Browse Category: commodity tips

Oracle Financial Services allots 2,030 equity shares

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Oracle Financial Services Software said that it has allotted 2,030 equity shares to the eligible Employees of the Company under the Employee Stock Option Scheme 2011 and OFSS Stock Plan 2014. “The ESOP Allotment Committee of the Company at its meeting held today allotted 2,030 equity shares of face value of Rs.5/- each to the eligible Employees of the Company who have exercised their stock options under the Employee Stock Option Scheme 2011 and OFSS Stock Plan 2014,” the company said in a filing to the Bombay Stock Exchange.

These shares shall rank pari passu with the existing equity shares of the Company in all respects. In this allotment, no shares are allotted to Directors of the Company. With this allotment, the paid up capital of the Company has increased to Rs. 426,545,240.00 divided into 85,309,048 equity shares of face value of Rs.5/- each.

Meanwhile, shares of the company were trading at Rs 3544.05 apiece, up 0.90 per cent from the previous close at 11:20 hours on BSE.

India inks 8 MoUs with Myanmar

India inks 8 MoUs with Myanmar

 

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India and Myanmar today signed eight agreements in a range of sectors, including one to strengthen democratic institutions in this country, to further build their multifaceted partnership. The MoUs were signed after Prime Minister Narendra Modi held wide-ranging talks with Myanmar’s State Counsellor Aung San Suu Kyi. The eight MoUs include one between the Election Commission and Union Election of Myanmar, the national level electoral commission of Myanmar. A MoU was also signed to organize cultural exchange program for the period 2017-2020, according to a statement issued by Ministry of External Affairs. India and Myanmar also signed agreements on cooperation between Myanmar Press Council and Press Council of India, an extension of agreement on the establishment of India-Myanmar Centre for Enhancement of IT skill.

The two countries also signed an agreement to cooperate in ‘Medical Products Regulation’ and in the field of health and medicine. They also signed MoU on enhancing the cooperation on up-gradation of the women’s police training center at Yamethin in Myanmar.

International Market Morning Update by Ripples Financial Investment Advisory

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In International Markets, S&P500 yesterday witnessed sell off. Tthe Index made a low of 2446 and is currently trading at 2459. President Donald Trump condemned the nuclear test and said that North Korea’s action and words continue to be very dangerous to the U.S. Trump also said the U.S. is considering stopping all trade with any country doing business with North Korea in response to the test.

On the other side, Lawmakers are under pressure to raise the debt ceiling and pass a government spending bill before deadlines at the end of the month.

German Index Dax yesterday closed at 12123, recently the Index made a low of 11863.

6th September- OPENING BELL >> Market Might Take Cues From Global Market

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Yesterday, The Benchmark Index Nifty was up by 0.40%. The Index opened at 9933 and closed at 9952 after making a high of 9963. The Index is trading in a narrow range of 250 points from 9752 to 9984, either side breakout may decide the direction of the market.

Bank Nifty was up by 0.38%.The Index opened at 24273 and closed at 24328, after making a high of 24388. Bank Nifty is trading in a narrow range of 700 points from 24496 to 23822, either side breakout will decide the direction of the market.

Nifty to open gap down by 43 points at 9928 against yesterday’s close of 9971 as per SGX Nifty, which is currently trading at 9859.

Smallcap Index is hovering near its all time high of 7894 and today the Index has closed at 7874 after making a high of 7486. If the Index gives a breakout of 7494 we might see big buying coming in cash stocks.

Sensex slips 200 pts, Nifty breaks 9900 at open; Just Dial soars 5%

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Equity benchmarks opened sharply lower on Wednesday and erased all its previous day’s gains, tracking weakness in global peers.

 

The 30-share BSE Sensex was down 201.91 points at 31,607.64 and the 50-share NSE Nifty fell 56.75 points to 9,895.45.

 

Nifty Midcap lost 0.7 percent as about three shares declined for every share rising.

 

Bharat Financial Inclusion, Divis Labs, Adani Enterprises, JP Associates, Adani Power, HCC, Indiabulls Real, DLF, Idea Cellular, Escorts, Ujjivan Financial, M&M Financial, InterGlobe Aviation were down up to 3 percent. However, Just Dial rallied 5 percent as HDFC MF picked up stake in the company.

Indian ADRs: ICICI Bank, Dr. Reddy’s Lab down 2%, HDFC Bank slips 3.4%

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Indian ADRs ended weak on Tuesday. In the banking space, ICICI Bank was down 2.23 percent at USD 9.19 and HDFC Bank fell 3.41 percent to USD 94.10.

 

In the IT space, Infosys shed 1.28 percent at USD 14.65 to Wipro was unchanged at USD 5.92.

 

In the other sectors, Tata Motors slipped 1.28 percent at USD 30.15 and Dr. Reddy’s Laboratories declined 2.37 percent at USD 33.85.

Indian Rupee opens lower at 64.18 per Dollar

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The Indian Rupee slipped in the early trade on Wednesday. It has opened lower by 6 paise at 64.18 per Dollar versus 64.12 Tuesday.

 

The Rupee will continue to trade sideways in the absence of any directional cues. The trading range for the spot USD-INR pair is seen between 64-64.20.

 

The Dollar fell versus the yen to near its lowest levels since mid-April pressured by simmering tensions on the Korean peninsula and on comments by a Federal Reserve governor about low US inflation.

 

Rajnath Singh, Uttar Pradesh Chief Minister inaugurate Lucknow Metro

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Union Home Minister Rajnath Singh and Uttar Pradesh Chief Minister Yogi Adityanath inaugurated the first service of Lucknow Metro on Tuesday at the Transport Nagar railway station.

Uttar Pradesh Governor Ram Naik, senior Ministers of the state cabinet, local legislators and Union Minister of State for Housing and Urban Development Hardeep Puri were present on the occasion along with Principal Advisor to the project E. Sreedharan.

The 8.5 km stretch of the rapid transport system Lucknow Metro — starting from Transport Nagar to Charbagh railway station — will be open for public from Wednesday.

Chief Minister Adityanath, in his address on the occasion, lauded the team behind the early completion of the project and said the metro would ease traffic congestion in the state capital.

 

BSNL launches unlimited voice and 1 GB per day data plan for Rs 429

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State-owned telecom giant Bharat Sanchar Nigam Limited (BSNL) has launched a voice and data centric plan for Rs 429, which will provide unlimited voice and 1 GB data per day for 90 days for prepaid mobile services.

This plan will give free voice (local/STD) on any network and 90 GB data (1 GB per day) for 90 days on the pan-India basis (except Kerala Circle), a company statement said here on Tuesday.

R.K.Mittal, Director (Consumer Mobility) BSNL board said: “This voice and data centric plan is available for Rs 429, that is, Rs 143 per month which gives unlimited voice (local/STD) on any network and 90 GB data (at 1 GB per day) for 90 days, which is the most competitive plan in present market scenario.”

GST return filing deadline extended till September 10

Indian Stock Market

 

According to Ripples Financial Investment Advisory, sources said …

The government has extended the deadline for filing the GST sales return — GSTR-1 — which was to expire on Tuesday, for another five days till September 10.

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“GIC (GST Implementation Committee) decides to extend the date of GSTR 1, GSTR 2 and GSTR 3 for the month of Ju the y to 10th, 25th and 30th September 2017, respectively,” the Central Board of Excise and Customs (CBEC) said in a tweet.

While GSTR-1 is the sales return and GSTR-2 is the purchase return, GSTR-3 is the match of GSTR-1 and GSTR-2.

On Monday, many Goods and Services Tax (GST) assessees had complained of being unable to log on to the GSTN portal due to the massive rush to meet the deadline for filing GSTR-1. Later in the afternoon, there were reports of the GSTN portal having crashed owing to heavy load.