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Apple Pay can be a game changer if backed by retailers

Sep 11, 2014 at 11:31 | Source: Economic Times

Apple Inc's launch of its own tap-to-pay system using near-field communication in its new iPhones and smartwatches may not be a game changer after all. The success of Apple Pay, unveiled at a gala launch on Tuesday, hinges on the willingness of retai...

Cabinet clears selloff in PSU trio

Sep 11, 2014 at 08:37 | Source: Calcutta Telegraph News

New Delhi, Sept. 10: The Modi government today kick-started the divestment process by approving a stake sale in Coal India, ONGC and NHPC, which is likely to fetch the exchequer about Rs 43,000 crore this financial year. The Cabinet Committee on Eco...

Retailers seen unlikely to warm up to Apple Pay

Sep 11, 2014 at 04:35 | Source: Economic Times

Apple Inc's launch of its own tap-to-pay system using near-field communication in its new iPhones and smartwatches may not be a game changer after all. The success of Apple Pay, unveiled at a gala launch on Tuesday, hinges on the willingness of reta...

Indian bank branches in UK face closure heat

Sep 08, 2014 at 08:57 | Source: Calcutta Telegraph News

London, Sept. 7 (PTI): At least seven foreign-owned retail bank branches in the UK, including some Indian ones, could be forced to close down in a crackdown on overseas banks to insulate the British economy from the global crises. A consultation lau...

RBI may tweak priority lending rules to suit foreign banks: Raghuram Rajan

Sep 06, 2014 at 06:00 | Source: Economic Times

KOLKATA: Reserve Bank of India is thinking of tweaking the priority sector lending rules to suit foreign banks while it plans to make non-banking finance companies more robust, governor Raghuram Rajan said in Boston on Thursday. Rajan, who has compl...

Concerts on Yahoo make best of industry struggles

Aug 02, 2014 at 05:02 | Source: Economic Times

LOS ANGELES: Sometimes the struggles of an industry can bring music to your ears. And your screens. Live Nation's partnership with Yahoo to stream one live concert every day is a rare win for music fans. The series, which began with the Dave Matthews...

Bank of America reports 43% drop in quarterly profits

Jul 16, 2014 at 22:32 | Source: BBC

Bank of America has reported a 43% drop in its second-quarter profits after a fall in mortgage revenue and a rise in legal costs. The bank, the US's second largest, said net income of $2.3bn (£1.34bn) was down from $3.4bn (£1.99bn) a year earl...

Citigroup pays $7bn to settle sub-prime mortgage probe

Jul 14, 2014 at 18:52 | Source: BBC

Banking giant Citigroup will pay $7bn (£4bn) to US authorities to settle an investigation into risky sub-prime mortgages. Citigroup will pay $4bn (£bn) to the Department of Justice and $2.5bn for consumer relief . Consumer relief includes investmen...

Citigroup pay $7bn to US authorities over shoddy mortgages

Jul 14, 2014 at 17:32 | Source: BBC

Banking giant Citigroup will pay $7bn (£4bn) to US authorities to settle an investigation into risky sub-prime mortgages. Citigroup will pay $4bn (£bn) to the Department of Justice and $2.5bn for consumer relief . Consumer relief includes investmen...

Citigroup set to announce new jobs in Belfast

Jul 14, 2014 at 17:32 | Source: BBC

Citigroup, the US financial services firm, is set to an announce a significant investment in its Belfast operation. Industry sources have told the BBC that the firm is expected to announce at least 100 new jobs. Citigroup first invested in Belfast in...

Not a 'big bang' Budget but overall tone positive: HSBC

Jul 11, 2014 at 13:42 | Source: FirstPost

New Delhi: There was no 'big bang' in the Budget but the overall positive tone should keep the country's feel-good factor going, global financial services major HSBC said in a report.The government has stuck to its ambitious fiscal deficit targets an...

Investment banks jockey for $100 million Samsung restructuring bonanza

Jul 03, 2014 at 02:30 | Source: FirstPost

HONG KONG/SEOUL (Reuters) - Investment bankers are jostling to win plum roles from the founding Lee family of Samsung Group, South Korea's top fee-payer, as it prepares to hand the baton to the next generation in a restructuring that could land more ...

Shares of Apollo Hospitals gain; Citi raises price target

Jul 03, 2014 at 01:30 | Source: FirstPost

Reuters Market Eye - Shares of Apollo Hospitals Enterprises Ltd (APLH.NS) gain as much as 3.4 percent after Citigroup raises its price target for the company to 1,140 rupees from 960 rupees, with a 'buy' rating on the stock.Citi said in a note that a...

Are Europe's banks being prosecuted - or persecuted?

Jul 01, 2014 at 04:12 | Source: BBC

Even BNP Paribas cannot shrug off a $9bn (£5.1bn) fine. The bank is the fourth biggest by assets in the world and has been found guilty of violating US economic sanctions against Sudan, Iran and Cuba. It had repeatedly protested that it did not viol...

US eases oil export restrictions

Jun 26, 2014 at 13:02 | Source: BBC

The US has given permission to two firms to export oil, after it has been lightly processed - a move that could see oil exports from the US increase. Exports of unrefined crude oil produced in the US have been mostly banned for nearly four decades. B...

Five macro-economic indicators that may affect your investments

Jun 09, 2014 at 21:33 | Source: Economic Times

The revival of the ailing economy will be the focus of the new government in the coming months. ET Bureau explains five key macro-economic indicators that would affect your investments. 1. GDP growth GDP, the market value of all goods and services pr...

Moody’s ups Icra offer price

May 29, 2014 at 03:02 | Source: Calcutta Telegraph News

Mumbai, May 28: Moody’s today raised its open offer price for Icra to Rs 2,400 per share. The offer for 26.5 per cent of Icra was made by Moody’s Corporation, the parent of global credit rating agency Moody’s Investors Service. The...

Russian tycoon to fight $4.5 bln divorce for "10 more years"

May 21, 2014 at 23:48 | Source: FirstPost

GENEVA (Reuters) - A Russian tycoon whose estranged wife wo a $4.5 billion divorce ruling this week, one of the costliest in history, will appeal against the judgment and the case will take another decade at least, his lawyer said on Wednesday.Dmitry...

GoPro plans to list on the Nasdaq stock exchange

May 20, 2014 at 06:42 | Source: BBC

Wearable camera-maker GoPro has filed documents for a public share sale in the US. Money raised from the initial public offering (IPO) will go towards repaying debt and future acquisitions. The filing did not reveal how many shares the company planne...

RBI may not allow rupee to appreciate below 58/$

May 20, 2014 at 06:01 | Source: Economic Times

MUMBAI: Hopes of Narendra Modi becoming the Prime Minister of India led to a surge in foreign inflows the Indian markets in the last three months. With over $6 billion inflows coming from the FIIs, the rupee has also appreciated considerably in this ...

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