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Provident fund takes stock market plunge, plans to invest Rs 5,000 cr via ETFs

Aug 07, 2015 at 07:47 | Source: FirstPost

Mumbai: Marking its maiden entry into stock market, retirement fund body EPFO today announced its first equity investment through Exchange Traded Funds benchmarked to key indices Sensex and Nifty and promised to invest more than the current limit of ...

Sun Life eyes bigger stake in India insurance venture - CEO| Reuters

Aug 07, 2015 at 00:45 | Source: FirstPost

TORONTO Canadian insurer Sun Life Financial Inc (SLF.TO) is interested in raising its stake in its Birla Sun Life Insurance joint venture in India as it weighs several acquisition opportunities in Asia and North America, its top executive said on Thu...

EPFO takes ETF route to enter bourses, plans further investments in future

Aug 06, 2015 at 18:56 | Source: FirstPost

Mumbai: Marking its maiden entry into stock market, retirement fund body EPFO today announced its first equity investment through Exchange Traded Funds benchmarked to key indices Sensex and Nifty and promised to invest more than the current limit of ...

Black Vine: Formidable cyberespionage group targeting aerospace, healthcare since 2012

Jul 29, 2015 at 14:51 | Source: FirstPost

Earlier this year, the second largest health insurance provider in the US publicly disclosed that it had been the victim of a major cyberattack. The attack against Anthem resulted in the largest known healthcare data breach to date, with 80 million p...

Chinese regulator vows share support after markets tumble 8.5 percent in a day| Reuters

Jul 28, 2015 at 01:45 | Source: FirstPost

SHANGHAI China said on Monday it was prepared to buy shares to stabilise the stock market and avert "systemic risks", after major indices plunged more than 8 percent in the biggest one-day fall since 2007.The securities regulator also said ...

Teva to buy Allergan generic business for $40.5 billion, drops Mylan bid| Reuters

Jul 28, 2015 at 01:15 | Source: FirstPost

TEL AVIV Israels Teva Pharmaceutical Industries will pay $40.5 billion in cash and stock for Allergans generic drugs business, solidifying Teva's position as the world's No. 1 maker of generics while freeing Allergan to focus on branded drugs, paying...

Agriculture can be highly profitable, but the gains are not easy to sustain

Jul 25, 2015 at 15:53 | Source: FirstPost

Travelling across the country for the past five months to bring farmers voices to urban audiences through a programme called Smart Agriculture - to be broadcast every Saturday and Sunday from 25 July on CNN-IBN - we have learnt that agriculture is no...

PFC stake sale floor price set at Rs 254/share; govt to raise Rs 1,676 crore

Jul 25, 2015 at 14:40 | Source: FirstPost

New Delhi: Government has set the floor price at Rs 254 per equity share for divestment of 5 per cent of its stake in Power Finance Corporation (PFC) on July 27."...the floor price of the offer in terms of the SEBI OFS Circular shall be Rs 254 p...

Health insurer Anthem to buy Cigna in $54.2 bln deal| Reuters

Jul 25, 2015 at 01:30 | Source: FirstPost

REUTERS - Anthem Inc said on Friday it would buy Cigna Corp in a deal valued at $54.2 billion, creating the largest U.S. health insurer by membership.Anthem said it will pay $103.40 in cash and 0.5152 of its shares for every Cigna share held. The dea...

Reliance Industries Q1 net profit up 4.4% at Rs 6,222 cr, highest refining margin in six years

Jul 24, 2015 at 17:49 | Source: FirstPost

New Delhi: Reliance Industries Ltd (RIL) today reported 4.4 percent rise in the June quarter net profit as it earned the highest refining margin in six years.Consolidated net profit of Rs 6,222 crore, or Rs 21.1 a share, in April-June quarter of the ...

Nasdaq rebounds but weak results weigh on Dow, S&P| Reuters

Jul 24, 2015 at 00:45 | Source: FirstPost

REUTERS - The Nasdaq composite edged up on Thursday after two days of losses, while the S&P 500 and Dow were lower on weak earnings from bellwethers such as 3M (MMM.N) and Caterpillar (CAT.N). The two stocks, together with American Express (AXP.N...

Vedanta says its Cairn India buyout offer is fair| Reuters

Jul 24, 2015 at 00:30 | Source: FirstPost

MUMBAI Mining and energy group Vedanta Limited (VDAN.NS) said on Thursday its offer to buy out minority investors in Cairn India (CAIL.NS) was fair, dismissing reports that opposition from some small shareholders, including former owner Cairn Energy ...

Rs 1 lakh cr gain from lower oil, higher tax mop-up; govt readying for a splurge

Jul 23, 2015 at 14:35 | Source: FirstPost

The Opposition may try and block every planned reforms of the NDA government, but there is one thing that they can do nothing about - luck, in the form of lower crude oil prices.Last year, if it was a fight for market dominance between the Opec and t...

Anthem set to announce deal for Cigna this week - source| Reuters

Jul 23, 2015 at 06:15 | Source: FirstPost

U.S. health insurer Anthem Inc (ANTM.N) is close to finalising negotiations to acquire peer Cigna Inc (CI.N) and could announce a roughly $48 billion deal as early as this week, according to a person familiar with the matter.The deal would follow Aet...

Health insurer Anthem nears $48 billion deal to buy Cigna - WSJ| Reuters

Jul 23, 2015 at 05:15 | Source: FirstPost

Health insurer Anthem Inc (ANTM.N) is nearing a deal to buy smaller rival Cigna Inc (CI.N) for more than $48 billion, the Wall Street Journal reported on Wednesday.Cigna shares jumped 6.5 percent in after-hours trading to $161 while Anthem's shares w...

Health specialists call for $2 billion global fund for vaccines| Reuters

Jul 23, 2015 at 03:30 | Source: FirstPost

LONDON, July 22 - Global health experts called on Wednesday for the creation of a $2 billion vaccine development fund to feed a pipeline of potential new shots against priority killer diseases like Ebola, MERS and the West Nile virus.The fund would h...

Cairn Energy set to vote against Vedanta-Cairn India merger - FT| Reuters

Jul 22, 2015 at 23:30 | Source: FirstPost

MUMBAI Britain's Cairn Energy Plc is set to vote against Vedanta Ltd's $2.3 billion buyout offer for Cairn India's minority shareholders, the Financial Times said on Wednesday, citing people familiar with the situation. Cairn Energy's objections were...

Mumbai turns to Australia legend Jeff Thompson to bring back glory days

Jul 10, 2015 at 08:39 | Source: FirstPost

Mumbai cricket has been going through a tough phase of late. There used to be a time when Mumbai churned out major talents and wasa major supplier for Indian cricket. However, while, the supply has still been there in the batting department, it's the...

Insight: U.S investors not bailing on China stocks yet | Reuters

Jul 10, 2015 at 01:30 | Source: FirstPost

NEW YORK Some U.S. investors say China's efforts to prop up its stock market had the opposite effect, though the sell-off now offers buying opportunities at what they say are panic-driven prices.Following a three-week market slide, stocks rose on Thu...

Mumbai turns to Jeff Thompson-led MCA Bowling Foundation to bring back glory days

Jul 09, 2015 at 18:51 | Source: FirstPost

Mumbai cricket has been going through a tough phase of late. There used to be a time when Mumbai churned out major talents and wasa major supplier for Indian cricket. However, while, the supply has still been there in the batting department, it's the...

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