Page 3722 - Business Finance
BOJ's Kuroda calls for 'rational' G7 debate on trade
WHISTLER, British Columbia (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Thursday called for "rational" debate among G7 nations to prevent protectionist trade measures from disrupting the global economy.
Airbus 'not paralysed' by wait for new CEO: planemaking chief
FRANKFURT (Reuters) - Airbus is not hampered by uncertainty over who will lead the company in the future, its planemaking boss Guillaume Faury told a German newspaper after the European aerospace company said it would nominate a new CEO at the end of the year.
Market nudges higher in early trade
Key benchmark indices nudged higher in early trade following good GDP data announced by the government after market hours yesterday, 31 May 2018. At 9:21 IST, the barometer index, the S&P BSE Sensex, was up 88.97 points or 0.25% at 35,411.35. The Nifty 50 index was up 20.50 points or 0.19% at 10,756.65.
PM Modi accorded ceremonial welcome at Istana Merdeka
Prime Minister Narendra Modi was accorded ceremonial welcome at Istana, the official residence of the President of the Republic of Singapore on Friday.Prime Minister Modi called on Singapore President Halimah Yacob.Prime Minister of Singapore Lee Hsien Loong was also present during the event.Prime Minister Modi and his Singaporean counterpart Lee Hsien Loong will be inking and exchange of MoUs and joint press statements.After the joint presser, Prime Minister Lee will host an official lunch in honour of Prime Minister Modi.Prime Minister Modi will next visit the Nanyang Technical University, which is ranked the best technological university and is considered a leading centre for research in Artificial Intelligence (AI). He will interact with the president and the board members of the university.Following this, Prime Minister Modi will deliver the keynote address of the Shangri-La Dialogue, which will be the first address by an Indian Prime Minister.Prime Minister Modi landed in ...
Bajaj Auto records 30% growth in May sales
Sells 4.07 units in May 2018
SEBI imposes penalty of Rs 10 lakh on DLF
Pertaining to disclosure for utilisation of IPO proceeds filed in 2007
Rupee gains 24 paise against dollar in early trade
Rising for the third day, the rupee appreciated by 24 paise to 67.17 against the US dollar today on continued selling of the American currency by banks and exporters amid robust macroeconomic data. Data released by the CSO yesterday showed gross domestic product (GDP) growth in the January-March quarter of 2017-18 was at a seven-quarter high of 7.7 per cent, helping India retain the tag of world's fastest growing major economy. Forex dealers said besides sustained selling of the American currency by exporters as well as banks, a higher opening in the domestic equity market supported the rupee. However, the dollar's strength against other currencies overseas capped the gains. Yesterday, the local currency had edged up by 2 paise to end at 67.41 against the American currency on stray dollar selling by banks and exporters. Meanwhile, the benchmark BSE Sensex was up 55.60 points, or 0.15 per cent, at 35,377.98 in early trade.
Maruti Suzuki gains after selling over 3 lakh AMT models in India
Maruti Suzuki India rose 1.32% to Rs 8647.50 at 9:19 IST on BSE after the company said it crossed the mark of 3-lakh cumulative sale of cars with the acclaimed auto gear shift technology.
Escorts Agri Machinery Segment records 21% growth in tractors sales
Sells 8325 tractors in May 2018
Global Markets: Asia stocks claw back earlier losses but trade tensions limit gains
TOKYO (Reuters) - Asian equities shook off earlier weakness on Friday, as a softer yen supported Japanese stocks and firm export data drove South Korean markets higher, although rekindled concerns about U.S. protectionist trade policies limited gains.
Petrol price cut by 6 paise per litre, diesel by 5 paise
Prices for petrol and diesel have fallen by 6 paise and 5 paise per litre respectively on Friday.In Delhi, Petrol now costs Rs 78.29 per litre, while diesel price has been revised to Rs 69.20 a litre.Besides Delhi, the revised Petrol prices in other metro cities are - Rs 80.92 in Kolkata, Rs 86.10 in Mumbai and Rs 81.28 in Chennai.Meanwhile, the revised Diesel price was Rs 71.75 in Kolkata, Rs 73.67 in Mumbai and 73.06 in Chennai.The fuel price was slashed for the third day after it remained high for 16 consecutive days.
China May manufacturing sector growth steady, cost pressures returning: Caixin PMI
BEIJING (Reuters) - China's manufacturing sector expanded at a steady pace in May as a pick up in production and domestic business offset a second month of declines in new export orders, a private survey showed on Friday.
China May manufacturing sector growth steady, cost pressures returning - Caixin PMI
BEIJING (Reuters) - China's manufacturing sector expanded at a steady pace in May as a pick up in production and domestic business offset a second month of declines in new export orders, a private survey showed on Friday.
Infosys in focus after launching new Microsoft Cloud Business Unit
IT major Infosys announced an expansion of its relationship with Microsoft to accelerate the digital transformation of enterprise clients. Infosys has launched a new Microsoft Cloud Business Unit that will focus on the comprehensive cloud needs of enterprises - from infrastructure to business applications. The unit at Infosys will consist of a central pool of trained consultants, architects and specialist sales team that will be aligned to four core solution areas - modern workplace, business applications, application development & infrastructure and data & analytics. The new unit is chartered to develop and deliver integrated experiences, solutions and services spanning Microsoft Azure, Microsoft Office 365, Windows 10 and Microsoft Dynamics 365. The announcement was made after market hours yesterday, 31 May 2018.
Market may open higher
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 26 points at the opening bell. Auto stocks will be in focus as the auto companies will start announcing monthly sales numbers for May 2018 starting from today, 1 June 2018.
Australian banking in shock as ANZ faces criminal charges
SYDNEY (Reuters) - Australian banking was in shock on Friday as No. 3 lender Australia and New Zealand Banking Group Ltd faced criminal cartel charges over a $2.3 billion share issue, along with underwriters Deutsche Bank and Citigroup.
AirAsia scam: Cyrus Mistry tears into Tata for dragging his name
Former Tata Group chief Cyrus Mistry on Thursday slammed AirAsia India director's Ramachandran Venkataraman for dragging his name in the AirAsia India scam case.After the Central Bureau of Investigation (CBI) booked Venkatraman in connection with the scam in Air Asia clearance, the latter on Wednesday issued a statement refuting the allegation.In a statement, he said, "In my capacity as non-executive director of Air Asia India Limited, I have been wrongly named as an accused by the CBI on operational matters where I had little or no role to play. It is commonly known that the present accusations qua Air Asia India find their root in baseless allegations made by Mr. Cyrus P Mistry and the Shapoor Pallonji Group against Tata Trusts Trustees (me included) and Tata Sons in his 'revenge' legal actions."Calling the allegations, malicious and defamatory, Mistry added, "R Venkataraman, as the Managing Trustee of the Tata Trusts, should know better than to drag the name of such a remarkable ...
Airline executives brace for oil price turbulence at Sydney gathering
SYDNEY (Reuters) - Airline executives are gathering in Sydney's winter chill under the shadow of higher oil prices and a string of accidents after enjoying a near-spotless 2017 in terms of profits and safety.
Indian Economy is on right track: Piyush Goyal
After India on Thursday retained the fastest growing major economy tag; Union Finance Minister Piyush Goyal asserted that nation's economy is on the right track.India's GDP grew at the fastest pace in seven quarters at 7.7 per cent in January-March.Following the report on India's economic growth, Goyal told ANI that the nation is now set to achieve even higher growth in the future."GDP growth has been increasing continuously every quarter with growth of 7.7 per cent in Q4 of 2017-18. Shows that the economy is on the right track and set for even higher growth in the future," Goyal said.The minister also hailed and credited Prime Minister Narendra Modi and Finance Minister Arun Jaitley for the development."...This is Sahi Vikas under the leadership of PM Narendra Modi ji and Arun Jaitley ji," he tweeted.The minister further said that an immense growth in the field of manufacturing, agricultural and the construction has also been recorded, while highlighting that the manufacturing and ...
Deutsche Bank's U.S. ops deemed 'troubled' by Fed a year ago: WSJ
FRANKFURT (Reuters) - The United States Federal Reserve last year designated Deutsche Bank AG's U.S. operations to be in "troubled condition", The Wall Street Journal reported on Thursday, citing people familiar with the matter.