Quick viewing(Text Mode)

Strong Global Cues Lift Indices

Strong Global Cues Lift Indices

By December 2018, we have to bring electricity to every household. In this work, negligence will not be tolerated at any cost CHIEF MINISTER , TUESDAY 10 JULY 2018 11 THUMBNAILS Strong global cues lift indices ‘Single GST rate slab ridiculous suggestion’ STATESMAN NEWS SERVICE NSE NIFTY BSE SENSEX missing Cyrus Mistry's peti- pricing in steady withdrawals , 9 JULY tion challenging his ouster as by foreign portfolio investors or Intra-day on July 9, 2018 Intra-day on July 9, 2018 chairman of Tata Sons. FPIs who have been pulling out PTI arket participants +80.25 +276.86 Analysts say the crucial from debt as well as equity KOLKATA, 9 JULY in Dalal Street (+0.74%) (+0.78%) High: ruling delivers major relief markets since April. July so far High: 35,977.37 look forward to a 10,860.35 to Tata Sons as it would enable is the fourth successive month Union Finance Minister strong start to the Open: Open: it to overcome several uncer- when FPIs till date are net sell- on Monday MApril-June earnings season 10,838.30 35,835.10 tainties. Among group stocks, ers. On Friday they dumped said that the proposal of with Tata Consultancy Services TCS although was under pres- `968.18 crore worth stocks tak- some political parties for a Close: Close: Janardan Choudhary takes — the company with largest 35,934.72 sure for most part of the day, ing the sell-of tally for the month single GST rate slab was a over as director (Techni- market capital of more than 10,852.90 moved between low and high to `2,455.44 crore. But indices "ridiculous suggestion". Some cal) of NHPC: Janardan `7.3 lakh crore — all set to Low: Low: of `1,880 and `1,924.40 on BSE. continue to add gains amid political outfits had been Previous close: Previous close: Choudhary has taken over 10,807.15 35,779.72 announce its numbers for 10,772.65 35,657.86 The share also witnessed regular consolidation as DIIs con- clamoring for doing away as Director (Technical) of Q1 of fiscal 2018-19 on Tues- block deal(s) @`1,889/share tinue to raise their positions via with the four-slab Goods NHPC Limited, ’s pre- day. 9 1112 1310 14 15 16 9 10 11 12 13 14 15 16 worth `12.80 crore on NSE in stock specific action. They were and Services Tax (GST) rate mier hydropower compa- The company is expected early trade. `1,480.82 crore worth net buy- structure and the Congress ny and a ‘Mini Ratna’ Cat- to give insight into revenue and The company last month ers on Friday. For the month their had promised to reduce it to egory-I on 5 July. Choud- profit gains not by just TCS but tum in line with Asia-Pacific monthly monetary and cred- had announced buyback of net investment so far stands at one slab if voted to power in hary started his profes- by other major IT compa- markets on rising employ- it policy in the first week of shares worth `16,000 crore after ` 2,073.7 crore. Some broker- 2019. sional career in NHPC Lim- nies such as Infosys Tech- ment in the United States as August. Equity and currency it surpassed m-cap of $100 bil- ages feel FPIs are unlikely to "One rate of tax is a ridicu- ited as executive trainee nologies, Wipro, HCL Tech was revealed by data over the markets feel the monetary lion. Tata Motors stock reverse the trend until they lous suggestion. It would be in December, 1984 from and Tech Mahindra. Relying weekend. policy committee may not increased 2 per cent intra-day receive credible forecast or a burden on the poor and the Tanakpur Project. SNS on the future guidance or The Sensex for the first hike its benchmark repur- on rise in sales of its main prof- opinion about the likely outcome middle class if items of daily the finance ministry owing comments of each IT firm, the time in many months crossed chasing or repo rate at least it earner — Jaguar Land Rover of April-May 2019 Parliament use like salt, sugar and clothes to 's indisposition. market analysts/brokerages the 35,900-mark as the BSE in its coming policy state- — by 6.4 per cent in June and election. were taxed at 18 per cent," "How is it that Mercedes Shares in Xiaomi fall on expect a strong growth for IT benchmark held on to its ment and is likely to retain its as well as by 0.9 per cent to The Sensex ended 35,934.72 Goyal said at an Indian Cham- Benz and aircraft becoming Hong Kong debut: Chinese segment. However, specula- intra-day gains. "neutral" policy stance con- 52,049 units YoY. Tata Steel is (+276.86) points gaining 0.78 per ber of Commerce event. He cheaper by a single rate. This smartphone giant Xiaomi tors hammered TCS share on This, analysts claim, indi- sidering improvement in rural already an active counter on cent. Nifty was 0.74 per cent up said that the past Congress- would have been the worst kicked off its trading Monday to book profit as the cates that the retaliatory tar- economy. both exchanges ever since its at 10,852.90 (+80.25) points. Nifty led UPA government had form of governance," he said. debut in Hong Kong on market appears ready to pick iff hike by China on US goods For the time being, the successful bid to acquire Bank increased 0.98 per cent proposed a 18 per cent sin- However, Goyal said rates Monday, a long-awaited up TCS on Tuesday. is unlikely to inflict major market would be keen on the Bhushan Steel for a consid- to close 26,753.30 (+259.45) gle GST slab looking at the of 328 items out of a total of IPO overshadowed by the Positive external indicators damage on the US economy central bank's views on impres- eration of Rs 35,000 crore. More- points. In Sensex 25 shares tax collections and conces- 1,200 had been reduced after start of a US-China trade such as job data from Amer- which is improving under sive increase in MSPs or min- over, several brokerages such were up and six down. For sions given to the poor. the implementation of GST war and bearish investor ica also supported stock rally President Trump. imum support prices for Kharif Motilal Oswal, HDFC Securities, Nifty the ratio was. 38:12. Gain- "The rate proposed ear- in July last year. sentiment. Shares opened not only in Dalal Street but also Systematic spread of the agriculture produce pro- Nirmal Bang Securities and ers in BSE benchmark includ- lier would have not been "What stops us from elim- at 16.60 Hong Kong dol- in Asia-Pacific region. monsoon across almost all curement. Kotak Equities gave favourable ed Yes Bank `362.50, 2.87 per accepted. Also, the GST struc- ination of slabs or further lars (& 2.12) in Hong Kong, The 30-share Sensitive states in India also cheered the The day's highlight was assessment of TCS earnings cent; RIL ` 997.05, 2.10 per ture would have not worked," reduction in rates on more down from their IPO price Index of Bombay Stock market as it would be effec- upside in the prices of Tata for Q1 FY2018-19. cent; Axis Bank `522.65, 1.63 per Goyal, who also holds charges items is if all the taxpayers pay of 17.00 Hong Kong dol- Exchange and 50-scrip Nifty tively taken note of by the Group shares following the Meanwhile, domestic bench- cent; and SBI Rs 261.30, 1.50 per of coal, railways and corpo- their taxes," he asked. India lars. Investors felt a lack of National Stock Exchange Reserve which NCLT or National Company marks as well as mid-cap and cent. TCS was 1.42 per cent rate affairs ministries, said. could really be a low tax of confidence even opened with upside momen- will be releasing its third bi- Law Tribunal's verdict dis- small cap indices appear to be down at `1,886.15. Goyal has been looking after nation, he said. before public trading started, selling their shares at a discount on the unofficial “grey mar- ket” last week, Bloomberg Ease of doing biz: Ranking of Samsung opens largest mobile factory in Noida News reported. PTI states to be released today CURRENCY PRESS TRUST OF INDIA company raise its capacity in Government's Make in India' In June last year Samsung services across the country PTI The move is aimed at trig- NOIDA, 9 JULY a phased manner, from 68 mil- programme. Samsung is a long- had announced investment of and also fulfil the company's CURRENCY* (IN RUPEES) NEW DELHI, 9 JULY gering competition among lion units at present, to 120 mil- term partner of India. Rs 4,915 crore to add new goal of making India an export states to attract investments South Korean consumer elec- lion. The company also launched "The company is aligned capacity at the Noida plant in hub for the world, Samsung said US$ 68.00 The commerce and industry and improve business climate. tronics major Samsung today 'Make for the World' initiative, with government policies and . in a statement. EURO 79.95 ministry will on Tuesday The ministry will release inaugurated the world's largest whereby it aims to export will continue to seek their sup- Set up in 1996, Samsung's Presently all Samsung mobile UK POUND 90.45 release the ranking of states of ranking of states and UTs mobile phone factory here mobile handsets produced in port to achieve dream of mak- Noida factory, is one of the phones, including YEN/100 0.60 and union territories (UTs) under the business reform which will double its annual India, to overseas markets. ing India a global export hub first global electronics manu- its flagship Galaxy S9, S9+ SW FR 67.45 in terms of ease of doing action plan, 2017, an official handset production Samsung India CEO HC for mobile phones," the Sam- facturing facilities set up in and Galaxy Note8, are CAN$ 51.65 business. said.State governments are capacity to 120 million units by Hong said: "Our Noida facto- sung India CEO said. India. manufactured at its Noida SING$ 49.15 and Telan- taking several steps such as 2020. The facility was inaugu- ry, the world's largest Chief minister of Uttar A bigger manufacturing plant. The South Korean major MAL RIN/100 16.50 gana jointly topped the 2016 setting up of single window rated jointly by Prime Minister mobile factory, is a symbol of Pradesh and plant, spread over 129,000 has another manufac- THAI BAHT/100 2.01 all-India State/Union Terri- system for approvals to and South Samsung's strong commit- Union culture minister Mahesh sq metres, will help Sam-sung turing unit at Sriperumbudur, tory-wise Ease of Doing Busi- improve ease of doing busi- Korean President Moon Jae-in. ment to India, and a shining Sharma were present at the meet the growing demand for near , five R&D centres *THOMAS COOK’S SELLING RATES ness rankings. ness. The new plant will help the example of the success of the event. its innovative products and and one design centre in India. PUBLIC SECTOR ROUNDUP CARO FOUNDATION STONE Special vendor development programme for SC/ST Indian Oil inaugurates GAIL Gas Limited organised dors and contractors in the CPSEs/central ministries and Swachhta Pakhwada a special vendor develop- Oil & Gas sector. He espoused SC/ST suppliers. ment programme for SC/ST- the need and corporate com- During the programme, the run vendors for strengthen- mitment for similar devel- current status of the pro- ing the supplier base for the opment of SC/ST entrepre- curement done by CPSEs company and implementa- neurs, in line with the thrust from MSMEs (including SC/ST tion of the public pocure- of the .” MSEs) during the last Finan- ment policies. GAIL Gas is a policy dri- Such vendor development cial Year was highlighted. Chief executive officer, ven progressive company, programmes has been made The programme brought GAIL Gas Limited AK Jana, committed to promote mandate as per procurement various insights to under- (C&P), ED GAIL (India) Lim- MSMEs,” said GAIL Chief policy by CPSEs/central min- stand the gaps in realising the ited DP Sen, chief general executive officer AK Jana. istries. It will help to expedite mandate of public procure- manager(C&P), GAIL Gas Speaking on the occasion, and encourage the SC/ST ment policy and put forth Director (Refineries) BV Gopal (fourth from left) along Limited Kunal Kumar Ghosh CGM (C&P), GAIL Gas Lim- enterprises to be part of pub- innovative strategies for holis- with functional heads, releasing a special poster on Swachh- and director of MSME and ited Kunal Kumar Ghosh lic procurement process. tic development of MSEs ta at the inaugural function of Swachh Bharat Pakhwada at NSIC were present at the said “GAIL has played a piv- It facilitates also strength- owned by SC/ST Entrepre- Indian Oil's Refineries headquarters. occasion. otal role in developing ven- en the interaction between neurs. Joining hands with the coun- A special poster try's biggest mass cleanliness showcasing the 210 get flats under GPRA scheme drive, the Swachh Bharat impact on helpless ani- IGNCA Pakhwada, Indian Oil’s Refiner- mals caused by the lit- ies director B V Rama Gopal Union Minister of Commerce & Industries and civil aviation tering of non-reusable Union Minister of State (Inde- introduces flagged-off the pan India during foundation stone laying of Civil Aviation pendent charge) Housing and movement by administering plastic waste was Research Organisation (CARO) at Begumpet Airport, Hyder- released by director abad in presence of Airports Authority of India (AAI) officials. Urban Affairs (MoHUA), Hard- new courses the Swachhta pledge to eep Singh Puri handed over IOCians. (Refineries) 210 flats of Type II to allottees National Addressing IOCians, Rama INDIA INFRASTRUCTURE EXPO 2018 for possession under the Gov- Centre for the Arts (IGNCA) Gopal termed the Clean India Ganga to utilise treated water ernment Pool Residential has decided to introduce five Mission as a continuous jour- from the STP for refinery Accommodation (GPRA) rede- diploma courses and 6 new ney of change and lauded operations and saving Yamu- velopment scheme at East Certificate Courses in art and IndianOil refinery units for con- na river water. Kidwai Nagar, New Delhi on culture and related sub- structing toilets across the ED (HR), RHQ, V K Shuk- 4 July. jects. country as part of the Swachh la said that cleanliness is an NBCC (India) Limited is the Basic aim of these cours- Bharat initiative with a mis- integral part of our life that implementing agency for this ter quality of life and envi- kitchen, cupboards and a bal- es is to create arts and cul- sionary zeal, director (Refiner- starts from self, and even a redevelopment project which ronmental rejuvenation. I cony with each room. A total ture with all its dimension ies) also shared the major small change in individual was approved in June 2012 congratulate NBCC for hav- of 4,608 houses are being and information technolo- achievements of refinery loca- habits can bring about a vast from the Union Cabinet. This ing executed the project in a built with a total built-up gy to design and develop tions, that would go a long way change in the society as well project has been undertaken speedy manner.” area of 5.31 lakh square metres. content exploration sys- in strengthening the mission as the country. on Self-Revenue Generation The East Kidwai Nagar Out of 78 residential tow- tem to intensify culture of creating a clean-green India. A special poster show- Model through leasing of complex will be maintained ers, 58 have been completed. learning and visualisation. These include providing casing the impact on helpless office spaces to government by NBCC for the next 30 years. The remaining towers will be It employees modern dig- sanitation facilities and beau- animals caused by the litter- departments, public sector The old colony had 2,444 completed by December 2018. ital tools, techniques, and tification underneath the ing of non-reusable plastic undertakings and public sec- houses with a total built-up It is a 3-star GRIHA-rated methodologies to achieve Panipat city flyover, setting up waste was released by direc- Limited (IRCON) participated in the tor banks. area of 88,476 square metres. project with green features like the intended purposes. of a waste to energy power gen- tor (Refineries). Awards were India Infrastructure Expo 2018 organised at NCPA ground, said, In the redeveloped project, the a sewage treatment plant. For the diploma cours- eration plant at Varanasi and also presented to the house- Nariman Point, Mumbai from 24 to 26 June. During the “Such buildings made by unit size is much bigger and The treated water will be used es, interested candidates the agreement between keeping staff for their com- event, IRCON showcased its achievements and offerings in using green and sustainable the new flats come with mod- for horticulture and flush- can apply before 10 July Mathura Refinery and the mitted role in keeping our the realm of infrastructure development. technologies will lead to bet- ern amenities like modular ing. 2018. National Mission for Clean offices and surrounding clean. Gangwar inaugurates 100-bed ESIC Hospital in PNB to focus on enhanced customer services Union Minister of State, The ESI hospital will soon To ensure better account- ignated as Large Corporate branches like the Brady House Petroleum & Natural Gas increased its beds from 100 ability and operations the Branches (LCBs) while reg- branch in Mumbai. Reallo- inaugu- to 300 and Medical college Punjab National Bank (PNB) ular branches will concentrate cation of some of the accounts rated 100-bed ESI hospital will also be started here in is shifting most of the bor- on regular savings accounts is part of the restructuring in Patna on 7 July. coming future. rowal accounts above `50 and CASA. For Centres locat- process aimed at central- On the occasion Deputy said, crore to branches which will ed in Metropolitan Cities, ization of critical functions Chief Minister Sushil This hospital is bulit on 25- be designated Systemically in addition to and large corporate accounts. Kumar Modi and rural acre land and assured that Important Branches (SIBs). LCBs/MCBs/IBBs, two to Retail operations for PNB development minister Ram the government will There will be over 60 such three branches are to be des- customers continue to oper- Kripal Yadav were also pre- support fully to open med- branches across the country ignated as SIBs depending ate from the branches like sent. ical college here. and creation of these branch- The bank is in the process of upon geographical conve- Brady House." Gangwar while inaugu- He also informed that es will not only mean better shifting most of the large nience. The bank is looking at rating the hospital said, various social security and servicing of these accounts accounts to SIBs. A senior PNB official fur- centralised centres of excel- “This 100-bed hospital is health benefits projects will but will also ensure better Apart from these most of ther clarified, “Contrary to lence to execute “Mission the first step for beneficiaries also soon be started by the checks and balances over the bigger accounts will be false reports, PNB has no Parivartan’ for lending oper- of ESI hospitals in the state. government in the state. large accounts. operated from branches des- plans to close operations in ations and recovery too.

Top View