Page 521 - Business Finance
Japan Nikkei hugs gain line in cautious trade
Total 17 issues out of 33 subsectors of the Tokyo Stock Exchange inclined, with shares in Mining, Marine Transportation, Construction, Retail Trade, and Real Estate issues being notable gainers, whereas Other Financial Business, Air Transportation, Securities & Commodities Futures, and Insurance issues were notable losers.
Indiabulls Real Estate Ltd leads gainers in 'A' group
K P R Mill Ltd, GHCL Ltd, Radico Khaitan Ltd and Jaiprakash Associates Ltd are among the other gainers in the BSE's 'A' group today, 22 April 2019.
Hong Kong Market closed for the Easter Monday holiday
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Australia Market closed for the Easter Monday holiday
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Soybean futures eased by Rs 20 per quintal
Soybean prices fell by Rs 20 to Rs 3,730 per quintal in futures trade Monday as traders cut down their positions amid weak cues from physical markets. At the National Commodity and Derivatives Exchange, soybean to be delivered in June moved down by Rs 20, or 0.53 per cent, to Rs 3,730 per quintal with an open interest of 58,360 lots. Soybean for delivery in July also eased by Rs 18, or 0.48 per cent, to Rs 3,770 per quintal with an open interest of 2,490 lots. Marketmen said the fall in soybean prices at futures trade was mostly due to reduction of exposure by participants. Besides, weakness in the physical market exerted pressure on the commodity prices.
Realty stocks decline
Stocks hovered in negative zone in mid-morning trade. At 11:28 IST, the barometer index, the S&P BSE Sensex, was down 242.93 points or 0.62% at 38,897.35. The Nifty 50 index was down 87.35 points or 0.74% at 11,665.45. Realty stocks fell. Rise in crude oil prices weighed on the sentiment.
Refined soya oil futures gain 0.48% on spot demand
Refined soya oil prices were up 0.48 per cent to Rs 716.3 per 10 kg in futures trade Monday as speculators raised their bets. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June moved up by Rs 3.4, or 0.48 per cent, to Rs 716.3 per 10 kg with an open interest of 2,490 lots. Similarly, the oil for delivery in May contracts edged up by Rs 2.75, or 0.38 per cent, to Rs 729.5 per 10 kg in 49,020 lots. Analysts said, widening of positions by traders mainly helped refined soya oil prices to trade higher at futures trade.
Twitter appoints Manish Maheshwari as India MD
Twitter Monday said it has appointed Manish Maheshwari as the Managing Director of its India operations. Last year, Taranjeet Singh had stepped down as the India Country Director and Balaji Krish was given charge of leading the country's operations in the interim period. Krish will return to Twitter global headquarters in San Francisco to resume his role as Global Head of Revenue Strategy and Operations at Twitter. Maheshwari, who previously served as the CEO of Network18 Digital, takes over the new role from April 29, Twitter said in a statement. "India is one of the fastest growing audience markets globally for Twitter...Twitter continues to invest in India and its leadership team," it added. In his new role, Maheshwari will be responsible for driving an integrated business strategy to accelerate Twitter's audience and revenue growth in the country, overseeing Twitter India's teams in Delhi, Mumbai and Bengaluru, the statement said. The appointment comes amid growing concerns over ..
Twitter appoints Manish Maheshwari as India MD
Twitter India on Monday appointed Manish Maheshwari, ex-CEO of Network18 Digital, as the Managing Director for its India operations.
India missing out on investment opportunities in Indonesia
Jakarta (Indonesia) Apr 22 (ANI): Indonesia, the 16th largest economy in the world, has its GDP growing consistently above 5 per cent every year since 2000. Yet India, the seventh largest economy and projected by CEOWORLD Magazine to be ranked number 3 by 2033, has largely ignored investment opportunities in this vast archipelago.India's investment in Indonesia was a measly USD 82 million in 2018, as per the data from Indonesia's Investment Coordinating Board (BKPM). For the five years between 2014 to 2018, investments from India averaged about USD 100 million and that figure has been bumped up because of USD 286 million committed in 2017. The mega investment in 2017 was by Adani Ports in a new container port in Banten Province in the city of Cilegon, that is 100 kilometres from Jakarta in the northwest part of Java Island. In 2016, Indian investment in Indonesia was just USD 55 million.In 2018, the largest foreign investor in Indonesia was Singapore which committed USD 9.2 billion ...
HDFC Bank inches higher after Q4 earnings
HDFC Bank rose 0.12% to Rs 2293 at 11:10 IST on BSE after net profit rose 22.63% to Rs 5,885.12 crore on 22.13% rise in total income to Rs 31,204.46 crore in Q4 March 2019 over Q4 March 2018.
Chana futures fall 1.66% on muted demand
Chana prices fell 1.66 per cent to Rs 4,512 per quintal in futures trade Monday after participants reduced their exposure amid subdued demand at spot market. Profit-booking at higher levels also weighed on the sentiment. At the National Commodity and Derivatives Exchange, chana for delivery in July was trading lower by Rs 76, or 1.66 per cent, to Rs 4,512 per quintal with an open interest of 620 lots. The June rates also fell by Rs 66, or 1.46 per cent, to Rs 4,461 per quintal with an open interest of 34,580 lots. Marketmen said trimming of bets by traders due to easing demand in physical market against adequate stocks, mainly led to the fall in chana prices here.
RBI consultation to change 25 bps cut norm soon
The RBI could soon start discussions to break away from the convention of reducing key policy rate by 25 basis points or multiples thereof shortly with stakeholders like lenders, domain experts and within the Central Bank.
Volumes spurt at Vinati Organics Ltd counter
Vinati Organics Ltd registered volume of 1.94 lakh shares by 10:49 IST on BSE, a 90.32 fold spurt over two-week average daily volume of 2147 shares
Jet Airways' director Nasim Zaidi quits board
Grounded carrier Jet Airways said on Monday its Non-Executive and Non-Independent Director Nasim Zaidi has quit the board citing personal reasons and time constraints.Zaidi was the former Civil Aviation Secretary and Chief Election Commissioner before joining the Jet Airways board in August 2018."This is to inform you that Nasim Zaidi has submitted his resignation as a Non-Executive, Non-Independent Director of the company with effect from April 21 due to personal reasons and constraints of time," Jet Airways informed stock exchanges in regulatory filings.The airline, which ceased all its operations temporarily last week, is under the management control of State Bank of India-led consortium of lenders following a debt-restructuring plan approved by its board last month.At 10:30 am, the Jet stock was down 10.10 per cent at Rs 147.35..
Ghosn indicted on fresh charge of Nissan fund misuse
Tokyo prosecutors on Monday indicted former Nissan Motor Co. Chairman Carlos Ghosn over a fresh charge of misusing company funds paid to a distributor in Oman, yet another setback for the once-celebrated auto tycoon who maintains he is innocent of all allegations.
Sensex slips by 250 points on higher oil prices
The benchmark Sensex opened on a weak note on Monday, and was trading nearly 250 points lower owing to a steep rise in the crude oil prices.
Sensex down 296 points, Nifty falls below 11,600 level
Equity benchmark indices plunged after opening on a flat note in Monday's morning trade despite good corporate results last week.At 10:15 am, the BSE S & P Sensex was down 296 points at 38,844 while the NSE Nifty 50 fell 102 points to 11,651.All sectoral indices were in the red except IT with realty losing 2.13 per cent and public sector banks 1.31 per cent.Among stocks, Bharat Petroleum was down 4.7 per cent, Indian Oil 3.4 per cent, Indiabulls Housing Finance and Yes Bank both nearly 3 per cent. Heavyweight Reliance Industries too was down by 2.3 per cent.However, Power Grid, Tata Consultancy Services, Wipro, Tech Mahindra and HCL Tech showed marginal gains.Meanwhile, Asian equity markets were subdued as investors awaited the resumption of trading in major centres from the Good Friday holiday..
SpiceJet-Emirates MoU signals wider partnership ahead
In what suggests a beginning of larger partnership, low-cost carrier SpiceJet has announced to enter into a code-share agreement with Dubai's flag carrier Emirates.
Writer Information Receives ISO 15489-1:2016 Certification
/ -- Writer Information, one of the most trusted Records Management entities in India, announced today that their Secured Storage Services have been assessed and certified by BSI Group India for ISO 15489-1: 2016. This certification has been assessed by BSI Group India Private Limited covering the scope: The provision of Creation, Inventorisation, Packing & Pickup, Storage, Retrieval, Refiling, Destruction, Digitization, and management of Information, Documents, Records and its Metadata in the system for SSS (Secured Storage Services) Business. (Logo: https://mma.prnewswire.com/media/839719/Writer_Information_Logo.jpg) Commenting on this achievement, Mr. Veer Sappadla, Chief Operation Officer (COO) said, "This certification confirms that our quality management system consistently delivers outstanding services and helps us accomplish our goals at the highest levels of efficiency. We feel the constant need to deliver innovative and customer-focused solutions with continuous ...