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Page 457 - Business Finance

Part of Charminar falls down, no casualties

A small part from one of the pillars of the 400-year-old Charminar fell down on Wednesday night. The historical structure made of limestone was being renovated by the Archaeological Survey of India (ASI) over the last few months.No casualties have been reported.The National Thermal Power Corporation (NTPC) had adopted Charminar under the Swachh Iconic Places Projects of India last year. This was done under a special drive as part of the Centre's Swachh Bharat Mission.The Greater Hyderabad Municipal Corporation (GHMC) and NTPC have earlier signed an MoU for the development and beautification work under 'Charminar Pedestrianization Project' in Hyderabad.

Updated On : 02 May 2019 | 11:05 AM IST

V- Mart Retail Ltd opens two new stores

On 1 May 2019

Updated On : 02 May 2019 | 11:04 AM IST

Clarification on Outcome of Board Meeting

On 18 April 2019

Updated On : 02 May 2019 | 11:04 AM IST

India's Q1 gold demand up 5 pc at 159 tonne: WGC

India's gold demand rose 5 per cent to 159 tonne during January-March period this year on fall in prices that boosted jewellery sales during wedding season, a World Gold Council (WGC) report says. Gold demand stood at 151.5 tonne in the first quarter of 2018, according to WGC's Q1 Gold Demand Trends' report. In terms of value, there was a 13 per cent growth during the quarter at Rs 47,010 crore compared to Rs 41,680 crore in the same period last year. "The strengthening of the rupee and the fall in local gold prices towards the later part of the quarter triggered a rise in Q1 gold demand to 159 tonne. Growth of 5 per cent in Indian jewellery demand to 125.4 tonne uplifted global demand and boosted retail sentiment. "The increase in auspicious wedding days during the quarter to 21 days from 8 in the same period of 2018 also played a crucial role in increase in demand," WGC managing director, India, Somasundaram PR told PTI here. Gold prices dropped to Rs 32,000 per 10 grams by the ...

Updated On : 02 May 2019 | 10:50 AM IST

TVS Motor drops after poor Q4 result

TVS Motor Company lost 3.53% to Rs 473.80 at 10:15 IST on BSE after net profit fell 19.19% to Rs 133.83 crore on 9.23% rise in total income to Rs 4387.60 crore in Q4 March 2019 over Q4 March 2018.

Updated On : 02 May 2019 | 10:50 AM IST

Markets muted in early trading, auto stocks fall

Equity benchmark indices were muted in early trading on Thursday with some selling pressure witnessed in heavyweight stocks like ICICI Bank, Infosys, Reliance Industries and Tata Consultancy Services.The sectoral indices were mixed with auto, FMCG, IT, media and metals in the red.At 10:15 am, the BSE S & P Sensex was up 103 points at 39,134 while the NSE Nifty gained 22 points to 11,770.Bharti Infratel gained over 3 per cent and Yes Bank 2.7 per cent.Among other gainers were Hero MotorCorp, Bharti Airtel and Indiabulls Housing Finance.However, Tata Motors lost by over 2 per cent. The other losers were Eicher Motors, Hindalco, Maruti and NTPC.Meanwhile, Asian shares traded, mixed with market sentiment depressed due to holidays in Japan and China.Equities in South Korea and Hong Kong hit their highs after reports that the United States and China could announce a trade deal as soon as next Friday.

Updated On : 02 May 2019 | 10:45 AM IST

TurningIdeas Launches #GoGlobal Program to Accelerate Startup Growth

/ -- TurningIdeas Ventures announced the official launch of its Global Growth Program for startup ecosystem today. The program will serve as a platform for Indian startups to collaborate with global partners and explore market potential in other countries outside India. (Logo: https://mma.prnewswire.com/media/880989/TurningIdeas_Ventures_Logo.jpg) (Photo: https://mma.prnewswire.com/media/880990/TurningIdeas_Todd_Smith_GoGlobal.jpg) The company organized the event and startup pitches for Todd Smith , Ontario's Minister of Economic Development, Job Creation and Trade, Canada. Speaking at the event, Minister Smith highlighted the importance of working together and developing partnerships between the Ontario and India's start-up communities. Partnerships such as these, with TurningIdeas, will help mature Indian startups to get a head-start to set up their business in Canada through Start-up Visa and other programs. In recent years, the company has witnessed a number of young startups ...

Updated On : 02 May 2019 | 10:35 AM IST

Global Q1 gold demand grew by 7 pc at 1,053.3 ton: WGC

Global gold demand grew 7 per cent to 1,053.3 tonne in the first quarter of 2019, against the year-ago period, mainly driven by higher purchase by the central banks and growth in gold-backed exchange-traded funds (ETFs), according to a World Gold Council (WGC) report. The overall demand stood at 984.2 tonne in the first quarter of 2018, according to the WGC's Q1 Gold Demand Trends report. Purchase of gold by central banks went up by 68 per cent to 145.5 tonne during the first quarter of this year compared to 86.7 tonne in the same period of 2018, representing the strongest start to a year since 2013. "The central bank buying gold was led by Russia, which added 55.3 tonne, while China also made a come back by buying 33 tonne. Even the Reserve Bank of India bought a small amount of 8.4 tonne during the period," WGC managing director, India, Somasundaram PR told PTI here. The was mainly due to diversification and a desire for safe, liquid assets. "The beginning of 2019 saw a sharp ...

Updated On : 02 May 2019 | 10:35 AM IST

Rupee rises 9 paise to 69.47 vs USD in early trade

The rupee appreciated by 9 paise to 69.47 against the US dollar in early trade Thursday driven by weakening of the greenback in overseas markets and sustained foreign fund inflows. Forex dealers said, selling of the American currency by exporters, fresh foreign fund inflows and positive opening in domestic equities supported the rupee. At the interbank foreign exchange, the rupee opened on a weak note at 69.60, but gathered momentum and rose to a high of 69.47 against the US dollar, showing 9 paise gain over its previous closing. The local unit, however, pared some gains and was quoted at 69.54 against the American currency at 0951 hrs. The rupee had settled at 69.56 against the US dollar on Tuesday. Currency market was shut on Wednesday on account of Maharashtra Day. Meanwhile, foreign institutional investors (FIIs) remained net buyers in capital markets, putting in Rs 114.59 crore Tuesday, according to provisional exchange data. Brent crude futures, the global oil benchmark, fell ...

Updated On : 02 May 2019 | 10:05 AM IST