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-k6GF--621x414@LiveMint.JPG "BSE Senbad et Nifty 50 de NSE s'échangeaient en baisse jeudi. Photo: Reuters")
BSE Senbad and NSE's Nifty 50's trading down Thursday Photo: Reuters
- Mumbai: BSE Indian Index Indices Senbad and NSE's Nifty 50 traded flat The Indian rupee continued to depreciate against the US dollar due to weak global indices and losses suffered by other Asian countries. Asian equities were mixed while major currencies moved little in the early trades. The price of oil slid below 74 dollars a barrel as investors weighed tight US supplies against a promise from Saudi Arabia to increase production. Here are the latest updates on the markets: [19659004] 11:55 AM IST Mukesh Ambani launches Reliance Jio GigaFiber broadband services After creating a storm with its cheap mobile Internet services, Reliance Jio today launched its fiber optic landline. services. At its Annual General Meeting, Reliance Industries Ltd (RIL) President Mukesh Ambani announced the launch of the Jio GigaFiber service: "We are going to extend fiber connectivity to individuals, merchants, small and medium-sized businesses, and large businesses. oil prices fall as Donald Trump calls on Opec to lower prices Oil prices fell on Thursday after US President Donald Trump sent a strident tweet demanding that OPEC Lower crude prices.The escalation of trade between Washington and Beijing, which unleashed a new wave of liquidation of Asian stocks on Thursday, has also been felt on the oil markets, with China warning that there is no need for oil. it could introduce duties on US imports of crude at a date not yet specified. Crude futures were $ 77.68 per barrel at 0532 GMT, down 56 cents, or 0.7%, from their last close. West Texas Intermediate (WTI) futures prices fell 45 cents, or 0.6%, to $ 73.69 per barrel ( Reuters )
11:20 am IST [19659005] RIL AGM LIVE: Mukesh Ambani unveils Reliance JioGigaFiber Speaking at the 41st AGM RIL, Mukesh Ambani unveils JioGigaFiber from Reliance Jio, wired optical fiber broadband service. Read More
11.09 am IST Reliance Brands Acquires Minority Interest in Future101 Reliance Industries Ltd has stated that its Reliance Brands Ltd unit has purchased 12.5% of the capital of Future101 Design Pvt Ltd for Rs9. 50 crore. Future101, incorporated in July 2013, is engaged in the manufacture, distribution and sale of luxury clothing, etc. in India. "We expect growth in this sector and the value creation of this investment," RIL said in a statement. Future101 reported an annual business turnover of Rs22.18 crore, Rs20.85 crore and Rs17.11 crore in 2017-18, 2016-17 and 2015-16, respectively. RIL shares were up 1.76%
10:30 IST The Future Lifestyle Fashions Action Increases 4% The Future Lifestyle Fashions Ltd Action Raises 4 % to Rs 412.90 after the company announced Wednesday to have entered into a conditional agreement Acquisition of 29.9% of the online fashion distributor Koovs Plc for € 140 crore, subject to regulatory and procedural authorizations
9:50 IST [19659005] Tata Motors drops 4% on JLR's Breixt woes Tata Motors Ltd shares fall 4% to 257.25 rupees after Jaguar Land Rover warned that a hard Brexit would cost the company a lot. business £ 1.2 billion a year in commercial rates, reports Financial Times .
9:30 am IST RIL shares win before annual meeting Reliance Industries Ltd shares rose 1.1% to Rs1,000.95 before its annual general meeting planned later today after 11am . At the AGA RIL, investors will remain closely informed about announcements about its telecommunications business (Reliance Jio Infocomm Ltd), if any. Deadlines and statements regarding the FTTH (fiber optics up to the home) and the launch of the business will be crucial to watch
9:45 am IST Senbad, Nifty trade dish BSE Senbad slightly decreased by 7.50 points, or 0.02%, to 35.637.90, while the Nifty 50 slightly increased by 3.55 points, or 0.03%, to 10.773.45.
9:20 AM IST The rupee reverses gains, trades lower against the US dollar The US dollar on Thursday morning, followed losses across Asian peers as traders were cautious before implementing the tariffs in China and the United States and key data from the United States. The announcement Wednesday by the government of an increase in minimum prices of crop support also eased the sentiment. At 9:15, the rupee traded at 68.83 against the US dollar, down 0.12% from its previous close of 68.74. It opened at 68.75 and touched a minimum of 68.84 (Ravindra N. Sonavane / Mint)
8:43 AM IST Opening bell: The clues to watch for before trading today [19659006] ■ US stocks plummeted technology shares fell sharply, while lingering concerns over a trade dispute between the United States and other major economies have shaken investors. Asian markets were little changed during early trading as investors sought direction before the deadline for implementing US and Chinese tariffs. ■ Ensuring a smooth transition within the group will be his first priority, The President of Development Finance Corp. Ltd. (HDFC), Deepak Parekh, said in its annual letter to shareholders. Succession planning takes 18 to 24 months to prepare, said Parekh, referring to the impending retirement of HDFC Bank CEO Aditya Puri. The boards of directors of the respective companies will look at internal and external candidates to fill positions, he said. ■ The Supreme Court has proposed Jaiprakash Associates Ltd. (JAL), the parent company of Jaypee Infratech Ltd. (JIL) Crore to prove that it is in good faith in court, having failed to file Rs1,000 crore as indicated on May 16th. ■ Reliance Industries Ltd, India's second largest enterprise in market value, concluded at least 12-12 months with an estimate of about 28,900 crores ($ 4.21 billion), according to the calculations of Jefferies Group LLC and Bloomberg. ■ The Narendra Modi government approved an increase of 200 rupees per quintal minimum support price for paddy, the main crop planted by farmers in the rainfed kharif season. ■ In what could be considered a rare transformation in business, especially that triggered by a rival, Bharti Airtel Ltd is gradually turning into a technology-driven society. bei ■ 1965, the acquisition of Fortis Healthcare Ltd became a two-horse race with IHH Healthcare Bhd in Malaysia and Manipal Health Enterprises Pvt supported by TPG. The Reserve Bank of India has tightened the rules on bank auditors, reserving the right not to approve the appointments of these auditors for a specified period if their quality of auditing has not been found.
First publication: Thu, Jul 05 2018. 09 9 pm IST
