Page 861 - Business Finance
China to expand agriculture reforms to bolster rural economy
BEIJING (Reuters) - China will deepen reforms of its agriculture sector to promote its rural economy, the government said in its first policy statement of 2019, as it seeks to bolster growth and offset trade challenges.
Intuition Systems IVEPOS is Re-Inventing Brick-Mortar Stores in Retail Industry 4.0
/ -- The 4th Industrial revolution (Industry 4.0) is the age of artificial intelligence (AI), robotics, automation, and biotechnology built on the foundation of the previous digital age which has generated and continues to generate large scale datasets. The objective of Retail 4.0 is to analyze this data explosion, to create intelligent machines with a certain level of perception, cognition and intuition to derive actionable insights that can significantly improve the business operations and handling, increase revenues, reduce inefficiency, uncover hidden patterns, offer personalized customer solution. Bangalore, India based Intuition Systems IVEPOS for Restaurant POS and Retail POS is one such example for intuitive machines. The complexity, data, security aspects of the business naturally took Intuition Systems towards integrating machine learning, automation and intuitive user experience in their IVEPOS system. (Logo: ...
Oil slips away from 2019 highs as surging US supply undermines OPEC cuts
SINGAPORE (Reuters) - Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington's sanctions on Iran and Venezuela.
Cabinet approves continuation of Pradhan Mantri Awaas Yojana - Gramin beyond March 2019 (PMAY-G Phase-II)
Target for construction of 1.95 crore houses under PMAY-G Phase-II upto 2022
Strong market breadth
Key equity indices were trading near day's high in morning trade. At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 217.34 points or 0.61% at 35,569.95. The Nifty 50 index was up 69.65 points or 0.66% at 10,674.
Cabinet approves policy for reforms in exploration and licensing policy in oil and gas
Aims to attract new investment in Exploration and Production (E&P) Sector
Cathay Pacific sees 2018 profit beating expectations, shares surge
(Reuters) - Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it expected to swing to an annual profit of about HK$2.3 billion ($293.05 million) for 2018, more than double analyst estimates, as it undertakes a turnaround plan.
Cathay Pacific sees 2018 profit beating expectations on turnaround plan
(Reuters) - Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it expected to swing to an annual profit of about HK$2.3 billion ($293.05 million) for 2018, more than double analyst estimates, as it undertakes a turnaround plan.
Essel Propack gains after receiving funds
Essel Propack rose 0.87% to Rs 115.80 at 09:46 IST on BSE after the company received Rs 40 crore towards repayment of outstanding dues of inter corporate deposit.
Sak Abrasives Inc. Acquires Buffalo Abrasives Inc.
/ -- Sak Abrasives Inc., a wholly owned subsidiary of Sak Industries Private Ltd., announced its acquisition of Buffalo Abrasives Inc. located in Buffalo, New York, USA. (Logo: https://mma.prnewswire.com/media/823261/Sak_Abrasives_Inc_Logo.jpg ) Buffalo Abrasives is a leading U.S.-based manufacturer of resin bonded grinding wheels. The company has been a fourth-generation family-owned and family run business with a state-of-the-art manufacturing plant in Buffalo, New York. The company caters mainly to the North American market with distribution spread across the entire continental U.S. The company boasts of many loyal customers in the automotive, oil and gas, aerospace, steel and bearing industries. Commenting on the acquisition, Jeff Binkley, Co-founder and CEO - Buffalo Abrasives Inc said, "We are very excited to be partnering with such an innovative and talented company. Sak Abrasives offers additional capabilities, products and expertise to Buffalo Abrasives. It is gratifying ...
Cathay Pacific expects to post 2018 profit double analyst estimates
(Reuters) - Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it expected to swing to an annual profit of about HK$2.3 billion ($293.05 million) for 2018, more than double analyst estimates, as it undertakes a turnaround plan.
U.S. Fed says minutes to be released on time as offices close
SYDNEY (Reuters) - The U.S. Federal Reserve said minutes of its January policy meeting would be released on Wednesday as scheduled though its offices in Washington would be closed due to bad weather.
Majesco advances after partnering with APL
Majesco rose 4.17% to Rs 459.85 at 09:25 IST on BSE after the company announced that American Public Life Insurance Company has selected Majesco L&A and Group Core Suite platform.
Oil & Natural Gas Corpn Ltd Surges 1.8%, S&P BSE Oil&Gas index Gains 1.12%
Oil & Natural Gas Corpn Ltd has lost 2.25% over last one month compared to 2.97% fall in S&P BSE Oil&Gas index and 2.89% drop in the SENSEX
Rupee rises 3 paise to 71.31 vs USD
The rupee inched up 3 paise to 71.31 against the US dollar in early trade Wednesday even as foreign fund outflows continued amid firming oil prices. At the Interbank Foreign Exchange (forex) market, the domestic unit opened strong at 71.29 but gave up the gains to trade at 71.31. The rupee had closed at 71.34 versus the greenback Monday. Money markets were closed Tuesday on account of Chhatrapati Shivaji Jayanti. Foreign institutional investors (FIIs) remained in sell-off mode, offloading shares worth a net Rs 813.76 crore Tuesday, while domestic institutional investors (DIIs) bought equities to the tune of Rs 1,163.85 crore, provisional data showed. Brent crude futures, the global oil benchmark, was trading 0.14 per cent higher at USD 66.54 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, was marginally down by 0.01 per cent at 96.51. Meanwhile, the benchmark BSE Sensex rose after nine straight sessions of fall. It rebounded ...
Sensex jumps over 250 pts; metal stocks rally
The BSE benchmark Sensex rallied over 250 points in early trade Wednesday as metal, banking and realty stocks soared amid sustained buying by domestic institutional investors. Positive cues from other Asian markets too buoyed mood on Dalal Street. The 30-share index was trading 269.24 points, or 0.76 per cent, at 35,621.85. Similarly, the 50-share NSE Nifty rose 74.40 points, or 0.70 per cent, to 10,678.75. The Sensex had settled 145.83 points lower at 35,352.61 in the previous session, while the Nifty had fallen 36.60 points to 10,604.35. Top gainers in the Sensex pack on Wednesday include ONGC, Vedanta, Yes Bank, Bajaj Finance, Axis Bank, Sun Pharma, L&T, Tata Steel, HDFC, Reliance and Bharti Airtel, rising up to 2.12 per cent. On the other hand, HCL Tech, Hero MotoCorp, Bajaj Auto and M&M were the losers, falling up to 0.76 per cent. According to traders, investor sentiment was positive on strong buying by domestic institutional investors (DIIs). On a net basis, DIIs were ..
Japan's exports fall most in 2 years as China shipments weaken
TOKYO (Reuters) - Japan's exports posted their biggest decline in more than two years as China-bound shipments tumbled, fuelling concerns about slowing global demand as the business mood sours and orders for the country's machinery goods fell sharply.
China's steel, iron ore fall on weak demand concerns
BEIJING (Reuters) - China's construction steel futures fell on Wednesday, as investors remained cautious about the strength of post-holiday demand from downstream users.
Nissan to oppose having same chair as Renault: FT
(Reuters) - Nissan Motor Co Ltd's independent committee on governance is expected to recommend against the company having the same chairman as Renault SA, the Financial Times reported https://www.ft.com/content/a854ca66-3462-11e9-bd3a-8b2a211d90d5 on Wednesday, citing people with knowledge of the discussions.
Market rises on positive Asian cues
Key benchmark indices were trading higher in early trade, mirroring positive Asian stocks. At 9:22 IST, the barometer index, the S&P BSE Sensex, was up 245.33 points or 0.69% at 35,597.94. The Nifty 50 index was up 64.95 points or 0.61% at 10,669.30.