Page 859 - Business Finance

Australia Market falls 0.17%

The two countries (US-China) started a new round of talks to resolve their trade war on Tuesday, and sessions at a higher level are planned later this week. US President Donald Trump said on Tuesday that trade talks with China were going well and suggested he was open to pushing off the deadline to complete negotiations, saying March 1 was not a "magical" date. Tariffs on $US200 billion worth of Chinese imports are currently scheduled to rise to 25% from 10% if no trade deal is reached by March 1.

Jindal Steel & Power Ltd records massive gains

Jindal Steel & Power Ltd is quoting at Rs 149.3, up 5.7% on the day as on 12:54 IST on the NSE. The stock is down 39.63% in last one year as compared to a 2.67% gain in NIFTY and a 29.68% gain in the Nifty Metal index.

Chemetall increases prices for Surface Treatment chemicals

/ -- Driven by continued overall cost increases, particularly in key raw materials, the Surface Treatment global business unit of the Coatings division of BASF, operating under the Chemetall brand, is in the process of increasing prices for the Surface Treatment chemicals globally. In addition to higher general costs, driven by legislation, inflation, and freight, the Surface Treatment business has been particularly affected by on-going price increases for key raw materials, which have been absorbed over an extended period of time. "We have and are still facing an environment of increasing costs, across all regions and all surface treatment industry segments. Price increases for our products and services are necessary to sustain our commitment to delivering high-quality solutions for our customers while meeting their increasing service demands and quality standards," said Martin Jung, Senior Vice President Surface Treatment. Price increases will be handled selectively across all ...

Servion Global Solutions appoints Laurent Philonenko as new Chief Executive Officer

Servion Global Solutions (Servion), a specialist in Customer Experience Management (CEM) - backed by Everstone Capital and Solmark - announced on Wednesday the appointment of Laurent Philonenko as its new Chief Executive Officer (CEO) and board member.Based out of San Francisco, Laurent will lead the company through its transformative phase amidst the rapidly changing business landscape.Laurent brings with him over 30 years of experience, with a proven track record of serving successful leadership roles with some of the biggest names in the industry - including Cisco, Avaya, and Genesys.Prior to joining Servion, Laurent was the Senior Vice President of Innovation at Avaya, where he led the development and incubation of disruptive innovations such as artificial intelligence, mobility, and security.In his previous roles, he has held executive leadership positions as Chief Technology Officer (CTO) of Collaboration Technology Group at Cisco Systems and Chief Executive Officer (CEO) at ...

Gold futures up Rs 12 as participants create position

Gold prices rose by Rs 12 to Rs 33,911 per 10 gram in futures trade Wednesday as speculators widened their bets, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in April was trading higher by Rs 12, or 0.04 per cent, to Rs 33,911 per 10 gram, in a business turnover of 16,738 lots. However, the June delivery of the precious metal was down by Rs 4, or 0.01 per cent, to Rs 34,103 per 10 gram, with a business volume of 6,463 lots. Analysts said raising of bets by participants, taking positive cues from the global market as weakness in dollar raised demand for the precious metal as a safe-haven, mainly pushed up gold prices here. Globally, gold rose 0.17 per cent to trade at USD 1,342.41 an ounce in Singapore.

Glenmark Pharmaceuticals Ltd rises around 1%

Glenmark Pharmaceuticals Ltd is quoting at Rs 585.1, up 1.03% on the day as on 12:54 IST on the NSE. The stock is up 11.46% in last one year as compared to a 2.67% gain in NIFTY and a 2.85% gain in the Nifty Pharma index.

NMDC Ltd in demand

NMDC Ltd is quoting at Rs 93.9, up 1.24% on the day as on 12:54 IST on the NSE. The stock is down 27.18% in last one year as compared to a 2.67% gain in NIFTY and a 29.68% gain in the Nifty Metal index.

Vedanta Ltd gains for third consecutive session

Vedanta Ltd is quoting at Rs 159, up 3.85% on the day as on 12:54 IST on the NSE. The stock is down 51.47% in last one year as compared to a 2.67% spurt in NIFTY and a 29.68% spurt in the Nifty Metal index.

Inox Leisure Ltd soars 1.44%

Inox Leisure Ltd is quoting at Rs 278.2, up 1.44% on the day as on 12:54 IST on the NSE. The stock is down 0.27% in last one year as compared to a 2.67% drop in NIFTY and a 28.79% drop in the Nifty Media index.

Eros International Media Ltd spurts 3.64%, gains for third straight session

Eros International Media Ltd is quoting at Rs 75.4, up 3.64% on the day as on 12:54 IST on the NSE. The stock is down 63.5% in last one year as compared to a 2.67% fall in NIFTY and a 28.79% fall in the Nifty Media index.

United Spirits Ltd gains for third consecutive session

United Spirits Ltd is quoting at Rs 527.3, up 2.89% on the day as on 12:54 IST on the NSE. The stock is down 17.03% in last one year as compared to a 2.67% spurt in NIFTY and a 9.02% spurt in the Nifty FMCG index.

WTO trade indicator points to slower trade growth into first quarter of 2019

World Trade Outlook Indicator reading weakest since March 2010

Lloyds Bank brushes off Brexit fears with bumper dividend, buyback plan

LONDON (Reuters) - Lloyds Banking Group shrugged off mounting concerns over Brexit to unveil a 4 billion pounds dividend and share buyback bonanza for investors on Wednesday, despite booking weaker-than-expected growth in profits for 2018.

Nasscom ends annual growth forecast

The apex software industry lobby Nasscom on Wednesday ended the practice of forecasting annual growth and said it was cautiously optimistic about 2019, citing rising global economic uncertainties arising out of trade wars and protectionism. Last year also, the association had first delayed the announcement in February and later issued the projections in May, pegging it at 7-9 per cent. Nasscom chairman Rishad Premji said they were discontinuing with the annual growth forecast from this year. "Rather than collating a number, we feel having a perspective would be better. We are not sharing the number as a philosophical decision," he said. The industry faces major risks in the form increasing protectionism and lack of talent, he said, adding that global uncertainties revolve around trade wars and increasing protectionism. Explaining the rationale for discontinuing the forecast, association president Debjani Ghosh said guidance is a thing of the past and not the right thing .

Technology fished out 10 million fake ration cards in Maha: CM

Maharashtra has found as many as 10 million fake ration cards using technology tools, Chief Minister Devendra Fadnavis said Wednesday. He also announced the new model request for proposal (RFP) while tendering out IT contracts, developed by industry lobby Nasscom and the Union ministry of electronics and IT. "The public distribution system (PDS) has changed through technology initiatives. With all the digital initiatives, we have actually found out 10 million fake ration cards," Fadnavis told the annual Nasscom leadership forum here. The Western state, having a population of over 11 crore, is using technology across all spheres to drive efficiency and for better allocation of resources, he said. Technological tools have taken down malnutrition related deaths to zero in Harisal village of Amravati district, Fadnavis said. On the industry's long-standing demand of tender contracts structuring, Fadnavis announced that the model RFP will be adopted in two months by the ...

Lloyds Bank posts 24 percent profit rise, unveils $2.3 billion buyback

LONDON (Reuters) - Britain's biggest mortgage lender Lloyds Banking Group posted weaker-than-expected growth in annual profits on Wednesday but boosted shareholders with a increased dividend and a 1.75 billion pound ($2.28 billion) share buyback.

Glencore announces $2 billion buyback plan, 2018 earnings rise

(Reuters) - Trading company Glencore on Wednesday announced a $2 billion share buyback program and posted an 8 percent rise in full-year overall adjusted core earnings.

Rachit Mathur, Founder & CEO of Avenue Growth, Creates 12,000 Sales Jobs in India and Counting

/ -- Avenue Growth, India's largest Sales-as-a-Service platform with Pan-India coverage and active sales services in more than 500 cities, has put another jewel in its crown. Avenue Growth has achieved distinction for creating 12,000 employment opportunities. The number is remarkably high since the company is just 2-year old. (Photo: https://mma.prnewswire.com/media/824338/Rachit_Mathur.jpg ) With a core aim to provide highly feasible and cost-efficient sales solution to the start-ups, SMEs and MNCs, Avenue Growth has been acknowledged for its gigantic leap in hiring professionals. Avenue Growth is a Customer Acquisition Sales Solution platform, which helps to stimulate the growth of companies through an on-demand direct sales force. A complete sales solution along with a zero risk model is offered to the companies for expansion by the Growth Specialists. Steadfast for a revolution in Sales outsourcing, Rachit Mathur, CEO, Avenue Growth, wants to lead a change in the way sales ...

Barometers trade with modest gains

The market pared gains and traded with modest gains in early afternoon trade. At 12:30 IST, the barometer index, the S&P BSE Sensex, was up 164.22 points or 0.46% at 35,516.83. The Nifty 50 index was up 55.10 points or 0.52% at 10,659.45. Positive cues from other Asian stocks boosted investors sentiment.

Tencent says 2018 was best year for investments, looks for more

HONG KONG (Reuters) - China's Tencent Holdings has provided a detailed review of its investment performance for the first time, saying 2018 was its best year and vowing to look for more opportunities despite a challenging outlook and concerns it is losing focus.