Factory output dips by 1.8 percent in June (Roundup)
August 9th, 2012 - 8:23 pm ICT by IANS
New Delhi, Aug 9 (IANS) India's industrial output dropped 1.8 percent in June, the third time in four months, due to a sharp contraction in manufacturing production, government data ... Read more...
Posted in Business |
Facebook share price slumps below $20
August 3rd, 2012 - 7:55 pm ICT by Aishwarya Bhatt
New York, Aug 3 (THAINDIAN NEWS) Facebook is with fear of its growth. Yesterday, 2nd March for the first time since it came in to being, Facebook shares dropped to below 20 ... Read more...
Posted in Technology Industry News |
Inflation, fiscal deficit leave little room for rate cut
July 29th, 2012 - 5:34 pm ICT by IANS
New Delhi, July 29 (IANS) The Reserve Bank of India (RBI) is unlikely to cut interest rates when it reviews the monetary policy Tuesday as a ballooning fiscal deficit, high ... Read more...
Posted in Business |
South Korea’s corporate direct financing drops
July 24th, 2012 - 1:47 pm ICT by IANS
Seoul, July 24 (IANS) South Korean companies' direct financing through issuing stocks and bonds dropped 10.2 percent in the first half of this year due to Europe's fiscal crisis and ... Read more...
Posted in Business |
Market regulator at fault in Sahara case, apex court told (Lead)
May 30th, 2012 - 9:38 pm ICT by IANS
New Delhi, May 30 (IANS) The Supreme Court was Wednesday informed that the stock market regulator could not have taken up the issue of Sahara group of companies mopping up ... Read more...
Posted in Business |
Small investors should not directly trade in equities: SEBI
May 19th, 2012 - 8:14 pm ICT by IANS
New Delhi, May 19 (IANS) Small investors should not start trading directly in stock market as they don't have adequate resources to take informed decision, chairman of the Securities ... Read more...
Posted in Business |
Sri Lanka’s bourse relaxes rule
April 20th, 2012 - 2:08 pm ICT by IANS
Colombo, April 20 (IANS) Sri Lanka's stock market opened on a positive note Friday after the removal of the 10 percent price band by the Securities and Exchange Commission (SEC), ... Read more...
Posted in South Asia |
Spaniard one of world’s savviest bankers, says Fortune
March 24th, 2012 - 12:39 pm ICT by IANS
New York, March 24 (IANS/EFE) The chairman of Spain's Grupo Santander, Emilio Botin, is the subject of a glowing article in the latest issue of Fortune magazine, which describes the ... Read more...
Posted in World |
LIC stake in ONGC rises to 9.5 percent after auction
March 5th, 2012 - 5:42 pm ICT by IANS
Mumbai, March 5 (IANS) The government-run Life Insurance Corporation of India picked up 37.71 crore shares of Oil and Natural Gas Corporation (ONGC) in an auction last week taking its ... Read more...
Posted in Business |
Trust China’s stock market: official
January 4th, 2012 - 7:03 pm ICT by IANS
Beijing, Jan 4 (IANS) Investors should have confidence in China's stock markets, according to a top official.Guo Shuqing, chairman of the China Securities Regulatory Commission (CSRC), said China had the ... Read more...
Posted in Business |
US stocks slide on Europe concerns
December 29th, 2011 - 3:14 am ICT by IANS
New York, Dec 29 (IANS) US stocks continued to decline during mid-day trading Wednesday as European banks deposited record amount of cash in the European Central Bank.Italy Wednesday successfully sold ... Read more...
Posted in Business |
Facebook discussing filing IPO in 2012
November 30th, 2011 - 11:16 pm ICT by Aishwarya Bhatt
New York, Nov 30 (THAINDIAN NEWS) Facebook is reportedly in talks for an initial public offering in April 2012. The social networking site which is home to about 800 million users will ... Read more...
Posted in Technology Industry News |
Group of Russian brokers arrested in $3.2 bn scam
November 28th, 2011 - 6:00 pm ICT by IANS
Moscow, Nov 28 (IANS/RIA Novosti) A group of stockbrokers has been arrested in Russia for illegally diverting 100 billion rubles (around $3.2 billion) into offshore accounts.However, the exact number of ... Read more...
Posted in World |
CPI-M opposes Pension Bill
November 17th, 2011 - 6:15 pm ICT by IANS
New Delhi, Nov 17 (IANS) The Communist Party of India-Maxist (CPI-M) Thursday hit out at the Pension Fund Regulatory and Development Authority Bill, saying it will harm the interests of ... Read more...
Posted in Business |
Groupon IPO raises $700 million
November 4th, 2011 - 11:16 pm ICT by Aishwarya Bhatt
New York, Nov 4 (THAINDIAN NEWS) Groupon’s IPO has become the second largest Internet business. The company has generated $700 million with its initial public offering. When Google went public in 2004, ... Read more...
Posted in Technology Industry News |
Dunst, Bloom to star in ‘Cities’
October 30th, 2011 - 4:52 am ICT by IANS
Los Angeles, Oct 30 (IANS) Actors Kirsten Dunst and Orlando Bloom are set to join Bollywood actor Anil Kapoor in Clive Owen's new film "Cities".The film is being produced by ... Read more...
Posted in Entertainment |
Despite record profits, Apple disappoints Wall Street
October 19th, 2011 - 11:43 am ICT by IANS
Washington, Oct 19 (IANS) Despite setting new sales and profit records over the last three months and blowing past the $100 billion mark Apple's revenue and earnings on the last ... Read more...
Posted in Uncategorized |
Reliance Group complains to court about media reports
October 10th, 2011 - 11:32 pm ICT by IANS
New Delhi, Oct 10 (IANS) The Supreme Court Monday was told that media reports based on status reports submitted by the Central Bureau of Investigation (CBI) on its probe into ... Read more...
Posted in Business |
Carol Bartz could get $10 million in compensation from Yahoo
September 8th, 2011 - 9:59 pm ICT by Aishwarya Bhatt
Washington, Sept 8 (THAINDIAN NEWS) Former Chief Executive Officer of Yahoo! Inc. Carol Bartz could walk away with $10 million following the termination of her contract recently. Bartz was the boss of ... Read more...
Posted in Technology Industry News |
12 Chinese school principals sacked over lunch scam
August 8th, 2011 - 4:09 pm ICT by IANS
Beijing, Aug 8 (IANS) A dozen school principals have been sacked in China for embezzling budget for students' lunch.Eleven of the principals have been jailed for embezzling the students' lunch ... Read more...
Posted in Uncategorized |
Pakistan won’t be immune to global downturn: Daily
August 7th, 2011 - 1:21 pm ICT by IANS
Islamabad, Aug 7 (IANS) It would be naive to assume that Pakistan will remain immune as the global economic sentiment sours, said a leading daily.An editorial in the Dawn Sunday ... Read more...
Posted in South Asia |
Reliance Securities launches regular stock purchase plan
August 4th, 2011 - 7:19 pm ICT by IANS
New Delhi, Aug 4 (IANS) Reliance Securities, a part of Reliance Capital, Thursday announced the launch of a systematic investment plan - the Regular Stock Purchase (RSP) - which allows ... Read more...
Posted in Business |
Three Pakistani ex-generals face probe for Rs.1.82 bn loss
July 2nd, 2011 - 1:50 pm ICT by IANS
Islamabad, July 2 (IANS) A Pakistani parliamentary watchdog has formally held responsible three retired army generals for a loss of Rs.1.82 billion to the public exchequer, a media report said.The ... Read more...
Posted in South Asia |
Three ex-generals face probe for corruption
June 26th, 2011 - 10:36 pm ICT by IANS
Islamabad, June 26 (IANS) Three retired Pakistani generals are facing a probe for corruption. The Dawn said Sunday that such an investigation was taking place for the first time in ... Read more...
Posted in South Asia |
Indian-American’s tipster convicted of insider trading
June 21st, 2011 - 10:56 am ICT by IANS
New York, June 21 (IANS) A former expert-network consultant, who allegedly leaked information to an Indian-American hedge fund manager, has been found guilty of insider trading.The conviction of Winfred Jiau ... Read more...
Posted in Uncategorized |
Men, women respond differently under stress
June 5th, 2011 - 10:20 pm ICT by IANS
Washington, June 5 (IANS) Stress causes men and women to respond differently to risky decision making, says a study.For instance, men charge ahead for small rewards and women take their ... Read more...
Posted in Uncategorized |
Toronto-London bourse merger iffy after rival offer
May 16th, 2011 - 12:37 pm ICT by IANS
Toronto, May 16 (IANS) The proposed merger of the Toronto Stock Exchange with the London Stock Exchange may be in trouble as a Canadian group has made a rival offer ... Read more...
Posted in Business |
Systemic failure blamed for Bangladesh share market crisis
April 7th, 2011 - 8:43 pm ICT by IANS
Dhaka, April 7 (IANS) A probe committee said Thursday that systemic failure has allowed massive manipulation of the stock exchanges in Bangladesh, and also dismissed the view that political ... Read more...
Posted in Business |
William Shatner a stock market billionaire?
March 30th, 2011 - 5:57 pm ICT by ANI
Washington, March 30 (ANI): Is Canadian actor William Shatner officially a billionaire? He could be, courtesy Priceline.com.PCLN shares have surged to yet another record high. They're up nearly 90 dollars bucks this ... Read more...
Posted in Entertainment |
Some millionaires do not feel wealthy: Fidelity survey
March 15th, 2011 - 6:49 pm ICT by ANI
Washington, Mar.15 (ANI): Four out of ten respondents in a survey conducted by Fidelity Institutional Wealth have said that they do not feel wealthy, even though they reported an average of 3.5 ... Read more...
Posted in World |
Billionaire hedge-fund head Rajaratnam faces 100 years in US prison
March 10th, 2011 - 2:56 pm ICT by ANI
New York, Mar 10(ANI): A Sri Lankan born-American, who founded the Galleon Group, a New York-based hedge fund management, used "stolen business information to steal tens of millions of dollars", a federal ... Read more...
Posted in World |
Wall Street falls sharply amid Libya unrest
February 23rd, 2011 - 4:41 am ICT by IANS
New York, Feb 23 (IANS) US stocks dropped sharply Tuesday amid Libya unrest with the Dow Jones industrial average plummeting 178.46 points, or 1.44 percent, to 12,212.79 points, Xinhua reported.The Standard & ... Read more...
Posted in Business |
Anil Ambani says his company is not barred from trading in capital market
January 16th, 2011 - 9:23 pm ICT by ANI
Mumbai, Jan 16(ANI): Reliance Anil Dhirubhai Ambani Group Chairman Anil Ambani on Sunday said that the Securities and Exchange Board of India (SEBI) had not banned him or his companies from trading ... Read more...
Posted in National |
RBI may hike rates by 25 basis points: SBI
January 12th, 2011 - 7:22 pm ICT by IANS
New Delhi, Jan 12 (IANS) India's largest lender State Bank of India (SBI) Wednesday said the Reserve Bank of India (RBI) can hike interest rates by 25 basis points when it ... Read more...
Posted in Business |
‘Over Rs.23,000 crore raised in private equity deals in 2010′
December 12th, 2010 - 12:40 am ICT by IANS
Kolkata, Dec 11 (IANS) Private equity deals raised between Rs.23,000 crore to Rs.24,000 crore in India this year compared to Rs.14,000 crore in 2009 (calendar year), market analysts said here Saturday."This calendar ... Read more...
Posted in Business |