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New Delhi: Tata Group's retail firm, Trent Ltd, on Thursday said online retail giant Amazon has picked up a 26 per cent stake in its publishing arm Westland for Rs 9.5 crore."The investor would subscribe to Westland's share capital such that it holds 26 per cent of the Westland's share capital on a fully diluted basis, for an aggregate amount of approximately Rs 9.5 crore," Trent Ltd said in a filing ...
Canada is one of the world's biggest gold producers, mining a little over 150 tonnes of gold annually. But it has not been keen to hold on to its gold reserves. The Canadian Broadcasting Corporation (CBC) reports how the gold reserves of Canada have shrunk from over 1000 tonnes of gold in 1965 to under a tonne now! This at a time when its next-door neighbour, the US of A, has raised its reserves ...
Canada is one of the world's biggest gold producers, mining a little over 150 tonnes of gold annually. But it has not been keen to hold on to its gold reserves. The Canadian Broadcasting Corporation (CBC) reports how the gold reserves of Canada have shrunk from over 1000 tonnes of gold in 1965 to under a tonne now! This at a time when its next-door neighbour, the US of A, has raised its reserves ...
Gold on Friday clung to sharp overnight gains that pushed the metal to a one-year high, and looked set to post its best week in over four years as stock market turmoil stoked safe-haven demand. Bullion jumped 4 percent on Thursday, its biggest single-day percentage rally since 2013, and analysts and traders see more gains ahead if the weakness in equities persists. Asian shares slid as mounting ...
FRANKFURT (Reuters) - Deutsche Bank will buy back more than $5 billion in senior debt, it said in a statement on Friday, sending its shares higher. A person familiar with the matter said that Germany's flagship lender launched the tender after assessing that the market was pricing its bonds incorrectly. The yields of some of the benchmark bonds had more than doubled since the lender posted a record ...
Danish brewer Carlsberg has turned profitable in the Indian beer market in less than a decade of its entry. The third most favourite beer company posted profit in the October-December quarter on the back of rising demand.Carlsberg CEO Cees't Hart said, "Our Indian business grew 42 percent in a slightly growing market. The business also delivered a significant earning and for the first time turned ...
New Delhi: Tata Group's retail firm, Trent Ltd, on Thursday said online retail giant Amazon has picked up a 26 per cent stake in its publishing arm Westland for Rs 9.5 crore."The investor would subscribe to Westland's share capital such that it holds 26 per cent of the Westland's share capital on a fully diluted basis, for an aggregate amount of approximately Rs 9.5 crore," Trent Ltd said in a filing ...
Asserting that China has taken over the American economy, Republican presidential front- runner Donald Trump today said the US has become very vulnerable and is no longer controlling its destiny. "We've let China take over our economy. We are very, very vulnerable. We are no longer controlling our own destiny. We are the big sphere of other countries all over the world that control us and they're ...

Today's picks

2013-02-19 18:00:00

NIFT Current: 5,898 (futures: 5,906) Target: NA Index remains range-bound between 5,870 and 5,925 with very nominal futures premium. The range today could be 5,850 or 5,950. Stop-loss shorts at 5,925 and stop-loss long positions at 5,975. A long 5,800p (19) and long 6,000c (21) could gain 10-12 if the market swings 50 points in either direction. STATE BANK OF INDIA Current price: Rs 2,263 Target price: ...

Today's picks

2013-02-09 18:00:00

NIFTY Current: 5,939 (futures: 5,964);Target: NAThe downtrend continued. Key support was tested at 5,930. A drop below 5,920 could mean a dip till 5,875. A bounce will hit resistance at 5,975-5,990. Futures premium has increased to 25, which may mean a pullback on short-covering. The bearspread of long 5,900p (48) versus short 5,800p (23) continues to look attractive.TATA STEEL Current price: Rs 390;Target ...
By Aastha Agnihotri REUTERS - Wall Street staged a modest comeback on Friday, led by a rebound in financial and energy stocks, after a punishing, widespread rout this week on concerns about the health of the global economy, and ahead of the long weekend. Nine of the 10 major S&P sectors were higher, led by a 2.28 percent rise in the financial sector. The sector had slumped 17.7 percent this year, ...
* U.S. crude prices up 6 pct * JPMorgan up after CEO buys shares * Indexes up: Dow 109.17 pct, S&P 15.85 pct, Nasdaq 34.72 pct (Adds details, updates share prices) By Aastha Agnihotri Feb 12 (Reuters) - Wall Street staged a modest comeback on Friday, led by a rebound in financial and energy stocks, after a punishing, widespread rout this week on concerns about the health of the global economy, ...
MOSCOW (Reuters) - The Russian central bank lowered its average oil price forecast for this year to $35 per barrel from earlier $50 per barrel, the bank's first deputy governor, Dmitry Tulin, said on Friday. This means that the price the central bank considered only in its "risk scenario" in December is now becoming the base case scenario for this year. The central bank prepares different economic ...
By Marius Zaharia LONDON (Reuters) - Don't panic yet, but the financial market upheaval in recent days is worryingly reminiscent of when the 2008-2009 global financial crisis and the 2011-2012 euro zone debt crisis were in their early stages. It all may turn out to be a short-lived fit of market jitters, and the financial world is a different place from the days of taxpayer-funded bank and state ...
NEW DELHI (Reuters) - Sales of passenger cars and utility vehicles in India are expected to grow by as much as 12 percent in the fiscal year starting April 1, the country's automotive body said on Friday, higher than the 8 percent growth estimated for the current year. An expected revival in rural spending, which was hit by poor farm output due to drought, will push passenger vehicle sales higher, ...
Automaker Mahindra and Mahindra Ltd reported a 14 percent fall in quarterly net profit on Friday, missing analyst estimates, but said it expected a revival in the economy over coming quarters. Mahindra, India's top utility vehicle maker, said net profit for the three months ended Dec. 31 was 8.08 billion rupees ($118.2 million), down from 9.42 billion rupees a year earlier when it benefited from ...
  Cities   Price (10g)
  Chennai   Rs. 25020.00 (0.81%)
  Mumbai   Rs. 25890.00 (0.98%)
  Delhi   Rs. 25200.00 (-0.2%)
  Kolkata   Rs. 25480.00 (1.03%)
  Kerala   Rs. 24800.00 (0.61%)
  Bangalore   Rs. 25000.00 (0.81%)
  Hyderabad   Rs. 25080.00 (1.09%)

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