India Finance and Business news

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Oil ministry gives nod to petrol, diesel futures
Economic Times NEW DELHI: The oil ministry has given in-principle nod to petrol and diesel futures, ETNow reported on Monday quoting sources. Capital markets regulator Sebi will take the final decision on petrol and diesel futures, the report added. ICEX (Indian ... ---

Supreme Infrastructure India#39;s board meeting on May 30, 2018
Supreme Infrastructure India#39;s board meeting on May 30, 2018 We would like to inform you that the meeting of the Board of Directors of Supreme Infrastructure India will be held on Wednesday, May 30, 2018, to consider and approve the Standalone and Consolidated Audited Financial Results for the year ended March 31, 2018.

ITC To Resume Cigarette Manufacturing
ITC manufactures a range of cigarette brands, including India Kings, Classic, Gold Flake, Navy Cut, Capstan, Bristol, Flake, Silk Cut, which are manufactured at plants in Bengaluru, Munger, Saharanpur...

India seeks to speed up foreign deals with 'one-stop shop'
The Finance Ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in foreign direct investments and share purchases, two government sources said.

Jio is about to have the rival it would've liked to avoid at all costs
Jio is about to have the rival it would've liked to avoid at all costsJio's big challenger is finally here. The coming merger will create a rival with 410 mn customers, 42% customer market share and 37% revenue market share.

Easing crude prices lift Indian equity indices
Mumbai: The key Indian equity indices traded in the positive territory on Monday afternoon due to the fall in global crude oil prices.According to market analysts, heavy buying was observed in the capital goods, oil and gas and banking stocks.However, heavy selling pressure on the IT, Teck (technology, entertainment and media) and consumer durables stocks limited the gains on the indices.At 12.29 p.m., the wider 50-scrip Nifty of the National Stock Exchange (NSE) traded at 10,687.55 points -- up 82.40 points or 0.78 per cent -- from the previous close of 10,605.15 points.Similarly, the 30-scrip Sensitive Index (Sensex) of the BSE, which had opened at 35,074.32 points, traded at 35,178.33 points (at 12.31 p.m.), higher by 253.46 points or 0.73 per cent from the previous close at 34,924.87 points.The Sensex has so far touched a high of 35,174.43 points and a low of 35,006.50 points in the trade so far. The BSE market breadth was bullish with 1,728 advances so far against 731 declines.The major gainers on the BSE were Sun Pharma, Coal India, Larsen and Toubro, Asian Paints and Maruti Suzuki while Tata Consultancy Services (TCS), Infosys, Bharti Airtel, Mahindra and Mahindra and Adani Ports were the major losers.On the NSE, the top gainers were Sun Pharma, Hindustan Petroleum and BPCL. The major losers were Tech Mahindra, HCL Technologies and TCS.

L.L. Bean rebuffs boycott over granddaughter’s big Trump donation
L.L. Bean rebuffs boycott over granddaughter’s big Trump donationA man wipes off the headlights of the L.L. Bean Bootmobile in the parking lot at the facility where the famous outdoor boot is made. L.L. Bean is pushing back against a boycott led by a group urging consumers not to shop at retailers that support President-elect Donald Trump after it was revealed that Linda Bean, heir of the Maine-based company’s founder, had donated to a political action committee that helped elect Trump. “We are deeply troubled by the portrayal of L.L. Bean as a supporter of any political agenda,” Shawn Gorman, L.L. Bean’s executive chairman, said in a statement posted to Facebook late Sunday.