Sensex rallies 226 points on European cues (Roundup)
July 10th, 2012 - 7:05 pm ICT by IANS
Mumbai, July 10 (IANS) In a broad-based rally, a benchmark index of Indian equities markets Tuesday surged 226 points on positive cues from European bourses and hopes of better-than-expected ... Read more...
Posted in Business |
US stocks drop on economic, euro concerns
July 10th, 2012 - 1:31 am ICT by IANS
New York, July 9 (IANS) US stocks opened lower Monday as disappointing Asian data raised more economic concerns, Xinhua reported.On economic front, Japan's core machinery orders dropped worse-than-expected 14.8 percent ... Read more...
Posted in Business |
Dell planning to slash more than $2 billion in costs
June 14th, 2012 - 6:34 pm ICT by Aishwarya Bhatt
Texas, June 14 (THAINDIAN NEWS) The company Dell Inc has announced its plans to cut more than $2 billion costs over the next three years, mainly from the supply chain and sales ... Read more...
Posted in Technology Industry News |
Microsoft quarterly earnings top estimates
April 20th, 2012 - 1:42 pm ICT by IANS
San Francisco, April 20 (IANS) Microsoft Thursday reported a modest revenue increase and profit decline in its quarterly earnings with numbers still topping analysts' estimates.
For the quarter ending March ... Read more...
Posted in Business |
Sensex rises 192 points to a near six-week high (Roundup)
January 19th, 2012 - 7:43 pm ICT by IANS
New Delhi, Jan 19 (IANS) A benchmark index for Indian equities markets Thursday rallied 192 points to close at a high not seen in almost six weeks on improved ... Read more...
Posted in Business |
RIL soars but fails to enthuse Sensex (Roundup)
January 18th, 2012 - 6:39 pm ICT by IANS
Mumbai, Jan 18 (IANS) A benchmark index for Indian equities markets Wednesday closed on a flat note despite heavyweight scrip Reliance Industries (RIL) soaring after announcing a share buyback.The ... Read more...
Posted in Business |
Sensex slips into red, IT stocks lose
January 18th, 2012 - 6:06 pm ICT by IANS
Mumbai, Jan 18 (IANS) Indian equities markets slipped into the red around noon Wednesday with a benchmark index giving up modest gains amid selling in IT and telecom stocks.The ... Read more...
Posted in Business |
Rajat Gupta’s trial set for April 9
October 27th, 2011 - 11:37 am ICT by IANS
New York, Oct 27 (IANS) A New York court has set April 9 as the tentative date for the trial of Rajat Gupta, former Indian American director of Goldman Sachs ... Read more...
Posted in Business |
Wall Street up on European hopes, bank rally
October 19th, 2011 - 5:56 am ICT by IANS
New York, Oct 19 (IANS) The US stocks ended sharply higher Tuesday amid strong performance in financial sector and news that European policymakers were planning a two-trillion-euro fund, Xinhua reported.
The ... Read more...
Posted in Business |
US drops charges against Rajat Gupta
August 6th, 2011 - 10:00 am ICT by IANS
Washington, Aug 6 (IANS) The US Securities and Exchange Commission has agreed to drop an administrative action against Rajat Gupta, former Indian American director of Goldman Sachs Group Inc. In ... Read more...
Posted in Business |
US stocks close higher on earnings, consumer spending
April 30th, 2011 - 5:22 am ICT by IANS
New York, April 30 (IANS) US stocks edged higher Friday as earnings reports came in mixed and consumer spending rose in March due to high food and gas prices, Xinhua ... Read more...
Posted in Business |
Sensex closes 97 points down; Wipro, BHEL slump (Roundup)
April 27th, 2011 - 8:27 pm ICT by IANS
Mumbai, April 27 (IANS) A benchmark index for Indian equities markets fell nearly half percent Wednesday on selling pressure in realty, IT, auto and metal stocks to close in ... Read more...
Posted in Business |
Indian-American witness gave ‘bizarre’ testimony: Rajaratnam’s lawyer
April 22nd, 2011 - 11:21 am ICT by IANS
New York, April 22 (IANS) Lawyers of Raj Rajaratnam have dubbed the testimony of former Intel treasury official Rajiv Goel, who pleaded guilty to passing tips to the hedge fund ... Read more...
Posted in World |
‘Rajaratnam didn’t care about Rajiv Goel’s tips’
March 29th, 2011 - 11:16 am ICT by IANS
New York, March 29 (IANS) Former Indian American Intel executive Rajiv Goel sparred with the lawyer of Raj Rajaratnam over the value of alleged tips given to the Sri Lankan ... Read more...
Posted in Uncategorized |
Rajat Gupta takes leave from his PE firm
March 11th, 2011 - 10:45 am ICT by IANS
New York, March 11 (IANS) Amid charges of insider trading by US regulators, Rajat Gupta, former Indian-American director of Goldman Sachs Group has taken a leave of absence from a ... Read more...
Posted in Business |
Dell To Pay $100 Million To The SEC
July 23rd, 2010 - 7:39 pm ICT by GD
By Ranjan Bhaduri
July 23, (THAINDIAN NEWS) Dell Inc which is one of the largest PC makers of the world has agreed to pay a hefty fine in excess of $100 million to ... Read more...
Posted in Business, Technology Industry News |
Sensex closes below 18,000 on modest industrial data (Roundup)
July 12th, 2010 - 7:32 pm ICT by IANS
Mumbai, July 12 (IANS) A benchmark index for Indian equities Monday ended trade with a 103-point gain at 17,937 points, after breaching the psychologically important 18,000-mark.
The 30-scrip sensitive index (Sensex) ... Read more...
Posted in Business |
Sensex closes 100 points higher (Lead)
July 12th, 2010 - 5:16 pm ICT by IANS
Mumbai, July 12 (IANS) A benchmark index for Indian equities markets Monday ended trade with almost a 100-point gain, with realty and IT stocks finding favour among buyers.
The 30-scrip sensitive index ... Read more...
Posted in Business |
Sensex slips on modest industrial data after crossing 18,000
July 12th, 2010 - 2:47 pm ICT by IANS
Mumbai, July 12 (IANS) A benchmark index for Indian equities markets, which breached the psychological 18,000 mark in more than three months early Monday, slipped in noon trade after the government ... Read more...
Posted in Business |
Share index rises above 18,000 points
April 7th, 2010 - 10:59 pm ICT by ANI
Mumbai, Apr 7 (ANI): The share index on Wednesday climbed above 18,000 points for the first time in more than two years, driven by robust earnings expectations and firm global equities. ... Read more...
Posted in Business |
Bharti sees modest rise in net profit (Lead)
January 22nd, 2010 - 4:47 pm ICT by IANS
New Delhi, Jan 22 (IANS) The price war in the telecom sector has taken a toll on Bharti Airtel, which posted a net profit of Rs.2,209.8 crore (Rs.22.098 billion/$479 million) for the ... Read more...
Posted in Business |
US stocks mixed on poor earnings, financials rally
November 11th, 2009 - 5:05 am ICT by IANS
New York, Nov 11 (DPA) US stocks were mixed Tuesday as some companies posted disappointing quarterly earnings but financial firms gained.
The uneven trading day comes after a week of big gains by ... Read more...
Posted in Business |
News Corp earnings rise on cable TV and film gains
November 5th, 2009 - 11:36 am ICT by IANS
Los Angeles, Nov 5 (DPA) Media conglomerate News Corp posted an 11-percent rise in quarterly earnings as strong performances by the company's film and television businesses offset losses at its newspapers and ... Read more...
Posted in Business |
Banks drive sensex to 17-month closing high
October 16th, 2009 - 10:13 pm ICT by ANI
Mumbai, Oct.16 (ANI): Banking stocks drove the Bombay Stock Exchange (BSE) sensex up by 0.74 percent to its highest close in 17 months despite witnessing a slide in metals maker Sterlite ... Read more...
Posted in Business |
Sensex crosses 17,000 mark after financial crisis
September 30th, 2009 - 3:07 pm ICT by ANI
Mumbai, Sep 30 (ANI): The benchmark index of the Bombay Stock Exchange (BSE) climbed above 17,000 points on Wednesday for the first time since May 2008.The BSE index rose to more ... Read more...
Posted in Business |
US stocks crawl higher after Goldman Sachs earnings
July 15th, 2009 - 7:06 am ICT by IANS
New York, July 15 (DPA) US stocks edged up Tuesday after Goldman Sachs posted surprising quarterly earnings and retail earnings rose by the most since January.
Goldman Sachs overwhelmed Wall Street expectations, earning ... Read more...
Posted in Business |
Consumers being misled on nutritional benefits of high fructose sweeteners, natural sugars: Experts
July 1st, 2009 - 2:28 pm ICT by ANI
Washington, July 1 (ANI): Consumers are being misled on the nutritional differences between high fructose sweeteners and natural sugars, say experts.Condemning the Starbucks and other brands decision to drop high fructose corn ... Read more...
Posted in Health Science |
Financial stocks up in mixed day on Wall Street
April 14th, 2009 - 8:07 am ICT by IANS
New York, April 14 (DPA) A banking rally has helped US stocks make limited gains after mixed trading which began with poor earnings forecasts from planemaker Boeing Co and energy giant Chevron ... Read more...
Posted in Business |
US accounting standards relaxed to help banks out of crisis
April 3rd, 2009 - 9:04 am ICT by IANS
Washington, April 3 (DPA) US accounting standards were relaxed Thursday to allow banks to take a longer-term view on the value of toxic mortgage assets, which have already cost the industry more ... Read more...
Posted in Business |
Google profit falls for first time
January 23rd, 2009 - 11:18 am ICT by IANS
San Francisco, Jan 23 (DPA) Google posted the first-ever decline in its quarterly earnings Thursday but still beat market expectations in the withering economic climate.The web search giant said that it earned ... Read more...
Posted in World |
Sensex ends with a gain of six points
January 19th, 2009 - 8:40 pm ICT by ANI
Mumbai, Jan 19 (ANI): The Bombay Stock Exchange Sensex ended WITH a fair gain of six points. The investors expressed disappointment over slow third-quarter earnings in the blue-chip firms.The Sensex moved ... Read more...
Posted in Business |
Petroleum minister seeks increase in oil bond allocation
October 30th, 2008 - 9:48 pm ICT by IANS
New Delhi, Oct 30 (IANS) With oil marketing companies expected to post losses in the second quarter, Petroleum Minister Murli Deora met Finance Minister P. Chidambaram to ask for an increase in ... Read more...
Posted in Business |
Sensex crashes 1,088 pts
October 10th, 2008 - 1:30 pm ICT by ANI
Mumbai, Oct 10 (ANI): The Bombay Stock Exchange (BSE) benchmark Sensex on Friday tumbled by nearly 10 per cent to 10,239.76 in opening trade.
The 30-share index, which had nearly lost ... Read more...
Posted in National |
Infosys Q1 net rises 21%, raises FY09 forecast
July 11th, 2008 - 8:26 pm ICT by ANI
Bangalore, July 11 (ANI): Infosys Technologies Limited beat expectations with a 21 per cent rise in quarterly profit thanks to a weaker rupee, and raised its full year guidance on hopes ... Read more...
Posted in National |
WNS announces quarterly earnings
February 8th, 2008 - 1:56 pm ICT by admin
New York/ Mumbai, Feb 8 (ANI/Business Wire India): WNS (Holdings) Limited, a leading provider of offshore business process outsourcing (BPO) services, announced results for the quarter ended December 31, 2007 and raised ... Read more...
Posted in Business |