Page 795 - Business Finance
Policybazaar.com introduces Cashless Assurance feature for its Motor Insurance customer
Policybazaar.com, India's largest insurance comparison portal, has launched an exclusive 'Cashless Assurance' feature for its customers to help them with "assured cashless settlements" at the time of claims. The new feature will allow Policybazaar.com customers to opt for cashless approvals on claims across all garages throughout India within a matter of few hours.Public sector insurers New India Assurance, the Oriental Insurance and private sector insurers IFFCO Tokio General Insurance and DHFL General Insurance have partnered with Policybazaar.com to offer customers easy access and cashless settlement options through the launch of this new feature.The cashless service, in the past, has been through select insurer network garages. Now with the launch of this feature on Policybazaar.com, policyholders can avail the service at any garage across the country without having to bear the pain of shelling money from their pocket and then filing for reimbursements of the same"As Market ...
Sensex turns negative; falls over 50 pts in cautious trade
Reversing its initial recovery, the benchmark BSE Sensex slipped into the negative terrain in afternoon trade Thursday amid concerns over the tension between India and Pakistan and weak Asian cues. After bouncing over 180 points in early trade, the Sensex was trading 56.04 points, or 0.16 per cent, down at 35,849.39. The gauge has lost 308 points in the previous two sessions. The 50-share Nifty also fell 16.80 points, or 0.16 per cent, to 10,789.85 after moving between 10,865.70 and 10,788.10 on alternate bouts of buying and selling. Investors adopted a cautious approach and kept their activity at a low ebb in the wake of tension between India and Pakistan, brokers said. Market is also awaiting GDP numbers and fiscal deficit data scheduled for release later in the day. Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net of Rs 423.04 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 66.81 crore Wednesday, provisional data ...
Hughes Communications India gets flight and maritime connectivity licence
Hughes Communications India (HCIL) Thursday said it has received Flight and Maritime Connectivity licence from the government, that authorises it to offer high-quality broadband services in ships and aircraft, within Indian territory. With this, HCIL becomes the first company to be granted the Flight and Maritime Connectivity (FMC) licence in India by the telecom department, after the government notified rules for in-flight, maritime mobile phone services in December last year. HCIL is a majority-owned subsidiary of broadband network and services provider Hughes Network Systems. "The first company to be granted the FMC licence in India, HCIL is now authorised to provide in-flight connectivity and high-quality broadband services to Indian and foreign airlines and shipping companies operating within Indian territory," HCIL said in a statement. The company has already set up a base mobility platform and is in talks to enhance the services in India, it added. The statement did not divulge
Indian Bank soars 1.31%, Gains for third straight session
Indian Bank is quoting at Rs 223.75, up 1.31% on the day as on 12:54 IST on the NSE. The stock is down 29.47% in last one year as compared to a 3.32% gain in NIFTY and a 8.71% gain in the Nifty PSU Bank index.
Coal India Ltd in demand
Coal India Ltd is quoting at Rs 224.25, up 1.26% on the day as on 12:54 IST on the NSE. The stock is down 28.33% in last one year as compared to a 3.32% gain in NIFTY and a 27.79% gain in the Nifty Metal index.
Divis Laboratories Ltd gains for fifth session
Divis Laboratories Ltd is quoting at Rs 1642.75, up 0.26% on the day as on 12:49 IST on the NSE. The stock is up 61.3% in last one year as compared to a 3.34% gain in NIFTY and a 0.19% gain in the Nifty Pharma.
MRF Ltd extends gains
MRF Ltd is quoting at Rs 57004.35, up 0.25% on the day as on 12:49 IST on the NSE. The stock is down 21.57% in last one year as compared to a 3.34% spurt in NIFTY and a 24.73% spurt in the Nifty Auto.
Bosch Ltd up for five straight sessions
Bosch Ltd is quoting at Rs 19197.1, up 2.02% on the day as on 12:49 IST on the NSE. The stock is up 2.62% in last one year as compared to a 3.34% gain in NIFTY and a 24.73% gain in the Nifty Auto.
PSU banks recover Rs 98,000 cr in first 3 quarters of FY19
Banking Secretary Rajeev Kumar on Thursday said the PSU banks have recovered Rs 98,000 crore in the first three quarters of the current financial year.
Positive market breadth
A divergent trend was witnessed 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 12:29 IST, the barometer index, the S&P BSE Sensex, was up 12.64 points or 0.04% at 35,918.07. The Nifty 50 index was down 4.75 points or 0.04% at 10,801.90. IT stocks saw mixed trend.
Board of Anjani Synthetics approves change in directorate
At meeting held on 28 February 2019
Ramco Systems implements logistic software for J.P. Enterprises Logistics Corp, Canada
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Zodiac Clothing Company Ltd leads gainers in 'B' group
Jubilant Industries Ltd, Shiva Mills Ltd, Vascon Engineers Ltd and Olectra Greentech Ltd are among the other gainers in the BSE's 'B' group today, 28 February 2019.
Konecranes and Demag to Operate Under New Name Konecranes and Demag Private Limited
/ -- Konecranes and Demag, two world leading brands in material handling industry will now be operating under one company name, Konecranes and Demag Private Limited. This name change follows acquisition of Material Handling & Port Solutions (MHPS) segment from Terex Corporation by Konecranes PLC in 2016. The acquisition led to some of the leading global brands such as Demag, Gottwald and Noell getting added to Konecranes product portfolio. This has enabled the company to consolidate its market leadership by providing a broader range of products, a greater focus on R&D and cover a greater number of markets worldwide. In India, Konecranes and Demag equipped with a combination of product prowess and state-of-the-art manufacturing facility are now geared to offer products which can be used across industries like General Engineering, Steel, Power, Automotive, Paper to name a few. The company's business of industrial cranes in India which covers brands Konecranes and Demag was ...
Gujarat Pipavav Port Ltd leads gainers in 'A' group
Linde India Ltd, Redington India Ltd, Sadbhav Engineering Ltd and Lakshmi Vilas Bank Ltd are among the other gainers in the BSE's 'A' group today, 28 February 2019.
Jet Airways shares plunge over 6 pc after co grounds 7 more planes
Shares of Jet Airways fell by over 6 per cent Thursday after the company said seven more aircraft have been grounded due to non-payment of lease rentals. Shares of the company dropped 6.15 per cent to Rs 211 on BSE. On NSE, the shares slumped 6.30 per cent to Rs 210.15. So far this month, as many as 13 planes of the company have been grounded on account of non-payment of rentals to lessors. In a filing to the stock exchanges Wednesday, the full-service airline said "an additional seven aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements". Faced with acute financial woes, the airline is looking to restructure its debt as well as raise funds. On February 23, the airline said two planes had been grounded. This followed an announcement made to stock exchanges on February 7 that it had grounded four of its aircraft on account of non-payment of lease rentals.
Sensex up 96 points at 36,002 in morning trading, Nifty at 10,830
Equity benchmark indices opened higher on Thursday but investors continued to closely monitor the rising tensions between India and Pakistan.Traders were also cautious over lingering uncertainty about the outcome of on-going US-China trade talks which can impact the sentiment globally.At 11:15 am, the BSE S & P Sensex was up nearly 96 points to 36,002 while the NSE Nifty inched up 24 points at 10,830 level.However, there was selling pressure in media, metal, realty and auto indices.ONGC, Tata Motors, Vedanta, Sun Pharma and Indian Oil traded higher while Hero Motorcorp, Indiabulls Housing Finance, Axis Bank, Mahindra and Mahindra, and Cipla were in the red.The most active stocks were Yes Bank, Axis Bank, Reliance Industries, Tata Consultancy Services and Maruti.Meanwhile, Asian markets were mixed as investors waited to see if the United States and China can strike a trade deal on tariffs.US Trade Representative Robert Lighthizer said on Wednesday it was too early to predict an ...
HGS recognized on IAOP's "The Best of The Global Outsourcing 100" List
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Delhi HC dismisses National Herald publisher AJL's plea against eviction order
The Delhi High Court Thursday dismissed National Herald publisher AJL's plea challenging a single judge order to vacate its premises at ITO here. A bench of Chief Justice Rajendra Menon and Justice V K Rao rejected the appeal of Associated Journals Ltd (AJL) in which it had challenged the Centre's decision asking it to vacate the ITO premises. "We have dismissed the appeal," the bench said. It also rejected the oral request of AJL's counsel that they be granted two week's time to vacate the premises. AJL had appealed against the single judge's December 21, 2018 order that directed it to vacate the premises at ITO within two weeks, after which eviction proceedings under the Public Premises (Eviction of Unauthorised Occupants) Act, 1971, would be initiated. The single judge had also said that by transfer of AJL's 99 per cent shares to Young India (YI), the beneficial interest of AJL's property worth Rs 413.40 crore stands "clandestinely" transferred to YI. In its order, the single judge
Metal and mining stocks gain
Key indices hovered in a small range in positive zone in mid-morning trade. At 11:29 IST, the barometer index, the S&P BSE Sensex, was up 86.68 points or 0.24% at 35,992.11. The Nifty 50 index was up 22.30 points or 0.21% at 10,828.95. Metal and mining stocks rose. The Sensex was trading a tad below the psychological 36,000 level after regaining that level in opening trade.