Page 860 - Business Finance
Global Markets: Asian shares scale 4-1/2-month peak on hopes of U.S.-China trade deal
TOKYO (Reuters) - Asian stocks advanced to 4-1/2-month highs on Wednesday as investors bet that Chinese and U.S. trade negotiators would be able to secure a deal to de-escalate their year-long tariff war.
Hyderabad sees highest 8 pc rise in office rent during Oct-Dec 2018, says study
Office rentals rose the most in Hyderabad during the fourth quarter of 2018 at 8 per cent, followed by Bengaluru with a 5 per cent rise, property consultant Colliers said Wednesday. The consultant found that key locations in Bengaluru, Hyderabad, Chennai and Kolkata made it to the list of top 10 micromarkets, which witnessed maximum rental increase in the range of 7.1-16.3 per cent during October-December 2018. "In Q4, the overall rental values increased by 2.5 per cent YoY (year-on-year) across major cities against a backdrop of buoyant leasing and decline in new supply," said Ritesh Sachdev, Senior Executive Director (Occupier Services), Colliers International India. Hyderabad noted the highest increase in rental values at 8 per cent followed by Bengaluru where rents climbed by 5 per cent, he added. "India witnessed a gross leasing activity amounting to 50 million sq ft in 2018 across major seven cities, highest in past eight years driven by buoyant leasing in Bengaluru and ...
Oil Country Tubular Ltd leads gainers in 'B' group
Tejas Networks Ltd, Manaksia Coated Metals & Industries Ltd, B.L.Kashyap & Sons Ltd and Alphageo (India) Ltd are among the other gainers in the BSE's 'B' group today, 20 February 2019.
India an investment priority for Saudi Aramco - CEO
NEW DELHI (Reuters) - Saudi Aramco said on Wednesday that investing in India is a priority for the company, and it expects the country's oil demand to rise to 8.2 million barrels per day by 2040.
Minda Industries Ltd leads gainers in 'A' group
Navkar Corporation Ltd, KPIT Technologies Ltd, Indo Count Industries Ltd and Jindal Steel & Power Ltd are among the other gainers in the BSE's 'A' group today, 20 February 2019.
IT raids at Bhopal road contractor's properties continue for second day
The Income Tax (IT) department on Wednesday continued raids for the second day at four locations, including house and office, of a road contractor Nilay Jain, in Bhopal's Arera Colony.According to IT sources, the sleuths seized Rs 1 crore in cash from his house, Rs 70 Lakh from bank locker and jewellery worth Rs 70 lakh (approximately) after raiding the properties of the road contractor on Tuesday in Bhopal.The IT sleuths made the recovery after raiding four locations of Jain.According to reports, the contractor had been associated with several important road projects of the Madhya Pradesh government in the past.
Maharashtra Seamless shines after resolution plan for acquisition
Maharashtra Seamless rose 2.1% to Rs 442 at 11:45 IST on BSE after the company made payment of Rs 477 crore for acquisition of United Seamless Tubulaar.
Sensex, Nifty join Asian rally; RIL, Infosys drive gains
(Reuters) - Indian shares edged higher on Wednesday, taking cues from other Asian stocks that rallied to 4-1/2-month highs, as investors bet the latest round of talks between the United States and China would yield a trade deal, putting an end to a protracted tariff war.
E-comm FDI policy changes haven't shaken confidence in India: Walmart
US retail major Walmart said it is "disappointed" with recent changes in FDI policy for e-commerce firms in the country, and hopes for a collaborative regulatory process going forward which results in a level-playing field. The Bentonville-based retailing major, which invested USD 16 billion in Flipkart, said the changes in foreign direct investment (FDI) norms it has not shaken its confidence and excitement about the Indian market, and it remains optimistic about e-commerce opportunity in the country. Tightening norms for e-commerce firms having foreign investment, the government, from February 1, barred online marketplaces like Flipkart and Amazon from selling products of companies where they hold stakes and banned exclusive marketing arrangements that could influence product price. "In India, we remain optimistic about the e-commerce opportunity, given the size of the market, the low penetration of e-commerce in the retail channel, and the pace at which it's growing," Walmart, Inc.
Sensex gains over 250 points on strong global cues
Equity indices opened on a positive note on Wednesday with virtually all sectoral indices trading in the green led by realty, energy, metal, infrastructure, pharma and FMCG scrips.It was a strong start for the indices which got a boost on cues from Asian markets as well.At 11:15 am, the BSE Sensex was up 264 points at 35,617 while the Nifty 50 was trading 81 points higher at 10,685.Yes Bank, Indiabulls Housing Finance, Vedanta, Tata Steel, Power Grid, Dr Reddy's Lab and Bajaj Finserv were among major gainers. The losers include Zee Entertainment, Reliance Capital, Bajaj Capital and Hero Motorcorp.Meanwhile, Asian stocks advanced to four-and-a-half month highs as investors were optimistic about talks between US and Chinese trade negotiators.On Tuesday, US President Donald Trump said trade talks with China were going well and he was open to extending the March 1 deadline to complete negotiations.
Benchmarks trim gains; state-run banks advance
The market came off day's high in mid-morning trade. At 11:20 IST, the barometer index, the S&P BSE Sensex, was up 210.57 points or 0.60% at 35,563.18. The Nifty 50 index was up 64.80 points or 0.61% at 10,669.15. Positive cues from other Asian stocks boosted investors sentiment.
Cabinet approves MoU between India and Vietnam in communications field
Strengthens bilateral cooperation and mutual understanding in the field of communications
Cabinet approves proposal of National Policy on Electronics 2019
Aims to position India as a global hub for Electronics System Design and Manufacturing
Cabinet approves Cadre Review of 8 organized Group 'A' Services in Railways
Cadre Review pending since 2012 and benefits 900 officers of these services
Supreme Court finds Anil Ambani guilty of contempt in Ericsson case
NEW DELHI (Reuters) - India's Supreme Court said on Wednesday that Reliance Communications chairman Anil Ambani wilfully did not pay 5.5 billion rupees to Swedish telecom equipment maker Ericsson, holding him guilty in a contempt of court case.
Tencent says it will not scale back on investments this year
HONG KONG (Reuters) - China's Tencent Holdings will not scale back on investments this year after a record high of 16 companies it invested in launched IPOs last year, President Martin Lau said at a closed-door investor conference in Beijing.
Pune Chooses Sensus iPERL Meters to Deliver its Pioneering 24x7 Water Project
/ -- Smart Water Technology will ensure continuous water supply and increased operational efficiency Sensus, a Xylem brand, has been selected as Larsen & Toubro's (L&T) technology partner to ensure the successful implementation of Pune Municipal Corporation's (PMC) innovative 24x7 water distribution project. Aiming to supply continuous water supply and significantly reduce water loss, PMC has invested in over 275,000 Sensus iPERL smart water meters to monitor, measure and manage activity across its network. As the first city in India to implement a programme aligned to the country's Smart City Mission, PMC was motivated by the exponential growth in its population over the last decade and subsequent strain on its water supply. In order to meet the growing demand and future-proof against a potential water crisis, PMC launched its water distribution project to ensure it could deliver continuous water supply to its inhabitants. Commenting on the deployment, Mr. V. G. Kulkarni, ...
Volumes jump at Tube Investments of India Ltd counter
Tube Investments of India Ltd saw volume of 5.97 lakh shares by 10:49 IST on BSE, a 95.4 fold spurt over two-week average daily volume of 6257 shares
Supreme Court finds Anil Ambani guilty on contempt in Ericsson case
NEW DELHI (Reuters) - India's Supreme Court said on Wednesday that Reliance Communications chairman Anil Ambani willfully did not pay 5.5 billion rupees to Swedish telecom equipment maker Ericsson, holding him guilty in a contempt of court case.
In sharp U-turn, monetary policy easing back in play across Asia
HONG KONG (Reuters) - A slowing global economy and increasing strain on businesses from a year-long Sino-U.S. trade war are tilting central banks from Japan to Australia towards monetary easing in a remarkable 180 degree turn.