Australian winemaker hit as it destroys excess wine
Aug 21, 2014 at 21:32 | Source:
Australian winemaker Treasury Wine Estates (TWE) has reported its first annual loss due to slower sales in China and oversupply in the US market. TWE posted a net loss of 101m Australian dollars ($94m; £57m) for the year ended June, compared to a ne...
Nifty retreats from record high on profit taking
Aug 21, 2014 at 00:51 | Source:
MUMBAI (Reuters) - The Nifty edged lower on Wednesday, unable to sustain a rally after hitting a third consecutive record high earlier in session as investors took profits in blue-chips such as Oil and Natural Gas Corp(ONGC.NS).The falls ended a six-...
Dr.Reddy's Rises on US Market Share Gains
Aug 20, 2014 at 11:29 | Source:
Shares in Dr.Reddy's Laboratories gain 1.58 per cent as against a 0.02 per cent fall in the Nifty. A filing with the US Securities and Exchange Commission on Monday shows market share gains in key drugs in the US market, analysts say. Copyrig...
HTC reveals cut-price One M8 Windows Phone device
Aug 19, 2014 at 23:01 | Source:
The handset maker HTC has unveiled a new smartphone that runs a Windows Phone operating system. The modified One M8 is being sold at roughly half the price of the same handset running Google's Android. This is the first time the struggling manuf...
Asia stocks rise after US gains, Ukraine diplomacy
Aug 19, 2014 at 10:00 | Source:
BEIJING (AP) — Asian stocks were mostly higher Tuesday after U.S. markets rose on news of diplomatic efforts to broker a cease-fire in Ukraine. KEEPING SCORE: Tokyo's Nikkei 225 index rose 0.9 percent to 15,465.61, Hong Kong's Hang ...
Hindalco, Tata Steel, Cipla in Focus
Aug 14, 2014 at 10:00 | Source:
The Nifty is likely to open higher on Thursday tracking positive US markets and Asian markets. Foreign investors increased their buying momentum in Indian shares as they bought shares worth Rs 718 crore on Wednesday in cash segment. Crude oil which&a...
Sensex recovers over 221 points in early trade, realty stocks surge
Aug 11, 2014 at 10:59 | Source:
Mumbai: The benchmark BSE Sensex recovered over 221 points in early trade on Monday as realty stocks led the rebound after market regulator SEBI on Sunday approved new norms for setting up and listing of Real Estate and Infrastructure Investment Trus...
Buy Maruti Suzuki, Axis Bank Today: Sanjeev Bhasin
Aug 11, 2014 at 10:00 | Source:
Indian stock markets are likely to witness a strong rebound on Monday after US markets staged a sharp rally on Friday. Asian indices are also showing strength. Nifty futures are trading up around 50 points. In the short-term, markets look over-sold ...
Koenig Solutions eyes multi-billion dollar IT training market in US
Aug 10, 2014 at 11:30 | Source:
NEW DELHI: Offshore IT training firm Koenig Solutions is eyeing over $ 6 billion IT training market in the US. The firm is targeting the US training market through its Live Virtual Classroom (LVC) training model, which it claims reduces the cost-to-...
Markets nervous as Obama authorises Iraq air strikes
Aug 08, 2014 at 20:42 | Source:
Stock markets have been rattled, while the prices of oil and gold have risen, as worries grow about the impact of conflicts in Iraq and Ukraine. Markets were hit by news that US President Barack Obama had authorised air strikes against Islamic milita...
As China row smolders, Vietnam rethinks its business plans
Aug 07, 2014 at 06:15 | Source:
HANOI (Reuters) - A train from Vietnam's border with China pulls up at a station in Hanoi as dawn breaks, ready to unload goods for trade at what was for years the capital's most bustling wholesale market.The freight load is smaller than it used to b...
Toyota Dreams of Green Car Future, But Tied to Gas-Guzzler Present
Aug 04, 2014 at 11:47 | Source:
Tokyo: Toyota Motor Corp is hitching its future to green cars, investing billions of dollars in gasoline-electric hybrids and fuel-cell vehicles, but for now its record profit performance is being powered largely by a gas-guzzling US market. In the ...
Billions of dollars in deals and funding to be announced at Africa Summit
Aug 04, 2014 at 01:45 | Source:
WASHINGTON (Reuters) - The United States will announce nearly $1 billion in business deals, increase funding for peacekeeping and commit billions of dollars to expanding food and power programs in Africa during a summit this week, U.S. and developmen...
RBI policy, Q1 earnings and global cues to drive stock markets
Aug 03, 2014 at 12:27 | Source:
NEW DELHI: The RBI's monetary policy review on Tuesday and a bunch of earnings from blue-chips including SBI, Mahindra & Mahindra and Hero MotoCorp, will dictate the near-term trend on bourses, market experts said. Besides, trend in investment by ove...
Will This Billionaire Bring $3-a-Month Phone Plans to US?
Aug 02, 2014 at 06:01 | Source:
Wall Street Journal
Xavier Niel, founder of French broadband Internet provider Iliad, says in an interview that he sees huge potential in the U.S. market. Agence France-Presse/Getty Images. PARIS—When Iliad SA ILD.FR -7.01% Iliad S.A. France: Paris €191.55 -14.45 -7...
Adidas scales back in Russia and issues profit warning
Aug 01, 2014 at 04:07 | Source:
Shares in sportswear maker, Adidas, have tumbled after the company issued a profit warning and said it will open fewer stores in Russia than planned. The German sports equipment maker saw its shares fall 16% on Thursday, despite its recent lucky stri...
Cadila Healthcare Recovers after Falling 10%
Jul 31, 2014 at 12:00 | Source:
Cadila Healthcare shares fell as much as 9.5 per cent on Thursday after the US drug regulator issued an observation letter about the drugmaker's Ahmedabad plant. Cadila's Ahmedabad facility is the key supplier of drugs to the US marke...