Page 947 - Business Finance
Board of Mahindra Lifespace Developers approves allotment of 1650 shares under ESOS
At meeting held on 14 February 2019
Salona Cotspin Ltd leads losers in 'B' group
Tejnaksh Healthcare Ltd, Shah Alloys Ltd, Beardsell Ltd and Times Guaranty Ltd are among the other losers in the BSE's 'B' group today, 14 February 2019.
Volumes soar at Karur Vysya Bank Ltd counter
Karur Vysya Bank Ltd clocked volume of 206.69 lakh shares by 14:14 IST on NSE, a 22.89 times surge over two-week average daily volume of 9.03 lakh shares
IT stocks fall
Key indices cut losses in mid-afternoon trade as European stocks rose in early trade. At 14:15 IST, the barometer index, the S&P BSE Sensex, was down 83.17 points or 0.23% at 35,950.94. The Nifty 50 index was down 28.20 points or 0.26% at 10,765.45. IT stocks fell.
Fin Min on course to meet NPA recovery target
The Finance Ministry is on course to meeting the NPA recovery target of Rs 1.8 lakh crore by March 31, 2019 with the recoveries already touching Rs 1.08 lakh crore and many big-ticket default cases reaching resolution.
Not time yet to discuss Nissan chairmanship, Renault's Senard says
TOKYO (Reuters) - The new chairman of French automaker Renault on Thursday said it was not the time to discuss whether he would also take the helm of Nissan, as he arrived in Japan to reaffirm an alliance rocked by the arrest and ouster of former Chairman Carlos Ghosn.
Head of Japan bank lobby calls for review of BOJ's price goal, easy policy
TOKYO (Reuters) - The head of Japan's bank lobby on Thursday urged the Bank of Japan to review its 2 percent inflation target and ultra-loose monetary policy, saying that sticking with its elusive inflation goal would do more harm than good.
Schneider Electric's shares rise on better than expected 2019 outlook
(Reuters) - Shares in Schneider Electric climbed on Thursday after the French electrical equipment maker said earnings growth in 2019 would ease at a slower-than-expected pace this year and committed to buy back more shares.
Brent crude oil hits 2019-high on Sino-U.S. trade hopes, upbeat China data
SINGAPORE (Reuters) - Oil prices rose by around 1 percent on Thursday, with Brent crude futures hitting a 2019-high, buoyed by hopes that the Sino-U.S. tariff dispute could end soon and as China's trade figures including crude imports beat forecasts.
Renault embarks on post-Ghosn era with lower profit goal
PARIS (Reuters) - Renault set a weaker full-year profit goal on Thursday, citing currency challenges and market uncertainties, as the French carmaker presented annual results without its recently ousted CEO Carlos Ghosn for the first time in 13 years.
TCS, WEF secure commitment to equip 1.72 crore people with digital skills
Tata Consultancy Services on Thursday announced significant momentum in its partnership with the World Economic Forum and the Closing the Skills Gap coalition.Launched in 2017 with the goal of re-skilling or up-skilling one crore people in the global workforce by 2020, the initiative has secured pledges from leading international businesses to re-train 1.72 crore people, of which 64 lakh have already been trained."Our collaboration with the World Economic Forum is driving systemic change to empower people with 21st century skills to participate in new opportunities created by the Fourth Industrial Revolution," said Surya Kant, President for TCS operations in North America, UK and Europe."We are proud of the transformative impact of Closing the Skills Gap and encourage more businesses and countries to join this collective effort to realise the vision of a more inclusive and prosperous future for all," Surya Kant added.TCS created a dedicated online platform that enabled several leading
FinMin asks six public sector banks to improve on PCA parameters
The Finance Ministry has asked the six remaining public sector banks, currently under Prompt Corrective Action (PCA), to improve on seven parameters to get the government's support for coming out of the PCA framework.
New cancer drugs help upbeat AstraZeneca beat forecasts
(Reuters) - AstraZeneca forecast a second straight year of sales growth on Thursday, driven by cancer medicines and other new drugs as the British drugmaker recovers from losing major patents.
Gold rises on hopes of Fed pause; trade talks in focus
(Reuters) - Gold prices edged higher on Thursday as soft U.S. inflation data raised expectations that the Federal Reserve will pause rate hikes this year, while investors were looking for developments in trade talks between Washington and Beijing.
India likely to gain $11bn in exports from US-China trade war: UNCTAD
There may be a golden lining for India in the dark clouds of the tariff war waged by US President Donald Trump against China, and it is likely to increase its exports by as much as $11 billion if the proposed tariffs go into effect next month, according to the UN's trade arm.
Gold, silver stay subdued on tepid demand
The downward movement of gold continued for the fourth straight day as prices dropped by Rs 50 to Rs 34,000 per 10 grams at the bullion market Thursday owing to slackened demand from local jewellers, despite positive global cues. Similarly, silver shed Rs 150 to Rs 40,650 per kg owing to reduced offtake by industrial units and coin makers. Globally, gold was trading 0.18 per cent higher at USD 1,309.20 an ounce and silver by 0.52 per cent to USD 15.71 an ounce in New York. In the national capital, gold of 99.9 per cent and 99.5 per cent purities drifted lower by Rs 50 each to Rs 34,000 and Rs 33,850 per 10 grams, respectively. The precious metal had lost Rs 230 in the previous three days. Sovereign gold also weakened by Rs 100 to Rs 26,000 per piece of eight grams. Tracking gold, silver ready declined by Rs 150 to Rs 40,650 per kg, while weekly-based delivery fell by Rs 134 to Rs 39,490 per kg. On the other hand, silver coins continued to be traded at Rs 80,000 for buying and Rs ...
Saksoft Limited: 9MFY19 Revenues at Rs. 264 Crs, a Growth of 27% Y-o-Y
/ -- - 9MFY19 Revenues at Rs. 264 Crs, a growth of 27% Y-o-Y - 9MFY19 EBITDA at Rs. 42 Crs, Surpasses FY18 EBITDA - 9MFY19 PAT at Rs. 28 Crs, Surpasses FY18 PAT Saksoft Limited (BSE: 590051) (NSE: SAKSOFT), announced its un-audited financial results for the Quarter and Nine months ended 31st December, 2018. (Photo: https://mma.prnewswire.com/media/821986/Saksoft_Financials.jpg ) (Photo: https://mma.prnewswire.com/media/821987/Saksoft_Operational_Metrics.jpg ) Commenting on the results and performance Aditya Krishna, Chairman & Managing Director of Saksoft Ltd said: "We are pleased with our performance for 9M FY19. We have delivered a Revenue growth of over 27%, EBIDTA growth of close to 50% and Net Profit growth of over 60% compared to the same period last year. Our domain-based sales focus has helped us win new logos for the business and the tight alignment of the delivery business units with focus on improving utilization levels and reducing average delivery cost has resulted .
German economy escapes recession by the narrowest of margins
BERLIN (Reuters) - The German economy stalled in the final quarter of last year, narrowly escaping recession, as the fallout from global trade disputes and Brexit threatened to derail a decade-long expansion in Europe's economic powerhouse.
Hong Kong's super rich took a $20 bn beating in 2018: Forbes
China's slowdown, trade tensions, stock plunges and a softening of the world's least affordable property market helped wipe some $20 billion from the fortunes of Hong Kong's wealthiest last year, Forbes has reported. The southern Chinese financial hub boasts entrenched income inequality with one of the highest concentrations of billionaires in the world. But the ultra-wealthy had an uncharacteristically tough year in 2018 according to the latest list of the city's 50 richest tycoons published by Forbes late Wednesday. The group's combined wealth fell just over $20 billion to $286.75 billion in 2018, a marked contrast to the year before when they grew by a collective $60 billion to $307 billion. Pollyanna Chu, one of the city's most prominent female entrepreneurs, witnessed the sharpest decline in personal fortune according to Forbes' estimates -- a 75 percent drop to $3.3 billion. Her wealth via financial powerhouse Kingston Financial was especially vulnerable to the torrid trading ..
Goyal asks banks to meet realty cos within a fortnight to understand industry issues
Finance Minister Piyush Goyal Thursday asked banks to meet real estate sector representatives within the next fortnight to discuss the issues being faced by them. The minister also assured that goods and services tax (GST) rates would be brought down soon for the sector, which has been facing a demand slack. There is a real problem (being faced by the realty sector)," Goyal said at a Credai event here, adding that banks should take some initiatives to assess the projects and fast track them. He suggested that within the next 7-15 days the Indian Banks' Association (IBA) has a meeting with the real estate players to help increase funding to the sector. He said the group of ministers (GoM) under GST Council has worked out a mechanism for taxing real estate sector under GST. I hope you will like the final consensus of the GoM. In the next meeting of the GST Council soon, it would be discussed, Goyal said. A state ministerial panel last week favoured lowering GST on under-construction ...