Markets

Sahara India's Troubles Multiply: Enforcement Directorate Files ₹3,600 Cr FEMA Charges over Luxury Hotel Investment

Sahara India suffered another setback, with the Enforcement Directorate issuing a show cause notice to the group, concerning FEMA violations in the purchase of London-based Grosnover House luxury hotel.

Feb 7, 2015

Dow biggest weekly percentage gain since Jan 2013

It was a strong week on Wall Street for stocks pushing the Dow and the Nasdaq into positive territory for this year. The wage gains seen in the December jobs report initially led investors to buy

Feb 7, 2015

Back to work, and making more money

Getting back to work got a little easier for many Americans last month, and they are making more money on the job. Employment rose more than expected in January. The U.S. economy added 257,000 new

Feb 7, 2015

Merkel, Hollande push for Ukraine peace

A ceasefire, and the chance to get out. Some residents of eastern Ukraine evacuate their war-torn region, ravaged by a conflict between separatist rebels and government forces - which has seen more

Feb 6, 2015

Premier League TV rights go under hammer

A battle of the broadcasters for the most-watched football league in the world. The deadline now upon us for the first round of bids for UK TV rights of English Premier League matches. Rivals Sky

Feb 6, 2015

Greece: what now after whirlwind week?

A familiar scene of Greek protest. This, though, just on Thursday night. Part hope - but much anger, at Germany's unreadiness to do deals on debt. Alexis Tsipras is defiant too as his new

Feb 6, 2015

U.S. adds 257,000 jobs last month

Employers added lots of jobs last month and gave their workers fatter paychecks despite signs of a slowdown in growth. Payrolls rose by 257,000. That's much more than expected. That was the 11th month

Feb 6, 2015

Siemens wields axe, but little blood

The axe is dropping at Siemens. Europe's biggest engineering company has announced it's slashing 7,800 jobs worldwide. That's about 2 percent of its global workforce. Siemens has been implementing

Feb 6, 2015

South Africa's power struggles

Power cuts in South Africa have become a fact of life. Electricity is in high demand but short in supply. The country's main utility firm Eskom has introduced scheduled, rolling blackouts to ease

Feb 6, 2015

China slams U.S. for cyber hacking allegation

ROUGH CUT (NO REPORTER NARRATION) Beijing on Friday (February 6) slammed the allegation made by the United States that China had a possible link to a cyberattack on its insurance company Anthem Inc.

Feb 6, 2015

Sahara: Forged Letter Spoils Efforts to Secure Subrata Roy's Release

Bank of America denied issuing any letter to Mirach Capital Group

Feb 6, 2015

'Yennai Arindhaal' Opening Day Box Office Collection: AjithStarrer Beats Vikram's 'I'; Fails to Break 'Kaththi', 'Lingaa' Records in TN

Ajith starrer gets massive opening in Tamil Nadu and Kerala but fails to beat box-office collection of Vijay's "Kaththi" and Rajinikanth's "Lingaa"

Feb 6, 2015

BSE closes points 133.06 down on Feb 6

New Delhi, Feb 6 (ANI): Trading at the Bombay Stock Exchange today closed 133.06 points down to stand at 28,717.91 at the National Stock Exchange the Nifty closed 50.65 points down to stand at 8,661.05. BHUSHAN STEEL LTD. and HDIL were among the top gainers of Group A with an increase of 11.96% and 8.30% along with INDIA CEMENTS LTD. and PMCFIN with an increase of 5.25% and 4.95% respectively, while the top losers of Group A include CEATLTD and PTC with a decrease of 7.09% and 6.46% along with APOLLOTYRE and JAMMU and KASHMIR BANK LTD. with a decrease of 5.93% and 5.87% at the close of the markets. The Auto sector is down 541.95 points at 19,051.97, while the banking sector is down 277.77 points at 21,535.42 and the reality sector is down 11.37 points at 1,746.32. The Indian currency is up 0.03% at Rs 61.75 per dollar.

Feb 6, 2015

Africa: debt crisis looming?

Debt crisis. It's a phrase Europe has made its own in recent history. Could it be Africa's turn next? SOUNDBITE (English) JUDITH TYSON, AUTHOR, OVERSEAS DEVELOPMENT INSTITUTE, SAYING: ''The risk

Feb 6, 2015

Global Bodies Lined up for Funding Infrastructure Development: Arun Jaitley

Arun Jaitley told industrialists that the expected infra boom would witness a combination of funding, which would see significant participation from international bodies.

Feb 6, 2015