Page 497 - Business Finance
Dhawan appointed brand ambassador of GS Caltex India
GS Caltex India, a 100 per cent owned subsidiary of GS Caltex Corporation, South Korea, has signed cricketer Shikhar Dhawan as it's brand ambassador in a strategic move to establish itself as a major player in the premium lubricants category in the country.
Board of Syngene International recommends bonus issue of 1:1
On 24 April 2019
Tesla hit with big loss as car deliveries sputter
Electric carmaker Tesla on Wednesday announced a heavy loss in the first quarter as car deliveries sputtered overseas and a US tax credit that made its prices more attractive was reduced. The California-based company reported a loss of $702 million in the first three months of this year after two consecutive quarters of profit. Tesla produced about 63,000 Model 3 vehicles in the period, an increase of three percent from the same quarter a year earlier but fewer than had been anticipated. The company attributed its disappointing financial results to Model 3 shipping delays, particularly in Europe and China. Overall company revenue in the period rose 33 percent to $4.5 billion in a year-over-year comparison, but fell far short of Wall Street forecasts. The company's shares that finished the formal trading day down nearly two percent to $258.66 were essentially flat in after-market trades that followed release of the earnings figures. Tesla's quarterly loss followed changes to pricing ...
Maruti Suzuki India hikes prices of Baleno RS Petrol variant and Diesel variants
With immediate effect
Volumes jump at P I Industries Ltd counter
P I Industries Ltd saw volume of 2.07 lakh shares by 10:49 IST on BSE, a 16.2 fold spurt over two-week average daily volume of 12789 shares
Stock markets drift on a flat note, Sensex above 39,000 mark
Equity benchmark indices opened on a flat note on Thursday with most sectoral indices showing mixed results.At 10:15 am, the BSE S & P Sensex was up 46 points at 39,101 while the NSE Nifty gained 27 points to 11,753.At the National Stock Exchange, some sectoral indices like FMCG, financial services, pharma and realty were in the green.But auto, IT, metal and PSU banks were in the negative zone during early hours of trading.Among stocks, Yes Bank, Grasim, Ultra Cement, Bharat Petroleum and Power Grid gained some ground.However, Maruti, Bajaj Auto, Infosys, ONGC and Bharti Infratel dropped.Meanwhile, Asian shares slipped after a surprise slide in German and South Korean economic data rekindled fears of slowing global growth.Investors were also cautious after the United States told countries buying Iranian oil to stop purchases by May 1 or face economic sanctions.That has pushed Brent crude futures above 74.50 dollars per barrel.
FDC rises after completion of inspection by PIC/S Malaysia
FDC rose 1.68% to Rs 166.70 at 10:55 IST on BSE after the company said its non-sterile manufacturing facility located in Maharashtra had recently undergone an inspection by PIC/S Malaysia and it continues to be approved.
Vodafone Idea rights issue subscribed 1.07 times: Sources
The Rs 25,000-crore rights issue of Vodafone Idea has been subscribed 1.07 times, according to data accessed by merchant bankers involved in the process. Through the rights issue, which ran between April 10 and April 24, the country's largest telecom operator offered 2,000 crore new shares at Rs 12.50 apiece. As per data published by NSE, the rights issue has received bids for 1,109 crore shares. "The Vodafone Idea rights has been subscribed 1.07 times as per data available from registrar to the rights issue last night. This can go up. Final data is expected to be published by the registrar today (Thursday)," one of the bankers involved in the rights issue process told PTI. The banker said that the data published by stock exchanges does not include subscription that goes to the registrar directly under Applications Supported by Blocked Amount (ASBA) facility. He said that the rights issue entitlement worth about Rs 2,000 crore renounced by Malaysia-based Axiata Group has gone through .
Positive market breadth
Stocks hovered in positive zone after an initial upmove. At 10:25 IST, the barometer index, the S&P BSE Sensex, was up 53.03 points or 0.14% at 39,107.71. The Nifty 50 index was up 25.05 points or 0.21% at 11,751.20.
US stocks end in the red
Earning reports paint a mixed picture
Microsoft hits $1-tn mark on strong Q3 results
Microsoft stock hit $1-trillion mark after the company announced impressive third quarter results, riding on the success of its Azure Cloud as big enterprises moved to Azure infrastructure.
Former Nissan Chief Carlos Ghosn granted bail
A Tokyo court on Thursday granted bail to former Nissan Chief Carlos Ghosn for the second time since his arrest last year on financial misconduct charges.His bail has been set at USD 4.5 million, reported The Japan Times.Ghosn was arrested on April 4 for the fourth time over allegations of misusing the company's funds for personal purposes. Prosecutors alleged that Ghosn had transferred some of Nissan's funds to his personal bank account, causing the automaker a loss of USD five million.The former Nissan chief was earlier released on bail on April 5 following 108 consecutive days in detention, during which he was indicted on charges of an aggravated bench of trust and underreporting his remunerations for Nissan Motors.Ghosn has also been removed from the board of directors of the company, along with partners Renault SA and Mitsubishi Motors Corporation, during the prolonged detention initiated by his initial arrest in November.
Reliance Communications Ltd Falls 4.74%, S&P BSE Telecom index Drops 1.14%
Reliance Communications Ltd has lost 62.37% over last one month compared to 0.22% gain in S&P BSE Telecom index and 2.32% rise in the SENSEX
Rupee tumbles 22 paise against dollar on crude concerns
The rupee Thursday slumped 22 paise to 70.08 against the US dollar in early trade on rising global crude prices and fresh demand for the American currency from importers. However, the dollar's weakness against some currencies overseas and a higher opening of the domestic equity markets capped the rupee's losses, foprex dealer said. Fresh dollar demand from banks and importers weighed on the Indian currency, they added. At the Interbank Foreign Exchange (forex) market, the rupee opened on a weaker note at 70.06 against the US dollar, and further fell to quote at 70.08, a decline of 22 paise over its previous close. The rupee Wednesday had declined by 24 paise to close at 69.86 against the greenback. Global benchmark Brent crude advanced by 0.04 per cent to USD 74.60 per barrel. Crude prices continue to remain at elevated level that negatively affects the domestic currency. A possible increase in fuel prices due to the US sanctions on Iranian crude exports can have adverse impacts on ...
Deutsche Bank begins providing Trump financial records
Deutsche Bank has begun the process of providing financial records to the New York state Attorney General in response to a subpoena for documents related to loans made to President Donald Trump and his business, an informed source said.
Jaiprakash Power Ventures Ltd Spikes 4.87%
Jaiprakash Power Ventures Ltd has added 70% over last one month compared to 2.72% fall in S&P BSE Utilities index and 2.1% rise in the SENSEX
Tesla posts massive $702 million loss last quarter
Tesla announced that it has lost $702 million in the last quarter, while the Elon Musk-owned electric car company's revenue was also down 37 per cent compared to the previous quarter, the media reported.
Indices drift higher in early trade
Key indices nudged higher in early trade on buying demand in index pivotals. At 9:20 IST, the barometer index, the S&P BSE Sensex, was up 40.12 points or 0.1% at 39,094.80. The Nifty 50 index was up 5.95 points or 0.05% at 11,732.10.
IPCA Labs gains after acquisition of Ramdev Chemical
IPCA Laboratories rose 1.94% to Rs 985.75 at 9:22 IST on BSE after the company said it entered into a share purchase agreement to acquire Ramdev Chemical for Rs 108.50 crore.
Ousted Nissan chief Ghosn granted release on bail
The Tokyo District Court on Thursday granted ousted Nissan Motor Co. Chairman Carlos Ghosn's release on bail after he was indicted for the fourth time over alleged misuse of company funds.