Asia

India CV industry outlook FY2017: Pre-buying ahead of BS-IV emission norms to partially offset slump after note ban

Across the CV industry, medium and heavy commercial vehicle (M&HCV) segment is likely to register a marginal growth of 0-2 percent in FY2017 impacted by demonetisation.

Jan 18, 2017

Cabinet clears public listing of 5 state-run general insurance companies

New India Assurance Co, United India Insurance, Oriental Insurance, National Insurance Company and General Insurance Corp would be publicly listed.

Jan 18, 2017

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Sensex up as banking stocks gain ahead of earnings

The Nifty Bank index hit its highest in two months, with HDFC Bank and ICICI Bank leading the gains. The benchmark BSE Sensex was 0.5 percent higher at 27,375.64

Jan 18, 2017

Qualcomm slapped with US antitrust suit for unfair trade practices

The US agency also accused Qualcomm of refusing to license some standard essential patents to rival chipmakers and of entering into an exclusive deal with Apple Inc

Jan 18, 2017

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Gold, silver prices rise sharply over domestic buying, global uncertainty

Projections for weak gold, silver prices due to subdued demand notwithstanding, the two metals have been rising steadily.

Jan 17, 2017

India's oil demand growth rate continues to outpace China's for third successive year

Analysts opine that gains in oil demand from manufacturing-led Make in India initiative will more than offset the negative impact of the note ban.

Jan 17, 2017

Delta Corp shares spurt on receiving Gangtok casino license; Reliance Industries down 3% after Q3 results

Reliance Industries reported a net profit of Rs 8,022 crore in the December quarter while its gross refining margin increased to $10.80 a barrel.

Jan 17, 2017

IMF bumps up US and China growth outlook, downgrades India on note ban

Donald Trump's promised plans to cut taxes and boost infrastructure spending is expected to boost US growth in 2017 and 2018, the IMF said.

Jan 17, 2017

Budget 2017: Higher likelihood of repo rate cut in February if govt sticks to fiscal consolidation, says ICRA economist

However, economist Aditi Nayar added that the room for incremental rate cuts would be limited to 25 bps over next six months.

Jan 16, 2017

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Sterling skids on Brexit anxiety; investors hope for Trump clarity

All the early action was in currencies where the pound sank as low as $1.1983, depths not seen since the flash crash of Oct.

Jan 16, 2017

Essilor, Luxottica merge to create a luxury eyewear giant; all you need to know about the mega merger

The combined entity will be named EssilorLuxottica that will have a presence in more than 150 countries.

Jan 16, 2017

Brace up! India's telecom pricing war will further intensify, says JP Morgan

Given that most incumbent telcos are comfortably based on financial metrics, any aggressive pricing strategy would likely be matched, JP Morgan said.

Jan 15, 2017

Sebi allows mutual funds to invest in REITs and InvITs, but with strict riders

The market regulator also allowed celebrity endorsements of mutual funds at an industry level, but not a particular scheme or as a branding exercise of a mutual fund house.

Jan 15, 2017

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Sensex, Nifty snap three-day winning streak; forex reserves fall

Benchmark indices BSE Sensex and NSE Nifty closed with minor losses; foreign exchange reserves drop sharply, led by gold.

Jan 14, 2017

Demand in India's consumer electricals sector likely to revive in 3-4 months: Nirmal Bang

Footfalls have rebounded to around 70% of the pre-demonetisation level compared with only 20% in November last year, according to the brokerage.

Jan 14, 2017

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