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Two years of Modi in 6 charts: Check out how the govt has fared

May 26, 2016 at 14:45 | Source: FirstPost

Prime minister Narendra Modi have reasons to be happy because the number of people who are not really disappointed about his two years seems to be on the increase.This is significant considering that he has been getting relatively higheramount of bad...

S&P 500 ascends 2 percent in two days| Reuters

May 26, 2016 at 02:45 | Source: FirstPost

Wall Street rose robustly for a second straight session on Wednesday, helped by higher oil prices and investors becoming more comfortable with the prospect of an interest rate hike as early as next month.Combining Tuesday and Wednesday's performance...

Gains in financial, energy stocks lift Wall St| Reuters

May 25, 2016 at 23:45 | Source: FirstPost

Wall Street was higher in afternoon trading on Wednesday, extending gains from Tuesday as oil prices rose and investors became more comfortable with the prospect of an interest rate hike as early as next month.The S&P financial index was up 0.95 ...

Wall St up as banks rally on prospects of higher rates| Reuters

May 25, 2016 at 23:18 | Source: FirstPost

Wall Street was higher on Wednesday, extending gains from Tuesday, as the possibility of the U.S. Federal Reserve raising interest rates as early as this summer boosted bank stocks.Financial stocks were up 1.26 percent, hitting their highest levels s...

Wall Street surges over 1 percent, banks and tech rally| Reuters

May 25, 2016 at 01:15 | Source: FirstPost

Wall Street surged over 1 percent on Tuesday, with solid gains in technology and bank shares as investors grew more comfortable with the possibility that the U.S. Federal Reserve might soon raise interest rates.Comments from several policymakers in r...

L&T Infotech receives Sebi nod to offer 1.75 cr shares via proposed IPO

May 24, 2016 at 08:39 | Source: FirstPost

New Delhi: L&T Infotech Ltd, an arm of engineering major Larsen and Toubro Ltd (L&T), has received the capital markets regulator Securities and Exchange Board of Indias (Sebi) approval for its proposed initial public offering (IPO).Th...

Investment banks suffer worst first quarter since financial crisis -survey| Reuters

May 24, 2016 at 05:15 | Source: FirstPost

LONDON Revenue at the world's 12 largest investment banks fell 25 percent in the first quarter from a year ago as economic uncertainty and investor caution led to the slowest start since the financial crisis, a survey showed on Tuesday. Investment ba...

ICICI Prudential Life, HDFC Standard Life plan to raise over $1 billion in two IPOs| Reuters

May 07, 2016 at 02:30 | Source: FirstPost

SINGAPORE/MUMBAI Two of India's leading private-sector insurers are looking to raise over $1 billion this financial year in the sector's first initial public offerings (IPOs), as insurance companies rush to take advantage of a change in ownership rul...

ICICI Pru Life Insurance to hire banks for its planned IPO

May 06, 2016 at 14:13 | Source: FirstPost

ICICI Prudential Life Insurance is set to hire Bank of America Merrill Lynch and ICICI Securities for its planned $600 million to $700 million initial public offering (IPO), IFR reported on Friday citing two sources close to the plans.Other banks are...

Vodafone India mandates for up to US$3 billion IPO| Reuters

Apr 29, 2016 at 23:45 | Source: FirstPost

(IFR) - UK telecom giant Vodafone has mandated Bank of America Merrill Lynch, Kotak and UBS as joint global coordinators for the IPO of its Indian unit, according to two sources. The IPO is expected to raise US$2bn$3bn, potentially smashing the Rs155...

Crude prices jump 3 percent on gasoline rally, weak dollar | Reuters

Apr 27, 2016 at 01:45 | Source: FirstPost

NEW YORK Crude oil prices rose about 3 percent on Tuesday on the back of a rally in the gasoline market and as a tumbling dollar boosted commodities denominated in the greenback after bets the Federal Reserve will hold U.S. interest rates where they ...

Vodafone invites banks to pitch for $2-2.5 billion Indian IPO - sources| Reuters

Apr 21, 2016 at 23:15 | Source: FirstPost

HONG KONG Vodafone Group has set the ball rolling for the long-awaited initial public offer of shares in its Indian subsidiary by inviting banks, including Citigroup, Goldman Sachs and Morgan Stanley, to make pitches to manage it, people with direct ...

Jaitley says global scenario grim, but pegs India growth at 8.5% on likelymonsoonboost

Apr 20, 2016 at 10:43 | Source: FirstPost

New York: Finance minister Arun Jaitley said on Tuesday that Indias economic growth this year could blow past estimates and tick up to as much as 8.5 percent. Part of this GDP boost is being attributed to predictions of a good monsoon this year after...

Goldman posts weakest results in 4 years, revenue tumbles 40 percent| Reuters

Apr 20, 2016 at 04:30 | Source: FirstPost

Goldman Sachs Group Inc (GS.N) reported the worst quarterly results in more than four years on Tuesday as volatile markets kept clients from trading, investing or issuing new securities.Goldman's report wrapped up a dismal quarter for big U.S. banks....

JPMorgan beats Wall Street expectations in tough quarter for banks| Reuters

Apr 13, 2016 at 23:30 | Source: FirstPost

JPMorgan Chase & Co, the No. 1 U.S. bank by assets, reported a quarterly profit that topped low market expectations as lower costs and better-than-expected trading revenue helped soften the blow from a fall in investment banking fees.The drop in ...

Wall Street edges higher as investors gird for earnings | Reuters

Apr 12, 2016 at 02:15 | Source: FirstPost

Wall Street edged higher on Monday as oil prices climbed while financial shares gained ahead of a big week of earnings results from banks.The three major indexes registered modest increases after posting losses last week.Investors are next looking fo...

Wall Street Weekahead: Suffering bank investors search for bright spots| Reuters

Apr 10, 2016 at 12:45 | Source: FirstPost

NEW YORK U.S. banks are generally expected to post dismal results when their earnings season gets under way next week, but some analysts say to dig deeper: the fine print in the results, and what bank bosses say, could actually help these long-suffer...

Wall Street ends with slight gain; indexes post weekly losses| Reuters

Apr 09, 2016 at 02:30 | Source: FirstPost

A sharp rally in crude oil and energy shares lifted U.S. stocks on Friday, but indexes registered losses for the week and investors were cautious ahead of earnings season.U.S. crude oil settled more than 6 percent higher after data showed lower U.S. ...

Energy gains boost Wall Street; S&P on track for weekly loss | Reuters

Apr 09, 2016 at 01:15 | Source: FirstPost

A sharp rally in crude oil and energy shares kept U.S. stocks in positive territory on Friday, but indexes were on track to post losses for the week and a drop in shares of biotechs kept a lid on the Nasdaq.The Nasdaq Biotech index .NBI down 1.4 perc...

S&P, Dow gain on surge in oil prices | Reuters

Apr 08, 2016 at 23:30 | Source: FirstPost

A sharp rally in crude oil drove gains on the S&P 500 and the Dow on Friday, but a fall in healthcare and technology stocks pushed the Nasdaq into negative territory.Oil prices jumped more than 6 percent after data showed drawdowns in U.S. stockp...

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