Page 796 - Business Finance
Jet Airways (India) slips after grounding seven more aircraft
Jet Airways (India) fell 3.07% to Rs 217.95 at 11:09 IST on BSE after the company said that seven more aircraft were grounded due to non-payment to lessors under their respective lease agreements.
Volumes jump at CARE Ratings Ltd counter
CARE Ratings Ltd witnessed volume of 1.47 lakh shares by 10:49 IST on BSE, a 134.86 times surge over two-week average daily volume of 1092 shares
AJL has to vacate Herald House: HC
The Delhi High Court on Thursday directed Associated Journals Ltd (AJL), publisher of National Herald newspaper, to vacate its Herald House premises here.
Silver futures rise 0.08% on firm trend overseas
Tracking a firm trend overseas, silver prices edged up 0.08 per cent to Rs 39,790 per kg in futures trade Thursday as speculators raised bets. At the Multi Commodity Exchange, silver to be delivered in March contracts were up by Rs 30, or 0.08 per cent at Rs 39,790 per kg in a business volume of 896 lots. On similar lines, the white metal for delivery in May contracts gained Rs 22, or 0.05 per cent to Rs 40,426 per kg in 746 lots. Analysts said expanding of positions by traders in step with a firm trend in global marekts attributed the rise in silver prices at futures trade. Globally, silver rose 0.10 per cent, to USD 15.82 an ounce in New York.
Nickel futures soften 0.22% on weak spot cues
Nickel prices declined by 0.22 per cent, to Rs 922.70 per kg in futures market Thursday as participants trimmed their bets, taking negative cues from the spot market on muted demand from alloy-makers. At the Multi Commodity Exchange, nickel to be delivered this month fell by Rs 2, or 0.22 per cent to Rs 922.70 per kg in a business turnover of 800 lots Marketmen said cutting down of positions by traders due to muted demand form alloy-makers in the physical markets attributed the slide in nickel prices at futures trade.
Gold futures decline Rs 27 on weak global cues
Amid a weakening global trend, gold futures traded lower by Rs 27 at Rs 33,259 per 10 grams Thursday as speculators scaled down their bets. Gold for delivery in far-month April eased by Rs 27, or 0.08 per cent, to Rs 33,259 per 10 grams in a business turnover of 797 lots at the Multi Commodity Exchange. Meanwhile, spot gold prices fell by 0.10 per cent to USD 1,319.10 an ounce in New York. Analysts said the fall in gold futures is mostly in line with a weak trend overseas amid profit-booking by speculators at current level.
Copper futures slip 0.39% on weak global sentiment
Copper prices drifted lower by 0.39 per cent to Rs 467.20 per kg in futures trading on Thursday after speculators cut down their holdings, taking weak cues from global markets and subdued demand at the domestic markets. At the Multi Commodity Exchange, copper for delivery in April was trading lower by Rs 1.85, or 0.39 per cent, to Rs 467.20 per kg in a business volume of 657 lots. Similarly, the metal for delivery in current month shed Rs 1.25, or 0.27 per cent, to trade at Rs 463.45 per kg in 977 lots. At the London Metal Exchange (LME), three-month copper fell 0.10 per cent to end at USD 6,490 per tonne on Wednesday as funds booked after prices.
Market trims gains
Stocks trimmed gains in morning trade after an initial upmove. At 10:26 IST, the barometer index, the S&P BSE Sensex, was up 86.63 points or 0.24% at 35,992.06. The Nifty 50 index was up 18.60 points or 0.17% at 10,825.25. The Sensex was trading a tad below the psychological 36,000 level after regaining that level in opening trade.
New CBDT boss asks I-T dept to maximise revenue collection, get more taxpayers
The Income Tax Department should pull up its socks to "maximise" revenue collection and enlarge the basket of tax-paying people in the country, the newly appointed chief of the CBDT said in his first communication to officials. P C Mody, the new chairman of the Central Board of Direct Taxes (CBDT), has asked the taxman to make special efforts in redressing the grievances and the issues faced by "small taxpayers", and work with greater transparency and accountability. The central government had earlier this month appointed Mody as the CBDT boss and he took charge of the policy-making body of the Income Tax Department on February 15. He succeeded Sushil Chandra who was appointed as an election commissioner. "Our immediate priority will be maximising revenue collection. We need to widen and deepen the tax base, ensuring simultaneously, the optimum utilisation of physical as well as human resources," Mody said in an official letter to the regional chiefs of the tax department across the ..
Tata Metaliks rises after board approves capacity expansion
Tata Metaliks rose 2.73% to Rs 605 at 10:37 IST on BSE after the company said its board reviewed and discussed the opportunities for growth through capacity expansion at its existing plant in Kharagpur and consequent funding options.
Akbar Travels Partners With Pune-based Travel Technology Startup Vervotech Solutions to Launch their New Hotel Platform
/ -- Akbar Travels, India's largest travel conglomerate, partners with Pune-based travel technology startup, Vervotech Solutions, to enhance its B2B, B2C and B2E hotel platform in markets across the globe. (Logo: https://mma.prnewswire.com/media/813572/Vervotech_Logo.jpg ) Earlier this year, Vervotech Solutions, a travel technology company based out of Pune, launched a new edge technology platform - NEXUS, a single API to connect to all suppliers. Akbar Travels has already moved all its online hotel businesses across all markets to NEXUS. "Akbar Travels has been planning for a CRS that gives access to hotel inventory from the property management systems to the distribution channels in real-time so that hotels are able to reach guests across channels as part of our distribution strategy. Partnership and team work with Vervotech allows us to reach new heights of excellence and perform extraordinarily in hotel aggregation," said Binu George, CTO at Benzy Infotech, The IT arm of Akbar ...
Sensex, Nifty open positive ahead of F&O expiry
The benchmark BSE Sensex opened on a positive note Thursday amid buying by domestic as well as foreign institutional investors ahead of February derivatives expiry. Investors, however, were cautious on concerns over the tension between India and Pakistan . The 30-share index was trading higher by 81.45 points, or 0.23 per cent, to 35,986.88. The gauge had lost 308 points in the previous two sessions. The NSE Nifty too was trading in the green, up 35.35 points, or 0.33 per cent, at 10,842. Major gainers that supported key indices were Coal India, Bharti Airtel, ONGC, Sun Pharma, PowerGrid, Asian Paint, RIL, Infosys, ICICI Bank, IndusInd Bank, SBI, Tata Motors, Yes Bank, HUL, HDFC Bank and Vedanta, rising up to 1.42 per cent. According to Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management, while attacks on the India Pakistan border and war-like situation continue to make headlines, Indian markets have been resilient. "Clearly, the market appears to be suggesting that ...
Japan Nikkei falls on weak offshore lead
Market participants took a back foot after Factory activity in China shrank for the third straight month in February, as output activities contracted more quickly than the previous month due to the weeklong Lunar New Year holiday. China's official manufacturing gauge fell to a three-year low, highlighting deepening cracks in an economy facing persistently weak demand at home and abroad.
Australia Market drifts higher in seesaw trade
Market participants took a back foot after Factory activity in China shrank for the third straight month in February, as output activities contracted more quickly than the previous month due to the weeklong Lunar New Year holiday. China's official manufacturing gauge fell to a three-year low, highlighting deepening cracks in an economy facing persistently weak demand at home and abroad.
Key Indian equity indices open in green
The key Indian equity market indices on Thursday opened higher, despite a muted trend in global markets, and in spite of tension between India and Pakistan escalating further a day earlier.
IndusInd Bank gets reaffirmation in credit ratings from CRISIL
Rs 1500 crore Infrastructure Bond Issue - CRISIL AA+/ Stable (Reaffirmed) Rs 1000 crore Tier I Bonds - CRISIL AA/ Stable (Reaffirmed) Rs 1000 crore Tier I Bonds - CRISIL AA/ Stable (Reaffirmed) Rs 40000 crore Certificate of Deposits - CRISIL A1+ (Reaffirmed) Short term fixed deposit programme - CRISIL A1+ (Reaffirmed)
Titan Company Ltd Slides 0.87%
Titan Company Ltd has added 4.38% over last one month compared to 1.02% gain in S&P BSE Consumer Durables index and 1.11% rise in the SENSEX
Bharti Airtel Ltd Surges 2.11%, S&P BSE Telecom index Gains 1.2%
Bharti Airtel Ltd has added 6.38% over last one month compared to 2.15% gain in S&P BSE Telecom index and 1.36% rise in the SENSEX
Sensex regains 36,000
Trading for the day began on positive note as the key benchmark indices drifted higher in early trade on buying demand in index pivotals. At 9:21 IST, the barometer index, the S&P BSE Sensex, was up 131.67 points or 0.37% at 36,037.10. The Nifty 50 index was up 42.15 points or 0.39% at 10,848.80. The Sensex regained the psychological 36,000 level in opening trade.
Quick Heal Technologies jumps on buyback plan
Quick Heal Technologies rose 5.47% to Rs 213.10 at 9:21 IST on BSE after the company said its board will meet on 5 March 2019, to consider a proposal for buyback fully paid up equity shares of the company.