Page 3428 - Business Finance
Board of Jubilant Life Sciences approves private placement of NCDs worth Rs 350 crore
At meeting held on 27 June 2018
Flexituff International executes low-budget sewerage treatment plant for Uttarakhad Govt.
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Global TCU market to grow at 18% amid connected vehicles boom
With more than 175 million new vehicles to be shipped with embedded connectivity during 2018-22, the global telematics control unit (TCU) market is set to grow at 18 per cent (CAGR), a new report said on Wednesday.
Sugar prices zoom on brisk demand, thin supply
Sugar prices firmed up by Rs 100 per quintal at the wholesale market in the national capital today following brisk demand amid thin supply. Marketmen said sturdy buying by stockists and bulk consumers to meet ongoing summer demand amid fall in arrivals from mills lifted the sweetener's prices. Sugar ready (M-30) and (S-30) prices climbed by Rs 100 each to finish the day at Rs 3,400-3,550 and Rs 3,390-3,540 per quintal. Mill delivery (M-30) and (S-30) prices also shot up by Rs 100 each to end at Rs 3,200-3,380 and Rs 3,190-3,370 per quintal. In the mill gate section, sugar Budhana and Dhampur emerged prominent gainers by climbing Rs 100 each to Rs 3,250 and Rs 3,210, while Dorala and Thanabhavan shot up by Rs 95 each to settle at Rs 3,240 per quintal each. Prices of Mawana gained Rs 90 to Rs 3,240 and Malakpur rose by Rs 80 to Rs 3,220 per quintal. Following are today's quotations (in Rs per quintal) Sugar retail markets - Rs 35-40 per kg. Sugar ready: M-30 Rs 3,400-3,550, S-30 Rs ...
Capacite Infraprojects receives projects worth Rs 851.13 crore
Construction of Skycity Mall at Borivali East from Incline Realty (Oberio Realty Group). The order is worth Rs 271.47 crore.
HCL Tech acquires H&D International for 30 mn euros
HCL Technologies today said it will acquire Wolfsburg-based IT and engineering services provider H&D International Group for 30 million euros, a move that will help the Indian IT major strengthen its delivery capabilities in the German market. The company has signed a definitive agreement to acquire H&D International Group, and the deal will help HCL attain significant in-country front office and delivery capabilities as well as further enhance HCL's domain expertise in the global automotive sector, HCL Technologies said in a statement. According to a BSE filing by HCL, the cash deal is 30 million euros (including earnouts) in size. The acquisition is expected to be completed by end of August. H&D International Group, one of the largest IT service providers in the German automotive industry, operates in over 20 locations globally including Germany, the US, Czech Republic and Poland. Its revenue for 2017 was 74.1 million euros. Founded in 1996, H&D specialises in IT ...
Global Markets: Bears prowl world markets, maul Chinese stocks as trade tensions simmer
LONDON (Reuters) - A 2 percent slide in Chinese equities on Wednesday and a fresh weakening in the yuan highlighted mounting stress on the world's number two economy from trade tensions with the United States, while global stocks slipped to approach two-month lows.
Rupee at weakest in over 18 months on high oil prices
MUMBAI (Reuters) - India's rupee slipped to its weakest in more than 18 months on Wednesday, hit by higher oil prices and trade war concerns that could spark another bout of capital outflows for Asia's third-largest economy.
China Three Gorges sounds out interest in EDP's U.S. assets: sources
By Dasha Afanasieva, Clara Denina and Sergio Goncalves
Fedders Electric & Engineering Ltd leads losers in 'B' group
Arihant Superstructures Ltd, Aanchal Ispat Ltd, AXISCADES Engineering Technologies Ltd and Sasken Technologies Ltd are among the other losers in the BSE's 'B' group today, 27 June 2018.
Volumes spurt at EID Parry (India) Ltd counter
EID Parry (India) Ltd registered volume of 8.24 lakh shares by 14:14 IST on NSE, a 9.21 fold spurt over two-week average daily volume of 89423 shares
Market slumps to intraday low as pivotals slide
Selling frenzy pulled the key benchmark indices to fresh intraday low in mid-afternoon trade. At 14:18 IST, the barometer index, the S&P BSE Sensex, was down 291.73 points or 0.82% at 35,198.31. The Nifty 50 index was down 103.65 points or 0.96% at 10,665.50. Today's slide was led by index heavyweights ICICI Bank, L&T and Reliance Industries. Domestic stocks were weighed down by escalating global trade tension between the world's biggest economic powers.
India needs to lower trade barriers: US diplomat
: Stressing the need for India to lower trade barriers and cut tariffs, US Consul General in Hyderabad Katherine Hadda has said there are high tariffs in India with over 13 per cent as compared to America's average tariff rate of 3.4 per cent. "The United States has one of the lowest tariff rates in the world. We have applied tariff rates of 3.4 per cent and India's is 13.4 per cent. Over one half of tariff line items imported into our country are duty-free whereas less than 3 per cent of the goods coming into India qualify for duty-free status," she said. "So, we wish for reciprocity with India just as we do with all trading partners... and as an economist I have to say that helps both economies," Hadda said. Speaking at the 242nd American Independence Day celebrations organised by Indo-American Chamber of Commerce (Andhra Pradesh and Telangana Chapter) here last night, Hadda said, "we know we can count on support of chambers such as this to help us." "You have an ...
Trade war fears weigh as Europe's banks, autos stocks extend losses
LONDON (Reuters) - Fears over higher global barriers to trade sent European stocks to 11-week lows on Wednesday, with little other company and economic news to provide relief from rising protectionism which has hit equity markets hard.
Bira 91 gets UN Brewery and Beer of the Month honour
The UN has named beer brand Bira 91 as 'Brewery of the Month' and Bira 91 IPA as the 'Beer of the Month'.
Mustard, soyabean oils up on fresh demand
Prices of mustard and soybean oils rose by Rs 50 per quintal at the wholesale oils and oilseeds market today on emergence of buying by Vanaspati millers amid pick-up in retailers demand. Castor oil in the non-edible section, also recovered on increased offtake by the consuming industries. Traders said, fresh buying by Vanaspati millers against restricted arrivals from producing belts mainly led to rise in mustard and soybean oil prices. In the national capital, mustard expeller (Dadri) oil edged up by Rs 50 to Rs 7,700 per quintal. Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also traded higher by Rs 50 each to Rs 7650 and Rs 7250 per quintal, respectively. In the non-edible section, castor oil also enquired higher by Rs 100 to Rs 7,000-7,100 per quintal. Following are today's quotations (in Rs per quintal): Oilseeds: Mustard seed Rs 2,950-3,050 and Groundnut seed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 800-1,000. Edible oils: Groundnut mill ...
Wheat recovers on mild offtake
In restricted activity, wheat prices edged up by Rs 5 per quintal at the wholesale grains market today on mild demand from flour mills. However, other grains including rice basmati held steady in thin trade. Traders said, besides scattered demand from flour mills, fall in supplies from producing belts mainly led to rise in wheat prices. In the national capital, wheat dara (for mills) inched up by Rs 5 to Rs 1,750-1,755 per quintal. Atta chakki delivery followed suit and traded higher by Rs 10 to Rs 1,760-1,765 per 90 kg. Following are today's quotations (in Rs per quintal): Wheat MP (desi) Rs 2,100-2,200, Wheat dara (for mills) Rs 1,750-1,755 Chakki atta (delivery) Rs 1,760-1,765, Atta Rajdhani (10 kg) Rs 230-260, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 940-950 (50 kg), Maida Rs 960-970 (50 kg) and Sooji Rs 1,030-1,040 (50 kg). Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,900, Basmati common new Rs 7,300-7,400, Rice Pusa (1121) ..
Indian Metals & Ferro Alloys slips after disruption at Therubali plant
Indian Metals & Ferro Alloys fell 5.52% to Rs 301.50 at 14:14 IST on BSE after the company said two furnaces at its Therubali plant have been shut following agitations.
Norway sells remaining stake in Scandinavian Airlines
Norway has sold its remaining stake in Scandinavian Airlines, saying the move will strengthen the carrier by reducing state ownership. Trade and Industry Minister Torbjoern Roe Isaksen says Norway sold today its remaining 37.8 million shares, representing nearly 9.90 per cent of the airline. Roe Isaksen said the government believes it is "a good time to sell," adding "there is no reason to believe that a changed ownership will not affect jobs, (SAS') grids or other operating conditions in the company." Norway originally held a 14.3 per cent stake in the Swedish, Danish and Norwegian airline. In October 2016, Norway and Sweden reduced their ownership and sold a total of 23 million shares, while Denmark, which owns 14 per cent in the Stockholm-based airline, didn't take part in the sale.
Socomec India launches 'ExpertCare Center' to deliver unparalleled customer service 24x7x365
Socomec, a leading global manufacturer of power control, availability, and safety equipment, announces the launch of its new pan-India ExpertCare Center, that will be operational 24x7x365, starting June 27th, 2018, through its toll-free helpline number 1860 425 1000. The Center will respond to product queries and customer grievances by routing them to Socomec experts for swift and accurate action.Customer experience will soon supersede price and product to become the single most important differentiator for businesses across industries. Socomec understands this shift and to strengthen its market leading position in Power Conversion, Power Switching & Power monitoring business applications, the company has launched its India wide ExpertCare Center. The new 24x7x365 service will help improve the organisation's responsiveness to its rapidly growing customer base and is in line with the company's strategic values that emphasize service orientation.The ExpertCare Center's distinctive ..