Page 714 - Business Finance
Mahindra & Mahindra Financial Services to allot NCDs aggregating Rs 13 cr
Powered by Capital Market - Live News
Poly Medicure acquires balance 18% stake in Plan1 Health s.r.l.
With this, Plan 1 Health now becomes the wholly owned subsidiary of Poly Medicure B.V. and in turn an indirect wholly owned subsidiary of Poly Medicure.
CMI spurts after getting vendor approval from Govt entities
CMI rose 7.94% to Rs 160.50 at 10:16 IST on BSE after the company said that it received vendor approval for power cables from four government entities in Q3 December 2018.
Mixed finish for US stocks
Boeing shares continue to drop
Chinese Parliament approves foreign investment law to ease global concerns
China's rubber-stamp Parliament on Friday approved a landmark foreign investment law to ease global concerns about its business environment, as the world's second largest economy tries to end a bruising trade war with the US. China's parliament, the National People's Congress (NPC), concluded its 10-day annual session on Friday by adopting the law. Chinese President Xi Jinping and other leaders attended the closing meeting of the annual session at the Great Hall of the People in Beijing. Delegates at the NPC passed the foreign investment law with 2,929 in favour, eight against and eight abstentions.The law will come into effect on 1 January 2020. The new law aims to create a more level playing field between domestic and foreign businesses. But some argue it does not fully address the concerns foreign firms have about doing business in China. The world's two largest economies are locked in a trade war since Trump imposed heavy tariffs on imported steel and aluminium items from China in
Sterlite Technologies Ltd Slides 3.27%
Sterlite Technologies Ltd has added 16.77% over last one month compared to 8.46% gain in S&P BSE Telecom index and 5.43% rise in the SENSEX
Market drifts higher in early trade
Domestic stocks nudged higher in early trade on positive Asian stocks. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 204.95 points or 0.54% at 37,959.84. The Nifty 50 index was up 64.45 points or 0.57% at 11,407.70.
Brookfield sponsored India Infrastructure Trust to acquire East-West Pipeline for Rs. 13,000 cr
Pursuant to this acquisition by Brookfield, the existing pipeline usage agreement has been reworked as follows:
Board of Gujarat Borosil appoints directors
With effect from 01 April 2019
IDBI Bank rises after re-categorization as a private sector bank
IDBI Bank rose 0.93% to Rs 43.50 at 9:30 IST on BSE after the Reserve Bank of India categorized IDBI Bank as a private sector bank.
State Bank of India Spurts 0.93%
State Bank of India has added 9.54% over last one month compared to 9.02% gain in S&P BSE BANKEX index and 5.26% rise in the SENSEX
Rupee appreciates 20 paise to 69.14 vs USD in early trade
The rupee appreciated by 20 paise to 69.14 against the US dollar in opening trade Friday, driven by sustained foreign fund inflows and higher opening of domestic equities. The rupee opened at 69.28 at the interbank forex market, then gained further ground and touched 69.14, displaying gains of 20 paise over its last close. The rupee on Thursday had strengthened by 20 paise to close at 69.34 against the US dollar. Forex dealers said, selling of the American currency by exporters and positive opening in domestic equities supported the rupee. Fresh foreign fund inflows also supported the rupee, they added. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,482.99 crore on a net basis Thursday, as per provisional data. Brent crude futures, the global oil benchmark, slipped 0.01 per cent to USD 67.22 per barrel. Meanwhile, the benchmark BSE Sensex was trading higher by 148.89 points, or 0.39 per cent, at 37,903.78; while the NSE Nifty was ...
Tesla unveiling Model Y SUV, expanding into popular segment
Tesla is unveiling its newest vehicle, the Model Y, an SUV that the automaker hopes will win over consumers looking for an all-electric alternative in the most popular segment of the auto market. CEO Elon Musk was to introduce the Model Y Thursday night at a gathering of customers, employees and media. The Model Y may be Tesla's most important product yet as it attempts to expand into the mainstream and generate enough cash to repay massive debts that threaten to topple the Palo Alto, California, company. Tesla got a huge boost toward ensuring its survival with the 2017 debut of its Model 3 sedan, but a sports utility vehicle could have even more mass appeal, given how popular SUVs have become in the US, Europe and Canada.
Tech Mahindra in spotlight after acquiring Japan's K-Vision
Tech Mahindra's arm acquired 100% stake in Japan's K-Vision for $1.5 million. The target is engaged in providing network services for mobile communication carriers in Japan. The announcement was made after market hours yesterday, 14 March 2019.
Stocks may open on positive note
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 20 points at the opening bell.
Chinese yuan falls against US dollar
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 158.00 basis points to 6.7167 against the US dollar on Friday, according to the China Foreign Exchange Trade System.
Japan's Nikkei opens higher on Brexit delay
Tokyo stocks opened higher on Friday as investors welcomed British parliament's overnight voting to delay the departure date to leave the European Union (EU).
AI combines Mumbai-NY flight with Mumbai-Newark flight from Mar 16
Air India Thursday announced that it is combining the Mumbai-New York flight with its Mumbai-Newark flight from March 16 to May 31 "due to operational reasons". As Pakistan has kept its airspace closed since the Balakot air strike by the Indian air force on February 26, Air India's expenditure on flights to Europe and the US has increased significantly. On Wednesday, Air India had announced it is suspending its flights on the Delhi-Madrid and Delhi-Birmingham routes from March 16 "till further notice" due to "operational reasons". In a tweet on Thursday, the national carrier said the combined flight AI144 will depart from Newark at 2.15 pm (local time), make a stop in New York, and then arrive at the mumbai airport next day at 2.10 pm (local time). The combined flight AI191 will depart from the Mumbai airport at 1.30 am (local time), make a stop in New York, and then arrive at Newark airport at 8.15am (local time), Air India said in its tweet. On Wednesday, the national carrier had ...
Brookfield to buy RIL E-W Pipeline for Rs 13,000 cr
Canadian investor Brookfield has acquired the loss-making East-West Pipeline Ltd from Mukesh Ambani's Reliance Industries Ltd (RIL) for Rs 13,000 crore.
More than 2000 mining dependents launch protest in Goa
Over 2000 people, who depend on mining, launched a protest march on Thursday accusing the state government of not being serious on the issue of resumption of work at the mines.The protesters, led by Puti Gaonkar, also submitted a memorandum to Chief Secretary Parimal Rai, requesting the government to take requisite measure on the issue."You are fully aware of the fact that due to the closure of the mines more than 31 lakh mining dependents are suffering since past one year," read the memorandum."The closure of mining industry in the state has had a devastating socio-economic effect on the livelihood of all mining dependent people and entities and is also impacting the economy of the state adversely," the memorandum read."Stopping of mining activities will gravely affect the state exchequer, as nearly 30 per cent of revenues from mining is provided to the state exchequer in the form of Goa Permanent Fund(GPF) (10 per cent of sale price), Royalty (15 per cent). District Mineral Fund ...