Vodafone India mandates for up to US$3 billion IPO| Reuters
Apr 29, 2016 at 23:45 | Source:
(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...
Nooyi, Nadella, Bhavesh Patel among highest paid CEOs in world
Apr 28, 2016 at 18:18 | Source:
New Delhi: As many as three Indian origin persons have been named among 100 highest-paid CEOs globally with PepsiCo's Indra Nooyi and LyondellBasell's Bhavesh Patel making it to the top ten list compiled by Equilar.Chemicals company LyondellBasell In...
Upside limited for 2016 even as earnings bottom| Reuters
Apr 23, 2016 at 04:45 | Source:
NEW YORK Even with a spate of high-profile earnings disappointments in recent days from the likes of Caterpillar, Microsoft and Google's parent company, the profit recession that has dogged U.S. stocks since last fall is still expected to come to an ...
Asian shares sag after cloudy U.S. earnings outlook| Reuters
Apr 22, 2016 at 06:45 | Source:
TOKYO Asian shares slid from a 5 1/2-month high on Friday as disappointing earnings from U.S. blue chip companies looked set to pour cold water on the rally that took off in March. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0....
Wall Street flat as weak earnings offset rise in oil| Reuters
Apr 19, 2016 at 23:30 | Source:
The S&P 500 and the Dow gave up early gains on Tuesday, but were still within shouting distance of their record highs, as investors assessed weak earnings reports by IBM and Netflix.A rebound in oil and better-than-expected earnings from Goldman ...
After Morgan Stanley, now T Rowe Price devalues Flipkart stake by 15%
Apr 18, 2016 at 15:45 | Source:
Flipkart has gotanother reality check on valuation. This time fromUS investment firmT Rowe Price. The investor, whichhad invested in the e-commerce in 2014, has marked down valuation of its stake in the company by 15 percent to $120.70 from $142.37 p...
Oil prices fall as concerns over Doha 'freeze' meeting grow| Reuters
Apr 14, 2016 at 00:45 | Source:
NEW YORK Oil futures fell from fresh four-month highs in choppy trading on Wednesday as comments from Russia's energy minister added to doubts a producer meeting set for Sunday in Doha to discuss freezing output would yield a positive outcome.Prices ...
Financial turmoil at SunEdison imperils solar projects worldwide| Reuters
Apr 09, 2016 at 19:30 | Source:
LOS ANGELES In November, solar energy giant SunEdison Inc reported that its project pipeline had grown by 75 percent in just a year, the result of an aggressive growth strategy.Now, five months later, many of those projects are imperiled as SunEdison...
Credit Suisse CEO paid $19.4 mln in cash and shares last year| Reuters
Mar 24, 2016 at 23:15 | Source:
ZURICH Credit Suisse Chief Executive Tidjane Thiam received 18.9 million Swiss francs ($19.4 million) in cash and share awards from the Swiss bank in 2015 even after requesting a 40 percent bonus cut, according to its annual report.Thiam, who took ov...
Edelweiss to acquire JP Morgan's MF business in India
Mar 22, 2016 at 16:37 | Source:
New Delhi: Edelweiss Asset Management today announced the acquisition of global giant JP Morgan's mutualfund business in India that has assets worth over Rs 7,000 crore, marking yet another exit of a foreign fund house fromthe over Rs 13 lakh-crore i...
Wall St. gains as Fed signals fewer rate hikes for year| Reuters
Mar 17, 2016 at 01:15 | Source:
NEW YORK Wall Street gained on Wednesday after the U.S. Federal Reserve left interest rates unchanged and signaled fewer rate hikes for the year.The Fed indicated moderate U.S. economic growth and "strong job gains" would allow it to tighte...
Wall Street dips as healthcare lags before U.S. Fed statement| Reuters
Mar 16, 2016 at 04:30 | Source:
NEW YORK Healthcare and materials stocks pulled Wall Street lower on Tuesday in a second straight day of quiet trading as investors cautiously awaited news from the U.S. Federal Reserve's two-day policy meeting.While the Fed is not expected to raise ...