Page 34 - Business Finance
Larsen & Toubro gains after order win
Larsen & Toubro was up 0.24% to Rs 1508.50 at 13:01 IST on the BSE after the company said its construction arm secured orders from clients in Sri Lanka and from within India.
Asian markets extend global rally as Trump fuels trade deal hope
Asian markets rallied Wednesday after Donald Trump hailed "very good" phone talks with Xi Jinping and said they would meet at the G20 next week, renewing hopes of a deal to end a painful China-US trade war that has jolted the global economy. The US president's comments provided a much needed boost to investors after a month of volatility sparked by his shock decision to hit China with fresh tariffs, ending months of apparently positive negotiations. Adding to the upbeat mood were comments from the European Central Bank head Mario Draghi hinting at a cut in interest rates to support the stuttering eurozone economy. Also, the Federal Reserve is due to end its latest policy meeting later Wednesday, with dealers hoping for some idea about its own plans for rates. After a healthy lead from Wall Street, the vast majority of Asia's markets posted gains of at least one percent -- with Hong Kong leading the way by jumping more than two percent. Tokyo ended 1.7 per cent higher, Shanghai added ..
Cash-rich, time-poor Indians opting to travel more frequently, says Thomas Cook
India has grown into a spender's economy and with travel being leveraged as a clear status symbol, travel and financial services company Thomas Cook said on Wednesday.As a result, holidays are on the rise. Thomas Cook India said it witnessed a definitive growth of over 25 per cent with today's cash-rich but time-poor generation opting for travel to bond with their families.Parent-child bonding tours are in high demand, resulting in a surge of theme park holidays with outdoor adventure, music and culture tourism besides sports tourism being a significant driver.The resultant demand has seen growth in destinations like Singapore, Dubai-Abu Dhabi, France, Hong Kong, Britain, Orlando (United States), New Zealand and newer destinations like Seychelles.At the same time, travellers are leap-frogging the transition from a single long annual vacation to multiple short recurring holidays or micro-breaks. Work-weary business travellers are increasingly opting for short travel breaks to relax and
PSU OMCs decline as crude oil price increases
Shares of three state-run oil marketing companies fell 1.62% to 2.84% at 13:50 IST on BSE after Brent crude prices firmed up in international market.
Zinc futures shed 0.24 pc on tepid demand
Zinc prices fell 0.24 per cent to Rs 223.65 per kg in futures trade Wednesday as speculators reduced their exposure, taking negative cues from the spot market on fading demand. At the Multi Commodity Exchange, zinc contracts for June delivery declined by 50 paise, or 0.24 per cent, to Rs 223.65 per kg in a business turnover of 4,655 lots. Similarly, zinc for July delivery traded lower by 90 paise, or 0.44 per cent, at Rs 203.60 per kg in 1,544 lots. Analysts said cutting down of positions by traders due to easing demand from consuming industries at the spot market mainly weighed on zinc prices here.
United Spirits Ltd drops for fifth straight session
United Spirits Ltd is quoting at Rs 524.85, down 1.95% on the day as on 13:24 IST on the NSE. The stock tumbled 21.32% in last one year as compared to a 8.72% rally in NIFTY and a 3.68% spurt in the Nifty FMCG index.
Hindustan Unilever Ltd slips for fifth straight session
Hindustan Unilever Ltd is quoting at Rs 1807.15, down 0.14% on the day as on 13:24 IST on the NSE. The stock jumped 12.78% in last one year as compared to a 8.72% rally in NIFTY and a 3.68% spurt in the Nifty FMCG index.
IDFC First Bank Ltd eases for fifth straight session
IDFC First Bank Ltd is quoting at Rs 40.65, down 0.73% on the day as on 13:24 IST on the NSE. The stock tumbled 3.67% in last one year as compared to a 8.72% rally in NIFTY and a 14.91% spurt in the Nifty Bank index.
Crude oil futures up 1.15 pc on positive demand
Crude oil futures rose 1.15 per cent to Rs 3,775 per barrel Wednesday after participants widened their bets, tracking a firm domestic trend. On the Multi Commodity Exchange, crude oil contracts for June delivery traded higher by Rs 43, or 1.15 per cent, at Rs 3,775 per barrel with a business turnover of 15,174 lots. Marketmen attributed the rise in crude oil futures to raising of bets by traders in tandem with firm overseas sentiments. Globally, West Texas Intermediate crude was up 0.20 per cent to USD 54.01 per barrel, while Brent crude, the international benchmark, traded 0.19 per cent higher at USD 62.26 per barrel on the New York Mercantile Exchange.
Zee Entertainment Enterprises Ltd spurts 2.65%, rises for third straight session
Zee Entertainment Enterprises Ltd is quoting at Rs 348.35, up 2.65% on the day as on 12:54 IST on the NSE. The stock is down 37.89% in last one year as compared to a 8.71% gain in NIFTY and a 34.52% gain in the Nifty Media index.
CSS Corp wins Incite Customer Service Awards 2019
CSS Corp, a new age IT services and technology support company announced today that they have won the "Solution Provider of the YearThe award ceremony was part of the Customer Service Summit West 2019 event in San Diego, organised by the Incite group. CSS Corp's Cognitive Customer Experience (CX) portfolio was chosen as the best solution of the year from amongst other leading IT players.CSS Corp's Cognitive Customer Experience (CX) portfolio has been built to help brands drive superior customer lifecycle management powered by artificial intelligence and advanced analytics capabilities.The portfolio integrates technologies like chatbots, automation, consumer insights, knowledge management, Robotic Process Automation (RPA) and mobile applications through an outcome-based service model to deliver enhanced customer experiences.In a business outcome context, it also enables new revenue opportunities for organizations by leveraging advanced applied analytics to map a customer's journey, ...
Hong Kong Market gains 2.3% on Sino-U.S. trade hopes
The US share market climbed on Tuesday after U.S. President Donald Trump said in a tweet he had a very good telephone conversation with Chinese President Xi Jinping, with a meeting between the two set to happen next week. The Dow Jones Industrial Average soared 353.01 points to 26,465.54 and the S&P 500 advanced 1% to 2,917.75. The Nasdaq Composite rose 1.4% to 7,953.88.
China Market gains on Sino-U.S. trade hopes
U.S. President Donald Trump tweeted that he had "very good" talks with China's President Xi Jinping and that the two leaders would have an "extended meeting" at the G20 summit in Japan later this month. The summit will start on June 28. A short time later, Xi echoed Trump's upbeat tone, saying that China and the United States should push for "positive outcomes" at the summit of world leaders, in order "to inject confidence and vitality into the global market."
Benchmarks sharply pare gains; auto shares slide
Key equity benchmarks sharply pared gains in early afternoon trade. The market started the day on a strong note before profit selling emerged in mid-morning trade. At 12:25 IST, the barometer index, the S&P BSE Sensex, was up 99.14 points or 0.25% at 39,145.48. The Nifty 50 index was up 13.10 points or 0.11% at 11,704.60.
Jackson Investments announces change in directorate
with effect from 19 June 2019
Australia Market gains on US-China trade development
The US share market climbed on Tuesday after U.S. President Donald Trump said in a tweet he had a very good telephone conversation with Chinese President Xi Jinping, with a meeting between the two set to happen next week. The Dow Jones Industrial Average soared 353.01 points to 26,465.54 and the S&P 500 advanced 1% to 2,917.75. The Nasdaq Composite rose 1.4% to 7,953.88.
Pritish Nandy Communications Ltd leads gainers in 'B' group
Ganges Securities Ltd, Motor & General Finance Ltd, Shree Rama Multi-Tech Ltd and Radaan Mediaworks (I) Ltd are among the other gainers in the BSE's 'B' group today, 19 June 2019.
Tata Steel breaks 4-day losing streak
Tata Steel rose 3.38% to Rs 488.75 at 12:18 IST on BSE on bargain hunting after a recent slide.
Warehousing sector attracts USD 6.8 bn funds since 2014: Report
The warehousing sector has attracted around USD 6.8 billion (approximately Rs 47,385 crore) funds since 2014 from institutional investors and developers amid rising demand for logistic spaces from manufacturing and e-commerce players post implementation of GST, according to Knight Frank. Leasing of warehousing spaces went up by 77 per cent last calendar year to 46.2 million sq ft, the property consultant said in its India Warehousing Market 2019 report released on Wednesday here. "The warehousing industry has witnessed massive participation from institutional investors, as well as developers, who have collectively invested over USD 6.8 billion since 2014, with an average investment per deal of USD 282 million," Knight Frank said. Private equity (PE) funds had a 49 per cent share of the total investments into the warehousing industry. This was followed by sovereign and pension funds at 31 per cent and developers at 20 per cent. As much as 83 per cent of the investments in warehousing .