Page 674 - Business Finance
Volumes soar at Security & Intelligence Services India Ltd counter
Security & Intelligence Services India Ltd recorded volume of 6.62 lakh shares by 14:14 IST on NSE, a 23.24 times surge over two-week average daily volume of 28494 shares
Syndicate Bank extends deadline for ESPS till Mar 30
State-owned Syndicate Bank has extended till March 30 the deadline for its staff to subscribe to bank's equity under the employee stock purchase scheme (ESPS), through which it plans to raise up to Rs 500 crore. The bank has put up as many as 30 crore new equity shares, aggregating up to Rs 500 crore (including premium), for sale under ESPS. "It is hearby informed that the issue will remain open till March 30, 2019," the bank said in a regulatory filing Monday. As per Syndicate Bank's filing in February, the issue, which opened on March 5, was to close on March 25. Shares of Syndicate Bank were trading at Rs 38.45 apiece on the BSE, down 0.13 per cent.
Rahul unveils contours of minimum income guarantee scheme, says 20 % poorest people will get Rs 72,000 per year
Describing the scheme as unique in the entire world, he told a press conference here that the minimum income guarantee scheme will be implemented in a phased manner as part of the "final assault on poverty"."For the last five years, people have suffered a lot, particularly the poor people. We have decided to give NYAY (Nyuntam Aay Yojana) to the poor people of the country. As part of the minimum income guarantee scheme, we are going to announce historic measures," he said."Congress guarantees that the 20 per cent poorest families of the country will be given Rs 72,000 per year directly in their bank accounts," Rahul said, about the scheme regarding which he had first spoken at a rally last month.The Congress leader said 5 crore families and 25 crore people will directly benefit from this scheme.Explaining the contours of the proposed scheme, he said the cut-off income will be Rs 12,000 per family per month and if any family earns less than that, the remaining amount will be a top up ..
Japan Nikkei tumbles on slowdown fears
The rout in European and US stocks from Friday has continued in early Asian trade on Monday. The sharp falls reflect growing concern about the outlook for the global economy, sparked by soft PMI data from the Eurozone and United States in March that amplified concerns that the recent slowdown is becoming entrenched.
Australia Market tumbles on global growth jitters
The rout in European and US stocks from Friday has continued in early Asian trade on Monday. The sharp falls reflect growing concern about the outlook for the global economy, sparked by soft PMI data from the Eurozone and United States in March that amplified concerns that the recent slowdown is becoming entrenched.
Sensex, Nifty hit fresh intraday low
Key indices hit fresh intraday low in mid-afternoon trade on fresh selling in index pivotals. At 14:28 IST, the barometer index, the S&P BSE Sensex, was down 473.30 points or 1.24% at 37,691.31. The Nifty 50 index was down 137.90 points or 1.2% at 11,319. Weak global stocks weighed on the sentiment.
Jindal Steel & Power re-starts its 1.8 MTPA Direct Reduced Iron (DRI) plant at Angul
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UltraTech Cement allots 2208 equity shares under ESOS
On allotment, the equity share capital of the Company stands increased to 27,46,42,720 equity shares of Rs. 10/- each aggregating to Rs. 2,74,64,27,200/-.
Board of Krebs Biochemicals & Industries approves allotment of 28.86 lakh equity shares
At meeting held on 25 March 2019
Ayepee Lamitubes announces record date for scheme of amalgamation
Record date is 05 April 2019
'EC should not allow defaulters to contest polls'
Terming the political parties' assurance in their manifestos to waive off education loans as undesirable, an apex banking body has urged the Election Commission to get an undertaking from poll candidates that they are not bank loan defaulters.
IOC-BPRL wins oil block in Abu Dhabi
State-owned Indian Oil Corporation (IOC) Monday said it along with its partner Bharat PetroResources Ltd (BPRL) has won an oil block in Abu Dhabi, where the two will invest USD 170 million. IOC-BPRL won the block in Abu Dhabi's first-ever competitive bid round. "IOC and BPRL, a subsidiary of Bharat Petroleum Corporation Ltd (BPCL), acting jointly as a consortium through Urja Bharat Pte Ltd have been awarded 100 per cent stake in the Abu Dhabi Onshore Block 1 Concession," it said in a regulatory filing. The Concession has been awarded by the Supreme Petroleum Council (SPC), on behalf of the Abu Dhabi government, where participation of the Indian consortium is through a special purpose vehicle (SPV), Urja Bharat Pte Ltd. IOC and BPRL hold 50 per cent each in Urja Bharat Pte Ltd. "The Indian consortium will make an investment of USD 170 million for the exploration activities," it said. The Concession award is for 35 years with the effective date of March 24, 2019. The concession ...
RBI's dollar-rupee swap to release Rs 35,000 cr liquidity
The RBI's latest step on the rupee-dollar swap mechanism will unleash Rs 35,000 crore liquidity in the system, while the credit situation is comfortable , a senior official source said on Monday.
HCL Technologies recognised as Leader and Star Performer for Cloud Enablement Services
By Everest Group
International Paper slips after plant shut down for maintenance
International Paper APPM fell 3.40% to Rs 438.95 at 14:09 IST on BSE after the company shut its Rajahmundry plant in Andhra Pradesh from 25th to 30th March 2019 for maintenance.
Jet Board meets on interim funding, Goyal's future role
The Jet Airways Board met here on Monday to decide on ways to procure interim funding and on the future role with the financially troubled airline of its promoter and founder Naresh Goyal.
Gold surges by Rs 170 on local jewellers' demand, global cues
Gold prices surged by Rs 170 to Rs 33,220 per 10 gram at the bullion market here on Monday on increased buying by local jewellers amid a firm global trend. Silver, however, remained weak and fell by another Rs 70 to Rs 39,200 per kg due to decreased offtake by industrial units and coin makers. Traders said sentiment turned upbeat on the back of a pick-up in buying support from local jewellers and retailers amid positive global cues as US recession fears boosted appeal for the bullion as safe-haven asset. Globally, gold rose 0.19 per cent to USD 1,316.90 an ounce and silver by 0.12 per cent to USD 15.54 an ounce in New York Monday. In the national capital, gold of 99.9 per cent and 99.5 per cent purities rose by Rs 170 each to Rs 33,220 and Rs 33,050 per 10 gram, respectively. It had gained Rs 80 on Friday. Sovereign gold, however, held steady at Rs 26,400 per piece of eight gram. On the other hand, silver ready slipped by Rs 70 to Rs 39,200 per kg and weekly-based delivery by Rs 8 to .
All you need to know about the plowback ratio
If the dividend ratio is 20 per cent of net profits, then the plowback ratio will logically be 80 per cent.
Singapore focuses on developments in Indian states
Singapore is the preferred partner of Indian states which are looking for collaborations for developing infrastructure, new cities, urban solutions and renewal, skills development and logistics facilities, Indian ambassador to Singapore Jawed Ashraf said on Monday. There are at least half a dozen Indian states actively engaged with Singapore. Over 180 business executives participated at the "Doing Business with Indian States: Opportunities and Way Forward. "The areas of strength for Singapore are precisely the areas in which states are looking for opportunities for collaboration," Ashraf said. "There is a natural match in many ways between what Singapore brings in terms of unique value propositions and what the state governments require," Jawed Ashraf underlined. He highlighted a number of Singapore companies that have advanced experience in working in different states, including Ascendas-Singbridge, Sembcorp, Meinhardt and YCH. These companies have developed the kind of experience ...
Renault to increase Kwid prices by up to 3 pc from April
French car maker Renault Monday said it would increase prices of Kwid range in India by up to 3 per cent from the next month, to partially offset the impact of rising input costs. The revised prices will be effective April 1, the company said in a statement. The price rise is on the account of rising input costs, it added. The company sells Kwid hatchback with both 0.8 litre and 1 litre powertrains mated with manual and automated transmission options. The Kwid range is priced between Rs 2.66 lakh and Rs 4.63 lakh (ex-showroom Delhi). Renault had recently upgraded Kwid with various active and passive safety features including anti-lock braking system with electronic brakeforce distribution (ABS with EBD) and a driver airbag, among others. Last week, Tata Motors had announced to increase prices of its passenger vehicles by up to Rs 25,000 from April on account of rising input costs and external economic conditions. The company joins the likes of Toyota and Jaguar Land Rover which have ..