Top six factors that are taking Indian markets to all-time highs
Aug 29, 2014 at 05:07 | Source:
MUMBAI: The Indian benchmark indices on short intervals are hitting all-time high levels. The sentiment among investors has turned bullish and they are expecting the Nifty to rally another 5-10 per cent in the run-up to Diwali. A mix of global and do...
LSE rights issue to raise almost £1bn for US purchase
Aug 22, 2014 at 15:57 | Source:
The London Stock Exchange is raising £938m ($1.55bn) from shareholders in a rights issue to help fund a £1.6bn acquisition. The LSE said in late June it was buying index compiler and asset manager Frank Russell Company, from Northwestern Mutual. Th...
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-...
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...
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...
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...
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...
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...
Ipca halts drug exports to US
Jul 25, 2014 at 08:12 | Source:
Calcutta Telegraph News
Mumbai, July 24: Ipca Laboratories today said it was voluntarily suspending shipments of drug ingredients from one of its plants in the country, following concerns expressed by the US Food and Drug Administration (FDA). The mid-sized company said th...
Glaxo profits hit by fall in sales
Jul 23, 2014 at 17:37 | Source:
Drug maker Glaxosmithkline (GSK) has reported a 23% fall in pre-tax profits to £986m from £1.29bn. The company has been hit by a fall in sales and the strong pound which reduces the impact of overseas profits. The group has seen a 10% fall in its d...
Lupin eyes popular GSK brands
Jul 23, 2014 at 05:37 | Source:
Calcutta Telegraph News
Mumbai, July 22: Lupin, India’s fourth largest drug maker by sales, is eyeing some of the mature brands of GlaxoSmithKline Plc (GSK). These well-known brands, believed to be up for sale, include Imitrex (used to treat migraine), Zantac (for sto...
Global stock markets hit by Portuguese bank concerns
Jul 10, 2014 at 20:57 | Source:
Stock markets in Europe and the US have fallen over concerns about the health of one of Portugal's biggest banks. Shares in Banco Espirito Santo were suspended after falling 17% following concerns about accounting irregularities at its parent gr...
Federal Reserve plans to end stimulus in October
Jul 10, 2014 at 03:52 | Source:
The Federal Reserve will end its stimulus programme in October if US economic growth continues at its current pace, minutes from its June meeting released Wednesday revealed. The Fed has been buying bonds to lower long-term interest rates and boost g...
Asian Shares Ease as Investors Look to Earnings
Jul 07, 2014 at 14:00 | Source:
Tokyo: Asian stock markets got off to a slow start on Monday after a US market holiday but held near three-year highs on optimism about the US economy, with investors now shifting their focus to corporate earnings. MSCI's broadest index of As...