Asia

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India's foreign exchange reserves increase by $1,500 million; select stocks hit 52-week high

Rising for the fourth straight week, India's foreign exchange reserves stood at $363.14 billion as of February 3, 2017.

Feb 10, 2017

Airbnb eyeing to acquire Montreal-based rental startup Luxury Retreats International

Luxury Retreats, which would be Airbnb's largest acquisition, is a profitable venture and generates about $150 million in gross bookings a year.

Feb 10, 2017

Infosys hires law firm to review its simmering corporate governance issues

Some Infosys founders expressed concerns about sharp compensation hike for CEO Vishal Sikka and the severance package offered to ex-executives.

Feb 10, 2017

Nokia acquires Finnish network service provider Comptel for $370 million

The acquisition will help Nokia create a standalone software business by expanding its software portfolio and go-to-market capabilities.

Feb 10, 2017

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Gold prices at near 3-month high over uncertainty in French polls, Trump's policies

Fears over US President Donald Trump's policies and political uncertainties in Europe lift gold prices to almost 3-month high.

Feb 9, 2017

Copper prices hit 18-month high as workers at BHP Billiton's Escondida mine in Chile set to go on strike

A work stoppage at Escondida, the world's largest copper-mining site, will cut about 25,000 tonnes a week from the global copper market.

Feb 9, 2017

Stock markets abuzz with rumours of Axis Bank-Kotak Mahindra Bank merger

A top fund manager was quoted saying in an English daily that a merger is being explored by the shareholders of Kotak Mahindra Bank and Axis Bank.

Feb 9, 2017

RBI to completely remove cash withdrawal limits on savings accounts from next month

On Wednesday, the RBI said the limit on cash withdrawals from savings accounts will be completely lifted from March 13.

Feb 8, 2017

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Titan shares glitter on better-than-estimated Q3 results

Shares of Tata Group company rose almost 10 percent on BSE in response to the company's strong Q3 results.

Feb 8, 2017

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CESC shares hit 52-week high over Bikaner power distribution franchise; Oudh Sugar spurts 6.5% on upbeat Q3 results

RP-Sanjiv Goenka Group company CESC won order to supply electricity to Bikaner for 20 years, shares spurts 5 percent to hit 52-week high; Oudh Sugar Mills shares gain on bullish Q3 results.

Feb 7, 2017

RBI forced banks to grant loan to Kingfisher Airlines violating its own rules

Knowing well that KFA fell under the category of sub-standard assets, top RBI officials asked banks to loan more to the airline.

Feb 7, 2017

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ICICI Prudential Life shares hit new 52-week high, ICICI Bank gains 3.4%

ICICI Bank and ICICI Prudential Life Insurance post good gains on Monday (Feb 6), outperform BSE Sensex, NSE Nifty.

Feb 6, 2017

Cochin Shipyard may buy controlling stake in debt-laden ABG Shipyard

Shapoorji Pallonji and Co. Ltd., which was also in the race to buy a stake in ABG Shipyard, has apparently backed out of the discussions.

Feb 6, 2017

Bureau of Civil Aviation Security suspends IndiGo's security training licence

The licence suspension would result in additional cost for the carrier as it would have to outsource its training programme now.

Feb 5, 2017

Warburg Pincus acquires airline services group Accelya; Dubai-based Mercator and Accelya to merge

The combined entity of Accelya and Mercator will have annual revenues of $200 million with more than 400 clients worldwide, including 250 airlines.

Feb 5, 2017

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