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New Delhi: Tata Group's retail firm, Trent Ltd, on Thursday said online retail giant Amazon has picked up a 26 per cent stake in its publishing arm Westland for Rs 9.5 crore."The investor would subscribe to Westland's share capital such that it holds 26 per cent of the Westland's share capital on a fully diluted basis, for an aggregate amount of approximately Rs 9.5 crore," Trent Ltd said in a filing ...
Canada is one of the world's biggest gold producers, mining a little over 150 tonnes of gold annually. But it has not been keen to hold on to its gold reserves. The Canadian Broadcasting Corporation (CBC) reports how the gold reserves of Canada have shrunk from over 1000 tonnes of gold in 1965 to under a tonne now! This at a time when its next-door neighbour, the US of A, has raised its reserves ...
Canada is one of the world's biggest gold producers, mining a little over 150 tonnes of gold annually. But it has not been keen to hold on to its gold reserves. The Canadian Broadcasting Corporation (CBC) reports how the gold reserves of Canada have shrunk from over 1000 tonnes of gold in 1965 to under a tonne now! This at a time when its next-door neighbour, the US of A, has raised its reserves ...
Gold on Friday clung to sharp overnight gains that pushed the metal to a one-year high, and looked set to post its best week in over four years as stock market turmoil stoked safe-haven demand. Bullion jumped 4 percent on Thursday, its biggest single-day percentage rally since 2013, and analysts and traders see more gains ahead if the weakness in equities persists. Asian shares slid as mounting ...
By Susan Fenton LONDON (Reuters) - Gold eased on Friday after soaring 4 percent the previous day, but was still set for its best week in four years, lifted by stock market turmoil that has sent investors rushing for safe haven assets. Spot gold was down 1 percent at $1,234.30 an ounce by 1423 GMT, but has still risen more than 5 percent this week, the biggest weekly gain since October 2011. ...
By Chuck Mikolajczak NEW YORK (Reuters) - As U.S. stocks continue to struggle in 2016, equities are showing some signs selling pressure may be reaching an end. The S&P 500 is down about 13 percent from its record high in May, as oil remains mired below $30 a barrel, while concerns about stability among banks and uncertainty about the U.S. Federal Reserve's path of rate hikes have pushed investors ...
By Barani Krishnan NEW YORK (Reuters) - U.S. crude prices jumped more than 10 percent on Friday after a report once again suggested OPEC might resort to a production cut to reduce the world glut, and resilient stock markets added to the risk appetite in oil. In spite of the about-turn after one of the most volatile weeks for oil, prices were poised to end the week up to 7 percent lower. The United ...
New Delhi: Tata Group's retail firm, Trent Ltd, on Thursday said online retail giant Amazon has picked up a 26 per cent stake in its publishing arm Westland for Rs 9.5 crore."The investor would subscribe to Westland's share capital such that it holds 26 per cent of the Westland's share capital on a fully diluted basis, for an aggregate amount of approximately Rs 9.5 crore," Trent Ltd said in a filing ...

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 Chuck Mikolajczak NEW YORK (Reuters) - As U.S. stocks continue to struggle in 2016, equities are showing some signs selling pressure may be reaching an end. The S&P 500 is down about 13 percent from its record high in May, as oil remains mired below $30 a barrel, while concerns about stability among banks and uncertainty about the U.S. Federal Reserve's path of rate hikes have pushed investors ...
By Caroline Valetkevitch (Reuters) - U.S. stocks jumped on Friday, putting the S&P 500 on track to end a five-day losing streak, led by financial shares and gains in commodity-related shares. U.S. oil prices settled 12.3 percent higher, boosting the energy sector up 2.2 percent. The materials sector was up 2.7 percent. Investors snapped up beaten-down shares of financials. U.S.-listed shares ...
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer spending regained momentum in January as households ramped up purchases of a variety of goods, in a hopeful sign that economic growth was picking up after slowing to a crawl at the end of 2015. But the outlook for consumer spending was tempered by another report on Friday showing sentiment among households ebbed in early February. Still, the ...
By Sumanta Dey REUTERS - Now markets have delivered their verdict on inflation - it's not picking up any time soon - economic data due next week will show whether price pressures are rising meaningfully or falling back in some of the world's major economies. A global rout in stock markets, currencies, commodities and bond yields has so far defined 2016 as investors have seemingly lost faith in ...
NEW DELHI (Reuters) - Sales of passenger cars and utility vehicles in India are expected to grow by as much as 12 percent in the fiscal year starting April 1, the country's automotive body said on Friday, higher than the 8 percent growth estimated for the current year. An expected revival in rural spending, which was hit by poor farm output due to drought, will push passenger vehicle sales higher, ...
Automaker Mahindra and Mahindra Ltd reported a 14 percent fall in quarterly net profit on Friday, missing analyst estimates, but said it expected a revival in the economy over coming quarters. Mahindra, India's top utility vehicle maker, said net profit for the three months ended Dec. 31 was 8.08 billion rupees ($118.2 million), down from 9.42 billion rupees a year earlier when it benefited from ...
  Cities   Price (10g)
  Chennai   Rs. 25020.00 (0.81%)
  Mumbai   Rs. 25890.00 (0.98%)
  Delhi   Rs. 25200.00 (-0.2%)
  Kolkata   Rs. 25480.00 (1.03%)
  Kerala   Rs. 24800.00 (0.61%)
  Bangalore   Rs. 25000.00 (0.81%)
  Hyderabad   Rs. 25080.00 (1.09%)

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