Page 91 - Business Finance
Will Singapore continue to be India's largest foreign investor?
Singapore, June 10 (ANI): After coming in second to Mauritius for two years, Singapore regained top spot as India's largest source of Foreign Direct Investment (FDI) in the 2018-19 financial year, which ended in March. For the last fiscal, USD 16.2 billion of foreign investment originated from the island republic.This is according to the latest report just published by India'sDepartment for Promotion of Industry and Internal Trade (DPIIT).Mauritius, which came in second with USD 8 billion of investments in 2018-19, was the top source of FDI for financial years 2016-17 and 2017-18 with USD 15.7 billion and USD 15.9 billion respectively.The last time Singapore emerged as the top investment source was in 2015-16 with USD 13.7 billion. Mauritius was second that year with USD 8.4 billion. Investments from Singapore stood at USD 8.7 billion for 2016-17 and USD 12.2 billion for 2017-18.That Singapore has emerged as the largest source of FDI into India for two of the last four years is a ...
Japan Nikkei rises to near two-week highs
All 33 subsectors of the Topix's were in positive territory, with Textiles & Apparels, Oil & Coal Products, Electric Appliances, Precision Instruments, Mining, and Pulp & Paper issues being notable gainers.
Reliance Power tumbles after dismal Q4 result
Reliance Power was down 13.78% to Rs 5.32 at 10:18 IST on the BSE, after the company reported a consolidated net loss of Rs 3559.52 crore in Q4 March 2019 as compared to net profit of Rs 188.20 crore in Q4 March 2018.
Gold futures down 0.84% on profit-booking
Gold prices fell 0.84 per cent to Rs 32,660 per 10 gram in futures trade Monday amid profit-booking by speculators at current levels. On Multi Commodity Exchange, gold for delivery in August contracts was down by Rs 276, or 0.84 per cent, to Rs 32,660 per 10 gram in a business turnover of 16,463 lots. Similarly, the metal for delivery in October contracts shed Rs 293, or 0.89 per cent, to Rs 32,805 per 10 gram in 1,844 lots. Analysts attributed the fall in prices to trimming of positions by participants at the spot market. Globally, the yellow metal prices mellowed after the United States dropped its threat to impose tariffs on Mexico, say reports. Meanwhile, gold futures gained 1.11 per cent to USD 1,331.10 an ounce in New York.
RPower shares plunge nearly 24 pc post Q4 results; other group stocks tumble too
Shares of Reliance Power tumbled nearly 24 per cent Monday after the company reported a loss of Rs 3,558.51 crore for the quarter ended March 31. The scrip plunged 23.66 per cent to Rs 4.71 -- its 52-week low -- on the BSE. At NSE, shares of the company cracked 21.13 per cent to hit a one-year low of Rs 4.85. Anil Ambani Group firm Reliance Power Sunday reported a loss of Rs 3,558.51 crore for the quarter ended March 31, 2019 as against a net profit of Rs 189.21 crore in the year-ago period. In a filing to the BSE, Reliance Power said the board in its meeting on June 8 approved the audited financial results for the quarter and financial year ended March 2019, and also approved raising resources by issuing debt securities by way of privately placed debentures, subject to approvals. For full fiscal, Reliance Power reported a net loss of Rs 2,951.82 crore as against a net profit Rs 840.46 crore in 2017-18. Selling was also seen in other group shares, with Reliance Naval and Engineering ..
For all branches of J&K Bank, it is business as usual
It was business as usual at all the branches of J&K Bank in Jammu and Kashmir and outside on Monday -- two days after the searches carried out by the Anti-Corruption Bureau (ACB) at the bank's corporate headquarters in Srinagar city.
Akme Star Housing Finance Ltd leads gainers in 'B' group
Cantabil Retail India Ltd, Sadbhav Infrastructure Projects Ltd, Sambhaav Media Ltd and Ortin Laboratories Ltd are among the other gainers in the BSE's 'B' group today, 10 June 2019.
Market breadth turns negative
The market further pared gains in mid-morning trade. At 11:23 IST, the barometer index, the S&P BSE Sensex, was up 166.21 points or 0.42% at 39,782.11. The Nifty 50 index was up 49.10 points or 0.41% at 11,919.75.
J&K Bank shares tumble 20 pc; hit lower circuit on removal of Chairman
Shares of J&K Bank plummeted nearly 20 per cent Monday following the removal of its Chairman Parvez Ahmad on Saturday. The scrip tumbled 19.93 per cent to Rs 47.60 -- its lower circuit limit -- on the BSE. At NSE, shares plunged 19.94 per cent to hit a lower circuit of Rs 47.55. On the volume front, 10 lakh shares were traded on the BSE and over 63 lakh shares exchanged hands on the NSE in early trade. In a surprise move, the Jammu and Kashmir government Saturday removed J&K Bank Chairman Parvez Ahmad, and Anti-Corruption Bureau carried out a raid at the lender's corporate office in connection with alleged fraudulent appointments. The government appointed the bank's executive president R K Chibber, as an interim chairman of the lender, and defended the decision to sack Ahmad, saying it was part of long term measures for improving functioning of the bank in accordance with the RBI guidelines. "As a first step, the Government has decided to change its nominee Director on the ...
L&T advances after winning orders
Larsen & Toubro rose 1.05% to Rs 1,529.15 at 11:37 IST on BSE after the company said that its construction arm was awarded contracts for various businesses.
Dewan Housing Finance Corporation Ltd leads gainers in 'A' group
Manappuram Finance Ltd, Muthoot Finance Ltd, Shankara Building Products Ltd and Motherson Sumi Systems Ltd are among the other gainers in the BSE's 'A' group today, 10 June 2019.
Vinay Pandit Joins IndiaNivesh Securities Limited as Head - Institutional Equities
/ -- IndiaNivesh, one of India's fastest growing financial services company, has appointed Vinay Pandit as Head - Institutional Equities. Vinay comes with a rich and unique mix of 17 years work experience (including 15 years in capital markets) across sectors and has held senior positions with several leading companies such as B&K Securities, IFCI Financial Services, PUG Securities, Centrum Capital Ltd., with his last professional stint as Senior President - Institutional Equity - AMSEC (formerly Asian Markets Securities) where he was driving the business. On his appointment as Head of Institutional Equities, Vinay said, "The strong mandate and pro incumbency witnessed by the ruling NDA ensures that we have an interesting 5 years ahead of us. I believe these 5 years will see a lot of capex driven growth (non-power) through various plays like Sagarmala, Bharatmala, Waterways, Seaways, Bullet Trains, upgradation of transportation systems among others. This offers an opportunity for
Google top tech spender on lobbying: Report
Google has spent USD 21.7 million on lobbying last year to influence lawmakers, becoming the leading corporate spender among the tech companies facing increasing scrutiny from US regulators over privacy practices and market control, according to a media report. Lobbying spending by tech companies has been on a steady rise in recent years and is way up over the past decade, according to the report in CNBC. The report cited data from the Center for Responsive Politics, which is a non-profit, nonpartisan research group that tracks the effects of money and lobbying on elections and public policy. As the biggest US technology companies face increasing scrutiny from regulators related to privacy practices and market control, they are spending a lot more money to try and influence lawmakers, it said. "No company in America is pouring more money into those efforts than Google," the report said. Last year, the company spent USD 21.7 million on lobbying, according to the Center for Responsive ..
RPP Infra Project secures orders worth Rs 1944 cr in FY 2019
Targets order inflow of Rs 1200 cr in FY 2020
Imran Khan asks citizens to declare assets by June 30
Pakistan Prime Minister Imran Khan on Monday asked citizens to declare their assets by June 30, in a televised address to the nation ahead of the federal budget for fiscal year 2019-20, which is scheduled to be announced on Tuesday.
JSW Steel gets NCLT approval for amalgamation plan
JSW Steel has received approval from the National Company Law Tribunal (NCLT) for the scheme of amalgamating its four units.The company has merged Dolvi Minerals and Metals with Dolvi Coke, JSW Steel Processing Centres with JSW Steel, JSW Salav with JSW Steel.Moreover, the company said in a separate statement that it has acquired 10,000 equity shares of Rs 10 each comprising the entire issued and paid-up equity share capital of Piombino Steel Limited from JSW Techno Projects Management Limited. The transaction was completed through its nominees.Further, Piombino Steel has acquired 8,000 equity shares of Rs 10 each comprising the entire issued and paid-up equity share capital of Makler from JSW Techno Projects Management.Piombino Steel has now become a wholly-owned subsidiary of the company and Makler has become a wholly-owned subsidiary of Piombino Steel..
Board of Ranjit Securities approves change in CFO
At meeting held on 08 June 2019
Globus Spirits benefits from upward revision in selling rate of country liquor in Rajasthan
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S.Korea, UK negotiate FTA to address possible hard Brexit
South Korea and the UK on Monday finalized a continuation of a Free Trade Agreement (FTA) to protect their trade relations should the latter decide to exit the European Union (EU) without any deal.
Air New Zealand allows staff to have non-offensive tattoos
Air New Zealand will allow all new and existing employees to have non-offensive tattoos on display while wearing their uniform or normal business attire, announced CEO Christopher Luxon on Monday.