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…
Finance
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…
India needs competitive tax rates to be manufacturing hub: Jaitley
New Delhi: Union Minister for Finance, Corporate Affairs, and Information and Broadcasting Arun Jaitley addresses during the Sardar Patel Memorial Lecture – 2015 organised by All India Radio in New Delhi, on Oct 26, 2015….
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…
NHAI issues bonds to raise up to Rs.3,300 crore for projects
New Delhi, Feb 24 (IANS) The National Highways Authority of India (NHAI) on Wednesday announced plans to raise up to Rs. 3,300 crore through public issue of tax free, secured, redeemable non-convertible bonds for financing…
Monetary limit for air, rail coupons up for MLAs in Jharkhand
Ranchi, Feb 24 (IANS) The entitlement of legislators in Jharkhand for air and rail travel coupons has been increased to Rs.5 lakh per annum, a state minister told the assembly on Wednesday. “The coupons for…
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…
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…
Karnataka seeks funds for Bengaluru suburban rail service
Bengaluru, Feb 24 (IANS) The Karnataka government is hoping the railway budget for fiscal 2016-17 will allot funds to run a full-fledged suburban rail service linking Bengaluru with towns in the hinterland, a senior official…
OPEC daily basket price closes lower
Vienna, Feb 24 (IANS/WAM) The price of OPEC’s basket of thirteen crudes stood at $28.94 a barrel on Tuesday, compared with $29.48 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of…
Chinese shares on roller-coaster ride
Beijing, Feb 24 (IANS) Chinese shares staged a remarkable rally on Wednesday, recovering from the early losses brought about by small-cap stocks. The benchmark Shanghai Composite Index surged 0.88 percent to close at 2,928.9 points…
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 provisionally closed the day’s…
With economic jitters, gold imports surge 85 percent
By Abhishek Waghmare IndiaÂs gold imports surged 85 percent in January 2016, indicating how, as stock markets decline and some economic indicators worsen in the run up to Finance Minister Arun JaitleyÂs third budget, Indians…
Haryana calm, people count losses
Chandigarh, Feb 24 (IANS) Haryana remained calm on Wednesday, with people pouring out of their homes in violence-hit districts and supplies of essential commodities restored. Shops and business establishments, which survived the wrath of the…
Caution over upcoming macro-economic events subdue equity markets
Mumbai, Feb 24 (IANS) Caution-selling ahead of the upcoming railway budget and derivatives expiry, depressed the Indian equity markets during the mid-afternoon trade session on Wednesday. Consequently, the barometer 30-scrip sensitive index (Sensex) of the…
Expectations high as Prabhu presents his second rail budget
New Delhi, Feb 24 (IANS) Will Railway Minister Suresh Prabhu increase passenger fares and freight tariff? That’s the question that pops up as he presents his ministry’s annual budget for the next fiscal amid shrinking…
Japan shares end lower
Tokyo, Feb 24 (IANS) Japan shares ended the morning session lower on Wednesday on a firmer yen and the decline in oil prices. The 225-issue Nikkei Stock Average declined 103.74 points, or 0.65 percent, from…
Markets open on negative note on Wednesday
Mumbai, Feb 24 (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade. The Sensex of the BSE after opening at 23,332.94 points touched a…
Australia to increase defence spending
Canberra, Feb 24 (IANS) Australia will raise defence spending to two percent of its gross domestic product (GDP) over the next seven years in a formal announcement to be made by Prime Minister Malcolm Turnbull…
Tokyo shares open lower
Tokyo, Feb 24 (IANS) Tokyo shares opened the trading on Wednesday lower as sentiment here was weighed down by the yen’s appreciation and the oil prices’ retreat. At 9.15 a.m. (local time), the 225-issue Nikkei…