Page 713 - Business Finance
IDBI Bank classified as Private Sector Bank
With effect from 21 January 2019
Board of IB Infotech Enterprises approves change in company secretary
At meeting held on 15 March 2019
Gold futures up Rs 88 on positive global cues
Gold prices rose by Rs 88 to Rs 31,896 per 10 gram in futures trade Friday as speculators widened their bets tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in April was trading higher by Rs 88, or 0.28 per cent, to Rs 31,896 per 10 gram, in a business turnover of 9,063 lots. Similarly, the rate for June was up by Rs 87, or 0.27 per cent, to Rs 32,135 per 10 gram with a business volume of 10,627 lots. Analysts said raising of bets by participants, taking positive cues from global market as weakness in dollar raised demand for the precious metal, mainly pushed up gold prices at futures trade here. Globally, gold rose 0.65 per cent to trade at USD 1,301.79 an ounce in Singapore.
India sets "aspirational" target for engineering exports at USD 200 bn by 2025
India can achieve a three-fold "aspirational" increase in its engineering exports to reach USD 200 billion by 2025, if concerted efforts are made by the government and industry to develop a conducive ecosystem, and ensuring inputs at competitive prices, according to an EEPC India-Deloitte strategy paper. Commerce Secretary Anup Wadhawan said the Department of Commerce and EEPC would "quickly examine the road-map suggested by the strategy paper and make all possible efforts to achieve the identified potential". He was addressing exporters at the IESS here. "On the basis of discussions with Ministry of Commerce, government of India, and leadership of EEPC India, the aspirational target of Indian engineering exports is set as USD 200 billion by 2025, which is almost a threefold increase from 2017-18 exports," the paper released at the International Engineering Sourcing Show (IESS) suggested. Wadhawan said the EEPC India-Deloitte study highlights the opportunities to unleash the country's
REC Ltd soars 1.49%, Gains for third straight session
REC Ltd is quoting at Rs 139.7, up 1.49% on the day as on 12:49 IST on the NSE. The stock is up 8.72% in last one year as compared to a 12.11% gain in NIFTY and a 19.17% gain in the Nifty Financial Services index.
Bank of Baroda up for third straight session
Bank of Baroda is quoting at Rs 118.6, up 1.76% on the day as on 12:49 IST on the NSE. The stock is down 17.52% in last one year as compared to a 12.11% jump in NIFTY and a 19.8% jump in the Nifty Bank index.
IDFC First Bank Ltd gains for third straight session
IDFC First Bank Ltd is quoting at Rs 52.1, up 2.96% on the day as on 12:49 IST on the NSE. The stock is up 3.78% in last one year as compared to a 12.11% jump in NIFTY and a 19.8% jump in the Nifty Bank index.
Edelweiss Financial Services Ltd soars 1.91%, up for fifth straight session
Edelweiss Financial Services Ltd is quoting at Rs 191.6, up 1.91% on the day as on 12:44 IST on the NSE. The stock is down 27.77% in last one year as compared to a 12.13% spurt in NIFTY and a 19.19% spurt in the Nifty Financial Services.
IT stocks gain
Stocks held firm in early afternoon trade on sustained buying demand in index pivotals. At 12:28 IST, the barometer index, the S&P BSE Sensex, was up 270.23 points or 0.72% at 38,025.12. The Nifty 50 index was up 84.10 points or 0.74% at 11,427.35. IT stocks rose.
Manugraph India Ltd leads gainers in 'B' group
Almondz Global Securities Ltd, Aries Agro Ltd, Steel Exchange India Ltd and Sree Rayalaseema Hi-Strength Hypo Ltd are among the other gainers in the BSE's 'B' group today, 15 March 2019.
A2Z Infra hits the roof after one-time debt settlement
A2Z Infra Engineering hit an upper circuit limit of 5% at Rs 18.05 at 11:48 IST on BSE after the company said it signed full cash one time debt settlement agreement with Edelweiss Asset Reconstruction Company.
IDFC Ltd leads gainers in 'A' group
IIFL Holdings Ltd, Tube Investments of India Ltd, Hindustan Construction Company Ltd and CG Power & Industrial Solutions Ltd are among the other gainers in the BSE's 'A' group today, 15 March 2019.
India to seek better deal for exporters under FTAs: Commerce Secy
India is in discussions with its key trading partners to expand preferential duties under free trade agreements (FTAs) even as the government is streamlining procedures for exporters to avail benefits from such trade pacts, Commerce Secretary Anup Wadhawan has said. "Since we have a large exporter community here, I wish to draw attention... to the under-utilisation of our FTAs. Data shows that Indian exporters have not made very good use of FTA and preferential benefits that India has negotiated with partner countries," Wadhawan said addressing exporters at International Engineering Sourcing Show. The government is in the process of further streamlining procedures for exporters to avail benefits offered under trading opening pacts, he said, while urging exporters to use the tariff preferences provided by FTAs to enhance their market presence globally. India has already concluded FTAs, also known as comprehensive economic partnership agreements or preferential trade agreements or ...
Bajaj Holdings & Investment announces change in directorate
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Board of Titan Company approves change in directorate
With effect from 14 March 2019
Glenmark Pharma gains after USFDA approval
Glenmark Pharmaceuticals rose 2.32% to Rs 645 at 11:09 IST on BSE after the company said it received abbreviated new drug application approval for clindamycin and benzoyl peroxide gel.
BSNL Finance Director replaced amid financial crisis
Amidst the acute financial crisis at BSNL, the Department of Telecom (DoT) has handed over the responsibility of the Finance Director at the cash-strapped PSU to current Director Mobile as well as fixed line, Vivek Banzal divesting the charge from Sujata Ray.
A2Z Infra Engineering reduces its debt obligation by Rs 177.69 crore
As per the company's books and accounts, outstanding of Edelweiss as on 31 March, 2018 was Rs 177.69 crore (including interest) and the same is settled for a total settlement consideration of Rs 41 crore.
Volumes spurt at UPL Ltd counter
UPL Ltd registered volume of 26.11 lakh shares by 10:48 IST on BSE, a 31.04 fold spurt over two-week average daily volume of 84105 shares