Reuters•2 hours agoArgentina central banker resigns as IMF talks near conclusion
Argentina's central bank governor unexpectedly resigned on Tuesday in the midst of negotiations with the International Monetary Fund, upsetting President Mauricio Macri's efforts to restore investor confidence and sending the peso sliding. Luis Caputo's resignation after just three months
- ANI•2 hours ago
Yes Bank pitches for extension of Rana Kapoor's term
Mumbai (Maharashtra) [India], Sep 26 (ANI): As the shares of Yes Bank continue to decline, the Board of Directors have sought an extension of incumbent founder and CEO Rana Kapoor's term in office. The Board, following its meeting on Tuesday, announced the constitution of a "Search and Selection
Reuters•2 hours agoCanada not making concessions needed for NAFTA deal, U.S. says
Canada is not making concessions needed to reach a deal with the United States for a trilateral NAFTA pact and is running out of time before Washington proceeds with a Mexico-only agreement, a top U.S. official said on Tuesday. The administration of President Donald Trump recently began increasing the
- India Today•3 hours ago
Modi may attend Maldivian President's oath-taking ceremony
Prime Minister Narendra Modi is likely to get an invite to attend the oath-taking ceremony of the President-elect in Maldives Ibrahim Mohamed Solih who won in a dramatic turn of events ousting Abdulla Yameen.
Reuters•3 hours agoEnergy shares rise on higher oil; dollar slips as policy tightening eyed
Energy stocks climbed on Tuesday as oil prices surged above $81 a barrel, but U.S. shares ended lower as chipmakers fell on ratings downgrades and rate-sensitive shares lost ground ahead of an expected ...
- Reuters•4 hours ago
Deutsche Bank mulls merger scenario with UBS: Handelsblatt
Deutsche Bank (DBKGn.DE) has looked at a theoretical scenario of merging with UBS (UBSG.S), the German business daily Handelsblatt reported, citing people familiar with the matter. The scenario, along with a potential merger with Commerzbank (CBKG.DE), was discussed at the bank's strategy meeting
Reuters•4 hours agoS&P 500 dips as chip stocks and utilities tumble
The S&P 500 fell on Tuesday as chipmakers were dented by ratings downgrades and utilities declined ahead of an expected Federal Reserve interest rate hike, offsetting a boost from the energy sector. S&P ...
- The Quint•4 hours ago
Yes Bank Seeks to Extend Rana Kapoor’s Term as CEO Till Sept 2019
The RBI had said last week that Kapoor’s term as MD and CEO of Yes Bank would only extend up to 31 January, 2019.
Reuters•5 hours agoOil jumps, then pares gains as Trump pressures OPEC again
Oil prices rose Tuesday on global supply concerns following U.S. sanctions on Iran's oil exports, with benchmark Brent surging to a four-year high, then retraced gains to settle just slightly higher after U.S. President Donald Trump called again on OPEC to boost crude output. In a speech before
- IANS•6 hours ago
Bengal traders to join national strike on September 28
Kolkata, Sep 26 (IANS) Despite the state government's appeal not to go for strike ahead of festivals, the West Bengal chapter of the Confederation of All India Traders (CAIT) on Tuesday said they would join the proposed nationwide strike on September 28 to protest the Flipkart-Walmart deal and foreign
- Bloomberg Quint•6 hours ago
Aavas Financiers’ IPO Subscribed 0.03 Times On First Day Of Bidding
Aavas Financiers Ltd .’s Rs 1,734 crore initial public offering was subscribed 0.03 times on the first day of bidding today.
- Bloomberg Quint•6 hours ago
Garden Reach Shipbuilders’ IPO Subscribed 0.03 Times On Second Day
Of the 2.9 crore equity shares offered by Garden Reach Shipbuilders IPO, it received only 9.49 lakh bids on day 2 of bidding.
- Bloomberg Quint•6 hours ago
Is Aadhaar Valid? Supreme Court To Decide Today
The Supreme Court will rule on the validity of the Aadhaar, the world’s largest biometric identification database.
- Bloomberg Quint•6 hours ago
Stocks To Watch: Glenmark Pharma, Minda Industries, Yes Bank
Here are the stocks to watch in Wednesday’s trade.
- Reuters•6 hours ago
Versace sale turns up heat on fashion's independent outliers
Michael Kors' (KORS.N) swoop on Versace leaves a shrinking universe of fashion brands determined to go it alone and fend off luxury empire builders, raising the pressure on those struggling financially to lift sales or sell out. The Italian red carpet favourite is the latest label to be picked off
- Bloomberg Quint•6 hours ago
Jaitley Lashes At Rajan For MSME Banking Crisis Statement
FM Arun Jaitley hits out at Raghuram Rajan for MSME banking crisis statement, says postmortem is easier than action.
- Reuters•6 hours ago
Macron tells Trump oil prices would fall if Iran could sell its oil
French President Emmanuel Macron on Tuesday responded to U.S. President Donald Trump's criticism of high oil prices, saying that if had not reimposed sanctions on Tehran, prices would not have risen as much. "If he goes to the end of his logic, he'll see that it's good for the oil price
- News18•7 hours ago
PSU Banks Expects Recovery of Rs 1.80 Lakh Crore Bad Loans in FY'19: Finance Minister
Banks recovered Rs 36,551 crore in the first quarter of 2018-19 and are expected to retrieve Rs 1.8 lakh crore in the whole year through the Insolvency and Bankruptcy Code and other means, a top finance ministry official said.
- Latestly•7 hours ago
Arun Jaitley Hits Out at Raghuram Rajan on 'MSME Banking Crisis' Warning, Says Postmortem Easier Than Action
Jaitley said such analysis is easier for Rajan than taking corrective measures when he was in the Office. 'I think for anyone to do postmortem is easier than action when it was required,' he said.
Reuters•7 hours agoGold climbs as investors await Fed rate view, dollar fades
NEW YORK/LONDON (Reuters) - Gold edged higher on Tuesday as the dollar drifted ahead of a U.S. Federal Reserve monetary policy meeting, but bullion's upside remained capped by strong U.S. economic data that continues to underpin the greenback. The U.S. dollar fell against a basket of currencies,
- IANS•7 hours ago
FDI in telecom sector rose nearly 5% in last 3 years: Minister
New Delhi, Sep 25 (IANS) The Union Communications Minister Manoj Sinha on Tuesday said foreign direct investment in the telecom sector rose nearly five times in the last three years. Speaking at a seminar here on FDI in the telecom sector, he said India is the second largest telecommunications market
- IANS•7 hours ago
e-pharma startups seek more clarity on data privacy
New Delhi, Sep 25 (IANS) e-pharmacy players on Tuesday said they support the government's draft e-Pharmacy policy but look forward to more clarity on the data privacy and data management. Digital health platforms said they are in total support of the draft rules, as it would bring affordability
- Bloomberg Quint•7 hours ago
Alleged Forgery At A Promoter Entity Adds To 8K Miles’ Woes
The auditor resignation saga in India continues to take interesting twists and turns.
- Bloomberg Quint•7 hours ago
Government Expects State-Run Banks to Recover Rs 1.8 Lakh Crore from NPAs
The government expects state-run banks, in the current fiscal, to recover over double the amount from NPAs over previous year.
- Reuters•8 hours ago
Michael Kors makes high-end fashion statement with $2.2 billion Versace buy
Michael Kors agreed to buy luxury designer Versace for 1.83 billion euros ($2.15 billion) including debt on Tuesday, as the U.S. fashion group positions itself to take on larger European rivals. Michael Kors, whose namesake label is best known for its leather handbags, has made no secret of its ambition
