Sensex ends 122 pts higher ahead of F&O expiry, SBI soars

Markets today carried forward the winning momentum to the second session as the Sensex climbed 122 points to end at about 1-week high of 29,531.43, spurred by SBI and ICICI Bank, ahead of derivatives expiry tomorrow. Mood was also aided by a firming trend at other Asian bourses and a higher opening in Europe, traders said. After a positive start, the 30-share Sensex rose further to hit the day’s high of 29,554.39 and settled up 121.91 points, or 0.41 per cent, at 29,531.43 — a level last seen on March…

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Mastercard to tap growing Indian e-commerce market

Identifying India as one of the fastest growing e-commerce nations, Mastercard has said it will expand its investment by over 30 per cent in tune with the Indian government’s “digital India” initiative. “India is one of the top priorities in the region. We have increased our investments in India by over 30 per cent in the last two years and we are going to increase it even more,” Sam Ahmed, Mastercard’s senior vice-president of marketing for Asia Pacific, told PTI here. Ahmed indicated that Mastercard’s, one of the world’s largest…

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Gold declines by Rs. 70 on easing demand, silver recovers

Gold prices fell by Rs 70 to Rs 29,630 per 10 gram, owing to slackened demand from local jewellers even as the metal strengthen overseas. On the other hand, silver recovered by Rs 50 to Rs 41,600 per kg on increased offtake by industrial units and coin makers. Traders attributed the slide in gold prices to a fall in demand from local jewellers and retailers but a firm trend overseas capped the losses. Globally, gold rose 0.12 per cent to USD 1,206 an ounce in Singapore as weakness in the…

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Sun Pharma to acquire branded oncology product Odomzo® (sonidegib) for global markets

Transaction gives Sun Pharma its first branded oncology product Odomzo® extends Sun Pharma’s commitment in dermatology Odomzo® has marketing approval in over 30 countries globally including US, Europe and Australia   Sun Pharma (Reuters: SUN.BO, Bloomberg: SUNPIN, NSE: SUNPHARMA, BSE: 524715, Sun Pharmaceutical Industries Ltd and includes its subsidiaries or associate companies today announced its plans to acquire a branded oncology product, Odomzo, from Novartis. The agreement has been signed between subsidiaries of both the companies and will close following anti-trust clearance and further closing conditions. The agreement has been…

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8K Miles Software Services to acquire Cornerstone Advisors Group – US Healthcare Information Technology Company

8K Miles Software Services, Ltd. (“8K Miles”, “Company”), the leading provider ofSecure Cloud Managed Services for highly regulated industriesand Enterprise IT Business Transformation solutions — announced today that the Company’s US-subsidiary 8K Miles Software Services, Inc. has entered into a definitive Agreement (“Agreement”) to acquire Cornerstone Advisors Group, LLC. (“Cornerstone”), a leading US Healthcare Information Technology company, for $10,250,000 (Ten Million Two Hundred Fifty Thousand US Dollars) inclusive of earn-out payments as a combination of cash and stock from the 8K Miles US-subsidiary. This acquisition is subject to customary closing…

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Sensex tanks 546 pts on global sell-off over Fed rate concern

Market benchmark Sensex nosedived by almost 546 points to 28,251.31, while Nifty broke below the 8,700-level in the opening trade today on heavy selling after revived speculation about a possible US rate hike. Moreover, the rupee depreciating by 25 paise to 66.93 against the dollar in opening trade at the forex market also had a bearing on the sentiment. Investors also turned cautious ahead of macroeconomic data – IIP for July and inflation data for August – scheduled to be released later in the day. Consequently, the Sensex plunged by…

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Ujjivan Financial Services chooses DDB Mudra Group as its Integrated Communications Agency of Choice for the Small Finance Bank Launch

In another decisive move aimed at building a powerful Small Finance Bank Brand, Ujjivan announced that following a highly competitive multi-agency pitch, DDB Mudra Group has won the mandate to be its Integrated Communications Agency of Choice to work on the transition to becoming a Small Finance Bank. Taking full cognizance of the brand and marketing challenges in this competitive space, Ujjivan is now continuously building the railroads for developing a powerful 360 degrees communication campaign for its launch which will span multimedia efforts. Speaking on this development, Mr. Vijay…

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ASCI UPHELD COMPLAINTS AGAINST 109 OUT OF 155 ADVERTISEMENTS

In May 2016, ASCI’s Consumer Complaints Council (CCC) upheld complaints against 109 out of 155 advertisements. Out of109 advertisements against which complaints were upheld, 41 belonged to theHealthcare & Personal Care category, 23to theEducation category, followed by 12 in the Food & Beverages category, 9 in the E-commerce Category, 9 in Consumer Durables Category and 15 advertisements from other categories. HEALTH & PERSONAL CARE  The CCC found the following claims in health care & personal care product or service advertisements of 41advertisers to be either misleading or false or not adequately…

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Balaji Amines PAT up by 105.51%

The Net Profit, increased from Rs. 12.81cr to Rs. 26.34 cr. Sales Increased by 3.81% from Rs. 159.63cr to Rs. 165.72cr.   Balaji Amines Ltd, World’s largest producer of DMA-HCL and India’s largest manufacturer of Aliphatic Amines announced its first quarter result for the FY16-17. On a year-to-year basis, the profit increased by 105.51% from Rs. 12.81 cr to Rs. 26.34 cr. Also The Sales for the quarter ended June 30th; 2016 increased by 3.81% from Rs. 159.63 cr to Rs. 165.72cr. Key Operating Highlights Recorded net sales of Rs….

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Sensex trades flat in early trade, down 31 points

The benchmark BSE Sensex shed over 31 points in early trade today on selling in banking and IT stocks by investors after recent gains amid mixed Asian trends. Investors were cautious ahead of July series expiry in the derivatives segment on Thursday, brokers said. The 30-share barometer, which had gained 384.82 points in the previous two sessions, fell by 31.39 points or 0.11 per cent to 28,063.95. Also, the NSE Nifty declined by 15.20 points or 0.17 per cent to 8,620.45. Among major losers on BSE were Lupin, HDFC Ltd,…

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