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Global shares and peripheral euro zone bonds jumped on Wednesday as Greece's prime minister signalled he was prepared to accept the bulk of the spending cuts demanded by the rest of the euro zone to keep his country afloat.Alexis Tsipras wrote to the debt-ridden country's international creditors to accept a bailout they had offered over the weekend - though there were caveats which prompted scepticism ...
Reclaiming the 28,000-mark after 2-1/2 months today, the benchmark BSE Sensex surged by 240 points on across-the-board buying after the government promised capital support to PSU banks, while improved macroeconomic data also boosted market sentiment. Moreover, a firming trend in global markets, after Greek PM Alexis Tsipras was reportedly prepared to accept creditors' demands for a bailout buoyed ...
Gold hovered above a near-four-week low on Wednesday, due to a stronger dollar and hopes of progress in the Greek debt crisis after reports that the country would accept most conditions from its international creditors. The crisis has failed to spark robust safe-haven bids for gold, with bullion investors still focused on an expected increase in U.S. interest rates after more strong economic data. ...
Indian jeweller Rajesh Exports said it will finalise an acquisition on Thursday from a handful of targets that have been identified, after a local daily reported the company could buy a stake in a Swiss gold refinery for about $400 million."We are looking for backward integration," chairman Rajesh Mehta told Reuters on Wednesday. "We have identified five-six overseas companies and in tomorrow's board ...
* Modi's digital drive backs 'Make in India' campaign * Imports of electronic goods second after oil * Bosses pledge 4.5 trillion rupees in investments (Writes through with Modi speech, business leaders) By Douglas Busvine and Aman Shah NEW DELHI/MUMBAI, July 1 (Reuters) - Indian Prime Minister Narendra Modi urged more companies to make electronic and digital goods on Wednesday, reviving ...
MUMBAI, July 1 (Reuters) - Indian property firm Housing.com, backed by Japan's SoftBank, ousted its co-founder and chief executive officer on Wednesday, marking the first major management upset at one of the country's largest start-ups. Housing.com's boss Rahul Yadav had been at odds with his investors for months and even resigned in April in a letter where he was highly critical of the company's ...
India's Reliance Industries Ltd plans to invest about 2.5 trillion rupees ($39.3 billion) in digital initiatives, Chairman Mukesh Amabani said on Wednesday. He did not give a timeline. Ambani, India's richest man, was speaking at the launch of the Indian government's "Digital India Week", which is part of a campaign to provide fast internet connections for all. The Aditya Birla Group chairman ...
On the very same day noted journalist Shekhar Gupta called him a genius, Rahul Yadav has finally been evicted from Housing.com. Housing.com said it was an unanimous decision to 'release' Yadav with immediate effect on account of his "behaviour towards investors, ecosystem, and the media." "The Board believed that his behaviour is not befitting of a CEO and is detrimental to the company, known for ...

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 Sweta Singh REUTERS - U.S. stocks rose sharply in early trading on Wednesday after Greek Prime Minister Alexis Tsipras signaled he was prepared to accept creditors' bailout offer with some conditions. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all rose nearly 1 percent, with financial stocks leading the gains. Tsipras has sent a letter to the creditors outlining ...
* U.S. private sector adds most jobs since December - ADP * Greek PM Tsipras agrees to bailout terms with exceptions * Eight of 10 S&P sectors rise * June manufacturing data expected at 10:00 ET * Indexes up: Dow 0.92 pct, S&P 0.77 pct, Nasdaq 0.84 pct (Updates to open) By Sweta Singh July 1 (Reuters) - U.S. stocks rose sharply in early trading on Wednesday after Greek Prime Minister ...
MUMBAI, July 1 (Reuters) - Indian property firm Housing.com, backed by Japan's SoftBank, ousted its co-founder and chief executive officer on Wednesday, marking the first major management upset at one of the country's largest start-ups. Housing.com's boss Rahul Yadav had been at odds with his investors for months and even resigned in April in a letter where he was highly critical of the company's ...
By Sweta Singh REUTERS - U.S. stocks rose sharply in early trading on Wednesday after Greek Prime Minister Alexis Tsipras signaled he was prepared to accept creditors' bailout offer with some conditions. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all rose nearly 1 percent, with financial stocks leading the gains. Tsipras has sent a letter to the creditors outlining ...
PARIS, July 1 (Reuters) - Fiat Chrysler will invest $280 million to begin Jeep production in India through an expanded joint venture with Tata Motors, the carmaker said on Wednesday. Assembly of a first Jeep model will begin in the second quarter of 2017 at Fiat's plant in the western state of Maharashtra, Fiat Chrysler said in a statement. Fiat and Tata already produce cars together at the factory. ...

Ratan Tata buys stake in Ola

2015-07-01 17:27:24

Top industrialist Ratan Tata has bought a stake in online taxi-hailing firm Ola, the company said today.Ola however did not disclose the size of the stake taken or the money invested, saying the investment was made by Tata in his personal capacity.Tata, Chairman Emeritus of Tata Sons, had previously invested in start-ups ranging from online retailer Snapdeal to Chinese phone maker Xiaomi."Tata's strong ...
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