Page 436 - Business Finance
Lead futures fall 0.85 pc on low demand
Lead prices fell by 0.85 per cent in futures trade Monday as participants reduced their positions due to muted demand at the domestic spot market. At the Multi Commodity Exchange, lead for delivery in June was down by Rs 1.25, or 0.85 per cent, to Rs 146.60 per kg in a business turnover of 281 lots. Marketmen said offloading of bets by participants, tracking a weak trend at the domestic spot market due to weak demand, led to the fall in lead futures here.
Zee Media Corporation Ltd plummets 3.1%
Zee Media Corporation Ltd is quoting at Rs 14.05, down 3.1% on the day as on 13:24 IST on the NSE. The stock jumped 21.72% in last one year as compared to a 8.26% rally in NIFTY and a 31.26% spurt in the Nifty Media index.
United Breweries Ltd eases for fifth straight session
United Breweries Ltd is quoting at Rs 1376.1, down 0.71% on the day as on 13:24 IST on the NSE. The stock jumped 21.72% in last one year as compared to a 8.26% rally in NIFTY and a 3.27% spurt in the Nifty FMCG index.
Zinc futures fall 1.04 pc on weak spot cues
Zinc prices fell 1.04 per cent to Rs 217.80 per kg in futures market Monday after speculators trimmed positions amid subdued demand at the domestic spot market. At the Multi Commodity Exchange, zinc for delivery in May drifted down by Rs 2.30, or 1.04 per cent, to Rs 217.80 per kg in a business turnover of 5,233 lots. Analysts said cutting down of positions by traders, triggered by a weak trend at the domestic physical markets due to low demand, mainly led to the fall in zinc prices at futures trade.
Ratan Tata invests in Ola electric mobility
Ratan Tata, the Chairman Emeritus of Tata Sons, has invested in domestic ride-sharing company Ola's newly-launched electric vehicle (EV) arm Ola Electric Mobility Pvt Ltd (OEMPL) as part of its Series A round of funding, the cab aggregator announced on Monday.
Infibeam Avenues Ltd rises for third consecutive session
Infibeam Avenues Ltd is quoting at Rs 44.1, up 1.61% on the day as on 12:54 IST on the NSE. The stock is down 73.77% in last one year as compared to a 8.45% spurt in NIFTY and a 19.95% spurt in the Nifty IT index.
Max Financial Services Ltd up for third straight session
Max Financial Services Ltd is quoting at Rs 427.65, up 1.33% on the day as on 12:54 IST on the NSE. The stock is down 16% in last one year as compared to a 8.45% jump in NIFTY and a 15.76% jump in the Nifty Financial Services index.
Federal Bank Ltd spurts 3.12%
Federal Bank Ltd is quoting at Rs 100.7, up 3.12% on the day as on 12:54 IST on the NSE. The stock is down 0.49% in last one year as compared to a 8.45% spurt in NIFTY and a 14.97% spurt in the Nifty Bank index.
Soybean prices fall by Rs 23 on weak spot demand
Soybean prices fell by Rs 23 to Rs 3,680 per quintal in futures trade Monday after participants cut down their bets, tracking negative cues from the physical markets. Besides, muted demand led to fall in soybean prices, marketmen said. At the National Commodity and Derivatives Exchange, soybean contracts for July fell by Rs 23, or 0.62 per cent, to Rs 3,680 per quintal, clocking an open interest of 4,670 lots. Similarly, soybean contracts for September delivery eased by Rs 17, or 0.46 per cent, to Rs 3,641 per quintal with an open interest of 1,15,700 lots.
Conduent Launches its First Global Hackathon Series in India
/ -- Company partners with HackerEarth to spur blockchain innovation Conduent Incorporated (NYSE: CNDT), a digital interactions company, announced the launch of Conduent Blockchain Hackathon - its first global hackathon series in India. Conducted in partnership with HackerEarth , an enterprise software talent management company, the series aims to further strengthen Conduent's investments in blockchain technology innovation. This initiative provides an opportunity to collaborate with over 2.5 million developers and find path-breaking solutions through a community-powered hackathon. The first hackathon of the series kicked-off in India on April 12th. Each hackathon has two parts. The first is a six-week virtual event where ideas for blockchain solutions will be crowdsourced. In the second phase, a shortlist of finalists will be invited to participate in a 36-hour, no-sleep onsite event in Bengaluru on June 22-23 to refine their original proposed idea. The participants stand to win ...
Sabre Strengthens Leadership in India With Strategic Appointment
/ -- Sabre Corporation (NASDAQ: SABR), the leading technology provider to the global travel industry, has appointed Jaya Kumar K as Vice President & Managing Director, for Sabre Global Development Center in Bangalore, reaffirming its commitment to transforming the future of travel and strengthening Sabre's presence in India. (Photo: https://mma.prnewswire.com/media/882214/Jaya_Kumar_K.jpg ) In his role, Jaya will be responsible for propelling the Centre's innovation capabilities, as well as attracting key talent to deliver cutting-edge technology solutions. Jaya comes to Sabre from Walmart, where he was Managing Director and Vice President, Global Technology Services, where he grew Walmart Labs India significantly, and established Centers of Excellences (CoE) for analytics across e-commerce and in-store technologies. Prior to that, Jaya also co-founded and built Neta, a pioneering data mining tool. "As we continue to push the boundaries of technological innovation at all levels ..
Markets plunge after Trump threatens new China tariff hike
Shares and oil prices have tumbled after President Donald Trump jolted markets with a threat to raise more tariffs on imports from China, spooking investors who had been expecting good news this week on trade. The Shanghai Composite index plunged 6.5 per cent to 2,877.71, and the Hang Seng in Hong Kong sank 3.3 per cent to 29,089.77. The future contract for the Dow Jones Industrial Average fell 1.7 per cent to 26,042.00, while that for the S&P 500 gave up 1.6 per cent to 2,900.10. Trump's comments in tweets Sunday came as a Chinese delegation was due to resume talks in Washington on Wednesday aimed at resolving a tariffs battle that has rattled world markets. The Wall Street Journal, citing unidentified sources, said China's government was considering cancelling this week's talks. Chinese officials did not respond immediately to requests for comment. Chinese leaders have emphasised they would not negotiate under pressure. Without fresh reassurances, markets were swooning. On ...
Turmeric futures up on higher demand
Turmeric prices rose 0.31 per cent to Rs 6,530 per quintal in futures trade Monday as participants built up fresh positions on the back of pick up in domestic and export demand. At the National Commodity and Derivatives Exchange, turmeric for delivery in June rose by Rs 20, or 0.31 per cent, to Rs 6,530 per quintal with an open interest of 12,940 lots. Marketmen said fresh positions created by participants following upsurge in domestic as well as export demand mainly pushed up turmeric prices here.
Auto stocks fall
Key indices staged a mild recovery in early afternoon trade after an intraday slump. At 12:28 IST, the barometer index, the S&P BSE Sensex, was down 295.78 points or 0.76% at 38,667.48. The Nifty 50 index was down 91.70 points or 0.78% at 11,620.55. Auto stocks fell. Asian stocks and US index futures dropped sharply as trade negotiations between the US and China appeared to be on the verge of collapse.
Federal Bank jumps after robust Q4 numbers
Federal Bank rose 4.19% to Rs 101.85 at 12:10 IST on BSE after the net profit rose 163.13% to Rs 381.51 crore on 20.33% increase in total income to Rs 3,444.04 crore in Q4 March 2019 over Q4 March 2018.
Uniply Industries Ltd leads gainers in 'B' group
Goldiam International Ltd, Chemfab Alkalis Ltd, Morepen Laboratories Ltd and Kesar Enterprises Ltd are among the other gainers in the BSE's 'B' group today, 06 May 2019.
India services PMI slips to 7-month low in April
India's service sector activity slipped to a seven-month low in April as businesses waited the outcome of general elections taking place, Nikkei Asian Review said on Monday.The Nikkei India services Purchasing Managers' index (PMI) dropped to 51 in April from 52 in March. The reading came in below the average for 2018 which was 51.6 and underscored that the sector is losing momentum.Readings above 50 points indicate expansion, while those below 50 signal contraction."Although the Indian private sector economy looks to be settling into a weaker growth phase, much of the slowdown was linked to disruptions arising from the elections," said Pollyanna De Lima, an economist at IHS Markit, which compiles the survey.Companies generally foresee improvements once a government is formed, she said."Another key takeaway from the latest results is the lack of inflationary pressures in both the manufacturing and service sectors, which coupled with slower economy growth offers room for a further cut .
Ratan Tata invests in ride-sharing major Ola
Ratan Tata, the Chairman Emeritus of Tata Sons, has invested in Ola as part of its Series A round of funding, the domestic ride-sharing company announced on Monday.
PC Jeweller Ltd leads gainers in 'A' group
Deepak Nitrite Ltd, Deepak Fertilizers & Petrochemicals Corp Ltd, Tata Chemicals Ltd and Reliance Communications Ltd are among the other gainers in the BSE's 'A' group today, 06 May 2019.