Page 3465 - Business Finance
Shree Renuka Sugars Ltd leads losers in 'A' group
SRF Ltd, Kwality Ltd, Hindustan Construction Company Ltd and Mahindra Lifespace Developers Ltd are among the other losers in the BSE's 'A' group today, 22 June 2018.
Volkswagen hands over regional responsibility to brands
BERLIN (Reuters) - Volkswagen AG on Friday said it is handing responsibility for managing regions to its different brands as part of a broader strategic overhaul to decentralise power at the Wolfsburg-based car and truck maker.
Airbus warns could leave UK if no Brexit deal
Aviation giant Airbus has warned it could pull out of Britain if it leaves the European Union without a deal, upping the pressure today on Prime Minister Theresa May to make progress in negotiations with Brussels. The European group, which directly employs nearly 15,000 people in Britain, warned that crashing out of the bloc would be "catastrophic" and force it to consider its investments. "Put simply, a 'no deal' scenario directly threatens Airbus' future in the UK," said chief operating officer Tom Williams, almost two years since Britain voted to leave the EU. May's government insists it must hold out the possibility of walking away as a negotiating tactic, but says it expects to get a deal before it exits the bloc on March 29, 2019. "We have made significant progress towards agreeing a deep and special partnership with the EU to ensure trade remains as free and frictionless as possible, including in the aerospace sector," a spokeswoman said. However, talks are stalled on the issue
Cabinet nod to set up pvt industrial park as DTA
Odisha cabinet has approved a proposal to utilise a piece of land in Ganjam district as a Domestic Tariff Area (DTA) to set up a Private Industrial Park by a Tata group company, a government official said today. The DTA is a zone outside an SEZ, enabling companies to set up manufacturing units that cater to the needs of the domestic market, whereas an SEZ is for export oriented units. The approval was made at the cabinet meeting presided over by Chief Minister Naveen Patnaik yesterday, chief secretary A P Padhi said. The Odisha Industrial Infrastructural Development Corporation (IDCO) had earlier been handed over 2970 acre land at Gopalpur in Ganjam district. Out of that, the Centre has notified 1235 acre to be utilised by TATA Steel Special Economic Zone Ltd (TSSEZL). The remaining 1735 acre would be utilised by the TSSEZL for setting up a Private Industrial Park as Domestic Tariff Area, Padhi said. The cabinet also approved alienation of a government land free of ...
Market trading near day's high
Key benchmark indices hovered near day's high in mid-afternoon trade. At 14:21 IST, the barometer index, the S&P BSE Sensex, was up 70.67 points or 0.2% at 35,503.06. The Nifty 50 index was up 20.90 points or 0.19% at 10,762. Most capital goods stocks fell. Telecom stocks saw mixed trend.
Dr Lalchandani Labs plans to set up new Diagnostic and Processing Centre at New Delhi
The company expects to begin the commercial operation from this Centre from the month of July, 2018.
Ducon Infratechnologies Ltd leads losers in 'B' group
Somi Conveyor Beltings Ltd, Kavveri Telecom Products Ltd, Palash Securities Ltd and Salona Cotspin Ltd are among the other losers in the BSE's 'B' group today, 22 June 2018.
Volumes jump at Astral Poly Technik Ltd counter
Astral Poly Technik Ltd saw volume of 2.55 lakh shares by 14:14 IST on NSE, a 10.74 fold spurt over two-week average daily volume of 23702 shares
PM pitches for double-digit GDP growth, raising India's share in world trade
Prime Minister Narendra Modi today called for targeting double-digit GDP growth for breaking into the USD 5 trillion economy club and said India's share in world trade has to more than double to 3.4 per cent. Speaking after laying the foundation stone of Vanijya Bhawan, a new office complex of the Ministry of Commerce here, he said his government has in four years taken steps to ease the process of doing business in India while maintaining macroeconomic indicators like inflation, current account deficit (CAD) and fiscal deficit within limits. After scaling these positive macroeconomic indicators, what next, the Prime Minister asked. He said GDP growth touched 7.7 per cent in the last quarter of 2017-18 fiscal but now the time has come to look beyond 7-8 per cent growth and target double-digit expansion. "The need of the hour is that we should work towards achieving the target of double digit growth from 7-8 per cent," Modi said, adding the world is watching as to when India will break
Barley up on scattered demand
Barley inched up by Rs 10 per quintal at the wholesale grains market today on mild demand from consuming industries. However, other grains held steady in thin trade. Traders said some demand from consuming industries, mainly helped barley prices to trade higher. In the national capital, barley edged up by Rs 10 to Rs 1,470-1,480 per quintal. Following are today's quotations (in Rs per quintal): Wheat MP (desi) Rs 2,100-2,200, Wheat dara (for mills) Rs 1,740-1,745 Chakki atta (delivery) Rs 1,750-1,755, Atta Rajdhani (10 kg) Rs 230-260, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 950-960 (50 kg), Maida Rs 970-980 (50 kg) and Sooji Rs 1,040-1,050 (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) Rs 6,550-6,650, Permal raw Rs 2,425-2,450, Permal wand Rs 2,525-2,575, Sela Rs 3,050-3,150 and Rice IR-8 Rs 2,025-2,075, Bajra Rs 1,250-1,255, Jowar yellow Rs 1,650-1,700, white Rs ...
PM Modi to inaugurate 3rd AIIB meeting in Mumbai
Prime Minister Narendra Modi will inaugurate the 3rd Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) on June 25-26 in Mumbai.The two-day event will be held at the Hotel Trident/Oberoi and NCPA. In the past, AIIB annual meetings have been held in Beijing, China, in 2016 and in Jeju, South Korea, in 2017.The theme for this year's meeting is "Mobilising Finance for Infrastructure: Innovation and Collaboration" that will see leaders from varied organizations and levels of government to share ideas and experiences for creating a sustainable future through sound infrastructure investment.Industries Department, Government of Maharashtra is the nodal Department, Maharashtra Industrial Development Corporation (MIDC), Government of Maharashtra is the nodal agency, Confedartion of Indian Industry (CII) is the Professional Conference Organiser (PCO), Research and Information Systems for Developing Countries (RIS) is the knowledge partner, for the 3rd Annual Meeting of AIIB.The ..
Jeera futures rise by 0.70% on spot demand
Jeera prices rose by 0.70 per cent to Rs 17,290 per quintal in futures trade today after participants widened their positions, backed by rising domestic and export demand. Besides, tight stocks position on restricted supplies from producing regions mainly led to the upmove. At the National Commodity and Derivatives Exchange, jeera for delivery in far-month August climbed by Rs 120, or 0.70 per cent, to Rs 17,290 per quintal, with an open interest of 735 lots. Likewise for July, prices increased by Rs 100, or 0.58 per cent, to Rs 17,100 per quintal, as the open interest of contract stood at 5,673 lots. Traders said, speculative positions built up by participants amid rising domestic as well as export demand led to the rise in jeera prices.
Market extends gain
Stocks extended gains and hit fresh intraday high in afternoon trade. At 13:25 IST, the barometer index, the S&P BSE Sensex, was up 74.99 points or 0.21% at 35,507.38. The Nifty 50 index was up 23.10 points or 0.22% at 10,764.20. Most pharma shares rose.
Divis Laboratories Ltd slips for fifth straight session
The stock is quoting at Rs 1039.75, down 1.56% on the day as on 13:19 IST on the NSE. Divis Laboratories Ltd jumped 62.82% in last one year as compared to a 12.41% rally in NIFTY and a 2.07% fall in the Nifty Pharma index.
Hindustan Zinc Ltd down for fifth straight session
The stock is quoting at Rs 288.5, down 0.65% on the day as on 13:19 IST on the NSE. Hindustan Zinc Ltd jumped 14.94% in last one year as compared to a 12.41% rally in NIFTY and a 18.46% spurt in the Nifty Metal index.
Wipro Ltd drops for fifth straight session
The stock is quoting at Rs 255.95, down 1.04% on the day as on 13:19 IST on the NSE. Wipro Ltd tumbled 0.35% in last one year as compared to a 12.41% rally in NIFTY and a 35.21% spurt in the Nifty IT index.
Tata Consultancy Services Ltd drops for fifth straight session
The stock is quoting at Rs 1809.4, down 0.55% on the day as on 13:19 IST on the NSE. Tata Consultancy Services Ltd jumped 53.23% in last one year as compared to a 12.41% rally in NIFTY and a 35.21% spurt in the Nifty IT index.
European shares set for worst week in three months as trade worries bite
LONDON (Reuters) - Strong financials stocks and better-than-expected French economic data helped drive a timid relief bounce in European shares at the end of a tumultuous week marred by trade war worries.
German June manufacturing cools on trade fears, services rebound - PMI
REUTERS - Activity in Germany's private sector rebounded in June after slowing for four months in a row, a survey showed on Friday, suggesting Europe's largest economy had underlying strength despite losing steam on fears of restrictive trade policies.
Euro zone business growth recovers but manufacturing slows: PMI
(Reuters) - Euro zone private business growth recovered in June and rounded off the second quarter growing at a better-than-expected clip, bolstered by services firms, but manufacturing growth was the weakest in 18 months on trade worries, a survey showed.