Page 977 - Business Finance
Corrected: Venezuela hopes to create non-dollar trading bloc
(Corrects spelling of Venezuela's oil minister throughout)
Lyft founders to tighten grip with supervoting shares in IPO: WSJ
(Reuters) - Lyft Inc founders are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, the Wall Street Journal reported on Tuesday, citing sources familiar with the matter.
Lower food prices more than halve India's retail inflation in January
Lower food prices more than halved India's retail inflation in January 2019 to 2.05 per cent from 5.07 per cent during the corresponding month of last year, official data showed on Tuesday.
Retail inflation dips to 19-month low in Jan as food prices continue to ease, fuel remains benign
Retail inflation fell to a 19-month low of 2.05 per cent in January due to fall in prices of food articles, mainly fruit and vegetables, coupled with easing of fuel cost, government data showed Tuesday. The Consumer Price Index (CPI)-based retail inflation was revised downwards for the preceding month December to 2.11 per cent from the earlier estimate of 2.19 per cent, showed data from the Central Statistics Office (CSO). In the year-ago month, January 2018, the retail inflation was at 5.07 per cent. Fruits, vegetables and eggs continued to witness deflationary trend during January this year, with their prices declining 4.18 per cent, 13.32 per cent and 2.44 per cent, respectively, according to the CSO data released by the Ministry of Statistics and Programme Implementation (MoSPI). The rate of price rise in the 'fuel and light' category was 2.20 per cent in January 2019, compared with 4.54 per cent in December 2018. The overall food inflation during the latest month remained in the .
Landless farmers in Odisha to get Kalia benefit on Feb 15
Odisha government will start distributing financial assistance to landless farmers under the Krushak Assistance for Livelihood and Income Augmentation (KALIA) scheme on February 15, a senior official said Tuesday. Agricultrure secretary Saurav Garg said this after Chief Secretary A P Padhi reviewed the Kalia scheme. "An amount of Rs 5,000 each will be credited to the bank accounts of around 4.5 lakh landless farmers on February 15 through Direct Benefit Transfer (DBT) mode under KALIA scheme", Garg told reporters. The agriculture secretary also informed that the state government will provide second phase assistance to about 14 lakh small and marginal farmers on February 22. As many as 12.45 lakh small and marginal farmers have availed Rs 5,000 each in the first phase. Under the provision of KALIA scheme, the small and marginal farmers, share croppers, landless agricultural labourers and farmers in distress were likely to get financial assistance for agumenting their ...
India's YoY industrial production rate plunges in December
The growth rate of India's factory production decelerated in December 2018 to 2.4 per cent from a rise of 7.3 per cent reported for the corresponding month of 2017.
Nissan: Undeclared payments by Ghosn total over $83 million
Nissan Motor has booked 9.2 billion yen ($83.24 million) in charges related to under-reported compensation to the company's ousted Chairman Carlos Ghosn, the current President and CEO of the Japanese automobile manufacturer said on Tuesday.
EA's 'Apex Legends' tops 'Fortnite' record with 25 million signups
(Reuters) - Shares of Electronic Arts Inc jumped 8 percent on Tuesday after the videogame maker said 25 million players signed up for its new battle royal game "Apex Legends".
Mnuchin in Beijing for crunch US-China trade talks
US Treasury Secretary Steven Mnuchin said he was "looking forward" to crunch negotiations with China as he emerged in Beijing on Tuesday with global attention focused on whether the two sides can reach a trade deal. Mnuchin appeared at a Beijing hotel a couple of days ahead of scheduled high-level meetings with Chinese officials in the capital, with a March 1 deadline looming to strike an accord. "It's great to be here back in Beijing. We're looking forward to several important days of talks," Mnuchin said to reporters. He then moved on without taking questions. Mnuchin will be joined by US Trade Representative Robert Lighthizer as well as David Malpass, President Donald Trump's nominee to lead the World Bank, in negotiations set for Thursday and Friday. China's delegation will be led by Vice Premier Liu He, who will be joined by central bank governor Yi Gang. Lower level officials had arrived earlier for what the White House has called preparatory meetings due to start on Monday. In .
Ports traffic improves 3.1% in April 2018 - January 2019
Deendayal (Kandla) Port handled highest volume of traffic of 94.55 mt with 16.33% share
Rane TRW Steering's new seatbelt, airbag plant goes on stream
Automotive component maker Rane TRW Steering Systems Pvt Ltd said its new facility for occupant safety products opened on Tuesday in Tamil Nadu's Tiruchirapalli, about 350 km from the state capital.
Global stocks ride high as 'risk-on' reigns supreme
LONDON (Reuters) - World shares and bond yields rode a renewed surge in risk appetite on Tuesday as investors turned optimistic about U.S.-China trade talks and cheered Washington's deal to avoid another government shutdown.
Oil up more than 2 percent on Saudi and OPEC cuts
LONDON (Reuters) - Oil prices gained more than 2 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half a million barrels per day (bpd), and by U.S. sanctions against Iran and Venezuela.
Wall Street set to rise on trade optimism, progress to avert government shutdown
(Reuters) - Wall Street was set to open higher on Tuesday, buoyed by a tentative deal reached by U.S. lawmakers to avoid another partial government shutdown and after the United States and China expressed optimism about the ongoing trade talks.
Bank of England's Carney sees 'delicate equilibrium' as world economy slows
Global economic growth is likely to stabilise at a new, slower pace, although China, trade wars and rising protectionism threaten the "delicate equilibrium", Bank of England Governor Mark Carney said.
India's January inflation pace drops; RBI could cut rates again
NEW DELHI (Reuters) - India's consumer prices rose at a milder pace than anticipated in January and remained below the Reserve Bank of India's target for a sixth straight month, strengthening views it could again cut the key interest rate at its next policy review in April.
Gold gains as dollar stalls on U.S.-China trade talks
(Reuters) - Gold rose on Tuesday, supported by a slight pause in the dollar's rally as the United States and China continue talks aimed at ending their trade conflict.
Sebi bars Ganga Sagar Foods & Beverages from raising funds from public
Markets regulator Sebi Tuesday barred Ganga Sagar Foods and Beverages from raising funds from public with immediate effect. Besides, the regulator has asked the firm and its seven present and former directors not to buy, sell or deal in securities market either directly or indirectly with any listed company. The move comes after the regulator received complaints that the firm is not refunding the money to the investors raised through secured redeemable non-convertible debentures (NCDs). Following the complaints, Sebi found that the firm had collected at least Rs 43 lakh from 71 investors during 2012-13 by issuing the NCDs. As the number of investors were more than 49, the offer was prima facie a public issue for which the firm was required to register its prospectus with the Registrar of Companies (RoC), followed by compulsory listing, among other requirements. However, it failed to do so, the regulator said. Ganga Sagar is ''prima facie" engaged in a fund-mobilising activity from the
NLC India clocks Q3 net at Rs 329.49 Cr
Public sector NLC India Ltd Tuesday recorded net profit for the October-December 2018 quarter at Rs 329.49 crore. The Tamil Nadu-based firm registered net profit at Rs 313.80 crore during the corresponding period of previous fiscal. For the April-December 31, 2018 period, net profit went upto Rs 976.84 crore from Rs 956.78 crore. Total income for the quarter ending December 31, 2018 grew to Rs 2,070.29 crore from Rs 1,807.50 crore. For the nine month period ending December 31, 2018, total income slipped to Rs 5,792.47 crore, from Rs 6,266.60 crore registered in the year ago period. Shares of the company ended at Rs 64.70 apiece up by 3.11 per cent over previous close in the BSE.
Board of Mishtann Foods approves change in directorate
At meeting held on 12 February 2019