Gold hovers near three-week high as equities slip
Gold held close to its highest level in nearly three weeks on Monday, boosted by safe-haven demand after the Federal Reserve’s move last week to leave US interest rates unchanged weighed on global equities. Spot gold was steady at $1,138.90 an ounce by 0640 GMT, after gaining 3% in the... read more »
Infosys in Focus on Buzz of Winning Contract for GST Network
Infosys shares edged higher by 0.30 per cent on Monday after reports, citing sources, said the IT major has bagged the contract for building the goods and services tax (GST) network across the country for rolling out of the new indirect tax regime. Reports pegged the value of the contract at Rs... read more »
Govt likely to implement Companies Act fully by March 2016
The Companies Act, 2013, is likely to be implemented fully by March 2016, says president of the Institute of Company Secretaries of India (ICSI), Atul H Mehta. Addressing a press meet here, Mehta on Sunday said the Act is being implemented partially and the un-implemented sections of the National... read more »
Government Mulls Raising FDI Cap to 100 Percent for DTH, Cable Networks
Government is considering a proposal to raise FDI limits to 100 percent in broadcasting carriage and content services, including DTH and cable networks, aimed at attracting overseas investment and improve infrastructure. An inter-ministerial committee is considering FDI proposals, including hiking... read more »
Sensex trades firm amid global rally, Nifty above 7,850; Banking stocks gain
2.22 pm: GAIL (India) shares advanced over 1 per cent on BSE after the company announced during market hours on Wednesday, that pipeline welding of 12 inch pipeline connecting HFCL Barauni... read more »
Exports declined by 20.7 percent in August, says Commerce Ministry
The Ministry of Commerce and Industry has said that India’s exports plunged 20.7 per cent in August this year, to 21.3 billion dollars. In data appearing in the public domain, the... read more »
L&T gets Rs 1,700-cr job order to build Bangladesh power plant
Engineering and construction major Larsen & Toubro (L&T) on Wednesday said it has bagged a Rs 1,700 crore order from Japan’s Marubeni Corporation to set up a 400-MW gas-based... read more »
Sun Pharma enters into agreement to acquire InSite Vision
Drug major Sun Pharmaceutical Industries has entered into an agreement with InSite Vision to acquire the US-based eyecare firm for around $48 million plus related debt and other transaction... read more »
Hewlett-Packard To Cut Up To 30,000 Jobs
Hewlett-Packard (HP) has embarked on a new round of job cuts as it prepares to be split in to two units. The technology firm said between 25,000-30,000 roles would go at HP Enterprise, a business it... read more »
