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The Indian government's fiscal deficit has exceeded the budget estimate within the first nine months of the current fiscal, data showed Friday at a time it has recovered ground somewhat by earning over Rs.22,000 crore from disinvestment in Coal India. Latest data by the Controller General of Accounts shows that deficit during April-December period was over Rs.532,000 crore as against the annual budget ...
The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $43.24 a barrel Tuesday, compared with $42.90 a barrel Monday, the OPEC secretariat said. The OPEC reference basket of crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), ...
Russia extended its buying spree of gold to a ninth straight month, data from the International Monetary Fund showed on January 27.The global financial institution confirmed the Netherlands did not increase its bullion holdings in December, contrary to the IMF's earlier report that the bank had raised gold holdings for the first time in 16 years.The Dutch central bank, the world's ninth-biggest official ...
The slide in gold continued for the second straight day, with prices tumbling by Rs 200 to Rs 28,100 per ten gram at the bullion market today largely in tandem with a weakening trend overseas amid low demand from jewellers. In line with overall trends, silver also plunged by Rs 1,550 to Rs 37,550 per kg on poor offtake by industrial units and coin makers. Bullion traders said apart from sluggish ...
Rapper and entrepreneur Jay Z is acquiring Swedish tech company Aspiro for 464 million Swedish crowns (56 million dollars) According to the Verge, Aspiro currently operates a pair of streaming services: the ad-free WiMP and the high-definition Tidal. The rapper intends to buy Aspiro via his company Project Panther Bidco. Jay Z's bid was accepted by Norwegian media company Schibsted, which owns a ...
WASHINGTON (Reuters) - Sun Pharmaceutical Industries Ltd has won U.S. approval to buy Ranbaxy Laboratories Ltd on condition that it sells its interest in a generic anti-bacterial medicine, the Federal Trade Commission said on Friday. India's Sun Pharmaceutical's said in April that it had agreed to buy generic drugmaker Ranbaxy Laboratories Ltd for $3.2 billion from the current owner, Japan's Daiichi ...
A new research has revealed about a new flexible generator that converts muscle movements into enough power for small electronics, using human skin as one of its charge-collectors. The postage-stamp-sized device takes advantage of static electricity to convert mechanical energy into electrical energy. Such friction-powered generators could usher new types of wearable sensors that don't require batteries ...
COLOMBO, Jan 30 (Reuters) - Sri Lanka's annual inflation rate picked up to 3.2 percent year-on-year in January, from 2.1 percent in the previous month, the state-run Department of Census and Statistics said on Friday. The annual average inflation, measured on 12-month moving average fell to a record low of 3.2 percent this month from 3.3 percent a month earlier. It hit a record high of 8.8 percent ...

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 ...
* GDP headline disappoints, consumer spending up * Shake Shack rises in market debut, Visa to split shares in four * Indexes down: Dow 0.68 pct, S&P 0.63 pct, Nasdaq 0.15 pct (Updates to morning trading, adds data, comment) By Sinead Carew NEW YORK, Jan 30 (Reuters) - U.S. stocks fell on Friday, pressured by concern over by domestic economic growth and the potential impact of euro zone instability ...
By Ryan Vlastelica NEW YORK (Reuters) - Stock prices in the U.S. energy sector have been under pressure in 2015, and there could be more bad news to come when several key players report their fourth-quarter results next week. The group has been falling alongside crude oil prices, which are down about 60 percent since June. That drop has led to not only weaker shares - the S&P Energy index is one ...
The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $43.24 a barrel Tuesday, compared with $42.90 a barrel Monday, the OPEC secretariat said. The OPEC reference basket of crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), ...
The Indian government's fiscal deficit has exceeded the budget estimate within the first nine months of the current fiscal, data showed Friday at a time it has recovered ground somewhat by earning over Rs.22,000 crore from disinvestment in Coal India. Latest data by the Controller General of Accounts shows that deficit during April-December period was over Rs.532,000 crore as against the annual budget ...
BANGKOK, Jan 30 (Reuters) - The Philippine main index hit a record close on Friday, marking its biggest monthly gain in 11 months, while the Indonesian benchmark snapped two sessions of losses amid foreign inflows into selected large caps. The Philippine composite index closed up 0.95 percent at 7,689.91, surpassing an all-time closing high of 7,661.18 hit on Jan. 28. It was up 6.35 percent ...
Former footballer David Beckham says he has become "a taxi driver" for his four children after retirement. During his appearance on "Jimmy Kimmel Live!", Beckham said he had his hands full driving around sons Brooklyn Joseph, Romeo James, Cruz David and his daughter Harper Seven to school, reports aceshowbiz.com. "To be honest, I've become a taxi driver overnight with the kids. I'm literally an Uber ...
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