Page 871 - Business Finance
Indian firms adopting 3DEXPERIENCE platform in big way: Dassault Systemes CEO
Big players in the Indian construction and general mechanics sectors are looking to embrace experience platforms in a big way, says French global 3DEXPERIENCE giant Dassault Systemes's Vice Chairman and CEO Bernard Charles.
Aluminium futures up 0.46% on spot demand, global cues
Aluminium prices inched up 0.46 per cent to Rs 131.40 per kg in futures trade Tuesday as speculators created fresh positions amid positive trend overseas. At the Multi Commodity Exchange, aluminium for delivery in March edged up by 60 paise, or 0.46 per cent, to Rs 131.40 per kg in 4,921 lots. Analysts said building up of positions by participants on the back of rising demand from consuming industries in the physical markets, coupled with positive global cues, attributed to the rise in aluminium prices.
Silver futures surge 0.06% on upbeat demand
Silver futures traded higher by 0.06 per cent at Rs 40,194 per kg Tuesday after speculators raised bets, driven by a firm trend overseas. Silver for delivery in March traded higher by Rs 24, or 0.06 per cent, at Rs 40,194 per kg in a business turnover of 13,328 lots at the Multi Commodity Exchange. In a similar manner, the white metal to be delivered in May rose by Rs 20, or 0.05 per cent, to Rs 40,766 per kg in 4,124 lots. Analysts said widening of positions by traders in sync with a firm trend on global markets for precious metals influenced silver prices at futures trade here. In the international market, silver traded higher at USD 15.78 an ounce in Singapore Tuesday.
National Aluminium Company Ltd up for third straight session
National Aluminium Company Ltd is quoting at Rs 49.8, up 1.43% on the day as on 12:49 IST on the NSE. The stock is down 26% in last one year as compared to a 3.33% spurt in NIFTY and a 32.05% spurt in the Nifty Metal index.
Oil & Natural Gas Corpn Ltd rises for third consecutive session
Oil & Natural Gas Corpn Ltd is quoting at Rs 139.85, up 2.01% on the day as on 12:49 IST on the NSE. The stock is down 25.21% in last one year as compared to a 3.33% spurt in NIFTY and a 6.16% spurt in the Nifty Energy index.
Tata Motors Ltd spurts 1.44%, gains for fifth straight session
Tata Motors Ltd is quoting at Rs 165.25, up 1.44% on the day as on 12:44 IST on the NSE. The stock is down 55.25% in last one year as compared to a 3.25% jump in NIFTY and a 25.73% jump in the Nifty Auto.
Government Announces Sale Of Four Dated Securities For Rs 12,000 Crore
Government of India has announced the Sale (Re-issue) of (i) 7.32% Government Stock, 2024 for a notified amount of Rs 3,000 crore (nominal) through price based auction, (ii) 7.26 per cent Government Stock, 2029 for a notified amount of Rs 4,000 crore (nominal) through price based auction, (iii) 8.24% Government Stock, 2033 for a notified amount of Rs 2,000 crore (nominal) through price based auction, and (iv) 8.17% Government Stock, 2044 for a notified amount of Rs 3,000 crore (nominal) through price based auction. Subject to the limit of Rs 12,000 crore, being total notified amount, GoI will have the option to retain additional subscription up to Rs. 1,000 crore each against any one or more of the above securities. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on February 22, 2019 (Friday).
Kuroda flags BOJ's readiness to ease further, yen slips
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path towards achieving its 2 percent inflation target.
Oil futures dip on mixed global trend
Crude oil futures eased by Re 1 to Rs 4,049 per barrel as speculators were engaged in reducing their exposure amid a muted trend overseas. At the Multi Commodity Exchange, crude for delivery in March was trading lower by Re 1, or 0.03 per cent, at Rs 4,049 per barrel in a business turnover of 5,761 lots. The oil for delivery in April fell by Rs 2, or 0.05 per cent, to Rs 4,092 a barrel in 182 lots. Traders said a mixed trend in global market over a gloomy growth forecast and trade tensions arising from US-China ties weighed on the crude prices here, despite OPEC affirming supply cut. However, the West Texas Intermediate crude gained 0.70 per cent to USD 55.98, while Brent crude, the international benchmark, gained 0.03 per cent to USD 66.52 per barrel at the New York Mercantile Exchange.
Indian Oil signs $ 1.5 billion deal for import of US crude
Indian Oil Corporation has signed a 1.5 billion dollar deal to buy oil from the United States in an effort to reduce dependence on traditional suppliers."Indian Oil has finalised a term contract for import of up to 3 million tonnes of crude oil of US origin grades as a part of its strategy to diversify term crude sources," the company said in a statement."This is the first term contract finalised by any Indian PSU oil company for import of US-origin crude oil grades," it said on Monday, a day before the Crown Prince of Saudi Arabia begins his India visit.The approximate value of the contract beginning April works out to 1.5 billion dollars. The contract was finalised on February 15, said Indian Oil.Government-owned refiners have purchased US oil earlier in the spot market. Indian Oil's annual purchase agreement signals a firm entry for the United States into India's suppliers club.The move can have repercussions for traditional suppliers such as Saudi Arabia, Kuwait and Iraq.
India's fuel demand rose 6.4 percent year-on-year in January
NEW DELHI, (Reuters) - India's fuel demand rose 6.4 percent in January compared with the same month last year.
Gold stays near 10-month peak; Palladium scales new high
(Reuters) - Gold prices hovered near 10-month highs on Tuesday as optimism around U.S.-China trade discussions dimmed the dollar's appeal, while palladium struck a record high on supply concerns.
Maruti's compact SUV Vitara Brezza crosses 4-lakh sales milestone
The country's largest carmaker Maruti Suzuki India Tuesday said its compact SUV Vitara Brezza has crossed the 4 lakh units' sales milestone in less than three years of launch. In the ongoing fiscal, the company said, the model has grown at an average of 7 per cent with a monthly average of sales of 14,675 units. "The benchmark success of Vitara Brezza with over 4 lakh customers in less than three years is a testimony of the customers' increasing preference towards the refreshed design and innovative features of the compact SUV," Maruti Suzuki India Senior Executive Director (Marketing and Sales) R S Kalsi said in a statement. The Vitara Brezza was launched in March 2016. Out of the total sales of the model so far, MSI said the automatic gear shift (AGS) variant has accounted for 20 per cent after its introduction in May 2018. As on date, the Vitara Brezza commands 44.1 per cent market share in the compact SUV segment, MSI claimed. The segment stood at around 3 lakh units in ...
Aditi Named One of the Best Workplaces in 2019 by Great Place to Work
/ -- Aditi, a leading technology and talent solutions company, has been recognized as one of India's "Great Places to Work" for the second consecutive year by the Great Place to Work Institute, strengthening its position as one of the most rewarding companies to work for. "It's truly an honor to be identified as industry leaders in cultivating a great culture. Every Aditian carries with them distinguished talent. Together, they form a team so strong that it contributes effectively to a beautiful working environment," said Raja Narayana, CEO of Aditi. Every year, more than 10,000 organizations from over 58 countries partner with Great Place to Work Institute for assessment, benchmarking and planning actions to strengthen their workplace culture. According to the 2019 Great Place to Work survey, Aditi's employees feel like they are part of a community that encourages self-learning and personal development. They feel constantly engaged in an environment that fosters inclusion and ...
Benchmarks hold gains; cement shares rise
Key barometers were trading in narrow range with modest gains in early afternoon trade. At 12:17 IST, the barometer index, the S&P BSE Sensex, was up 137.65 points or 0.39% at 35,636.09. The Nifty 50 index was up 36.35 points or 0.34% at 10,677.30.
Gold futures up Rs 12 on global cues
Gold prices rose by Rs 12 to Rs 33,620 per 10 gram in futures trading Tuesday 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, at Rs 33,620 per 10 gram in a business turnover of 16,932 lots. Similarly, the delivery for far-month June for the yellow metal was up by Rs 19, or 0.06 per cent, at Rs 33,830 per 10 gram with a business volume of 6,318 lots. Analysts said raising of bets by participants on positive cues from global market, mainly pushed up gold prices at futures trade here. Globally, gold rose 0.38 per cent to trade at USD 1,323.14 an ounce in Singapore.
PeopleStrong Becomes the Most Open and Connected HR Technology Company Globally
/ -- Launches four new products to deliver the promise With a stellar product launch that introduced the world of open, connected technology at work, PeopleStrong the largest HRTech company from Asia, today became the most open and connected HR Technology company. The company launched four products, each one of which aims at removing the complexities and rigidities, which are currently synonymous with traditional enterprise technologies used at work. With this PeopleStrong became the first HR tech company globally to achieve this amazing feat. The four products launched are Alt Messenger - the new way of productive teams to connect, collaborate and celebrate; Alt Analytics - a comprehensive Work and Workforce Analytics product, which uses the power of data lake to provide a unified view of business data from multiple sources and actionable insights; Alt Builder - the first PaaS product for work tech, using which business users can create their apps on the go without having to depend .
Ansal Housing Ltd leads gainers in 'B' group
Kanani Industries Ltd, Tourism Finance Corporation of India Ltd, N K Industries Ltd and Mangalam Timber Products Ltd are among the other gainers in the BSE's 'B' group today, 19 February 2019.
Maruti Suzuki Vitara Brezza touches 4 lakh sales mark in less than 3 years
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SUV Vitara Brezza clocks fastest 4 lakh cumulative sales in less than 3 years
Maruti Suzuki said on Tuesday that cumulative sales of Vitara Brezza has set a new record in the compact SUV segment and touched the 4 lakh units mark in less than three years."Vitara Brezza with its sporty and glamourous traits has struck the right chord with Indian customers," said R S Kalsi, Senior Executive Director for marketing and sales at Maruti Suzuki."The dual-tone colour option in Vitara Brezza is highly appreciated by its customers. Indeed, Vitara Brezza has transformed the compact SUV landscape in India."Vitara Brezza leads the compact SUV segment with a market share of over 44 per cent. With a sales growth of 7 per cent, its monthly sales average works out to 14,675 units."The benchmark success of Vitara Brezza with over 4 lakh customers in less than three years is a testimony of the customers' increasing preference towards the refreshed design and innovative features of the compact SUV," said Kalsi..