Page 3352 - Business Finance
Japan's Taiyo Nippon Sanso to buy some Praxair European assets for $5.9 billion
TOKYO (Reuters) - Japanese industrial gas company Taiyo Nippon Sanso Corp said on Thursday it had agreed to buy part of the European businesses of Praxair Inc for 5 billion euros ($5.9 billion) in a move aimed at boosting its global competitiveness.
Bajaj Finserv Ltd rises for a third straight session
The stock is quoting at Rs 6104.15, up 1.18% on the day as on 12:49 IST on the NSE. Bajaj Finserv Ltd is up 47.03% in last one year as compared to a 11.27% jump in NIFTY and a 15.22% jump in the Nifty Financial Services index.
Hero MotoCorp Ltd is up for a third straight session in a row
The stock is quoting at Rs 3504.25, up 1.31% on the day as on 12:49 IST on the NSE. Hero MotoCorp Ltd is down 5.94% in last one year as compared to a 11.27% spurt in NIFTY and a 1.52% spurt in the Nifty Auto index.
Bosch Ltd gained for a third straight session today
The stock is quoting at Rs 17800, up 1.66% on the day as on 12:49 IST on the NSE. Bosch Ltd is down 25.17% in last one year as compared to a 11.27% spurt in NIFTY and a 1.52% spurt in the Nifty Auto index.
Bajaj Finance Ltd gains for a fifth straight session
The stock is quoting at Rs 2341.3, up 0.42% on the day as on 12:44 IST on the NSE. Bajaj Finance Ltd is up 67.32% in last one year as compared to a 11.32% jump in NIFTY and a 15.21% jump in the Nifty Financial Services.
General Insurance Corporation of India gain for a fifth straight session
The stock is quoting at Rs 756.05, up 0.59% on the day as on 12:44 IST on the NSE. General Insurance Corporation of India is down 13.53% in last one year as compared to a 11.32% spurt in NIFTY and a 15.21% spurt in the Nifty Financial Services.
MRF Ltd up for fifth straight session today
The stock is quoting at Rs 75912, up 0.02% on the day as on 12:44 IST on the NSE. MRF Ltd is up 8.03% in last one year as compared to a 11.32% jump in NIFTY and a 1.55% jump in the Nifty Auto.
ZTE taps in-house executive as new CEO
After being hit by American sanctions, Chinese multinational telecommunications equipment and systems giant ZTE has roped in Xu Ziyang, an in-house executive with experience in product research and operations, to serve as its new CEO.
Copper futures down 0.38% on low demand, global cues
Copper prices moved down by 0.38 per cent to Rs 442.30 per kg in futures trade today as speculators trimmed positions, easing demand at domestic spot market amid weak global cues. At the Multi Commodity Exchange, copper for delivery in November fell by Rs 1.70, or 0.38 per cent, to Rs 442.30 per kg in a business turnover of 139 lots. Likewise, the metal for delivery in August contracts shed Rs 1.40, or 0.32 per cent, to Rs 436.45 per kg in 1,027 lots. Analysts said cutting down of positions by traders on the back of slump in demand from consuming industries and a weak trend overseas weighed on copper prices in futures trade.
Equity indices flat on weak Asian cues; consumer durables, IT stocks fall
The key Indian equity indices traded on a flat-to-negative note on Thursday afternoon tracking weak benchmark Asian markets.
Hindustan Unilever Ltd rose for a fifth straight session today
The stock is quoting at Rs 1687.75, up 0.7% on the day as on 12:44 IST on the NSE. Hindustan Unilever Ltd is up 54.49% in last one year as compared to a 11.32% gain in NIFTY and a 6.38% gain in the Nifty FMCG.
Karnataka waives Rs 34,000 crore farm loans
The Karnataka government on Thursday waived farm loans up to Rs 34,000 crore, giving relief to lakhs of farmers across the state.
LoanTap closes third round of funding; raises USD 6.25 Mn
FinTech company LoanTap on Thursday announced raising funds worth USD 6.25 million by Shunwei Capital amongst others.After closing its latest round of funding, LoanTap has cumulatively raised over USD 20 million in Debt and Equity. It plans to leverage an additional USD 30 million in debt this year.LoanTap has merged traditional banking risk management with the agility of a FinTech startup to create a customer-centric lending Experience. With an in-house NBFC and a seamless web experience, LoanTap has played on Innovative Product Design and best-in-class Time-to-Disbursement to carve a niche for itself in the Salaried Segment."Unlike other FinTech startups we are focused on a profitable Loan Book. Even with experimentation, we have been able to keep our cash burn to a minimum and were able to become profitable in the second year of business itself," said Executive Director LoanTap, Satyam Kumar."We are also rolling out three 'Do it Yourself' products in the Personal Loan Space and two
Oil falls as Trump urges OPEC to cut prices, market anticipates China/US trade tariffs
SINGAPORE (Reuters) - Oil prices fell on Thursday after U.S. President Donald Trump sent a strident tweet demanding that OPEC cut prices for crude.
Wheat futures gain on rising demand
Wheat prices advanced by 0.27 per cent to Rs 1,841 per quintal in futures trading today as speculators raised bets on the back of pick up in demand at the spot market. At the National Commodity and Derivatives Exchange, wheat for delivery in July rose by Rs 5, or 0.27 per cent, to Rs 1,841 per quintal with an open interest of 4,630 lots. Likewise, the wheat for delivery in August contracts gained Rs 4, or 0.22 per cent, to Rs 1,854 per quintal in 5,230 lots. Analysts said expansion of positions by traders due to pick-up in demand in the physical market and a pause in arrivals from producing belts, kept wheat prices higher in futures trade.
Guar seed futures rise on spot demand
Guar seed prices rise by Rs 25 to Rs 4,052 per quintal in futures trade today as traders enhanced holdings supported by upbeat physical markets cues. Market players said, building up of bets by traders in line with rising prices at the spot market due to tight supplies amid brisk demand from guar gum makers, led to the up tick in guar seed futures prices. At the National Commodity and Derivatives Exchange, guar seed delivery for the October contract gained by Rs 25, or 0.62 per cent, to Rs 4,0542 per quintal, with an open interest of 64,060 lots. Likewise, the delivery of the current contract July enquired higher by Rs 22, or 0.57 per cent, to Rs 3,908 per quintal with an open interest stood of 40,020 lots.
Castor seed futures fall on weak spot leads
Castor seed prices came down by Rs 9 to Rs 4,276 per quintal in futures trade today on profit booking by speculators, guided by subdued physical markets sentiments. Market players said, traders preferred to book profits at higher levels, tracking lower physical markets cues, which led to the fall in castor seed futures prices. In the spot market, withdrawal of support from consuming industries such as soap, paint and lubricant amid mounting of stocks on increased supplies from growing areas kept the prices lower, they added. At the National Commodity and Derivatives Exchange, castor seed delivery for the immediate July contract decreased by Rs 9, or 0.21 per cent, to Rs 4,276 per quintal in an open interest of 51,520 lots. The delivery of August contract also fell by Rs 6, or 0.14 per cent, to Rs 4,329 per quintal in a business turnover of 1,02,560 open lots.
Silver futures slip 0.24% on weak overseas cues
Taking negative cues from the global market, silver prices traded lower by 0.24 per cent to Rs 39,822 per kg in futures trade today as speculators cut their bets. At the Multi Commodity Exchange, silver for delivery in September fell by Rs 97, or 0.24 per cent, to Rs 39,822 per kg in a business turnover of 555 lots. Likewise, the white metal for delivery in July contracts shed Rs 20, or 0.05 per cent, to Rs 39,200 per kg in 4 lots. Analysts said the weakness in silver prices at futures trade was mostly due to offloading of positions by participants in tandem with a weak trend overseas. Globally, silver fell 0.25 per cent to USD 16.02 an ounce in Singapore.
China second-quarter economic growth seen slowing 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.
Cardamom futures trade 1.56 pc higher
Cardamom prices rose 1.56 per cent to Rs 1,042 per kg in futures trading today as participants built up fresh positions amid pick up in demand. Tight stocks position on fall in arrivals from growing regions supported the upside. At the Multi Commodity Exchange, cardamom for delivery in August contract was trading higher by Rs 16, or 1.56 per cent, to Rs 1,042 per kg in a business turnover of 6 lots. The far-month September contract of the spice traded higher by Rs 12.70, or 1.26 per cent, to Rs 1,022 per kg with trading volume of 4 lots. Analysts said fresh positions created by traders due to pick-up in demand in spot market pushed up cardamom prices.