Page 843 - Business Finance
Board of Tech Mahindra approves proposal for buyback of shares up to Rs 1956 crore
At meeting held on 21 February 2019
Canara Bank up for third consecutive session
Canara Bank is quoting at Rs 222.5, up 1.81% on the day as on 12:49 IST on the NSE. The stock is down 28.04% in last one year as compared to a 3.71% jump in NIFTY and a 12.33% jump in the Nifty PSU Bank index.
Oriental Bank of Commerce gains for third consecutive session
Oriental Bank of Commerce is quoting at Rs 82.8, up 1.91% on the day as on 12:49 IST on the NSE. The stock is down 21.22% in last one year as compared to a 3.71% spurt in NIFTY and a 12.33% spurt in the Nifty PSU Bank index.
Syndicate Bank soars 3.43%
Syndicate Bank is quoting at Rs 33.2, up 3.43% on the day as on 12:49 IST on the NSE. The stock is down 44.39% in last one year as compared to a 3.71% spurt in NIFTY and a 12.33% spurt in the Nifty PSU Bank index.
JSW Steel Ltd up for third straight session
JSW Steel Ltd is quoting at Rs 277.85, up 1.39% on the day as on 12:49 IST on the NSE. The stock is down 6.67% in last one year as compared to a 3.71% jump in NIFTY and a 28.52% jump in the Nifty Metal index.
Welspun Corp Ltd soars 1.78%, Gains for third straight session
Welspun Corp Ltd is quoting at Rs 102.8, up 1.78% on the day as on 12:49 IST on the NSE. The stock is down 36.17% in last one year as compared to a 3.71% fall in NIFTY and a 28.52% fall in the Nifty Metal index.
Network 18 Media & Investments Ltd spurts 1.2%
Network 18 Media & Investments Ltd is quoting at Rs 33.8, up 1.2% on the day as on 12:49 IST on the NSE. The stock is down 30.45% in last one year as compared to a 3.71% drop in NIFTY and a 27.37% drop in the Nifty Media index.
Sun TV Network Ltd rises for third straight session
Sun TV Network Ltd is quoting at Rs 580.95, up 2.42% on the day as on 12:49 IST on the NSE. The stock is down 36.04% in last one year as compared to a 3.71% jump in NIFTY and a 27.37% jump in the Nifty Media index.
Tata Global Beverages Ltd gains for third straight session
Tata Global Beverages Ltd is quoting at Rs 193.4, up 2.49% on the day as on 12:49 IST on the NSE. The stock is down 26.23% in last one year as compared to a 3.71% jump in NIFTY and a 10.07% jump in the Nifty FMCG index.
Tata Power Company Ltd gains for third straight session
Tata Power Company Ltd is quoting at Rs 67.8, up 1.35% on the day as on 12:49 IST on the NSE. The stock is down 20.14% in last one year as compared to a 3.71% jump in NIFTY and a 8.26% jump in the Nifty Energy index.
ICICI Bank Ltd spurts more than 2%
ICICI Bank Ltd is quoting at Rs 352.95, up 2.25% on the day as on 12:49 IST on the NSE. The stock is up 10.87% in last one year as compared to a 3.71% gain in NIFTY and a 8.32% gain in the Nifty Bank index.
Punjab National Bank soars 2.88%, rises for third straight session
Punjab National Bank is quoting at Rs 73.15, up 2.88% on the day as on 12:49 IST on the NSE. The stock is down 36.17% in last one year as compared to a 3.71% gain in NIFTY and a 8.32% gain in the Nifty Bank index.
Oil & Natural Gas Corpn Ltd gains for five straight sessions
Oil & Natural Gas Corpn Ltd is quoting at Rs 145.5, up 1.01% on the day as on 12:44 IST on the NSE. The stock is down 21.82% in last one year as compared to a 3.69% gain in NIFTY and a 8.23% gain in the Nifty Energy.
NASSCOM Says IT Export Revenues Cross $137 Bn, Digital Continues To Outperform
The National Association of Software and Services Companies (NASSCOM) announced the key trends of the industry performance for the year 2018-19. The year has been christened as 'The Year of Digital Acceleration' wherein the industry was able to fast forward its journey to be the digital solutions partner across the different sectors. The association noted that 2018-19 was an exciting year for the industry, as the export sector crossed USD 137 billion of revenues and marginally grew above the NASSCOM guidance of 7-9%. Interestingly, the industry sectors have also expanded beyond IT Services and together are almost half the industry revenues in 2018- 19. Digital was once again the growth driver for the year, growing 30% YoY and is estimated at USD 33 billion in 2018-19. Growth in the start-up sector was another key highlight of the year as India witnessed 8 unicorns being born and start-up funding reached an all-time high.
Remain or leave? Carmakers confront hard Brexit choices
ST ATHAN, Wales/GAYDON, England (Reuters) - In three cavernous former Royal Air Force hangars at an old airbase in Wales, luxury carmaker Aston Martin is forging ahead with construction of a new vehicle assembly plant.
Saudi Aramco to sign China refinery deals during crown prince visit: sources
SINGAPORE/DUBAI/BEIJING (Reuters) - Saudi Aramco plans to sign preliminary deals to invest in two oil refining and petrochemical complexes in China during Saudi Arabian Crown Prince Mohammed bin Salman's state visit to Beijing this week, according to sources familiar with the plans.
Crude oil futures climb 0.12 pc on global cues
Crude oil rose 0.12 per cent to Rs 4,094 per barrel in futures market Thursday as speculators created fresh bets, taking positive cues from global markets. At the Multi Commodity Exchange, crude oil for delivery in March was trading higher by Rs 5, or 0.12 per cent, at Rs 4,094 per barrel in a business turnover of 15,701 lots. On similar lines, crude to be delivered in April contracts rose by Rs 3, or 0.07 per cent, to Rs 4,139 per barrel with a business turnover of 429 lots. Speculators built fresh positions after oil prices rose in the light of tighter global crude supplies, analysts said, . Meanwhile, West Texas Intermediate gained 1.48 per cent to USD 56.92, while Brent crude traded 0.06 per cent higher at USD 67.14 per barrel.
Indonesia c.bank keeps key rate at 6.00 pct, as expected
JAKARTA (Reuters) - Indonesia's central bank kept its benchmark interest rate unchanged on Thursday, as expected, reiterating that its main objective remained preserving financial stability and reducing the current account deficit.
Bharti Infratel Ltd slips around 2%, S&P BSE Telecom index pulls lower
Bharti Infratel Ltd has added 12.13% over last one month compared to 0.18% fall in S&P BSE Telecom index and 1.85% drop in the SENSEX
Public sector banks zoom up to 19% on fund infusion plan
Shares of public sector banks (PSBs) jumped up to 19 per cent Thursday after the finance ministry announced infusion of Rs 48,239 crore in 12 such lenders in this fiscal to help them maintain regulatory capital requirements and finance growth plans. Corporation Bank zoomed 18.82 per cent, United Bank 14.88 per cent, UCO Bank 13.70 per cent, Bank of Maharashtra 10.84 per cent, Allahabad Bank by 10 per cent, Central Bank of India 10 per cent and Indian Overseas Bank 9.84 per cent on BSE. Andhra Bank jumped 8.76 per cent, Punjab National Bank 7.94 per cent, Syndicate Bank 6 per cent, Bank of India 5.13 per cent and Union Bank of India gained 4.96 per cent. With this funding, the total amount of capital infusion would increase to Rs 1,00,958 crore of the planned recapitalisation of Rs 1.06 lakh crore for PSBs for the current fiscal, according to Financial Services Secretary Rajiv Kumar. Corporation Bank is the biggest beneficiary of this round of capital infusion with Rs 9,086 crore of ...