Crude Oil futures edge lower on weak overseas demand

Crude Oil futures edge lower on weak overseas demand

Sep 08,2014   02:13 Hrs IST

Crude Oil futures traded down on MCX as speculators exited positions in the energy commodity tracking a weak trend in the overseas market after the weakest US jobs growth this year signaled doubts over the labour market recovery in the world’s biggest economy, dimming the demand outlook for the fuel. The contract for September delivery was trading at Rs 5600.00, down by 0.74% or Rs 42.00 from its previous closing of Rs 5642.00. The open interest of the contract stood at 16320.00 lots. The contract for October delivery was trading at Rs 5603.00, down by 0.67% or Rs 38.00 from its previous closing of Rs 5641.00. The open interest of the contract stood at 2723.00 lots on MCX.

Wipro plans to invest in robotics, artificial intelligence: Report

Wipro plans to invest in robotics, artificial intelligence: Report

Sep 08,2014   11:07 Hrs IST

In a bid to boost internal innovation, Wipro has reportedly identified focus areas and has also allocated budgets for these. Among others, it is investing in innovation in cognitive technologies, artificial intelligence, man-machine interface, robotics, smart devices and open source. These could become revenue-accretive in two to five years. Over recent months, the company has increasingly shown interest in benefiting from innovation in the technology system. A few months earlier, it followed the footsteps of some global peers by setting up a venture capital fund to look at investing in early-to-middle stage technology start-ups globally. Wipro is a leading provider of analytics and information management solutions - enabling customers to derive actionable business insights from data to drive growth, enhance cost management and strengthen risk management.

HDFC Bank trades in fine fettle on BSE

HDFC Bank trades in fine fettle on BSE Sep 08,2014   11:05 Hrs IST HDFC Bank is currently trading at Rs. 856.50, up by 7.75 points or 0.91 % from its previous closing of Rs. 848.75 on the BSE. The scrip opened at Rs. 849.00 and has touched a high and low of Rs. 858.00 and Rs. 849.00 respectively. So far 28807 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 863.80 on 03-Sep-2014 and a 52 week low of Rs. 587.40 on 06-Sep-2013. Last one week high and low of the scrip stood at Rs. 863.80 and Rs. 839.00 respectively. The current market cap of the company is Rs. 206735.97 crore. The promoters holding in the company stood at 22.56 % while Institutions and Non-Institutions held 43.98 % and 16.56 % respectively. Private sector lender HDFC Bank is planning to open 24 new branches in Odisha by the end of this fiscal. Presently, the bank is operating with 97 branches in the state. The bank has opened 16 branches in unbanked locations since April, 2014 and the private bank aims to cover all the 30 districts by opening branches in Boudh, Kandhamal and Nuapada districts where it does not have any presence. It also plans to open about 50 new ATMS in the state. HDFC Bank is one of India’s premier banks providing a wide range of financial products and services to its 28.9 million customers. As of June 30, 2014, the bank had a distribution network with 3,488 branches and 11,426 ATMs in 2,231 cities/towns.

Sep 08,2014   11:05 Hrs IST

HDFC Bank is currently trading at Rs. 856.50, up by 7.75 points or 0.91 % from its previous closing of Rs. 848.75 on the BSE. The scrip opened at Rs. 849.00 and has touched a high and low of Rs. 858.00 and Rs. 849.00 respectively. So far 28807 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 863.80 on 03-Sep-2014 and a 52 week low of Rs. 587.40 on 06-Sep-2013. Last one week high and low of the scrip stood at Rs. 863.80 and Rs. 839.00 respectively. The current market cap of the company is Rs. 206735.97 crore. The promoters holding in the company stood at 22.56 % while Institutions and Non-Institutions held 43.98 % and 16.56 % respectively. Private sector lender HDFC Bank is planning to open 24 new branches in Odisha by the end of this fiscal. Presently, the bank is operating with 97 branches in the state. The bank has opened 16 branches in unbanked locations since April, 2014 and the private bank aims to cover all the 30 districts by opening branches in Boudh, Kandhamal and Nuapada districts where it does not have any presence. It also plans to open about 50 new ATMS in the state. HDFC Bank is one of India’s premier banks providing a wide range of financial products and services to its 28.9 million customers. As of June 30, 2014, the bank had a distribution network with 3,488 branches and 11,426 ATMs in 2,231 cities/towns.

Bharat Forge strengthens on divesting 50% stake in Impact Automotive Solutions

Bharat Forge strengthens on divesting 50% stake in Impact Automotive Solutions

Sep 08,2014   10:45 Hrs IST

Bharat Forge is currently trading at Rs. 866.95, up by 8.55 points or 1.00% from its previous closing of Rs. 858.40 on the BSE. The scrip opened at Rs. 860.05 and has touched a high and low of Rs. 870.25 and Rs. 850.00 respectively. So far 14756 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 875.50 on 05-Sep-2014 and a 52 week low of Rs. 244.00 on 30-Sep-2013. Last one week high and low of the scrip stood at Rs. 875.50 and Rs. 788.35 respectively. The current market cap of the company is Rs. 19948.14 crore. The promoters holding in the company stood at 46.74% while Institutions and Non-Institutions held 30.60% and 22.65% respectively. Bharat Forge has divested its 50 per cent stake in Impact Automotive Solutions, which was formed in 2010 as a joint venture with KPIT Technologies. The stake has been sold to KPIT Technologies for Rs 10.80 crore. The initial investment was Rs 14.91 crore. Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.