Page 84 - Business Finance
Equity indices turn flat after opening in green
The key Indian equity indices traded on a flat note on Tuesday after opening in the positive territory.
Nifty inches higher in opening trade
The Nifty was trading marginally higher in early trade. At 9:20 IST, the Nifty 50 index was up 18.25 points or 0.15% at 11,940.95.
Indiabulls Real Estate Ltd Slips 5.22%
Indiabulls Real Estate Ltd has added 18.71% over last one month compared to 10.4% gain in S&P BSE Realty Index index and 6.23% rise in the SENSEX
Eveready Industries drops after rating downgrade
Eveready Industries India fell by 2.92% to Rs 88.25 at 09:19 IST on the BSE, after the company announced that a rating agency has downgraded the company's long term credit rating.
Vedanta Ltd Surges 0.82%
Vedanta Ltd has added 6.99% over last one month compared to 1.5% gain in S&P BSE Metal index and 6.41% rise in the SENSEX
Cybercriminals topmost source of distrust in India: Survey
Cybercriminals remain the number one source of distrust in the Internet in India where 79 per cent of people say social media companies contribute to their distrust -- up from 74 per cent in 2018.
Sensex, Nifty start on a positive note
Domestic equity benchmarks BSE Sensex and NSE Nifty started on a positive note Tuesday driven by gains in IT stocks amid positive global cues. After jumping over 100 points in opening session, the 30-share index was trading 63.84 points, or 0.16 per cent, higher at 39,848.36 at 0930 hours. Similarly, the broader NSE Nifty was quoting 10.65 points, or 0.09 per cent, up at 11,933.35. In the previous session on Monday, the BSE gauge settled 168.62 points, or 0.43 per cent, higher at 39,784.52. Similarly, the broader NSE Nifty rose 52.05 points, or 0.44 per cent, to settle at 11,922.70. Top Sensex gainers in early session Tuesday include IndusInd Bank, HCL tech, ONGC, Tata Motors, TCS, Tata Steel and Infosys, rising up to 2 per cent. While, Sun Pharma, M&M, Bharti Airtel, Axis Bank, HDFC and ICICI Bank fell up to 2.50 per cent. Domestic indices extended gains as investors sentiment remained positive amid easing concerns over a global trade war after the United States dropped its ...
SaffronStays targets 1,500 rooms by 2020
Targeting 500 private vacation homes/about 1,500 rooms under its SaffronStays premium homestay network by 2020, Saffron Studios Private Ltd plans to expand into overseas markets where Indians travel, a top company official said.
Sensex, Nifty may extend gains
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 18 points at the opening bell on positive global cues.
RIL in focus on plans to shut two units at Jamnagar
Reliance Industries (RIL) is planning to shut down one of the crude distillation units and coker unit of its DTA refinery at Jamnagar for routine maintenance and inspection activities, for about three to four weeks starting from 20 June 2019. The other crude distillation and secondary processing units are expected to operate normally during this period. The announcement was made after market hours yesterday, 10 June 2019.
Australia Market climbs after US suspends tariffs on Mexican goods
The market mood was brightened on tracking positive close of US market overnight after President Donald Trump suspended plans to impose tariffs on Mexican goods after the countries struck a deal on immigration. The Dow Jones Industrial Average rose 78.74 points, or 0.3%, higher at 26,062.68. The S&P 500 gained 0.5% at 2,886.73. The Nasdaq Composite rose 1.1% to 7,823.17.
Japan Nikkei extends gain on Mexico deal, Sino-U.S. rift caps gains
Total 25 subsectors out of 33 subsectors of the Topix's were in positive territory, with Securities & Commodities Futures, Mining, Banks, Iron & Steel, and Pulp & Paper issues being notable gainers, while Land Transportation, Warehousing & Harbor Transportation Services, and Precision Instruments issues were notable losers.
Wall Street ends higher as US-Mexico trade tensions ease
U.S. stocks extended gains after the US reached an agreement with Mexico on immigration issue that would allow Mexico to avoid U.S. tariffs, easing some of the trade concerns on the market.
Trump to slap more tariffs on China if Xi skips G20 summit
US President Donald Trump said that he will move forward with proposed tariffs on $300 billion worth of Chinese imports if China's President Xi Jinping does not meet with him at the G20 summit later this month in Japan.
Allegation of siphoning-off Rs 98,000 cr 'bizarre': Indiabulls Housing Finance
Refuting charges of misappropriation of around Rs 98,000 crore by its Chairman Sameer Gehlaut and other directors, Indiabulls Housing Finance late on Monday evening said that the allegation is "bizzare" and is meant to malign the reputation of the company.
Wracked by an opioid scandal, Insys files for bankruptcy
American drug maker Insys announced on Monday it was filing for bankruptcy and will sell its assets as it faces legal and financial fallout from its role in the opioid crisis. The Arizona-based company last week agreed to pay $225 million to settle criminal and civil probes into the marketing of an addictive opioid painkiller. Insys' founder and four other former executives were also convicted last month of engaging in systematic bribery of doctors to prescribe the powerful opioid Subsys unnecessarily and at higher-than-recommended dosages. The company said in a statement Monday it intends to continue operations as it seeks bankruptcy protection, but will sell "substantially all" of its assets under court supervision to pay the settlement. "After conducting a thorough review of available strategic alternatives, we determined that a court-supervised sale process is the best course of action to maximize the value of our assets and address our legacy legal challenges in a fair and ...
Sinan Ozkok to head Nissan Motor India
Japanese automobile major Nissan Motor Company on Monday announced the appointment of Sinan Ozkok as the President of its India operations.
Need right strategy for branded coffee biz in US: TGBL
Tata Global Beverages Ltd has said it will have to devise the "right strategy" for the company's branded coffee business in the United States. The branded coffee market in the US has witnessed consolidation over the past few years and recrafting the Eight O'Clock coffee business in this new environment is critical to its growth and success, TGBL Chairman N Chandrasekaran said. "The company has to craft the right strategy for its branded coffee business in USA, which recorded lower levels of performance compared to the previous year," Chandrasekaran said in the company's latest annual report. "The year also marked the first full year of transition in USA, for Eight O'Clock coffee pods, from a royalty agreement with Keurig to TGB controlling the majority of the sales channel. We believe this will help our long-term growth," MD & CEO Ajoy Misra said in the report. Chandrasekaran said the company, which sells branded tea, coffee and water products, including Tata Tea, ...
Pakistan's economic growth falls to 3.29 per cent in FY19
Pakistan's economy grew at an average rate of 3.29 per cent in fiscal year 2018-19 against an ambitious target of 6.2 per cent set in last year's budget, the Pakistan Economic Survey revealed on Monday. The government unveiled the Economic Survey 2018-19 -- a report card displaying all economic indicators and how the Imran Khan government performed in its first year in power. Advisor on Finance Abdul Hafeez Shaikh who unveiled the Economic Survey at a press conference ahead of the announcement of budget on June 11, said burgeoning debt has become major burden for Pakistan's economy. "The previous governments took Rs 31,000 billion loans in the last 10 years, he said. Now we have to pay Rs 3,000 billion as interest on those loans. He said the country had also accumulated around USD 100 billion external loans which included USD 9.2 billion in the tenure of the current government that came to power in August last year. The advisor admitted that new loans were being used to pay off old ...
Petroleum minister Pradhan discusses crude oil price volatility with US Energy Secy
Union Minister of Petroleum and Natural Gas Dharmendra Pradhan on Monday said that he discussed with the United States Secretary of Energy, Rick Perry, crude oil price volatility and its impact on the Indian consumer.In three tweets, Pradhan briefed about the telephonic conversation he had today with Perry.Pradhan discussed crude oil price volatility, its impact on Indian consumer and the role of the US in bringing global price stability.His tweets read, "Discussed ways to work together to enhance energy security, further develop gas-based economy in India & expand energy and innovation linkages to bolster the India-US Strategic Energy Partnership that was launched in April last year. Also discussed about crude oil price volatility and its impact on the Indian consumer. I also pointed to the important role that the US plays in bringing global price stability."The Union Minister also thanked Secretary Perry for his good wishes on the victory of Prime Minister Narendra Modi in ...