Chinese yuan drops against dollar
Beijing, Feb 23 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, lost 108 basis points to 6.5273 against the US dollar on Tuesday, according to the China Foreign Exchange Trading…
Business
Chinese shares open mixed
Beijing, Feb 23 (IANS) Chinese stocks opened mixed on Tuesday, with the benchmark Shanghai Composite Index down 0.05 percent, at 2,925.71 points. The smaller Shenzhen index opened 0.03 percent higher at 10,374.36 points, Xinhua news…
Tokyo shares open higher
Tokyo, Feb 23 (IANS) Tokyo shares opened the trading Tuesday higher following overnight gains in the US equity market and the rise in oil prices. At 9.15 a.m., the 225-issue Nikkei Stock Average gained 184.66…
US stocks surge as oil rebounds
New York, Feb 23 (IANS) The US stocks ticked up in the morning session on Monday, as a strong rebound in oil prices boosted Wall Street sentiment. By midday, the Dow Jones Industrial Average surged…
Germany’s benchmark DAX index closes higher
Frankfurt, Feb 23 (IANS) The benchmark DAX index at Frankfurt Stock Exchange on Monday went up by nearly 200 points and closed at 9,573.59 points. Oil prices hiked and the exchange rate of euro plunged,…
Spanish stock market closes higher
Madrid, Feb 23 (IANS) The Spanish stock market index Ibex 35 rose 2.35 percent on Monday to close at 8,387 points, up from the 8,194.20 points of Friday. ArcelorMittal shares led rises climbing 7 percent,…
US stocks open higher as oil rebounds
New York, Feb 22 (IANS) US stocks opened higher on Monday as a strong rebound in oil prices boosted Wall Street sentiment. Oil prices traded sharply higher in early trading Monday, with the US oil…
DigitalOcean to open data centre in Bengaluru
Bengaluru, Feb 22 (IANS) New York-based developers’ cloud computing platform DigitalOcean on Monday said it will set up a data centre in Bengaluru and offer solutions to startups, individual developers and other non-enterprise clients. “Currently…
5 percent government stake sale in NTPC on Tuesday
New Delhi, Feb 22 (IANS) The government will on Tuesday divest 5 percent stake in power generator NTPC through the offer for sale (OFS) route as a part of the disinvestment programme for this fiscal…
Will decide on Tata’s suggestion at right time: Minister
Patna: Union Minister of State for Culture (Independent Charge), Tourism (Independent Charge) and Civil Aviation, Dr. Mahesh Sharma addresses a press conference in Patna on Feb 16, 2016. (Photo: IANS) New Delhi, Feb 22 (IANS)…
Free-for-all ‘Chicken Sanju Baba’ to celebrate actor’s freedom
Mumbai, Feb 22 (IANS) A Mumbai restaurateur will offer a special culinary delight — named ‘Chicken Sanju Baba’ — free of charge to all patrons and fans to celebrate Bollywood actor Sanjay Dutt’s release from…
Jat stir: Industry says Rs.34,000 crore loss to northern states
Rohtak: Security beefup in Rohtak in the wake off Jats demonstration on Feb 19, 2016. (Photo: IANS) New Delhi, Feb 22 (IANS) With the Jat agitation for job quotas continuing in Haryana, Indian industry on…
IISL announces five new indices, total indices at 11
New Delhi, Feb 22 (IANS) National Stock Exchange (NSE) group company India Index Services & Products Ltd (IISL) on Monday announced the new Nifty broad market indices structure consisting of 11 indices, five of them…
Zica is now TIAGO: Tata Motors
Chennai, Feb 22 (IANS) Automobile maker Tata Motors Ltd on Monday said it has renamed its new hatchback Zica as TIAGO. In a statement, the company said the new name was crowdsourced and the winner…
Can only request airlines to keep fares low: Minister
Patna: Union Minister of State for Culture (Independent Charge), Tourism (Independent Charge) and Civil Aviation, Dr. Mahesh Sharma addresses a press conference in Patna on Feb 16, 2016. (Photo: IANS) New Delhi, Feb 22 (IANS)…
Bharat Fritz Werner launches Dr. Kalam Centre of Innovation
Bengaluru, Feb 22 (IANS) Machine tools manufacturer Bharat Fritz Werner (BFW) on Monday inaugurated Dr. Kalam Centre for Innovation at its premises here to work on core research and develop energy efficient and alternative material…
Maruti extends manufacturing suspension till Tuesday
Gurgaon, Feb 22 (IANS) Maruti Suzuki India Limited on Monday extended for another day the suspension of manufacture of cars at its facilities in Manesar and Gurgaon due to the ongoing Jat agitation, a company…
Short-coverings, global cues swell equity markets
Mumbai, Feb 22 (IANS) Short-coverings, coupled with value-buying and positive global indices, supported the rise of the Indian equity markets on Monday. Consequently, the barometer 30-scrip sensitive index (Sensex) of the BSE closed the day’s…
5G, IoT and cloud will disrupt every industry in 2016: Ericsson CEO
Barcelona, Feb 22 (IANS) Digital disruption will come to every industry in 2016, Ericsson president and CEO Hans Vestberg said at the Mobile World Congress (MWC) here on Monday and made announcements regarding 5G, Internet…
OPEC daily basket price closes lower
Vienna, Feb 22 (IANS/WAM) The price of OPEC’s basket of thirteen crudes stood at $29.17 a barrel on Friday, compared with $29.96 on Thursday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes…