Tokyo shares open higher
Tokyo, Feb 25 (IANS) Tokyo shares opened the trading on Thursday higher following gains in the overnight US stocks market and the rise in oil prices. At 9.15 a.m. (local time), the 225-issue Nikkei Stock…
Business
Spanish stock market index plummets
Madrid, Feb 25 (IANS) The Spanish stock market index Ibex-35 fell 3.07 percent to close at 8,013.70 points, down from the 8,267.60 points of the previous session. IAG shares led falls losing 5.09 percent on…
Germany’s benchmark DAX index closes lower
Frankfurt, Feb 25 (IANS) The benchmark DAX index at Frankfurt Stock Exchange went down by nearly 250 points and closed at 9,167.8 points. The blue-chip index plunged by 248.97 points, or 2.64 percent on Wednesday,…
US clean energy advocacy group slams WTO on India solar ruling
Washington, Feb 24 (PTI) A top American environmentalist group today slammed the WTO over its ruling against India’s solar localisation policies for US firms. Alleging that almost half of US states have a programme like…
US stocks tick up as oil rebounds
New York, Feb 25 (IANS) US stocks reversed early sharp losses to end higher as signs of stabilization in oil prices soothed anxious investors. The Dow Jones Industrial Average rose 53.21 points, or 0.32 percent,…
Oil prices recover on mixed data
New York, Feb 25 (IANS) Oil prices increased as US crude data came out mixed. US crude supplies of last week added 3.5 million barrels to 507.6 million barrels, 73.5 million barrels more than one…
US dollar mixed on soft data
New York, Feb 25 (IANS) The US dollar traded mixed against other major currencies as the economic data from the country came out worse than expected. In late New York trading on Wednesday, the euro…
British FTSE 100 decreases
London, Feb 25 (IANS) FTSE 100 Index, British benchmark stock market gauge decreased by 1.60 percent, or 95.13 points, to 5,867.18 points. Share price of Persimmon increased by 2.27 percent, topped the gainers of the…
Uber opens Centre of Excellence in Hyderabad
Hyderabad, Feb 24 (IANS) Uber, the global tech-based transportation firm, on Wednesday opened a Centre of Excellence in Hyderabad, its first in Asia and fifth globally. The Centre of Excellence (CoE) is part of the…
US stocks open lower as oil extends losses
New York, Feb 24 (IANS) US stocks opened lower on Wednesday as the continued decline in oil prices dampened investor sentiment. Oil prices kept falling in early trading Wednesday, with US oil dropping about 4…
Naspers to invest $250 more in ibibo
Bengaluru, Feb 24 (IANS) Indian online travel company ibibo on Wednesday announced it raised $250 million from internet and media company Naspers to extend its position in Indian hotels category and additional technology innovations. “Our…
Infosys chief executive Sikka gets 2-year extension
Bengaluru, Feb 24 (IANS) Global software major Infosys Ltd on Wednesday extended the tenure of its first non-founder chief executive Vishal Sikka by two years to 2021 as a reward for his initiatives and for…
Tata calls for scrapping ‘5/20’ norm for flying abroad
Mumbai: Tata Sons chairman emeritus Ratan Tata felicitates retired police officer Suryakant Jog during a programme in Mumbai, on Dec 23, 2015. (Photo: IANS) Mumbai, Feb 24 (IANS) Tata Sons, owners of carriers Vistara and…
All power distribution firms to make money by 2019: Goyal
New Delhi, Feb 24 (IANS) Power Minister Piyush Goyal on Wednesday said power distribution companies, now in a state of disarray, can get their financial health back if state governments adopt the scheme approved by…
Strike continues at Tata Nano plant
Ahmedabad, Feb 24 (IANS) A strike by a section of workers at the Tata Motors’ Nano plant at Sanand near here entered the second day on Wednesday. Assistant Labour Commissioner M.S. Patel said the striking…
Caution over upcoming macro-economic events subdues markets
Mumbai, Feb 24 (IANS) Caution-selling ahead of the upcoming railway budget and derivatives expiry depressed the Indian equity markets on Wednesday. Consequently, the barometer 30-scrip sensitive index (Sensex) of the BSE closed the day’s trade…
Viacom18 forays into Hindi movie genre
Mumbai, Feb 24 (IANS) Entertainment conglomerate Viacom18 on Wednesday announced its new Hindi movie channel Rishtey CINEPLEX. The first Hindi movie channel from the house of Viacom18, Rishtey CINEPLEX will offer a holistic entertainment experience…
Fears of spending cuts dent railway stocks
Mumbai, Feb 24 (IANS) Fears of spending cuts, coupled with lower revenue realisation in the upcoming railway budget dented the sector specific stocks on Wednesday. According to market observers, stocks of companies associated with the…
Ola to create 50,000 entrepreneurship opportunities in UP
Lucknow, Feb 24 (IANS) Personal transportation mobile application company, Ola, has signed a Memorandum of Understanding with the Uttar Pradesh government to provide entrepreneurship opportunities for 50,000 men and women across the state over the…
Meizu m2 smartphone now available on Flipkart
New Delhi, Feb 24 (IANS) After receiving a tremendous response in India, leading Chinese smartphone brand Meizu on Wednesday made its debut for sale on the e-commerce platform Flipkart, the company said in a statement….