Page 398 - Business Finance
Reliance Brands marks global foray with acquisition of British toy retailer Hamleys
Reliance Brands has signed a definitive agreement with Hong Kong-listed C Banner International Holdings to acquire 100 per cent shares of Hamleys Global Holdings, the owner of Hamleys brand.Hamleys has over 250 years of history of being the oldest and largest toy shop with 167 stores across 18 countries. In India, Reliance is the master franchise for Hamleys and currently operates 88 stores across 29 cities."The worldwide acquisition of iconic Hamleys brand and business places Reliance into the frontline of global retail," said Darshan Mehta, President and Chief Executive Officer of Reliance Brands, a subsidiary of Mukesh Ambani-led Reliance Industries.Mehta said Reliance Brands has built a significant and profitable business in toy retailing over the past few years under the Hamleys brand.The 250-year-old English toy retailer pioneered the concept of experiential retailing, decades before the concept of creating unique experiences in brick and mortar retailing became the new global ..
Welspun Corp firms up on buyback plan
Welspun Corp rose 2.71% to Rs 143.80 at 11:27 IST on BSE after the company said its board will consider a share buyback proposal on 14 May 2019.
Manorama Inds appoints Secretarial & Internal Auditor
For the FY 2019-20
Realty stocks gain
Volatility struck bourses in mid-morning trade as the key benchmark indices extended gains soon after sinking in negative zone. At 11:26 IST, the barometer index, the S&P BSE Sensex, was up 115.01 points or 0.31% at 37,673.92. The Nifty 50 index was up 27.90 points or 0.25% at 11,329.70. Realty stocks gained.
Twitter removes 1.6 lakh terror-promoting accounts
Twitter suspended 166,513 accounts for promoting terrorism in the July-December 2018 period, saying there's a steady decrease in terrorist groups trying to use the platform owing to its "zero-tolerance policy enforcement".
Volumes spurt at Voltas Ltd counter
Voltas Ltd notched up volume of 4.73 lakh shares by 10:49 IST on BSE, a 6.94 fold spurt over two-week average daily volume of 68145 shares
ICRA re-appoints Independent Directors
Powered by Capital Market - Live News
Hazoor Multi Projects appoints an Additional Director
W.e.f. 08 May 2019
RIL rises after acquiring global toy retailer Hamleys
Reliance Industries rose 1.08% to Rs 1268.70 at 10:38 IST on BSE after the company announced acquisition of british toy retailer Hamleys for GBP 67.96 million.
Welspun Corp receives order serviced from India
On 09 May 2019
Indices trim gains
Stocks trimmed gains in morning trade after an initial upmove. At 10:20 IST, the barometer index, the S&P BSE Sensex, was up 28.09 points or 0.07% at 37,587. The Nifty 50 index was up 4.40 points or 0.04% at 11,306.20.
US raises tariffs on $200bn of Chinese goods
The US on Friday has more than doubled tariffs on $200 billion worth of Chinese products from 10 per cent to 25 per cent, in a sharp escalation of their damaging trade war, the Chinese government has confirmed.
Stock markets flat in early trading, Nifty hovers around 11,300
Equity benchmark indices were flat during early hours on Friday in line with Asian markets as investors prepared for the outcome of crucial US-China trade talks.At the National Stock Exchange, sectoral indices relating to FMCG, IT and pharma were in the negative zone.At 10:15 am, the BSE S & P Sensex was up 50 points at 37,609 while the Nifty 50 inched up 6 points to 11,304.IT major HCL Tech dropped 4.5 per cent to Rs 1,085.60. Bharti Infratel, Bharat Petroleum Corporation, Indian Oil and Asian Paints traded negative over 1 per cent each.However, Zee Entertainment, Indiabulls Housing Finance, Britannia, Reliance Industries and ICICI Bank were in the green.Meanwhile, Asian stock markets and US equity futures were mixed as investors prepared for the news on pivotal US-China trade talks.US President Donald Trump's tariff increase to 25 per cent on 200 billion dollars worth of Chinese goods took effect on Friday as the world's two largest economies pursue last-ditch talks to try to ...
Sensex, Nifty trades marginally lowew
Sensex and Nifty traded in the red during the morning trade session after they opened slightly higher on Friday.
Indices may open lower
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 16 points at the opening bell. Larsen & Toubro and State Bank of India will declare January-March 2019 quarterly earnings today, 10 May 2019.
Voltas Ltd Slips 4.48%
Voltas Ltd has lost 10.18% over last one month compared to 1.75% fall in S&P BSE Consumer Durables index and 2.31% drop in the SENSEX
Oberoi Realty Ltd Surges 2.25%, S&P BSE Realty Index index Gains 1.24%
Oberoi Realty Ltd has lost 8.98% over last one month compared to 7.88% fall in S&P BSE Realty Index index and 2.34% drop in the SENSEX
Market nudges higher in early trade
Local stocks drifted higher in early trade on positive Asian stocks. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 134.72 points or 0.36% at 37,693.63. The Nifty 50 index was up 34.35 points or 0.3% at 11,336.15.