Page 3721 - Business Finance
Idea Cellular firms up on wrapping up tower sale
Idea Cellular rose 1.22% to Rs 62.40 at 10:52 IST on BSE after the company announced completion of sale of standalone tower business to ATC Telecom Infrastructure.
Volumes jump at Vakrangee Ltd counter
Vakrangee Ltd witnessed volume of 371.53 lakh shares by 10:54 IST on BSE, a 103.91 times surge over two-week average daily volume of 3.58 lakh shares
Now Facebook shareholders slam Zuckerberg over voting shares
After facing the flak from different quarters including governments around the world over the Cambridge Analytica data leak scandal, Facebook CEO Mark Zuckerberg has now faced angry shareholders for unequal voting shares, the media reported.
Lead futures slide 0.54 pc on weak spot cues
Lead prices drifted lower by 0.54 per cent to Rs 165.40 per kg in futures trade today as speculators cut their bets, taking negative cues from the spot market on subdued demand. At the Multi Commodity Exchange, lead for delivery in June month was trading lower by 90 paise, or 0.54 per cent to Rs 165.40 per kg in business turnover of 216 lots. Analysts said cutting down of positions by traders owing to tepid demand from battery-makers in the physical market weighed on lead prices in futures trade.
Muted demand drags down aluminium futures by 0.16 pc
Aluminium prices declined 0.16 per cent to Rs 155.90 per kg in futures market today as speculators reduced their exposure, driven by a fall in demand in the spot market. At the Multi Commodity Exchange, aluminium for delivery in July month declined by 25 paise, or 0.16 per cent to Rs 155.90 per kg in business turnover of 4 lots. On similar lines, the metal for delivery in June contracts shed 20 paise, 0.13 per cent to Rs 155.65 per kg in 174 lots. Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market weighed on aluminium prices at futures trade.
HCL Technologies announces partnership with JDA
To accelerate development and extend value of JDA Commerce, SofTechnics, and Pricing and Revenue Management solutions
China to slash import tariffs on many consumer products by 60 percent from July 1
BEIJING (Reuters) - China will cut import tariffs on nearly 1,500 consumer products ranging from cosmetics to home appliances from July 1, in a bid to boost imports as part of efforts to open up the economy.
ANZ, Deutsche Bank, Citigroup face 'criminal cartel' charges
Financial institutions ANZ, Deutsche Bank and Citigroup will be prosecuted on criminal cartel charges, Australia's consumer watchdog announced on Friday.
PNC Infratech rises after bagging project
PNC Infratech rose 1.13% to Rs 178.90 at 10:28 IST on BSE after the company said it was declared lowest bidder for Nagpur-Mumbai Expressway project worth Rs 2099.52 crore.
Silver futures slide 0.44 pc on global cues
Silver prices fell 0.44 per cent to Rs 39,728 per kg in futures trading today as speculators cut down their bets, driven by a weak global trend. At the Multi Commodity Exchange, silver for delivery in July drifted lower by Rs 176, or 0.44 per cent to Rs 39,728 per kg in business turnover of 13 lots. Likewise, the white metal for delivery in far-month September contracts declined by Rs 156, or 0.38 per cent to Rs 40,366 per kg in 13 lots. Analysts said offloading of positions by participants on the back of a weak trend overseas mainly pulled down silver prices at futures trade. Globally, silver fell 0.06 per cent to USD 16.38 an ounce in Singapore.
ICICI Bank denies media report on sending Chanda Kochhar on leave
(Reuters) - ICICI Bank Ltd on Friday denied a media report that said CEO Chanda Kochhar has been asked to go on leave until an independent enquiry on alleged cases of impropriety is concluded.
Gold futures remain weak, shed 0.40 pc on global cues
Gold prices drifted lower by 0.40 per cent to Rs 31,122 per 10 grams in futures trading today as speculators trimmed their positions, tracking a weak global trend. At the Multi Commodity Exchange, gold for delivery in far-month August fell by Rs 124, or 0.40 per cent to Rs 31,122 per 10 grams in business turnover of 363 lots. On similar lines, the metal for delivery in June month contract was trading lower by Rs 107 or 0.35 per cent to Rs 30,724 per 10 grams in 30 lots. Market analysts said offloading of positions by participants in line with a weak trend overseas mainly kept gold prices down at futures trade. Globally, gold fell 0.03 per cent to USD 1,297.50 an ounce in Singapore.
Market breadth turns negative
Stocks hovered in a small range in morning trade. At 10:15 IST, the barometer index, the S&P BSE Sensex, was up 53.96 points or 0.15% at 35,376.34. The Nifty 50 index was up 13.85 points or 0.13% at 10,750. Cement stocks gained. Telecom stocks saw mixed trend. Good GDP data announced by the government boosted market sentiment.
Crude oil eases on record U.S. production, OPEC supply hopes
SINGAPORE (Reuters) - Crude oil futures lost more ground on Friday, with the U.S. market set for a second week of decline on pressure from record U.S. production and expectations of OPEC boosting output.
Mueller probe spending tops $17mn
The US Justice Department has spent more than $17 million on its Russia investigation since special counsel Robert Mueller was appointment in May 2017, according to a government report.
Vikas Ecotech provides production and sales update
Targets higher sales in Q1 FY19
Jain Irrigation Systems gets upgradation in credit ratings
From India Ratings and Research
U.S. job growth seen picking up, wage growth likely moderate
WASHINGTON (Reuters) - U.S. job growth likely accelerated in May as warmer weather boosted hiring at construction sites, but wage gains are expected to have remained marginal, pointing to moderate inflation pressures in the economy.
Sensex extends gains on robust GDP data
The BSE Sensex advanced about 106 points in early session today, maintaining its positive form for the second day following robust growth data for the March quarter. Investors creating new positions at the beginning of the June futures and options (F&O) series also lifted the key indices. The 30-share index, which had rallied 416.27 points in the previous session, was trading higher by 105.57 points, or 0.30 per cent, at 35,427.95. Sectoral indices, led by metal, auto, teck, IT, consumer durables and capital goods, were trading in the positive zone with gains of up to 1.13 per cent. The NSE Nifty also went up by 25.40 points, or 0.24 per cent, to 10,761.55. Official data released after market hours yesterday showed that India's January-March 2018 GDP growth soared to a seven-quarter high of 7.7 per cent, spurred by robust performance of manufacturing, construction and service sectors, helping it retain the tag of the fastest growing major economy. The rupee appreciating against ...
Delhi: Non-subsidised LPG gets Rs 48 jump, subsidised up by Rs 2.34
In yet another blow to the common man after the continuous hike in fuel prices in the past few weeks, the prices for Liquefied Petroleum Gas (LPG) got increased by Rs 2.34 and Rs 48 for subsidised and non-subsidised cylinders respectively in the national capital on Friday.The new price for subsidised (Rs./14.2 Kg) cylinder in Delhi is Rs 493.55, while that of non-subsidised cylinder is Rs 698.50.Besides Delhi, the new rates for subsidised cylinder are Rs 496.65 in Kolkata, Rs 491.31 in Mumbai and Rs 481.84 in Chennai respectively.Meanwhile, the new prices for non-subsidised cylinder are Rs 723.50 in Kolkata, Rs 671.50 in Mumbai and Rs 712.50 in Chennai.This comes after the Central government got slammed for hiking the fuel prices for 16 consecutive days until May 30, when the common man finally got some respite with a mere decline in the petrol and diesel prices.On Friday, prices for petrol and diesel fell by 6 paise and 5 paise per litre respectively.In Delhi, Petrol now costs Rs ...