Page 841 - Business Finance
NIIT Technologies, Microsoft partner to drive Cloud-led transformation
IT solutions firm NIIT Technologies Ltd. on Thursday announced a global collaboration with Microsoft to accelerate the comprehensive cloud needs of enterprises -- from infrastructure to business applications.
I-T searches at 31 premises of 4 businessmen in Tamil Nadu
Income Tax Department officials on Thursday searched 31 premises of four businessmen in Tamil Nadu for suspected tax evasion, said a senior official.
Playtech shares surge on buyback, higher 2019 earnings view
(Reuters) - Playtech shares rose more than 15 percent after the gambling software developer said it would buy back shares worth 40 million euro ($45.34 million) and forecast core earnings to rise at least 15 percent for 2019.
Japan govt leaves economy view unchanged as data weakens on China
TOKYO (Reuters) - Japan's government kept its assessment of the economy unchanged in February, but a series of weak data on corporate sentiment, capital expenditure and exports shows the U.S.-China trade war is hurting the outlook for the world's third-largest economy.
Strong growth for Huawei in Q4 even as global smartphone sales stall: Gartner
Signalling a new smartphone vendor war in 2019, Chinese player Huawei sold over 60 million smartphones in the fourth quarter of 2018, achieving the strongest growth of 37.6 per cent among the top five global players, Gartner said on Thursday.
Market hovers near day's high
The Sensex and the Nifty were trading near day's high levels in mid-afternoon trade. At 14:20 IST, the barometer index, the S&P BSE Sensex, was up 181.83 points or 0.51% at 35,938.09. The Nifty 50 index was up 59.30 points or 0.55% at 10,794.75. Positive global cues boosted investors sentiment. The Nifty was trading near 10,800 mark.
Salona Cotspin Ltd leads losers in 'B' group
Magnum Ventures Ltd, Times Guaranty Ltd, P B A Infrastructure Ltd and Manaksia Ltd are among the other losers in the BSE's 'B' group today, 21 February 2019.
Tech Mahindra gains as board approves buyback
Tech Mahindra rose 2% to Rs 827.95 at 14:29 IST on BSE after the company's board of directors approved the proposal for buyback of equity shares at Rs 950 per share.
Volumes jump at Relaxo Footwears Ltd counter
Relaxo Footwears Ltd saw volume of 5.25 lakh shares by 14:14 IST on NSE, a 36.75 fold spurt over two-week average daily volume of 14282 shares
Standard Chartered sets aside $900 million to cover U.S., British fines
(Reuters) - Standard Chartered PLC (StanChart) has set aside $900 million to cover fines resulting from regulatory investigations in the United States and Britain, potentially drawing a line under probes which have dogged the bank for years.
Kesoram arm expects to cross Rs 400 cr revenue by FY20
Betting big on food wrapping solutions with the launch of biodegradable cellulose transparent films, Cygnet Industries, a wholly-owned subsidiary of Kesoram Industries, is expecting to cross Rs 400 crore revenue by the next fiscal (FY 2019-20).
ReNew Power secures OPIC debt funding of up to USD 350 mn
Clean energy producer ReNew Power Thursday said it has secured fresh debt financing of up to USD 350 million from the US government's development finance institution Overseas Private Investment Corporation (OPIC). This follows an earlier round of financing when OPIC had granted a loan of USD 250 million to ReNew Power in March 2016, a company statement said. The funds will be utilised by ReNew Power to support construction of new wind and solar power plants in India, the company added. Sumant Sinha, Chairman and MD of ReNew Power, said, "We are happy that OPIC has once again reposed its trust in ReNew Power and our vision to transform India's energy landscape". OPIC President and CEO Ray W Washburne said, "Investment in new and reliable energy will help India diversify its power generation, which is critical in order to meet growing energy demand and sustain economic growth".
Sought lenders' approval to release Rs 260 cr to Ericsson: RCOM
Reliance Communications (RCom) on Thursday said it has requested for an 'urgent approval' from the company's lenders to directly release around Rs 260 crore from its bank account to Ericsson.
Info Edge (India) invest additional Rs 2 crore in Wishbook Infoservices
Wishbook was incorporated on 30 April 2016. It is a mobile app only B2B market platform in the fashion / apparel category, enabling channel sales management, discovery & transactions between manufacturers & retailers or rese llers.
Gold off 10-month peak as Fed minutes support dollar
(Reuters) - Gold was trading below the previous session's 10-month peak on Thursday as the dollar inched up after minutes from the last U.S. Federal Reserve meeting rekindled expectations of another rate hike this year.
Indian Chamber of Commerce and Mumbai Angels Network Present 'BEYOND'
/ -- Melting pot of Ideas and Interactions between fast growing Ventures and Investors BEYOND promises to be an event where Stalwarts, Seasoned Investors, Budding Entrepreneurs, New Investors, VCs, Corporates and Customers will come together to meet their peers, not only preparing for and putting in place the drivers for wealth creation for the next decade, but also willing to share what has worked and not worked for them so far. The event by Indian Chamber of Commerce and Mumbai Angels Network, has generated tremendous interest from various stakeholders from the ecosystem. The said event - 'BEYOND' is scheduled to happen for the first time in Mumbai on Thursday, 27th February 2019. This is a multi-track event with three tracks taking place simultaneously: The first track has panel discussions with highly ranked investors, thinkers and wealth creators, focussing on a series of top-of-mind subjects such as 'What's going to power the next Trillion Dollar economy', 'How to build the next
Barclays income boost cheers investors, makes Brexit provision
LONDON (Reuters) - Barclays reported a lower than forecast attributable profit of 3.5 billion pounds ($4.56 billion) for 2018, as it set aside cash to cushion against Brexit losses and its trading business weathered a difficult fourth quarter.
BAE Systems warns it could be hit by German stance on Saudi
LONDON (Reuters) - BAE Systems said German moves to block exports to Saudi Arabia could hit its major deals with the Kingdom, weighing on Britain's biggest defence company's financial performance and relationships.
Nickel futures remain weak on muted spot demand
Nickel prices fell by 0.43 per cent to Rs 910.60 per kg in futures trade Thursday as speculators booked profits amid subdued demand at the domestic spot market. In futures trading at the Multi Commodity Exchange, nickel for delivery in the current month traded lower by Rs 3.90, or 0.43 per cent, to Rs 910.60 per kg in a business turnover of 7,659 lots. The metal for delivery in March also dipped by 0.37 per cent, or Rs 3.40, to trade at Rs 916.80. Analysts said apart from profit-booking by speculators, a weak trend at the spot markets due to low demand from alloy-makers, weighed on nickel prices.
Silver weakens in futures trade, down Rs 407
Silver prices fell sharply by Rs 407 to Rs 40,484 per kg in futures trade Thursday amid profit-booking by speculators at current levels. At the Multi Commodity Exchange, silver for delivery in March dipped by Rs 407, or 1 per cent, to Rs 40,484 per kg, clocking a business volume of 13,361 lots. The white metal delivery for May contracts was also down by Rs 396, or 0.96 per cent, to Rs 41,069 per kg in 4,702 lots. In the international market, silver dipped 1.05 per cent to USD 15.99 an ounce in Singapore. Marketmen said profit-booking at prevailing levels led to the fall in silver prices at futures trade here.