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The union cabinet on Wednesday has approved a proposal to sell the government's stake in state-owned airline Air India, Finance Minister Arun Jaitley said. The cabinet has given an "in-principle" approval for the stake sale, Jaitley told reporters. Prime Minister Narendra Modi's administration has been exploring ways to privatise the loss-making national carrier, which was bailed out in 2012 with ...
The Jio launch and the merger of Idea Cellular with Vodafone may not be the only disruptions in the Indian telco sector. If predictions from CCS Insight, a UK based research consultancy firm turns true, then the third disruption could be a merger of Tata Teleservices with Airtel in the days to come. Tata Teleservices is licensed to operate in 23 circles and has nearly 47.5 million connections with ...
BENGALURU: Gold prices rose on Wednesday as the dollar struggled and shares weakened after a vote on U.S. healthcare reforms was postponed and European Central Bank President Mario Draghi hinted that the ECB could trim its stimulus this year. Asian shares fell on Wednesday after Wall Street fumbled as U.S. Senate Republican leaders delayed a vote on a healthcare overhaul on Tuesday until next month, ...
BENGALURU  - Gold prices firmed on Wednesday as the dollar struggled and shares weakened after a vote on U.S. healthcare reforms was postponed and European Central Bank President Mario Draghi hinted the ECB could trim its stimulus this year. Asian shares slumped on Wednesday after Wall Street was knocked hard as U.S. Senate Republican leaders delayed a vote on a healthcare overhaul on Tuesday ...
(Reuters) - Citigroup Inc said it plans to repurchase up to $15.6 billion of common stock over the next 12 months and double its quarterly dividend to 32 cents per share, bringing total payouts to $18.9 billion. Citigroup, the fourth-biggest U.S. bank by assets, announced its intentions after the U.S. Federal Reserve said on Wednesday that it would permit the company to go forward with the capital ...
By Rodrigo Campos NEW YORK (Reuters) - The euro hit a one-year high against the U.S. dollar on Wednesday and the British pound rallied on bets that Europe's and Britain's central banks are preparing to scale back monetary stimulus, while bank stocks led a rebound on Wall Street. The U.S. dollar index slid after Bank of England Governor Mark Carney said a debate on the need to raise interest rates ...
The union cabinet on Wednesday has approved a proposal to sell the government's stake in state-owned airline Air India, Finance Minister Arun Jaitley said. The cabinet has given an "in-principle" approval for the stake sale, Jaitley told reporters. Prime Minister Narendra Modi's administration has been exploring ways to privatise the loss-making national carrier, which was bailed out in 2012 with ...
Mumbai: Reliance Industries Chairman and Managing Director Mukesh Ambani has kept his own salary unchanged at Rs 15 crore, said the company's annual report for 2016-17. This is the ninth consecutive year since Ambani's compensation package has been set at Rs 15 crore. "The Chairman and Managing Director's compensation has been set at Rs 15 crore as against Rs 38.75 crore as approved, reflecting his ...

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 Rodrigo Campos NEW YORK (Reuters) - The euro hit a one-year high against the U.S. dollar on Wednesday and the British pound rallied on bets that Europe's and Britain's central banks are preparing to scale back monetary stimulus, while bank stocks led a rebound on Wall Street. The U.S. dollar index slid after Bank of England Governor Mark Carney said a debate on the need to raise interest rates ...
By Lewis Krauskopf (Reuters) - Wall Street stock rallied sharply on Wednesday, with the benchmark S&P 500 index scoring its biggest one-day percentage gain in about two months, as financial and technology stocks led a broad market rebound. The Nasdaq posted its best session since Nov. 7, the day before the U.S. presidential election. The S&P 500 had suffered its biggest one-day drop in about ...
By Rodrigo Campos NEW YORK (Reuters) - The euro hit a one-year high against the U.S. dollar on Wednesday and the British pound rallied on bets that Europe's and Britain's central banks are preparing to scale back monetary stimulus, while bank stocks led a rebound on Wall Street. The U.S. dollar index slid after Bank of England Governor Mark Carney said a debate on the need to raise interest rates ...
* S&P 500 best day in two months; Nasdaq best day since Nov 7 * Bank stocks gain after hours after Fed clears capital plans * General Mills shares rise after quarterly earnings * Indexes up: Dow 0.68 pct, S&P 0.88 pct, Nasdaq 1.43 pct (Updates to add bank stocks rising after Fed stress tests in paragraph 13) By Lewis Krauskopf June 28 (Reuters) - Wall Street stock rallied sharply on Wednesday, ...
LONDON (Reuters) - The euro dipped and government bond yields across the single-currency bloc gave up earlier rises on Wednesday after euro zone central bank sources told Reuters the market had overinterpreted comments from ECB chief Mario Draghi. Draghi intended to signal tolerance for a period of weaker inflation, not an imminent policy tightening, when his comments on Tuesday rattled markets, ...
MUNICH (Reuters) - BMW will maintain high levels of research and development (R&D) spending until 2019 and streamline its manufacturing process to offset higher investments, Chief Financial Officer Nicolas Peter said on Wednesday. BMW is developing electric, autonomous and connected cars in addition to developing vehicles with combustion engines to meet more stringent emissions tests. In recent ...
  Cities   Price (10g)
  Gold Rate in Chennai   Rs. 27770.00 (0.47%)
  Gold Rate in Mumbai   Rs. 28260.00 (0.43%)
  Gold Rate in Delhi   Rs. 27800.00 (-0.71%)
  Gold Rate in Kolkata   Rs. 28190.00 (0%)
  Gold Rate in Kerala   Rs. 27200.00 (0.55%)
  Gold Rate in Bangalore   Rs. 27050.00 (-4.42%)
  Gold Rate in Hyderabad   Rs. 27740.00 (-0.32%)

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