WebSify
Follow us on
login
There's some worrying news for millions of Indians who have accounts with ICICI Bank - the second-largest bank in India. A flaw in the bank's security systems could leave your account statement accessible to anyone on the Internet. Ethical hacker, Ayush Ghosh, who approached NDTV Gadgets with the information, discovered the flaw. Ghosh, who works at BookMyShow in Bangalore, noticed the vulnerability ...
Microsoft Corp has sold over 5 million Xbox One video game consoles to retailers since its launch in November, the company said on Thursday.In January, the U.S. software company said Xbox One sales had crossed three million as of the end of 2013.The console went on sale on Nov. 22 in 13 countries, including the United States, United Kingdom and Australia, a week before rival Sony Corp's PlayStation ...
Unofficial inflow' of gold into India was estimated at 178.7 tonnes in 2013, about 75 per cent higher compared to the 104 tonnes in 2012, according to a GFMS Thomson Reuters survey. This follows the several restrictions of official import, such as a 10.3 per cent tariff and a legal compulsion to export 20 per cent of any imported gold. GFMS estimated the total gross gold import in 2013 at 961.7 ...
By LONDON (Reuters) - Gold steadied around $1,300 an ounce on Thursday as a lower dollar and accommodative U.S. Federal Reserve monetary policy counterbalanced worries over the strength of Chinese demand and sales from gold-backed funds. Holdings in the world's biggest exchange-traded fund, SPDR Gold Trust, fell 8.39 tonnes to 798.43 tonnes on Wednesday, the biggest outflow since late December. ...
This past year has been a tumultuous one for gilt funds. With the 10-year government security yield surging from 7.83 per cent to 8.9 per cent, gilt funds have been hit badly. Last week, the 10-year G-sec yield suddenly spiked to 9.1 per cent due to heavy selling. This  has taken a heavy toll on the performance of medium-term and long-term gilt funds. According to data from Value Research, ...
Any investor, or trader for that matter, must have clear answers to a few questions. 1) Is the investor oriented to risk-reduction or return maximisation? 2) How does he/she define risk? Is he more averse to high short-term volatility or to prospects of permanent loss? 3) How disciplined is he? Will he pass up attractive opportunities, and be prepared to book losses, if that is what the methods ...
India's Glenmark Pharmaceuticals Ltd is recalling some 2,900 bottles of its stomach ulcer drug ranitidine in the United States after a foreign tablet was found in one of the bottles.Medicines produced in India, which supplies about 40 percent of generic and over-the-counter drugs sold in the United States, have come under increased scrutiny by the Food and Drug Administration over the past year.In ...
Microsoft Corp has sold over 5 million Xbox One video game consoles to retailers since its launch in November, the company said on Thursday.In January, the U.S. software company said Xbox One sales had crossed three million as of the end of 2013.The console went on sale on Nov. 22 in 13 countries, including the United States, United Kingdom and Australia, a week before rival Sony Corp's PlayStation ...
​Oil major Reliance Industries Limited today reported a marginal increase in net profit at Rs 5,631 cr for the quarter ended March 31, 2014. It was Rs 5,589 crore in the same period a year ago.The total income also rose 12.5% to Rs 97,229 crore as against Rs 86,441 crore in March 2013.The company attributed the fall in KG-D6 production mainly to geological complexity.The company announced a dividend ...

Sensex spurts 352 points

2014-04-17 16:43:25

After opening on a cautious and slightly listless note, the Indian stock market kept surging higher as the session progressed on Thursday, with investors lapping up stocks across the board.Expectations of a business friendly government post the ongoing Lok Sabha polls, a likely upgrade in India's investment rating by Standard & Poor's and strong results from IT majors lifted sentiment.Snapping a three-session ...
NEW YORK (Reuters) - Dozens of the largest U.S. stock exchanges, brokerages and high-frequency trading firms were hit with a class action lawsuit by the capital of the state of Rhode Island, accusing them of manipulating the U.S. securities markets. The lawsuit was filed on Friday in Manhattan federal district court, as the high-speed trading industry came under greater scrutiny following the publication ...
KARACHI, April 18 (Reuters) - Pakistan's main stock exchange closed lower on Friday, with the benchmark 100-share index of the Karachi Stock Exchange felling 0.96 percent, or 280.41 points to 29,069.93. Market continued to consolidate above 29,000 points due to holiday in global equity markets, foreign fund managers' participation remained low. Banking stocks, which have been rallying for last ...
NEW YORK (Reuters) - Dozens of the largest U.S. stock exchanges, brokerages and high-frequency trading firms were hit with a class action lawsuit by the capital of the state of Rhode Island, accusing them of manipulating the U.S. securities markets. The lawsuit was filed on Friday in Manhattan federal district court, as the high-speed trading industry came under greater scrutiny following the publication ...
* Net profit 56.3 bln rupees, refining margin falls to $9.30 * Retail business posts first ever profit in turnaround (Adds details on production, retail and telecom businesses) By Aradhana Aravindan and Sumeet Chatterjee MUMBAI, April 18 (Reuters) - Indian energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oil refining ...
MUMBAI, April 18 (Reuters) - Bajaj Auto, India's second-largest motorcycle maker, said on Friday the union at its Chakan factory in western India had proposed a work stoppage from April 28. The union's proposal to stop work comes less than a year after the plant's workers had gone on a strike that lasted nearly two months. (Reporting by Aradhana Aravindan; editing by Jane Baird) ...
Hero Motocorp’s dominance in entry-level bikes is facing threat from its former ally Honda. Hero Splendor, which has been the largest-selling brand in the entry-level segment for the past two decades, has been de-throned by Honda Activa - India’s largest-selling scooter. The Honda Activa outsold Hero’s Splendor (100-cc model) twice in FY14 with a margin of nearly 15,000 units. ...
most popular on facebook
talking point on sify finance