Page 817 - Business Finance
BSEL Infrastructure Realty Ltd leads gainers in 'B' group
Uttam Sugar Mills Ltd, Brooks Laboratories Ltd, Magnum Ventures Ltd and MSP Steel & Power Ltd are among the other gainers in the BSE's 'B' group today, 25 February 2019.
FICCI welcomes GST Council's decision to cut real estate GST rates
FICCI welcomes further reduction in GST rates as a big boost for the Indian real estate sector that will help propel the demand in housing
Bharat Electronics receives orders worth USD 33 mn from ELOP, Israel
As part of the Make in India initiative of the Government of India, BEL had already entered into Technical Collaboration Agreement (TCA) with ELOP for the Transfer of Technology for the manufacture of these EOIR payloads and for providing lifetime maintenance support at its manufacturing facility at Chennai.
Swan Energy Ltd leads gainers in 'A' group
Motherson Sumi Systems Ltd, Magma Fincorp Ltd, DCM Shriram Ltd and Sundaram Clayton Ltd are among the other gainers in the BSE's 'A' group today, 25 February 2019.
Adani Ports tumbles on plan to acquire Adani Agro Logistics from AEL
Adani Ports and Special Economic Zone fell 7.72% to Rs 326.75 at 11:44 IST on BSE after the company said its subsidiary, Adani Logistics, will acquire Adani Agri Logistics from Adani Enterprises in all cash deal.
Ovum Names ZTE as One of the Leading 5G Core Vendors
/ -- ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile Internet, has been named one of the leading 5G Core (5GC) vendors in Ovum's latest 5GC white paper, ZTE Accelerates Carriers' Migration to the 5G Core Network. In this paper, Ovum outlined how operators can build an agile, automated 5GC network to improve operational efficiency and increase service revenues as the telecommunications industry transitions into the 5G era. The white paper highlights the capabilities and competitiveness of ZTE and its Common Core solution in 5GC standards, technologies, and commercial applications. ZTE's Common Core solution is the first cloud-native 5GC that converges 2G/3G/4G/5G/Fixed access technologies while supporting Non-Standalone (NSA) and Standalone (SA) deployments. Ready for commercialization, ZTE's Common Core solution enables maximum resource usage while reducing cost at the same time. ..
CBIC constitutes 3 Working Groups to recommend measures to facilitate trade and improve compliance
Groups will submit their report within a period of two months
GST council recommends reduction in GST rate for under construction homes
GST rate slashed to 1% on affordable housing properties at 33rd GST Council meeting
Realty stocks gain after GST rate cut
Stocks regained strength in mid-morning trade. At 11:16 IST, the barometer index, the S&P BSE Sensex, was up 101.26 points or 0.28% at 35,972.74. The Nifty 50 index was up 18.30 points or 0.17% at 10,809.95. Positive Asian stocks boosted sentiment.
Zinc futures weaken by 0.10% on profit-booking
Zinc prices fell 0.10 per cent to Rs 194.30 per kg in futures market Monday as speculators trimmed holdings, to book profits amid weak cues from the spot market due to sluggish demand from consuming industries. At the Multi Commodity Exchange, zinc for delivery in current month eased by 20 paise, or 0.10 per cent to Rs 194.30 per kg in business turnover of 506 lots. Marketmen said off-loading of positions by participants to book profits coupled with muted demand from consuming industries in the physical market mainly weighed on zinc prices at futures trade.
Silver up by Rs 49 in futures trade on global cues
Silver prices were higher by Rs 49 to Rs 40,317 per kg in futures trade Monday as traders raised their bets amid a firm trend overseas. In futures trading, silver for delivery in March was trading higher by Rs 49, or 0.12 per cent, at Rs 40,317 per kg, in a business turnover of 438 lots at the Multi Commodity Exchange. Silver for delivery in February, too, gained Rs 42, or 0.10 per cent, at Rs 40,322 per kg in 595 lots. In the international market, silver futures rose 0.25 per cent to USD 16.04 an ounce in New York Monday. Analysts attributed the rise in silver prices at futures trade raising of bets by participants, largely in sync with a firm trend in global markets.
Aluminium futures gain 0.22% as speculators create position
Aluminium prices inched up by 0.22 per cent to Rs 134.70 per kg in futures market Monday as speculators built up fresh positions, in sync with a firming trend overseas amid uptick in demand at the domestic spot markets. At the Multi Commodity Exchange, aluminium for delivery in current month advanced by 30 paise, or 0.22 per cent to Rs 134.70 per kg in business turnover of 145 lots. Market analysts said fresh positions created by traders due to improved demand in the physical market and an upward trend in the base metals pack at the London Metal Exchange (LME), mainly led to the rise in aluminium prices at futures trade. At the LME, aluminium gained 0.4 per cent to a two-week high of USD 1,913 per tonne on Friday, driven by speculators covering their short positions.
Gold futures down 0.10% on profit-booking
Amid profit-booking booking by speculators at current levels, gold prices fell 0.10 per cent to Rs 33,484 per 10 grams in futures trade Monday, even as the yellow metal strengthened overseas. At Multi Commodity Exchange, gold for delivery in April was down Rs 33, or 0.10 per cent, to Rs 33,484 per 10 grams in a business turnover of 1,027 lots. Similarly, the metal for delivery in March contracts shed Rs 11, or 0.03 per cent, to Rs 33,358 per 10 grams in 657 lots. Analysts attributed the fall in prices to trimming of positions by participants to book profits, despite a firm trend overseas. Meanwhile, gold futures gained 0.22 per cent to USD 1,331.80 an ounce in New York.
Crude oil futures fall 0.49%, hurt by weak global cues
Crude oil futures fell 0.49 per cent to Rs 4,065 per barrel Monday in line with a weak overseas trend. Crude oil for delivery in March contract was trading lower by Rs 20, or 0.49 per cent, at Rs 4,065 per barrel with a business volume of 4,876 lots at Multi Commodity Exchange (MCX). Analysts said fall in crude oil futures is mostly in tune with a weak trend in global market where it slipped from over three-month high of USD 67.73 profit-booking by speculators. Meanwhile, West Texas Intermediate was down 0.24 per cent at USD 57.17 while global benchmark Brent was down 0.46 per cent at USD 66.94 a barrel.
Lead futures edge up 0.21 pc on spot demand
Lead prices were trading higher by 0.21 per cent to Rs 146.20 per kg in futures trading on Monday as participants built up fresh positions, driven by pick-up in demand in the spot market. At the Multi Commodity Exchange, lead for delivery in February edged higher by 30 paise, or 0.21 per cent to Rs 146.20 per kg in a business volume of 1,009 lots. Market analysts said, fresh positions created by traders due to upsurge in demand by battery-makers in the physical markets and positive global cues, mainly helped lead prices to trade higher at futures trade.
Volumes spurt at Zensar Technologies Ltd counter
Zensar Technologies Ltd notched up volume of 5.45 lakh shares by 10:49 IST on BSE, a 64.63 fold spurt over two-week average daily volume of 8426 shares
Robust spot demand, positive global cues lifts nickel by 0.70%
Nickel prices went up by 0.70 per cent to Rs 924.20 per kg in futures trading Monday as speculators built up fresh positions after pick up in demand from consuming industries in the spot market amid positive global cues. At the Multi Commodity Exchange, nickel for delivery in current month edged up by Rs 6.40, or 0.70 per cent to Rs 924.20 per kg in business turnover of 1,285 lots. Globally, at the London Metal Exchange (LME), nickel climbed 1.1 per cent to end at two-week high of USD 12,990 per tonne on Friday as inventories fell to 128,550 tonnes, the lowest since February 2013. Market analysts said fresh positions created by participants due to upsurge in demand from alloy-makers in the physical market and positive cues from the LME on fall in inventories, influenced nickel prices at futures trade here.
IMA Student Leadership Conference in India Highlights Need for Human Skills
/ -- IMA (Institute of Management Accountants), the association of accountants and financial professionals in business, recently concluded its first Student Leadership Conference (SLC) in Bangalore on February 2, 2019. More than 210 students and faculty members from 13 universities across India attended the event. (Photo: https://mma.prnewswire.com/media/825905/IMA.jpg ) "With ever-smarter processes and software, the traditional role of accountants is gradually losing ground to the machine. But that doesn't mean accountants are irrelevant. On the contrary, accounting and finance professionals are more important than ever, but they have to have the right human skills," said guest speaker Paul Juras, Ph.D., CMA, CPA, Professor at Babson College, U.S.; Chair, ICMA Board of Regents, and IMA 2019-2020 Chair-Elect. At the conference, Juras talked about the changes to IMA's CMA (Certified Management Accountant) exam effective January 1, 2020. He also talked about what skills accounting and ..
JBM Group acquires major shareholding in Linde-Wiemann GmbH
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Aurionpro Solutions bags contract from Ahlibank and TMB Bank
Aurionpro Solutions (a wholly owned subsidiary of Aurionpro Solutions) has been awarded a contract by Ahlibank S.A.0.G., Oman to develop and implement a B2B portal which will cater to the diverse banking requirements of its corporate customers.