Thursday, January 18News That Matters

Market

Notice Inviting Application (NIA) for Registration of Contractors in Eastern Coalfields Limited

Notice Inviting Application (NIA) for Registration of Contractors in Eastern Coalfields Limited

Logistics, Market
Notice Inviting Application (NIA) for Registration of Contractors in Eastern Coalfields Limited towards Transportation of Coal/Sand and Loading by Pay-Loader / Excavator. Sealed application in prescribed format is invited from the bonafide and experienced contractors for registration towards undertaking the work of: (i) Transportation of Coal. (ii) Transportation of Sand. (iii) Loading by Pay – Loader. (iv) Loading by Excavator. The Application form along with the Notice Inviting Application may be downloaded from ECL website www.easterncoal.gov.in and Government portal www.tenders.gov.in till 31.08.2018 from 01.09.2016. In that case, a Demand Draft (Non - Refundable) of Rs. 573.00 (Rupees Five hundred & Seventy three only), drawn in favour of Eastern Coalfields Limited payable a
Amazon Celebrates Biggest Holiday; More Than Four Million People Trialed Prime In One Week Alone This Season

Amazon Celebrates Biggest Holiday; More Than Four Million People Trialed Prime In One Week Alone This Season

Market
Amazon celebrated its biggest holiday season with customers all around the world shopping at record levels. Prime membership continued to grow this holiday – in fact, in one week alone, more than four million people started Prime free trials or began paid memberships, to benefit from free two-day, one-day or same-day shipping, in addition to ultra-fast one and two hour delivery with Prime Now. Customers shopped from hundreds of millions of products, including a vast selection from small businesses and entrepreneurs. More than one billion items were ordered from small businesses and entrepreneurs worldwide this season – and over just five days, from Thanksgiving through Cyber Monday, nearly 140 million items were ordered from small businesses and entrepreneurs. Amazon Devices also had it
Mahindra Logistics IPO to open on October 31: 10 things you should know

Mahindra Logistics IPO to open on October 31: 10 things you should know

Market
Mahindra Logistics, the subsidiary of Mahindra & Mahindra, is scheduled to open its initial public offering on October 31, with a price band of Rs 425-429 per share. The offer will close for subscription on November 2, 2017. The book running lead managers to the issue are Kotak Mahindra Capital Company and Axis Capital. Equity shares are proposed to be listed on BSE and NSE. Here are 10 things one should know before investing in Mahindra Logistics IPO:- Company Profile Mahindra Logistics, the 3rd party logistics (3PL) solutions provider, is a part of the Mahindra Partners Division of the Mahindra Group. It operates in two distinct business segments - supply chain management (SCM) and corporate people transport solutions (PTS). Through its SCM business, the company offers custom...
Bharat Financial Inclusion Exploring merger pact with Indus-Ind Bank; Stock prices in Top

Bharat Financial Inclusion Exploring merger pact with Indus-Ind Bank; Stock prices in Top

Market
Bharat Financial Inclusion Ltd, India’s first listed micro lender, on Monday said it is in a pact with IndusInd Bank Ltd for exploring a merger. “Bharat Financial has entered into an exclusivity agreement with IndusInd Bank for agreeing to have an exclusive discussion with IndusInd Bank about the proposed potential strategic combination by way of amalgamation through a scheme of arrangement, or any other suitable structure,” the company said in a notice to the stock exchanges. “The agreement primarily provides for confidentiality of information/discussion and finalisation of the terms and conditions relating to the proposed transaction with a view to entering into a definitive documentation after the necessary approvals,” the company added.
Dixon Technologies Rs 600-crore IPO fully subscribed on Day 2 :

Dixon Technologies Rs 600-crore IPO fully subscribed on Day 2 :

Market
The public issue of Dixon Technologies has been fully subscribed on the second day. The Rs 600-crore IPO has been oversubscribed 1.18 times on Thursday, as per data available on the National Stock Exchange. The issue received bids for 28.11 lakh equity shares against issue size of 23.76 lakh shares (excluding anchor investors' portion that already received good response). On day one yesterday, the issue was subscribed 0.78 times as the reserved portion of qualified institutional investors saw subscription of 1.34 times and retail 0.78 times. The public issue consists of fresh issue of Rs 60 crore and an offer for sale of upto 30,53,675 equity shares (including anchor portion of 10,18,027 equity shares). The company aims to raise Rs 597.44-599.27 crore through the issue, at a price ban
Sensex, Nifty mildly higher but Midcap holds early gains; BPCL dips :

Sensex, Nifty mildly higher but Midcap holds early gains; BPCL dips :

Market
12:05 pm JLR's car in electric version: All new Jaguar Land Rover cars will be available in an electric or hybrid version from 2020, Britain's biggest carmaker said, as it speeds up plans to electrify its model range. Last year, the company, owned by India's Tata Motors, said it would offer greener versions of half of its new line-up by 2020, but it has now ramped up its plans. Demand for electric models continues to rise sharply and in July Britain said it would ban the sale of new petrol and diesel cars from 2040 to cut pollution, replicating plans by France and cities such as Madrid, Mexico City and Athens. Carmakers are racing to tap into growing demand for low-emissions models with Nissan launching a revamped version of its Leaf electric vehicle on Wednesday in a bid to better take
India GDP growth to re-accelerate as GST impact fades: Morgan Stanley

India GDP growth to re-accelerate as GST impact fades: Morgan Stanley

Business & Corporate, Market
Economic activity in the country lost some pace amid GST related disruptions but underlying growth momentum remains strong and the country may clock 6.7 per cent growth this fiscal, says a Morgan Stanley report. India's economic growth slipped to a three-year low of 5.7 per cent in April-June, underscoring the disruptions caused by uncertainty related to the GST rollout amid slowdown in manufacturing activities. Commenting on the GDP numbers, Morgan Stanley said, "We are inclined not to read this as a sign of general slowdown in aggregate demand". "Indeed, we remain skeptical that the GDP statistics are fully reflecting the underlying growth trends in the economy," Morgan Stanley said in a research note. It further said that a number of high frequency growth indicators are indicating...
Sensex slumps over 300 points as global markets slide :

Sensex slumps over 300 points as global markets slide :

Market
Stock markets have tumbled across Asia and Europe today. At home, after a weak opening, the Sensex at the Bombay Stock Exchange lost considerably more ground, and had plunged 332 points, or 1.1 percent, to 31,419 a short while ago. The Nifty at the National Stock Exchange had slumped 107 points, to 9,806. Elsewhere in Asia, key stock markets in Japan, Hong Kong, South Korea and Singapore had dropped between 0.2 percent and 0.6 percent. Major European bourses in the UK, France and Germany had slumped over 1 percent, each. Global stocks fell after North Korea launched a missile over Japan, fueling worries of fresh tension between Washington and Pyongyang. And at the forex market, the rupee had weakened 13 paise, to 64.03 against the dollar in afternoon deals.
Market Live: Sensex, Nifty extend rally; Midcap up 1%; Infosys, PSU banks in focus

Market Live: Sensex, Nifty extend rally; Midcap up 1%; Infosys, PSU banks in focus

Market
12:24 pm Market Check: Equity benchmarks as well as broader markets extended rally in afternoon trade after Infosys and PSU banks gained strength. The 30-share BSE Sensex Sensex was up 189.35 points at 31,481.20 and the 50-share NSE Nifty rose 51.60 points to 9,817.15 while the BSE Midcap and Smallcap indices gained 1 percent each. About two shares advanced for every share falling on the BSE. Infosys added nearly 3 percent intraday after reports emerged that former executive Nandan Nilekani is likely to return at the helm of affairs at the company. 12:10 pm PSB merger: Cabinet has approved setting up alternative mechanism for PSU bank merger and gave in-principle approval for next level of merger, reports CNBC-TV18 quoting sources. Group of ministers will be formed on the basis of
Facebook rolls out Watch tab of original video shows

Facebook rolls out Watch tab of original video shows

Market
Social media giant, Facebook, has rolled out a new product, 'Watch', which is a home for original video content produced solely for it by partners, who will earn 55 percent of ad break revenue while Facebook will keep 45 percent. The Watch tab and several dozen original shows will start rolling out to a small group of United States users on mobile, desktop and Facebook’s TV apps to test the performance of the ‘Watch’. By hosting original programming, the social media giant could boost ad revenue and give people a reason to frequently return to the News Feed for content they can’t get anywhere else. The newly introduced ‘Watch’ features custom-made recommendations of live and recorded shows to watch, plus categories like “What’s Making People Laugh”, “Most Talked About,” and “Shows Y