Page 3363 - Business Finance
Opel workers reject possible sale of R&D business
DUESSELDORF, Germany (Reuters) - Opel's labour representatives said they would fight any plans to sell all or parts of the carmaker's research and development business, following a media report that parent PSA Group and Opel had already sounded out possible buyers.
NEC to provide solutions to develop 'smart cities' in India
In recent years, emerging countries have faced serious traffic congestion problems due to the rapid increase of cars, as well as various issues with transportation.NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world.It announced that NEC Laboratories India was established in July 2018 within NEC Technologies India Private Limited.These new laboratories aim to launch new business utilizing local know-how and big data, which are acquired through existing businesses and partnerships, such as the system integration for the Bus Rapid Transit (BRT) systems in India and logistics visualization services.Takayuki Inaba, an official of NEC India, said, "The global policy of entire NEC group is business specializing in solutions related to the foundations of "Safer Cities". Especially in India, we provide Wireless Solutions, and as of recently offer BRT (Bus Rapid Transit), including bus location management and fare ...
Exclusive: China to be less interventionist on yuan than in 2015 - sources
BEIJING (Reuters) - China is comfortable with a weakening yuan, intervening only to prevent any rapid and destabilising declines or to restore market confidence, as the economy loses momentum and faces further risks from a heated trade dispute with the United States, policy insiders said.
Dr Reddys Laboratories Ltd rose for a third straight session today
The stock is quoting at Rs 2321.5, up 2.1% on the day as on 12:49 IST on the NSE. Dr Reddys Laboratories Ltd is down 12.89% in last one year as compared to a 11.25% gain in NIFTY and a 1.67% gain in the Nifty Pharma index.
Cadila Healthcare Ltd gained for a third straight session today
The stock is quoting at Rs 395.1, up 2.16% on the day as on 12:49 IST on the NSE. Cadila Healthcare Ltd is down 23.62% in last one year as compared to a 11.25% spurt in NIFTY and a 1.67% spurt in the Nifty Pharma index.
Bajaj Holdings & Investment Ltd is up for a third straight session in a row
The stock is quoting at Rs 2929.9, up 1.17% on the day as on 12:49 IST on the NSE. Bajaj Holdings & Investment Ltd is up 36.2% in last one year as compared to a 11.25% gain in NIFTY and a 14.66% gain in the Nifty Financial Services index.
TVS Motor Company Ltd is up for a third straight session in a row
The stock is quoting at Rs 569.4, up 1.47% on the day as on 12:49 IST on the NSE. TVS Motor Company Ltd is up 4.04% in last one year as compared to a 11.25% spurt in NIFTY and a 1.41% spurt in the Nifty Auto index.
Amara Raja Batteries Ltd rose for a third straight session today
The stock is quoting at Rs 775.8, up 1.76% on the day as on 12:49 IST on the NSE. Amara Raja Batteries Ltd is down 8.55% in last one year as compared to a 11.25% gain in NIFTY and a 1.41% gain in the Nifty Auto index.
Chinese tariffs on U.S. goods take effect at start of July 6 - source
BEIJING (Reuters) - China's threatened tariffs on $34 billion of U.S. goods will take effect from the beginning of the day on July 6, a person with knowledge of the plan told Reuters, amid worsening trade tensions between the world's two largest economies.
Motherson Sumi Systems Ltd gained for a fifth straight session today
The stock is quoting at Rs 295, up 0.84% on the day as on 12:44 IST on the NSE. Motherson Sumi Systems Ltd is down 3.42% in last one year as compared to a 11.28% jump in NIFTY and a 1.39% jump in the Nifty Auto.
Fiorano Software and 3i Infotech announce a partnership
Fiorano Software, a leading provider of enterprise integration middleware and 3i Infotech, a global information technology company, today announced a strategic partnership to deliver Business Productivity and Digital Transformation solutions for the enterprise segment."3i Infotech values the partnership with Fiorano Software as strategic and important to support our current growing initiatives. This collaboration will enable us to provide more efficient experiences to our customers by reducing complexity, infusing speed and thereby improving their seamless journey in their Digital Transformation program," said Mohua Sengupta, EVP and Global Head of Services, 3i Infotech.With Fiorano Software's innovative features to integrate heterogeneous business applications and multi-vendor technology infrastructures and 3i Infotech's unique solutions portfolio comprising well-defined frameworks to meet evolving digital needs, the emphasis will be on addressing new technology challenges and ...
Board of Capri Global Capital appoints MD
At meeting held on 04 July 2018
Oil inches up on tighter U.S. supply, looming Iran sanctions
SINGAPORE (Reuters) - Oil prices edged up on Wednesday following a report of tightening U.S. fuel inventories amid an outage at Syncrude Canada oil sands facility in Alberta, which usually supplies the United States.
Zinc futures rise 0.52% as demand picks up
Zinc prices were up by 0.52 per cent at Rs 193.30 per kg in the futures trade today as participants built up fresh positions after pick up in demand at the spot markets. At the Multi Commodity Exchange, zinc for delivery in August rose by Re 1 or 0.52 per cent to Rs 193.30 per kg in business turnover of 153 lots. Likewise, the metal for delivery in July contracts was traded higher by 75 paise or 0.39 per cent to Rs 193.60 per kg in 2,213 lots. Analysts said fresh positions created by traders following uptick in demand from consuming industries in the physical markets, mainly helped zinc prices to trade higher at futures trade.
Sensex, Nifty hit fresh intraday high
The key barometers extended recovery and hit fresh intraday high in early afternoon trade. At 12:16 IST, the barometer index, the S&P BSE Sensex, was up 64.46 points or 0.18% at 35,443.06. The Nifty 50 index was up 16.90 points or 0.16% at 10,716.80. However, negative cues from the other Asian indices continued to weigh on the sentiment.
Ducon Infratechnologies Ltd leads gainers in 'B' group
Shree Rama Newsprint Ltd, Aanchal Ispat Ltd, Automotive Stampings & Assemblies Ltd and Premier Polyfilm Ltd are among the other gainers in the BSE's 'B' group today, 04 July 2018.
Mentha oil futures slip on profit-booking
Mentha oil futures fell 2.19 per cent to Rs 1,290 per kg today as speculators booked profits at prevailing levels amid fall in demand at the spot market. Besides, adequate stocks position on higher supplies from major producing belt of Chandausi in Uttar Pradesh fuelled the downtrend. At the Multi Commodity Exchange, mentha oil for delivery in July declined by Rs 28.90, or 2.19 per cent, to Rs 1,290 per kg in a business turnover of 499 lots. Likewise, the oil for delivery in July traded lower by Rs 14.40, or 1.08 per cent, at Rs 1,322 per kg in 123 lots. Analysts said besides profit-booking by participants, fall in demand from consuming industries at spot market against ample stocks position weighed on mentha oil futures.
Wheat futures up 0.38% on speculative buying
Wheat prices went up by 0.38 per cent to Rs 1,827 per quintal in futures trade today as speculators made fresh bets. At the National Commodity and Derivatives Exchange, wheat for delivery in July rebounded by Rs 7 or 0.38 per cent to Rs 1,827 per quintal with an open interest of 5,280 lots. Analysts said fresh positions created by traders after improved demand in the physical market amid a pause in arrivals from producing belts influenced wheat prices at futures trade.
Castor seed futures remain higher by 1.89 pc
Castor seed prices spurted for the second straight session, adding 1.89 per cent to Rs 4,269 per quintal in futures trade today on unabated accumulation of holdings by the investors, spurred by strong physical leads. Market players said, investors were indulged in enlarging holdings, driven by upbeat physical markets sentiment, boosting the castor seed futures prices. In the spot markets, brisk demand for soap, paint and lubricant industries amid halt in arrivals from growing belts held the prices in the green zone, they added. At the National Commodity and Derivatives Exchange, castor seed delivery for July hardened by Rs 79 or 1.89 per cent to Rs 4,269 per quintal, with an open interest of 56,340 lots. Likewise, the castor seed delivery of the most traded August contract flared up by Rs 80 or 1.89 per cent to Rs 4,320 per quintal, with a business turnover of 95,850 lots.