Page 3351 - Business Finance
Wheat inches higher on scattered flour mill demand
Wheat prices traded marginally higher by Rs 5 per quintal at the wholesale grains market today on mild demand from flour mills against restricted arrivals from producing belts. However, other grains remained steady in thin trade. Traders said some demand from flour mills amid pause in supplies from growing regions helped wheat prices to trade marginally higher. In the national capital, wheat dara (for mills) edged up by Rs 5 to Rs 1775-1780 per quintal. Atta chakki delivery followed suit and traded higher by similar margin to Rs 1785-1790 per 90 kg. Atta flour mills and maida traded higher by Rs 5 each to Rs 965-975 and Rs 985-995 per 50 kg, respectively, in line with wheat trend. Following are today's quotations (in Rs per quintal): Wheat MP (desi) Rs 2,100-2,200, Wheat dara (for mills) Rs 1,775-1,780 Chakki atta (delivery) Rs 1,785-1,790, Atta Rajdhani (10 kg) Rs 230-260, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 965-975 (50 kg), Maida Rs 985-995 (50 kg) and Sooji Rs
Volumes jump at Security & Intelligence Services India Ltd counter
Security & Intelligence Services India Ltd witnessed volume of 2.18 lakh shares by 14:14 IST on NSE, a 28.89 times surge over two-week average daily volume of 7556 shares
Oil falls as Trump demands OPEC cut prices
LONDON (Reuters) - Oil fell on Thursday after U.S. President Donald Trump demanded OPEC cut crude prices, but the market found some support from an Iranian threat to block shipments through the Strait of Hormuz.
Linde, Praxair eye merger close this year after European sale
TOKYO/BERLIN (Reuters) - German industrial gases company Linde and peer Praxis are hoping to seal their merger this year, after agreeing to sell Praxair's European gases business to Japanese rival Taiyo Nippon Sanso Corp.
European shares advance as U.S. tariff suspension hopes boost autos
LONDON (Reuters) - European shares rose in early deals on Thursday as hopes over a softening in U.S. trade rhetoric lifted shares in car makers, though trading remained cautious ahead of a U.S. deadline to impose tariffs on Chinese goods.
In China, importers of U.S. goods prepare for impact of new tariffs
SHANGHAI (Reuters) - Alex Chen, 40, an importer of U.S. wines in Shanghai, knows what it's like to be pummelled by Chinese tariffs.
Gold firms up for 2nd session on sustained buying
Strengthening gains for the second straight session, gold prices today edged up by Rs 10 to Rs 31,580 per 10 grams at the bullion market on persistent buying by local jewellers amid a firm trend overseas. Silver prices too surged by Rs 690 to Rs 40,600 per kg backed by increased offtake by industrial units and coin makers. Traders said continued buying by local jewellers at the domestic spot market and a better trend overseas mainly kept gold prices higher. Globally, gold rose by 0.34 per cent to USD 1,256.50 an ounce and silver by 0.37 per cent to USD 16.06 an ounce in New York in yesterday's trade. In the national capital, gold of 99.9 per cent and 99.5 per cent purity moved up by Rs 10 each to Rs 31,580 and Rs 31,430 per 10 grams, respectively, The precious metal had gained Rs 210 yesterday. Sovereign, however, remained unaltered at Rs 24,800 per piece of eight grams in limited deals. In line with gold, silver ready jumped up by Rs 690 to Rs 40,600 per kg, while weekly-based ...
Sensex, Nifty turn flat
The market was flat in mid-afternoon trade. At 14:20 IST, the barometer index, the S&P BSE Sensex, was up 2.05 points or 0.01% at 35,647.45. The Nifty 50 index was flat at 35,647.45. Investors were cautious ahead of a deadline when tariffs from the US and China are due to be enforced.
Yes Bank vaults after getting approval to launch MF business
Yes Bank surged 4.04% at Rs 349.05 at 14:10 IST on BSE after the bank announced that it has received the approval from Sebi to commence its mutual fund business.
Malaysia investigates China-backed project links with 1MDB: official
KUALA LUMPUR (Reuters) - Malaysia is investigating whether part of a loan from a Chinese state-owned bank for projects worth $2.3 billion was used to help repay dues of a scandal-ridden state fund, a finance ministry official told Reuters.
UK new car sales drop 3.5 percent in April - industry data
LONDON (Reuters) - British new car registrations fell by an annual 3.5 percent in June, dragged down by a sharp drop in sales of diesel-powered cars, industry figures showed on Thursday.
Debt curbs likely hit China's second-quarter GDP growth as trade war looms
BEIJING (Reuters) - China's second-quarter economic growth is expected to have slowed slightly from the previous quarter, a Reuters poll showed, as the government's efforts to tackle debt risks crimp activity and a looming U.S. trade war threatens exports.
Karnataka waives Rs 34,000 cr farm loans
Karnataka on Thursday waived farm loans totalling Rs 34,000 crore, giving relief to distressed farmers across the state.
Tata Motors-owned JLR warns against a bad Brexit deal
Tata Motors-owned Jaguar Land Rover has issued a stark warning against a "bad Brexit deal", saying it could hit the Britain's biggest carmaker's annual profits by over 1.2 billion pounds and may even force an exit from the UK. Britain is set to exit the 28-member European Union in March next year. "A bad Brexit deal would cost Jaguar Land Rover (JLR) more than 1.2 billion pounds profit each year. As a result, we would have to drastically adjust our spending profile," JLR CEO Ralf Speth warned in a statement yesterday, as British Prime Minister Theresa May prepared for a crucial meeting with her Cabinet at her country retreat of Chequers to hammer out the contours of a new post-Brexit customs arrangement with the European Union (EU) tomorrow. "I don't want to threaten anybody, but we have to make transparent the implications of the move. We want to stay in the UK. Jaguar Land Rover's heart and soul is in the UK," he said. "We urgently need greater certainty to continue to invest ...
Glencore gives shares $1 billion buyback lift after U.S. subpoena
(Reuters) - Commodities trader and miner Glencore will buy back shares worth $1 billion in a move analysts said looked timed to soothe investor nerves just two days after a subpoena from U.S authorities rattled the stock.
China's bold ethanol push in doubt as U.S. trade dispute widens
BEIJING/CHICAGO (Reuters) - China's ambitious push to use biofuel in cars nationwide by 2020 is in doubt amid concerns about supplies of raw material such as corn, complicated by an escalating trade dispute with Washington, producers and analysts say.
Market hovers near flat line
Stocks hovered near the flat line in afternoon trade amid a divergent trend among various index constituents. At 13:26 IST, the barometer index, the S&P BSE Sensex, was down 2.72 points or 0.01% at 35,642.68. The Nifty 50 index was down 3.95 points or 0.04% at 10,765.95. Shares of index heavyweights ITC and HDFC gained. However, shares of index heavyweight Infosys dropped. Investors were cautious ahead of a deadline when tariffs from the US and China are due to be enforced.
Oracle Financial Services Software Ltd eases for fifth straight session
The stock is quoting at Rs 3880, down 1.05% on the day as on 13:19 IST on the NSE. Oracle Financial Services Software Ltd jumped 6.87% in last one year as compared to a 11.27% rally in NIFTY and a 37.58% spurt in the Nifty IT index.
Singapore watchdog says Grab-Uber deal hurts competition, proposes fines
SINGAPORE (Reuters) - Singapore's anti-trust body proposed fines on Grab and Uber Technologies and warned it may have to unwind the two ride-hailing firms' merger as the deal substantially lessened competition.
Maruti Suzuki India Ltd spurts more than one percent
The stock is quoting at Rs 9314.5, up 1.02% on the day as on 12:49 IST on the NSE. Maruti Suzuki India Ltd is up 24.62% in last one year as compared to a 11.27% jump in NIFTY and a 1.52% jump in the Nifty Auto index.