Page 3339 - Business Finance
US admitted 33,000 refugees in 2017
The US resettled 33,000 refugees in 2017, a roughly two-thirds drop from the figure of the previous year, which stood at 97,000, according to data from the UN High Commissioner for Refugees published in a report by US-based Pew Research Centre.
Fuel prices again rise, petrol at Rs 75.85 in Delhi
Fuel prices across the four metro cities rose for the second straight day on Friday after declining for over a month.
RSP registers "best-ever" production performance in Apr-Jun
Rourkela Steel Plant (RSP) has registered its "best-ever" production performance in "all major areas", including hot metal, in the first quarter of the 2018-19 fiscal. The plant produced a record 9,32,235 tonnes of hot metal in Q1, registering a growth of 28.1 per cent over the corresponding period last year, RSP said in a release. Earlier in the year, CEO Ashwini Kumar had conducted 'Goal Cascading Workshops' for major units of the plant. "The strategy has started achieving fruition as is evident from the performance of the plant in the first quarter of the fiscal," the release added.
MSP hike an eyewash, Centre's claim misleading: Agri experts
Agriculture experts and activists from Maharashtra have criticised the Centre for its "false and misleading" claim that the MSP of kharif crops has been hiked by 50 per cent. According to them, the government first reduced the input costs of supplements required for farming and then increased the MSP. They also said that the Centre considered all the input costs lower than what they were in the previous financial year, before raising the MSP. The decision to hike the MSP of 14 kharif (summer-sown) crops, including paddy, cotton and pulses, was recently taken by the Cabinet Committee on Economic Affairs (CCEA) meeting chaired by Prime Minister Narendra Modi. The MSP for eligible crops is announced by the Commission for Agricultural Costs and Prices (CACP). It has three different definitions of production costs- A2 (actual paid out cost), A2+FL (actual paid out cost plus imputed value of family labour) and C2 (comprehensive cost including imputed rent and interest on ...
ClearTax to simplify taxes for over 10 lakh salaried employees serviced by Excelity Global
Amid a wave of synergies in the digital space, ClearTax announced its partnership with Excelity Global to offer end-to-end income tax solutions to the lakhs of employees that use Excelity's software in India.The HR function has evolved drastically over the recent years. To attract and retain the best talents in the country, HR Managers have been offering competitive compensations and innovative benefits like transportation discounts, digital payment solutions and comprehensive health packages.Tax filing, however, has been a persistent issue employees face and HRs are constantly seeking solutions to help simplify the process. Excelity Global identified this gap and reached out to India's largest tax platform, ClearTax, to provide end-to-end tax filing solutions to their clients.ClearTax offers a bouquet of services that will include free online income tax filing, personalised CA-assisted tax filing plans and assistance in notice management. Other services entail free, round-the-clock ..
Gold rises on sustained jewellers' buying
Gold prices rose by Rs 110 to Rs 31,690 per ten grams on the back of persistent buying by local jewellers even as the precious metal weakened overseas. However, silver slipped by Rs 100 to Rs 40,500 per kg due to reduced offtake by industrial units and coin makers. Traders said increased buying by local jewellers at domestic spot market mainly kept gold prices higher, but a weak trend overseas capped the rise. Globally, gold fell 0.17 per cent to USD 1,255.20 an ounce and silver by 0.16 per cent to USD 16.01 an ounce in Singapore. In the national capital, gold of 99.9 per cent and 99.5 per cent purity surged by Rs 110 each to Rs 31,690 and Rs 31,540 per ten grams, respectively. It had gained Rs 220 in the previous two sessions. Sovereign, however, remained flat at Rs 24,800 per piece of eight grams. On the other hand, silver ready fell by Rs 100 to Rs 40,500 per kg, while weekly-based delivery climbed by Rs 680 to Rs 39,880 per kg on speculative buying. Silver coins, however, ...
Trump fires first volley in trade war with China
The US imposed punishing tariffs on Chinese imports today, the first shots in what Beijing called "the largest trade war in economic history" between the world's top two economies. At the stroke of midnight Washington time, the US implemented 25-percent duties on about $34 billion in Chinese machinery, electronics and high-tech equipment, including autos, computer hard drives and LEDs. Beijing said retaliatory measures "took effect immediately". China did not immediately release details of the counter-tariffs but has previously said it would match the US measures dollar-for-dollar. Today's tariffs could just be the opening skirmishes in the trade war, as US President Donald Trump has vowed to hit as much as $450 billion in Chinese goods, the vast majority of imports. Economists have warned that the tit-for-tat measures could throttle global growth and strike at the heart of the world trade system, causing shockwaves across the planet. Months of dialogue between the two economic ...
Global stocks, euro rise as shots fired in U.S.-China trade war
LONDON (Reuters) - The imposition of tariffs by the United States and China on billions of dollars of trade was absorbed calmly by markets on Friday with stocks edging higher and the euro climbing a three-week peak, but concerns about the conflict escalating capped gains.
East Coast Railway builds 6 limited height subways in less than five hours
The East Coast Railway has created a record of sorts by building six limited height subways (LHS) in less than five hours, according to Divisional Railway Manager of Sambalpur. With this,all unmanned level crossings over Sambalpur Division have been eliminated, he said today. "The sixsubways have been launched simultaneously in Sambalpur Division and completed in a single block of four and half hours on July 5," claimedDr. Jaydeep Gupta, DivisionalRailway Manager, EastCoast Railway, Sambalpur In view of the building of six LHSs, seven LC gates will be completely closed in Bhawanipatna-Lanjigarh Road Section of Kalahandi area of Odisha. "Launching of six LHSs in Sambalpur Division is a first of its kind not only in East Coast Railway, but also in the entire Indian Railways. "This was done in spite of the tremendous challenges involved in launching six LHSs in one go and despite the unfavourable monsoon weather conditions...This has set up a new milestone in the history of Indian ...
Godrej Industries Ltd drops for fifth straight session
The stock is quoting at Rs 598.65, down 1.16% on the day as on 13:19 IST on the NSE. Godrej Industries Ltd tumbled 9.12% in last one year as compared to a 11.7% rally in NIFTY and a 7.27% spurt in the Nifty FMCG index.
Weak smartphone sales hurt Samsung's record breaking earnings in Q2
Samsung Electronics Co on Friday said its second-quarter operating profit advanced 5.19 per cent from a year earlier, but it failed to post record-breaking earnings apparently due to weaker-than-expected smartphone sales.
Chinese shares extend weekly losses as U.S. tariffs kick in
SHANGHAI (Reuters) - China's stocks clawed back earlier losses on Friday but lengthened a string of weekly declines as Washington's tariffs on Chinese goods took effect, escalating the trade row between the world's two largest economies.
Robust demand lifts cardamom futures 2.57 pc
Cardamom prices rose by 2.57 per cent to Rs 1,079.90 per kg in futures trade today as speculators raised bets amid an increase in physical demand in the domestic spot market. Besides, tight stocks position on fall in arrivals from growing regions, fuelled the uptrend. At the Multi Commodity Exchange, cardamom for delivery in the current month went up by Rs 27.10, or 2.57 per cent, to Rs 1,079.90 per kg in a business turnover of just one lot. Similarly, the spice for delivery in August edged higher by Rs 12.90, or 1.24 per cent, to Rs 1,050 per kg with a trading volume of 16 lots. Traders said, widening of positions by participants driven by a surge in demand in the physical market against restricted supplies from producing regions attributed to the rise in cardamom prices in futures trade.
Bank of Baroda up for a third straight session
The stock is quoting at Rs 115.2, up 1.72% on the day as on 12:49 IST on the NSE. Bank of Baroda is down 28.25% in last one year as compared to a 11.67% spurt in NIFTY and a 13.28% spurt in the Nifty Bank index.
Stocks regain strength
Stocks once again extended gains in afternoon trade soon after trimming gains in early afternoon trade. At 13:15 IST, the barometer index, the S&P BSE Sensex, was up 151.71 points or 0.43% at 35726.26. The Nifty 50 index was up 44.65 points or 0.42% at 10,794.40. Intraday volatility was high.
Castor seed futures regain on short-covering
Castor seed prices rebounded by Rs 6 to Rs 4,346 per quintal in futures trade today on short covering of bets by participants, driven by rising physical markets. Market players said, traders preferred to recover their short selling on the back of rising prices in the spot markets, which led to an uptick in castor seed futures prices. In the spot markets, gearing up in demand for paint, soap and lubricant industries and pause in supplies boosted the trend, they said. At the National Commodity and Derivatives Exchange counter, castor seed delivery for July edged up by Rs 6, or 0.14 per cent, to Rs 4,346 per quintal, revealing an open interest of 49,030 lots. Also, the delivery for August inched up by the same margins and percentage to Rs 4,395 per quintal, in a business turnover of 1,06,830 lots.
LG Electronics says second-quarter profit likely up 16.1 percent, misses analyst estimates
SEOUL (Reuters) - South Korea's LG Eletronics Inc on Friday said operating profit likely rose 16.1 percent in April-June, albeit weighed down by higher marketing expenses for new products in its TV, smartphone and appliance divisions, analysts said.
Gold trims losses on soft dollar after U.S. tariffs take effect
BENGALURU (Reuters) - Gold prices narrowed losses on Friday as U.S. tariffs on Chinese imports weighed on the greenback, stoking fears of a full-blown trade war between the two leading economies.
As tariffs strike, U.S., China trade conflict escalates
BEIJING/WASHINGTON (Reuters) - U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, with Beijing saying it had no choice but to respond in kind, as the two trading giants escalated a bitter row.
Equity indices pare early losses to trade in green; Sensex up 150 points
Paring early losses, the key Indian equity indices traded in the green on Friday afternoon with the bechmark BSE Sensex gaining over 150 points.