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The market, which edged higher smartly after a slightly listless start, has gained further ground in positive territory, with stocks extending their early gains on sustained buying interest.Investors are mostly tracking quarterly earnings reports for direction. The data on fourth quarter GDP will be out later in the day.The Sensex is up 303 points or 1.1% at 27,809.71. The Nifty index of the National ...
New Delhi: British telecom company Vodafone today said it has exited from Bharti Airtel by selling its 4.2 per cent stake in the Indian telecom major to an arm of Bharti Group."Vodafone confirms that it has sold, through a wholly-owned subsidiary, its shareholding in Bharti Infotel Private Limited, representing an approximate 4.2 per cent interest in Bharti Airtel Ltd, to Bharti Enterprises (Holding) ...
Gold was hovering above a 2-1/2-week low on Friday as the dollar gave back some of its recent gains, but the metal was still headed for a second straight weekly decline on the prospect of higher U.S. interest rates.Spot gold was little changed at $1,188.35 an ounce by 0258 GMT. It fell to a 2-1/2-week low of $1,180.55 on Thursday but recovered slightly as the dollar and stocks weakened. The metal is ...
Tracking weak trend overseas and low demand from jewellers, gold extended its slide for the third straight day as prices dropped by another Rs 25 to Rs 27,325 per 10 grams at the bullion market today. Silver followed suit, which traded lower by Rs 260 to Rs 38,540 per kg. Sentiment remained weak, largely in line with a weakening trend overseas where gold held at 2-week low as prospects for an increase ...
By Leika Kihara TOKYO (Reuters) - Spending by Japanese households slumped unexpectedly in April and consumer inflation came in roughly flat, casting doubt on the central bank's view that a steady economic recovery will help move inflation toward its ambitious 2 percent target. Households spent less on leisure and dining out even as the jobless rate fell to a 18-year low, underscoring the challenge ...
By Huw Jones LONDON (Reuters) - Tesco's book-keeping scandal has prompted Britain's accounting policeman to turn a spotlight on annual reports in the retail sector to check for similar irregularities. The Financial Reporting Council (FRC) has already opened a probe into Tesco's accounts, and it said on Friday that scrutiny of sample audits in the coming year will focus in particular on the food, ...
A hacker claiming to be from Pakistan hacked the website of music streaming web service Gaana.com and posted details of over 10 million users on his Facebook page.Later, Satyan Gajwani, the CEO of Times Internet, which runs Gaana.com, offered a business deal to the hacker for fixing loopholes in the IT system of company.The hacker, who introduced himself as Mak Man said he lives in Lahore, Pakistan. ...
Rome: India is home to the highest number of hungry people in the world, at 194 million, surpassing China, according to United Nations annual hunger report. At the global level, the corresponding figure dropped to 795 million in 2014-15, from 1 billion in 1990-92, with East Asia led by China accounting for most of the reductions, UN body Food and Agriculture Organisation (FAO) said in its report ...

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 Shinichi Saoshiro TOKYO (Reuters) - Asian shares rose on Friday as Chinese shares edged back from the previous day's dizzying plunge, though regional investors remained fearful that the world's best performing equity market was at the beginning of a major correction. Spreadbetters expected Britain's FTSE, Germany's DAX and France's CAC to open higher, albeit modestly in light of persisting Greek ...
LONDON, May 29 (Reuters) - Financial spreadbetters expected Britain's FTSE 100 to open 2 to 5 points higher, or as much as 0.1 percent, Germany's DAX to open 25 to 29 points higher, or as much as 0.2 percent, and France's CAC 40 to open 14 to 20 points higher, or as much as 0.4 percent. MAJOR EUROPEAN COMPANIES REPORTING: RIC Event Name Q1 2015 Strabag SE Earnings ...
By Leika Kihara TOKYO (Reuters) - Spending by Japanese households slumped unexpectedly in April and consumer inflation came in roughly flat, casting doubt on the central bank's view that a steady economic recovery will help move inflation toward its ambitious 2 percent target. Households spent less on leisure and dining out even as the jobless rate fell to a 18-year low, underscoring the challenge ...
By Huw Jones LONDON (Reuters) - Tesco's book-keeping scandal has prompted Britain's accounting policeman to turn a spotlight on annual reports in the retail sector to check for similar irregularities. The Financial Reporting Council (FRC) has already opened a probe into Tesco's accounts, and it said on Friday that scrutiny of sample audits in the coming year will focus in particular on the food, ...
(Repeats story moved late on Thursday with no changes) By Aditi Shah NEW DELHI, May 28 (Reuters) - Iconic motorbike maker Royal Enfield, owned by India's Eicher Motors, is planning to push into Latin America and Southeast Asian markets to boost profits, CEO Siddhartha Lal told Reuters on Thursday. The company, which makes the cult Bullet bike and is one of the world's oldest bike manufacturers, ...
By Bernie Woodall DETROIT (Reuters) - Three automakers on Thursday widened recalls of cars and trucks with Takata Corp air bags and the U.S. Congress set a hearing next week on the safety issue that has been linked to six deaths. Takata last week complied with demands of U.S. safety regulators and doubled the vehicles to be involved in air bag recalls to 34 million, making it the largest recall ...
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