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Wall Street drops as China stock slump stokes growth fears| Reuters

Jul 28, 2015 at 02:30 | Source: FirstPost

Wall Street sank on Monday, with the Nasdaq losing almost 1 percent after the steepest decline in Chinese stocks in eight years increased concerns that cooling growth in the world's No. 2 economy could hurt China's trading partners.The Dow Jones indu...

Lupin buys US co Gavis: Key facts you need to know about the $880 mn deal

Jul 24, 2015 at 11:17 | Source: FirstPost

Drug major Lupin on Thursdaysaid it is acquiring US-based Gavis for $880 million (over Rs 5,610 crore). According to the statement issued by the company it has signed a definitive agreement to acquire GAVIS Pharmaceuticals LLC and Novel Laboratories ...

Lupin's $880 mn Gavis buyout to create a specialty powerhouse: All you need to know

Jul 24, 2015 at 09:29 | Source: FirstPost

Drug major Lupin on Thursdaysaid it is acquiring US-based Gavis for $880 million (over Rs 5,610 crore). According to the statement issued by the company it has signed a definitive agreement to acquire GAVIS Pharmaceuticals LLC and Novel Laboratories ...

Lupin to get foothold in US generic market via Gavis acquisition for $880 mn

Jul 24, 2015 at 08:17 | Source: FirstPost

New Delhi: Drug major Lupin today said it is acquiring US-based Gavis for $880 million (over Rs 5,610 crore) to consolidate presence in the world's largest pharmaceuticals market.The company has entered into a "definitive agreement to acquire pr...

Wall Street slumps for third day as earnings disappoint| Reuters

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

REUTERS - Wall Street fell for the third straight day, with the Dow Jones industrial average lower for the year after disappointing results from bellwethers such as 3M and Caterpillar. The two stocks, together with American Express, contributed 68 po...

Lupin to acquire US-based Gavis for $880 mn

Jul 23, 2015 at 22:59 | Source: FirstPost

New Delhi: Drug major Lupin today said it is acquiring US-based Gavis for $880 million (over Rs 5,610 crore) to consolidate presence in the world's largest pharmaceuticals market.The company has entered into a "definitive agreement to acquire pr...

Sensex snaps two-session fall with 323 points gains as RIL leads rebound

Jul 22, 2015 at 16:47 | Source: FirstPost

A day after domestic equities took a sharp plunge on worries of disappointing earnings from select blue chip companies, key benchmark indices on Wednesday bounced back sharply fuelled by spectacular gains led by index heavyweight Reliance Industries ...

NYSE suspends trading temporarily due to technical glitch, trading in other exchanges on

Jul 08, 2015 at 22:44 | Source: FirstPost

Trading in all securities were halted on the New York Stock Exchange on Wednesday following earlier reports of technical difficulties, although NYSE-listed issues was still trading on other exchanges.After the halt, US stocks extended their losses, b...

Oil slides in thin trade on rising U.S. rig count| Reuters

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

Oil prices dropped on Friday as a rising U.S. rig count stoked more concern about global oversupply while the opening of an investigation by Chinese regulators into suspected stock market manipulation further unsettled the market.A sharp move lower i...

Dollar dips after disappointing U.S. jobs data| Reuters

Jul 03, 2015 at 07:15 | Source: FirstPost

TOKYO The dollar slipped in early Asian trading on Friday, as disappointing U.S. employment data and caution ahead of Greece's referendum on bailout conditions kept the market mood subdued.Against its Japanese counterpart, the dollar was buying 122.8...

Sensex crosses 28000: 4 reasons why investors are buying despite

Jul 01, 2015 at 12:44 | Source: FirstPost

Even as the Greece debt crisis continue to create havoc in European markets, Indian equities are continuing their uptick today.The key benchmark Sensex opened on a firm note and raced past the crucial 28,000 mark.At 10.50 am, the 30-share BSE S&a...

Sensex crosses 28,000: 4 reasons why investors are buying despite Greek default

Jul 01, 2015 at 11:31 | Source: FirstPost

Even as the Greece debt crisis continue to create havoc in European markets, Indian equities are continuing their uptick today.The key benchmark Sensex opened on a firm note and raced past the crucial 28,000 mark.At 10.50 am, the 30-share BSE S&a...

Sensex yo-yos, up just 18 points as investors await Greek debt crisis resolution

Jun 30, 2015 at 10:37 | Source: FirstPost

Indian equities moved in a narrow range with a mixed bias in early trade Tuesday, with market players staying on the sidelines awaiting the outcome of the ongoing Greece debt crisis.The country is heading towards a debt default later today.In fact, l...

Greek drama not likely to waylay Federal Reserve | Reuters

Jun 29, 2015 at 23:15 | Source: FirstPost

WASHINGTON The fuse may be lit for a Greek exit from the euro zone but the fallout in the United States is expected to be modest and not enough to throw the Federal Reserve's likely September rate hike off course, said former Fed officials and outsid...

Sensex crosses 27,800 but comes off highs; metals, oil lead gains; Bharti up 2%

Jun 23, 2015 at 11:26 | Source: FirstPost

The Indian benchmark Sensex breached the 27,800 mark in early Tuesday trade but came off highs on mild profit booking by investors.The market, however, maintained its upward bias on the back of positive close in the overnight US markets and subsequen...

Calm in Europe markets as Greece inches closer to default| Reuters

Jun 20, 2015 at 00:45 | Source: FirstPost

LONDON Calm dominated European stock and markets on Friday as investors hoped an emergency meeting of euro zone leaders next week would allow Greece to avoid default later this month.The subdued reaction of many markets in recent weeks supports those...

News Corp must face Dial, Heinz ad monopoly class action - judge| Reuters

Jun 19, 2015 at 22:45 | Source: FirstPost

NEW YORK News Corp has been ordered by a Manhattan federal judge to face a class action lawsuit accusing it of monopolizing the market for in-store promotions at some 52,500 retail stores across the United States.U.S. District Judge William Pauley sa...

Dollar outlook darkens, sterling shines| Reuters

Jun 19, 2015 at 06:30 | Source: FirstPost

SYDNEY The dollar wallowed at a fresh one-month low against a basket of major currencies early on Friday, as tame U.S. inflation data added to uncertainty over when the Federal Reserve will begin raising interest rates.A measure of core inflation ros...

Chinese government deals help nurse Alibaba's bottom dog cloud business| Reuters

Jun 19, 2015 at 03:30 | Source: FirstPost

SHANGHAI/BEIJING E-commerce giant Alibaba Group Holding Ltd (BABA.N) is an underdog in the global cloud computing industry, but it has one thing going for it: it's Chinese.Alibaba this week scored a minor deal with China's northeastern port city of D...

Reliance Industries steals the show as Sensex edge past 27,100 to mark fifth straight session gain

Jun 18, 2015 at 17:21 | Source: FirstPost

While bulls appeared to have got their act together after the recent thrashing, today's extended rally in the market was the result of a sublime performance by index heavyweight Reliance Industries (RIL), which registered its best single-day gains on...

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