Page 726 - Business Finance
Market may open lower
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 26 points at the opening bell. Market will react industrial production and inflation data released by the government after market hours yesterday, 12 March 2019.
Mixed finish for US stocks
Boeing shares sink for second consecutive day
Japan Nikkei falls on profit taking
All 33 subsectors of the Tokyo Stock Exchange declined, with shares in Securities & Commodities Futures, Oil & Coal Products, Insurance, Marine Transportation, Other Financial Business, Nonferrous Metals, and Rubber Products issues being notable losers.
Australia Market falls for fourth session in row
A measure of Australian consumer confidence slumped to its lowest in over a year in March as households were shaken by a slowdown in economic growth and the prolonged downturn in the property market. The Melbourne Institute and Westpac Bank index of consumer sentiment fell 4.8% to 98.8 in March 2019, the weakest reading since September 2017 and unwinding a 4.3% jump in February. The index, compiled from a survey of 1,200 people, was down 4% from a year earlier at 98.8, meaning pessimists now outnumbered optimists.
RSWM gets revision in credit ratings
From India Ratings & Research
Board of Axis Bank approves change in Chairman
At meeting held on 12 March 2019
Bajaj Finance announces change in directorate
With effect from 01 April 2019
Sensex rises over 100 pts; Nifty above 11,300
The BSE benchmark Sensex rose over 100 points Wednesday led by gains in banking stocks amid continued buying by foreign investors. The 30-share index was trading 134.95 points, or 0.36 per cent, higher at 37,670.61, while the 50-share NSE Nifty climbed 22.10 points, or 0.20 per cent, to 11,323.30. In the previous session, the BSE gauge settled 481.56 points, or 1.30 per cent, higher at 37,535.66. The broader Nifty closed with gains of 133.15 points, or 1.19 per cent, at 11,301.20. Top gainers in early trade include HCL Tech, IndusInd Bank, HDFC Bank, HUL, Axis Bank, Bajaj Auto, RIL, SBI and Infosys, rising up to 2.58 per cent. While, ONGC, NTPC, Coal India, Vedanta and Bharti Airtel fell up to 2.17 per were trading in the red. Domestic equities extended their gains for the third session, driven by positive factors like sustained foreign fund inflows, stronger rupee and chances of the incumbent NDA government coming for a second term, experts said. On a net basis, foreign institutional
CMI gains after executing export order
CMI rose 2.27% to Rs 153 at 9:55 IST on BSE after the company said it executed its maiden export order from Mauritius for the supply of underground power cables.
Coal India Ltd Slips 1.55%
Coal India Ltd has added 9.23% over last one month compared to 10.52% gain in S&P BSE Metal index and 3.31% rise in the SENSEX
Markets turn negative within minutes of opening
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a slightly positive note during the morning session of the trade but soon turned negative.
Rupee rises by 8 paise to 69.63 vs USD in early trade
The rupee appreciated by 8 paise to 69.63 against the US dollar in opening trade Wednesday, driven by sustained foreign fund flows and higher opening in domestic equity market. The rupee opened at 69.71 at the interbank forex market then gained further ground and touched 69.63, displaying gains of 8 paise over its last close. The rupee Tuesday had strengthened by 18 paise to close at 69.71 against the US dollar. Forex dealers said, selling of the American currency by exporters and positive opening in domestic equities supported the rupee. Besides, fresh foreign fund inflows also aided the uptrend. However, rising crude prices restricted the upmove. Meanwhile, foreign investors (FIIs) remained net buyers in the capital markets, putting in Rs 2,477 crore on a net basis Tuesday, as per provisional data. Brent crude futures, the global oil benchmark, gained 0.27 per cent to USD 66.85 per barrel. Meanwhile, the benchmark BSE Sensex was trading higher by 78.22 points, or 0.21 per cent to ...
Axis Bank will be watched after naming Rakesh Makhija as non-executive chairman
Axis Bank said that its board approved the appointment of Rakesh Makhija, independent director as the non-executive (part-time) chairman of the bank, for three years, with effect from 18 July 2019 upto 17 July 2022, subject to the approval of the Reserve Bank of India and the shareholders of the bank. The existing term of Dr. Sanjiv Misra, non-executive (part-time) chairman of the bank will expire with effect from the close of business hours on 17 July 2019. The announcement was made after market hours yesterday, 12 March 2019.
DLF Ltd Surges 2.83%, S&P BSE Realty Index index Gains 1.27%
DLF Ltd has added 17.56% over last one month compared to 9.63% gain in S&P BSE Realty Index index and 3.14% rise in the SENSEX
Hatton National Bank, Sri Lanka selects Finacle Trade Connet to digitize trade finance business
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BAT tanks in Britain, as ITC flourishes back home
British American Tobacco or BAT which is ostensibly the parent of Indian heavy hitter ITC with 29.54 per cent share holding has suffered a massive meltdown in its parent market in recent times. While the stocks of standalone tobacco majors have seen a decline, BAT's year-on-year market cap erosion between December 2017 and December 2018 was down sharply from 115 billion pounds to 59 billion GBP, an erosion of 48.7 per cent.
Vice President urges IRS Officer Trainees to make ethics, excellence guiding principles
Vice President M Venkaiah Naidu on Tuesday advised IRS officer trainees to make ethics and excellence as their guiding principles and to make India a business friendly, entrepreneur-friendly tax regime and a people-centric tax administration.The Vice President was addressing the 173 Officer Trainees of the 72nd Batch of Indian Revenue Service, here on Tuesday.Addressing the gathering here, he said, "Reforms in governance, path-breaking legislative and administrative measures like GST are changing the way we govern ourselves.Quoting Prime Minister Narendra Modi's advice to all administrators on 'Reform, Perform and Transform' he said, "You have the aptitude and a unique opportunity to reform and transform our country with your performance."Emphasising on the efforts by the central government he said over the last four years, the Union Government's Budget expenditure has increased from around Rs 16 lakh crore to around Rs 28 lakh crore."Government's development efforts have been ably ...
Japan agrees to provide loan for Sri Lanka's light-rail line
Japan has agreed to provide a loan to build Sri Lanka's first light railway system aimed at easing traffic congestion in the capital city of Colombo, the island nation's finance ministry said Tuesday. The loan will be granted in six stages until 2024 for the USD 1.8 billion project that will begin this year, the ministry said. An agreement to release the first instalment of USD 260 million was signed Monday between the Japan International Cooperation Agency, which coordinates official development assistance, and Sri Lanka's finance ministry. The proposed rail line will have 16 stations and run for 16 kilometres on elevated viaducts to minimize land acquisition. The Japanese agency said the proposed railway system will connect Colombo's commercial hub with the administrative capital and "significantly reduce travel time in the most congested transport corridor in the country, and the only major corridor currently not supported by railway." The agency said the financing is being ...
Turkish Airlines halts flights using Boeing MAX planes
National carrier Turkish Airlines said Tuesday it was suspending flights using its fleet of 12 Boeing 737 MAX aircraft following the deadly Ethiopian Airlines crash at the weekend. "Until the uncertainty surrounding the safety of the 737 MAX is clarified, we are withdrawing these planes from commercial flights from March 13," airline boss Bilal Eksi said on Twitter.
Murdoch's News Corp calls for Google breakup
Rupert Murdoch's News Corp has called for Google to be broken up in Australia, the latest salvo in a battle between the corporate media giants. In a petition to Australian regulators, News Corp's local subsidiary complained that "Google enjoys overwhelming market power in both online search and ad tech services." Going a step further, the company accused Google of "abusing its dominant position to the detriment of consumers, advertisers and publishers." Earlier this week US presidential hopeful -- and former federal consumer watchdog -- Elizabeth Warren became the latest in a line of commentators to argue that firms such as Amazon, Google and Facebook hold " too much power" in society. News Corp echoed her argument that Google's businesses should be split, or failing that, search and advertising businesses should be firewalled off from each other. "While News Corp Australia recognises that divestment is a very serious step ... divestment is necessary in the case of Google, due to the .