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After a slightly positive start and a subsequent retreat to lower levels, the Indian stock market remains marginally down in negative territory this morning. Besides some disappointing quarterly results, especially from cement manufacturers, a below normal monsoon forecast is weighing on the market. The Sensex is down 21.54 points or 0.1% at 22,855 now. Earlier, it rose to a new high at 22,939.31. ...
Google Inc's head of social networking services, Vic Gundotra, is leaving the Internet search company, he said on Thursday, three years after overseeing the launch of the Google+ social network. Gundotra, who has worked at Google for eight years, announced the move in a Google+ post. He did not give a reason or say where he was going, but related a story about a sudden death in his extended family ...
Gold fell to a 2-1/2 low on Thursday, as a rally in equities and the dollar after broadly positive U.S. economic data dimmed its appeal as an alternative asset, while a weaker technical picture suggested possible further losses. Selling accelerated after prices broke through chart support at $1,275 an ounce, sending spot gold to its lowest since Feb. 10 at $1,268.24 an ounce. Silver dropped to ...
Continuing its rising streak for the third day, gold gained Rs 150 to Rs 30,590 per ten grams in the national capital today on sustained buying by stockists and jewellery fabricators amid a firming global trend. However, silver fell by Rs 120 to Rs 43,180 per kg on reduced offtake by industrial units. Traders said sustained buying by stockists and jewellery fabricators for the ongoing marriage season ...
India's retail investors, accessing stock markets through the mutual fund (MF) route, have lost money-making opportunities in these five years of choppy markets, several data points indicate. Despite a cry from fund managers and investment advisors to remain invested for a longer horizon, several retail investors have lacked the holding strength and have exited their investments, often even at losses. ...
Getting insurance companies to pay claims is the hard part at times. Though the claims ratio of most insurance companies is 94-98 per cent, claimants often have to run pillar to post to get these. There are various reasons due to which claims can be rejected. Among these is a delay on the part of the claimant. Under the Limitation Act, a claimant has to tell the company about the death in three years. ...
Amid the hustle-bustle of Lok Sabha polls, Congress chief Sonia Gandhi has disclosed loss of tax-free bonds worth Rs 10 lakh purchased from the Indian Railway Finance Corporation (IRFC). Gandhi, who listed these bonds among her assets and investments in the latest election affidavit, has also requested IRFC to issue duplicate certificates for these bonds. While filing a nomination for the Rae Bareli ...
Chennai: Tamil Nadu's MDMK Thursday complained to the Election Commission against software major Tata Consultancy Services Ltd (TCS) reportedly not allowing its employees to exercise their democratic right to vote. The company has denied the charge. In his complaint to the poll body, MDMK's Tiruvallur district secretary D.R.R. Senguttuvan said the TCS did not allow around 700 employees at its DLF ...
Tokyo's Nikkei edged up on Friday, helped by a slightly lower-than-expected inflation print for April which reinforced some hopes for further monetary easing by the Bank of Japan. The Nikkei's gains were limited by weakness in other Asian bourses, notably Chinese shares, and as investors cut positions ahead of the weekend. The Nikkei share average closed up 0.2 percent at 14,429.26. The Nikkei ...
* Shares in Cairn India Ltd slump 4.5 percent as its net profit lags some analysts' estimates, especially after adjusting for other income. * Cairn India's January-March net profit rose 18.4 percent to 30.35 billion rupees ($497.1 million) from a year earlier, the company said in a statement after the market close on Wednesday. * The oil and gas explorer's net profit was helped by a more than ...
* China economy worry clouds positive H-share earnings * Guanghui Energy is first mainland firm to issue preferred shares * Total of 97 companies have announced listing plans this week By Natalie Thomas and Chen Yixin BEIJING, April 25 (Reuters) - Hong Kong shares fell on Friday as concerns about the state of China's economy and the health of the banking sector clouded positive earnings from several ...
* Nikkei edges up but on track for modest weekly loss * Dollar index slips even as yen drifts off session highs By Lisa Twaronite TOKYO, April 25 (Reuters) - Asian stocks struggled on Friday as fears of an escalating Ukraine crisis eclipsed upbeat U.S. economic data and robust U.S. tech shares. U.S. Secretary of State John Kerry said on Thursday that time was running out for Moscow to change ...
SINGAPORE, April 25 (Reuters) - Singapore shares edged down on Friday, tracking losses in the broader Asian market, as investors took profits ahead of the weekend and escalating tensions in Ukraine weighed on sentiment. The benchmark Straits Times Index fell 0.5 percent to 3,268.53, though it added 0.5 percent for the week. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7 percent. ...
(http://r.reuters.com/jeq78v) Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Aby Jose Koilparambil in Bangalore) ...
General Motors is facing five different government probes in connection with its recent recalls, the automaker said in a regulatory filing on Thursday. GM said it is being investigated by the U.S. Attorney's Office for the Southern District of New York, the Securities and Exchange Commission, the National Highway Traffic Safety Administration, a state attorney general, and Congress. ...
(Adds Neovia Logistics, Elizabeth Arden, Ellaktor, ConAgra Foods, Facebook, NTT DoCoMo, Pioneers Holding) April 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** Finnish investment and insurance company Sampo could sell its property and casualty insurance arm If for about 12-14 billion euros ($16.6-19.4 billion), Sampo chief executive was ...
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