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...

Mumbaikars living in conditions worse than hell: Ashish Khetan

Apr 16, 2014 at 22:09 | Source: FirstPost

Mumbai: Journalist and AAP candidate from New Delhi Lok Sabha constituency Ashish Khetan today alleged all the established political parties in Maharashtra had only looted the Mumbai citizens."I am shocked to see that Mumbaikars are living in co...

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 high performers to get 14% salary hike; stock not seen reacting much

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

NEW DELHI: Tata Consultancy Services on Wednesday reported a profit after tax (PAT) of Rs 5,357 crore, which was in line with expectations. Experts say although the results are what was expected the stock is unlikely to react much tomorrow (Thursday)...

TCS or Infosys? Which looks a better bet post Q4 show

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

The market has always been divided on what is a better bet - Infosys or TCS? Today, TCS reported fourth quarter numbers, which were in line with Street expectations. Comparing the two stocks, for a long-term play, most analysts prefer TCS when compar...

Tesco announces 6% fall in profit

Apr 16, 2014 at 20:37 | Source: BBC

Tesco has reported a 6% fall in group trading annual profit to £3.3bn as it continues to lose market share to discount rivals. It is the second year in a row in which the supermarket has announced falling profits. Tesco said like-for-like sales, whi...

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...

Credit Suisse rebuffs foreign exchange probe

Apr 16, 2014 at 20:37 | Source: BBC

Swiss bank Credit Suisse has found nothing materially untoward in how it trades foreign currencies, finance officer David Mathers has said. Credit Suisse has faced scrutiny from regulators over alleged collusion to manipulate foreign exchange rates. ...

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...

Should you sell in April and go away?

Apr 16, 2014 at 20:07 | Source: Market Watch

CHAPEL HILL, N.C. (MarketWatch) — Should you use the stock market’s turmoil as the occasion to get a jumpstart on the much-vaunted “Sell in May and Go Away” indicator? “Yes” is the answer from one of the two advisers I monitor who not on...

Treasurys fall after industrial-production data

Apr 16, 2014 at 20:07 | Source: Market Watch

NEW YORK (MarketWatch) — Treasury prices slid Wednesday after data showed industrial production topped forecasts, lifting the market’s economic outlook as investors continue to take the temperature of the economy. /quotes/zigman/4868283/delayed ...

Yahoo shares a good buy as Alibaba nears IPO: analysts

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

Alibaba Group Holding Ltd's surprise surge in revenue and its upcoming IPO present a great opportunity for investors to load up on Yahoo Inc's shares, analysts said. The Chinese internet company's revenue jumped 66 percent in its fourth quarter, dwar...

TCS Q4 PAT up 0.8% at Rs 5,357 crore, in line with estimates

Apr 16, 2014 at 17:31 | Source: Economic Times

NEW DELHI: Tata Consultancy Services, India's largest IT services exporter on Wednesday reported a Profit After Tax (PAT) of Rs 5,357 crore versus an ET NOW Poll of Rs 5,196 crore for the quarter ended March 2014. This is a growth of 0.8% in profit Q...

5 undiscovered banks prove that smaller is better

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

Earnings season for the nation’s largest banks has been a mixed bag, with a weak quarter and stock slide for J.P. Morgan Chase & Co. (NYSE:JPM) , a solid start to the year for Wells Fargo & Co. (NYSE:WFC) , and a pleasant surprise for the cheaply ...

Wipro to deliver above 3% sequential growth in Q4 backed by larger deal wins

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

Wipro, the nation's third largest IT exporter is expected to report a relatively better performance for the March 2014 quarter according to the average of forecasts by six brokerages and the projections of the ET Intelligence Group. Revenue is expec...

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....

Election 2014: EC seizes Rs 51 lakh from AIADMK official's house

Apr 16, 2014 at 11:50 | Source: FirstPost

Erode (TN): Election Commission Officials have seized Rs 51.28 lakh from the house of an AIADMK functionary, police said today.EC officials along with police searched the house belonging to Ashok Kumar yesterday following a tip-off, police said, addi...

SpiceJet adds fuel surcharge component to base fare

Apr 16, 2014 at 11:11 | Source: Business Today

To make fare pricing more transparent, budget carrier SpiceJet has removed the "fuel surcharge" add-on component as a separate charge and consolidated it with the base fare. A fuel surcharge component is the cost that airline passes to the consumer ...

Dollar gains against Aussie; loonie in focus

Apr 16, 2014 at 09:37 | Source: Market Watch

NEW YORK (MarketWatch) — The dollar rose against the Australian dollar on Tuesday as gold futures dropped more than 2% and investors anticipated Chinese data that is likely to show a slowing of growth. The Australian dollar (ICAP:AUDUSD)  fell to...

Treasurys rise as market debates data, Ukraine

Apr 16, 2014 at 09:37 | Source: Market Watch

NEW YORK (MarketWatch) — Treasury prices rose Tuesday as fears crested over a a conflict in Ukraine, but pared gains toward the end of the session as the market refocused on stronger U.S. economic growth. Russian forces were seen on the ground in ...

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