Page 3581 - Business Finance
Axis Bank allots 76,450 equity shares
Under ESOP
Subros wins multiple awards from its customers
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New World Trade Centre skyscraper opens
A new World Trade Centre skyscraper was opened for business in New York city, 16 years after the 2001 terror attacks.
Refined soya oil sheds 0.48% on ample stocks
Refined soya oil prices drifted lower by 0.48 per cent to Rs 749.20 per 10 kg in futures market today as speculators engaged in reducing their holdings, triggered by adequate stocks position at spot market on increased supplies. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July fell by Rs 3.65, or 0.48 per cent to Rs 749.20 per 10 kg with an open interest of 45,370 lots. On similar lines, the oil for delivery in June was trading lower by Rs 2.30, or 0.31 per cent to Rs 738 per 10 kg in 35,530 lots. Analysts said trimming of positions by participants on the back of sufficient stocks position on increased arrivals from producing regions in the physical market against lower demand, mainly kept refined soya oil prices down at futures trade.
Mentha oil futures down 2.97 pc on subdued demand
Mentha oil prices went down by 2.97 per cent to Rs 1,135 per quintal in futures trade today, as speculators trimmed positions, driven by subdued demand from consuming industries at spot market. Besides, ample stocks position on higher supplies from major producing belts of Chandausi in Uttar Pradesh, fuelled the downtrend. At the Multi Commodity Exchange, mentha oil for delivery in June declined by Rs 34.70, or 2.97 per cent, to Rs 1,135 per kg in a business turnover of 462 lots. Likewise, the oil for delivery in July traded lower by Rs 34.10, or 2.88 per cent, at Rs 1,148 per kg in 174 lots. Analysts said, offloading of positions by participants owing to slackened demand from consuming industries at the spot market against ample stocks position led to the decline in mentha oil prices in futures trade.
Global Markets: Stocks, dollar rise as Trump says U.S.-North Korea summit 'really very positive'
SYDNEY (Reuters) - The dollar jumped to a three-week top on Tuesday and Asian shares rose as U.S. President Donald Trump said a summit meeting with North Korea's Kim Jong Un had made "a lot of progress," boosting hopes of a landmark deal to end a nuclear standoff on the Korean peninsula.
Zinc futures down on weak spot cues
Zinc prices eased by 0.41 per cent to Rs 217.10 per kg in futures market today as speculators engaged in reducing their positions, taking negative cues from spot market on sluggish demand. At the Multi Commodity Exchange, zinc for delivery in June eased by 90 paise, or 0.41 per cent to Rs 217.10 per kg in a business turnover of 649 lots. Likewise, the metal for delivery in July was trading lower by 80 paise, or 0.37 per cent to Rs 216.90 per kg in 13 lots. Analysts said cutting down of positions by participants on the back of easing demand from consuming industries in the physical market mainly kept zinc prices down at futures trade.
Silver futures fall 0.24 pc on global cues
Silver prices declined by Rs 98 to Rs 41,345 per kg in futures trade today as speculators cut down their bets amid a weakening trend overseas. Silver for delivery in far-month September traded lower by Rs 98, or 0.24 per cent, to Rs 41,345 per kg in a business turnover of 3 lots in futures trading at the Multi Commodity Exchange (MCX). On similar lines, the white metal for delivery in July was trading lower by Rs 91, or 0.22 per cent, at Rs 40,700 per kg in a business turnover of 226 lots. In the international market, silver traded 0.35 per cent lower at USD 16.84 an ounce in Singapore. Market analysts said trimming of positions by participants tracking a weak trend in precious metals in global markets kept pressure on silver futures.
Volumes soar at DCM Shriram Ltd counter
DCM Shriram Ltd clocked volume of 86483 shares by 10:54 IST on BSE, a 2.91 times surge over two-week average daily volume of 29741 shares
Markets cautious ahead of inflation data
Market indices traded cautiously on Tuesday morning, ahead of the announcement of inflation and industrial production data.The BSE's Sensex traded 169.79 points higher at 35,653.26, while Nifty edged ahead of the 10,800 mark to trade at 10,836.65 at the time of filing this report.All sectoral indices opened flat, with maximum gains witnessed in the pharmaceutical segment.Among top gainers are Dr Reddy's Labs, Wipro, and Indian Oil (IOC), while Tata Steel, Infosys and UPL incurred losses.On the Asian front, shares began trading cautiously in the wake of the ongoing summit between United States President Donald Trump and North Korean leader Kim Jong-un in Singapore.Japan's Nikkei witnessed a three-week high, while South Korean shares added 0.1 percent, reports moneycontrol.Meanwhile, the Indian rupee opened at Rs.67.45 for one US dollar, as against its previous close of Rs.67.42 per dollar.
Lead futures gain as demand picks up
Lead prices moved up by 0.15 per cent to Rs 167.55 per kg in futures trade today as speculators built up fresh positions following uptick in demand at the spot market. At the Multi Commodity Exchange, lead for delivery in June was trading higher by 25 paise, or 0.15 per cent to Rs 167.55 per kg in business turnover of 567 lots. Analysts said fresh positions built up by traders, driven by upsurge in demand from battery-makers in the physical market mainly influenced lead prices at futures trade.
Gold futures fall Rs 96 on weak global cues
Gold drifted lower by Rs 96 to Rs 31,401 per 10 grams in futures trade today as participants scaled down their positions, largely in tandem with a weak trend overseas. At the Multi Commodity Exchange, gold for delivery in far-month October was trading lower by Rs 96, or 0.30 per cent, at Rs 31,401 per 10 grams in a business turnover of 1 lot. Gold for delivery in August too fell by Rs 75, or 0.24 per cent to Rs 31,141 per 10 grams in a business volume of 241 lots. Analysts said a weak trend prevailed in the overseas market where gold dropped, weighed down by a stronger dollar and a likely interest rate hike by the US Federal Reserve, eroding demand for the precious metal as a safe haven. Globally, gold fell 0.28 per cent to USD 1,296.30 an ounce in Singapore.
Global Markets: Stocks on edge, dollar rises as Trump, Kim raise hopes at landmark summit
SYDNEY (Reuters) - The dollar jumped to a 3-week top on Tuesday while stock markets in Asia ticked higher as a landmark U.S.-North Korea summit in Singapore raised hopes the bitter foes might be able to strike a deal to end a nuclear stand-off on the Korean peninsula.
Fortis Healthcare extends deadline for submission of binding bids to June 28
Cash-strapped Fortis Healthcare, which is in the process of finding a buyer, has extended the deadline for submission of binding bids to June 28. Earlier this month, Fortis Healthcare had shortlisted four entities -- the Munjal-Burman combine, Manipal-TPG consortium, Malaysia's IHH Healthcare Berhad and Radiant Life Care to bid for the sale of its business. Last month, Fortis Healthcare had initiated a fresh time-bound bidding process for its sale after terminating the offer made by the Munjal-Burman combine. The earlier deadline for submitting fresh binding bids was June 14. "The date for submission of the binding bids...stands revised to Thursday, June 28, 2018," Fortis Healthcare said in a regulatory filing. As per the criteria set by the company, the buyers have to make a minimum investment of Rs 1,500 crore into Fortis Healthcare by way of preferential allotment apart from having a plan for funding the acquisition of RHT Health Trust (RHT) and a plan for providing exit to private
Market extends gains
Key benchmark indices extended gains and hit fresh intraday high in morning trade. At 10:28 IST, the barometer index, the S&P BSE Sensex, was up 180.62 points or 0.51% at 35,664.09. The Nifty 50 index was up 52.20 points or 0.48% at 10,839.15. Marketmen are keenly awaiting a series of domestic and global events this week.
CEAT announces resignation of company secretary
With effect from 11 June 2018
Indiabulls Ventures allots 7.96 crore equity shares
On 11 June 2018
Usha Martin spurts on plan to sell steel business
Usha Martin rose 4.75% to Rs 30.90 at 9:46 IST on BSE after the company said it is planning sale of steel business to deleverage balance sheet.
Cords Cable industries becomes approved vendor for a Gulf Oil major
This registration will allow Cords Cable Industries to supply following types of Cables: a. Instrumentation & Control b. Fiber Optics c. LV Power distribution
Qualcomm-led $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.