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Stocks In News

 

MAX INDIA

Max Healthcare receives Cancellation Notice For one Hospital At New Delhi

Max healthcare has equal JV with Life Healthcare, (South Africa)

FUTURE ENTERPRISE

Future Supply chain solutions IPO subscibed 7.6x on final day

HEXAWARE

Baring looks to sell up to 15% in Hexaware

PE firm May opt for multiple blocks deals

ET Reports 

IL&FS ENGG

Wins Rs 215.79 Cr pipeline laying contract from GAIL

Contract for 157.8 km Dobhi-Durgapur-Haldia Pipeline section

Contract covers 13.28 km JHBDPL project

ULTRATECH CEMENT

To set up 3.5 MTPA integrated cement plant at Pali, Rajasthan

Investment of Rs 1,850 Cr

Plant is expected to commence commercial production by June 2020

  • SENSEX

    33,455.79 205.49   (0.62 %)
  • NIFTY

    10,322.25 56.60   (0.55 %)
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News In Brief

 

    Russia, China to hold joint anti-missile defence drills - RIA

    Moscow: Russia and China will hold joint anti-missile defence drills and work on cooperation against missile threats from other countries, RIA news agency cited the Russian Defence Ministry as saying on Monday.

    (Reuters)

    Magnitude 6.0 earthquake hits western Iran - State media

    Beirut: A magnitude 6.0 earthquake hit western Iran on Monday, state media reported.  The centre of the quake was near the town of Ezgele, but tremors were also felt in Kermanshah, the largest city in the area. 

    Last month, a magnitude 7.3 earthquake hit western Iran, killing at least 530 and injuring thousands.

    (Reuters)

    Trump to start process of sending Americans back to moon: White House

    Washington: President Donald Trump on Monday will sign a directive aimed at sending Americans back to the moon and eventually to Mars, the White House said.   

    Spokesman Hogan Gidley said Trump will sign “Space Policy Directive 1” that orders NASA “to lead an innovative space exploration program to send American astronauts back to the Moon, and eventually Mars.”

    (Reuters)

    Hezbollah's Nasrallah says group to focus on Israel

    Beirut: The leader of Lebanon’s Hezbollah group, Sayyed Hassan Nasrallah, on Monday said the group and its allies in the region would renew their focus on the Palestinian cause after what he called their victories elsewhere in the region. 

    Nasrallah called on Hezbollah’s allies to put in place a united strategy “in the field” to confront Israel. The Iran-backed group has been fighting in Syria alongside regional allies.

    (Reuters)

    Putin warns against pre-empting any Israeli-Palestinian deal

    Cairo: Russia’s president Vladimir Putin said on Monday any steps that pre-empt a possible agreement between Israel and the Palestinians are counter-productive and destabilising. 

    He was speaking after a meeting with Egyptian President Abdel Fattah al-Sisi in Cairo.

    (Reuters)

    WDM witnesses trade worth Rs 910.00 cr on NSE

    Mumbai: Wholesale debt market segment of the National Stock Exchange today witnessed a total turnover of Rs 910.00 crore in 24 trades.

    Top securities (non-repo) traded at the WDM were: The 6.79 per cent Government security maturing in CG2027 traded value of Rs 210.00 crore at weighted yield of 7.12 per cent, the 6.68 per cent Government security maturing in CG2031 traded value of Rs 150.00 crore at weighted yield of 7.15 per cent an NSE, release said.

    (PTI) 

    Russia's Putin to discuss Syrian peace process with Turkey's Erdogan - Kremlin

    Cairo: Russian President Vladimir Putin and his Turkish counterpart Tayyip Erdogan will discuss a possible political resolution to the Syrian crisis when they meet, Kremlin spokesman Dmitry Peskov said on Monday. 

    Peskov said the two leaders would also discuss preparations for the work of the Syrian Congress on National Dialogue -- an event Moscow hopes will bring together the Syrian government and the opposition.

    (Reuters)

    Putin says Russia to permanently keep air base and naval facility in Syria

    Moscow: President Vladimir Putin said on Monday that Russia would keep its Hmeymim air base in Syria’s Latakia Province as well as its naval facility at Tartous “on a permanent basis” despite a decision to start pulling some of its forces out of Syria. 

    Putin on Monday ordered Russian forces in Syria to start withdrawing, saying that after a two year military campaign, Moscow and Damascus had achieved their mission of destroying Islamic State.

    (Reuters)

    US dollar ends cheaper against rupee

    Mumbai: The US dollar ended cheaper against the rupee at Rs 64.37/38 per dollar and the pound sterling also finished lower at Rs 86.19/21 at the close of the Interbank Foreign Exchange (forex) market here today.

    Following are the interbank forex and RBI rates: (In Rs per unit) Unit  Interbank   RBI Reference US Dollar   64.37/38  US Dollar  Rs 64.3616 Pound Sterling 86.19/21   Euro  Rs 75.8051 Euro  75.92/94 Japanese Yen (100) 56.78/80

    (PTI)

    Situation on Korean Peninsula risks moving into 'hot phase': Ifax cites Russian formin

    Moscow: The situation on the Korean Peninsula risks to move into a “hot phase”, Russian Foreign Minister Sergei Lavrov warned on Monday, the Interfax news agency reported. 

    Lavrov was speaking after a trilateral meeting between the foreign ministers of Russia, India and China. He said all three countries did not want tensions on the Korean Peninsula to escalate any further, Interfax reported.

    (Reuters)

    US is a partner in bloodshed with Jerusalem move, Erdogan says

    Istanbul: Turkish President Tayyip Erdogan said on Monday that the United States had become a partner in bloodshed with its decision to recognise Jerusalem as Israel’s capital.

    “With their decision to recognise Jerusalem as Israel’s capital, the United States has become a partner in this bloodshed,” Erdogan said at an event in Ankara. “The statement by President Trump does not bind us, nor does it bind Jerusalem.”

    (Reuters)

    China central bank governor says it will be more active in fending off financial risks

    Beijing: China’s central bank governor Zhou Xiaochuan said on Monday it will be more active and directed in macro controls and in fending off financial risks. 

    The comments were published on the website of the People’s Bank of China (PBOC).

    (Reuters)

    RBI sets rupee reference rate at 64.3616 against US dollar

    Mumbai: The Reserve Bank of India today fixed the reference rate of the rupee at 64.3616 against the US dollar and 75.8051 for the euro.

    The corresponding rates were 64.4649 and 75.7978, as on Dec 08, 2017 According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 86.3282 and 56.68 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon. The SDR-rupee figure will be based on this rate, the statement added.

    (PTI) 

    Rahul Gandhi elected Congress President

    New Delhi: Congress Vice President Rahul Gandhi was on Monday elected the President of the country's oldest political party, Returning Officer Mullappally Ramachandran announced here on Monday.

    (IANS) 

    Saudi Arabia to grant cinema licenses from 2018

    Riyadh: Saudi Arabia announced on Monday its plan to grant licenses to open cinemas from early next year. 

    Minister of Culture and Information Awwad bin Saleh Alawwad said in a statement that the industry regulator, the General Commission for Audiovisual Media, had started the process, reports Xinhua news agency. He said the first cinema was expected to open in March 2018.

    (IANS) 

    Delhi government approves Rs 15 cr for Ring Road

    New Delhi: The Delhi government on Monday approved Rs 15 crore to "strengthen" the stretch of Ring Road from the All India Institute of Medical Sciences (AIIMS) to Ashram here. 

    The decision was taken at an Expenditure Finance Committee meeting chaired by Deputy Chief Minister Manish Sisodia, who announced it.

    (IANS)

    Nokia COO to leave the company

    Helsinki: Telecom network equipment maker Nokia said  its Chief Operating Officer Monika Maurer was leaving the company. 

    Joerg Erlemeier, currently a Senior Vice President for Nokia Transformation, will be the new COO, Nokia added.  “Monika Maurer... will support Erlemeier during a transition period and then leave Nokia to pursue new opportunities outside the company,” Nokia said.

     (Reuters) 

    ECB likely to delay rules on bad loans by a "few months": Nouy

    Frankfurt: The European Central Bank is likely to delay the implementation of its new rules on non-performing loans by a few months as it needs time to process industry feedback, supervisory chief Daniele Nouy told a Portuguese newspaper.

    “I think this process of analysis will take a month or two,” Nouy told Público. “It is therefore very likely that implementation will be postponed by a few months. However, I would say that it doesn’t change much whether it happens on say 1 January, 1 April or 1 June,” she said, adding that there was no reason for a delay until 2019.

    (Reuters)

    Gold futures fall 0.16 percent on global cues

    New Delhi: Gold prices fell 0.16 per cent to Rs 28,487 per 10 grams in futures trade today as speculators reduced their positions amid weak global cues.   

    At the Multi Commodity Exchange, gold for delivery in February month fell by Rs 46, or 0.16 per cent, to Rs 28,487 per 10 grams in business turnover of 40 lots. Similarly, the metal for delivery in April contracts traded lower by Rs 28, or 0.10 per cent, to Rs 28,480 per 10 gram in 3 lots. 

    (PTI)

    NZ govt appoints Adrian Orr as next Reserve Bank governor

    Wellington: New Zealand’s government on Monday named pension fund chief Adrian Orr as the new governor of the nation’s central bank, triggering a rally in the local dollar as markets prepared for changes to the monetary policy mandate.

    Orr will take up the role at the Reserve Bank of New Zealand (RBNZ) on March 27, Finance Minister Grant Robertson said in an emailed statement.

    (Reuters)

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