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The rupee dropped for a third straight session on Wednesday, its worst falling streak since late-January, as profit-taking in the domestic sharemarket by offshore investors hurt the local unit.The Sensex and the Nifty fell to their lowest close in 2-1/2 weeks as software stocks slumped on caution ahead of India's top IT services provider Tata Consultancy Services' (TCS.NS) earnings report later in ...
Tata Consultancy Services Ltd , India's largest IT services exporter, posted a 51.5 percent rise in quarterly net profit, beating expectations, as it won more contracts in Europe and some emerging markets. Net profit for the fourth quarter ended March 31 rose to 52.97 billion rupees ($879 million) from 34.97 billion rupees a year earlier, TCS said in a statement on Wednesday. The company is part ...
Gold prices recovered by Rs 130 to Rs 30,130 per 10 grams in the national capital on Wednesday on scattered buying by stockists for the wedding season demand. However, silver fell further by Rs 300 to Rs 43,000 per kg on reduced offtake by industrial units and coin makers. Traders said some buying for the marriage season mainly helped gold prices to recover. They said reduced offtake by industrial ...
Gold prices steadied on Wednesday after falling nearly 2 percent in the previous session, underpinnes by escalating tensions in Ukraine but still under pressure from a weak chart picture and concerns over a slowdown in Chinese demand. Ukrainian government forces and separatist pro-Russian militia staged rival shows of force in eastern Ukraine amid escalating rhetoric on the eve of crucial four-power ...
Sandeep Patel, chief executive and managing director of Cigna TTK Health Insurance, says ProHealth, a product launched by the company recently, saw an equal number of individual and family floater plans being sold. However, he expects retail customers to be more inclined towards family floater plans in the days to come. This is because when looking for a family health cover, floater policies turn ...
Are you receiving emails or telephone calls from banks advising you to invest in recurring deposits because there is no tax deducted at source (TDS) in this case? Remember, such investments aren't tax-free. No TDS merely means the bank will pay you the entire interest amount without forwarding the tax on it to the government. However, the fixed deposit holder will have to include this interest income ...
BTC China, one of the country's leading digital currency exchanges, has installed China's first bitcoin ATM and launched an online app allowing individuals to buy and sell bitcoins using mobile phones, skirting local banking regulations seen as increasingly hostile to so-called crypto-currencies. Rising interest from mainland Chinese speculators was credited for driving up global bitcoin prices last ...
Home grown utility and tractor manufacturer Mahindra & Mahindra will launch an electric scooter named Genze in the US by the middle of this year. This is the first attempt by the Mumbai-based company to foray in the US market under the two-wheeler banner. A local Mahindra outfit headquartered in Palo Alto, California had showcased the electric scooter at the Santa Monica Altcar Expo in September last ...
The Indian stock market ended lower on Wednesday, extending losses to a third successive session, as foreign institutional investors pressed sales on the back of recent weak economic data.Last Friday's industrial output data for February and the data released by the government on Tuesday that showed wholesale price inflation to have risen at the fastest pace since December, proved strong enough triggers ...
European shares rose on Wednesday, reversing the previous session's slide as economic growth data from China came a touch above forecasts. Shares in Tesco, the world's No.3 retailer, gained 1.7 percent, bouncing after a 15 percent slide in two months as traders said a fall in profits reported by the group was not as steep as some had feared. "Tesco this morning was not quite as bad as expected," ...
* FTSEurofirst 300 up 0.9 pct, reversing Tuesday's fall * China growth beats forecasts; slowest for 18 months * "Stars are aligned" for Veolia-Suez tie-up -Exane * Euro STOXX 50 up 1 pct, moves above 50-day moving average (Updates prices, adds quote, detail) By Alistair Smout and Blaise Robinson LONDON/PARIS, April 16 (Reuters) - European shares rose on Wednesday, reversing the previous ...
* China's growth slows, but exceeds median forecast * Bank of America posts loss, shares fall * Indexes up: Dow 0.6 pct, S&P 0.5 pct, Nasdaq 0.6 pct (Updates prices, adds comment) By Rodrigo Campos NEW YORK, April 16 (Reuters) - U.S. stocks rose for a third straight session on Wednesday after China's economic growth exceeded expectations and Yahoo shares rallied on the strength of revenue ...
By Adam Rose and Xiaoyi Shao BEIJING (Reuters) - China's economy expanded 7.4 percent between January and March, its slowest pace in 18 months, prompting authorities to act for the second time in as many weeks to shore up growth. Hours after the National Bureau of Statistics released the data, Premier Li Keqiang was quoted by state media as saying that China would reduce the amount of cash that ...
MUMBAI, April 16 (Reuters) - India's money supply rose 13.6 percent year-on-year in the fortnight ended April 4, compared with 12.9 percent a year earlier, the Reserve Bank of India said on Wednesday. Money supply was 97.08 trillion rupees ($1.61 trillion) as on April 4, compared with 95.13 trillion rupees on March 21, the central bank data showed. Reserve money rose an annualised 8.7 percent ...
Home grown utility and tractor manufacturer Mahindra & Mahindra will launch an electric scooter named Genze in the US by the middle of this year. This is the first attempt by the Mumbai-based company to foray in the US market under the two-wheeler banner. A local Mahindra outfit headquartered in Palo Alto, California had showcased the electric scooter at the Santa Monica Altcar Expo in September last ...
(http://link.reuters.com/des58v) Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Abhiram Nandakumar in Bangalore) ...
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