Page 949 - Business Finance
German economy stalled in fourth-quarter, just escaping recession
BERLIN (Reuters) - The German economy stalled in the final quarter of last year, escaping recession by the narrowest of margins after contracting in the July-September period for the first time since 2015.
Larsen & Toubro lnfotech to acquire Germany's Nielsen+Partner for EUR 28 mn
IT firm Larsen & Toubro lnfotech Thursday announced acquisition of Germany's Nielsen+Partner for EUR 28 million (approx Rs 224.15 crore). "The company, through its wholly-owned subsidiary, Larsen & Toubro lnfotech GmbH, Germany, has signed a definitive agreement to acquire Nielsen+Partner Unternehmensberater GmbH headquartered in Hamburg, Germany, along with its identified subsidiaries in Luxembourg, Switzerland, Thailand, Singapore and Australia and branch office in Belgium," Larsen & Toubro lnfotech said in a regulatory filing. Larsen & Toubro lnfotech said Nielsen+Partner is an independent Temenos WealthSuite specialist and this acquisition is synergistic to Syncordis acquisition that the company announced in 2017. The enterprise value payable for the acquisition of 100 per cent share capital of Nielsen+Partner is EUR 28 million on a cash-free, debt-free basis, which includes upfront consideration and a performance based earn-out, Larsen & Toubro lnfotech ...
Strata Celebrates Grand Opening of New Manufacturing Facility in India
/ -- Strata Geosystems, a global leader in the soil reinforcement industry, opened doors to its newest state-of-the-art manufacturing facility on February 11th, 2019 aimed at meeting the growing demand for geotechnical products in India and around the globe. (Photo: https://mma.prnewswire.com/media/821961/Strata_New_Plant_Inauguration.jpg ) "We are indeed a truly unique company," said Ashok Bhawnani, Founding Director of Strata Geosystems, during the grand opening ceremony of the company's new manufacturing facility located in Daheli, Gujarat. "As the largest reinforced soil wall builder in India, we differentiate ourselves by using re-engineered yarn to build high-performance structures for highways." "Using geogrids to reinforce soil is analogous to using steel for concrete reinforcement, and this technology is being used for a wide range of applications including ramp construction, landfills, mining dykes, and other engineered structures," said Narendra Dalmia, CEO & Director.
VA Tech Wabag jumps after order win
VA Tech Wabag rose 3.29% to Rs 298 at 12:26 IST on BSE after the company said it secured order worth Rs 520 crore from Jajmau Tannery Effluent Treatment Association. The announcement was made during trading hours today, 14 February 2019.
Negative market breadth
Weakness persisted on the bourses in early afternoon trade. At 12:29 IST, the barometer index, the S&P BSE Sensex, was down 142.05 points or 0.39% at 35,892.06. The Nifty 50 index was down 45.40 points or 0.42% at 10,748.25. Oil stocks declined.
India's January WPI eases to 2.76%
India's annual rate of inflation based on wholesale prices eased to 2.76 per cent in January from 3.02 per cent reported for the corresponding month of 2018, official data showed on Thursday.
Under the gun, China, US begin trade talks
US and Chinese officials on Thursday began a two-day meet here to sort out their trade differences as the March 1 deadline for the truce in their festering trade war draws near.
Nestle expects pick up in sales growth to be maintained
VEVEY, Switzerland (Reuters)A - Nestle said it expected its organic sales to rise by more than 3 percent this year after an improving performance in China and North America helped growth accelerate in 2018 after six years of slowdowns.
Bulls advance on most Asian currencies as trade talks brew optimism: Reuters poll
(Reuters) - Bullish positions on most Asian currencies strengthened over the past few weeks, a Reuters poll showed, reflecting newfound optimism that the United States and China would settle their long-drawn trade spat.
WPI inflation hits 10-month low, drops to 2.76 pc in Jan
Inflation based on wholesale prices fell to a 10-month low of 2.76 per cent in January over the previous month on softening prices of fuel and some food items, according to government data released Thursday. The Wholesale Price Index (WPI)-based inflation stood at 3.8 per cent in December, 2018, and 3.02 per cent in January 2018. WPI inflation stood at 2.74 per cent in March 2018. Inflation in kitchen essentials like potato, onion, fruits, and milk softened in January over the previous month, the data revealed. However, the rate of price rise in the food basket, as a whole, rose to 2.34 per cent in the month under review compared to a deflation (-0.07 per cent) in the previous month. The retail inflation, released earlier this week, too declined marginally to 2.05 per cent in January over the previous month on continued decline in food prices, including vegetables and eggs. The WPI data further revealed that wholesale based price inflation for 'fuel and power' segment fell sharply to .
Shyam Century Ferrous Ltd leads gainers in 'B' group
Electrotherm (India) Ltd, Ambition Mica Ltd, Madhucon Projects Ltd and Anik Industries Ltd are among the other gainers in the BSE's 'B' group today, 14 February 2019.
PSU OMCs decline as crude oil firms up
Shares of the three state-run oil marketing companies fell by 1.05% to 3.73% at 12:09 IST on BSE after Brent crude prices firmed up in international market.
Credit Suisse sees markets steadying in early 2019
ZURICH (Reuters) - Credit Suisse sees markets starting to steady, Switzerland's second-biggest bank said on Thursday as it reported its first annual profit since 2014.
Yes Bank Ltd leads gainers in 'A' group
CG Power & Industrial Solutions Ltd, ICRA Ltd, Time Technoplast Ltd and Centrum Capital Ltd are among the other gainers in the BSE's 'A' group today, 14 February 2019.
Renault sales and profits fall on diesel, currency setbacks
PARIS (Reuters) - Renault's revenue and profits fell in 2018, hit by collapsing diesel sales, exchange-rate setbacks and a withdrawal from the Iranian market, the French carmaker said.
Nestle expects sales to grow this year
VEVEY, Switzerland (Reuters) - Nestle said it expected its organic sales to rise this year after an improving performance in China and North America helped growth accelerate in 2018 after six years of slowdowns.
China January trade data beats forecasts, but sustainability in doubt
BEIJING (Reuters) - China's exports unexpectedly returned to growth in January after a shock decline the previous month, while imports fell much less than expected, but analysts said the strength was likely due to seasonal factors and predicted renewed trade weakness ahead.
In rural Mississippi, still waiting on recovery
ITTA BENA, Miss (Reuters) - Here's what has happened in Leflore County, Mississippi, since the end of the U.S. recession in 2009.
Credit Suisse posts first annual net profit since 2014
ZURICH (Reuters) - Credit Suisse on Thursday posted a 2.057 billion Swiss franc ($2.04 billion) net profit for 2018, wrapping up a three-year overhaul with its first annual profit since 2014.
Sensex, Nifty continue slide; energy stocks drag
(Reuters) - Indian shares fell on Thursday, with the benchmark BSE index on track for its worst run in over 5 months, led by energy stocks after crude oil prices climbed to their highest in nearly three months.