Page 50 - Business Finance
Volumes jump at Elgi Equipments Ltd counter
Elgi Equipments Ltd saw volume of 1.05 lakh shares by 10:46 IST on BSE, a 21.19 fold spurt over two-week average daily volume of 4977 shares
Piramal Enterprises sells entire stake in Shriram Transport Finance for approx Rs 2,305 cr
Piramal Enterprises Monday said has divested its entire stake in asset financing firm Shriram Transport Finance Company for approximately Rs 2,305 crore. "The company has sold its entire direct investment of 9.96 per per cent in the fully paid-up share capital of Shriram Transport Finance Company to third party investors on the floor of the stock exchange," Piramal Enterprises said in a regulatory filing. As on March 31, 2019, Piramal Enterprises held 2.26 crore shares amounting to 9.96 per cent stake in Shriram Transport Finance Company. Based on Monday's opening share price of Shriram Transport Finance Company of Rs 1,020 per scrip, the stake sale is estimated to have to fetched Piramal Enterprises Rs 2,305 crore. Shares of Piramal Enterprises were trading 0.27 per cent higher at Rs 2,074 apiece on BSE.
Reliance Infrastructure slumps after dismal Q4 earnings
Reliance Infrastructure was down 10.29% to Rs 53.20 at 09:46 IST on the BSE after the company reported Q4 results after market hours on Friday, 14 June 2019.
Indices extend fall
Key benchmark indices extended fall in morning trade after an initial decline. At 10:15 IST, the barometer index, the S&P BSE Sensex, was down 192.23 points or 0.49% at 39,259.84. The Nifty 50 index was down 65.3 points or 0.55% at 11,757.90.
The 2019 China and South Asia Aviation Trends Forum Promotes Common Development through Interconnection and Cooperation
/ -- On June 13, 2019, the 3rd China and South Asia Aviation Trends Forum was successfully held in Kunming, China. The forum, co-hosted by the Yunnan Provincial Department of Transportation, the Yunnan Branch of the China Council for the Promotion of International Trade, the Yunnan Provincial Foreign Affairs Office, and the Yunnan Provincial Department of Commerce, was co-sponsored by the Yunnan Airport Group, CARNOC.COM, and the China-South Asia Business Forum Secretariat. Focusing on the theme of "interconnected development, open cooperation and sharing", delegates discussed issues of the development and prospects of the aviation industry, the construction and improvement of airline networks, international exchange and cooperation in civil aviation, and technological progress and sharing in China and South Asia, exploring the future prospects for the industry in this region. The forum contains three panels under the title of "Foresight: Promoting the Long-Term Development of the ...
A2Z Infraservices bags contract worth Rs 58.52 cr from CPWD, New Delhi
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Reliance Capital receives Rs 1450 cr through OFS in RNAM
Entire proceeds of RNAM stake sale of Rs 6000 cr to be utilised for reducing debt of Reliance Capital
Equities extend declines, Nifty hovers around 11,750
Equity benchmark indices extended declines in the morning trade on Monday amid rising global crude oil prices and simmering trade tensions between the United States and China.Except for IT, all sectoral indices at the National Stock Exchange (NSE) were in the red. Nifty metal was down 1.5 per cent while realty slipped close to 1 per cent.At 10:00 am, the BSE S & P Sensex was down 194 points at 39,258 while the Nifty 50 dipped 68 points to 11,756.Among stocks, Reliance Infrastructure dropped nearly 9 per cent after the company reported its worst-ever net loss of Rs 3,301 crore in the January to March of fiscal 2018-19 as compared to a profit of Rs 133 crore in the year-on period.JSW Steel dived 2.6 per cent while Tata Steel was down 1.8 per cent. The other losers were Grasim, Vedanta and Reliance Industries.However, Yes Bank, Bharti Infratel, Wipro, Indiabulls Housing Finance and Larsen & Toubro showed some gains.Meanwhile, Asian stocks markets were mixed at the start of the .
Sensex in red, Reliance Industries down 1.57%
Indian equities traded in red during the morning trade session on Monday after opening slightly higher. Index heavyweight Reliance Industries was down 1.56 per cent on the BSE.
Board of Perfect-Octave Media Projects appoints CFO and Company Secretary
With effect from 13 June 2019
Board of Pricol approves divestment of its step down subsidiaries
At meeting held on 15 June 2019
FE CREDIT, Focussed on First Time Card Users in Vietnam, Crosses the One Million Cards Milestone and Gets the "Best in Card Acquisition" Award from Mastercard.
/ -- VPBank Finance Company Ltd. (FE CREDIT), one of the largest consumer finance companies in Vietnam, was recently recognized by Mastercard as the "Best in Card Acquisition" in the country. Photo - https://photos.prnasia.com/prnh/20190614/2496863-1 FE Credit has issued more than 1 million cards in Vietnam's underpenetrated market by creating unique propositions to attract and engage category entrants. FE Credit pioneered the Plus+ Card, created digital MPlus+ card, launched Samsung Pay as the first consumer finance company and provided customers a feature-rich mobile app which allows bill payments, booking movie tickets and much more. FE Credit has also launched Oi Plus+, a flagship loyalty program that rewards cardholders on their everyday spends, and on top of that, it provides a market-first 10X multiplier. Mr. Kalidas Ghose, Vice Chairman and CEO, FE CREDIT said, "Credit Cards continue to be the primary growth engine for FE Credit. Our focus is to convert more and more ...
Rupee slips 9 paise to 69.89 vs USD in early trade
The rupee depreciated by 9 paise to 69.89 against the US dollar in early trade Monday on weak opening in domestic equities and rising crude oil prices. The rupee opened weak at 69.87 at the interbank forex market and then fell further to 69.89, down 9 paise over its last close. The local currency however pared the initial loss and was trading at 69.85 at 0951 hrs. The rupee had settled at 69.80 against the US dollar Friday. Forex traders said rising crude oil prices, foreign fund outflows and heavy selling in domestic equities kept pressure on the Indian rupee. Brent crude futures, the global oil benchmark, rose 0.29 per cent to USD 62.19 per barrel. Meanwhile, foreign institutional investors (FIIs) pulled out Rs 238.64 crore on a net basis Friday, provisional data showed. Domestic bourses opened on a negative note Monday with benchmark indices Sensex trading 166.71 points down at 39,285.36 and Nifty down 58 points at 11,765.30.
Board of Pricol appoints directors and COO
With effect from 15 June 2019
Steel Authority of India Ltd Slides 3.08%, S&P BSE Metal index Drops 1.78%
Steel Authority of India Ltd has added 2.52% over last one month compared to 2.88% gain in S&P BSE Metal index and 3.58% rise in the SENSEX
Vivimed Labs Ltd Spikes 2.33%
Vivimed Labs Ltd has lost 1.49% over last one month compared to 2.02% fall in S&P BSE Healthcare index and 3.7% rise in the SENSEX
Stocks drifts lower in early trade
Domestic stocks edged lower in early trade on selling pressure in index pivotals. At 9:24 IST, the barometer index, the S&P BSE Sensex, was down 126.34 points or 0.32% at 39,325.73. The Nifty 50 index was down 50.10 points or 0.42% at 11,773.20.
ANZ New Zealand CEO steps down amid probe
ANZ New Zealand's CEO, David Hisco, is stepping down from his post amid an internal investigation of personal expenses, the bank announced on Monday.
Bhel in focus after winning orders
Bharat Heavy Electricals (Bhel)'s said it won two EPC orders for setting up Solar Photovoltaic (SPV) plants with a cumulative capacity of 200 MW. Valued at over Rs 800 crore, the orders have been secured from NTPC and Gujarat State Electricity Corporation (GSECL). The announcement was made on 16 June 2019.
India digital payments projected to more than double to USD 135 billion in 4 years: ASSOCHAM-PWC study
Turbo-charging expansion in the financial technology (FinTech), India's digital payments transaction value is projected to more than double to USD 135.2 billion in 2023 from USD 64.8 billion this year, according an ASSOCHAM-PWC India study. India is expected to clock the fastest growth in digital payments transaction value between 2019 and 2023 with a compounded annual growth of 20.2 per cent '', the study said. Though on a smaller based, Indias CAGR of over 20 per cent is ahead of China with 18.5 per cent and the US 8.6 per cent. It said, Indias share of worldwide transaction value of digital payments is also set to increase from 1.56 per cent to 2.02 per cent in the next four years.