Page 9 - Business Finance
Government Announces Sale Of Five Dated Securities For Rs 17000 Crore
The Government of India has announced the Sale (Re-issue) of (i) 7.00% Government Stock, 2021' for a notified amount of Rs 3,000 crore (nominal) through price based auction, (ii) 7.27% Government Stock, 2026' for a notified amount of Rs 3,000 crore (nominal) through price based auction,(iii) Government of India Floating Rate Bonds, 2031 for a notified amount of Rs 5,000 crore (nominal) through price based auction, (iv) 7.62% Government Stock, 2039 for a notified amount of Rs 2,000 crore (nominal) through price based auction, and (v) 7.63% Government Stock, 2059 for a notified amount of Rs 4,000 crore (nominal) through price based auction.
Emami Ltd leads gainers in 'A' group
Torrent Power Ltd, IFCI Ltd, Cox & Kings Ltd and Manappuram Finance Ltd are among the other gainers in the BSE's 'A' group today, 25 June 2019.
Gross NPAs of PSBs declines to Rs 8.06 lakh crore end March 2019: FM
PSBs have recovered Rs 359496 crore in last four financial years including record recovery of Rs 123156 crore in 2018-19
Moderate growth in air passenger markets, but weak air cargo demand
Preliminary traffic figures for May released on Tuesday by the Association of Asia Pacific Airlines (AAPA) showed moderate growth in international air passenger markets with sustained regional economic expansion supporting business and leisure travel markets.However, air cargo demand fell further as export activity continued to slow in the face of challenging business conditions.A combined total of 30.4 million international passengers were carried by Asia Pacific airlines in May, reflecting a 4.4 per cent increase compared to the same month last year.Demand in revenue passenger kilometres (RPK) grew by 4.5 per cent year-on-year, surpassing the 3.6 per cent increase in available seat capacity, resulting in a 0.7 percentage points increase in the average international passenger load factor to reach 78.5 per cent for the month.The wider imposition of trade tariffs dampened demand and affected global supply chains, leading to declines in new export orders. Consequently, the region's ...
RBL Bank allots 3.95 lakh equity shares under ESOP
Consequent to the above allotment, the paid up share capital of the Bank has increased from 42,73,18,817 equity share of Rs. 10 each aggregating Rs. 4,27,31 ,88,170 to 42,77,13,969 equity shares of Rs. 10 each aggregating Rs. 4,27,71 ,39,690.
Qatar to invest USD 3 bn in cash-strapped Pakistan
Qatar has decided to invest USD 3 billion in cash-strapped Pakistan to help the latter in shoring up its crumbling economy.This was announced on Monday after a two-day visit of Qatar's Emir Sheikh Tamim Bin Hamad Al Thani to Pakistan as the Imran Khan-led government continues to battle a ballooning balance-of-payment crisis."Upon the directives of HH the Amir Sheikh Tamim bin Hamad Al-Thani, HE Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani announced new investments in the form of deposits and direct investments in the Islamic Republic of Pakistan worth a total of USD 3 billion," the Qatar News Agency said.With this new investment package, the size of the Qatari-Pakistani economic partnership will amount to USD 9 billion, it said.Taking to Twitter, Abdul Hafeez Sheikh, the Pakistan Prime Minister's financial adviser, said, "Want to thank the Emir of Qatar HRH Sheikh Tamim Bin Hamad Al Thani for announcing US $3 Billion in #deposits and ..
Mold-Tek Packaging spurts on fresh buying interest
Mold-Tek Packaging was up 5.94% at Rs 254.90 at 11:10 IST on the BSE on a sudden buying interest.
Zinnov Says the Media & Entertainment Market, Currently Pegged at USD 1.7 Tn, Will Grow to Touch USD 2.4 Tn by 2023
/ -- - The overall market is expected to witness a growth of 7.1% YoY growth till 2023 - Broadcasting is the largest M&E market segment at USD 441 Bn and accounts for more than one-fourth of the overall market - Spend on digital engineering initiatives is pegged at USD 4 Bn and is expected to grow 3X to reach USD 11 Bn by 2023 Zinnov, a leading global management consulting firm, released its findings from the study on the Global Media & Entertainment Service Provider landscape titled, "Zinnov Zones for Media, Communications and Technology - 2019." The study analyzed the global M&E Service Provider landscape and evaluated services companies on their prowess across multiple sub-segments and technology areas. The study provides a 360-degree view of the Media & Entertainment landscape, covering key technology trends that are driving transformation in the space (OTT, blockchain, AR/VR, etc.). The key market segments evaluated include -Broadcasting, Entertainment, ...
87% of IT Decision Makers Plan to Increase Their Analytics Workforce in the Next One Year
/ -- Data Science Leaders Outlook In India 2019, now in its fifth edition by Analytics India Magazine and Simplilearn measures the analytics leaders' sentiment around the maturity level of Data Science in organisations, investment in analytics tools, talent and the companies' focus on decision-making business outcomes. (Logo: https://mma.prnewswire.com/media/690836/Analytics_India_Magazine_Logo.jpg) The report takes stock of the analytics landscape in India and how enterprises have moved up the analytics maturity index. The disruptions that came in waves have now clearly matured and business leaders today are making big bets on emerging technologies such as AI and machine learning. The report captures the C-level strategy and investment outlook and how business leaders are using data and analytics to redefine the future value chains related to products, business models and the current market. The changing dynamics have also brought into question the need for talent, that will be the .
Volumes spurt at ERIS Lifesciences Ltd counter
ERIS Lifesciences Ltd registered volume of 5384 shares by 10:49 IST on BSE, a 12.7 fold spurt over two-week average daily volume of 424 shares
HDIL spurts after promoter hikes stake
HDIL spurted 12.78% to Rs 17.65 on the BSE after the company announced that it allocated shares to one its promoters towards conversion of share warrants.
Mixed finish for US stocks
Dow manages to eke out small gains
Piramal plans to sell all 20 pc stake in Shriram Capital
Piramal Enterprises is looking to sell its entire 20 per cent stake in Shriram Capital, the financial services arm of the Shriram group.The plan intends to raise growth capital for its financial services vertical."As a part of the long term strategy of the company to fund the growth of its financial services business, the company is evaluating the feasibility of sale of the entire (effective 20 per cent) stake held by the company in Shriram Capital Limited," the company in a statement.The proposed transaction will be subject to receipt of necessary approvals, including the approval of the company's board of directors at the appropriate stage, Piramal added.Piramal had acquired a 20 per cent stake in Shriram Capital in 2014 for Rs 2,014 crore. Details on the proposed sale in terms of valuation are still awaited.Earlier this month, the company had sold 9.96 per cent stake in Shriram Transport Finance in the secondary market. Further, Piramal Enterprises has 10 per cent stake in Shriram .
Eris Lifesciences gains on mulling buyback
Eris Lifesciences was up 1.48% to Rs 519.90 at 10:01 IST on the BSE after the company said its board will consider share buyback on 3 July 2019.
Stocks drift lower in absence of fresh triggers
Equity benchmark indices drifted lower on Tuesday with reports of a delay in the arrival of monsoon and weak global cues.At 10:15 am, the BSE S & P Sensex was down 4.8 points at 39,118 while the Nifty 50 slipped 3.7 points to 11,696. Most sectoral indices at the National Stock Exchange were in the red. Nifty IT, realty and pharma were the prominent losers.Among stocks, Bharti Infratel traded over 2 per cent lower while Zee Entertainment was down 1.7 per cent. HCL Tech, Sun Pharma and UPL also traded in the red.Those which showed some gains were Bharat Petroleum, Indian Oil, Vedanta, ONGC and JSW Steel.Meanwhile, Asian stock markets showed mixed trends with little direction from a lacklustre US session. Shares fell in China and Hong Kong, fluctuated in Japan but were up in South Korea.Investors awaited US-China trade talks on the sidelines of upcoming G-20 meeting later this week in Japan. Rising geopolitical tensions between the United States and Iran also kept the investors
In slow real estate market, builders woo buyers with green, smart homes
Big builders across the country, including DLF Ltd, Godrej Properties, are selling the promise of better living
 "In slow real estate market, builders woo buyers with green, smart homes")
Power Grid Corporation of India to form JV with NTPC
To undertake distribution of electricity
MindCraft Partners With Automation Anywhere to Propel RPA in the Financial Services Industry
/ -- MindCraft, a global software services organization with keen focus on the financial services industry, announced a partnership with Automation Anywhere, the global leader in Robotic Process Automation (RPA). MindCraft has joined forces with Automation Anywhere to offer benefits of RPA to customers in the financial services industry, helping them improve efficiency and reduce operational costs. (Logo: https://mma.prnewswire.com/media/928239/MindCraft_Automation_Anywhere_Logo.jpg ) "The financial services ecosystem represents an ideal environment for automation and the digital workforce to free up human capital. Our partnership with MindCraft is immensely exciting as it will enable us to deploy RPA solutions in a complex industry and help integrate the transformative power of automation initiatives. We're confident that this partnership can herald an exciting new age in the financial services domain, and we're eager to witness its impact," said Milan Sheth, Executive ...
Rupee rises 13 paise to 69.22 vs US dollar in early trade
The rupee appreciated by 13 paise to 69.22 against the US dollar in opening trade Tuesday, driven by easing crude oil prices and weakening of the US dollar in the overseas market. The rupee opened strong at 69.32 at the interbank forex market then gained further ground to touch 69.22 per dollar, displaying gains of 13 paise against the greenback. On Monday, the rupee had settled at 69.35 against the US dollar. Forex dealers said foreign fund inflows and selling of the American currency by exporters supported the rupee. Foreign investors bought shares worth Rs 207.33 crore on a net basis on Monday, provisional data showed. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.04 per cent to 95.93. The benchmark BSE Sensex was trading 128.28 points, or 0.33 per cent down to quote at 38,994.68 while the NSE Nifty was trading at 11,666.30, down 33.35 points, or 0.29 per cent. Brent crude, the global benchmark, was trading at 64.25 per barrel ...
MSB (Erstwhile Maritime Bank) Elevates Customer Experience With SunTec Xelerate
/ -- Introduces new capabilities to deploy Product Customization, Relationship-based Exception Pricing, Offer Management, and Fee Collection Automation SunTec, the leader in revenue management, relationship-based pricing, billing, and customer experience orchestration, announced the successful rollout of Customer Centricity System, powered by SunTec Xelerate, at MSB (formerly known as Maritime Bank), Vietnam. This implementation will further empower MSB with additional capabilities to innovate, offer and effectively manage customer centric products & services for each target segment as well as bring delight for its valuable customers through personalized offers at a customer level. (Logo: https://mma.prnewswire.com/media/927544/SunTec_Logo.jpg ) MSB aims to bring the best experience to customers and is investing heavily in digital transformation. The bank views digital transformation as a critical tool to understand customer's needs better, serve them seamlessly, and provide ...
