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Stocks In News

 

INDIAN OIL CORPORATION

Board to consider bonus issue on Jan. 30.

HPCL, MRPL

HPCL may acquire MRPL in cash and share swap deal

HPCL may buyout ONGC shares which is worth roughly Rs 16,000 Cr

Financial Express Reports

KALPTARU POWER

Gets four orders worth Rs 871 Cr

Order Details

Gets Rs 282 Cr order from APTRANSCO to supply, construct substations

To also set up associated transmission line work for APTRANSCO

Gets Rs 100-cr order from Bangladesh power co, Nepal’s electricity body

Order includes 400 KV double circuit transmission line from Bangladesh

Nepal order includes setting up of 132 KV Transmission Line 

Gets Rs 123 Cr order from CORE to commission rail electrification work

Gets pipeline augmentation work in Rajasthan for Rs 366 Cr from a pvt client

 

  • SENSEX

    36,153.24 13.26   (0.04 %)
  • NIFTY

    11,079.35 4.35   (-0.04 %)
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Jio's 2nd Tariff Cut This Month

News In Brief

 

    Britain plans a departmental spending review next year

    London: Britain’s government plans to carry out a departmental spending review next year, a spokesman for Prime Minister Theresa May said on Tuesday.

    (Reuters)

    Vodafone to buy CYTA Hellas for 118 million euros to boost Greek network

    Vodafone said on Tuesday it had agreed to buy Athens-based CYTA Telecommunications Hellas S.A. for 118 million euros (103.65 million pounds) to expand its fixed line network in Greece. 

    The purchase will add around 40,000 mobile customers and about 300,000 fixed broadband customers, or roughly 8 percent market share, to Vodafone-Panafon Hellenic Telecommunications Co’s network, the British telecoms group said in a statement. CYTA Hellas is the Greek unit of Cyprus Telecommunications Authority.

    (Reuters)

    UN says Turkish offensive reportedly displaces 5,000

    Geneva: Turkey’s military offensive against the U.S.-backed YPG militia in Syria had displaced an estimated 5,000 people in Afrin district as of Monday, but some of most vulnerable people could not flee, a U.N. report said on Tuesday, citing local sources. 

    The United Nations stands ready to deliver aid to 50,000 people in Afrin and has supplies for 30,000 in case of further displacement into areas controlled by the Syrian government in Aleppo governorate, the report said.

    (Reuters)

    Americans among victims in Kabul hotel attack, U.S. says

    Washington: U.S. citizens were among the victims of a hotel attack in Kabul last Saturday, the U.S. State Department said on Tuesday. 

    “The attack on the hotel, once again, shows the depravity of terrorists who seek to sow chaos. Sadly, we can confirm that Americans are among the victims,” State Department spokesman Robert Greenan said in a statement.

    (Reuters)

    US designates Briton, Belgian Islamic State terrorists

    Washington: The United States placed a Belgian citizen and a Briton suspected of being an Islamic State executioner on its global terrorism list on Tuesday, a designation that allows the government to impose sanctions and freeze assets and property. 

    The State Department said Siddhartha Dhar left the United Kingdom to join Islamic State in Syria, where he replaced executioner Mohammad Emwazi, also known as “Jihadi John.” The second man, Abdelatif Gaini, is a Belgian-Moroccan citizen believed to be fighting in the Middle East, the department said.

    (Reuters)

    Fortum CEO - We're in touch with Uniper on takeover offer

    Berlin: Finland’s Fortum said on Tuesday it was in talks with Uniper and hoped to convince the German utility’s management that its 8.05 billion euro (7.07 billion pounds) takeover bid made sense. 

    CEO Pekka Lundmark, speaking at an energy conference in Berlin, said Fortum was looking at Uniper purely as an investment and had no interest in taking control. He also said that Fortum had not been in touch with other Uniper shareholders apart from E.ON. The Finnish company has built up a stake of 46.93 percent.

    (Reuters)

    Saudi's Falih says still anxious about fragility of oil market: CNBC

    Saudi Arabia’s energy minister, Khalid al-Falih, tells CNBC in Davos he’s not convinced that the oil market has returned to balance, despite rising prices. 

    “While I‘m still anxious about the fragility of the market ... by and large we think we’re on our way, but we’re not there yet,” he said. Oil prices have rallied to the highest since 2014 this year, trading above $70 a barrel, supported by an OPEC-led supply cut. There’s an acceptance that the OPEC-led deal should extend beyond 2018, Falih said.

    (Reuters)

    Euro zone consumer confidence jumps more than expected in January

    Brussels: Euro zone consumer confidence jumped much more than expected in January, a flash estimate from the European Commission showed on Tuesday, further underlining the momentum in the economy that is growing at its fastest in a decade. 

    The Commission said consumer confidence in the 19 countries sharing the euro in January rose to 1.3 points from 0.5 points in December, well above market consensus of a rise to 0.6.  In the wider European Union, confidence jumped 1.0 point to 0.4 points, the Commission said.

    (Reuters)

    Twitter COO Anthony Noto resigns to join online lender SoFi

    Bengaluru: Twitter Inc’s Chief Operating Officer Anthony Noto resigned to join online lender Social Finance Inc (SoFi) as its chief executive officer. 

    The microblogging site said on Tuesday that Noto’s role of leading its business and revenue generating operations would be taken over by other members from its leadership team. The Wall Street Journal had reported on Saturday that SoFi was in talks with Noto to hire him as its CEO.

    (Reuters)

    US hopes to present Middle East peace plan in 2018: Official

    Jerusalem: The United States hopes to present its long-awaited peace plan in 2018 but both Israel and the Palestinians have to be ready for it first, a White House official said on Tuesday. 

    Asked if the goal was to have the plan out this year, the White House official told reporters in Jerusalem: “My hope would be yes.” ”It’ll come out both when it’s ready and when both sides are actually willing to engage on it,” said the White House official, speaking on condition of anonymity.

    (Reuters)

    S&P, Dow open flat as trade concerns loom

    Bengaluru: The S&P and the Dow opened little changed on Tuesday as U.S. President Donald Trump’s move to impose steep import tariffs sparked concerns about potential retaliation. 

    The Nasdaq was slightly higher, helped by a 13 percent jump in Netflix, following the company’s upbeat results. The Dow Jones Industrial Average fell 2.38 points, or 0.01 percent, to 26,212.22. The S&P 500 gained 0.91 points, or 0.032122 percent, to 2,833.88. The Nasdaq Composite added 17.00 points, or 0.23 percent, to 7,425.04.

    (Reuters)

    Apple launches HomePod smart speaker sales from January 26

    Apple Inc will start taking online orders for its HomePod smart speaker from Jan. 26 in the United States, United Kingdom and Australia, just over a month later than initially planned. 

    The $349 voice-controlled speaker, introduced in June and originally slated for a December release, can make music suggestions and adjust home temperatures. HomePod will pitch Apple against rival smart speakers from Amazon.com Inc and Alphabet Inc.

    (Reuters)

    WDM witnesses trade worth Rs 2,154.80 cr on NSE

    Mumbai: Wholesale debt market segment of the National Stock Exchange today witnessed a total turnover of Rs 2,154.80 crore in 51 trades.

    Top securities (non-repo) traded at the WDM: The 6.68 per cent government securities maturing in CG2031 traded value at Rs 275.00 crore at weighted yield of 7.52 per cent and the 7.17 per cent government securities maturing in CG2028 traded value at Rs 160.00 crore at weighted yield of 7.27 per cent, an NSE release said.

    (PTI)

    Brexit implementation period has not been agreed with EU: PM May's spokesman

    London: Britain is still working to agree a transitional agreement on exiting the European Union, Prime Minister Theresa May’s spokesman said on Tuesday, after a report by The Independent that a deal had been reached. 

    “To suggest that agreement has already been reached would be wrong,” the spokesman said.

    (Reuters)

    Russia's VTB sees 2018 net profit at up to 170 billion roubles

    Moscow: VTB, Russia’s No.2 bank, expects to make up to 170 billion roubles (2.16 billion pounds) in net profit in 2018, the bank’s Chief Executive Andrey Kostin said on Tuesday, Russia’s RIA news agency reported. 

    In 2017, VTB’s net profit was seen at 107 billion roubles, Kostin said at an economic forum in Davos, repeating the assessment he voiced in an interview with Reuters earlier this month. Kostin also said that VTB planned to bring VTB’s net profit up to 220 billion roubles in 2020, RIA reported.

    (Reuters)

    Turkey says operations in Syria will end when refugees return home

    Ankara: Turkey’s military operations in Syria will come to an end when the 3.5 million Syrian refugees in Turkey can return safely, President Tayyip Erdogan’s spokesman said on Tuesday.

    In a statement following a security summit chaired by Erdogan in Ankara, Ibrahim Kalin said humanitarian aid work was also underway for civilians in Afrin, where Turkish troops and Syrian rebels have launched an offensive against Kurdish YPG militia fighters.

    (Reuters)

    US National Weather Service cancels tsunami watch for California

    The National Weather Service on Tuesday canceled a tsunami watch it has previously issued for California following a 7.9 magnitude earthquake that had struck the Gulf of Alaska. 

    “A Tsunami was generated by this event, but does not pose a threat to California,” the service’s San Francisco Bay Area office said on Twitter.

    (Reuters)

    British PM tells cabinet to have spending discussions in private: BBC editor

    London: British Prime Minister Theresa May pointedly told her senior ministers on Tuesday to have discussions in private after media reports that her foreign minister, Boris Johnson, was demanding an increase in health spending, the BBC political editor said.

    “Hear Johnson did not mention specific figures in Cabinet but there was long discussion about NHS including pointed remarks from PM and others that it’s better to have those conversations in private,” the BBC’s political editor, Laura Kuenssberg, said on Twitter.

    (Reuters)

    Verizon quarterly profit rises, helped by tax reform

    New York: Verizon Communications Inc (VZ.N) reported an increase in quarterly profit, helped by tax reform and phone subscriber additions.

    Net income attributable to Verizon was $18.7 billion(13.41 billion pounds), or $4.56 per share, in the fourth quarter ended Dec. 31, up from $4.5 billion, or $1.10 a share, in the year earlier period. Verizon said it added 431,000 phone subscribers who pay a monthly bill on a net basis.  

    (Reuters)

    France urges Turkey to show restraint in Syria offensive

    Paris: French Foreign Minister Jean-Yves Le Drian expressed concern on Tuesday about Turkey’s military offensive in northern Syria and warned the government to show restraint in its operations against Kurdish forces in the region.

    “I had the opportunity to tell my Turkish colleague... that this offensive worries us,” Le Drian told reporters, adding, "While we understand the concerns Turkey has about border security, we cannot but call on Turkey to show the greatest level restraint on this issue.”

    (Reuters)

     

    May tells cabinet to have spending discussions in private: BBC editor

    London: British Prime Minister Theresa May pointedly told her senior ministers on Tuesday to have discussions in private after media reports that her foreign minister, Boris Johnson, was demanding an increase in health spending, the BBC political editor said.

    “Hear Johnson did not mention specific figures in Cabinet but there was long discussion about NHS including pointed remarks from PM and others that it’s better to have those conversations in private,” the BBC’s political editor, Laura Kuenssberg, said on Twitter.

    (Reuters)

    Johnson & Johnson posts quarterly loss on tax-related charge

    Johnson & Johnson (JNJ.N) reported a huge quarterly loss on Tuesday, as the healthcare company booked $13.6 billion (9.75 billion pounds) in charge related to the new U.S. tax law passed in December.

    The company’s net loss was $10.71 billion, or $3.99 per share, in the fourth quarter, compared with a profit of $3.81 billion, or $1.38 per share, a year earlier. Sales rose to $20.20 billion from $18.12 billion.

    (Reuters)

    US dollar declines against rupee

    Mumbai: The US dollar declined against the rupee at Rs 63.78/79 per dollar but the pound sterling also finished higher at Rs 88.95/97 per pound 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 63.78/79, US Dollar Rs 63.7722, Pound Sterling 88.95/97, Euro Rs 78.2166, Euro 78.10/12, Japanese Yen (100) 57.77/79.

    (PTI) 

    Egypt army says ex-military chief's presidential bid is incitement

    Cairo: Egypt’s army said on Tuesday that an announcement by former chief of staff Sami Anan that he intends to run for president in an upcoming election amounts to incitement against the military, and that it was summoning him over the issue.

    An army spokesman said in a televised statement that Anan’s announcement was intended to drive a wedge between the armed forces and the Egyptian people.The statement said Anan had falsified official documents which stated his military service had terminated, which was required for former military officials to run for election.

    (Reuters) 

     

     

    Tsunami watch for Hawaii canceled

    Hawaii is no longer considered at risk from a possible tsunami that could be generated by a powerful earthquake that hit the Gulf of Alaska early on Tuesday, the Pacific Tsunami Warning Center said. 

    “Based on all available data there is no tsunami threat to the state of Hawaii. Therefore the tsunami watch for Hawaii is now canceled,” it said.The magnitude 7.9 earthquake also prompted warnings of a possible tsunami down the Canadian and U.S. west coast.

    (Reuters) 

    Bullion market closed for 'bandh' against sealing drive

    New Delhi: Bullion markets remained closed in the National Capital due to a Delhi trade 'bandh' called by the Confederation of All India Traders (CAIT) against sealing of business establishments in the city.

    (PTI) 

    UAE military ordered not to escalate Qatar crisis: Official

    Abu Dhabi: A military official in the United Arab Emirates said on Tuesday its forces had instructions not to escalate an ongoing diplomatic crisis with Qatar. 

    UAE military aircraft would also fly alternative routes over Saudi Arabia to avoid the possibility of interception by Qatari warplanes, air force brigadier general Helal Saeed al-Qubaisi told reporters at a news conference in the capital Abu Dhabi.

    (Reuters)

    Kurdish-led authorities in northeast Syria urge mobilization

    Beirut: The Kurdish-led administration of northeast Syria called on Tuesday for mass mobilization in defense of Syria’s Afrin region against a Turkish military offensive. 

    “We call on all our people to defend Afrin and its pride, and contribute in all the related activities,” it said in a statement without elaborating. Syrian Kurdish forces and their allies have set up three autonomous cantons, including Afrin in the northwest, since the start of the Syrian conflict.

    (Reuters)

    Mattis urges Turkish restraint in Syria, eyes toll on civilians

    Jakarta: US Defense Secretary Jim Mattis urged Turkey on Tuesday to exercise restraint in its military operations in northern Syria, which he said had disrupted the peaceful return of refugees and could prove to be an opening for al Qaeda and Islamic State. 

    “This could be exploited by ISIS and al Qaeda, obviously, that we’re not staying focused on them right now. And obviously it risks exacerbating the humanitarian crisis that most of Syria is going through,” Mattis told reporters during a trip to Indonesia, using an acronym for Islamic State.

    (Reuters)

    Globalistation is losing its lustre, Modi tells Davos summit

    Davos, Switzerland: Protectionism is gaining ground and globalisation is losing its attractiveness, Prime Minister Narendra Modi told the World Economic Forum on Tuesday. 

    Modi is leading a big government and business delegation to the summit in Davos, the first Indian prime minister do so in 21 years, aiming to showcase India as a fast growing economic power and a potential driver of global growth.

    (Reuters)

    Microsoft could lose big if it curbs sales in Russia: Minister

    Moscow: Microsoft could lose billions of dollars if it chooses to restrict its Russian clients due to sanctions, Russian communications minister Nikolai Nikoforov was quoted by local news agencies as saying on Tuesday. 

    Reuters reported on Monday that two of Microsoft’s official distributors in Russia imposed restrictions on sales of Microsoft software to more than 200 Russian companies following new U.S. sanctions, that came into force on Nov. 28. Russia is able to completely replace Microsoft software, RIA news agency quoted the minister as saying.

    (Reuters)

    UN calls for sustained peace, denuclearisation on Korean peninsula

    Geneva: A senior United Nations disarmament official on Tuesday welcomed an easing of tensions between North and South Korea, but called for further steps towards removing nuclear weapons from the divided peninsula.

    Izumi Nakamitsu, Under-Secretary-General and High Representative for Disarmament Affairs, told the U.N.-sponsored Conference on Disarmament (CD): “Such engagement must still be translated into the resumption of sincere dialogue leading to sustainable peace and denuclearisation on the Korean Peninsula”.There was no immediate reaction from North Korea’s delegation at the Geneva forum, which has begun its 2018 session.

    (Reuters)

    Sensex closes above 36,000-level for first time

    Mumbai: BSE's 30-share Sensitive Index (Sensex) on Tuesday surged 341.97 pts to close above 36,000-level for first time. While, NSE's Nifty50 gained 117.50 points to record 11,083.70.

    (PTI)

    Magnitude 8.2 quake off Alaska prompts tsunami warning

    An earthquake of magnitude 8.2 hit 256 km (157 miles) southeast of Chiniak, Alaska at a depth of 10 km at 0931 GMT on Tuesday, the U.S. Geological Survey said. 

    The quake prompted a tsunami warning for parts of Alaska and Canada and a tsunami watch for the entire U.S. west coast, the U.S. Tsunami Warning System said.

    (Reuters) 

    Tesla says CEO Musk to get paid only when company performs well

    Tesla Inc said on Tuesday its Chief Executive Elon Musk will receive no guaranteed compensation of any kind, and that he will be paid only if Tesla and all of its shareholders do extraordinarily well.

    The compensation will be based on a performance award, which will be based on a combination of market capitalization and operational milestones, Tesla said in a statement.

    (Reuters)

    Wholesale markets remain shut as traders observe 'bandh'

    New Delhi: All wholesale markets including bullion, metals, oils and oilseeds, kirana, sugar, dry fruits remained closed here today as traders observed a 'Delhi trade bandh'.

    The Confederation of All India Traders (CAIT) had called for a bandh to protest against ongoing sealing of business establishments in the city.

    (PTI)

    Lauda agrees not to disclose purchase price for Niki: Oesterreich TV

    Vienna: Former Formula One champion Niki Lauda has agreed not to disclose the price he will pay to acquire Niki, the airline he founded, Lauda told tabloid newspaper Oesterreich’s online television channel on Tuesday. 

    The airline’s administrators announced on Tuesday that Lauda had made the winning bid for Niki, beating British Airways owner IAG and other rivals.  Lauda said he planned to begin talks with Niki’s staff as soon as possible and resume flights at the end of March.

    (Reuters) 

    RBI sets rupee reference rate at 63.7722 against US dollar

    Mumbai: The Reserve Bank of India today fixed the reference rate of the rupee at 63.7722 against the US dollar and 78.2166 for the euro. The corresponding rates were 63.8895 and 78.1241, yesterday.

    According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 89.2046 and 57.57 per 100 yens, respectively, based on reference rates for
    the dollar and cross-currency quotes at noon. 

    (PTI)

    Mercedes-Benz to recall 6,639 cars in Russia: watchdog

    Moscow: Mercedes-Benz Rus, the Russian dealer of the famous automobile brand produced by Daimler AG (DAIGn.DE), will recall 6,639 cars sold in Russia, Russia’s technical safety watchdog Rosstandart said on Tuesday. 

    Daimler AG 75.54 DAIGN.DEXETRA -(-%) DAIGn.DE DAIGn.DE The order affects vehicles of A-, B-, C-, CLA-, GLA- and GLC- classes, produced between 2012 and 2014, the watchdog said.

     (Reuters) 

    EasyJet revenues boosted as rivals reduce capacity

    London: British budget airline easyJet (EZJ.L) said on Tuesday that recent reductions in capacity by competitors in the industry were contributing to a positive trading environment, as revenues improved in the first quarter.

    easyJet, Europe’s no.2 no-frills carrier behind Ryanair (RYA.I), said total revenue in the first quarter increased 14.4 percent to 1.14 billion pounds helped by lower growth from rivals in its markets and positive foreign exchange effects.

    (Reuters) 

    India oil refiner IOC says two died in fire at Panipat site

    New Delhi: Two people died on Monday in a fire at the catalyst storage site in Indian Oil Corp’s Panipat oil refinery, a company spokesman said on Tuesday.

    Refinery units were not hit by fire, and the 300,000 barrel per day refinery and naphtha cracker were operating at full capacity, the spokesman added.

    (Reuters)

    Earthquake of magnitude 6.1 strikes off Indonesia: USGS

    Jakarta: An earthquake of magnitude 6.1 struck off the Indonesian island of Java on Tuesday, the U.S. Geological Survey said. 

    The quake struck about 104 km (64.62 miles) west of the city of Sukabumi at a depth of 33 km (21 miles), but there were no immediate reports of damage or casualties.It shook some buildings in the capital Jakarta, about 100 km (62 miles) from the location of the quake.

    (Reuters) 

    No change in foodgrain prices

    Chennai: Prices of all commodities remained unchanged on the second day in the wholesale foodgrain market here today.

    Following are the wholesale rates of various agri-commodities (rates in rupees per quintal, unless stated otherwise):Thoor Dal Rs 7,200, Urad Dal Rs 6,700, Moong Dal Rs 7,200, Gram Dal Rs 5,200, Sugar Rs 3,500, Wheat Rs 2,600, Maida (90 kg) Rs 2,400 and Sooji (90 kg) Rs 3,000. 

    (PTI)

    Wheat futures weaken 0.18% on ample stocks

    New Delhi: Wheat prices eased by 0.18 per cent to Rs 1,686 per quintal in futures trading today as speculators reduced exposure, triggered by sufficient stocks positions in spot markets on higher supplies.

    At the National Commodity and Derivatives Exchange, wheat for delivery in February shed Rs 3, or 0.18 per cent to Rs 1,686 per quintal with an open interest of 5,470 lots.

    (PTI)

    Charing Cross station shut due to gas leak: Network Rail

    UK’s Network Rail said London’s Charing Cross station was closed early on Tuesday due to a gas leak in a nearby road.Emergency services are dealing with the incident and a cordon and road closures are also in place, the rail service said in a statement.

    bit.ly/2rBB9d9  Some services may be delayed or cancelled as a result, it said, adding that the station would be reopened as soon as it gets clearance from emergency services.Transport for London also tweeted, informing commuters that "A4 Strand / Northumberland St - Rd is closed" between Trafalgar Square and Bedford Street. bit.ly/2rza61O

    (Reuters) 

    Volcano erupts at Japanese ski resort, one missing in avalanche

    Tokyo: Rocks spat out by an erupting volcano rained down on skiers at a mountain resort in central Japan on Tuesday and one skier was missing following an avalanche that occurred shortly after the volcano exploded and engulfed nearly a dozen skiers. 

    All six were rescued but some were injured, it said.  Japanese media reported that as many as 15 people were injured, many apparently due to the volcanic rocks. The Fire and Disaster Management Agency said two people were seriously injured, with further details yet to be confirmed.Three others caught in the avalanche were also rescued, Japanese media said. 

    (Reuters) 

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