Page 3582 - Business Finance

Caution over macro-data, global cues subdue equity indices

Caution ahead of macro-economic industrial production and inflation data points subdued the key indices of the Indian equity market to trade on a flat-to-positive note during the early morning session on Tuesday.

Ivanka Trump, Jared Kushner made USD 82 mn last year: reports

President Donald Trump's daughter and son in law made at least USD 82 million in outside income while serving as senior White House advisers last year thanks to investment deals from companies they had previously led, news reports said today. Ivanka Trump reported USD 3.9 million from her stake in the Trump International Hotel in Washington, as well as more than USD 2 million in severance pay from the Trump Organization, the Washington Post said, citing financial disclosure forms released today. Her husband Jared Kushner earned more than USD 5 million in income from the Kushner Cos. apartment complex Quail Ridge in New Jersey. Kushner declared income from dozens of companies linked to his family's real estate company. In all, he took in at least USD 70 million, the Post said. Kushner and Trump, who have put their daily management of their companies on hold while they serve at the White House, have still managed to obtain huge amounts of income from other firms during their stint in ...

Market drifts higher in early trade

Domestic stocks edged higher in early trade. At 9:24 IST, the barometer index, the S&P BSE Sensex, was up 55.66 points or 0.16% at 35,539.13. The Nifty 50 index was up 20.50 points or 0.19% at 10,807.45. Marketmen are keenly awaiting a series of domestic and global events this week.

Sensex rises 84 pts, Nifty above 10,800

The benchmark Sensex rose over 84 points while the Nifty reclaimed the 10,800-mark as investors looked forward to release of key macroeconomic data due today amid a firming trend in Asia. The 30-share BSE Sensex went up 84.35 points, or 0.23 per cent, to 35,567.82. The gauge had gained 39.80 points in the previous session. Optimistic buying in blue-chip stocks ahead of IIP data for April and CPI inflation for May, to be released after market closing today, lifted stocks higher, brokers said. All the sectoral indices led by healthcare, consumer durables, oil and gas, banking and auto were in the green, with gains of up to 0.84 per cent. The NSE Nifty recaptured the key 10,800-level by rising 29.85 points, or 0.27 per cent, to 10,816.80. Prominent gainers were Dr Reddy's, Wipro, Adani Ports, M&M, Bharti Airtel, Tata Motors, SBI, IndusInd Bank,ITC Ltd, Sun Pharma, L&T, TCS and Asian Paints, rising by up to 1.80 per cent. Brokers said besides unabated buying by domestic ...

DCM Shriram jumps on buyback plan

DCM Shriram rose 4.49% to Rs 283 at 9:28 IST on BSE after the company said that its board will consider buyback on 18 June 2018.

IndusInd Bank disburses Rs 33.5 crore loan to Grameen Impact

Under loan guarantee from OPIC

Rupee sheds 10 paise against USD ahead of macro data

The rupee depreciated by 10 paise to 67.52 against the US dollar in early trade today ahead of release of key IIP and inflation data. Dealers attributed the rupee's fall to fresh demand for the US currency but a higher opening in domestic stocks limited the fall. Major currencies were mostly weak against the US dollar overseas as a historic US-North Korea summit got underway in Singapore. Yesterday, the rupee had ended 8 paise higher at 67.42 against the US currency, cutting short its two-day decline. Meanwhile, the benchmark BSE Sensex was trading higher by 84.35 points, or 0.23 per cent, at 35,567.82 in opening deals.

Kim learned about Singapore's development during night tour

North Korean leader Kim Jong-un learned about the "social and economic development" of Singapore during his surprise night tour, one day ahead of his planned summit with US President Donald Trump on Tuesday, according to Pyongyang state media.

Nahar Capital & Financial Services standalone net profit rises 55.39% in the March 2018 quarter

Sales decline 1.19% to Rs 1.66 crore

International Conveyors reports standalone net loss of Rs 2.74 crore in the March 2018 quarter

Sales rise 64.55% to Rs 15.27 crore

COSCO (India) standalone net profit declines 72.67% in the March 2018 quarter

Sales decline 16.29% to Rs 33.50 crore

Indo Borax & Chemicals standalone net profit rises 71.26% in the March 2018 quarter

Sales rise 64.07% to Rs 31.19 crore

ETT reports standalone net loss of Rs 1.97 crore in the March 2018 quarter

Sales rise 7.81% to Rs 0.69 crore

National Plastic Technologies standalone net profit declines 22.22% in the March 2018 quarter

Sales rise 6.94% to Rs 21.11 crore

Shentracon Chemicals reports standalone net profit of Rs 0.01 crore in the March 2018 quarter

Reported sales nil

ICSA (India) reports standalone net loss of Rs 135.40 crore in the March 2018 quarter

Reported sales nil

R R Securities reports standalone net loss of Rs 0.04 crore in the March 2018 quarter

Reported sales nil

Bombay Potteries & Tiles reports standalone net loss of Rs 0.01 crore in the March 2018 quarter

Reported sales nil

Suncity Synthetics reports standalone net profit of Rs 1.38 crore in the March 2018 quarter

Sales rise 15.17% to Rs 9.64 crore

CHD Developers reports standalone net loss of Rs 1.23 crore in the March 2018 quarter

Sales rise 17.52% to Rs 42.72 crore