Page 809 - Business Finance
Bharat Forge Ltd extends gains
Bharat Forge Ltd is quoting at Rs 512.4, up 3.61% on the day as on 12:44 IST on the NSE. The stock is down 33.67% in last one year as compared to a 2.9% jump in NIFTY and a 24.79% jump in the Nifty Auto.
RBL Bank Ltd up for five straight sessions
RBL Bank Ltd is quoting at Rs 576.3, up 0.35% on the day as on 12:44 IST on the NSE. The stock is up 17.54% in last one year as compared to a 2.9% gain in NIFTY and a 6.48% gain in the Nifty Bank.
IRCTC Rail Connect, Chhattisgarh's 'Khanij online' among National e-Governance Award winners
Railway's ticket booking mobile application and the Chhattisgarh government's 'Khanij online' are among 14 such IT projects that have been chosen for this year's National e-Governance Awards, officials said Tuesday. The IRCTC (Indian Railway Catering and Tourism Corporation) Rail Connect mobile application was launched in January 2017 to facilitate booking of train tickets in a faster and easier way and it was later re-designed to enhance its overall booking capacity, according to the citation of the award. It provides a platform to citizens for easy and quick booking of tickets, along with the option to use new payment modes like BHIM (Bharat Interface For Money), it said. The Railways collected a revenue of over Rs 5,800 crore in 2018-19 (till December) through the App. The application has been chosen for the special jury award for excellence in government process re-engineering for digital transformation. The National e-Governance Awards will be presented by Minister of State for ..
Strike called by mining dependents evokes mixed response in Goa
The one-day 'bandh' called by the Goa Mining People's Front on Tuesday to protest against non-resumption of the mining industry evoked a mixed response in the coastal state.
Apple allows app developers to bribe old subscribers with promotional offers
In a bid to gather more customers and win back old ones, Apple is now allowing iOS, macOS and tvOS app developers to offer discounted subscriptions to past subscribers.
American businesses in China see gloomy year ahead
US companies in China forecast a gloomy year ahead, with many worrying about a deterioration in bilateral trade ties and nearly a quarter delaying investments, a business survey showed Tuesday. The survey of 314 US businesses by the American Chamber of Commerce in China provided a full accounting of challenges American business face after Beijing and Washington exchanged tit-for-tat tariffs on more than $300 billion in two-way trade. The report was released two days after US President Donald Trump said he would delay a planned further hike in tariffs on Chinese goods this week after he and Beijing both hailed "substantial progress" in trade negotiations. "Certainly our members are hopeful that the uncertainty and the loss and the delays in business that have resulted from the trade negotiations and trade frictions will turn out to have been worthwhile in the end," said Tim Stratford, chairman of the chamber. "If not then it would be a tremendous waste," he told reporters. The survey ..
Weak market breadth
Indian equity benchmarks hovered in negative zone in early afternoon trade. At 12:18 IST, the barometer index, the S&P BSE Sensex, was down 257.30 points or 0.71% at 35,956.08. The Nifty 50 index was down 61.85 points or 0.57% at 10,818.25. Metal and mining stocks declined. Negative Asian stocks weighed on the sentiment.
600 Corporates now use Pine Labs' Rewards & Gifting Solution, Pine Perks
/ -- Pine Perks, the customizable rewards and gifting solution from Pine Labs is now used by over 600 corporate organizations across banking, insurance, manufacturing, pharmaceutical, auto ancillary, FMCG, telecom and other industries. (Logo: https://mma.prnewswire.com/media/812226/Pine_Labs_Logo.jpg ) Rakesh Sharma, head of Prepaid, Gifting & Petroleum business at Pine Labs said, "We launched Pine Perks as an online gift voucher four years ago. Today it has evolved into a highly customizable reward and gifting solution for our corporate clients which they can use online, via an app and a physical prepaid card. The secure Pine Perks gift cards are accepted across 19000 online and offline stores and we are adding more stores to our network every week." The Pine Perks digital or physical gift cards and vouchers support offers from 100 leading brands. Pine Perks gift card holders can purchase products and services from these brands using three different instruments - the gift card, .
E-Land Apparel Ltd leads gainers in 'B' group
Pearl Polymers Ltd, Chemfab Alkalis Ltd, Neuland Laboratories Ltd and Times Guaranty Ltd are among the other gainers in the BSE's 'B' group today, 26 February 2019.
Va Tech Wabag gets revision in credit ratings from ICRA
Long term fund based facilities - ICRA A+; Negative (Revised from ICRA AA-; Negative)
ZestMoney paves way for 200,000 merchants to offer EMI to their customers
ZestMoney, India's largest and fastest growing consumer lending Technology Company today announced its partnership with Razorpay, Billdesk and Cashfree, the leading payment gateways of the country. This partnership with payment gateways allows more than 2 lakh merchants across sectors like e-commerce, retail, education, hospitality and more to enable EMI option for their customers. Merchants who have enabled this option have seen an increase in their overall conversions. ZestMoney is the only cardless EMI option accepted on almost every payment gateway in the country. The company recently raised Series A round from Xiaomi, PayU, Ribbit Capital and Omidyar Network and continues to partner with leading merchants across the online and offline spectrum.By integrating ZestMoney tech platform, merchants can allow their customers to complete purchases without having to make the payment in full or at once. The customers can spread their cost over the next few months through easy EMIs. ...
Lot of headway being made in IL&FS matter, says corp affairs secy
The first phase of resolution for problems faced by IL&FS group is expected to be completed in the next few months, as a lot of headway is being made in addressing the issues, a senior official said Tuesday. On Monday, the National Company Appellate Tribunal (NCLAT) said that no bank or financial institution can declare the accounts of debt-ridden IL&FS and group companies as non-performing assets without its permission. "I think a lot of headway is being made and... in next few months the first phase of resolution should be completed," Corporate Affairs Secretary Injeti Srinivas said. He was responding to a query about the progress being made with respect to IL&FS case. Speaking on the sidelines of an event organised by industry body CII, he emphasised that pro-active steps have been taken regarding the IL&FS matter.
Swan Energy Ltd leads gainers in 'A' group
KRBL Ltd, Intellect Design Arena Ltd, Max India Ltd and Thermax Ltd are among the other gainers in the BSE's 'A' group today, 26 February 2019.
Services restored on Noida-Greater Noida Metro
Metro services on the Noida-Greater Noida route resumed Tuesday morning after they were hit by power issues on Monday night, the Noida Metro Rail Corporation (NMRC) said. There was a breakdown on the Aqua Line around 9 pm on Monday due to electricity failure in overhead equipment between Sector 144 and Pari Chowk Metro station, resulting in a halt in services, a senior official said. "The problem was solved around 11.30 pm and normal services resumed this morning," NMRC Executive Director P D Upadhyay said. A team of officials of the NMRC and the Delhi Metro Rail Corporation (DMRC) were at the spot to resolve the issue, Upadhyay said. Built for Rs 5,503 crore, the Aqua Line that connects Noida and Greater, covering 29.7 km via 21 stations between the twin-cities in Gautam Buddh Nagar, was inaugurated on January 25 amid much fanfare. On normal weekdays, the Metro service begins at 6 am and continues till 10 pm.
Realty stocks slide
Stocks cut losses in mid-morning trade after an intrday slide. At 11:27 IST, the barometer index, the S&P BSE Sensex, was down 280.05 points or 0.77% at 35,933.33. The Nifty 50 index was down 73.40 points or 0.67% at 10,806.70. Realty stocks declined.
Zinc futures rise 0.31% on spot demand
Zinc futures Tuesday edged 0.31 per cent higher to Rs 194.30 per kg as speculators created positions, triggered by a firm trend in the domestic spot markets on industrial demand. At the Multi commodity Exchange, zinc for delivery in current month move dup by 60 paise, of 0.31 per cent, to Rs 194.30 per kg in a business turnover of 1,252 lots. Marketmen said building up of fresh positions by participants following improved demand in the domestic spot market, influenced zinc prices in futures trade.
DHFL tumbles after ICRA downgrade
Dewan Housing Finance Corporation fell 5.08% to Rs 129.75 at 11:18 IST on BSE after ratings agency ICRA revised the short-term rating outstanding for the Rs 8,000-crore commercial paper programme of the company.
Rise in demand lifts nickel futures by 0.23%
Nickel prices were up by 0.23 per cent to Rs 916.10 per kg in futures market Tuesday as speculators raised bets, driven by pick up in demand from consuming industries in the spot market. At the Multi Commodity Exchange, nickel for delivery in February rose Rs 2.10, or 0.23 per cent, to Rs 916.10 per kg in business turnover of 2,178 lots. Market analysts attributed the rise in nickel futures to fresh positions built up by participants due to upsurge in demand from alloy-makers in the physical market.
Volumes jump at Colgate-Palmolive (India) Ltd counter
Colgate-Palmolive (India) Ltd saw volume of 4.17 lakh shares by 10:48 IST on BSE, a 24.23 fold spurt over two-week average daily volume of 17198 shares
Antel and Tata Communications partner to offer cloud based mobile and IoT services
Antel and Tata Communications will offer cloud-based mobile and IoT services using a business model that minimises total cost of ownership and time-to-market through a unique commercial risk sharing approach. The new mobility partnership combines Antel's world-class data centre and Latin American market knowledge with the Tata Communications MOVE platform global network reach to enable businesses to quickly deploy new mobile and IoT services across the region.