IT/ITes

  • Mumbai, March 25 (IANS) After two consecutive weeks of gains, the key Indian equity indices trimmed some gains following global cues and closed the week's trade on a lower note. Yet, continuous inflows ...

  • Equities trim gains on global cues, profit booking IANS India Private Limited - 20 hours ago

    Mumbai, March 25 (IANS) After two consecutive weeks of gains, the key Indian equity indices trimmed some gains following global cues and closed the week's trade on a lower note.

  • Indian equities close with gains, banks stocks sur … IANS India Private Limited - Fri 24 Mar, 2017 6:08 PM IST

    Mumbai, March 24 (IANS) Healthy buying in banking stocks and a strong rupee pushed the Indian equity markets higher on Friday, leading the key indices to close with gains for the second consecutive trade session.

  • Mumbai, March 24 (IANS) Healthy buying in banking stocks and a strong rupee pushed the Indian equity markets higher on Friday, leading the key indices to close with gains for the second consecutive trade ...

  • New Delhi, March 24 (IANS) In what promises to be an event aimed at lending a platform to women, the focus of an upcoming summit here is on women at work, achievers, women in public life, parliamentarians, CEOs, entrepreneurs, artists and culturists. "She Leads India," brought together by SheThePeople.TV and UN Women India …

  • Upcoming summit aimed at lending Women a powerful  … IANS India Private Limited - Fri 24 Mar, 2017 2:16 PM IST

    New Delhi, March 24 (IANS) In what promises to be an event aimed at lending a platform to women, the focus of an upcoming summit here is on women at work, achievers, women in public life, parliamentarians, CEOs, entrepreneurs, artists and culturists. "She Leads India," brought together by SheThePeople.TV and UN Women India …

  • Tata Consultancy says plans to step up local hiring … Reuters - Thu 23 Mar, 2017 8:43 PM IST
    Logos of TCS are displayed at the venue of the annual general meeting of the software services provider in Mumbai

    India's top software services exporter Tata Consultancy Services will step up local hiring in the United States and has no plans to cut investments there as it continues to expect robust growth from its biggest overseas market. "In the last four or five years, we have been recruiting heavily in the U.S.," Girish Ramachandran, …

  • Foreign funds' inflows, short covering lift Indian … IANS India Private Limited - Thu 23 Mar, 2017 6:12 PM IST

    Mumbai, March 23 (IANS) Huge inflows of foreign funds, coupled with positive global cues, and healthy buying witnessed in automobile, capital goods and oil and gas stocks lifted the Indian equity markets on Thursday.

  • Mumbai, March 23 (IANS) Huge inflows of foreign funds, coupled with positive global cues, and healthy buying witnessed in automobile, capital goods and oil and gas stocks lifted the Indian equity markets ...

  • Google, MeitY launch initiatives to proliferate digital … IANS India Private Limited - Thu 23 Mar, 2017 5:38 PM IST

    New Delhi, March 23 (IANS) In line with the government's vision to proliferate the digital growth and empower citizens digitally, Google and MeitY on Thursday announced 'Digital Payment Security alliance' initiative that aims to create community awareness on safe and secure digital practices. Under this initiative, banks, …

  • New Delhi, March 23 (IANS) In line with the government's vision to proliferate the digital growth and empower citizens digitally, Google and MeitY on Thursday announced 'Digital Payment Security alliance' initiative that aims to create community awareness on safe and secure digital practices. Under this initiative, banks, …

  • Indian equities slide on negative global cues IANS India Private Limited - Wed 22 Mar, 2017 6:04 PM IST

    Mumbai, March 22 (IANS) Indian equity markets on Wednesday slipped for the third consecutive trade session, as investors' sentiments were dented on the back of negative global cues, coupled with a weak rupee and heavy selling pressure in automobile, consumer durables and banking stocks.

  • Indian equities slide on negative global cues IANS - Wed 22 Mar, 2017 6:04 PM IST

    Mumbai, March 22 (IANS) Indian equity markets on Wednesday slipped for the third consecutive trade session, as investors' sentiments were dented on the back of negative global cues, coupled with a weak ...

  • Indian equities pare losses, close flat IANS - Tue 21 Mar, 2017 6:28 PM IST

    Mumbai, March 21 (IANS) Indian equity markets closed flat with marginal losses on Tuesday, with heavy selling pressure witnessed in healthcare, banking and automobile stocks. Substantial inflows of foreign ...

  • Indian equities pare losses, close flat IANS India Private Limited - Tue 21 Mar, 2017 6:28 PM IST

    Mumbai, March 21 (IANS) Indian equity markets closed flat with marginal losses on Tuesday, with heavy selling pressure witnessed in healthcare, banking and automobile stocks.

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Oil & Gas

  • Market slowly climbing back India Today - Fri 24 Mar, 2017 8:37 PM IST
    Market slowly climbing back

    The stock market opened this week on Wall Street worries, but climbed back slowly on positive sentiments reflected through the blockbuster listing of D-Mart.

  • All drill, no frack: U.S. shale leaves thousands of … Reuters - Fri 24 Mar, 2017 10:33 AM IST

    U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country – a sign that output may not rise as swiftly as drilling activity would indicate. Rising U.S. shale output has rattled OPEC's most influential exporter Saudi Arabia …

  • Insight: As Trump targets energy rules, oil companies … Reuters - Thu 23 Mar, 2017 5:08 PM IST
    Trump attends a meeting with the Congressional Black Caucus Executive Committee at the White House in Washington

    President Donald Trump’s White House has said his plans to slash environmental regulations will trigger a new energy boom and help the United States drill its way to independence from foreign oil. In annual reports to the U.S. Securities and Exchange Commission, 13 of the 15 biggest U.S. oil and gas producers said that …

  • A Shell logo is seen reflected in a car side mirror at a petrol station in west London

    Royal Dutch Shell plc, Chevron Corp and Exxon Mobil Corp signaled the oil industry's return to the Gulf of Mexico's deep waters with high bids in a government auction up 76 percent over a year ago. The auction of offshore oil and gas parcels received nearly $275 million in high bids, compared with $156.4 million a year …

  • Canada's Enbridge to cut 1,000 jobs after buying S … Reuters - Wed 22 Mar, 2017 11:58 PM IST
    File photo of a storage tank looming over a freeway at the Enbridge Edmonton terminal in Edmonton

    Canada's Enbridge Inc (ENB.TO) said on Wednesday it would cut about 1,000 positions, or 6 percent of its work force, after buying Spectra Energy Corp (SE.N) of Houston, the first layoffs for the combined energy infrastructure company, the biggest in North America. The takeover announced last year, the most significant …

  • India eases rules for old oil, gas blocks; to unlock … Reuters - Wed 22 Mar, 2017 11:31 PM IST
    Oil tankers are seen parked at a yard outside a fuel depot on the outskirts of Kolkata

    India approved a policy on Wednesday allowing extra time to contractors of old blocks to unlock oil and gas reserves of more than 426 million barrels, worth over $21 billion, as it seeks to cut its dependence on imports. The policy approved by the Cabinet will help companies including Cairn India and Oil and Natural Gas …

  • Norway's $915-billion sovereign wealth fund, the world's largest, has earned less money because of divestments it has made over the past decade due to ethical and environmental considerations, it said on Tuesday. The fund funnels the proceeds of Norway's oil and gas production. It invests in close to 9,000 companies worldwide, …

  • European shares slip from 15-month highs as oils, banks … Reuters - Mon 20 Mar, 2017 11:04 PM IST

    LONDON/MILAN (Reuters) - European shares retreated slightly from 15-month highs on Monday with lower crude prices weighing on oil stocks and Deutsche Bank dragging banks lower one day before the start of its 8 billion-euro cash call. The oil and gas index was the biggest sectoral loser, down 1.1 percent, as crude prices …

  • U.S. manufacturing output increases solidly in Feb … Reuters - Fri 17 Mar, 2017 6:50 PM IST

    U.S. factory output increased for a sixth straight month in February, suggesting the manufacturing recovery was gathering speed as rising commodity prices boost demand for machinery and other equipment. The Federal Reserve said on Friday manufacturing production rose 0.5 percent last month. Despite the increase in manufacturing …

  • Norway's $900-billion wealth fund says real estate … Reuters - Tue 14 Mar, 2017 6:04 PM IST

    Management at Norway's $900-billion sovereign wealth fund, the world's largest, said on Tuesday returns on unlisted property investments may not remain as competitive in the future as they have been recently if interest rates start to rise. In 2016, the fund invested 19.1 billion crowns ($2.22 billion) in unlisted real …

  • A pump attendant works at a Petronas petrol station outside Kuala Lumpur, Malaysia

    Malaysia's Petroliam Nasional Bhd warned on Tuesday of a cautious outlook for 2017, although sharp cutbacks in expenses by the state-run oil major allowed it to swing to a fourth-quarter profit from a loss in the year-ago period. Petronas maintained what it called a "conservative" outlook for this year - despite also posting …

  • European shares inch up as miners, M&A offset weak … Reuters - Mon 13 Mar, 2017 5:22 PM IST

    European shares inched higher on Monday as gains among miners more than offset weaker oil stocks, while fresh dealmaking activity lifted mid-caps. Investors remained cautious ahead of Wednesday's general ...

  • Oil slumps to close out biggest three-day loss in a … Reuters - Sat 11 Mar, 2017 2:36 AM IST
    A general view of a crude oil importing port in Qingdao

    Oil skidded again on Friday, pushing prices to three-month lows as investors continued to flee bullish positions on worries that OPEC-led production cuts have not yet reduced a global glut of crude. U.S. crude (CLc1) settled down 79 cents, or 1.6 percent, to $48.49 a barrel, while Brent crude (LCOc1) ended down 82 cents, …

  • Despite sanctions relief, Shell still cool on Iranian … Reuters - Fri 10 Mar, 2017 8:24 PM IST

    Royal Dutch Shell has bought only three cargoes of Iranian oil since sanctions were eased a year ago, a small fraction of what it used to buy and an indication of the legal difficulties and high prices that still hamper the trade. As an example of sanctions-related difficulties, Shell's filings showed it had to disclose …

  • Analysis - Trillion-dollar question looms as Aramco … Reuters - Fri 10 Mar, 2017 4:18 PM IST

    KHOBAR, Saudi Arabia/DUBAI (Reuters) - When Saudi Aramco reveals a Western audit of its oil reserves, investors will be looking for two answers: How much oil and how much detail? Saudi Energy Minister Khalid al-Falih has hinted at a surprise on the upside on reserve volumes ahead of Aramco's 2018 share listing, but industry …

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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 ...

  • 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 ...

  • 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 ...

  • 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 ...

  • 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. ...

  • 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 ...

  • 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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