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Weak Asian cues couldn’t withold equities

Asian

An unforeseen positive note on Monday,despite weak global cues, notably in the Asian bourses, key Indian equity indices opened gradually expecting some good corporate results for the second quarter of this financial year. The sensitive index (Sensex) of the Bombay Stock Exchange, which had closed at 27,214.60 points on Friday, opened at 27,305.62 points. Some 20 minutes into trading it ...

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Insurance Index in India to raise

Insurance

As per the evaluation, a joint research report by ASSOCHAM and credit rating agency CRSIL states that beside including insurance penetration as a prime means of premium income, it is even important to quantify it as a measure of financial and social progress. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) specifically asserted the extensive requirement of establishing up an insurance ...

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India Travel Mart unfolds in UP

India Travel Mart

With the arrival of festive season heralding vacations in many parts of the state, Uttar Pradesh’s biggest international travel and tourism exhibition — India Travel Mart (ITM), began here on Friday. A means of entertainment, travel, exploration and chiefly capital has knocked once again with its stunning approach. The mart superscribes with incredible deals and packages for Christmas, New Year, ...

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US stocks upbeats earning, leads

US

Wall Street assessed mixed economic data and positive earnings reports from big banks gradually resulting in solid gains for US stocks. The Dow Jones Industrial Average gained 217.00 points, or 1.28 percent, to 17,141.75. The S&P 500 jumped 29.62 points, or 1.49 percent, to 2,023.86. The Nasdaq Composite Index spiked 87.25 points, or 1.82 percent, to 4,870.10, reported Xinhua. The ...

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Chinese yuan, revaluated

Yuan

According to the China Foreign Exchange Trading System, the central parity rate of the Chinese currency renminbi, or the yuan, gained 6 basis points to 6.3402 against the US dollar on Thursday. Authorities in China fixed trading of the Chinese yuan more strongly against the U.S. dollar, the dollar hit as low as 6.3196 yuan, according to FactSet data.Meanwhile, stocks in ...

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Coffee Day allots Rs.334 crore equity share to Anchor investors

Cafe Coffee Day

On Wednesday, Coffee Day Enterprise said it has allotted 1.03 crore equity shares worth Rs.334.27 crore to 17 anchor investors. The company, which operates food and beverages outlets Cafe Coffee Day, said it has allotted 1.038 crore equity shares at Rs.322 per share aggregating to Rs.334.27 crore to 17 anchor investors. The company made the disclosure under the regulatory norms after ...

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40,000 Volkswagen cars to revamp

Volkswagen

London, Oct 13  Paul Willis,Volkswagen’s British managing director revealed that about 400,000 Volkswagen cars in Britain requires to change their fuel injection system. Over Volkswagen’s diesel emissions scandal on Monday, He apologized before the Commons Transport select committee reported Xinhua news agency. Near 1.2 million British vehicles had been adversely affected but the remaining two thirds would only require some ...

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INDIAN AMERICANS to invest in india

Investment in India

Washington, Oct 12   Frank Islam, an enterpreneur and philanthropist asked some fellow Indian-Americans to make a strategic investment in education in India as its a great platform to create various oportunities and equalizers. “Supporting educational institutions is one of our highest priorities because education is the key to opportunity and the bridge to the future ,” he said during the ...

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INFOSYS announces INTERIM DIVIDEND

Infosys

Software major Infosys Ltd on Monday gave 200 percent interim dividend or Rs.10 for each share of Rs.5 at par for first six months (April-September) of this fiscal (2015-16). The company in a statement while announcing its financial results for second quarter (April-September) of this fiscal revealed that “The board of directors declared an interim dividend of Rs.10 per share. The ...

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