujarat) Rs 8,400, Groundnut Solvent Refined (per tin) Rs 1,720-1,820, Mustard expeller (Dadri) Rs 7,800, Mustard Pakki Ghani (per tin)
Hathway Cable & Datacom Ltd leads losers in 'A' group
Den Networks Ltd, Vakrangee Ltd, Kwality Ltd and Jubilant Foodworks Ltd are among the other losers in the BSE's 'A' group today, 06 July 2018.
Hong Kong Hang Seng bounces 0.47%
There was a level of calm on Asian markets after Trump's tariffs began on Chinese products. The United States tariffs on Chinese exports began from Friday, 06 July 2018. China's customs department informed markets on Thursday that China's retaliatory tariffs on US goods will take effect immediately after US tariffs on Chinese imports kick in. The Trump administration has levied a 25% tariff on $34 billion in Chinese goods, while the Chinese government has retaliated by announcing tariffs on the same value of U.S. goods.
China: Stocks rebound; lead by companies reliant on domestic consumers
Chinese equity markets have taken a knock in recent weeks, with the benchmark Shanghai composite wallowing in bear market territory since last week.
Australia Market gains 0.9% on materials, financials
Market topside was, however, capped as investors were concerns over the negative implications of the US set to impose tariffs on Chinese imports later in global day that many investors fear might trigger a full-scale trade war in a blow to the global economy.
Echostar seeks $3.2 billion bid talks with Inmarsat as deadline looms
LONDON (Reuters) - U.S. satellite group EchoStar urged Britain's Inmarsat to open talks about a takeover approach worth $3.2 billion to shareholders just hours before a deadline for the American company to make a firm offer was due to expire.
Oil slips towards $77 as Saudi boost, trade tensions weigh
LONDON (Reuters) - Oil slipped towards $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, although oil supply disruptions lent support.
Mercedes-Benz posts record half-yearly sales in India, up 12.4%
German luxury car maker Mercedes-Benz today reported 12.4 per cent increase in its half-yearly sales in India at 8,061 units strengthening its leadership position. In the January-June period last year the company had sold 7,171 units, Mercedes-Benz India said in a statement. The sales growth also marks the brand's highest ever half-yearly volumes in India, it added. Mercedes-Benz India Managing Director and CEO Roland Folger said, "Our sales performance is in line with our expectation despite last year's extraordinary demand in Q2, owing to the anticipation of GST implementation." The strong sales growth in January-June 2018 is aided by the new generation cars, the sedans, SUVs and the AMG performance cars, the company said. Mercedes-Benz India said its SUV sales grew by 15.9 per cent in the Jan-June 2018 period. We want to continue our leadership position in the Indian luxury car market, upholding the number one position for the last three years," Folger said. He further said, "With .
Kanani Industries Ltd leads losers in 'B' group
Metkore Alloys & Industries Ltd, High Ground Enterprise Ltd, Weizmann Ltd and Williamson Magor & Company Ltd are among the other losers in the BSE's 'B' group today, 06 July 2018.
Sobha jumps after robust Q1 sales
Sobha gained 4.37% to Rs 497.70 at 14:28 IST on BSE after the company reported robust sales growth in Q1 June 2018.
Volumes soar at J K Cements Ltd counter
J K Cements Ltd clocked volume of 2.69 lakh shares by 14:14 IST on NSE, a 16 times surge over two-week average daily volume of 16789 shares
Japan Nikkei rebounds 1.12% on bargain hunting
There was a level of calm on Asian markets after Trump's tariffs began on Chinese products. The United States tariffs on Chinese exports began from Friday, 06 July 2018. China's customs department informed markets on Thursday that China's retaliatory tariffs on US goods will take effect immediately after US tariffs on Chinese imports kick in. The Trump administration has levied a 25% tariff on $34 billion in Chinese goods, while the Chinese government has retaliated by announcing tariffs on the same value of U.S. goods.
Auto stocks in demand
Key benchmarks trimmed gains in mid-afternoon trade. At 14:21 IST, the barometer index, the S&P BSE Sensex, was up 179.72 points or 0.51% at 35,754.27. The Nifty 50 index was up 52.65 points or 0.49% at 10,802.40.