Asia

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Rupee hits a new low at 69.62 per dollar amid political crisis in Turkey

The Indian currency hit a record low as the political-economic crisis in Turkey creates panic.

Aug 13, 2018

Satya Nadella offloads $35.9 million in Microsoft stock; biggest sale in his tenure as CEO

Microsoft CEO Satya Nadella, whose annual base salary last year was $1.45 million and total compensation exceeded $20 million, is required to have 15 times his base salary in stock.

Aug 11, 2018

Swedish furniture giant IKEA opens store in India with shocking sales record in just 2 days

The Swedish furniture giant has opened its first store India at Hyderabad. The day-1 and day-2 sales are just mindblowing.

Aug 11, 2018

Rupee predicted to trade at 68.22 per dollar in a year; will hit a major low

The battered rupee will trade in a tight range in the coming year but not far from its historic low, hampered by higher oil prices and as trade tensions hurt emerging markets, a Reuters poll found.

Aug 10, 2018

New US sanctions hit Russian market; rouble hits two-year low

The Russian currency is on track for its deepest weekly fall since early April when it lost 6.7 percent.

Aug 9, 2018

Sensex crosses 38,000 mark; Nifty50 nears 11,500 at record high

Positive domestic political cues lifted the Indian equity indices to new record highs on Thursday.

Aug 9, 2018

Walmart's Flipkart acquisition for $16 billion cleared by Competition Commission of India

Bentonville, Arkansas-based Walmart announced in May it was acquiring about 77 percent of Flipkart for roughly $16 billion in the biggest deal for India's e-commerce sector, which Morgan Stanley estimates will grow close to an annual $200 billion in a decade.

Aug 9, 2018

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Sensex climbs 200 points, Nifty reaches 11,400 as banking stocks rise

Both the Sensex and Nifty50 hit their all-time highs of 37,801.78 points and 11,427.00 points respectively.

Aug 6, 2018

Reliance JioPhone India's 'market leader in handsets', Samsung trails behind

The JioPhone was India's top-selling phone in the second quarter of 2018, with a market share of 27 percent, and created a whole new segment- Fusion phones.

Aug 2, 2018

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7 Indian firms in Fortune 500 list; Indian Oil Corporation tops, Reliance Industries up 55 ranks

American retail giant Walmart tops the latest Fortune listing, while Indian Oil Corporation jumped to 137th position, from its 168th rank last year.

Aug 1, 2018

Huawei's rise sees Apple slip to third in global smartphones sales

Huawei shipped 54 million handsets, beating Apple's 41 million iPhones to become the second largest smartphone brand worldwide.

Aug 1, 2018

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Rise in US stockpile sees oil prices sink

Oil prices fell on Wednesday after industry data showed U.S. stockpiles of crude unexpectedly rose, starting the new month in negative territory after the largest monthly decline in two years in July.

Aug 1, 2018

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Oil prices drop as OPEC production increases in July

Oil prices slipped on Tuesday after a report showed that OPEC production reached a 2018 high in the month of July, although the losses were limited as concerns about supply lingered.

Jul 31, 2018