Page 92 - Business Finance
Arshiya to develop IT/ITES Park at Panvel
The said 25 acres of land situated at Panvel has been notified as IT/ITES Park and on the said Land the Company plans to build a Hyperscale Data Centre Park" with a constructible area of approximately 2.5 to 3 million square feet.
US stocks ended week with strong gains
Stocks rose despite weaker-than-expected jobs report
Volumes soar at Manpasand Beverages Ltd counter
Manpasand Beverages Ltd clocked volume of 4.91 lakh shares by 10:47 IST on BSE, a 18.82 times surge over two-week average daily volume of 26071 shares
Barometers come off day's high; IT shares jumps
The Sensex and the Nifty came off day's high and were trading with modest gains in morning trade. At 10:35 IST, the barometer index, the S&P BSE Sensex, was up 255.98 points or 0.65% at 39,871.88. The Nifty 50 index was up 72.75 points or 0.61% at 11,943.40. Firmness in IT and FMCG shares supported key indices.
Stock market opens higher following global cues
Equity benchmark indices opened higher on Monday tracking positive global cues.At 10:15 am, the BSE S & P Sensex was up 284 points at 39,899 while the Nifty 50 gained 91 points to 11,962. All sectoral indices at the National Stock Exchange were in the green during morning hours.Among stocks, home finance lender DHFL jumped over 5 per cent after the company paid investors and depositors part of repayments due after missing the deadline last week.Britannia was up 2.7 per cent while Power Grid and Yes Bank traded over 2 per cent. Tata Steel and Bharti Infratel too were up 1.9 per cent.But shares of J & K Bank slumped over 13 per cent after the Jammu and Kashmir government removed Chairman Parvez Ahmad, and Anti-Corruption Bureau carried out a raid at the lender's corporate office in connection with alleged fraudulent appointments.Shares of Reliance Power traded 12 per cent after the company reported a net loss of Rs 3,559 crore in the fourth quarter of FY19 compared to a profit ..
Amid financial crisis, Pak PM urges citizens to declare assets, pay taxes
At a time when Pakistan is grappling to overcome severe financial crises, Prime Minister Imran Khan on Monday urged his countrymen to declare their assets and pay off taxes by June 30."In the last ten year, Pakistan debt went from Rs 6,000 crore to 30,000 crore. We need some urgent steps to bring the country out of this crises." Khan said while addressing the nation, a day ahead of the national budget."I am appealing to all of you to take part in the Asset Declaration Scheme that we have brought because if we don't pay taxes, we will not be able to raise our country up," Khan said.Last month, the Pakistan Tehreek-e-Insaf (PTI) government had announced a new tax amnesty scheme to offer non-tax filers an opportunity to come clean until June 30.Notably, the previous PML-N government announced four such schemes to different groups that fetched around Rs121 billion and brought only 80,000 people into the tax net. However, the Imran Khan-led government has said that this amnesty scheme is ..
Board of 7Seas Entertainment appoints director
At meeting held on 08 June 2019
Rupee rises 8 paise to 69.38 vs USD in early trade
The rupee appreciated by 8 paise to 69.38 against the US dollar in opening trade Monday, driven higher opening in domestic equities. Forex dealers said, the local currency also gained strength amid weakening of the greenback in overseas markets. However, rising crude oil prices and sustained foreign fund inflows weighed on the domestic currency and restricted the upmove. The rupee opened at 69.40 at the interbank forex market then gained further ground and touched 69.38 amid a positive opening in domestic equities, displaying gains of 8 paise over its last close. The rupee Friday had settled at 69.46 to the US dollar. Meanwhile, the 10-year government bond yield was at 7.01 per cent on Monday, against previous close of 6.97 per cent on Friday. Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 478.84 crore on a net basis Friday, provisional exchange data showed. Brent crude futures, the global oil benchmark, rose 0.51 per cent to USD ...
Equity indices open in green, Sensex up 320 points
The key Indian equity indices opened on a positive note on Monday, in line with the Asian stocks, with the BSE Sensex trading 320 points higher.
Wisdomjobs.com Says Mumbai and Delhi Saw 10% Rise in Hiring During HY1 2019-20
/ -- Wisdomjobs.com an online job portal based at Hyderabad found that 10 out of 18 sectors saw positive growth and remaining sectors saw a decrease in hiring activities. According to the report, India will be expected to see jobs creation of 12.3 lakh jobs in HY1 2019-20 across IT, travel, hospitality, and BPO/ITeS sectors. "The positive outlook created by the sectors will definitely have a positive impact on jobs creation and employment outlook. While talent demand for all levels has seen great demand and there will be more impact on freshers. Nearly 18% of all new jobs created to estimates for fresher hiring in HY1FY19," said Ajay Kolla, Founder, and CEO, wisdomjobs.com. City wise hiring outlook during HY1 2019-20 Amid hiring outlook, Tier II cities saw a 6.5% increase in hiring activities, followed by tier III towns and rural areas projected to see a 2.3% growth in hiring activities. While, Fresher hiring, entry-level and mid-level hiring saw 3.2% and 4.3 % positive growth and ...
Indian Oil Corporation Ltd Slides 1.98%
Indian Oil Corporation Ltd has added 8.86% over last one month compared to 3.93% gain in S&P BSE Oil&Gas index and 6.68% rise in the SENSEX
Bharat Forge gains after JV with REFU
Bharat Forge rose 1.06% to Rs 461.70 at 09:18 IST on BSE after the company entered into a Joint Venture Agreement with Refu Electronik GmbH, Germany.
Jindal Steel & Power Ltd Spikes 1.69%, S&P BSE Metal index Rises 1.05%
Jindal Steel & Power Ltd has lost 2.14% over last one month compared to 1.78% gain in S&P BSE Metal index and 6.62% rise in the SENSEX
China's exports beat forecast to rise as trade war heats up
China's exports beat gloomy forecasts to rebound in May though imports sank more than expected as the trade war with the United States heats up, official data showed Monday. The spat between the world's top two economies escalated last month, with President Donald Trump increasing tariffs on USD 200 billion in Chinese goods. But Chinese exports to the world bounced back to rise 1.1 per cent last month after falling 2.7 per cent in April, according to customs data. Analysts surveyed by Bloomberg News had forecast a 3.9 per cent drop. Imports, however, plummeted 8.5 per cent after rising 4.0 per cent in April. The trade surplus surged to USD 41.7 billion in May compared with USD 13.8 billion the previous month. Trade talks between the United States and China have stalled while the two countries have threatened to slap more sanctions on each other. Trump has blacklisted Chinese telecom giant Huawei and warned that he could impose tariffs on nearly all remaining products from China, worth
Eros International PLC announces $20 million buyback program
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Bharat Forge in focus after entering in JV with REFU
Bharat Forge has entered into a Joint Venture Agreement (JVA) with Refu Electronik GmbH, Germany and its Affiliates / Promoters (REFU) on 6 June 2019. The JVA for incorporating a Joint Venture Company, under the laws of Germany for developing, manufacturing and selling on board controllers and components mainly - drives, invertors, converters (including AC/DC) and all kind of auxiliary applications, related power electronics and battery management (BMS), etc. for all quality of e-mobility vehicles viz, hybrid and electric 2-wheelers, 3-wheelers, cars and commercial vehicles.
Shares may advance on positive global signals
Market is seen opening higher tracking positive leads from Asian markets. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 61.50 points at the opening bell.
Satisfaction with Modi government highest since Balakot: IANS-CVoter poll
The satisfaction level with the government of Prime Minister Narendra Modi has touched its highest levels since the Balakot air strikes of February 26 this year.
Amid financial crisis in Pak, Imran Khan to address nation today
Pakistan Prime Minister Imran Khan is set to address the nation on Monday morning, as the country continues to grapple with a severe financial crunch.The address is scheduled to be aired at 9 am (local time).According to Pakistani media reports, Khan would touch upon the issue of the economic crisis of the country and the upcoming federal budget.On Sunday, the cricketer-turned-politician had chaired a meeting on the upcoming budget.The ruling PTI government is set to present its first budget for the fiscal year 2019-20 in the National Assembly on June 11. It will be presented by Khan's Advisor on Finance, Revenue and Economic Affairs Dr Hafeez Shaikh.Last month, the Pakistan government had reached an agreement with the International Monetary Fund (IMF) for a bailout package of $6 billion, according to Shaikh.He had disclosed that Pakistan, under the IMF programme, would receive assistance worth $6 billion over a period of three years.Besides the assistance by IMF, Pakistan will ...
Raytheon and United Technologies announce merger
Raytheon and United Technologies announced that they will merge, creating a behemoth American aeronautics and defense company. The new company, Raytheon Technologies Corporation, will be created via an exchange of shares between the two firms, with the merger expected to conclude in the first half of 2020, they said in a joint statement. "The transaction will create a premier systems provider with advanced technologies to address rapidly growing segments within aerospace and defense," the statement said Sunday. Raytheon is best known for its Patriot air defense systems, which gained fame during the first Gulf War, and its Tomahawk cruise missiles, often the first weapons fired from US navy ships in recent conflicts. United Technologies (UTC) is a big player in the aeronautics industry with its Pratt and Whitney engines, which are used in civil and military aircraft, including the F-35 multi-role stealth fighter, considered one of the most advanced combat aircraft in the world. The ...