IT/ITes

  • Mumbai, Nov 30 (IANS) Worldwide server revenue declined 5.8 per cent year-over-year and shipments declined 2.6 per cent in the third quarter of 2016 compared to last year, a new report said on Wednesday. ...

  • All-American pick-up trucks aim to lure China's we … Reuters - Wed 30 Nov, 2016 1:40 PM IST

    Automakers Ford and General Motors are aiming the pick-up truck, an iconic staple in the United States, at upmarket buyers in China, where most associate trucks with farmers and construction workers. With those looser restrictions, U.S. pick-up makers aim to distance their trucks from local models made by Great Wall Motor, …

  • Mumbai, Nov 29 (IANS) Value buying, coupled with short covering and a firm rupee, lifted the Indian equities markets on Tuesday. However, profit booking capped gains during the second half of trade. Both ...

  • Anticipating a more protectionist U.S. technology visa programme under a Donald Trump administration, India's $150 billion IT services sector will speed up acquisitions in the United States and recruit more heavily from college campuses there. Indian companies including Tata Consultancy Services (TCS), Infosys and Wipro …

  • Mumbai, Nov 26 (IANS) Value buying, coupled with expectation of a lending rate cut and macro-data showing strong economic recovery in the US, buoyed the Indian equity markets during the just concluded ...

  • Wall St. finishes at record highs consumer staples, … Reuters - Sat 26 Nov, 2016 12:07 AM IST
    Traders work on the floor of the NYSE

    Wall Street's three main indexes closed at record highs on Friday, helped by gains in consumer staples and technology stocks as investors hunted for bargains in a post-election rally. The stock markets ...

  • Mumbai, Nov 25 (IANS) Short covering, along with value buying and rupee appreciation, lifted the Indian equities markets on Friday. The key domestic indices gained more than 1.5 per cent each, with Nifty ...

  • Nifty rises nearly 2 pct; posts first weekly gain in … Reuters - Fri 25 Nov, 2016 4:21 PM IST
    A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai

    The NSE Nifty rose about 2 percent on Friday as software services exporters such as Infosys Ltd and drug makers including Sun Pharma Ltd surged due to a weaker rupee. The index rose 1.87 percent to 8,114.30, ...

  • Mumbai, Nov 24 (IANS) Heightened chances of a US rate hike, continued outflow of foreign funds and subdued derivatives expiry roll-overs suppressed the Indian equity markets on Thursday. Besides, massive ...

  • Noida, Nov 24 (IANS) IT services company HCL Technology has been named a worldwide leader for its Internet of Things (IoT) services, a report said on Thursday. The buyers rated HCL's 'IoT WoRKS' services ...

  • Hyderabad, Nov 23 (IANS) Salesforce, a global leader in cloud computing, will be driving nearly 500,000 jobs and $4.2 billion in GDP impact to the Indian economy by 2020, says a report on Wednesday. In conjunction with global data leaders International Data Corp (IDC), Salesforce have come out with an independent India-specific …

  • Tech worker visas face uncertain future under Trump, … Reuters - Mon 21 Nov, 2016 11:00 PM IST
    Donald Trump sits with U.S. Senator Jeff Sessions (R-AL) at Trump Tower in Manhattan

    The main U.S. visa program for technology workers could face renewed scrutiny under President-elect Donald Trump and his proposed Attorney General, Senator Jeff Sessions, a long-time critic of the skilled-worker program. H-1B visas admit 65,000 workers and another 20,000 graduate student workers each year. Sessions, however, …

  • Mumbai, Nov 21 (IANS) The Indian equity markets plunged to their lowest levels in the last six months on Monday with the benchmark Sensex receding below the 26,000-point mark and the NSE Nifty crashing ...

  • Infosys CEO says Trump election may weigh on margi … Reuters - Fri 18 Nov, 2016 1:02 AM IST

    Indian software service group Infosys (INFY.NS) is bracing for pressure on its U.S. business from anti-immigrant policies by U.S. President-elect Donald Trump, who has identified clamping down on immigration as one of his three top priorities. "Margins might be impacted in the near-term," Chief Executive Vishal Sikka said, …

  • Factbox - Trump to meet with Oracle and FedEx CEOs, … Reuters - Thu 17 Nov, 2016 11:11 PM IST

    Kissinger, 93, was secretary of state under Republican presidents Richard Nixon and Gerald Ford and shared a controversial Nobel Peace Prize with North Vietnam's Le Duc Tho after the Paris Peace Accords of January 1973 to end the Vietnam War.

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Oil & Gas

  • Consumers, exports give U.S. economy muscle in the … Reuters - Wed 30 Nov, 2016 4:14 AM IST
    Shoppers stand in a checkout line during Black Friday sales at a Target store in Culver City

    The U.S. economy grew faster than initially estimated in the third quarter, notching its best performance in two years, buoyed by strong consumer spending and a surge in soybean exports. In a separate report, U.S. home prices rose 5.5 percent in the year to September, meaning house prices overall have now fully recovered …

  • Global equity markets are poised for better returns in 2017, as a mix of inflation, stronger economic growth and shareholder-friendly policy increases demand for stocks, Societe Generale said on Thursday. The French investment bank holds a cautious view on British mid-caps, however, warning that the effects of Britain's …

  • Russia, Iran agree to coordinate on oil and gas markets … Reuters - Mon 28 Nov, 2016 11:50 PM IST

    Russian President Vladimir Putin and his Iranian counterpart Hassan Rouhani agreed in a telephone call on Monday to coordinate steps on global oil and gas markets, the Kremlin said. The coordination also ...

  • New Delhi, Nov 24 (IANS) With India becoming the world's third largest oil consumer and its energy consumption projected to grow 128 per cent by 2035, the annual Petrotech international conference in December will play a key role in preparing a roadmap to satisfying the country's future energy needs, the government said …

  • Oil companies shoulder pain of downturn with lower … Reuters - Thu 24 Nov, 2016 2:17 PM IST

    The world's listed oil companies have slashed oil output by 2.4 percent so far this year during one of the industry's worst downturns as OPEC battles to agree on its first production cut since 2008. The aggregated production of 109 listed companies that produce more than a third of the world's oil fell in the third quarter …

  • Five years after the boom, battle rages over mining … Reuters - Wed 23 Nov, 2016 4:32 AM IST

    SYDNEY/PERTH (Reuters) - Coal prices may be recovering, but there are no celebrations in the mining town of Collie, Western Australia, where workers are fighting Indian conglomerate Lanco Infratech (LAIN.NS) over plans to slash their wages almost in half. The move to cut pay at Lanco's Griffin Coal mine comes five years …

  • Nigeria's lawmakers summon oil minister over deals … Reuters - Wed 23 Nov, 2016 1:34 AM IST

    Nigeria's parliament summoned the country's oil minister on Tuesday to clarify details of oil and gas infrastructure agreements worth $80 billion with Chinese companies and a $15 billion deal with India. ...

  • 134 bids received for 34 small oil, gas fields IANS - Mon 21 Nov, 2016 8:38 PM IST

    New Delhi, Nov 21 (IANS) At least 134 e-bids were received from 42 companies for 34 small oil and gas contract areas under the Discovered Small Fields (DSF) Bid Round 2016, an official statement said on Monday, which was the deadline for submissions. As many as 46 contract areas designated for 67 discovered small fields …

  • India gets muted response to small discovered field … Reuters - Mon 21 Nov, 2016 7:46 PM IST

    India's first auction of small discovered fields drew a tepid response with local firms dominating the auction for operating assets estimated to hold 625 million barrels of oil and oil equivalent gas. India has received 134 bids from 42 companies, including five foreign bidders, for 34 contract areas, according to a government …

  • China's Sinochem boss dismisses 'crazy' Trump poli … Reuters - Sat 19 Nov, 2016 6:57 AM IST
    Republican presidential nominee Donald Trump attends a campaign event in Wilmington

    Global business leaders meeting in Lima think proposals by U.S. President-elect Donald Trump to build a wall along the Mexican border and hike tariffs on Chinese imports are unlikely to happen, said the head of China's state-run Sinochem on Friday. "We worried a bit on the incoming U.S. President Donald Trump, and his …

  • The Obama administration on Friday blocked new exploration for oil and gas in Arctic waters, in a win for environmental groups that had fought development of the ecologically fragile region. The Department of the Interior released a 2017 to 2022 leasing plan that blocked drilling in the Chukchi and Beaufort Seas off northern …

  • Factbox - Obama business rules that may not last Reuters - Fri 18 Nov, 2016 11:36 PM IST

    REUTERS - U.S. Republican congressional leaders have taken several opportunities in recent days to warn Obama administration regulators not to finish any more rulemaking, but some agency heads, such as ...

  • A general view shows the headquarters of Gazprom in Moscow

    The London-based trading unit of Russia's Gazprom Pao has laid off about 20 percent of its workforce, including at least six directors, the Wall Street Journal reported on Friday. The job cuts by Gazprom Marketing & Trading include 170 people in London and followed a cost savings review by consultancy Oliver Wyman, the …

  • JPMorgan Chase & Co is once again facing questions about who will succeed its larger-than-life chief executive after Jamie Dimon was courted by the incoming U.S. president for the role of Treasury secretary. Although associates have said Dimon is not interested in the Treasury job, the recent invitation from a member of …

  • Big chill: early winter stokes North Asian appetite … Reuters - Thu 17 Nov, 2016 3:21 PM IST

    Power plants across North Asia are running at full tilt as the region braces for the early onset of winter, underpinning prices for the coal, gas and oil they need to churn out electricity. Commodity market analysts blame the La Nina weather pattern for the chill, with temperatures in Seoul and Beijing forecast to drop …

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Banking & Finance

  • Indian Banks to Modify Interest Rates for Savings  … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian banks may revise the interest rates on saving deposit account balance exceeding Rs 100,000, reported Business Standard. Private sector lenders such as Kotak Mahindra Bank and IndusInd ...

  • Canara Bank to Set up 47 Micro Enterprises Biz Cen … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian public sector lender Canara Bank has plans to set up 47 Micro Enterprises Business (MEB) centres all over the country. The Bangalore-based PSB explained that the proposed MEB centres ...

  • Indian Banks Achieve Jan Dhan Account Opening Targ … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian banks have achieved the target of opening 75.16 million accounts for the low-income households under the Pradhan Mantri Jan-Dhan Yojana (Prime Minister's People Funding Scheme), reported ...

  • Axis Bank Garners $500 Mln via Bonds Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian private sector lender Axis Bank has garnered capital worth $500 million in a 5.5-year dollar-money at 3.25% fixed rate coupon. The Mumbai-based lender has raised the capital through its ...

  • Essar Steel Algoma Garners $1.2 Bln for Debt Refin … Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Essar Steel’s Canadian subsidiary, Essar Steel Algoma, has garnered around $1.2 billion to refinance its previous debts, Business Line reported. The refinancing comprises a debt of $750 million, ...

  • DoT to Start 3G Spectrum Auction from Feb 23, 2015 Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- The Department of Telecommunications (DoT) stated that the proposed spectrum auction will start from February 23, 2015 instead of February 3, Business Standard reported. The delay is due to ...

  • SpiceJet Hopes to Make Profit in 12 Months Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian low-cost carrier SpiceJet aims to see profit within a year after receiving fresh amount of capital by sealing a mega deal, Business Standard reported. The company is about to close the ...

  • Citibank India Names Arvind Vashistha as Its Equity … Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Citibank India, a subsidiary of US-based global financial service corporation Citigroup, has named Arvind Vashistha as its equity markets head. Vashistha would be reporting to Citibank India’s ...

  • NSE, BSE Keen to Set up Small Banks Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Indian bourses the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are considering to open small banks across the country once the Reserve Bank of India (RBI) start the application ...

  • Govt Nominates Hasmukh Adhia as RBI Director Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- The Indian government has nominated Hasmukh Adhia as a director on the Central Board of Directors of the Reserve Bank of India (RBI). Adhia has assumed the new role with effect from November ...

  • Central Bank of India Rolls out Two New Schemes for … Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- India’s public sector lender Central Bank of India has unveiled two latest schemes to facilitate its retail customers to avail housing loan by way of overdraft facility and liquidity on their ...

  • Reliance Jio Garners $1.5 Bln to Repay Loans Contify Investment - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Reliance Jio Infocomm (RJIL), the telecom unit of the diversified group Reliance Industries Ltd (RIL), plans to garner around $1.5 billion from a consortium of 26 banks to refinance the loans. ...

  • India's Domestic Air Traffic Increases 18.31% in Oct … Contify Investment - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Domestic air traffic increased by 18.31% in October this year as airlines carried over 59.25 lakh passengers during the month compared to 50.08 lakh passengers in the same month last year, Directorate ...

  • SBI Likely to Offer $1 Bln Loan to Adani for its Australian … Contify Banking - Mon 17 Nov, 2014 8:21 PM IST

    Nov. 17 – India’s largest public sector lender State Bank of India has inked an agreement with Adani Enterprises allowing the conglomerate to avail loan up to $1 billion for the development of its infrastructure ...

  • Govt to Meet PSB chiefs on Nov 20 Contify Banking - Mon 17 Nov, 2014 8:21 PM IST

    Nov. 17 --The finance ministry has scheduled a meeting with the chiefs of government-owned banks on November 20 to review the financial performance of PSBs and progress of Pradhan Mantri Jan Dhan Yojana ...

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