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Thursday, January 19, 2017

Dhanuka Agritech to buy back R79-crore shares

Dhanuka Agrotech has filed a draft offer of letter with the Securities and Exchange Board of India (Sebi) for the buyback of 9.4 lakh shares worth R79 crore. The post Dhanuka Agritech to buy back R79-crore shares appeared first on The Financial Express.

Cabinet clears stake sale in PSU general, eyes Rs 23,000 cr

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved listing of five state-owned general insurance companies, thus paving the way for reducing the government’s stake in these insurers from 100% to 75%. The post Cabinet clears stake sale in PSU general, eyes Rs 23,000 cr appeared first on The Financial Express.

Non-food credit growth hits multi-year low of 5.1%

Non-food credit growth continued its downward trajectory in the fortnight ended January 6, hitting a multi-year low of 5.1% on a year-on-year (y-o-y) basis, according to data released by the Reserve Bank of India (RBI). The post Non-food credit growth hits multi-year low of 5.1% appeared first on The Financial Express.

Supreme Infra’s R4,500-cr debt to be recast under S4A

The company’s debt will be bifurcated into sustainable and unsustainable portions. The sustainable debt will have to be serviced on the same terms as that of the existing facilities The post Supreme Infra’s R4,500-cr debt to be recast under S4A appeared first on The Financial Express.

Global Markets: Asian shares down, dollar jumps on Janet Yellen’s rate hike signal

Asian shares edged lower on Thursday and the dollar rebounded after Federal Reserve Chair Janet Yellen hinted that interest rates in the United States could rise quickly this year. The post Global Markets: Asian shares down, dollar jumps on Janet Yellen’s rate hike signal appeared first on The Financial Express.

Gold under pressure on Janet Yellen’s support for rate hikes

Gold prices on Thursday held on to their losses from the previous session, when they fell 1 percent on a strong dollar, after Federal Reserve Chair Janet Yellen advocated lifting U.S. interest rates gradually. The post Gold under pressure on Janet Yellen’s support for rate hikes appeared first on The Financial Express.

Oil rises from 1-week low, US inventory data in focus

US oil on Thursday moved away from one-week lows touched the session before, with investors turning their attention to upcoming government data on U.S. inventories. The post Oil rises from 1-week low, US inventory data in focus appeared first on The Financial Express.

Key Samsung shares open up after court dismisses arrest warrant for group leader

Shares of key Samsung Group companies opened higher on Thursday, after a South Korean court rejected the special prosecutor's request for an arrest warrant for Samsung Group leader Jay Y. Lee. The post Key Samsung shares open up after court dismisses arrest warrant for group leader appeared first on The Financial Express.

China says FX reserves ample, has plan to deal with outflows

China's foreign exchange regulator said on Thursday the country's forex reserves were ample and it has plans to deal with cross-border capital flows, even as bank forex sales in December climbed to their highest in nearly a year. The post China says FX reserves ample, has plan to deal with outflows appeared first on The Financial Express.

Sebi prepares to allow options trading in commodity bourses

Market regulator Sebi today came out with draft norms that seeks to allow options trading in commodity bourses as part of efforts to deepen the nascent commodity derivatives market. The post Sebi prepares to allow options trading in commodity bourses appeared first on The Financial Express.