Page 3577 - Business Finance
Mobile data traffic in India to grow 5 times by 2023: Ericsson report
With exponential rise in smartphone subscriptions and LTE/4G becoming the most dominant technology by 2023, the total mobile data traffic per month in India is set to grow five times in the next five years, according to an Ericsson report on Tuesday.
Centre to sponsor 50% Goa bridge cost
Road Transport and Highways Minister Nitin Gadkari on Tuesday said his Ministry will bear 50 per cent of the cost of an upcoming Rs 860 crore bridge across the Mandovi river near Panaji.
China to launch $47 billion fund for investment in strategic, emerging industries - state planner
BEIJING (Reuters) - China's state planner said on Tuesday it would jointly launch with China Construction Bank 300 billion yuan ($46.88 billion) worth of funds for investment in strategic and emerging industries.
Qualcomm topped $20.2bn smartphone chip market in 2017
As the global smartphone Applications Processor (AP) market declined 5 per cent (year-over-year) to reach $20.2 billion in 2017, Qualcomm was the leader with 42 per cent revenue share, a new report said on Tuesday.
Indices trim gains amid volatile trade
A bout of volatlity was seen as key indices trimmed gains after hitting fresh intraday high in afternoon trade as profit booking emerged at higher levels. At 13:17 IST, the barometer index, the S&P BSE Sensex, was up 167.41 points or 0.47% at 35,650.88. The Nifty 50 index was up 42.65 points or 0.40% at 10,829.60. Sentiment on the domestic bourses was boosted by upbeat global stocks after US President Donald Trump and North Korean leader Kim Jong Un reportedly signed an unspecified document in Singapore.
Turmeric futures rise 0.80% pc on firm demand
Turmeric prices rose by 0.80 per cent to Rs 7,092 per quintal in futures trade today as speculators widened bets tracking improvement in physical demand. Besides, fall in supplies from growing regions also fuelled the up-trend. At the National Commodity and Derivatives Exchange, turmeric for delivery in this month was trading higher by Rs 56, or 0.80 per cent, to Rs 7,092 per quintal, with an open interest of 105 lots. The spice for delivery in July also increased by Rs 46, or 0.64 per cent, was trading at Rs 7,180 per quintal, in an open interest of 15,450 lots. Analysts said, fresh positions created by participants following upsurge in domestic as well as exports demand at the spot market against restricted supplies from producing regions, mainly pushed up turmeric prices at futures trade.
RBI Governor appears before parliamentary panel
Reserve Bank of India (RBI) Governor Urjit Patel has appeared before the parliamentary panel on finance here on Tuesday.Led by Congress Party leader Veerappa Moily, the panel has summoned Patel to discuss various issues including the amount of cash returned post demonetisation.As per sources, the RBI Governor was to appear before the Committee on May 17 in the wake of recent banking scams and the issue of non-performing assets (NPAs).Sources further claimed that the decision to summon Patel was taken during a Committee meeting held in April, which was attended by former Prime Minister Manmohan Singh and Moily, among othersA number of banking scams have surfaced in the recent past involving state and private lenders such as Punjab National Bank (PNB), ICICI Bank, and so on.In March, Patel had stated that it was not possible for any banking regulator to catch or prevent all frauds.Delivering the inaugural lecture at National Law University, Gandhinagar, Patel said, "There has been a ...
Gold dips on strong dollar post Trump-Kim meeting; Fed in focus
BENGALURU (Reuters) - Gold prices edged lower on Tuesday as the dollar strengthened following a positive U.S.-North Korea summit, with markets now waiting for a likely interest rate hike by the U.S. Federal Reserve.
Jeera futures rise 0.94% on spot demand
Jeera prices rose by 0.94 per cent to Rs 16,090 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 supported the upmove. At the National Commodity and Derivatives Exchange, jeera for delivery in the current month rose by Rs 150, or 0.94 per cent, to Rs 16,090 per quintal, with an open interest of 768 lots. Likewise, for July prices increased by Rs 105, or 0.65 per cent, to Rs 16,260 per quintal, as the open interest of contract stood at 5,484 lots. Traders said, speculative positions built up by participants amid rising domestic as well as export demand led to the rise in jeera prices.
Mahindra & Mahindra Financial Services Ltd rose for a fifth straight session today
The stock is quoting at Rs 490.75, up 0.63% on the day as on 12:54 IST on the NSE. Mahindra & Mahindra Financial Services Ltd is up 42.12% in last one year as compared to a 12.86% gain in NIFTY and a 14.75% gain in the Nifty Financial Services.
IIFL Holdings Ltd gained for a fifth straight session today
The stock is quoting at Rs 720.65, up 0.86% on the day as on 12:54 IST on the NSE. IIFL Holdings Ltd is up 21.73% in last one year as compared to a 12.86% spurt in NIFTY and a 14.75% spurt in the Nifty Financial Services.
Bank of Baroda rose for a fifth straight session today
The stock is quoting at Rs 133.8, up 0.07% on the day as on 12:54 IST on the NSE. Bank of Baroda is down 21.18% in last one year as compared to a 12.86% gain in NIFTY and a 13.12% gain in the Nifty Bank.
Punjab National Bank gained for a fifth straight session today
The stock is quoting at Rs 92.1, up 0.55% on the day as on 12:54 IST on the NSE. Punjab National Bank is down 38.08% in last one year as compared to a 12.86% jump in NIFTY and a 13.12% jump in the Nifty Bank.
Tea production down by 7.21% in April
India's estimated tea production fell by 7.21 per cent to 85.74 million kg in April 2018 from 92.41 million kg produced in the year-ago month, according to data from the Tea Board of India.
Global Markets: Stocks, dollar rise as Trump, Kim sign 'comprehensive' document at landmark summit
SYDNEY (Reuters) - The dollar hovered near 3-week highs on Tuesday and Asian shares gained as U.S. President Donald Trump and North Korean leader Kim Jong Un signed a 'comprehensive' deal at a historic summit aimed at the denuclearisation of the Korean peninsula.
Firm global cues lift Indian equity indices
Positive global cues including strong Asian markets and the historic meet between US President Donald Trump and North Korean leader Kim Jong-un lifted the key Indian equity indices on Tuesday afternoon.
Sensex, Nifty hold firm
Firmness prevailed on the bourses in early afternoon trade on steady buying demand in index pivotals. At 12:15 IST, the barometer index, the S&P BSE Sensex, was up 198.09 points or 0.56% at 35,681.56. The Nifty 50 index was up 57.05 points or 0.53% at 10,844. Most FMCG stocks rose. Sentiment on the domestic bourses was boosted by upbeat Asian stocks after US President Donald Trump and North Korean leader Kim Jong Un reportedly signed an unspecified document in Singapore.
V-Mart Retail opens fashion store in Uttarakhand state
This takes the total number of stores to 179 Stores in 149 Cities across 14 states, with 37 composite stores & 142 fashion stores with a total area of approx. 15 lakhs sq. ft.
Tokyo stocks close higher after US-N. Korea summit
Tokyo stocks gained today, extending rallies on Wall Street as investors largely welcomed a historic summit between the United States and North Korea. The benchmark Nikkei 225 index rose 0.33 percent or 74.31 points to close at 22,878.35, while the broader Topix index was up 0.33 percent or 5.98 points at 1,792.82. "The market largely welcomed the US-North Korea summit," said Hikaru Sato, senior technical analyst at Daiwa Securities. "The fact that the summit took place without a breakdown can be regarded as a positive factor," Sato told AFP. "But we will have to keep an eye on the two countries for now as they have just begun the process." US President Donald Trump said there had been a "lot of progress" in his talks with North Korea's leader Kim Jong Un, before the pair signed a document together. The first-ever summit between sitting leaders of the two foes went "better than anybody could have expected", said Trump, who is scheduled to hold a news conference later in the ...
Oil prices rise with global markets as Trump hails positive meeting with Kim
SINGAPORE (Reuters) - Oil prices rose alongside global markets on Tuesday as U.S. President Donald Trump said a summit in Singapore with North Korea's Kim Jong Un had made "a lot of progress", boosting hopes of a deal to end a nuclear standoff on the Korean peninsula.