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Sensex shining bright: Investor wealth zooms by over Rs 2.69 lakh cr in 3 sessions

May 27, 2016 at 10:10 | Source: FirstPost

In the last three trading sessions, the benchmark Sensex added over 1,100 points and regained the crucial 26,000-mark, as investors cheered the monsoon forecast that is estimated to be above-normal rainfall this year, besides pick-up in reforms with ...

Shourie's criticism of PM Modi made out of personal ambitions not being satisfied: Jaitley

May 26, 2016 at 09:16 | Source: FirstPost

New Delhi:Finance Minister Arun Jaitley on Wednesdayplayed down former Union Minister Arun Shourie'scriticism of Prime Minister Narendra Modi, saying he does notnot attach much importance to comments made out of "personalambitions not being sati...

Stung by loss of secrecy at home, Swiss banks run into trouble in Asia | Reuters

May 25, 2016 at 05:30 | Source: FirstPost

ZURICH/SINGAPORE Regulators' closure of the Swiss BSI bank's Asian outpost for failing in its duty to prevent money-laundering has highlighted the risks of hunting wealthy clients farther afield as Swiss banks' traditional line in hiding money from f...

Wall Street surges over 1 percent, banks and tech rally| Reuters

May 25, 2016 at 01:15 | Source: FirstPost

Wall Street surged over 1 percent on Tuesday, with solid gains in technology and bank shares as investors grew more comfortable with the possibility that the U.S. Federal Reserve might soon raise interest rates.Comments from several policymakers in r...

Crorepatis, members with criminal cases dominate newly elected Kerala Assembly

May 24, 2016 at 15:25 | Source: FirstPost

As many as 61 of the newly elected members of Kerala Assembly are crorepatis and a majority of the new members have criminal background, according to data released by Kerala Election Watch, a non-profit organisation.Nine members entering the assembly...

'Air India's Descent': After his book was dumped, Jitender Bhargava soars again

May 23, 2016 at 15:20 | Source: FirstPost

Last night was one of nostalgia and a quaint delight. It was triggered by the news reports on the the current chairman of Indian Airlines declaring that the merger between Air India and Indian Airlines had been a mistake.I remembered then how I had g...

Modi govt two years on: Here are five steps that will help economy take off

May 23, 2016 at 10:25 | Source: FirstPost

There is a site called lumosity.com which has cognitive games to train people improve their memory, attention span, problem solving, among other things. One of the challenges is called Eagle Eye. It shows up an bird somewhere on a landscape picture a...

Abu Dhabi lays off staff as Gulf austerity tightens| Reuters

May 22, 2016 at 16:45 | Source: FirstPost

ABU DHABI Thousands of layoffs at state-linked companies in Abu Dhabi are a fresh sign the Gulf's wealthy oil states are hunkering down for a long period of austerity as low crude prices pressure their economies.Since mid-2015, the United Arab Emirat...

Nigeria's Buhari orders heightened military presence in restive Niger Delta| Reuters

May 21, 2016 at 06:15 | Source: FirstPost

ABUJA/ONITSHA, Nigeria Nigeria's President Muhammadu Buhari on Friday said he ordered a heightened military presence in the restive Niger Delta region to deal with a resurgence of attacks on oil and gas facilities, a day after yet another pipeline ex...

Exclusive - CIC ends talks with Yum Brands over China business: sources| Reuters

May 21, 2016 at 00:30 | Source: FirstPost

A consortium that includes sovereign wealth fund China Investment Corp (CIC) and U.S. buyout firm KKR & Co (KKR.N) has ended discussions to buy a stake in Yum Brands Inc's (YUM.N) China unit, according to people familiar with the matter.Louisvill...

HSBC to halve branches in India as customers go digital

May 20, 2016 at 09:44 | Source: FirstPost

Mumbai:British lender HSBC today announced a consolidation exercise under which it will almost halve its branches in the country to 26 as customers shift to digital alternatives for their banking transactions.The exercise will also lead to over 300 j...

HSBC's branch rationalisation exercise will cut over 300 jobs in India

May 20, 2016 at 09:44 | Source: FirstPost

Mumbai:British lender HSBC today announced a consolidation exercise under which it will almost halve its branches in the country to 26 as customers shift to digital alternatives for their banking transactions.The exercise will also lead to over 300 j...

HSBC's branch rationalisation exercise will lead to over 300 job cuts in India

May 20, 2016 at 07:46 | Source: FirstPost

Mumbai: British banking major HSBC announced a consolidation exercise under which it will almost halve the number of branches in the country to 26, which will lead to 300 job losses.The total number of branches will be coming down to 26 in 14 cities ...

HSBC says to close 24 retail banking branches in India | Reuters

May 19, 2016 at 23:30 | Source: FirstPost

MUMBAI HSBC Holdings Plc said it plans to close 24 branches in India after a strategic review of its retail banking and wealth management business showed customers are increasingly opting for digital banking services.The bank said it would consolidat...

Burnt by oil price crash, Europe's oil majors warm up to green energy investments| Reuters

May 19, 2016 at 01:45 | Source: FirstPost

LONDON Europe's biggest oil companies, reeling from losing billions in the two-year oil market rout, are intensifying their push into renewable energy as they hunt for new sources of future revenue.Shell, Eni, Total and Statoil have announced green e...

Euthanasia debate: Precedents prove that Indians need the right to die with dignity

May 18, 2016 at 22:03 | Source: FirstPost

The campaign for the right to die with dignity in India actually begins with Minoo (Minocher) Masani (1905-1998) who formed the Society for the Right to Die with Dignity (SRDD) during the 1960s. Minoo was a three-term Member of Parliament (in the sec...

Queen's speech in UK Parliament: Pomp meets prison reform, sugar tax

May 18, 2016 at 19:05 | Source: FirstPost

London: Queen Elizabeth II donned an ermine-trimmed robe and diamond-studded crown Wednesday to announce government promises to put Britain at the cutting edge of technology and social progress in the 21st century.Plans for prison reform, a sugar tax...

Hillary Clinton discloses millions in book royalties, speaking fees

May 18, 2016 at 08:29 | Source: FirstPost

Washington: Hillary Clinton filed financial documents Tuesday night showing that in 2015 she earned more than $5 million in royalties from her book Hard Choices and about $1.5 million in speaking fees before she launched her presidential campaign.Her...

Wall St lower as strong data raises chances of rate hike | Reuters

May 18, 2016 at 00:45 | Source: FirstPost

U.S. stocks were lower in early afternoon trading on Tuesday as upbeat consumer price data pointed to a steady build-up in inflation, boosting chances of an interest rate hike later this year.The Labor Department said the Consumer Price Index increas...

Exclusive: China's Fosun sets sights as world leader but has plan to reduce debt - founder| Reuters

May 18, 2016 at 00:30 | Source: FirstPost

LISBON Fosun Group, China's largest private conglomerate, is aiming to become a world leader in insurance, tourism and healthcare but also has a "clear plan" to reduce its debts, chairman and co-founder Guo Guangchang said on Tuesday.In an ...

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