Page 691 - Business Finance
Noida Toll Bridge Company Ltd leads gainers in 'B' group
Times Guaranty Ltd, Visa Steel Ltd, Oil Country Tubular Ltd and Manaksia Coated Metals & Industries Ltd are among the other gainers in the BSE's 'B' group today, 20 March 2019.
5G reserve price: TRAI says industry consulted
TRAI chairman R.S. Sharma on Wednesday put the ball back into the operators' court after they complained that the 5G spectrum reserve prices were higher, saying the operators were consulted over the base price and the government has not sought any further review on it so far.
Jet Airways shares tumble 7 pc
Shares of crisis-hit Jet Airways plunged nearly 7 per cent Wednesday after the company grounded six more planes due to non-payment of lease rentals. The stock tumbled 6.59 per cent to Rs 213.95 on BSE. On NSE, shares cracked 6.93 per cent to Rs 213.35. As many as 47 aircraft of the full service carrier are on the ground now as the company failed to pay rentals to lessors. ".... an additional six aircraft (include one aircraft of Jet Lite (India) Ltd) have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements," the airline said in a filing to the stock exchanges Tuesday. Jet Airways has been grappling with acute financial woes and has been looking at ways to raise fresh funds. Meanwhile, in more trouble for the airline, an umbrella body of its domestic pilots Tuesday threatened to stop flying from April 1 if their dues are not paid by March-end.
Nickel goes up 0.33% in futures trade on spot demand
Nickel futures traded higher 0.33 per cent at Rs 907.20 per kg Wednesday after participants built-up fresh positions amid increased demand from alloy-makers. At the Multi Commodity Exchange, nickel for delivery in March was trading higher by Rs 3, or 0.33 per cent, to Rs 907.20 per kg in a business turnover 1,372 lots. Market analysts attributed the rise in nickel prices at futures trade to increased demand from alloy-makers at the domestic physical market but a weak trend in base metals at the London Metal Exchange (LME) capped the gains.
Lead futures up 0.57% on spot demand
Lead prices rose 0.57 per cent to Rs 140.40 per kg in futures trade Wednesday as speculators created fresh positions supported by pick-up in demand at the domestic spot market. However, a weak trend in industrial metals overseas limited the gains. Lead to be delivered in March was trading higher by 80 paise, or 0.57 per cent, at Rs 140.40 per kg in a business turnover of 2,719 lots at the Multi Commodity Exchange. Marketmen said increased demand from battery-makers at the physical market led to rise in lead prices at futures market here.
Bajaj Finserv RBL Bank Supercard reaches the milestone of 1 million
Bajaj Finance Ltd., one of the most diversified NBFCs in India & RBL Bank, one of India's fastest growing private sector banks, today jointly announced that the Bajaj Finserv RBL Bank SuperCard has reached one million milestone mark in a little over two years. The Supercard is the first co-branded credit card in India to reach this milestone.Launched in Feb 2017, Bajaj Finserv RBL Bank Supercard is available to new and existing customers of Bajaj Finserv in 60 + cities. The Supercard is packed with exclusive benefits combining Bajaj Finserv's unique merchant offer proposition in over 80,000 merchants across consumer durables, mobiles, groceries and apparels along with RBL Bank's superior card management expertise. What makes this achievement extra special is that over 40% of these 1 Million Supercard holders are first-time credit card customers thereby helping drive financial inclusion through digital payments."The 1 million milestone is a strong testimonial of the continued ...
Newgen Software spurts after securing patent
Newgen Software Technologies surged 10.33% to Rs 325.70 at 11:52 IST on BSE after the company announced securing another patent for its invention- Integrated and Automatic Generation of Carbon Credits.
Reliance Communications Ltd leads gainers in 'A' group
SpiceJet Ltd, Godrej Properties Ltd, Bharat Heavy Electricals Ltd and Indiabulls Real Estate Ltd are among the other gainers in the BSE's 'A' group today, 20 March 2019.
Crude palm oil futures up 0.82% on firm spot demand
Crude palm oil prices rose 0.82 per cent to Rs 528 per 10 kg in futures trade Wednesday as speculators increased positions amid a firm demand at the spot market. At the Multi Commodity Exchange, crude palm oil for delivery in March contracts rose by Rs 4.30, or 0.82 per cent, to Rs 528 per 10 kg in a business turnover of 3,179 lots. The oil for delivery in April contracts went up by a similar margin to trade at Rs 531.70 per 10 kg in a business turnover of 252 lots. Analysts said widening of positions by participants, amid pick-up in demand at the spot market against tight stocks position on restricted supplies from producing regions, kept crude palm oil prices higher at futures trade.
Gold futures shed 0.18% on weak global cues
Gold prices weakened 0.18 per cent to Rs 31,902 per 10 gram in futures market Wednesday as speculators trimmed their positions taking weak cues from global market. At the Multi Commodity Exchange, gold for delivery in April declined by Rs 58, or 0.18 per cent, to Rs 31,902 per 10 gram in a business turnover of 959 lots. Similarly, the June contract of gold was down by Rs 48, or 0.15 per cent, at Rs 32,142 per 10 gram in a business turnover of 62 lots. Analysts said the fall in yellow metal prices in futures trade was mostly in tandem with a weak trend overseas on a stronger dollar. Globally, gold fell 0.2 per cent to USD 1,304.27 an ounce in New York Wednesday.
Copper futures fall 0.17% on weak global cues
Copper prices were down 0.17 per cent to Rs 447.05 per kg Wednesday as speculators cut down their holdings amid a weak trend overseas. At the Multi Commodity Exchange, copper for delivery in April was trading lower by 75 paise, or 0.17 per cent, to Rs 447.05 per kg in a business turnover of 1,632 lots. Analysts said a weak trend in most industrial metals on the London Metal Exchange (LME), as investors stayed on the sidelines ahead of the outcome of the US Federal Reserve rate meeting later in the day, kept pressure on copper prices at futures trade here. Globally, three-month copper fell 0.2 per cent to USD 6,446 per tonne at the LME, while at the Shanghai Futures Exchange it eased 0.1 per cent to 49,200 yuan (USD 738.63) per tonne Wednesday.
Crude oil futures fall on global leads
Crude oil futures drifted lower by Rs 3 to Rs 4,099 per barrel Wednesday as speculators reduced their exposure amid a weak trend overseas. At Multi Commodity Exchange, crude for delivery in April shed Rs 3, or 0.07 per cent, to Rs 4,099 per barrel in a business turnover of 10,653 lots. Marketmen said the fall in crude prices at futures market was mostly in sync with a weak trend overseas weighed down by economic growth concerns that dampened the outlook for fuel consumption. Meanwhile, West Texas Intermediate (WTI) crude traded 0.22 per cent lower at USD 59.16, while Brent crude fell 0.04 per cent, to USD 67.58 per barrel on the New York Mercantile Exchange Wednesday.
SBI to auction NPA assets worth Rs 6,169 cr in March
The State Bank of India will auction non-performing assets (NPAs) amounting to Rs 6,169 crore in the next 10 days to recover its dues from various defaulting business outfits.
Global digital solutions provider, Columbus, opens center of excellence in Pune
Columbus, the leading digital business services provider in the Nordic region, today announced the opening of its new Center of Excellence (CoE) in Pune.The Pune CoE will complement the global development Center in Hyderabad, which currently employs 300+ employees. Columbus plans to grow its headcount by more than 70 per cent, to nearly 500 by 2020, across the two centers in India."Congratulations to the Columbus team on the opening of their new Center of Excellence in Pune. I'm excited about their growth plans that directly align with our mission to support Swedish companies to drive long-term, sustainable business in India. Columbus is a great addition and will further strengthen the identity of the Swedish business community in India," Sara Larsson, General Manager of The Swedish Chamber of Commerce India (SCCI), congratulated Columbus on this achievement.The Pune CoE will act as a backbone to the company's Infor M3 partner practice, providing consulting and transformative ...
India hints won't attend April's Belt and Road forum
India cannot be a part of China's Belt and Road Initiative as it ignores its core concerns on sovereignty and territorial integrity, Indian envoy to Beijing has said.
Market breadth turns negative
Key barometers pared gains in mid-morning trade. At 11:25 IST, the barometer index, the S&P BSE Sensex, was up 63.22 points or 0.16% at 38,426.69. The Nifty 50 index was up 2 points or 0.02% at 11,534.40.
Sensex up 95 points at 38,456, Nifty above 11,500 mark
Equity indices fluctuated wildly in the morning session on Wednesday with realty index gaining about 2 per cent.However, banking, auto, media, and financial services traded in the red.At 11:15 am, the BSE S & P Sensex was up 95 points at 38,456 while the NSE Nifty 50 was up 9 points at 11,541.Shares of Jet Airways dropped over 4 per cent after the crisis at the company deepened on Tuesday. A worried government called for an emergency meeting, pilots threatened to go on strike over unpaid salaries and angry passengers demanded refunds for flight cancellations.Among the gainers on National Stock Exchange were Indiabulls Housing Finance, Godrej Properties, Infosys, Wipro and Hindalco. But Indian Oil, Hindustan Petroleum and Bharat Petroleum traded lower.The most active stocks were Jubilant, Infosys, Axis Bank and Reliance Industries.Meanwhile, Asian shares slipped as investors took profits ahead of a policy decision by the US Federal Reserve which will reflect on interest rate ...
'Rating IDBI Bank as private is against public interest'
The All India Bank Employees' Association (AIBEA) has demanded the Reserve Bank of India (RBI) to reconsider its decision to categorise IDBI Bank as a private entity.
Intellect Design Arena launches Intellect Wealth Qube - 2020
Wealth Qube 2020, is an enterprise grade wealth management solution has taken the RM-first design approach. Intellect recognizes that in a highly emotive business such as wealth, relationship managers are integral to the growth of the business and the industry. The word Qube was chosen to reflect the solidity and completeness of a cube. Each side of the cube represents 1 of the 6 offices of the Wealth Qube 2020 offering. The six offices that form part of Wealth Qube 2020 are Relationship manager office; Customer personal office; Operations office; Risk and compliance office; Fund managers office and Trust Office. Please