Page 3439 - Business Finance
National Aluminium Company Ltd drops for fifth straight session
The stock is quoting at Rs 61.25, down 2.55% on the day as on 13:19 IST on the NSE. National Aluminium Company Ltd tumbled 2.08% in last one year as compared to a 13.27% rally in NIFTY and a 16.99% spurt in the Nifty Metal index.
Motherson Sumi Systems Ltd down for fifth straight session
The stock is quoting at Rs 281.95, down 2% on the day as on 13:19 IST on the NSE. Motherson Sumi Systems Ltd tumbled 10.03% in last one year as compared to a 13.27% rally in NIFTY and a 2.85% spurt in the Nifty Auto index.
Market sharply pares gains
Key barometers sharply pared gains in afternoon trade as profit booking emerged at higher levels. At 13:24 IST, the barometer index, the S&P BSE Sensex, was up 21.74 points or 0.06% at 35,492.09. The Nifty 50 index was up 3.90 points or 0.04% at 10,766.35.
Fitch rates Bharti Airtel at BBB-; outlook stable
Fitch Ratings on Tuesday affirmed India-based Bharti Airtel's Long-Term Foreign-Currency Issuer Default Rating (IDR) and senior unsecured rating at 'BBB-' with the outlook on the IDR as stable.
Govt. committed to path of fiscal consolidation: PM Modi
Prime Minister Narendra Modi on Tuesday said the government is firmly committed to the path of fiscal consolidation."The Government is firmly committed to the path of fiscal consolidation. Government debt as a percentage of GDP is consistently declining. India has achieved a rating upgrade after a long wait," he said while addressing the third annual meeting of the China-led Asian Infrastructure Investment Bank (AIIB)."India is one of the most investor-friendly economies in the world. Investors look for growth and macroeconomic stability. They want political stability and a supportive regulatory framework to ensure the protection of their investment. Our macroeconomic fundamentals are strong with stable prices, a robust external sector and a fiscal situation firmly in control. Despite rising oil prices, inflation is within the mandated range," he added.Prime Minister Modi further asserted that India and the AIIB would work towards making economic growth in India more inclusive and ...
RBL Bank allots 2.79 lakh equity shares
Under ESOP
Get the right size while shopping online (Lead, correcting headline)
The biggest concern for shoppers while doing online shopping is the right size. Though the size chart is universal but the manufacturing of each brand differs from the other, which becomes a challenge to shop footwear and clothes online so make sure you are making this task hassle free by keeping in mind few steps.
Payworld, Reliance Mutual Fund partner to provide mutual funds to 3 Mn families
Leading financial services provider for the semi-urban and rural population, Payworld, has partnered with Reliance Mutual Fund to announce a one-of-its-kind Mutual Fund Solution/Scheme for its customers.Launched with an aim to create a positive environment for financial inclusion of low-income households at the bottom of the pyramid, the scheme will empower rural households with the power of investment, which was once considered a service meant only for the middle and high-income groups.With this new vertical to their service bouquet, Payworld becomes the 1st Assisted Mutual Fund facilitator in India. The company intends to facilitate investment in liquid funds, which are risk-free and there is a facility of instant redemption.Under this partnership, Payworld will facilitate the investments, whereas the partner asset management company - Reliance Mutual Fund will manage the investments garnered by Payworld. Payworld will also undertake an extensive training of their retailers ...
Bright Solar tapping markets through IPO to raise Rs.19.44 Cr
Incorporated in 2010, Gujarat based Bright Solar Limited is a company engaged in assembling of DC/AC Solar Pumps and Solar Pump Systems under the registered brand name of "PUMPMAN", "BRIGHT SOLAR", and "BRIGHT SOLAR WATER PUMP".The company is also engaged in EPC contracts of Solar Photovoltaic Water pumps which include supplying, installing and commissioning of the pump system along with comprehensive maintenance contract for a specific period of 1-5 years.In solar pump system, it has a wide range of products like DC Solar Pump, Solar Pump Inverter, and AC Solar Pump. In the year 2017-18, the company started providing consultancy services for acquiring projects and tender bidding after identifying the competent client on the tender to tender basis.In addition, the company has been awarded water supply, sewerage, and infra project in its service portfolio. Bright Solar is in the process of acquiring a land admeasuring area of 18,209 sq mts at Kheda, Gujarat and on which the company is .
Axis Bank opens new branch in J-K's Kargil
Axis Bank, India's third largest private bank, opened a new branch at Kargil, on Monday.Shikha Sharma, Managing Director and CEO of Axis Bank, along with Kacho Ahmad Ali Khan, Chief Executive Councillor, LAHDC, Kargil, and Sanjay Silas, president and Head - Branch Banking, Axis Bank, were present to inaugurate the new branch.The new branch will offer a comprehensive range of banking services like saving and current accounts, deposits, loans and locker facilities, to the district's residents and the contingent of defence personnel.The Kargil branch takes the presence of Axis Bank branches in the state to 26 along with 32 ATMs."We are pleased to open a branch in Kargil where we hope to serve the financial needs of both the local population as well as the uniformed personnel. Our vision is to provide customer-focused digital services, especially in remote regions of the country to further foster the drive towards a digital economy and promote financial inclusion," said Shikha Sharma.For .
India provides tremendous market for US companies: Aghi
Amidst trade and tariff tension between India and the US, the head of a business advocacy group has said that the fundamentals of the relationship are very strong and the sentiment about India among American companies are positive as it provides a huge market. These are two economies and two cultures and two democracies whose value system is more aligned than anybody else, Mukesh Aghi, president of US India Strategic and Partnership Forum (USISPF), told PTI ahead of the next week's 2+2 dialogue. External Affairs Minister Sushma Swaraj and Defence Minister Nirmala Sitharaman will hold talks with their American counterparts Mike Pompeo and James Mattis here next week as part of the maiden India-US 2+2 Dialogue. "While we have this steel tariffs from the US side and then India announced its own tariff, our position is tariffs are not good for either consumer or for business. This is I say to the US and I say to India also. But if you take the noise away, the fundamental relationship ...
Spot demand lifts mustard seed futures
Mustard seed prices edged higher by Rs 24 to Rs 3,948 per quintal in futures trade today as participants built up fresh positions amid a firm trend at the spot markets. At the National Commodity and Derivatives Exchange, mustard seed for the most-traded delivery in July contract was trading higher by Rs 234 or 0.61 per cent to Rs 3,948 per quintal, having an open interest of 1,28,010 lots. Mustard seed, to be delivered in August contract, was trading higher by Rs 22, or 0.55 per cent, to Rs 3,992 per quintal in an open interest of 39,610 lots.
Turmeric prices rise 0.81 pc on uptick in demand
Turmeric prices were up by 0.81 per cent to Rs 7,378 per quintal in futures trading today as participants built up fresh positions, driven by uptick in domestic and export demand. Besides, restricted supplies from producing regions also supported the turmeric upmove in prices. At the National Commodity and Derivatives Exchange, turmeric for delivery in July contracts was trading higher by Rs 60, or 0.81 per cent, to Rs 7,378 per quintal with an open interest of 12,690 lots. The spice for delivery in August contracts also increased by Rs 46, or 0.62 per cent, was trading at Rs 7,450 per quintal in an open interest of 8,360 lots. Analysts said fresh positions created by participants following upsurge in domestic as well as export demand at the spot market against restricted supplies from producing regions, mainly pushed up turmeric prices at futures trade.
Airtel announces senior leadership appointments
Ajay Chitkara has been appointed Director and CEO of Airtel Business and he will spearhead Airtel Business as an integrated unit that will include both domestic and global enterprise operations, the company said on Tuesday.
Silver futures rise marginally
Silver prices edged up by 0.09 per cent to Rs 40,323 per kg in futures trade today as speculators raised their bets despite a weak trend overseas. At the Multi Commodity Exchange, silver for delivery in far-month September edged higher by Rs 37, or 0.09 per cent, to Rs 40,323 per kg in business turnover of 95 lots. Likewise, the white metal for delivery in July contracts was trading higher by Rs 30, or 0.08 per cent, to Rs 39,675 per kg in 989 lots. Market analysts attributed the rise in silver futures to fresh positions created by speculators, but a weak trend overseas capped the rise. Globally, silver fell 0.03 per cent to USD 16.29 an ounce in Singapore.
'New India' is rising, says Modi
Prime Minister Narendra Modi on Tuesday said a "New India" was rising and that the Asian continent was at the centre of global economic activity.
Infosys denies US SEC probe, says has sufficient time to file key documents
India's second largest IT services firm Infosys today asserted it has sufficient time to file a key US regulatory document -- the subject of a recent whistleblower complaint -- and said the filing will be made "within the stipulated time". The company also strongly denied reports that there is an ongoing probe by the US Securities and Exchange Commission (SEC), and dubbed "speculation" to that effect as "baseless and incorrect". "This is to clarify that the company will file the Form 20F within the stipulated time and has sufficient time to do so. Speculation that the Form 20F is not filed in time or there is an ongoing SEC investigation is baseless and incorrect," Infosys said in a regulatory filing today. The BSE filing by Infosys comes in the wake of reports that an anonymous whistleblower has flagged concerns over the firm not filing with the US market regulator the stipulated Form 20F, a key document outlining the financials and key risks to the company, generally filed between ..
Brexit halves new investment in British car industry, auto industry lobby says
LONDON (Reuters) - Uncertainty over Brexit has halved new investment in the British car industry as Prime Minister Theresa May's government current plans for trade after Britain leaves the EU are unrealistic, the biggest car manufacturing lobby said on Tuesday.
Oil rises amid outages, but OPEC policy and escalating trade rows weigh
SINGAPORE (Reuters) - Oil edged up on Tuesday, lifted by a Canadian production outage and uncertainty over Libyan crude exports, though climbing OPEC supplies and the intensifying trade conflict between the United States and other major economies held back prices.