Page 684 - Business Finance
Priyanka welcomes Serena Williams on Bumble Fund
Indian actress Priyanka Chopra has welcomed Tennis star Serena Williams to the Bumble Fund.
Market breadth turns negative
Trading turned volatile as key equity indices reversed trend and slipped into negative terrain in mid-morning trade. At 11:25 IST, the barometer index, the S&P BSE Sensex, was down 113.73 points or 0.30% at 38,273.02. The Nifty 50 index was down 29.65 points or 0.26% at 11,491.40. Weakness in index pivotals, Reliance Industries, HDFC Bank and TCS, put pressure on bourses. Negative global cues dented investors' sentiment.
Fitch cuts India growth forecast for FY20 to 6.8 pc on weak momentum
Fitch Ratings Friday cut India's GDP growth forecast for the next fiscal to 6.8 per cent from 7 per cent estimated earlier on weaker than expected economic momentum. In its latest Global Economic Outlook, Fitch also slashed GDP growth forecast for current fiscal ending March 2019 to 6.9 per cent from 7.2 per cent projected in the December edition. The 6.9 per cent estimate is a notch lower than 7 per cent growth estimated by the Central Statiscs Office (CSO) for the current fiscal. Indian economy grew 7.2 per cent in 2017-18 fiscal. "While we have cut our growth forecasts for the next fiscal year (FY20, ending March 2020) on weaker than expected momentum, we still see Indian GDP growth to hold up reasonably well at 6.8 per cent followed by 7.1 per cent in FY21," Fitch said. The rating agency said, India's GDP growth softened for the second consecutive quarter in the October-December period at 6.6 per cent after clocking a growth of 7 per cent and 8 per cent in July-September and ...
Sensex slips 63 points in morning trading, Nifty around 11,500
Equity benchmark indices opened on a moderate note but quickly slipped into the negative territory on Friday following selling pressure.At 11:15 am, the BSE S & P Sensex was down 63 points at 38,324 while the NSE Nifty 50 was down 24 points at 11,497.On the sectoral front, petro, media and IT stocks traded in the red while pharma, banking, auto and infrastructure stocks gained marginally.SpiceJet traded nearly 8 per cent higher following reports that many pilots of cash-strapped Jet Airways are keen to switch sides.Among other gainers on the National Stock Exchange were Indiabulls Housing Finance, Godrej Properties, Infosys, Wipro and Hindalco. But Indian Oil, Hindustan Petroleum and Bharat Petroleum traded lower.Among the most active scrips on National Stock Exchange were Punjab National Bank, Reliance Industries, Maruti and Yes Bank.Meanwhile, Asian shares gained sharply after upbeat US data and optimism in the tech sector lifted Wall Street stocks.The International Energy ...
Greenlam Inds gains after announcing capacity expansion
Greenlam Industries rose 1.11% to Rs 910 at 10:45 IST on BSE after the company approved to increase the manufacturing capacity to manufacture additional laminate sheets per annum.
Volumes spurt at Oberoi Realty Ltd counter
Oberoi Realty Ltd notched up volume of 5.07 lakh shares by 10:49 IST on BSE, a 22.24 fold spurt over two-week average daily volume of 22777 shares
Pakistan to receive loan from China by March 25
Pakistan's Finance Ministry has announced that the State Bank of Pakistan (SBP) will receive a $2.1 billion loan from China by March 25, the media reported on Friday.
Strong gains at Wall Street
Shares of Apple help propel the Dow
Shares extend early gains
Benchmarks extended early gains and hit fresh intraday high in morning trade. At 10:25 IST, the barometer index, the S&P BSE Sensex, was up 113.92 points or 0.30% at 38,500.67. The Nifty 50 index was up 30.10 points or 0.26% at 11,551.15.
Global Digital Spending Touched $575 Bn in 2018 and is Expected to Grow to a Whopping $1.2 Tn by 2022: Says Zinnov
/ -- 40% of the Large Enterprises have set up one or more digital CoEs focused on Internet of Things (IoT), Robotic Process Automation (RPA), and Artificial Intelligence (AI) Over 85% of the top 100 global enterprises are investing in building intelligent platforms to drive digital outcomes Digital revenue for outsourcing Service Providers is set to grow at a 29% CAGR to reach $110 Bn, by 2022 Zinnov, a leading global management and strategy consulting firm, released its global rankings of Digital Service Providers for 2019, titled, 'Zinnov Zones for Digital Services - 2019' today. Zinnov defines digital spend as investments on modern data-driven digital technologies that help companies improve customer experience, drive higher operational efficiencies, and build new digital products and services. The study analyzed the Global Digital Spending across enterprise segments and evaluated outsourcing Service Providers on the breadth and depth of their capabilities. (Logo: ...
EcoEnergy Insights Recognized for Growth, Innovation and Leadership: Wins Prestigious Frost & Sullivan Best Practices Award
/ -- EcoEnergy Insights, a leading provider of analytics-driven energy management and business outcome services, has been awarded this year's Frost Radar best practices award for Growth, Innovation and Leadership in the global building energy management system (BEMS) segment. Frost & Sullivan recognized EcoEnergy Insights for growing their leadership position by creating new products and solutions that serve the evolving needs of their customer base. EcoEnergy Insights is a part of Carrier, a leading global provider of innovative heating, ventilating and air conditioning (HVAC), refrigeration, fire, security and building automation technologies. EcoEnergy Insights, a leading provider of analytics-driven energy management and business outcome services, has been awarded this year's Frost Radar best practices award for Growth, Innovation and Leadership in the global building energy management system (BEMS) segment. Mansoor Ahmad, managing director of EcoEnergy Insights, accepted the .
Sensex up 116 pts, Nifty above 11,550 mark
The Sensex and Nifty opened higher on Friday following firm Asian markets along with gains in the pivotal banking stocks.
Sensex rises over 100 pts on robust FII buying
Rising for the ninth straight session, market benchmark BSE Sensex rose over 119 points in early trade Friday led by gains in banking, metal and auto stocks amid sustained foreign fund inflow. Gains were, however, capped tracking Asian markets as investors turned cautious after the US Federal Reserve kept interest rates unchanged, experts said. The 30-share index was trading 119.52 points, or 0.31 per cent, higher to 38,506.27. The index began the session on a firm note at 38,452.47 and hit the session's high of 38,526.71 on steady buying by foreign funds as well as retail investors. The NSE Nifty also advanced by 36.35 points, or 0.32 per cent, to 11,557.40. Major gainers were Bharti Airtel, L&T, Yes Bank, Tata Steel, NTPC, Asian Paint, Bajaj Auto, HDFC, Axis Bank and State Bank of India, rising up to 3.03 per cent. Among the losers in the Sensex pack, ITC, Reliance Industries, Maruti, M&M, TCS and ONGC down up to 1.75 per cent. Brokers said sustained foreign fund inflows ...
IDFC First Bank gains after divesting stake in ARCIL
IDFC First Bank was up 2.29% to Rs 53.50 at 09:25 IST on BSE after the bank sold its entire approximately 8.37% stake in the share capital of Asset Reconstruction Company (India).
AXISCADES Engineering Technologies Ltd Slips 4.82%
AXISCADES Engineering Technologies Ltd has added 1.54% over last one month compared to 0.59% gain in S&P BSE IT Sector index and 7.6% rise in the SENSEX
Sree Rayalaseema Hi-Strength Hypo announces change in directorate
With effect from 20 March 2019
MeDirect Bank Belgium launches Regulated Savings Product on Finacle's core banking solution
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NTPC Ltd Spurts 2.01%, S&P BSE Power index Rises 1.18%
NTPC Ltd has added 15.37% over last one month compared to 12.33% gain in S&P BSE Power index and 7.68% rise in the SENSEX
Rupee rises 6 paise to 68.57 vs USD in early trade
The rupee appreciated by 6 paise to 68.57 against the US dollar in opening trade Friday, driven by sustained foreign fund inflows and higher opening of domestic equities. The rupee opened at 68.60 at the interbank forex market, then gained further ground and touched 68.57, displaying gains of 6 paise over its last close. The rupee Wednesday had recovered by 13 paise to close at 68.83 against the US dollar. The forex market was closed Thursday on account of Holi. Forex dealers said, selling of the American currency by exporters and positive opening in domestic equities supported the rupee. Fresh foreign fund inflows and easing crude prices also supported the rupee, they added. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,771.61 crore on a net basis Wednesday, as per provisional data. Brent crude futures, the global oil benchmark, slipped 0.18 per cent to USD 67.74 per barrel. Meanwhile, the benchmark BSE Sensex was trading higher by
MSTC IPO ends with 1.46 times subscription
Receives bids for 2.58 crore shares