Page 3432 - Business Finance
Infosys gains after Santander UK deal
Infosys rose 1.14% to Rs 1,292.45 at 9:31 IST on BSE after the company said that Infosys Finacle will power Santander UK's international cash management system.
Voltas in focus after clarification
Voltas will be watched. With reference to news item captioned, "Tata Sons looking to divest 9% stake in company.", Voltas clarified after market hours yesterday, 26 June 2018, that it is not aware of any such development and is therefore not in a position to offer any comments on the same. The company is also not in a position to comment on the drop of Voltas share price on 26 June 2018. Voltas confirmed that no such proposal has been discussed by the board of directors of the firm in this regard.
RG Residency houses NCR's best elevators- Kone Elevator India
RG Residency, a premium group housing society in sector - 120 Noida by RG Group, has been using the best in lifts technology that is available across the global markets.Kone has been a name synonymous with elevators across the globe for decades now. With operations in over 60 countries, Kone has developed a niche for itself globally in elevators and escalators. The Research & Development at Kone has made sure that it has elevators for the varied needs of modernisation in today's markets.Real estate in India, particularly NCR has been changing faces very aggressively. The need for including state of the art technology in real estate developments has been increasing with every passing day. In today's world when developments are moving more vertical than horizontal, the need for quality elevators in high rise structures cannot be undermined.RG Group has been involved in multiple commercial and residential developments in NCR and hence understands this aspect very well. It is equally .
I'm not a fugitive: Vijay Mallya cries foul
Liquor baron Vijay Mallya on Wednesday said he is not a fugitive and "always had honest intentions" to repay his loans.This comes after Mallya on Tuesday broke his silence over the controversy surrounding him of defaulting on bank loans to the tune of Rs 9000 crores, and said he had been falsely framed as the "poster boy of Bank default and a lightning rod of public anger".Later, in an interview with ANI, Minister of State for External Affairs MJ Akbar said: "If Vijay Mallya wanted to pay the banks he had many many years to do so."In reply to Akbar, Mallya in a series posts on Twitter said: "My old friend MJ Akbar (now Hon'ble MOS) states that I had years to repay. My settlement initiatives date back to 2016. Most importantly the value of assets today in 2018 is far higher than in 2016."Mallya later cried foul and said he is being falsely accused in chargesheets by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED).He wrote: "CBI and ED chargesheets ...
Stocks may open on a flat note
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 3 points at the opening bell.
Asia shares hobbled by trade fears, oil extends gains
SYDNEY (Reuters) - Asian share markets were under pressure on Wednesday as weakness in Chinese stocks and the yuan weighed on sentiment in the region, while oil climbed as the United States pressured allies to stop buying Iranian crude.
Dollar comes off 2-week lows, slight easing in risk aversion checks yen
TOKYO (Reuters) - The dollar was buoyant on Wednesday, having rebounded from two-week lows against its rivals as the yen sagged on easing risk aversion.
Asia shares struggle with trade fears, oil holds gains
SYDNEY (Reuters) - Asian shares were subdued on Wednesday as weakness in Chinese stocks and the yuan weighed on sentiment, while oil held hefty gains as the United States pressured allies to stop buying Iranian crude.
Exclusive - Ackman makes fresh layoffs at Pershing Square hedge fund
BOSTON (Reuters) - Billionaire hedge fund manager William Ackman, whose investment assets have shrunk by more than half in the last three years, has made a second round of staff cuts and laid off three investor relations team members, two sources familiar with the matter said on Tuesday.
U.S. economy solid for now, but recession risks edge higher
BENGALURU (Reuters) - The U.S. economy is likely to lose momentum after a strong performance in the quarter just ending, with the threat of a global trade war lifting the chances of a recession in the next two years, according to a Reuters poll.
Petrobras board approves veteran CFO as new financial chief
RIO DE JANEIRO (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro said on Tuesday its board has approved Rafael Salvador Grisolia to serve as chief financial officer, replacing Ivan Monteiro, who took the helm of the company earlier this month.
Energy leads Wall Street rebound as trade worries ease
NEW YORK (Reuters) - U.S. stocks found their footing on Tuesday, helped by gains in the energy, technology and consumer discretionary sectors after a sharp sell-off a day earlier on spiraling global trade tensions.
The culture clash behind GE's quick exit from Baker Hughes stake
HOUSTON (Reuters) - When General Electric Co bought oilfield services giant Baker Hughes last July, it created a global industry colossus with $22 billion in annual revenue.
Tech, energy lead Wall Street rebound as trade worries ease
NEW YORK (Reuters) - U.S. stocks rose on Tuesday as gains in the technology and energy sectors helped Wall Street recover from a sharp sell-off a day earlier on spiralling global trade tensions.
Global stocks, oil rise on U.S. pressure to snub Iranian crude
NEW YORK (Reuters) - Rising shares of energy and technology companies helped global stock markets regain ground on Tuesday, a day after a mounting trade fight pummeled equities, while oil surged more than 2 percent as Washington lobbied against Iranian crude imports.
Trump says finishing U.S. study on tariffs on cars from EU
WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday the government was completing a study about increasing import tariffs on cars from the European Union and suggested he would take action soon.
Global stocks recover slightly from trade fight damage
NEW YORK (Reuters) - General Electric Co and U.S. technology shares rose on Tuesday, helping global stock markets regain ground a day after a mounting trade fight between the United States and other top world economies chased investors into safe-haven assets.
Prabhu invites Australian Superfunds to invest in India
Addressing representatives of about 25 Australian Superfunds, who have huge investible assets, Union Commerce Minister Suresh Prabhu on Tuesday invited them to invest in India.
Oil surges as U.S. pushes allies to halt imports of Iranian crude
NEW YORK (Reuters) - Benchmark oil prices jumped over 2 percent on Tuesday and U.S. crude topped $70 for the first time in two months, as Washington pushed allies to halt imports of Iranian crude.
Wall Street rebounds from selloff on trade worries
(Reuters) - U.S. stocks rose on Tuesday as gains in technology, consumer discretionary stocks and General Electric helped Wall Street recover from a sharp sell-off a day earlier on spiraling global trade tensions.