Page 654 - Business Finance
Board of Ingersoll-Rand (India) approves change in directorate
Appointment of Jayantika Dave, Vijaya Sampath, Paul Kumar and Anil Gopinath as Additional Director.
US stocks end in the red
Ten of the 11 sectors finished lower, led by health care and energy sectors
Bharat Financial Inclusion completes Direct Assignment transaction worth Rs 1528.87 cr
With this transaction, the Company has completed Direct Assignment transactions worth Rs. 8,195.07 crore in FY 19.
Reliance Communications Ltd Slides 4.81%
Reliance Communications Ltd has lost 31.92% over last one month compared to 0.83% gain in S&P BSE Telecom index and 6.27% rise in the SENSEX
Mcleod Russel India announces cessation of step down subsidiary - Gisovu Tea Co., Rwanda
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DLF Ltd Spikes 1.23%
DLF Ltd has added 16.1% over last one month compared to 15.35% gain in S&P BSE Realty Index index and 6.1% rise in the SENSEX
NBCC (India) gains after securing new orders
NBCC (India) rose 2.75% to Rs 65.45 at 9:23 IST on BSE after the company said it has secured new works for various infrastructure projects.
Rupee falls 10 paise to 68.98 against US dollar in early trade
The rupee fell 10 paise to 68.98 against the US dollar in early trade Thursday on increased demand for the greenback from importers and banks. At the interbank forex market, the rupee opened lower at 69.04 and weakened further to 69.06. However, it recovered partially to quote 10 paise down at 68.98 against the dollar at 0924 hrs. On Wednesday, the rupee had weakened marginally by 2 paise to close at 68.88 against the US dollar. Forex dealers said, strengthening of the American currency in overseas market weighed on the domestic currency. However, sustained foreign fund inflows and higher opening in domestic equities supported the rupee and restricted the fall. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,481.11 crore Wednesday, as per provisional data. Meanwhile, brent crude futures, the global oil benchmark, fell 0.19 per cent to trade at USD 67.70 per barrel. Indian bourses rallied in early trade Thursday, with benchmark indices
NBCC (India) in focus after securing new orders
NBCC (India) has secured new orders for five infrastructure projects. The total estimated costs of these projects is approximately Rs 1003 crore. The announcement was made after market hours yesterday, 27 March 2019.
Australia Stocks trade mixed
Wall Street stocks declined on Wednesday (Mar 27) after a steep drop in U.S. bond yields led to worries about a potential recession. The yield on the 10-year US Treasury note on Wednesday fell to its lowest level since December 2017. The Dow Jones Industrial Average dipped 32.14 points (0.13%) to finish at 25,625.59. The broad-based S&P 500 shed 13.09 points (0.46%) ending at 2,805.37, while the tech-rich Nasdaq Composite Index fell 48.14 points (0.63%) to 7,643.38.
Japan Nikkei extends losses on yen's rise, global slowdown woes
Wall Street stocks declined on Wednesday (Mar 27) after a steep drop in U.S. bond yields led to worries about a potential recession. The yield on the 10-year US Treasury note on Wednesday fell to its lowest level since December 2017. The Dow Jones Industrial Average dipped 32.14 points (0.13 per cent) to finish at 25,625.59. The broad-based S&P 500 shed 13.09 points (0.46 per cent) ending at 2,805.37, while the tech-rich Nasdaq Composite Index fell 48.14 points (0.63 per cent) to 7,643.38.
US stocks fall amid economic slowdown worrries
US stocks closed lower, as investor sentiment continued to be dampened by persistent inverted yield curve, as long-term US Treasury bills kept falling throughout the day.
McLeod Russel subsidiary sells stake in Gisovu Tea
The world's largest bulk tea producer, McLeod Russel on Wednesday said its wholly-owned subsidiary Borelli Tea Holdings Ltd (BTHL) has sold its equity stake in Gisovu Tea Co of Rwanda.
Pak PM launches poverty alleviation prog
Prime Minister Imran Khan on Wednesday launched a mega scheme that aimed at reducing poverty and providing support to vulnerable groups, especially women. Addressing an event after launching the programme named 'Ehsas' (compassion), Khan said his government will amend the Constitution to make the state mandatorily fulfil the basic needs of food, clothes, shelter and health. He also announced to increase spending for the poor people to Rs 80 billion, which will be further increased to Rs 120 billion by 2020. Khan also announced to set up a Ministry for Social Protection and Poverty Alleviation. He said saving accounts will be opened for 5.7 million poor women and mobile phones will be provided to them to access their bank accounts.
Fitbit bets on affordable wearables to drive India growth
US-based Fitbit Wednesday said it is expanding its product range in India, including launching more affordable devices like Inspire, to drive its growth in the burgeoning wearables market. Fitbit will also enhance its app in the coming days that will offer users a more personal experience and help them understand their health data better. "In our last investor call, Asia Pacific was called out as a big driver for business globally, we have contributed to the Asia and the global story...With the new range, we want to make health and fitness accessible to more consumers across the country," Fitbit India Country General Manager Alok Shankar told PTI. The company does not disclose country-specific revenue and shipment details. Fitbit sold 5.6 million wearable devices globally in the December 2018 quarter, and 13.9 million devices during the full year. International operations accounted for 43 per cent (USD 243 million) of the December quarter's revenue of USD 571.2 million. "While the ...
BSE gets nod to launch interest rates futures on overnight MIBOR
Leading stock exchange BSE Wednesday said it has received approvals to launch interest rates futures on overnight MIBOR (Mumbai Inter-Bank Offer Rate). In this regard, the bourse has got clearance from the Sebi and the RBI, according to a release. MIBOR is the interest rate at which banks borrow from one another for short term purposes. Financial Benchmarks India Pvt Ltd announces the overnight MIBOR on a daily basis and it is computed by the Clearing Corporation of India (CCIL). "With the opportunity to introduce interest rates futures on overnight MIBOR, market participants will be able to forecast and manage interest rate risk on the BSE," the exchange's MD and CEO Ashishkumar Chauhan said. MIBOR rate is based on trade-weighted interbank call money transactions on the Negotiated Dealing System call platform of CCIL between 9 am and 10 am. "The reference rate is based on the actual traded rates as opposed to polled rates thus acting as an important tool that helps institutions ...
MSME networking portal launched
The Telangana government Wednesdaylaunched a MSME networking portal, Telangana State GlobalLinker (ts-msme.globallinker.com) to digitize over 2. 3 million MSMEs of the state. "Digitization is going to be one of the game changers for MSME businesses as it helps them cater to customers beyond local boundaries, allows their profit to grow twice as fast and substantially increases their contribution to GDP,"an official release quoted Jayesh Ranjan, Principal Secretary, Industries, as saying at an event. "The solution aims to address key challenges faced by MSMEs with the core objective of making their business growth simpler, more profitable and enjoyable," he said. The Telangana State GlobalLinker will provide MSMEs - a digital profile, access to global networking opportunities to find buyers and suppliers, economies of scale on a wide range of business services, access to industry news, articles and discussions, the release added.
Congress takes on Issac for terming Nyay a bluff
Ramesh Chennithala, leader of Opposition and Congress veteran, here on Wednesday hit back at Kerala Finance Minister Thomas Issac, after he called Rahul Gandhi's minimum monthly income scheme (Nyay) a bluff.
Healofy raises Rs 55 cr from BabyTree, BAce Capital and Omidyar Network India
Women-centric social network Healofy Wednesday said it has raised USD 8 million (about Rs 55 crore) from BabyTree Group, BAce Capital and existing investor Omidyar Network India. Founded in September 2016 by Gaurav Aggarwal and Shubham Maheshwari, Healofy aims to address the growing demand for relatable and credible content for Indian women in the age group of 21-35. It has created a community of over 5 lakh Daily Active Users (DAUs) on its mobile app and is expanding into newer categories like fashion, food and lifestyle in its next phase, Healofy said in a statement. The company plans to invest the funds to further strengthen the product, engineering and data science teams, and scale its machine learning and personalisation engine. * * * * * E-sports startup GamingMonk raises $100,000 from Japan's GameWith E-sports platform GamingMonk Wednesday said it has raised USD 100,000 (about Rs 70 lakh) from Japanese gaming company GameWith. The company, founded in 2014 by Abhay Sharma and ...
Jio's usage as primary voice SIM increases: Report
The use of Reliance Jio SIM cards as the primary network for voice calls by multi-SIM holders increased in 2018, a UBS report said.