Page 719 - Business Finance
Indian Media and Entertainment Sector Reaches Rs1.67 Trillion In 2018, Up 13.4%
The Indian Media and Entertainment (M&E) sector reached INR1.67 trillion (US$23.9 billion) in 2018, a growth of 13.4% over 2017, states the FICCI-EY report, 'A billion screens of opportunity,' launched at the FICCI FRAMES 2019 in Mumbai. With its current trajectory, the M&E sector in India is expected to cross INR2.35 trillion (US$33.6 billion) by 2021, at a CAGR of 11.6%. While television retained its position as the largest segment, growth is expected to come from digital which will overtake filmed entertainment in 2019 and print by 2021. The report captures key insights from the exciting and fast-growing Indian M&E sector.
TCS to develop scalable cross-industry blockchain platform solutions
Tata Consultancy Services (TCS) said on Thursday it is developing solutions to drive scaled adoption of blockchain across industries, using technologies from Microsoft and R3, a leading enterprise blockchain software firm.As enterprises are gearing up to go beyond experimentation and exploration with blockchain technology, TCS sees the need for horizontal cross-industry platforms on which scalable solutions can be rapidly developed.The company thus plans to scale up hybrid cloud infrastructure with new capabilities and a micro-services architecture which will enable enterprise customers to digitally transform their business while uncovering new business value."The platforms will sit on the Microsoft Azure blockchain cloud while harnessing the full potential of R3's Corda Enterprise blockchain platform, allowing TCS to quickly develop and deliver application layer solutions," it said.TCS has already identified and is developing five blockchain platforms that include, digital identity, .
Copper futures shed 2.35% on weak global cues, muted demand
Copper prices fell 2.35 per cent in futures trade Thursday as speculators booked profits at prevailing high levels amid low demand at spot markets and weak global cues. At Multi Commodity Exchange, copper for April declined by Rs 2.35, or 0.52 per cent, to Rs 450.45 per kg in a business turnover of 1,203 lots. Analysts attributed the fall to off-loading of positions by speculators at prevailing higher levels amid muted demand at the spot markets and a weak trend in global markets.
Goa mining dependents protest, slam government
Over 2,000 people who depend on mining in Goa on Thursday staged a protest march near Panaji, accusing the government of not taking up the issue of resuming work at the mines seriously.
IndusInd Bank Ltd gains for third consecutive session
IndusInd Bank Ltd is quoting at Rs 1676.5, up 2.45% on the day as on 12:49 IST on the NSE. The stock is down 3.75% in last one year as compared to a 9.42% spurt in NIFTY and a 16.53% spurt in the Nifty Bank index.
Housing Development Finance Corporation Ltd up for fifth straight session
Housing Development Finance Corporation Ltd is quoting at Rs 1955, up 0.22% on the day as on 12:44 IST on the NSE. The stock is up 6.83% in last one year as compared to a 9.43% jump in NIFTY and a 15.91% jump in the Nifty Financial Services.
Gold futures weaken to Rs 32,112 per 10 gm
Gold prices fell by Rs 95 to Rs 32,112 per 10 gram in futures trade Thursday as speculators reduced exposure despite a firm trend in the precious metal overseas. At the Multi Commodity Exchange, gold for delivery in April contracts traded lower by Rs 95, or 0.29 per cent, to Rs 32,112 per 10 gram in a business turnover of 9,198 lots. The gold for delivery in far-month June, too, fell by Rs 116, or 0.36 per cent, to Rs 32,358 per 10 gram in 10,531 lots. Marketmen said the fall in gold prices at futures trade was mostly due to trimming of positions by participants. Globally, the gold was trading a shade higher by 0.35 per cent at USD 1,302.89 an ounce in Singapore.
February WPI inflation moves up to 2.93 pc
The annual rate of inflation based on Wholesale Price Index increased to 2.93 per cent in February as compared to 2.76 per cent in the corresponding month of previous year, the government said on Thursday.It largely moved up due to a jump in prices of food and fuel products, after falling to a 10-month low of 2.76 per cent in January.The rate of inflation based on WPI food index consisting of food articles from primary articles group and food product from manufactured products group increased from 1.84 per cent in January 2019 to 3.29 per cent in February 2019, said a statement issued by the Ministry of Commerce and Industry.On Tuesday, the government said that annual retail inflation moved up in February to 2.57 per cent from 1.97 per cent in January. It was 4.44 per cent in February 2018.The consumer price index for urban areas was 3.43 per cent compared to 4.52 per cent in February 2018. For rural areas, the CPI was 1.81 per cent for rural areas in February 2019 compared to 4.45 ...
Realty stocks gain
A divergent trend was witnessed in early afternoon trade as the barometer index, the S&P BSE Sensex, was trading with small gains while the Nifty 50 index was trading with small losses. At 12:28 IST, the barometer index, the S&P BSE Sensex, was up 6.56 points or 0.02% at 37,758.73. The Nifty 50 index was down 10.05 points or 0.09% at 11,331.65. Realty stocks rose.
India's February WPI rises to 2.93%
India's annual rate of inflation based on wholesale prices rose to 2.93 per cent in February from 2.74 per cent reported for the corresponding month of 2018, official data showed on Thursday.
Rane Engine Valve Ltd leads gainers in 'B' group
Morarjee Textiles Ltd, Kirloskar Electric Company Ltd, RPP Infra Projects Ltd and Deep Industries Ltd are among the other gainers in the BSE's 'B' group today, 14 March 2019.
WPI inflation rises to 2.93 pc in Feb
Inflation based on wholesale prices rose to 2.93 per cent in February over the previous month due to hardening of prices of primary articles, fuel and power, according to government data released Thursday. The Wholesale Price Index (WPI) based inflation stood at 2.76 per cent in January, 2019. WPI inflation stood at 2.74 per cent during February 2018. Inflation of primary articles, which includes kitchen essentials like potato, onion, fruits, and milk increased to 4.84 per cent during the month, as against 3.54 in January, the data revealed. The WPI data further revealed that wholesale-based price inflation for 'fuel and power' segment increased to 2.23 per cent in February as against 1.85 per cent in January 2019. The Reserve Bank, which mainly factors in retail inflation based Consumer Price Index (CPI), had cut the key lending rate by 0.25 per cent in February.
Redington India Ltd leads gainers in 'A' group
DCM Shriram Ltd, Westlife Development Ltd, JM Financial Ltd and EIH Ltd are among the other gainers in the BSE's 'A' group today, 14 March 2019.
NIIT to provide strategic sourcing, vendor management services to Signify
Skills and talent development company NIIT Ltd Thursday said the company will provide strategic sourcing and vendor management services to Signify (formally Philips Lighting). NIIT has entered into a managed learning services contract with Signify in this regard. "Under this agreement, NIIT will be responsible for managed learning services which includes strategic sourcing of learning suppliers, contracting, quality control, performance management, and payment of vendors," the company said but did not reveal the size of the contract. The service will involve a phased roll-out, NIIT Ltd said in a statement. "We are excited to secure the contract with Signify as their strategic learning delivery partner and we look forward to the phased roll-out, starting with the Benelux region, said Sailesh Lalla, Executive Vice President, Business Development at NIIT's Corporate Learning Group. Signify with expertise in the development, manufacture and sale of energy-efficient lighting products and ..
Flexi loans for CAs: The smart way to manage your firm's cash flow
Working capital is a basic necessity for every business, regardless of whether your practice is big or small. Whether you have limited liquid assets and find that your firm is in need of a quick financial boost or you want to capitalise on tax filing season and expand your practice, you can rely on the Bajaj Finserv Flexi loan for CAs to restore your cash flow to optimal levels and help add to your revenue too.Bajaj Finserv Flexi loan for CAs provides solutions to all your financing needs. It requires no collaterals or guarantors and promises a 24-hour disbursal prior to approval of your application. With loans up to Rs 35 lakh, CAs can use this loan to meet working capital needs, fund their firm's growth and expansion, meet unanticipated cash requirements, etc.Take a look at how Flexi loans, designed specifically for chartered accountants, helps your working capital in several situations.Grow your practice without letting your present operations sufferIf you are planning to diversify
Market trims gains
Key indices hovered in positive zone in mid-morning trade. At 11:19 IST, the barometer index, the S&P BSE Sensex, was up 35.18 points or 0.09% at 37,787.35. The Nifty 50 index was up 2.60 points or 0.02% at 11,344.30. Telecom stocks saw mixed trend.
Bajaj Consumer gains on engaging Bain & Company as consultant
Bajaj Consumer Care rose 1.10% to Rs 332.05 at 11:39 IST on BSE after the company said it has appointed Bain & Company as management consultant to formulate front end strategy for growth.
Lupin in focus after getting OAI letter from USFDA for MP plant
Lupin has received a letter from the US Food and Drug Administration (USFDA) classifying the inspection conducted at the company's Mandideep (Unit 1) facility in December 2018 as 'Official Action Indicated' (OAI). The USFDA has stated that this facility may be subject to regulatory or administrative action and that it may withhold approval of any pending applications or supplements in which this facility is listed.
DCM Shriram rises after unit commissions 30 MW power plant
DCM Shriram rose 3.31% to Rs 463.65 at 11:07 IST on BSE after the company announced commissioning 30 megawatts power plant at DSCL Sugar Hariawan unit in Uttar Pradesh.
Tyremarket.com Becomes India's No. 1 Online Tyre Portal
/ -- Tyremarket.com is the fastest-growing player in the online tyre space with a network of more than 3,000 sellers, spread across 60 cities Tyremarket.com, the Bengaluru-based company, has become the leading tyre selling portal in India. The portal, which has witnessed an exponential growth in the last one year, now tops the Amazon Alexa website ranking charts in the tyre vertical. Amazon Alexa, an independent ranking agency, ranks websites based on the number of visitors and pageviews. (Logo: https://mma.prnewswire.com/media/834986/Tyremarket_Logo.jpg) (Photo: https://mma.prnewswire.com/media/834987/Sanjeev_Agrawal_Tyremarket.jpg) The feat of the portal's establishment as the market leader in online tyre retailing is the result of its strategic approach, which focuses on understanding a customer's tyre buying concerns. Tyremarket.com has been very successful in suggesting to tyre buyers what tyre should they buy, based on factors such as their driving behaviour, budget, terrain ...