Page 3442 - Business Finance
Board of Karur Vysya Bank approves fund raising up to Rs 1200 crore
At meeting held on 25 June 2018
Board of Karur Vysya Bank approves bonus issue of 1:10
At meeting held on 25 June 2018
JMC Projects (India) secures orders worth Rs 1966 crore
- JMC led consortium has secured two turnkey projects under Micro Lift Irrigation Scheme worth Rs.2,650 crore from Narmada Valley Development Authority (NVDA) in Madhya Pradesh. The share of JMC in these projects is around Rs.1,600 crore.
Market cuts initial losses
Domestic stocks cut initial losses triggered by negative Asian stocks. At 9:28 IST, the barometer index, the S&P BSE Sensex, was down 18.60 points or 0.05% at 35,451.75. The Nifty 50 index was down 13.75 points or 0.13% at 10,748.70.
Key equity indices open flat on weak global cues
The key Indian equity indices opened on a flat-to-negative note on Tuesday tracking weakness in the global markets.
Sensex extends losses on global trade war worries
The BSE Sensex fell over 132 points in opening trade today as investors pared their bets, tracking sharp losses in global markets on worries about an intensifying trade conflict between the US and its trade partners. Cutting down of positions by participants in view of approaching June derivatives contract expiry on Thursday added to the downward pressure, brokers said. The BSE 30-share barometer fell 132.26 points, or 0.37 per cent, to 35,338.09. The gauge had lost 219.25 points in the previous session. The laggards were Tata Motors, Vedanta, Hero MotoCorp, ICICI Bank, PowerGrid, SBI, Adani Ports, RIL, Sun Pharma, HDFC Bank, Maruti Suzuki and IndusInd Bank, declining up to 1.74 per cent. Sectoral indices led by consumer durables, power, banking, auto, metal and PSU stocks were in the negative terrain, falling by up to 0.59 per cent. The NSE Nifty also slipped 29.90 points, or 0.27 per cent, to 10,732.55. Meanwhile, domestic institutional investors (DIIs) sold shares worth a net Rs ..
A weak opening on the cards
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 42 points at the opening bell.
Hong Kong: Hang Seng falls 1.3%
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Oil India in spotlight after gas discovery in Andhra Pradesh
Oil India (OIL) has made its second hydrocarbon discovery in the onland KG Basin NELP VI Block: KG-ONN-2004/1 in May 2018 at well Thanelanka-l in Andhra Pradesh. Earlier, a gas discovery was made at well Dangeru -lin Andhra Pradesh in the block. The well Thanelanka-1 is the first High Pressure - High Temperature (HP-HT) well drilled by OIL and has encountered multiple sands in Gollapalli Formation of Late Jurassic-Early Cretaceous and one zone in Raghavapuram Formation of Intra Cretaceous. On testing, the HP-HT zone in the depth range 4912-5159 m in Golapalli Formation produced gas @ 1300 scmd through 16/64" bean choke. Presently, the well is under further testing. The announcement was made after market hours yesterday, 25 June 2018.
Harley-Davidson to move some production out of U.S. to avoid EU tariffs
(Reuters) - Harley-Davidson Inc said on Monday it would move production of motorcycles shipped to the European Union from the United States to its international facilities and forecast the trading bloc's retaliatory tariffs would cost the company $90 million to $100 million a year.
Global stocks pummelled on intensifying trade row, dollar wobbles
TOKYO (Reuters) - Global stocks extended a sell-off on Tuesday as an escalating trade fight between the United States and other major economies steered investors away from riskier assets, lifting safe-haven U.S. Treasuries and keeping the dollar on the defensive.
'Europe should be prepared for post-Brexit influx of financial firms'
The EU should enhance its regulatory and supervisory capacities to cope with the possible influx of financial firms from London to continental Europe after Britain leaves the European Union, IMF Managing Director Christine Lagarde has said.
Dollar falls vs yen as U.S. escalates global trade fight
TOKYO (Reuters) - The dollar edged lower against the yen in early Asian trade on Tuesday, hovering near a two-week low, as worries about an intensifying trade fight between the United States and its trade partners continued to hurt risk appetite.
Oil prices rise on uncertainty over Libyan crude exports
SINGAPORE (Reuters) - Oil prices rose on Tuesday on uncertainty over Libyan oil exports, although plans by producer cartel OPEC to raise output continued to drag.
Rebound in South powers U.S. new home sales, dampens prices
WASHINGTON (Reuters) - Sales of new U.S. single-family homes increased more than expected in May as transactions in the South surged to near an 11-year high and dampened prices, but the overall housing market remained constrained by a dearth of properties for sale.
Corrected - Rebound in South powers U.S. new home sales, dampens prices
WASHINGTON (Reuters) - (In 16th paragraph, Zillow corrects figure provided for current building rates to roughly 2.7 homes for every 1,000 Americans, not for every 10,000 Americans; Zillow corrects historical comparison in same quote to 4.2 homes per 1,000 residents, not 4.2 homes for every 10,000 Americans)
Asia stocks extend global slide on intensifying trade row, dollar shaky
TOKYO (Reuters) - Global stocks extended a sell-off on Tuesday as mounting trade tensions between the United States and other major economies continued to steer investors away from riskier assets, lifting safe-haven U.S. Treasuries and keeping the dollar on the defensive.
Britain to toughen outsourcer contracts after Carillion collapse
(Reuters) - Britain is preparing to toughen up contract terms for private companies operating in the public sector and to enhance competition after the collapse of outsourcing group Carillion earlier this year.
Exclusive: Hudson's Bay in talks with Signa for Kaufhof joint venture - sources
NEW YORK (Reuters) - Saks Fifth Avenue owner Hudson's Bay Co is in discussions with Austrian property and retail group Signa Holding GmbH about a joint venture for its German retail chain Kaufhof, two people familiar with the matter said on Monday.
Greystar to buy Education Realty in $4.6 billion deal
(Reuters) - Education Realty Trust Inc , a developer of student housing, said on Monday it would be acquired by an affiliate of Greystar Real Estate Partners for about $4.6 billion, including debt.