Page 653 - Business Finance
Yes Bank Ltd spurts 1.97%, rises for third straight session
Yes Bank Ltd is quoting at Rs 273.75, up 1.97% on the day as on 12:54 IST on the NSE. The stock is down 10.61% in last one year as compared to a 12.69% gain in NIFTY and a 24.14% gain in the Nifty Bank index.
Bank of Baroda gains for third straight session
Bank of Baroda is quoting at Rs 128.35, up 5.59% on the day as on 12:54 IST on the NSE. The stock is down 9.55% in last one year as compared to a 12.69% jump in NIFTY and a 24.14% jump in the Nifty Bank index.
Japan's Honda, Hino join SoftBank-Toyota mobility venture
Japanese automakers Honda and Hino are joining a partnership between SoftBank and Toyota for mobility service innovation such as self-driving cars. Japanese technology company SoftBank Corp. and Toyota Motor Corp., the nation's top automaker, announced late last year a joint venture for mobility services, in what they called a "united Japan" effort to face global competition. Honda Motor Co., Toyota's rival, and Hino Motors, Toyota's truck division, said Thursday each company will acquire a 9.9 per cent stake in the USD 20 million Toyota-SoftBank venture Monet Technologies Corp. Each company invests USD 2.3 million, according to the companies. Toyota and SoftBank also announced Thursday a Monet Consortium, which includes partnerships with 88 other companies, including Coca-Cola Bottlers Japan and East Japan Railway Co., to enhance mobility services. Philips Japan, a health technology company, developer Mitsubishi Estate and Yahoo Japan Corp. have also agreed to join the ...
ITDC scouts for hotel chain operator to run Hotel Kalinga Ashok
The government is scouting for a hotel chain to operate and manage Hotel Kalinga Ashok in Bhubaneswar, Odisha. The government-owned India Tourism Development Corporation (ITDC) currently operates a network of 5 Ashok Group hotels, including Hotel Kalinga Ashok in Odisha. "ITDC intends to do partnership with a reputed hotel chain operator to operate the property (Hotal Kalinga Ashok) for the period of 30 years. ITDC proposes to contract reputed hotel operators to manage the property on 'as-is-where-is' basis presently operative at lease hold land," ITDC said in the request-for-proposal (RFP) document. Interested bidders can submit their e-bids for the hotel by April 22. The scope of work of the bidder includes marketing the hotel property and providing all related services to the guests as per the standards of 3 stars or above. It will include all front office management, room services, housekeeping, repair & maintenance services, food and beverage services, banquet and related ...
Gold futures weaken by Rs 41 per 10 gram
Gold prices were down by Rs 41 to Rs 31,975 per 10 gram in futures trade Thursday as speculators reduced exposure despite a firm trend in the precious metal overseas. At the Multi Commodity Exchange, gold for delivery in April traded lower by Rs 41, or 0.13 per cent, at Rs 31,975 per 10 gram in a business turnover of 4,663 lots. The gold for delivery in June also fell by Rs 48, or 0.15 per cent, to Rs 32,227 per 10 gram in a business turnover of 172 lots. Marketmen said the fall in gold prices at futures trade was mostly due to trimming of positions by participants. Globally, however, gold was trading 0.08 per cent higher at USD 1,310.91 an ounce in Singapore.
Fintech startups paving way for a financially smart India with global recognition
India has achieved the second spot globally with largest number of financial technology (fintech) startups, according to a report.The first spot was booked by the United States leading the list.With a total of over 2,000 fintech startups, 42 per cent of them are concentrated in Bengaluru and Mumbai followed by New Delhi, Gurugram and Hyderabad.Among all fintech startups, the ones who had maximum share were payment companies, lending, insurance and personal finance management startups. Some significant names that have made an impact include Paytm, MobiKwik, Policy Bazaar, PhonePe, PayU, Kissht, Shubh Loans, Lending Kart and Faircent.According to the report on Indian fintech ecosystem, there has been three-fold growth in the number of fintech startups during 2015-2018. Over 1,300 new startups were added to the base number of over 730 already in practice.Shubh Loans, a mobile money lending startup, is making loans accessible to the underserved and unserved.Monish Anand, Founder and CEO ..
Market may see volatility on F&O expiry
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 77 points at the opening bell. Trading could be volatile as traders roll over positions in the F&O segment from the near month March 2019 series to April 2019 series. The March 2019 F&O contracts expire today, 28 March 2019.
Realty stocks gain
Key indices extended gains and hit fresh intraday high in early afternoon trade. At 12:28 IST, the barometer index, the S&P BSE Sensex, was up 213.96 points or 0.56% at 38,346.84. The Nifty 50 index was up 69.60 points or 0.61% at 11,514.65. Realty stocks gained.
Strong market breadth
Key indices hovered in positive zone in mid-morning trade. At 11:26 IST, the barometer index, the S&P BSE Sensex, was up 162.93 points or 0.43% at 38,295.81. The Nifty 50 index was up 59.15 points or 0.52% at 11,504.20. IT stocks gained.
Sensex, Nifty extend gains
Stocks extended gains and hit fresh intraday high in morning trade. At 10:26 IST, the barometer index, the S&P BSE Sensex, was up 176.33 points or 0.46% at 38,309.21. The Nifty 50 index was up 55.85 points or 0.49% at 11,500.90.
Market drifts higher in early trade
Key indices nudged higher in early trade on buying demand in index pivotals. At 9:30 IST, the barometer index, the S&P BSE Sensex, was up 119.66 points or 0.31% at 38,252.54. The Nifty 50 index was up 37.50 points or 0.33% at 11,482.55.
2019 World System Integrator Conference: Taiwan's Capacity in Systems Integration and Experience in Smart City Construction Promoted to the International Stage
/ -- The Industrial Development Bureau (IDB) of the Ministry of Economic Affairs (MOEA) of Taiwan organized the 2019 World System Integrator Conference to be held before the opening of the 2019 Smart City Summit and Expo at Taipei Nangang Exhibition Center on March 25 (Monday), marked the first time for Taiwan to hold a conference on the theme of systems integration (SI). The strategic aim of the event is to, under the direction of the government, lead in international cooperation orders for high quality smart city systems integrators, which is intended to establish in Taiwan an international platform for connecting system integrators. The event gathered 300 participants from over 20 countries, including industry, government, academia, and research institutions and systems integrators, who attended the event to engage in exchange of experiences in smart city development. The conference held keynotes on specific topics: Stan Schneider, Vice Chair of Industrial Internet Consortium, ...
Salona Cotspin Ltd leads gainers in 'B' group
Khadim India Ltd, Indiabulls Ventures Ltd, Times Guaranty Ltd and Panacea Biotec Ltd are among the other gainers in the BSE's 'B' group today, 28 March 2019.
Dewan Housing Finance Corporation Ltd leads gainers in 'A' group
Rain Industries Ltd, Graphite India Ltd, Take Solutions Ltd and Indiabulls Integrated Services Ltd are among the other gainers in the BSE's 'A' group today, 28 March 2019.
Board of Chemfab Alkalis appoints CS and accepts resignation of director
At meeting held on 28 March 2019
Tech, banking stocks lift Sensex by 197 points in early trading at 38,329
Equity benchmark indices traded in the green during morning session on Thursday with IT and banking stocks gaining ground.Among the early gainers were Infosys, TCS, HCL Tech, Yes Bank, Bank of Baroda and Punjab National Bank.At 11:15 am, the BSE S & P Sensex was up 197 points at 38,329 while the NSE Nifty 50 gained 66 points at 11,511.Shares of HCL Tech and Indiabulls Housing Finance gained nearly 3 per cent in the morning session while Yes Bank was up by 1.6 per cent. Vedanta, Adani Ports, NBCC and Ultratech Cement also gained marginally.But Tata Motors, Bajaj Auto, ONGC, Dr Reddy Labs and Power Grid traded in the red.Meanwhile, Asian shares declined as the dip in developed market sovereign bond yields continued to disappoint investors about the global economic outlook.
Open Data Initiative discussed at Adobe Summit
In a bid to help companies deliver Cloud-based real-time insights to businesses, software majors Adobe, Microsoft and SAP have revealed details about their Open Data Initiative (ODI) fuelled by Artificial Intelligence (AI) and Intelligent Services.
L&T inches up after securing contracts
Larsen & Toubro rose 0.29% to Rs 1371.75 at 10:58 IST on BSE after the company said its construction arm has secured significant contracts from prestigious clients across different states in India.
Volumes jump at Max India Ltd counter
Max India Ltd witnessed volume of 5.03 lakh shares by 10:46 IST on BSE, a 11.85 times surge over two-week average daily volume of 42457 shares
Direct tax collection falls short, CBDT raises alarm
The CBDT has rung alarm bells and has asked the Income Tax Department to go for a major assault as the direct tax collection target remains short of about 15 per cent, with the financial year closing less than a week away. On March 26, CBDT Member (Revenue) Neena Kumar shot off a letter to all the regional chiefs of the department stating that the tax collection figures have "been reviewed and it is seen that as against the budget collection target of Rs 12,00,000 crore, only 85.1 per cent of the target at Rs 10,21,251 crore has been collected as on March 23." The officer, who is responsible to supervise I-T department's tax collection work across the country, underlined the areas that are sluggish vis-a-vis direct tax collections obtained from personal, corporate and advance tax categories. "The minor head-wise analysis indicates worsening trend of negative growth in regular collections at -6.9 per cent as against -5.2 per cent in the last week. This is an alarming situation which ...