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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 ...
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, ...
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 ...

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 ...
European shares edged lower on Thursday, weighed down by companies reporting earnings that were knocked by currency effects and weak demand from China, confirming a poor start to the earnings season in Europe. Trade was subdued, with investors unwilling to place strong bets on moves in either direction before a four-day weekend for European markets. Top faller on the pan-European FTSEurofirst 300 ...
* Great Wall Motor tumbles on slowing earnings * ZTE jumps after Q1 profit triples By Natalie Thomas BEIJING, April 18 (Reuters) - China shares fell slightly on Friday, weighed down by property stocks after home price data for March showed a further cooling in the real estate sector. By midday, the Shanghai Composite Index was down 0.1 percent at 2,096.30 points. The CSI300 index of the largest ...
By Ayai Tomisawa TOKYO (Reuters) - Japan's Nikkei share average advanced on Friday after upbeat U.S. economic data and corporate earnings bolstered investors' risk appetite. The Nikkei was up 0.4 percent at 14,474.83 in midmorning trade after ending flat at 14,417.53 the previous day. For the week, the Nikkei has added 3.7 percent, and is poised to post its biggest weekly rise in two months. ...
By Lu Jianxin and Gabriel Wildau SHANGHAI (Reuters) - China will limit the amount of money consumers can transfer to third-party online payment platforms, aiming to protect banks and consumers from fraud amid an explosion of online and mobile payment transactions. Banks will be obliged to limit how much money an individual can transfer to platforms such as Alibaba Group Holding's Alipay per transaction ...
By Lauren Tara LaCapra (Reuters) - A year ago, soon after Morgan Stanley posted disappointing quarterly earnings, Chairman and Chief Executive Officer James Gorman told board members the bank was on the right track and investors who sold shares had made a mistake. On Thursday, Gorman proved himself right, by showing that his plan to lighten up trading risk and focus on wealth management is paying ...
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. ...
Hero Motocorp's dominance in the entry bike segment is under threat with former ally-turned-adversary Honda getting uncomfortably close to it. Hero Splendor which is the largest selling brand in the entry bike segment for two decades has been dethroned by Honda Activa, the country largest selling scooter.For the second time in the last financial year the Honda Activa outsold Hero's Splendor with a ...
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