Page 3452 - Business Finance
Saudi Aramco eyes presence in India's entire energy sector, says CEO
MUMBAI (Reuters) - Saudi Arabian state-owned oil company Saudi Aramco wants to be present in the entire "value chain" of India's energy sector, its Chief Executive Officer Amin Nasser said on Monday in New Delhi.
HDFC Bank Ltd rose for a fifth straight session today
The stock is quoting at Rs 2092.1, up 0.42% on the day as on 12:44 IST on the NSE. HDFC Bank Ltd is up 25.45% in last one year as compared to a 13.6% gain in NIFTY and a 15.09% gain in the Nifty Bank.
Analysis: Poland's CEO carousel makes investors' heads spin
WARSAW (Reuters) - Poland's ruling party has set off a new flurry of changes to the leadership of state-controlled companies, putting investors off a stock exchange that beat all emerging markets last year.
Over 120 million Indian consumers expected to shop online in 2018: ASSOCHAM-Resurgent study
As many as 108 million consumers did online shopping in 2017 even as the mobile phones are becoming the preferred choice of device for the e-commerce sales. Over 60-65 per cent of online shoppers would opt for placing their orders on mobile phones from the present 40-45 per cent, the study projected. As many as 89 per cent of the consumers covered in the study are heavy users of the Internet. The respondents were across Delhi, Mumbai, Kolkata, Bangalore, Ahmedabad, Hyderabad, Pune & others.
Further Fund Offer of Bharat - 22 ETF has been a resounding success with strong participation of FIIs
The Bharat 22 Exchange Traded Fund (ETF) comprises of top performing 16 CPSEs covering six sectors, three Public Sector Banks and three private companies where SUUTI has stakes. The Bharat 22 ETF was initially launched by the Government in financial year 2017-18. This is the first FFO of the said ETF.
China regulators free up extra USD 100B for bank lending
Chinese regulators have freed up an extra USD 100 billion for bank lending in a move financial analysts said could help to reassure investors amid trade tensions with Washington. The reduction yesterday in reserves banks are required to hold was part of a series of such cuts economists had forecast before the dispute with President Donald Trump erupted. But they said the announcement could help to defuse fears a threatened US tariff hike might dampen Chinese economic growth. The central bank said the cut, the third this year following reductions in January and April, was intended to help state companies restructure debts. "Against the tensions, China's latest reserve ratio reduction, while expected, serves as a counterbalance to the soft sentiment," said Jingyi Pan of IG in a report. The amount of money banks must keep on reserve with the central bank will be reduced by 0.5 percentage points of their deposits, according to the People's Bank of China. It said that would release about ..
Gold edges lower as dollar firms; trade tensions limit downside
BENGALURU (Reuters) - Gold prices edged lower on Monday, pressured by a strong U.S. dollar amid prospects of higher interest rates, while global trade tensions kept the metal buoyed above a six-month low hit last week.
Oil prices drop on OPEC's output deal, but markets to stay tight
SINGAPORE (Reuters) - Oil prices fell on Monday as traders factored in an expected 1 million barrels per day (bpd) output increase in the wake of an Organization of the Petroleum Exporting Countries (OPEC) meeting in Vienna last week.
Home buyers looking for bigger flats of avg 1,300 sq ft size in top cities
Prospective home buyers are looking for bigger flats at an affordable price as the average unit size demanded across major cities has increased by 4 per cent to 1,300 sq ft in the last one year, according to a research by Housing.com and Makaan.com. "With increased aspirations and changing lifestyles, most prospective homebuyers in India want bigger and better homes... Indians are looking for homes that are 1,300 sq. ft, up by 4 per cent in January-March 2018 in comparison to January-March 2017," the report said. The cities in the study include Mumbai, Kolkata, Chennai, Delhi, Bangalore, Hyderabad, Noida, Gurugram, Greater Noida and Pune. Singapore-based Elara Technologies is the owner of three realty portals PropTiger.com, Housing.com and Makaan.com. It provides digital real estate marketing and transactions services. "Bigger homes, combined with affordability, is a growing trend witnessed by the Indian real estate sector. Large scale of urbanisation combined with the rise of ...
Cement stocks gain
Stocks gyrated in a small range with negative bias in early afternoon trade. At 12:15 IST, the barometer index, the S&P BSE Sensex, was down 63.69 points or 0.18% at 35,625.91. The Nifty 50 index was down 17.60 points or 0.16% at 10,804.25. Cement stocks gained. Telecom stocks saw mixed trend.
Winsome Textile Industries Ltd leads gainers in 'B' group
AMJ Land Holdings Ltd, Celestial Biolabs Ltd, Ramky Infrastructure Ltd and Maharashtra Scooters Ltd are among the other gainers in the BSE's 'B' group today, 25 June 2018.
Turmeric futures succumb to profit-booking, down 1.33 pc
Turmeric prices slipped 1.33 per cent to Rs 7,232 per quintal in futures market today as traders locked in gains at prevailing higher levels amid easing demand at the spot market amid increased supply from growing regions. At the National Commodity and Derivatives Exchange, turmeric for delivery in July contract declined by Rs 98, or 1.33 per cent, to Rs 7,232 per quintal, with an open interest of 12,380 lots. Similarly, the spice for delivery in far-month August contract lost Rs 88, or 1.88 per cent, to Rs 7,314 per quintal in 7,855 lots. Market analysts said offloading of positions by traders, triggered by fall in demand at the domestic spot market against adequate stock positions on increased supplies, kept pressure on turmeric prices in futures trade.
Weak export demand drags guar gum futures
Guar gum prices were lower by Rs 80 to Rs 7,420 per quintal in futures trade today, dragged down by off loading of positions by speculators, tracking a weak trend at the spot markets on sagging export demand. At the National Commodity and Derivatives Exchange, guar gum for delivery in July contracts dipped by Rs 80, or 1.07 per cent, to Rs 7,420 per quintal with an open interest of 50,280 lots. In line with overall trend, guar gum to be delivered in October also traded lower by Rs 83, or 1.06 per cent, to Rs 7,725 per quintal in an open interest of 12,290 lots. The slide in guar gum prices at futures trade was due to cutting down of holding by participants in tandem with a weak trends the spot markets on muted export demand against surging stocks on consistent supplies of guar seed from growing belts.
Cottonseed oil cake futures decline on subdued spot cues
Cottonseed oil cake prices tumbled by Rs 20.50 to Rs 1,452 per quintal in futures trade today as participants reduced their exposure in line with a weak trend at the physical markets. Marketmen attributed the fall in cottonseed oil cake prices in futures market to trimming of positions by participants in sync with a weak trend at the physical markets owing to absence of necessary buying activity from animal feed makers against ample stocks. At the National Commodity and Derivatives Exchange, cottonseed oil cake delivery for the most-active July month contract slipped by Rs 20.50 or 1.39 per cent to Rs 1,452 per quintal, with an open interest of 1,49,870 lots. In similar way, cottonseed oil cake for delivery in August month contracts also receded by Rs 19.50 or 1.28 per cent to Rs 1,499 per quintal, with an open interest of 49,370 lots.
PNB Housing Finance Ltd leads gainers in 'A' group
Vakrangee Ltd, K E C International Ltd, Vedanta Ltd and Sobha Ltd are among the other gainers in the BSE's 'A' group today, 25 June 2018.
Wheat futures slide on higher supply
Wheat prices drifted down by 0.33 per cent to Rs 1,829 per quintal in futures market today as speculators reduced holdings, triggered by sufficient stocks position at spot markets on increased supplies. At the National Commodity and Derivatives Exchange, wheat for delivery in August fell by Rs 6, or 0.33 per cent to Rs 1,829 per quintal with an open interest of 1,330 lots. Market analysts said offloading of positions by traders, driven by ample stocks position on increased arrivals from producing belts in the physical markets against low demand, mainly led to decline in wheat prices at futures trade.
Shares slide on trade worries, oil gives up some gains
TOKYO (Reuters) - Global share prices fell on Monday on escalating trade tensions between the United States and major economies while crude oil prices gave up some of the hefty gains made after major oil exporters agreed to a modest increase in production.
Global Markets: Shares slide on trade worries, oil gives up some gains
TOKYO (Reuters) - Global share prices fell on Monday on escalating trade tensions between the United States and major economies while crude oil prices gave up some of the hefty gains made after major oil exporters agreed to a modest increase in production.
Crude palm oil futures fall 0.35% on profit-booking
Crude palm oil prices fell 0.35 per cent to Rs 628.80 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand at the spot market. Besides, sufficient stocks position following increased supplies from the producing regions fuelled the downtrend. At the Multi Commodity Exchange, crude palm oil for delivery in July eased by Rs 2.20, or 0.35 per cent, to Rs 628.80 per 10 kg, in a business turnover of 88 lots. The oil for delivery in June was traded lower by Rs 1.90, or 0.30 per cent, to Rs 635.30 per 10 kg in 45 lots. Analysts said profit-booking by speculators at prevailing levels and a fall in demand at spot market weighed on crude palm oil prices.
Castor seed futures slide on weak spot cues
Castor seed prices fell Rs 49 to Rs 4,092 per quintal in futures trade today as participants liquidated their bets amid a weak trend at the physical markets. Marketmen said the offloading of positions by participants was triggered by a weak trend at the spot markets due to lower demand from paint, soap and other consuming industries against ample stocks position on higher supplies. At the National Commodity and Derivatives Exchange, castor seed for delivery in July contract declined by Rs 49 or 1.18 per cent to Rs 4,092 per quintal, with an open interest of 94,270 lots. Castor seed for delivery in far-month August contract also fell by Rs 48 or 1.14 per cent to Rs 4,145 per quintal, having an open interest of 24,190 lots.