Page 675 - Business Finance
Airtel slashes call rates to Bangladesh, Nepal by up to 75 pc
Telecom operator Bharti Airtel Monday slashed ISD call rates to Bangladesh and Nepal by up to 75 per cent for pre-paid customers without any need for a special recharge to cut the tariff. "Calls to Bangladesh will now be charged at only Rs 2.99 per minute (versus Rs 12 per minute earlier) representing a reduction of 75 per cent. Calls to Nepal will now be charged at Rs 7.99 per minute (versus Rs 13 earlier) representing a reduction of approximately 40 per cent," Airtel said in a statement. The company claimed that the new ISD call charges, which are currently available to Airtel prepaid mobile users, are the most affordable in the industry and eliminate the need for buying additional ISD packs to make calls to Bangladesh and Nepal. "Airtel mobile customers can now enjoy the most competitive ISD tariffs with their regular recharge packs and bundles," the statement said. Airtel has over 280 million mobile customers in India. However, as per telecom regulator Trai's reporting rules, it ..
Motherson Sumi Systems Ltd drops for fifth straight session
Motherson Sumi Systems Ltd is quoting at Rs 143.7, down 2.24% on the day as on 13:19 IST on the NSE. The stock tumbled 31.74% in last one year as compared to a 11.88% rally in NIFTY and a 23.76% fall in the Nifty Auto index.
TVS Motor Company Ltd eases for fifth straight session
TVS Motor Company Ltd is quoting at Rs 463.15, down 0.41% on the day as on 13:19 IST on the NSE. The stock tumbled 25.2% in last one year as compared to a 11.88% rally in NIFTY and a 23.76% fall in the Nifty Auto index.
IBC possible for Jet Airways if no resolution: Official
The Jet Airways crisis could eventually head towards insolvency if the creditors fail to reach a consensus on a resolution plan, a senior official said on Monday.
RBI to issue guidelines on regulatory sandbox in next two months: Das
To promote innovation in FinTech space, the central bank will issue guidelines for regulatory sandbox in the next two months, RBI Governor Shaktikanta Das said Monday. A regulatory sandbox is a framework set up by a regulator that allows FinTech startups to conduct live experiments in a controlled environment under supervision. "A Regulatory Sandbox' would benefit FinTech companies by way of reduced time to launch innovative products at a lower cost. Going forward, the Reserve Bank will set up a regulatory sandbox, for which guidelines will be issued in the next two months," he said at an event organised by NITI Aayog here. The RBI's working group on FinTech and digital banking in November 2017, had suggested the introduction of a regulatory sandbox/innovation hub within a well-defined space and duration to experiment with FinTech solutions, where the consequences of failure can be contained and reasons for failure analysed. Observing that FinTech has the potential to reshape the ...
Benchmarks trade near day's low; breadth weak
Key equity benchmarks were hovering near the day's low in afternoon trade, tracking weakness in other Asian shares. At 13:17 IST, the barometer index, the S&P BSE Sensex, was down 408.40 points or 1.07% at 37,756.21. The Nifty 50 index was down 122.50 points or 1.07% at 11,334.40.
Crude steel output grows over 4 pc to 8.91 MT in February
The country's crude steel output grew over 4 per cent to 8.91 million tonne (MT) in February as compared with the year-ago month, according to official data. The domestic crude steel production had stood at 8.54 MT during February 2018, according to a report by the Joint Plant Committee (JPC), which comes under the Ministry of Steel. "Crude steel production stood at 8.914 MT in February 2019, up by 4.3 per cent over February 2018, and was down by 2.9 per cent over January 2019," the report said. State-run Steel Authority of India Ltd, Rashtriya Ispat Nigam Ltd along with private firms Tata Steel Ltd, Essar Steel, JSW Steel, and Jindal Steel and Power Ltd produced 5.40 MT and the remaining 3.50 MT came from the other producers, it added. During February this year, the production of hot metal was 12.1 per cent higher at 6.09 MT, against 5.43 MT in February 2018. "Hot metal production in February 2019 was up by 12.1 per cent over February 2018 and was down by 4.4 per cent over January ...
RBI Governor to meet fintech firms on growth hurdles
RBI Governor Shaktikanta Das will meet financial technology (fintech) companies this week to understand the issues affecting the growth of the sector and will issue guidelines on the regulatory "sandbox" for the sector in the next two months, Das said on Monday.
Market hits intraday low
Key benchmark indices extended fall and hit fresh intraday low in early afternoon trade. At 12:28 IST, the barometer index, the S&P BSE Sensex, was down 414.96 points or 1.09% at 37,749.65. The Nifty 50 index was down 119.95 points or 1.05% at 11,336.95. Shares of state-run oil marketing companies gained. Negative Asian stocks weighed on sentiment.
Time Technoplast bags large order for PE Pipes in India
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CIL Nova Petrochemicals Ltd leads gainers in 'B' group
Ducon Infratechnologies Ltd, Cybertech Systems & Software Ltd, PG Electroplast Ltd and Arvind Fashions Ltd are among the other gainers in the BSE's 'B' group today, 25 March 2019.
Lupin allots 10502 equity shares under ESOP
In view of the above, the issued and paid up capital of the Company has been increased to Rs. 90,49,87,394 consisting 45,24,93,697 equity shares of Rs. 2/ - each.
REC Ltd leads gainers in 'A' group
Power Finance Corporation Ltd, TTK Prestige Ltd, BASF India Ltd and Jet Airways (India) Ltd are among the other gainers in the BSE's 'A' group today, 25 March 2019.
Writer Information Successfully Opens its End-to-end Contact Centre at Mahape, Navi Mumbai
/ -- Following months of strategic planning and development, Writer Information has announced the opening of its new Contact Centre in Mahape, Navi Mumbai, India. This state-of-the-art centre will act as one of the foremost facilities providing communication as well as collaboration technology, enabling the digital workplace and delivering exceptional customer experiences. (Logo: https://mma.prnewswire.com/media/839719/Writer_Information_Logo.jpg) The contact centre currently handles a well-known insurance company's complete end-to-end processes, pan India. This facility in Mahape is a full-fledged contact centre with both inbound and outbound scope, handling calls related to every possible issue, from onboarding the customers to addressing their queries. Right from hiring the employees, to training them; be it soft skills, behaviour patterns or product processes, this facility scores 100 percent when it comes to adhering to the client's data security policies. Designed ...
WebHopers Academy Offering Fully Integrated Digital Marketing Courses in Chandigarh
/ -- Over the past few years, Digital marketing has completely changed the landscape of marketing upside down. By providing real-time and easy-to-measure results, cost-efficient, and guarantee for good ROI, Digital Marketing - 'the process of doing the promotion of services or products online or using social media platform' - has become a familiar term. It doesn't matter if a business is big or small, Digital Marketing has become essential irrespective of industry or business type. The tremendous demand of digital marketing has made it a smart career option. Owing to the keen interest of businesses in Digital Marketing, the demand for skilled digital experts has increased in recent time. WebHopers Academy is among the few offering fully integrated digital marketing courses in Chandigarh covering latest trends and techniques. Scope of Digital Marketing in Different Industry Although Digital Marketing can be utilized in any organization but here are few industries which have good ...
Tejas Networks Appoints Two New Board of Directors - CB Bhave Appointed as Independent Director and Arnob Roy as Executive Director
/ -- Tejas Networks (BSE: 540595) (NSE: TEJASNET) today announced it has appointed Mr. C.B Bhave as an Independent Director and Mr. Arnob Roy as an Executive Director who will assume the role of Chief Operating Officer (COO), with effect from March 25, 2019, based on the recommendations of the Nominations and Remunerations Committee. With these additions, the Board now has three Independent Directors out of a total of six Directors. (Logo: https://mma.prnewswire.com/media/840248/Tejas_Networks_Ltd_Logo.jpg) Mr C.B Bhave served as the Chairman of Securities and Exchange Board of India (SEBI), India's capital market regulator, from 2008 to 2011, prior to which he was the Chairman and Managing Director of National Securities Depositories Limited (NSDL) from its inception in 1996 till 2008. Mr Bhave, a 1975 batch Indian Administrative Services (IAS) officer, worked with the Central and State Governments in various capacities and roles and has won several awards from the Government of ...
Metal and mining stocks decline
Weakness persisted on the bourses in mid-morning trade. At 11:15 IST, the barometer index, the S&P BSE Sensex, was down 352.64 points or 0.92% at 37,811.97. The Nifty 50 index was down 105.65 points or 0.92% at 11,351.25. Metal and mining stocks declined. Negative Asian stocks weighed on sentiment.
Zinc futures fall 0.18% on weak global cues
Taking weak cues from overseas markets, zinc prices fell by 0.18 per cent to Rs 196.70 per kg in futures market Monday after speculators cut down their holdings. At the Multi Commodity Exchange, zinc for delivery in current month drifted down by 35 paise, or 0.18 per cent to Rs 196.70 per kg in business turnover of 861 lots. Analysts said cutting down of positions by traders on the back of a weak trend overseas on economic slowdown concerns, mainly attributed the fall in zinc prices at futures trade. Globally, at the London Metal Exchange (LME) zinc for delivery in three-month slid 0.4 per cent.
Crude oil futures slip 0.22% on weak global trend
Crude oil futures fell by 0.22 per cent to Rs 4,066 per barrel Monday as speculators reduced positions amid a weakening trend overseas. At Multi Commodity Exchange, crude oil for delivery in April traded Rs 9, or 0.22 per cent, lower at Rs 4,066 per barrel in 7,452 lots. The trading sentiment dampened in futures trade after oil prices eased in Asian trade as concerns of a sharp economic slowdown outweighed supply disruption from OPEC's production cutbacks and US sanctions on Iran and Venezuela,. analysts said. Meanwhile, West Texas Intermediate (WTI) crude was down 63 cents, or 1.1 per cent, to USD 58.42, while Brent crude fell 51 cents, or 0.8 per cent, to USD 66.52 a barrel on the New York Mercantile Exchange.
Dr. Reddy's Lab bucks weak market trend
Dr. Reddy's Laboratories rose 1.14% to Rs 2780.30 at 11:19 IST on BSE after the company said its Hyderabad unit received no observation under form 483 by the US drug regulator.