Election 2014

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Nokia likely to leave India plant out of Microsoft deal

Apr 16, 2014 at 22:11 | Source: Economic Times

NEW DELHI: Nokia is likely to exclude its manufacturing plant in Chennai from the global purchase of its devices business by Microsoft, as the Finnish company runs out of time and options to resolve the ongoing tax dispute with Indian authorities, se...

Bank of America: the good, the bad and the ugly

Apr 16, 2014 at 21:52 | Source: Market Watch

Bank of America Corp. (NYSE:BAC)  today reported more mediocre results, with a first-quarter net loss springing from another major mortgage-related settlement. But there are two silver linings. Shutterstock.com The bank’s shares slumped over 3% o...

TCS to hire 55,000 employees this fiscal

Apr 16, 2014 at 21:11 | Source: Economic Times

MUMBAI: Tata Consultancy Services (TCS) today said it will hire 55,000 employees this fiscal, including 25,000 freshers. "We are planning to hire 55,000 this fiscal. We have already said that as far as campus hiring is concerned, it will be 25,000," ...

Why China is doing better than its headline GDP figure

Apr 16, 2014 at 20:37 | Source: BBC

Economic growth of 7.4% in the first quarter is in line with China's 2014 annual year-on-year target of about 7.5% growth. The slowdown from the 7.7% GDP growth registered in the past two years is due to the government rebalancing the economy, s...

Starbucks to move European HQ to UK

Apr 16, 2014 at 20:37 | Source: BBC

Starbucks is to move its European head office from Amsterdam to London by the end of the year, following a row over corporate tax avoidance. This move will mean we pay more tax in the UK, the company said. The relocation will concentrate a modest num...

Remittance fees hurt Africans, says Comic Relief

Apr 16, 2014 at 20:37 | Source: BBC

Communities in sub-Saharan Africa are being hurt by high fees charged by money transfer operators, charity Comic Relief has said. Restricted competition has helped push up charges, according to research by the Overseas Development Institute (ODI). Mo...

India's politicians aren't listening to women

Apr 16, 2014 at 20:37 | Source: BBC

Despite having a female prime minister as long ago as 1966, women in India have historically remained marginal in politics and political parties have made little effort to woo them. But female voter turnout has been steadily rising while male voter p...

We should all be thrilled about higher prices

Apr 16, 2014 at 20:37 | Source: Market Watch

We received news this week that U.S. consumer prices modestly increased in March, driven in large part by food, energy and housing costs. In some corners of the blogosphere, that was seen as a warning that inflation is accelerating, something that c...

Goldman’s stock-trading prowess wanes

Apr 16, 2014 at 20:37 | Source: Market Watch

Under pressure from unhappy clients and losing market share to rivals, Goldman Sachs Group Inc. is trying to jump-start its stock-trading business. The effort, which has picked up in recent months, has included discussions over the future of its Sig...

Oil prices climb ahead of EIA report

Apr 16, 2014 at 20:37 | Source: Market Watch

NEW YORK (MarketWatch) — Oil prices rose Wednesday ahead of government supply data, boosted by an industry report indicating a drop in crude inventories at a key U.S. storage hub as well as ongoing Ukraine tensions. Crude for May delivery (NMN:CLK...

A standalone OPD health plan? Not too soon, say insurers

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

According to a report compiled by Swiss Re, a leading global re-insurer, 75% of medical spending in India is out-of-pocket. One of the reasons is, of course, low penetration of health insurance in India. Only 15% of the population has some form of he...

Bank of America: Here’s what investors can expect

Apr 16, 2014 at 18:22 | Source: Market Watch

NEW YORK (MarketWatch) — Bank of America Corp. (NYSE:BAC)  will release its first-quarter earnings on Wednesday at 7 a.m. Eastern. This is what investors can expect: Earnings: The nation’s second-largest bank by assets is expected to report fir...

Oil rises towards $110 as Ukraine tension rises

Apr 16, 2014 at 16:00 | Source: NDTV Profit

London: Global oil prices edged up towards $110 a barrel on Wednesday, shaking off slower economic growth figures in China and a potential resumption in Libyan exports as tensions mounted in Ukraine. Six armoured personnel carriers entered an eastern...

JustDial is not an isolated tech company which has fallen: Jignesh Kamani, Nirmal Bang

Apr 16, 2014 at 15:51 | Source: Economic Times

In an interview with ET Now, Jignesh Kamani, Research Analyst-Institution Research, Nirmal Bang, shares his views on JustDial. Excerpts: ET Now: Have you gathered which fund maybe trimming exposure, or any other details? Jignesh Kamani: If you look ...

China, largest contributor to global growth, may be facing long-term slowdown

Apr 16, 2014 at 15:21 | Source: Economic Times

By Keith Bradsher HONG KONG: Hunan Xinwei Bags Co., a manufacturer of knapsacks and handbags, is struggling to survive. The Chinese economy is slowing. Wages are rising amid a shortage of blue-collar workers. And competition from countries like Vietn...

Left With Low Power

Apr 16, 2014 at 14:52 | Source: Business Today

The public sector power producer NTPC's stock plunged to a seven-year low of Rs 110.90 on 4 March, 2014. The NTPC stock had touched the same level on 19 July 2006. The stock plunged 23% to Rs 117.85 on March 18 against Rs 152.45 on November 6, 2013....

European stocks rise after China data; inflation ahead

Apr 16, 2014 at 14:52 | Source: Market Watch

LONDON (MarketWatch) — European stock markets posted solid gains on Wednesday after better-than-expected Chinese growth data encouraged investors to move back into riskier assets such as equities. The Stoxx Europe 600 index (STX:XX:SXXP)  jumped ...

Positive on most cyclical indicators in India: Matthew Sutherland, Fidelity Worldwide Investment

Apr 16, 2014 at 14:36 | Source: Economic Times

ET Now caught up with Matthew Sutherland, Senior Investment Director for Asian Equities, Fidelity Worldwide Investment, for his views on the Indian markets and equities as well as the US economic recovery. Excerpts: ET Now: The world is divided on h...

Long-term shareholders of USL should hold onto stock: Ajay Srivastava, Dimensions Consulting

Apr 16, 2014 at 14:21 | Source: Economic Times

In a chat with ET Now, Ajay Srivastava, CEO, Dimensions Consulting Pvt Ltd, shares his views on the market and certain stocks. Excerpts: ET Now: Whereas everyone is solely focussed on May 16, which is the day we will get the outcome of elections, do...

GM to launch product development group focused on safety

Apr 16, 2014 at 11:59 | Source: NDTV Profit

New York: General Motors Co. will create a new global product integrity organization that will focus on product safety and quality, said GM chief executive Mary Barra in a speech on Tuesday. "This new way of developing vehicles will provide ...

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