Page 379 - Business Finance
Navneet Education Ltd sees weak trend
Navneet Education Ltd is quoting at Rs 105.9, down 0.33% on the day as on 13:23 IST on the NSE. The stock jumped 4.32% in last one year as compared to a 4.13% rally in NIFTY and a 33.5% spurt in the Nifty Media index.
Emami Ltd tumbles nearly 2%
Emami Ltd is quoting at Rs 360.1, down 1.97% on the day as on 13:24 IST on the NSE. The stock jumped 4.32% in last one year as compared to a 4.13% rally in NIFTY and a 3.34% spurt in the Nifty FMCG index.
ITC Ltd extends losses
ITC Ltd is quoting at Rs 297.1, down 0.22% on the day as on 13:24 IST on the NSE. The stock jumped 4.32% in last one year as compared to a 4.13% rally in NIFTY and a 3.34% spurt in the Nifty FMCG index.
Indian Oil Corporation Ltd down for fifth straight session
Indian Oil Corporation Ltd is quoting at Rs 143.4, down 2.85% on the day as on 13:19 IST on the NSE. The stock tumbled 14.85% in last one year as compared to a 4.08% rally in NIFTY and a 8.94% spurt in the Nifty Energy index.
Hindustan Petroleum Corporation Ltd slips for fifth straight session
Hindustan Petroleum Corporation Ltd is quoting at Rs 265.8, down 2.33% on the day as on 13:19 IST on the NSE. The stock tumbled 17.2% in last one year as compared to a 4.08% rally in NIFTY and a 8.94% spurt in the Nifty Energy index.
Weak market breadth
Key equity indices were trading with small losses in afternoon trade. At 13:21 IST, the barometer index, the S&P BSE Sensex, was down 46.78 points or 0.12% at 37,416.21. The Nifty 50 index was down 30 points or 0.27% at 11,248.90.
Copper futures down 0.78 per cent on profit-booking
Copper prices dipped 0.78 per cent to Rs 440.35 per kg in futures trade Monday as participants booked profits at prevailing levels amid easing demand from the spot market. On the Multi Commodity Exchange, copper for delivery in June contracts was trading lower by Rs 3.35, or 0.78 per cent, to Rs 440.35 per kg in a business turnover of 16,278 lots. Marketmen said, besides profit-booking by speculators fall in demand from consuming industries in the physical market mainly led to the decline in copper prices here.
V-Mart Retail slumps after dismal Q4 result
V-Mart Retail lost 5.8% to Rs 2,396.55 at 12:58 IST on BSE after the company reported net loss of Rs 0.90 crore in Q4 March 2019 as compared to net profit of Rs 15.91 crore in Q4 March 2018.
Cashback fraud-hit Paytm Mall partners EY to catch conmen
Rattled by frequent cashback fraud incidents involving its staff, e-commernce platform Paytm Mall has announced a partnership with Global professional services firm EY to build a technology-driven fraud prevention system.
Ester Industries partners with a global chemical leader to supply Polybutylene Terephthalate (PBT) polymers
On 13 May 2019
Crude oil futures rise 0.6% on positive cues
Crude oil prices rose 0.6 per cent to Rs 4,352 per barrel in futures trade Monday as speculators raised their exposure amid positive trend in global markets. On the Multi Commodity Exchange, crude for delivery in May contracts went up by Rs 26, or 0.6 per cent to, Rs 4,352 per barrel in a business turnover of 17,376 lots. Analysts said, crude oil prices bounced back in tandem with a firm trend overseas. Meanwhile, West Texas Intermediate crude prices rose 0.16 per cent to USD 61.76, while Brent was up 0.54 per cent at USD 71 a barrel at the New York Mercantile Exchange.
Silver futures dip 0.21 pc to Rs 37,274 per kg
Silver prices dropped 0.21 per cent to Rs 37,274 per kg amid profit-booking by participants, in tune with weak global cues in futures trade Monday. On the Multi Commodity Exchange, silver for delivery in March fell by Rs 80, or 0.21 per cent, to Rs 37,274 per kg in a business turnover of 23,518 lots. Traders said off-loading of positions by participants to book profits and a weak trend in overseas markets led to the fall in silver prices in futures trade. Globally, silver was trading 0.37 per cent lower at USD 14.67 an ounce in New York.
Bankruptcies: The good, the bad and the ugly (Column: Behind Infra Lines)
Bankruptcies are a painful process for businesses, employees and business partners, but are an inevitable consequence of business dynamics and competition.
Pradhan promises supply of 1,000 kilo-litre kerosene to cyclone-hit Odisha
Union Petroleum and Natural Gas Minister Dharmendra Pradhan has promised to supply 1,000 kilo-litre of subsided kerosene to Odisha, as per a request made by state chief minister Naveen Patnaik in the aftermath of cyclone Fani.Pradhan said that an oil PSU under the Petroleum and Natural Gas ministry will contribute Rs 3.2 crore from its CSR fund to the Chief Minister Relief Fund."In this connection, I wish to inform you that I have advised one of the PSUs under the Ministry of Petroleum and Natural Gas to contribute around Rs 3.2 crore (equivalent of the cost of 1000 kilo-litre of subsided kerosene on cost basis) through CSR fund to the CM Relief Fund to meet the requirement," Pradhan said in a letter dated May 11."Further, it is informed that additional quantity of 1,000 kilo-litre of subsided kerosene has been made available for lifting by the state government. Alongside, sufficient supplies of petrol, diesel and LPG have already been ensured in the cyclone-affected areas in Odisha,"
India Needs To Actively Encourage FDI In Petrochemical Sector Rather Than FTAs
India needs to actively encourage Foreign Direct Investment (FDI) in Petrochemical sector rather than Free Trade Agreements (FTAs) to utilize India's growing demand to create value within the country rather than outside, noted a latest update from FICCI. As India's demand is expected to steadily grow in the foreseeable future, it can be an engine for creating new employment opportunities in the country if foreign participation in India is through the FDI route rather than the trade route.
Certificate under Clause 47 of the Listing Agreement
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Broader market witnesses selling pressure
Key equity indices were trading near flat line, alternating between gains and losses, in early afternoon trade. At 12:25 IST, the barometer index, the S&P BSE Sensex, was up 44.28 points or 0.12% at 37,507.27. The Nifty 50 index was down 4.50 points or 0.04% at 11,274.40.
Gold prices firm up by Rs 60 in domestic markets
Gold prices rose by Rs 60 to Rs 31,964 per 10 gram in futures trading Monday as speculators widened their bets in the domestic markets, despite a tepid trend overseas. On the Multi Commodity Exchange, gold for delivery in June was trading higher by Rs 60, or 0.19 per cent, at Rs 31,964 per 10 gram in a business turnover of 8,991 lots. Analysts said raising of bets by participants, taking positive cues from domestic markets, mainly pushed up gold prices at futures trade here. Similarly, gold for August delivery was up by Rs 58, or 0.18 per cent, at Rs 32,129 per 10 gram with a business volume of 115 lots. Globally, however, the precious metal remained choppy over the fears of an escalating Sino-US trade war and mixed economic outlook. The yellow metal was trading 0.28 per cent lower at USD 1,283.80 an ounce in New York.
Transwarranty Finance Ltd leads gainers in 'B' group
Zenith Exports Ltd, Kakatiya Cement Sugar & Industries Ltd, Trigyn Technologies Ltd and Tainwala Chemicals & Plastics (India) Ltd are among the other gainers in the BSE's 'B' group today, 13 May 2019.
UK MHRA approval for Daman units
On 13 May 2019