Page 3364 - Business Finance
Robust demand lifts nickel futures by 0.66%
Supported by pick up in demand at domestic spot market, nickel prices edged up by 0.66 per cent to Rs 991 per kg in futures market today as speculators built up fresh positions. At the Multi Commodity Exchange, nickel for delivery in July traded higher by Rs 6.50, or 0.66 per cent to Rs 991 per kg in business turnover of 2,534 lots. On similar lines, the metal for delivery in August contracts gained Rs 5.60, or 0.57 per cent to Rs 994.70 per kg in 90 lots. Analysts said fresh positions created by participants due to upsurge in demand from alloy-makers in the physical market mainly influenced nickel prices at futures trade.
Indian Companies' Overseas Foreign Direct Investment Set to Rise - CII
Indian companies have been working with the local communities while investing abroad, generating substantial employment and creating benefits for the host economies, noted CII.
Sainsbury's sales growth slows in latest quarter
LONDON (Reuters) - Sainsbury's, Britain's second biggest supermarket group which agreed a 7.3 billion pound ($9.7 billion) takeover of rival Asda in April, saw sales growth slow in its latest quarter, reflecting price cuts in a competitive market.
Spot demand rises Mustard seed futures prices
Mustard seed prices rose Rs 29 to Rs 4,104 per quintal in futures trade today as traders built up fresh positions backed by emerging physical markets. Market players said, participants were making fresh positions, tracking robust spot markets trend, which described the uptrend in mustard seed futures prices. In the spot markets, acceleration in demand for oil mills along with pause in supplies from producing areas kept the prices northward. At the National Commodity and Derivatives Exchange, mustard seed delivery for August improved by Rs 29 or 0.71 per cent to Rs 4,104 per quintal, having an open interest of 76,850 lots. Similarly, the delivery of the immediate contract July pushed up by Rs 28 or 0.70 per cent to Rs 4,056 per quintal, having a business turnover of 80,530 open lots.
Copper moves up by 0.52% on higher demand
Copper prices rose by 0.52 per cent to Rs 448.05 per kg in futures market today as speculators built up fresh positions, taking positive cues from spot market on higher demand. At the Multi Commodity Exchange, copper for delivery in August rose by Rs 2.30, or 0.52 per cent to Rs 448.05 per kg in business turnover of 2,205 lots. In a similar fashion, the metal for delivery in November contracts was trading higher by Rs 2.05, or 0.45 per cent to Rs 453.95 per kg in 46 lots. Market analysts said fresh positions created by participants following uptick in demand from consuming industries in the physical markets, mainly pushed up copper prices.
Jeera futures climb 1.89% on pick-up in demand
Jeera prices went up by 1.89 per cent to Rs 18,725 per quintal in futures trade today as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries. Besides, tight stock positions following restricted arrivals from the growing regions fuelled the uptrend. At the National Commodity and Derivatives Exchange, jeera for delivery in July rose Rs 355, or 1.89 per cent, to trade at Rs 18,725 per quintal with an open interest of 3,552 lots. Likewise, the contract for August was trading higher by Rs 315, or 1.71 per cent, at Rs 18,790 per quintal as the open interest of contract stood at 3,573 lots. Traders said speculative positions built up by participants amid rising domestic as well as export demand led to the rise in jeera prices.
Ducon Infratechnologies receives order worth Rs 52 crore
Through US subsidiary Ducon Combustion Equipment Inc
Indo Count Industries Ltd leads gainers in 'A' group
Marksans Pharma Ltd, Avanti Feeds Ltd, Sobha Ltd and Laurus Labs Ltd are among the other gainers in the BSE's 'A' group today, 04 July 2018.
Services business activity upturns in June: Nikkei India Services PMI
Nikkei India Services Business Activity Index rises from 49.6 in May to 52.6 in June 2018
Aluminium futures gain 0.83% on rising demand
Aluminium prices moved up by 0.83 per cent to Rs 145.40 per kg in futures trade today as speculators raised their bets, tracking a firm trend at the spot market. At the Multi Commodity Exchange, aluminium for delivery in July edged up by Rs 1.20 or 0.83 per cent to Rs 145.40 per kg in business turnover of 398 lots. On similar lines, the metal for delivery in August contracts was trading higher by Rs 1.15, or 0.80 per cent to Rs 145.80 per kg in 10 lots. Analysts said widening of positions by participants on the back of surging demand from consuming industries in the physical market mainly led to rise in aluminium at futures trade.
Global Markets: Asian shares slip on trade war anxiety, yuan steadies
TOKYO (Reuters) - Asian stocks slipped on Wednesday on heightened anxieties about Sino-U.S. trade tensions ahead Washington's end-of-week deadline to impose tariffs on Chinese imports while the yuan rebounded after China's central bank moved to calm nervous investors.
BPCL buys U.S. Mars crude for Sept - sources
SINGAPORE (Reuters) - India's state-run Bharat Petroleum Corp has bought 2 million barrels of high-sulphur Mars crude oil from the United States for delivery in September, two industry sources said on Wednesday.
Sensex flat; investors cautious ahead of key events
(Reuters) - Indian shares were little changed on Wednesday, as investors booked profits in sectors such as information technology, and caution prevailed ahead of key events during the week.
Silver futures rise 0.30 pc on global cues
Tracking a firming trend overseas, silver prices traded higher by 0.30 per cent to Rs 39,828 per kg in futures trade today as speculators raised their bets. At the Multi Commodity Exchange, silver for delivery in September went up by Rs 118 or 0.30 per cent to Rs 39,828 per kg in business turnover of 357 lots. Likewise, the white metal for delivery in July contracts gained Rs 78 or 0.20 per cent to Rs 39,156 per kg in 5 lots. Market analysts said speculative position created by participants and a firm global trend influenced the silver prices. Meanwhile, silver rose 0.31 per cent to USD 16.05 an ounce in Singapore.
Gold futures rise 0.19% on positive global cues
Gold prices rose by 0.19 per cent to Rs 30,550 per 10 grams in futures trade today as speculators enlarged their positions, tracking a firming trend overseas. At the Multi Commodity Exchange, gold for delivery in August went up by Rs 57 or 0.19 per cent to Rs 30,550 per ten gram in business turnover of 239 lots. Similarly, the yellow metal for delivery in October was trading higher Rs 56 or 0.18 per cent to Rs 30,830 per ten gram in 13 lots. Market analysts said widening of positions by traders in sync with a firming global trend mainly influenced gold prices at futures trade. Globally, gold rose 0.31 per cent to USD 1256.20 an ounce in Singapore.
Indices pare intraday losses
The market pared losses in mid-morning trade as buying support emerged after good domestic macro economic data. At 11:22 IST, the barometer index, the S&P BSE Sensex, was down 16.70 points or 0.05% at 35,361.90. The Nifty 50 index was down 4.70 points or 0.04% at 10,695.20. However, negative cues from the other Asian indices continued to weigh on sentiment.
Forbes U30 Gautam Anand's Hubhopper raises strategic funding from VC Unit-E Ventures
Hubhopper - India's largest platform for Podcasts and Publishers, and the bridge that makes content easy, uniting consumers of varied content with content creators of all sizes and shapes under a managed interface - has recently raised a round of strategic funding from Unit-E Ventures.Hubhopper has had a dream run over the past several months, including being inducted into the prestigious Apple accelerator and cracking major partnerships with large Indian phone manufacturers and service providers, as well as implementing smart organic growth strategies that saw the product topping both Google Play and the App Store at the same time.Unsurprisingly, Gautam Anand, the company's Founder and CEO, was featured in Forbes' prestigious 30 Under 30 Asia list in 2018 in the Mass Media, Advertising and Marketing category. This latest achievement is indicative of his and the company's vision and progress.As Gautam explains, "The vision of this company is a simple one: making content easy in all ...
VST Tillers drops after poor sales in June
VST Tillers Tractors lost 2.27% to Rs 2,260 at 11:06 IST on BSE after the company reported slide in sales of power tillers and tractors in June 2018 over June 2017.
Uber in talks with Dubai's Careem to merge in Middle East: Bloomberg
(Reuters) - Uber Technologies is in preliminary talks with rival Careem to combine their Middle Eastern ride-hailing services, Bloomberg reported on Tuesday, citing three people familiar with the matter.
Saudi Aramco plans to change Asia crude oil price formula, adopt DME Oman - sources
SINGAPORE (Reuters) - Saudi Aramco plans to change the formula used to price its long-term crude oil sales to Asia starting from October, multiple trade sources said on Wednesday.