Page 3540 - Business Finance
Top cybersecurity expert Anup Ghosh joins Accenture Security
Accenture has announced the appointment of industry veteran and cybersecurity expert, Dr. Anup Ghosh, as managing director in Accenture Security.Ghosh will bring his technology focused background and executive leadership to lead strategic technology investments that help scale Accenture Security's rapid growth in the managed security services business."Anup's expertise in cybersecurity, threat intelligence, and developing high growth businesses will be critical to continue to scale our business in the coming years," said Kelly Bissell, senior managing director of Accenture Security.Ghosh brings a wealth of cybersecurity experience to Accenture. Most recently, he was founder and former CEO at Invincea, Inc., a Virginia-based machine learning cybersecurity company until Invincea was acquired by Sophos in March 2017. Prior to founding Invincea, he was a Program Manager at the Defense Advanced Research Projects Agency (DARPA) where he created and managed an extensive portfolio of ...
Oil steadies but threat of higher supply curbs gains
LONDON (Reuters) - Oil prices steadied on Thursday, but were likely to remain under pressure from evidence of rising U.S. output and uncertainty over the outlook for supply before a key meeting next week of the world's largest exporters.
Karnataka Bank unveils 'KBL Deposit Only Card'
This card is specially meant for Bank's Current/Overdraft customers and by using this card they can perform card based cash deposit transactions even with higher deposit limit at Bank's Bunch Note Acceptor (BNA) / Cash Recycler kiosks.
Australia Market falls on soft local job figures, downbeat China industrial activity data
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Naveen seeks CSR contribution to CMRF
Odisha Chief Minister Naveen Patnaik on Thursday requested Prime Minister Narendra Modi for the contribution of Corporate Social Responsibility (CSR) funds to the Chief Minister's Relief Fund (CMRF) by amending the Companies Act 2013.
WPI inflation spikes to 14-month high of 4.43% in May on costlier fuel
Inflation based on wholesale prices shot up to a 14-month high of 4.43 per cent in May on increasing prices of petrol and diesel, prompting industry to demand action from policymakers to keep fuel prices under check. The Wholesale Price Index (WPI) based inflation stood at 3.18 per cent in April and 2.26 per cent in May last year. According to government data released today, inflation in food articles was at 1.60 per cent in May 2018, as against 0.87 per cent in the preceding month. Inflation in 'fuel and power' basket rose sharply to 11.22 per cent in May from 7.85 per cent in April as prices of domestic fuel increased in line with rising global crude oil rates. Inflation in vegetables climbed to 2.51 per cent in May, with potato inflation at a peak of 81.93 per cent. Price rise in fruits was in double digits at 15.40 per cent, while pulses saw a deflation of 21.13 per cent. May inflation at 4.43 per cent was a 14-month peak. The previous high was in March 2017, when the WPI ...
Oberoi Realty Ltd leads losers in 'A' group
Eros International Media Ltd, Corporation Bank, Mindtree Ltd and India Cements Ltd are among the other losers in the BSE's 'A' group today, 14 June 2018.
Pak must curb its CPEC-linked expectations-Expert
Pakistan's expectations from the ambitiously conceived USD 62 billion China-Pakistan Economic Corridor (CPEC) can at best be categorized as over inflated and unlikely to be met in the long term, an expert on South Asian and Indian Ocean strategic affairs has said.In an article written for the Sydney-based independent think tank Lowy Institute, Dr. David Brewster of the National Security College at the Australian National University, said the majority belief in Pakistan that the CPEC will "save" the country is dangerous for two major reasons:. While infrastructure is an essential enabler, it will not guarantee Pakistan's economic future, especially when it diverts attention from undertaking serious reform of its unresponsive economy.. Expectations have become so inflated that the CPEC is unlikely to deliver as hoped. Optimistic growth forecasts are already being revised downwards, and therefore, the larger question that surfaces is if these CPEC-related expectations are not met, what ..
L&T bags orders worth Rs 1,391 cr
Larsen & Toubro (L&T) today said it has won orders worth Rs 1,391 crore across business segments. The order has been bagged by its wholly owned subsidiary L&T Hydrocarbon Engineering Limited (LTHE), Larsen & Toubro said in a statement. "LTHE has won new orders in excess of Rs 750 crore in its construction services business vertical," it said. While the company's smart world and communication business received an order worth Rs 209 crore, its water and effluent treatment business has bagged orders worth Rs 432 crore. Shares of the company were trading at Rs 1351.50 apiece, down 0.42 per cent from the previous close on BSE.
Etihad Airways blames rising fuel prices, costly investments as it stays in the red
DUBAI (Reuters) - Etihad Airways reported on Thursday a second consecutive annual loss, blaming rising fuel prices, the cost of its ambitious turnaround plan and lost business due to the collapse of Air Berlin and problems at Alitalia.
Bajaj Allianz Life to focus on affluent customers for ULIPs
Private life insurer Bajaj Allianz Life Insurance would target affluent customers to market its unit linked insurance products (ULIPs) in major metro cities, a company official said today. ULIPs constituted more than 60 per cent of the company's entire portfolio of insurance products in the last fiscal, MD and CEO of Bajaj Life Insurance, Tarun Chugh, said. Speaking to reporters here, he said that ULIPs have more potential in the long-term. "Although mutual funds and ULIPs are similar products, the imposition of long-term capital gains tax (LTCG) on the former has been a boost for us," Chugh said. Since customers in large metro cities are more market savvy than people in the smaller towns, the company is targeting them for ULIPs. In the 2017-18 fiscal, Bajaj Allianz Life Insurance collected Rs 1,000 crore from ULIPs only. The company would also focus more on innovation in new products, he added.
Change of email and mobile number of the authorized signatory by taxpayers
With a view to address this difficulty of the taxpayer, a functionality to update email and mobile number of the authorized signatory is available in the GST System. The email and mobile number can be updated by the concerned Jurisdictional tax authority of the taxpayer as per the following procedure:
Cabinet approves raising of additional share capital of M/s. HDFC Bankup to a maximum of Rs. 24,000 crore
The decision would ensure that the composite foreign shareholding in the bank inclusive of all types of foreign investments, both direct and indirect, will not exceed 74% of the enhanced paid-up equity share capital of the bank. It will be subject to Foreign Direct Investment Policy conditionalities and other sectoral regulations / guidelines.
Everest Kanto Cylinder Ltd leads losers in 'B' group
Punj Lloyd Ltd, Palash Securities Ltd, W S Industries (India) Ltd and Kesar Enterprises Ltd are among the other losers in the BSE's 'B' group today, 14 June 2018.
Select millgate sugar weakens on muted demand
Select millgate sugar prices declined by up to Rs 30 per quintal at the wholesale sugar market in the national capital today owing to slackened demand. Marketmen said, easing demand from stockists against sufficient stocks position led to the decline in select millgate sugar prices. In the millgate section, sugar Mawana and Kinnoni drifted lower by Rs 20 and Rs 30 to Rs 3,270 and Rs 3,400 per quintal, respectively. Sugar Asmoli and Budhana also enquired lower by Rs 20 each to Rs 3,340 each per quintal, respectively. Following are today's quotations (in Rs per quintal) Sugar retail markets - Rs 35-40 per kg. Sugar ready: M-30 Rs 3,530-3,670, S-30 Rs 3,520-3,670. Mill delivery: M-30 Rs 3,240-3,410, S-30 Rs 3,230-3,400. Sugar millgate (including duty): Mawana Rs 3,270, Kinnoni Rs 3,400, Asmoli Rs 3,340, Dorala Rs 3,350, Budhana Rs 3,340, Thanabhavan Rs 3,370, Dhanora Rs 3,390, Simbholi Rs 3,420, Khatuli Rs 3,460, Dhampur Rs 3,280, Sakoti 3,300, Modinagar 3,320, Shamli 3,310, ...
Britons go on spending spree to mark royal wedding, sunshine
LONDON (Reuters) - British retail sales jumped for a second month in a row in May, far outstripping expectations as a royal wedding and warm weather helped shoppers put a winter slump further behind them, data showed on Thursday.
Volumes soar at India Tourism Development Corporation Ltd counter
India Tourism Development Corporation Ltd clocked volume of 1.92 lakh shares by 14:14 IST on NSE, a 8.16 times surge over two-week average daily volume of 23516 shares
Hindusthan National Glass hits the roof
Hindusthan National Glass & Industries hit an upper circuit limit of 20% at Rs 92.70 at 14:25 IST on BSE after the company said it has entered into an agreement for divesting its entire 11.23% holding in HNG Float Glass.
Gold falls on muted demand;silver up on increased offtake
Gold prices slipped by Rs 90 to Rs 31,860 per ten gram at the bullion market today on slackened demand from local jewellers, shrugging off a firm trend overseas. On the other hand, silver ready surged by Rs 400 to Rs 41,950 per kg backed by increased offtake by industrial units and coin makers. Traders said easing demand from local jewellers as well as retailers at the domestic spot market led to the downtrend in gold prices, but a firm trend overseas capped the fall. Globally, gold rose 0.30 per cent to USD 1,302.70 an ounce in Singapore, supported by a weaker dollar and trade worries between the US and China, even as the US Federal Reserve forecast a slight pace of interest rate hike this year. Silver too rose 0.44 per cent to USD 17.08 an ounce in Singapore. In the national capital, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 90 each to Rs 31,860 and Rs 31,710 per ten gram, respectively. It had gained Rs 150 in yesterday's trade. Sovereign gold however remained ...