Page 786 - Business Finance
United Breweries Ltd soars 1.84%, up for third straight session
United Breweries Ltd is quoting at Rs 1368.45, up 1.84% on the day as on 12:49 IST on the NSE. The stock is up 31.79% in last one year as compared to a 4.53% gain in NIFTY and a 12.29% gain in the Nifty FMCG index.
United Spirits Ltd spurts 2.1%
United Spirits Ltd is quoting at Rs 557.7, up 2.1% on the day as on 12:49 IST on the NSE. The stock is down 12.62% in last one year as compared to a 4.53% spurt in NIFTY and a 12.29% spurt in the Nifty FMCG index.
State Bank of India rises for third consecutive session
State Bank of India is quoting at Rs 273.15, up 1.52% on the day as on 12:49 IST on the NSE. The stock is up 3.66% in last one year as compared to a 4.53% spurt in NIFTY and a 8.66% spurt in the Nifty Bank index.
Tata Global Beverages Ltd spurts 0.8%, gains for five straight sessions
Tata Global Beverages Ltd is quoting at Rs 195.25, up 0.8% on the day as on 12:44 IST on the NSE. The stock is down 29.17% in last one year as compared to a 4.6% gain in NIFTY and a 12.4% gain in the Nifty FMCG.
Cabinet approves soft loan to sugar mills to facilitate payment of cane dues of the farmers
Government to bear the interest subvention cost of 7 - 10% to the extent of Rs 553 crore to Rs 1054 crore for one year
Cabinet approves India-Argentina MoU on cooperation in Medical Products Regulation
Approval facilitates better understanding of regulatory aspects between two sides and promote trade
NCL Industries updates on new readymade doors plant at Malkapur, Hyderabad
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Shares edge higher, Sensex up 152 points at 36,019 in morning hours
Benchmark indices opened higher on Friday following gains in other Asian markets and after Pakistan announced the release of an Indian Air Force pilot which raised hopes of de-escalation in India-Pakistan ties.However, market experts said the investors will continue to examine the tension between India and Pakistan. There is also uncertainty over the outcome of US-China trade talks which will impact the sentiment globally.At 11:15 am, the BSE S & P Sensex was up nearly 152 points at 36,019 while the NSE Nifty 50 climbed up 48 points to 10,840 level.Investors apparently shrugged off the latest economic data which showed the gross domestic product (GDP) grew 6.6 per cent in the October to December quarter at year-on-year basis after expanding 7 per cent in the previous three months.Adani Ports, Indiabulls Housing Finance, Vedanta, Yes Bank and Hero MotorCorp traded higher while Bharti Airtel plunged over 4 per cent at Rs 305.05. The other losers were Cipla, Dr Reddy Labs, Wipro and .
NCC Ltd bags 5 orders worth Rs 4,088 crore from state govt agencies
Infrastructure major NCC Limited on Friday announced getting five new orders worth Rs 4,088 crore last month.Of these, six orders totalling to Rs 738 crore pertain to building division and three orders totalling to Rs. 3,350 crore pertain to water division.These orders are received from state government agencies and do not include any internal orders, the company informed stock exchanges in a filing. It did not give further details.NCC Ltd, earlier known as Nagarjuna Construction Company Limited, reported a net profit of Rs 389.5 crore during first nine months (March to December) of the current fiscal year 2018-19 on a turnover of Rs 8,773 crore.It has various divisions: building and housing, roads, electrical, water and environment, irrigation, railways, international, power, metals and mining..
BJP interested only in giving speeches, writing blogs: Kapil Sibal on decline in GDP growth
Senior Congress leader Kapil Sibal on Friday hit out at the NDA-led central government stating that its leaders are more interested in giving speeches and writing blogs than working towards the development of the country.His statement came a day after the economic growth of India slowed to a low of 6.6 per cent in the October-December period of the current fiscal year 2018-19."It is a very, very shocking state of affairs that after an absolute majority that this government had, they had a free run on the economy, they could have brought in some radical changes, but they lost out these opportunities. The latest figure shows that the core sector growth is only 1.6 per cent. For the last six quarters, this has been the lowest rate of growth (6.6 per cent) in this quarter," Sibal told ANI here."As per the date given out, the GDP for this year will only be 7 per cent. This is very unfortunate because they had a great opportunity to turn things around. They lost that opportunity. All that ..
Ola Electric raises Rs 400 cr in funding round led by Tiger Global, Matrix India
Ride hailing major Ola Friday said its EV business - Ola Electric Mobility (OEM) - has raised Rs 400 crore in a funding round led by Tiger Global and Matrix India. "OEM, a company backed by Ola, has raised a sum of Rs 400 crore led by several of Ola's early investors, Tiger Global and Matrix India and others, as part of its first round of investment," a statement said. OEM was initially established to enable Ola's electric mobility pilot programme in Nagpur in 2017. Last year, Ola had announced its plan to bring one million electric vehicles on Indian roads by 2022. The entity has been now spun off with the injection of the fresh funds. The statement said Ola Electric is currently running several pilots to deploy electric vehicles and charging solutions, including battery swapping stations, electric 2-wheeler and 3-wheeler services amongst others. The company will be led by Anand Shah, and Ankit Jain who headed Ola's connected vehicle platform, it added. The statement said Ola ...
Cabinet approves foreign investment of Rs 5000-25000 crore by Vodafone Idea
Company has existing FDI approval for up to 100% Foreign Equity participation
Pioneer Embroideries Ltd leads gainers in 'B' group
Religare Enterprises Ltd, Vikas Ecotech Ltd, Eon Electric Ltd and Ashapura Minechem Ltd are among the other gainers in the BSE's 'B' group today, 01 March 2019.
US economy grows at fastest rate in 3 years
The US' gross domestic product (GDP) expanded by 2.9 per cent for all of 2018, its fastest rate in three years, although the economy showed further signs of deceleration in the fourth quarter, according to the Commerce Department.
Cabinet approves National Mineral Policy, 2019
Focus on transparency, better regulations & enforcement, balanced growth & sustainability
Nikkei India Manufacturing PMI rises to 14-month high
Increases in sales, output and employment accelerates
CG Power & Industrial Solutions Ltd leads gainers in 'A' group
Magma Fincorp Ltd, Steel Authority of India Ltd, IDFC Ltd and Century Plyboards (India) Ltd are among the other gainers in the BSE's 'A' group today, 01 March 2019.
Yes Bank MD & CEO takes charge
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ICICI-Videocon case: Raids at Kochhar, Dhoot homes
The Enforcement Directorate on Friday carried simultaneous raids at the residences of former ICICI Bank CEO Chanda Kochhar and Videocon Group promoter Venugopal Dhoot in connection with an ongoing probe into alleged irregularities and corrupt practices in sanctioning of Rs 1,875 crore loan by the bank to the corporate group.
Bharti AXA General wins 'Assocham Non-Life Insurer of The Year Award'
Bharti AXA General Insurance has been conferred with the 'Non-Life Insurer of The Year Award 2019 by the Assocham, one of the apex trade associations of India.