Page 1306 - Business Finance
Clothing retailer Gymboree files for Chapter 11 bankruptcy
(Reuters) - Clothing retailer Gymboree Group Inc said late Wednesday it filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Virginia.
TSMC fourth-quarter profit up 0.7 percent, in line with market forecasts
TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC),, the world's largest contract chipmaker, posted on Thursday a 0.7 percent rise in fourth-quarter net profit amid fears that sluggish demand for smartphones could hurt its bottom line.
US stocks rise for second straight session
Investors cheered mostly positive earnings from financial institutions
Asian markets mixed as Huawei report offsets US earnings
Asian markets were mixed Thursday as renewed concerns about China-US tensions overshadowed a positive lead from Wall Street following a better-than-expected round of corporate earnings. The pound extended gains against the dollar after Prime Minister Theresa May survived a no-confidence vote as she prepares to draw up new proposals to leave the European Union that is palatable to a majority of MPs. After a tumultuous December, global equities have enjoyed a broadly strong start to the year, largely thanks optimism China and the US will resolve their trade row. But confidence took a knock Wednesday from a report that said US officials were carrying out a criminal probe into Chinese tech giant Huawei and could soon indict the firm over allegations of theft of trade secrets from its US business partners. Lawmakers have also introduced a bill to ban the export of American parts and components to Chinese telecom companies that are in violation of US export control or sanctions laws -- with
Global Markets: Stock markets mixed in Asia, pound finds some peace
SYDNEY (Reuters) - Asian stocks nudged higher on Thursday after see-sawing through a subdued session on concerns over China's economic outlook, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment's peace.
Positive market breadth
Key indices hovered in positive zone in morning trade. At 10:25 IST, the barometer index, the S&P BSE Sensex, was up 100.89 points or 0.28% at 36,422.18. The Nifty 50 index was up 31.20 points or 0.29% at 10,921.50.
Exclusive: British Lotus cars to be 'Made in China' at new Geely plant - documents
BEIJING/SHANGHAI (Reuters) - The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan ($1.3 billion) factory in Wuhan city, company job advertisements and government documents showed.
SBI says lenders in talks for Jet Airways' restructuring plan
(Reuters) - State Bank of India (SBI) said on Thursday lenders of Jet Airways Ltd were considering a plan to resolve the debt issues of the Indian carrier, amid increasing prospects of a bailout by major shareholder Etihad Airways.
Insight Venture Partners invests $500 mn in Veeam
Insight Venture Partners has invested $500 million in the IT company Veeam Software to accelerate the next phase of growth as the provider of data management solutions for the Public and Private Cloud.
SBI says lenders discuss Jet Airways' restructuring plan
(Reuters) - State Bank of India said on Thursday lenders of Jet Airways Ltd were considering a restructuring plan for the debt-laden carrier.
Reference Customers are Very Satisfied With Torry Harris, Says Independent Research Firm
/ -- Torry Harris Business Solutions (THBS), a global leader in integration, full life-cycle API management and digital transformation, announced that they have been named a 'Strong Performer' in The Forrester Wave: API Management Solutions, Q4 2018. Forrester says, "Overall, the reference customers provided by Torry Harris Business Solutions are very satisfied with both vendor and product." Forrester, in its Wave report notes that: "Torry Harris Business Solutions is a full-fledged systems integrator that treats its API management solution as a versioned, supported product. This provides a strong combination of broad out-of-the-box product features and innovative API strategy and delivery skills." "Its product strategy is driven by a vision for platform business models and disruptive ecosystems. This, in turn, is exemplified by a corollary product, Digit Market (not part of this evaluation), which wraps the API management core with additional marketplace capabilities." "Torry ...
Palladium scales peak on supply deficit; gold steady on Fed pause
BENGALURU (Reuters) - Palladium rose to a record high on Thursday on lower supply and increasing demand for the metal used in auto catalysts, while a firmer dollar offset expectations of a pause in the U.S. Federal Reserve's rate-hiking cycle, keeping gold steady.
Rupee opens 9 paise higher at 71.15 against US dollar
The rupee appreciated by 9 paise to 71.15 against the US dollar in opening trade Thursday, driven by positive opening in domestic equities and weakening greenback in overseas markets. The rupee gained further ground and touched a high of 71.13 amid easing crude prices, displaying gains of 11 paise over its previous close against the greenback. The rupee Wednesday plunged by 19 paise to close at 71.24 against the US dollar. Forex dealers said, easing crude oil prices and selling of the American currency by exporters supported the rupee. Sustained foreign fund outflows, however, restricted the rupee upmove, they added. Foreign funds pulled out Rs 90.10 crore from the capital markets on a net basis, while domestic institutional investors purchased shares worth Rs 304.27 crore Wednesday, provisional data showed. The benchmark BSE Sensex was trading with gains of 79.29 points, or 0.22 per cent at 36,400.58 while the NSE Nifty was trading at 10,913.95, up 23.65 points, or 0.22 per ...
Mindtree drops after poor Q3 outcome
Mindtree fell 1.53% to Rs 828.95 at 09:35 IST on BSE after consolidated net profit declined 7.3% to Rs 191.2 crore on 1.8% rise in revenue to Rs 1787.2 crore in Q3 December 2018 over Q2 September 2018.
Dwarikesh Sugar Industries Ltd Falls 2.16%
Dwarikesh Sugar Industries Ltd has added 10.42% over last one month compared to 0.79% gain in S&P BSE FMCG Sector index and 0.15% rise in the SENSEX
Goa Carbon Ltd Spurts 1.45%
Goa Carbon Ltd has lost 9.38% over last one month compared to 0.27% fall in S&P BSE Energy index and 0.25% rise in the SENSEX
Market drifts higher in early trade
Local stocks nudged higher in early trade on positive Asian stocks. At 9:28 IST, the barometer index, the S&P BSE Sensex, was up 89.32 points or 0.25% at 36,410.61. The Nifty 50 index was up 23.20 points or 0.21% at 10,913.50.
Sensex rises over 100 pts on sustained DII buying
Extending gains for the third session, the BSE benchmark Sensex Thursday rose over 100 points tracking sustained buying by domestic institutional investors and positive global cues. After rising 147 points, the 30-share index was trading 72.16 points, or 0.20 per cent, higher at 36,393.45 in early trade. Similarly, the NSE Nifty rose 24.50 points, or 0.22 per cent, to 10,914.80. On Wednesday, the Sensex settled 2.96 points, or 0.01 per cent, higher at 36,321.29, and the Nifty inched up 3.50 points, or 0.03 per cent, to 10,890.30. In morning session on Thursday, the biggest gainers in the Sensex pack were M&M, TCS, HDFC, PowerGrid, RIL, Maruti, Tata Motors and NTPC, rising up to 1.65 per cent. While, Yes Bank, IndusInd Bank, ITC, HUL, Bharti Airtel and Infosys were the top losers, shedding up to 1.10 per cent. According to Viral Berawala, CIO, Essel Mutual Fund, there would be stock-specific movement in next few days based on results, as global market participants would wait for ...
HUL, RIL to be watched ahead of Q3 results
Hindustan Unilever (HUL) and Reliance Industries (RIL) will declare their results today, 17 January 2019.
Board of Medico Intercontinental approves diversification into pharma
At meeting held on 16 January 2019