Page 830 - Business Finance
Qlik to acquire Attunity for nearly $560 mn
To expand its enterprise data management solutions and enable real-time analytics, US-based data analytics and business intelligence platform Qlik on Friday announced that it is acquiring Boston-based software solutions provider Attunity for nearly $560 million.
Gold falls Rs 330 on muted jewellers' demand amid weak trend overseas
Gold prices Friday fell by Rs 330 to Rs 34,500 per 10 gram at the bullion market here, tracking a weak trend overseas amid subdued demand from local jewellers, according to the All India Sarafa Association. Silver also followed suit and weakened by Rs 300 to Rs 41,360 per kg, owing to reduced offtake by industrial units and coin makers. Traders attributed the decline in gold prices to a weak trend overseas and easing demand from jewellers at the domestic markets. Globally, gold traded lower at USD 1,325.24 an ounce and silver was trading down at USD 15.80 an ounce in New York. In the national capital, gold of 99.9 per cent and 99.5 per cent purities declined by Rs 330 each to Rs 34,500 and Rs 34,350 per 10 gram, respectively. Sovereign gold, however, remained flat at Rs 26,600 per piece of 8 gram. In tandem with gold, silver ready declined by Rs 300 to Rs 41,360 per kg and weekly-based delivery by Rs 343 to Rs 40,158 per kg. Similarly, silver coins due to weak demand declined by Rs ...
Time has come to set up independent debt management office: Niti Aayog
Niti Aayog vice chairman Rajiv Kumar Friday made a strong case for setting up of an independent debt management office outside the purview of Reserve Bank of India, saying it was "an idea whose time has come". The idea of a Public Debt Management Agency (PDMA) was proposed by Finance Minister Arun Jaitley in his February 2015 Budget speech, though it has not yet been implemented. "...It is important for this particular office be separate, because then you can pay much more attention on public debt management. That will help the government in bring down cost of its debt," Kumar said at an event organised by Niti Aayog here. At present, the government debt, including market borrowing, is managed by the Reserve Bank of India (RBI). The government has to decide how to segregate different functions of the RBI, Kumar said adding that government been very courageous to give the central bank the statutory authority for the inflation targeting. "Therefore, who then looks after growth, ...
German business morale sinks for 6th time in row in February
BERLIN (Reuters) - German business morale fell for the sixth time in succession in February, a survey showed on Friday, reflecting concern among company executives about a continuing slowdown in Europe's largest economy.
Dr Reddy's Labs gains as USFDA completes audit at Louisiana plant
Dr Reddy's Laboratories rose 1.72% to Rs 2,630 at 14:27 IST on BSE after the company said that the audit of its formulations Shrevepmi plant, Louisiana, USA, by the USFDA, has been completed with zero observations.
Refined soya oil futures slide 0.18 pc on adequate stocks
Refined soya oil prices eased by 0.18 per cent to Rs 768.5 per 10 kg in futures trade Friday as speculators trimmed bets on adequate stocks at the spot market. At the National Commodity and Derivatives Exchange, refined soya oil for March declined by Rs 1.4, or 0.18 per cent, to Rs 768.5 per 10 kg with an open interest of 52,450 lots. Refined soya oil for April also fell by Rs 2.4, or 0.32 per cent, to Rs 756.5 per 10 kg in 24,510 lots. Market analysts said cutting down of positions by participants due to decline in demand against ample stocks mainly influenced the prices.
'Meraj' a Bangalore based fashion designer label challenging designers of Mumbai
Bangalore, the IT and Cyber City of India have got a new recognition. In a recently conducted survey by a Mumbai based consulting group 3EA, Bangalore based fashion labels have got better ratings with respect to customer satisfaction, innovation and fusion of designs. The Label that has got the best rating in the survey is a store situated in a commercial street, Bangalore by the name of Meraj.The sample size of this survey was 500 that included primary data collection from the buyers of various Fashion Brands in the domain of Party Wear, Bridal and Groom Wear, Designer Apparel for Men and Women and their accessories. Mid-level Fashion Labels of Mumbai, Bangalore, Delhi, Kolkata, Chennai and Chandigarh were covered in the survey.Meraj Anwar is a passionate fashion designer and a well-known brand himself in Bangalore Founded the venture. The satisfaction level of customers, on the parameters like innovation in design, fitting of the apparel and quality of fabric, has been found up to ..
Saudi Aramco agrees tie-up for $10 billion project in China
DUBAI (Reuters) - State-owned Saudi Aramco has signed an agreement to form a joint venture with Chinese conglomerate Norinco to develop a refining and petrochemical complex in Panjin city, saying the project is worth more than $10 billion.
Think Ink Studio Ltd leads losers in 'B' group
Mohit Industries Ltd, Visa Steel Ltd, Banaras Beads Ltd and Salona Cotspin Ltd are among the other losers in the BSE's 'B' group today, 22 February 2019.
Jindal Leasefin announces resignation of company secretary and compliance officer
With effect from 21 February 2019
Coriander futures rise 0.19% on firm demand
Coriander prices were trading higher by 0.19 per cent at Rs 6,220 per quintal in futures market Friday as participants built positions amid rising spot demand. Besides, tight stocks on account of restricted arrivals from major growing belts also weighed on coriander futures. At the National Commodity and Derivatives Exchange, coriander for April delivery rose by Rs 12, or 0.19 per cent, to Rs 6,220 per quintal with an open interest of 27,320 lots. The delivery for far-month May also traded higher by Rs 9, or 0.14 per cent, at Rs 6,292 per quintal with an open interest of 6,920 lots. Market analysts attributed the rise in coriander futures to the rise in demand in the physical market against tight stocks on fall in supplies from producing regions.
Barometers bounce back; breadth strong
Key equity barometers firmed up once again in mid-afternoon trade. At 14:20 IST, the barometer index, the S&P BSE Sensex, was up 10.97 points or 0.03% at 35,909.32. The Nifty 50 index was up 3.30 points or 0.03% at 10,793.15.
Housing Development Finance Corporation update on Medium Term Note Programme
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GMR Airports partners with TERNA for New Heraklion Airport project at Crete, Greece
The consortium intends to invest over 500 million Euro for development of the new airport. The entire project will be funded through a mix of equity, accruals from the existing airport, and financial grant being provided by the Government of Greece; therefore debt is not required in this project.
Guar seed futures fall by Rs 11 per 10 quintal
Guar seed prices fell by Rs 11.50 to Rs 4,223 per 10 quintal in futures trade Friday as investors were seen cutting down their holdings on weak trend at the physical market. Marketmen attributed the fall in guar seed futures prices to soaring stocks on relentless supplies from producing areas amid withdrawal of support by the guar gum makers in the spot markets. At the National Commodity and Derivatives Exchange counter, guar seed for delivery in March contracts was trading lower by Rs 11.50, or 0.27 per cent, at Rs 4,223 per 10 quintal, showing an open interest of 1,02,190 lots. The most-traded delivery in April contracts also fell by Rs 14, or 0.33 per cent, to Rs 4,267 per 10 quintal with an open interest of 17,830 lots.
Gold prices rise on trade talk optimism; Fed stance limits gains
(Reuters) - Gold inched up on Friday as optimism over U.S.-China trade talks pressured the dollar, but signs that the U.S. Federal Reserve could raise interest rates again this year kept prices below a 10-month high hit earlier this week.
Higher state spending helps German economy avoid recession in fourth quarter
BERLIN (Reuters) - Higher state spending helped Germany avoid a recession in the fourth quarter, data showed on Friday, as exports failed to provide impetus for a slowing economy.
JioSaavn only Indian company to make it to '50 Most Innovative Companies' list
India-based global audio and music streaming service JioSaavn on Friday announced that it has secured the first rank India-wise and 28th rank globally in the 2019 list of "50 Most Innovative Companies".
HPE, Samsung collaborate to accelerate 5G adoption
Hewlett Packard Enterprise (HPE) and Samsung Electronics on Friday announced a partnership to jointly provide solutions to help communications service providers (CSPs) accelerate 5G deployment.
Nickel futures climb 1.31% on global cues, spot demand
Amid firming trend overseas and strong demand at the domestic market, nickel prices went up by 1.31 per cent to Rs 928.80 per kg in futures trade Friday as participants widened their bets. At the Multi Commodity Exchange, nickel for delivery in the March contract was trading higher by Rs 12, or 1.31 per cent, at Rs 928.80 per kg in a business turnover of 1,207 lots. Analysts attributed the persistent rise in nickel futures to widening of positions by participants on the back of a firm global trend. Besides, strong demand from alloy-makers at the domestic spot market supported the price rise, they said.