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India, emerging world shine in Apple s iPhone show

Apr 24, 2014 at 21:01 | Source: Economic Times

NEW DELHI: Apple Chief Executive Tim Cook's strategy of turning more focus towards markets like India is starting to bear fruit. iPhone sales in the BRIC group of nations - Brazil, Russia, India and China - together hit "a new all-time record," Cook ...

Why Apple's iPhone Success in BRIC Countries Is a Big Deal

Apr 24, 2014 at 08:00 | Source: Bloomberg

Apple's iPhone was a smash hit in the BRIC countries last quarter, setting sales records in the emerging markets of Brazil, Russia, India and China, CEO Tim Cook said on the earnings call today. The chart above should give you a sense of why ...

Modi loses, Sensex cracks? Yes, by about 3,000 points: Experts

Apr 21, 2014 at 14:06 | Source: Economic Times

By Abhishek Vasudev The Indian stock market has been riding the Modi wave? It may not be an official statement, but that's what market experts have been saying for long, especially after the surge on the Sensex post assembly election results. It is t...

India cuts exposure to US treasury securities by $1.1 bn

Apr 21, 2014 at 04:56 | Source: Economic Times

MUMBAI: India reduced its exposure to US treasury securities in February along with other BRICS economies due to a slowdown in portfolio investment resulting in lower surpluses in these economies. India cut its exposure in US treasury bonds by 1.6 pe...

Bulls gird up for 4-5% rise on Sensex ahead of May 16 election results

Apr 19, 2014 at 16:56 | Source: Economic Times

MUMBAI: The S&P BSE Sensex did little in terms of movement in this truncated week. Despite a sharp rally of nearly 350 points, the benchmark ended the week 0.02 per cent lower as the bulls (i.e. the foreign institutional investors) took a breather a...

How markets will behave if Narendra Modi does not become PM: Mild or a big hit?

Apr 19, 2014 at 16:41 | Source: Economic Times

NEW DELHI: Indian markets are on a high, having got support from strong inflows from FIIs who seem to be almost certain of a Narendra Modi-led NDA government taking helm at the Centre. The basis of this euphoria on street is the result of opinion po...

East and west, Ukraine rival camps dig in

Apr 19, 2014 at 05:45 | Source: FirstPost

KIEV/DONETSK Ukraine (Reuters) - If armies march on their stomachs, then Ukraine's rival protest camps could be in for a long campaign, judging by the cooks hard at work behind the barricades in Kiev and Donetsk on Friday.A day after Ukraine and Russ...

35% of investors allocation to EMs where elections are due flows to India

Apr 16, 2014 at 07:11 | Source: Economic Times

Foreign institutional investors (FIIs) have increased allocation to emerging markets where elections are due this year, a development that analysts say is linked to expectations of more reforms-oriented regimes coming to power in these countries. Ind...

FIIs increase allocations to countries due for elections

Apr 16, 2014 at 05:11 | Source: Economic Times

Foreign institutional investors (FIIs) have increased allocation to emerging markets where elections are due this year, a development that analysts say is linked to expectations of more reforms-oriented regimes coming to power in these countries. In...

BRICS aim to finish development bank preparations by July summit

Apr 11, 2014 at 10:00 | Source: NDTV Profit

Washington: The BRICS bloc of emerging economies will have all preparatory work done for setting up its development bank by the group's summit in July, South African Finance Minister Pravin Gordhan said on Thursday. The bank Brazil, Russia, I...

What is making the Indian equity market climb northwards in two months?

Apr 11, 2014 at 09:16 | Source: Economic Times

Since February 3, the Indian equity market has begun to climb northwards, gaining more than 12 per cent in a little more than two months. This is an eye-popping performance, given what is happening to emerging markets around the world. According to t...

Russian bank Vnesheconombank under probe for FEMA violation

Apr 10, 2014 at 12:27 | Source: Economic Times

NEW DELHI: The finance ministry is investigating Russian state-owned bank Vnesheconombank for alleged money laundering and violation of Foreign Exchange Management Act, according to officials. The bank, which is responsible for trust management of Ru...

Nissan, Volkswagen look to drive in compact SUVs into India

Apr 10, 2014 at 12:27 | Source: Economic Times

MUMBAI: Volkswagen and Nissan Motor are considering an entry into sub-4 meter sedan and compact SUV space in India , touted as the fastest growing segment in the Indian car market. ET learns while Volkswagen has moved from a "consideration stage" to...

Software earnings up 10%

Apr 10, 2014 at 12:27 | Source: Calcutta Telegraph News

Calcutta, April 9: Software companies earned $4.7 billion in revenues last year against $4.33 billion in 2012, an increase of 10 per cent, with Microsoft leading the pack. According to research firm Gartner, the higher revenue was the result of the ...

Finance Ministry investigates Russian Bank Vnesheconombank operating since 1983 for FEMA violation

Apr 10, 2014 at 12:27 | Source: Economic Times

NEW DELHI: The finance ministry is investigating Russian stateowned bank Vnesheconombank for alleged money laundering and violation of Foreign Exchange Management Act (FEMA), according to officials. The bank, which is responsible for trust management...

Indian software market up 10% to $4.7 bn; Microsoft tops tally

Apr 10, 2014 at 12:22 | Source: Economic Times

NEW DELHI: Software market in India grew 10 per cent to $4.76 billion in 2013, driven by strong adoption of cloud or subscription-based services, research firm Gartner said. The software market stood at $4.334 billion in 2012. "The Indian software i...

FII flow and rupee will dictate the trend in the market

Apr 07, 2014 at 09:27 | Source: Business Today

Last week I met Pramit Brahmbhatt, CEO of Alpari, UK-headquartered currency brokers to get an understanding of the foreigner view on India and its market. He told me that Alpari is closing its India operations. The reason: India was still too small ...

Siguler Guff raises $650M in new pooled BRIC fund

Apr 07, 2014 at 04:00 | Source: VC Circle

In India, Siguler Guff has invested in several home-grown PE funds besides direct investments in unlisted private sector lender Catholic Syrian Bank and gold loan retailer Manappuram Finance. Multi-strategy private equity firm Siguler Guff & ...

Nigeria surpasses South Africa as continent's biggest economy

Apr 07, 2014 at 00:45 | Source: FirstPost

ABUJA (Reuters) - Nigeria has overtaken South Africa as Africa's largest economy after a rebasing calculation almost doubled its gross domestic product to more than $500 billion, data from the statistics office showed on Sunday.GDP for 2013 in Africa...

Russia's annexation of Crimea illegal, says United Nations

Mar 28, 2014 at 07:37 | Source: FirstPost

United Nations: In a surprisingly strong rebuke of Moscow, the UN General Assembly on Thursday affirmed Ukraine's territorial integrity and deemed the referendum that led to Russia's annexation of the Crimean Peninsula illegal.The vote on the Ukraine...

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