Health insurer Anthem to buy Cigna in $54.2 bln deal| Reuters
Jul 25, 2015 at 01:30 | Source:
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...
Insight: U.S investors not bailing on China stocks yet | Reuters
Jul 10, 2015 at 01:30 | Source:
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...
Oil rises to $57 as Iran talks drag on| Reuters
Jul 09, 2015 at 02:45 | Source:
LONDON Oil bounced back from a three-month low to around $57 a barrel on Wednesday after an industry report showed a larger-than-forecast drop in U.S. crude stocks and Iran nuclear talks failed to produce a deal.Negotiations in Vienna between Iran an...
Wall Street drops as China hits commodities, Greece crisis drags| Reuters
Jul 07, 2015 at 23:30 | Source:
REUTERS - U.S. stocks fell more than 1 percent on Tuesday, with the S&P 500 index trading below a key technical mark, as concerns of a slowdown in China weighed on commodity prices and investors fretted over aid talks for Greece as it runs out of...
IndiGo lines up Rs 2,500-crore IPO; files papers with Sebi
Jun 30, 2015 at 17:36 | Source:
Top no-frills carrier IndiGo today approached capital markets regulator Sebi with Initial Public Offer (IPO) plans to raise an estimated Rs 2,500 crore from the public investors.InterGlobe Aviation Limited, which runs the country's biggest airline by...
China stocks plummet as investors stampede out of the market| Reuters
Jun 27, 2015 at 02:30 | Source:
SHANGHAI China stocks on Friday posted some of their worst losses in seven years, as investors stampeded out of a market amid increasing signs the country's eight-month-long bull run is running out of fuel.The key CSI300 index .CSI300 fell 7.9 percen...
Cafe Coffee Day files for $181 million IPO| Reuters
Jun 26, 2015 at 23:30 | Source:
MUMBAI The firm behind Cafe Coffee Day, India's biggest homegrown coffee chain, has filed a draft prospectus with regulators for an initial public offering (IPO) to raise as much as 11.5 billion rupees ($181 million).Kotak Mahindra Bank, Morgan Stanl...
IndiGo to file prospectus for $400 mn float next week: sources
Jun 26, 2015 at 21:36 | Source:
Singapore/Mumbai: India's biggest airline IndiGo is set to file the prospectus next week for a domestic stock market listing, expected to raise as much as $400 million, three sources with knowledge of the matter said.IndiGo, owned by hospitality and ...
Coffee Day Enterprises files for IPO to raise Rs 1,150 cr
Jun 26, 2015 at 20:32 | Source:
New Delhi: Leading coffee shop chain operator Coffee Day Enterprises has filed its papers with regulator Sebi for an Initial Public Offer (IPO) to raise an estimated Rs 1,150 crore.The company, which runs the country's biggest coffee chain under the ...
Oil down on gasoline buildup fear; Greek debt worry| Reuters
Jun 22, 2015 at 23:45 | Source:
NEW YORK Crude oil futures fell for a second straight session on Monday on concerns that U.S. demand for gasoline may fade after a strong stretch and in worries about the potential fallout from the Greek debt crisis.The slide came despite data from m...
Deutsche Bank trims Sensex target to 31,000 for 2015, finds FDI flow poor
Jun 18, 2015 at 18:59 | Source:
Mumbai: German brokerage Deutsche Bank has trimmed its year-end Sensex target to 31,000 from 33,000 on account of a more muted environment for foreign inflows and earnings cuts in preceding two quarters.According to the brokerage, the second half of ...
Modi is fixing UPA's broken economy; the stagflation cycle to end soon
Jun 10, 2015 at 18:12 | Source:
One of the less noticed aspects of the latest GDP data put out by the government is that growth in the fourth quarter of 2014-15 was practically identical in terms of real growth and nominal growth (that is, GDP without adjusting for inflation).While...