Carnation Industries at its meeting held on May 23, 2014, have recommended dividend Re. 0.80 for Equity share of Rs. 10 each for the year 2013-2014.
Carnation Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 23, 2014, inter alia, have recommended dividend Re. 0.80 for Equity share of Rs. 10 each for the year 2013-2014.Source : BSE
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Investing.com - Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending May 20 on Friday.
Speculative positioning in the CME currency futures:
| Long | Short | ||||||
| Net | Prior | Change | Gross | Change | Gross | Change | |
| EUR | -9.2k | -2.2k | -7.0k | 75.0k | -9.4k | 84.2k | -2.3k |
| GBP | 33.1k | 31.8k | 1.3k | 80.0k | 8.8k | 46.9k | 7.5k |
| JPY | -53.8k | -64.7k | 10.9k | 18.7k | 1.2k | 72.5k | -9.7k |
| CHF | 5.0k | 6.8k | -1.8k | 17.4k | 0.4k | 12.4k | 2.2k |
| CAD | -26.5k | -26.0k | -0.5k | 26.5k | -0.5k | 53.0k | 0.0k |
| AUD | 19.5k | 17.1k | 2.3k | 50.1k | 0.0k | 30.7k | -2.4k |
| NZD | 17.6k | 19.3k | -1.7k | 22.5k | -1.3k | 4.9k | 0.4k |
| MXN | 77.3k | 68.6k | 8.6k | 92.7k | 6.6k | 15.5k | -2.1k |
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Investing.com - Investing.com - Gold prices rose in early afternoon U.S. trading on Thursday after the minutes of the Federal Reserve's April policy meeting revealed that rate hikes remain far off on the horizon, while ongoing tensions in Ukraine bolstered the yellow metal's safe-haven appeal.
On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at 1,295.00 a troy ounce during U.S. trading, up 0.54%, up from a session low of $1,290.20 and off a high of $1,303.90.
The June contract settled down 0.50% at $1,288.10 on Wednesday.
Futures were likely to find support at $1,282.90 a troy ounce, Wednesday's low, and resistance at $1,305.70, Monday's high.
On Wednesday, the Federal Reserve released the minutes of its April policy meeting, which revealed the U.S. central bank plans to continue tapering its monthly bond-buying program and rely on other tools to normalize monetary policy, though actual rate hikes won't come after considerable period of time.
Since the 2008 financial crisis, the Fed has snapped up trillions of dollars in bonds from banks to spur recovery by suppressing long-term interest rates, weakening the dollar in the process, thus boosting gold's appeal as a hedge.
Investors have priced in an eventual end to Fed asset purchases, though the prospects that benchmark interest rates will remain at rock-bottom levels long after stimulus programs wrap up gave gold a boost on Thursday as did soft data out of the labor market.
The Labor Department reported earlier that the number of individuals filing for initial jobless benefits last week increased by 28,000 to 326,000 from the previous week's revised total of 298,000. Analysts had expected jobless claims to rise by 12,000 to 310,000, though markets shrugged off the data.
Geopolitical concerns elevated gold prices also, as fears persist the Ukraine crisis will escalate and drag the U.S. deeper into the conflict, which could hamper recovery.
Skirmishes with pro-Russian separatists left 11 Ukrainian soldiers dead in Ukraine's eastern region of Donetsk.
Ukraine will hold presidential elections on Sunday, and concerns persist that Russia will meddle in the voting and aggravate the crisis.
U.S. and European officials have already warned that Russia would face sector-related sanctions if Moscow disrupts the upcoming elections.
Many U.S. companies are heavily exposed to Russia and Europe for business, and concerns persist that sanctions slapped on Moscow could dampen revenues.
Meanwhile, silver for July delivery was up 0.93% at $19.517 a troy ounce, while copper futures for July delivery were up 0.52% at $3.139 a pound.
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Investing.com - Investing.com - The dollar firmed against most major currencies on Thursday on solid U.S. factory and housing data that came a day after the Federal Reserve revealed monetary authorities are moving closer to normalizing ultra-loose policies that have softened the greenback since the 2008 financial crisis.
In U.S. trading on Thursday, EUR/USD was down 0.24% at 1.3653.
The National Association of Realtors reported earlier that U.S. existing home sales increased 1.3% in April to an annual rate of 4.65 million units.
Analysts were expecting existing home sales to rise 2.2% to 4.68 million last month, however, April's increase indicated that the housing market continues to improve.
A separate report showed that U.S. manufacturing activity expanded at a faster rate than expected this month. London-based Markit Economics reported earlier that its preliminary U.S. manufacturing purchasing managers' index rose to 56.2 from a final reading of 55.4 in April, beating expectations of 55.5.
The data came after the Labor Department reported that the number of individuals filing for initial jobless benefits last week increased by 28,000 to 326,000 from the previous week's revised total of 298,000. Analysts had expected jobless claims to rise by 12,000 to 310,000, though markets shrugged off the data.
On Wednesday, the Federal Reserve released the minutes of its April policy meeting, which revealed the U.S. central bank plans to continue tapering its monthly bond-buying program and rely on other tools to normalize monetary policy, though actual rate hikes won't come for a considerable amount of time.
Since the 2008 financial crisis, the Fed has snapped up trillions of dollars in bonds from banks to spur recovery by suppressing long-term interest rates, weakening the dollar in the process.
Elsewhere a preliminary reading of China's HSBC manufacturing index rose to a five-month high of 49.7, beating expectations for a 48.1 reading, though the figure still remained below the 50 mark separating contraction from expansion.
Meanwhile in Europe, data released earlier revealed that manufacturing activity in the region expanded at the slowest rate in six months in May, but the region's service sector expanded at its fastest rate in almost three years.
The euro zone flash manufacturing purchasing managers' index slid to 52.5 this month from 53.4 in April, missing expectations for a 53.2 reading, according to Markit Economics.
The bloc's services PMI rose to a 35-month high of 53.5 up from 53.1 in April. Analysts had expected the index to tick down to 53.0.
The report said output across the sector increased for an eleventh successive month, while growth in new orders hit a three-year high and employment rose at fastest rate since September 2011.
The euro zone PMI data echoed that of Germany, with growth in the German manufacturing sector slowing to a six-month low and activity in the services sector growing at its fastest rate in nearly three years.
Germany's manufacturing PMI slid to 52.9 from 54.1 in April, while the services PMI improved to 56.4 from 54.7 last month.
The French private sector fell back into contraction territory this month, with its manufacturing PMI down to a three month low of 49.3 from 51.2 in April and its services PMI falling to 49.2 from 50.4 last month.
The common currency remained under pressure amid heightened expectations for monetary easing by the ECB at its next meeting in June, in order to stop inflation from falling too low.
The dollar was up against the yen, with USD/JPY up 0.40% at 101.79 and up against the Swiss franc, with USD/CHF up 0.16% at 0.8946.
The greenback was up against the pound, with GBP/USD down 0.22% at 1.6864.
The pound fell after data on Thursday confirmed that the U.K. economy grew 0.8% in the first quarter of the year from the previous quarter and 3.1% on year, disappointing some market expectations for upward revisions.
The pound firmed official data showed that retail sales in the U.K. jumped 1.3% in April, more than double forecasts for a 0.5% increase, driven by higher food sales over the Easter holiday.
The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.16% at 1.0897, AUD/USD down 0.31% at 0.9222 and NZD/USD down 0.11% at 0.8564.
The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.23% at 80.30.
On Friday, the U.S. is to round up the week with data on new homes sales.
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Zee Media Corporation at its meeting held on May 21, 2014 have decided not to recommend any dividend on the Equity Shares of the Company, for financial year 2013-14.
Zee Media Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 21, 2014 inter alia, have decided not to recommend any dividend on the Equity Shares of the Company, for financial year 2013-14.Source : BSE
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Investing.com - The Federal Reserve Board of Governors agreed at their April policy meeting that the time has come to discuss ways to wrap up monetary stimulus programs, though rate hikes aren't on the drawing board yet, as no inflationary risks have become evident due to ultra-loose policies.
The Fed is currently purchasing $45 billion in Treasury and mortgage debt a month to spur recovery, a monetary policy tool known as quantitative easing that suppresses long-term interest rates, weakening the dollar while boosting stock prices in the process in hopes investing and hiring will follow suit.
The Fed's current asset-purchasing plan kicked off at $85 billion in 2012, though further tapering will be likely as the economy stands on its own two feet.
Monetary authorities agreed at their April meeting to seek out a mix of tools to normalize monetary policy once the bond-buying program ends, though the U.S. central bank didn't spell out exactly when benchmark interest-rate hikes would begin.
"Participants generally agreed that starting to consider the options for normalization at this meeting was prudent, as it would help the Committee to make decisions about approaches to policy normalization and to communicate its plans to the public well before the first steps in normalizing policy become appropriate," the minutes from the Fed's April 29-30 meeting read.
"Early communication, in turn, would enhance the clarity and credibility of monetary policy and help promote the achievement of the Committee's statutory objectives."
The Fed also added that stimulus programs have not fueled inflationary pressures as of now, which gives monetary authorities flexibility to manage the economy that would spur job creation without escalating consumer prices.
"It was also noted that because inflation was expected to remain well below the Committee's 2 percent objective and the unemployment rate was still above participants' estimates of its longer-run normal level, the Committee did not, at present, face a tradeoff between its employment and inflation objectives, and an expansion of aggregate demand would result in further progress relative to both objectives," the minutes read.
The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.16% at 80.22.
The Dow 30 was up 0.88% at 16,519.00.
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Universal Cables at its meeting held on May 19, 2014, has appointed Shri B.R. Nahar as an Additional Director (in the category of Non-executive Non-independent Director) of the Board of the Company.
Universal Cables Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 19, 2014, has appointed Shri B.R. Nahar as an Additional Director (in the category of Non-executive Non-independent Director) of the Board of the Company.Source : BSE
Read all announcements in Universal Cable
SPML Infra board meeting will be held on the May 28, 2014, to consider and approve the Audited Financial Results of the Company for the quarter and year ended on March 31, 2014.
SPML Infra Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on the May 28, 2014, inter alia, to consider and approve the Audited Financial Results of the Company for the quarter and year ended on March 31, 2014 and to recommend dividend , if any, for the financial year 2013-14, subject to the approval by the shareholders in the ensuing Annual General Meeting.Source : BSE
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Investing.com - Investing.com - U.S. stocks ended a lackluster Monday session higher, mainly has bargain hunters continued to snap up nicely-priced technology stocks in a trading day void of major market-moving news.
At the close of U.S. trading, the Dow 30 rose 0.12%, the S&P 500 index rose 0.38%, while the NASDAQ Composite index rose 0.86%.
Bottom fishers snapped up technology and small-cap equities on Monday, the beneficiaries of exceptionally loose monetary policies since the 2008 downtown.
The Federal Reserve is expected to wind up its monthly bond-buying program later this year.
Fed asset purchases boost stock prices by suppressing long-term interest rates, and expectations for the Fed to wind down the program this year have bruised tech, biotech and small-cap stocks in recent sessions, bringing them to levels ripe for bargain hunting.
Markets kept an eye out towards Wednesday, when the Federal Reserve will release the minutes of its April policy meeting, with many investors opting to wait on the sidelines until they see a new weather vane that will indicate the direction of U.S. monetary policy.
Elsewhere, Pfizer Inc (NYSE:PFE) shares rose after Astrazeneca Plc (LONDON:AZN) rejected a the U.S. pharmaceutical's sweetened £69.4 billion ($117 billion) tender offer. The U.K. company said the bid failed to reflect the value of the its pipeline of experimental medicines.
AT&T Inc (NYSE:T) shares dropped earlier after the telecom company announced a $48.5 billion bid for satellite TV operator DIRECTV (NASDAQ:DTV) on Sunday, a move unveiled while cable and internet company Comcast Corporation (NASDAQ:CMCSA) awaits a regulatory green light for its $45 billion bid for control over Time Warner Inc (NYSE:TWX).
Leading Dow Jones Industrial Average performers included J P Morgan Chase & Co (NYSE:JPM), up 0.97%, Intel Corporation (NASDAQ:INTC), up 0.91%, and Merck & Company Inc (NYSE:MRK), up 0.85%.
The Dow Jones Industrial Average's worst performers included Home Depot Inc (NYSE:HD), down 1.11%, McDonald's Corporation (NYSE:MCD), down 1.01%, and AT&T Inc (NYSE:T), down 0.99%.
European indices, meanwhile, ended the day mixed.
After the close of European trade, the DJ Euro Stoxx 50 fell 0.07%, France's CAC 40 rose 0.30%, while Germany's DAX rose 0.31%. Meanwhile, in the U.K. the FTSE 100 fell 0.16%.
On Tuesday, Federal Reserve Bank of Philadelphia Charles Plosser and Federal Reserve Bank of New York President William Dudley are to speak.
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Investing.com - Investing.com - The dollar edged lower against most major currencies on Monday as investors digested last week's mixed bag of economic indicators, also avoiding the greenback ahead of the release of the Federal Reserve's April policy meeting minutes on Wednesday.
In U.S. trading on Monday, EUR/USD was up 0.15% at 1.3714.
Investors avoided the dollar on Monday to digest last week's mixed bag of economic indicators and also due to uncertainty over the language that may appear in the Fed's policy meeting minutes to be released on Wednesday.
The preliminary Thomson Reuters/University of Michigan consumer sentiment index fell to 81.8 in May from 84.1 in April, confounding market expectations for a 84.5 reading, which softened the dollar.
On the flip side, the Census Bureau reported that U.S. building permits rose 8% to 1.080 million units last month, up from an upwardly revised 1.000 million in March. Analysts were expecting building permits to rise to 1.010 million units in April.
The report also showed that housing starts rose to 1.072 million units in April from 947,000 in March, whose figure was revised up from a previously estimated 946,000.
April's number far surpassed analysts' forecasts for a 980,000 reading.
The Federal Reserve will release the minutes of its latest policy meeting on Wednesday, and investors opted for safe-haven yen positions ahead of time, which weakened the dollar and gave the single currency room to rise.
Geopolitical concerns also softened the dollar by stoking concerns the U.S. may become deeper involved in the Ukraine crisis and risk seeing recovery suffer as a result.
Ukrainian forces and pro-Russian separatists in the eastern reaches of the country continued to clash on Monday, resulting in the death of one Ukrainian soldier.
Ukraine will hold elections on May 25, and concerns persist that Russia will meddle in the voting and escalate the crisis.
Elsewhere, tensions in Libya flared after gunmen stormed parliament on Sunday in some of the worst violence the country has seen since the 2011 war that ousted Muammar Qaddafi.
The dollar was down against the yen, with USD/JPY down 0.18% at 101.34 and down against the Swiss franc, with USD/CHF down 0.10% at 0.8918.
The greenback was down against the pound, with GBP/USD up 0.06% at 1.6824.
The dollar was up against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.03% at 1.0867, AUD/USD down 0.36% at 0.9332 and NZD/USD down 0.09% at 0.8626.
The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.10% at 80.04.
On Tuesday, Federal Reserve Bank of Philadelphia Charles Plosser and Federal Reserve Bank of New York President William Dudley are to speak.
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FRANKFURT (Reuters) - Deutsche Bank is preparing a multi-billion euro capital increase, sources told Reuters, as Germany's biggest lender aims to quench doubts about its capital base.
The Qatari royal family will become a new strategic investor, taking more than a fifth of the 8 billion-euro share sale, the Financial Times reported on Sunday, without citing the source of the information.
Deutsche Bank's supervisory board was meeting on Sunday to prepare the capital increase, two sources familiar with the matter said. The board was also discussing a new strategic direction for the bank, which has posted another disappointing set of quarterly results.
The drop in profits, combined with litigation costs and new European Union rules for banks, have put pressure on Deutsche's capital. That had fuelled speculation Germany's largest banks would need to raise equity before long.
German newspaper Handelsblatt, citing unnamed sources, reported earlier that Deutsche Bank was planning to raise 8 billion euros ($10.96 billion) in equity capital and get a new major shareholder.
Deutsche Bank declined to confirm or deny the report on Sunday, but referred to comments made by co-chief executive Anshu Jain on April 29. Jain said then the bank "would not rule out any option" as it aims to strengthen its capital base amid rising regulatory demands.
It would be the second capital raising by Deutsche Bank in as many years. It raised almost 3 billion euros in a share sale last year.
($1 = 0.7297 Euros)
(Reporting by Alexander Huebner and Kathrin Jones.; Writing by Andreas Cremer; Editing by Robin Pomeroy)
BERLIN (Reuters) - Former European champions Hamburg SV retained their place in Germany's top division after coming out on top against second-tier Gruether Fuerth thanks to their away goal in a 1-1 second-leg playoff draw on Sunday.
The three-time Bundesliga winners, the only club never to have been relegated since the creation of the Bundesliga in 1963, got the golden goal through forward Pierre-Michel Lasogga in the 14th minute after the goalless first leg on Thursday.
"We did it with the narrowest of margins and in the most nerve-wracking way," Hamburg coach Mirko Slomka told reporters.
"To take the lead and then concede the equaliser in the second half, then you have the fans against you. It was tough and we have now used up all our luck. We were extremely lucky and should not count on having any next season."
Hamburg, without an away win in seven months, brought the game to life when Hakan Calhanoglu rattled the post and Marcell Jansen had his rebound saved by keeper Wolfgang Hesl.
Lasogga, who returned from injury just in time for the last game of the regular season and the playoff games after a six-week absence, made the most of the resulting corner, rising high to drill in a header.
The 22-year-old, who missed out on a Germany call-up due to his injury, almost doubled the lead early in the second half with a point-blank header but it was battling Fuerth who scored on the hour when Stephan Fuerstner slid in to equalise.
"I was out for six weeks so the last 20 minutes hurt a lot," Lasogga said. "But it does not matter how we did. We just did. We did not win the title today but stayed in the Bundesliga and that's what matters."
The scene was set for a nervous final half hour and it proved to be just that with Hamburg hanging on for the draw they needed and Fuerth desperate for a winner.
Fuerth striker Ilir Azemi should have done better when he found himself in the box in the closing minutes with a clear sight of goal but he miskicked and squandered his chance.
Hamburg managed to hold on, running out the clock to end a disastrous season on a high as Fuerth, arguably better over both legs, failed to return to the Bundesliga after being relegated last season.
Eintracht Braunschweig and Nuremberg were relegated with Cologne and Paderborn securing automatic promotion from the second division.
(Reporting by Karolos Grohmann, editing by Ed Osmond and Justin Palmer)
"We would play a big role in the interest of the people," Banerjee told reporters at the party headquarter here, dedicating the massive win in the state to the people. The TMC supremo said "34 out of 42 is a clear-cut mandate", specially fighting on our own.
West Bengal chief Minister Mamata Banerjee today asserted that Trinamool Congress' 34-seat tally in the state was a massive triumph and said her party will play a big role in the 16th Lok Sabha in the interest of the people.
"We would play a big role in the interest of the people," Banerjee told reporters at the party headquarter here, dedicating the massive win in the state to the people. The TMC supremo said "34 out of 42 is a clear-cut mandate", specially fighting on our own.
Also Read: Modi-Mamata: Does it have some heartburn in store?
"It is the people who opposed the maligning campaign against us and gave their verdict," the Chief Minister said. Indicating that it was a tough battle over the gruelling five-phase polls in the state, she said "it was a five-six cornered fight, there were several parties. Banerjee said despite a large section of media opposed the party, "people kept their faith in Trinamool Congress".
Claiming that a section of the media had underplayed 'Bengal's triumph', Banerjee said that all party MPs would go to Delhi on May 25 to take oath in the Lok Sabha. Stating that out of 34 members, 33 percent were women while the national figure was 11 per cent out of the 543, Banerjee said "In that way it is historic. Many talk about women's reservation in the Lok Sabha, but do not do much."
Accompanied by party president Rajnath Singh, close aide Amit Shah and party UP chief Lakshmikant Bajpai, Modi offered prayers at the famous Kashi Vishwanath temple. He also participated in the 'Ganga aarti' at Dashashwamedh Ghat.
A day after the BJP created history nationwide, and sweeping 72 seats in Uttar Pradesh, Narendra Modi visited Varanasi, one of the constituencies from where he contested.
Modi had a landslide victory in Varanasi, trumping his nearest rival Arvind Kejriwal of Aam Aadmi Party and Congress's Ajai Rai.
Accompanied by party president Rajnath Singh, close aide Amit Shah and party UP chief Lakshmikant Bajpai, Modi offered prayers at the famous Kashi Vishwanath temple. He also participated in the 'Ganga aarti' at Dashashwamedh Ghat.
Also Read: BJP's guide to tackle Rajya Sabha challenge
Thanking the people of Varanasi for playing a major role in the formation of a BJP-led NDA government at the Centre, Modi said the support came even without asking. He said he was barred from speaking to his voters, but despite that the people of Varanasi came out and supported him.
Promising to clean his "mother Ganga", Modi asked the people of Varanasi to be a part of his cleanliness drive. He vowed to make Kashi a clean city.
He also praised Rajnath Singh and called him the most successful BJP president.
