Page 3759 - Business Finance
Dilip Buildcon Ltd leads losers in 'A' group
Aban Offshore Ltd, Gujarat Pipavav Port Ltd, Oil India Ltd and HCL Infosystems Ltd are among the other losers in the BSE's 'A' group today, 30 May 2018.
Banking operations hit in Ker as 30,000 employees go on strike
: Banking operations came to a standstill in Kerala today with about 30,000 employees and officers of various banks participating in a two-day nation-wide strike protesting against the two per cent wage hike offered by the Indian Banks Association. Functioning of 5,200 branches in the state was hit due to the strike. In the state capital, as part of the agitation, employees took out a march from Fine Arts College at Palayam to State Bank of India's city branch near the Secretariat. According to All India Bank Employees Association (AIBEA) Joint Secretary, K S Krishna, ATMs had been loaded fully yesterday and customers were unlikely to be hit due to the strike. However, many people complained that several ATMs had gone dry yesterday itself and they found it difficult to meet emergency needs. Nearly 10 lakh employees, working in various branches of 21 public sector banks, 13 old generation private sector banks, six foreign banks and 56 regional rural banks across the ...
If one paisa cut in fuel prices PM's 'prank', it is in poor taste: Rahul
Congress president Rahul Gandhi today slammed the one paisa cut in fuel prices, saying if this was Prime Minister Narendra Modi's idea of a "prank", it was "childish and in poor taste". Petrol and diesel prices were today cut by one paisa per litre each, the first reduction after 16 days of relentless price hikes. Gandhi said the one paisa cut in petrol rates was not a "suitable response" to the fuel challenge he threw to the prime minister a few days ago. "Dear PM, You've cut the price of Petrol and Diesel today by 1 paisa. ONE paisa!?? If this is your idea of a prank, it's childish and in poor taste," Gandhi tweeted. "P.S. A ONE paisa cut is not a suitable response to the 'Fuel Challenge' I threw you last week," he said. The marginal decline in the fuel prices had its share of excitement with state-owned Indian Oil Corp (IOC) first announcing a reduction of 60 paise -- the biggest since daily price revision was introduced in mid-June last year, only to retract it within a couple of .
D-Link India hits the roof after Q4 results
D-Link India hit an upper circuit limit of 5% at Rs 96.15 at 14:30 IST on BSE after the company reported net profit of Rs 5.31 crore in Q4 March 2018 compared with net loss of Rs 1.52 crore in Q4 March 2017.
Weizmann Forex Ltd leads losers in 'B' group
Bella Casa Fashion & Retail Ltd, Arrow Greentech Ltd, Manpasand Beverages Ltd and Lancer Containers Lines Ltd are among the other losers in the BSE's 'B' group today, 30 May 2018.
What a relief! Petrol, diesel prices down 1 paise after 16-day continuous surge
Prices of petrol and diesel were cut by one paise on Wednesday after the Indian Oil Corp's (IOC) website initially showed a fall of around 50-60 paise per litre of the fuels.
Upgraded Pinaka rocket successfully test-fired
An upgraded version of Pinaka rocket, with a guidance system and an enhanced range, was successfully test-fired from the Proof & Experiment Establishment (PXE) at Chandipur in Odisha today. "Two rounds of tests have been conducted and some more rounds have been planned," said a defence source here. The earlier Pinaka version, which was an unguided one, has now been upgraded into a guided version, with a navigation, guidance and control kit developed by the Research Centre, Imarat (RCI), Hyderabad, he said. The RCI comes under the Defence Research and Development Organisation (DRDO). According to a source in the DRDO, the conversion helped in enhancing the range and accuracy of Pinaka. If its range was earlier 40 km, it is more than 70 km now, he said. "Radars, electro-optical systems and telemetry systems at the defence range at Chandipur, tracked and monitored the rocket all through its flight path. The guided version is Pinaka mark-II, which evolved from Pinaka mark-I," the
Volumes spurt at Merck Ltd counter
Merck Ltd notched up volume of 4.61 lakh shares by 14:19 IST on NSE, a 15.86 fold spurt over two-week average daily volume of 29091 shares
Market recovers from lower levels
Key benchmark indices cut losses in highly volatile mid-afternoon trade soon after reversing intraday gains. At 14:23 IST, the barometer index, the S&P BSE Sensex, was down 59.61 points or 0.17% at 34,889.63. The Nifty 50 index was down 23.55 points or 0.22% at 10,609.75. Most auto stocks declined. Metal and mining stocks saw mixed trend.
Moody's cuts India's GDP forecast to 7.3% from 7.5%
Moody's Investors Service report on Wednesday has cut India's GDP growth forecast to 7.3 per cent in 2018, from previous forecast of 7.5 per cent due to higher oil prices and tighter financial conditions.
Banking services in AP, Telangana hit as employees go on
: Banking services in Telangana and Andhra Pradesh were hit as about 85,000 employees belonging to various banks participated in the nation-wide strike today, a bank employees union leader said. United Forum of Bank Unions (UFBU), an umbrella body of various bank unions like AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO called for the two-day strike today and tomorrow, pressing various demands including wage revision in the wake of the proposal for a two per cent hike in salary. "About 85,000 employees and officers working in 13,000 branches of 21 public sector banks and 10 old generation banks in Andhra Pradesh and Telangana participated in the strike. Banking operations were totally paralysed," All-India Bank Employees Association National Secretary, BS Rambabu told PTI. Currency chests and clearing houses also did not function, he said adding the situation will be similar tomorrow also. He said demonstrations were held in front of all bank branches by .
Rajasthan: Banking services hit as 30,000 employees go on two-day strike
Banking services in Rajasthan were crippled as nearly 30,000 employees of various banks went on a two-day nationwide strike from today, protesting the meagre 2 per cent wage hike offered by the Indian Banks' Association (IBA). The strike is likely to affect Rs 10,000 crore worth transactions daily. Nearly 5,500 bank branches are shut and 30,000 employees are on strike in support of nationwide stir, the United Forum of Bank Unions convenor (Rajasthan) Mahesh Mishra said. He added that the bank employees will tomorrow lodge a protest here at Ambedkar Circle. Nearly 10 lakh employees, working in various branches of 21 public sector banks, 13 old generation private sector banks, six foreign banks and 56 regional rural banks across the country went on the strike as the banking lobby, Indian Banks Association (IBA), offered them a nominal wage revision.
Banking services hit hard by strike in Maha; protest march in Mumbai
Crippling banking operations, nearly 60,000 sectoral employees in Maharashtra struck work from today, as part of the two-day nationwide strike, to protest against the "meagre" 2 per cent wage hike offered by the Indian Banks' Association (IBA), representing management. The state-run bank branches in the financial capital of Mumbai were either shut or witnessed thin activity. The employees took out a march from the P M Road in Fort area of south Mumbai, very close to the central bank headquarters which also has a high concentration of bank branches, to the Azad Maidan, the city's officially designated protest spot. Employees of all the 21 state-run commercial banks, regional rural banks, 13 old generation private banks and six foreign banks are participating in the protest, unions claimed. Some employees of the private and foreign banks are union members. Both workers and officers, up to the branch managers level, are participating in the strike. Nearly 10 lakh employees are ...
Singapore Airlines to launch longest commercial flight in October
Singapore Airlines announced on Wednesday the launch of a non-stop flight between Singapore and New York, the world's longest commercial flight, in October.
Board of Parsharti Investment approves preferential allotment of upto 3.34 lakh shares
At meeting held on 30 May 2018
Fortis defers board meeting to consider financial results
Fortis Healthcare today said the board meeting scheduled to consider financial results for fourth quarter and financial year ended March 31, 2018, has been deferred to June 11. The company said it is currently deliberating on the conclusions of an internal investigation on the alleged financial irregularities in the company. The board of the cash strapped firm, which yesterday initiated a fresh time-bound bidding process for its sale, was scheduled to meet today to consider and approve the annual financial results for 2017-18. "It is hereby informed that the board meeting scheduled today, to inter-alia, consider and approve the audited financial results for the quarter and financial year ended March 31, 2018 stands deferred to Monday, June 11, 2018," Fortis Healthcare said in a regulatory filing. This is a result of ongoing deliberations of the conclusions arising from the internal investigation, it added. The healthcare chain had appointed a law firm in March to investigate ...
Gold tops Rs 32,000-mark on jewellers' buying, global cues
Halting a three-day slide, gold prices rebounded by Rs 230 to reach Rs 32,090 per 10 grams on revival of buying by local jewellers amid firm global cues. However, silver remained under selling pressure and lost another Rs 200 to Rs 40,700 per kg. Traders said fresh buying by local jewellers and retailers at existing lower levels at the domestic spot market and a firm trend overseas, as political uncertainty in Italy and concerns of a possible China-US trade war spurred safe-haven demand, mainly led to the rebound in gold prices. Globally, gold rose 0.09 per cent to USD 1,298.40 an ounce in New York in yesterday's trade. In the national capital, gold of 99.9 per cent and 99.5 per cent purity recovered by Rs 230 each to Rs 32,090 and Rs 31,940 per 10 grams, respectively. The precious metal had lost Rs 615 in the previous three sessions. Sovereign, however, remained steady at Rs 24,800 per piece of eight grams. On the other hand, silver ready fell by Rs 200 to Rs 40,700 per kg and ...
Amazon India rebrands groceries service
E-commerce giant Amazon is aggressively ramping up selection for grocery on its platform and focussing on speedier delivery as it looks to consolidate its position in the segment against rivals like BigBasket and Grofers. The competition in the segment is expected to intensify further as Amazon.in's arch-rival, Flipkart is also firming plans to enter the grocery segment. As part of its efforts, Amazon.in has re-branded its 'Amazon Now' service to 'Prime Now' and has invested in chill chain for products like fresh fruits, vegetables and dairy. Prime Now, an app-only service, is available to customers in Bengaluru, Mumbai, New Delhi and Hyderabad. "Prime Now has an expanded selection of over 10,000 products... This includes selection across categories like fruits and vegetables, grocery, staples, meats, and home and kitchen," Amazon.in said in a statement. Amazon.in said the orders are fulfilled by Amazon through the Now Store, supermarkets like Big Bazaar, Aditya Birla More, and local .
Fuel price cut faux pas has people fuming
After continuous hike in fuel price for 16 consecutive days, there is 'a drop' in the rates- of one paisa.The Indian Oil Corporation (IOCL) in a statement clarified that the petrol prices in Delhi have gone down by one paisa and not 60 paisa, as reported earlier."There was a technical glitch in posting the selling prices of petrol and diesel on our website today. The selling prices of petrol and diesel w.e.f 30th May 2018 have been rectified on our website. Today, there is a minor reduction in fuel prices," IOCL clarified in a statement.The current petrol price is Rs 78.42 per litre in Delhi and Rs 86.23 for a litre in Mumbai. In Kolkata, the revised rate is Rs 71.85 and in Chennai it's Rs 73.17. Prices vary from state to state depending on factors like local sales tax or VAT.As the cheer over a cut of 60 paisa was snapped with a clarification by the IOCL, residents did not find the goof-up amusing."They are just making fun of the people. After increasing the price for 16 days, they ..
Networkbay Retail develops 'Gadgets of Desire' store format for Croma
Networkbay Retail, a unique curated retail platform, which combines the talents of the world's leading retail design agencies, retail technologies and services to transform retail experiences, has recently partnered with the electronic megastore, Croma to develop Croma's tech-centric premium format - 'Gadgets of Desire'.Helping retailers to develop the "Store of the Future", Networkbay Retail took on Croma's mandate to deliver a global standard premium format that showcases Croma's omni-channel capabilities and extends their 'wider-than-store' proposition. Recently launched in Green Park, Delhi, Croma's 'Gadgets of Desire' store is a never before experience for Indian consumers.On delivering Croma's mandate, Hozefa Attari, Co-founder Networkbay Retail said, "We are glad to partner Croma to showcase our capabilities of collaborating with best in class global agencies in design and technology to create retail experiences that are seamless. Our unconventional approach to delivery is the .