Page 3467 - Business Finance

Pankaj Harjai to lead Lenovo India's tablets business

Lenovo India on Friday announced the appointment of industry veteran Pankaj Harjai as Director of its tablets business.

Wheat futures soften by 0.17% on ample stocks

Wheat prices eased by 0.17 per cent to Rs 1,815 per quintal in futures market today as speculators reduced holdings, triggered by adequate stocks in the spot market on increased supplies. At the National Commodity and Derivatives Exchange, wheat for delivery in July declined by Rs 3, or 0.17 per cent to Rs 1,815 per quintal with an open interest of 8,810 lots. Market analysts said off-loading of positions by traders, driven by sufficient stock position on increased arrivals from producing belts in the physical markets against low demand, weighed on wheat prices at futures trade.

Robust demand lifts refined soya oil by 0.10%

Refined soya oil prices edged up by 0.10 per cent to Rs 745 per 10 kg in futures trade today as speculators built up fresh positions, driven by uptick in demand at the spot market. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July inched up by 75 paise, or 0.10 per cent to Rs 745 per 10 kg with an open interest of 55,340 lots. Analysts said fresh positions created by traders after pick up in demand in the spot market against restricted arrivals from producing belts attributed the rise in refined soya oil prices in futures trade.

Copper futures marginally down on muted demand

Copper futures traded a shade lower at Rs 453.75 per kg today as speculators trimmed their positions amid a weak domestic spot market on muted demand from consuming industries. However, a firm trend in metal at the London Metal Exchange (LME), capped the losses. At the Multi Commodity Exchange, copper for delivery in June eased by 20 paise, or 0.04 per cent, to Rs 453.75 per kg, in a business turnover of 519 lots. The metal for delivery in July fell by a similar manner at Rs 460 per kg, in a business volume of 25 lots. Globally, copper for delivery in three-month rose 0.2 per cent to USD 6,800 per tonne at the LME. Analysts said cutting down of bets by participants on weak trend at the domestic spot markets due to low demand, kept pressure on copper prices.

Essel Propack allots 15.71 lakh equity shares

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Weak market breadth

Volatility struck bourses in morning trade as the key benchmark once again dipped in negative zone after staging an intraday recovery. At 10:25 IST, the barometer index, the S&P BSE Sensex, was down 58.12 points or 0.16% at 35,374.27. The Nifty 50 index was down 23.45 points or 0.22% at 10,717.65. Negative Asian stocks weighed on the domestic bourses.

Crude oil futures up 0.38% on positive Asian cues

Crude oil was trading higher 0.38 per cent to Rs 4,513 per barrel in futures market today as speculators created fresh bets, taking positive cues from Asian markets. At Multi Commodity Exchange, crude oil for delivery in July rose by Rs 17 or 0.38 per cent to Rs 4,513 per barrel in a business turnover of 1,412 lots. Likewise, the oil for delivery in far-month August traded higher by Rs 6 or 0.13 per cent to Rs 4,489 per barrel in 118 lots. Analysts said speculators built fresh positions after oil prices rose in Asia, pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day. This mainly led to rise in crude oil prices in futures trade here. The Organization of the Petroleum Exporting Countries (OPEC), a producer cartel de-facto led by top exporter Saudi Arabia, is meeting together with some non-OPEC members including top producer Russia at its headquarters in the Austrian capital to discuss output ...

Malaysia appoints ex-central banker Nor Shamsiah as new governor

KUALA LUMPUR (Reuters) - Malaysia has named Nor Shamsiah Mohd Yunus, a former central bank deputy, as the new governor of Bank Negara Malaysia, a spokesman for the prime minister said on Friday, following the exit of its previous chief less than halfway through his five-year term.

Oil prices climb on uncertainty ahead of OPEC meeting

SINGAPORE (Reuters) - Oil prices rose by more than 1 percent in early Asian trading on Friday, pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day.

Crude oil production during May 2018 is 1.38% lower than target

Unit-wise production details with reasons for shortfall are as under:

HCL Tech gains after 5-year deal with Nokia

HCL Technologies rose 1.21% to Rs 914.90 at 09:45 IST on BSE after the company announced that it has signed a five-year global IT Infrastructure and application services deal with Nokia.

Intel CEO resigns after probe of relationship with employee

(Reuters) - Intel Corp Chief Executive Brian Krzanich resigned on Thursday after an investigation found he had a consensual relationship with an employee in breach of company policy.

NCLT initiates CIRP for Marsons

On 20 June 2018

Gold hits 6-month low as investors sell, dollar climbs

LONDON (Reuters) - Gold prices sank to six-month lows on Thursday as investors sold holdings in the physical market and the dollar climbed due to expectations of higher interest rates in the United States.

Market drifts lower in early trade

Key benchmark indices edged lower in early trade on negative Asian stocks. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 23.76 points or 0.07% at 35,408.63. The Nifty 50 index was down 23 points or 0.21% at 10,718.10.

Som Distilleries & Breweries to commence production of IMFL

At its subsidiary Woodpecker Distilleries & Breweries at Hassan, Karnataka

Sensex starts on negative note, falls 51 pts

The benchmark BSE Sensex got off to a lower start today, tracking a sell-off in global markets amid escalating trade war worries. The 30-share index, which had lost 114.94 points in the previous session, fell by another 50.91 points, or 0.14 per cent, to 35,381.48 in early trade. Capital goods, realty, infrastructure, power, healthcare and metal stocks showed weakness, falling by up to 0.35 per cent. The NSE Nifty also was quoting lower by 5.20 points, or 0.05 per cent, at 10,735.90. Major losers included Coal India, Reliance Industries, Asian Paints, SBI, Adani Ports, Sun Pharma, IndusInd Bank, Yes Bank, PowerGrid, Bajaj Auto, Maruti Suzuki and HDFC Bank, declining up to 1.40 per cent. According to traders, sustained selling by participants in line with a weak trend at other Asian markets following overnight losses at the Wall Street amid investor concerns about the trade dispute between the US and China dampened trading sentiments here. Meanwhile, India will raise customs duty on ..

Future Lifestyle Fashions allots 38.22 lakh equity shares

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HCL Technologies partners with Nokia for digital transformation

HCL will leverage its industry-leading next-gen technology services portfolio to provide Nokia with services around key transformational areas; such as cloud orchestration, digital platforms, big data analytics, cybersecurity, autonomics and modern collaborative workplaces.

Key equity indices open lower on weak global cues

The key Indian equity indices opened in the negative territory on Friday tracking weakness in the benchmark global markets.