Crunch week as Fed meets on rates, Trump team joins G20
LONDON (Reuters) – After a year that tipped conventional wisdom on its head, the coming week might suggest a return to some sort of normality for the global economy — or instead take investors into a whole new round of uncertainty. ... read more »
Some bank bulls grow wary on policy uncertainty
(Reuters) – Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates, lighter regulation, lower taxes and faster economic growth would boost profits for lenders. ... read more »
State-owned carrier Air India understated losses – CAG
NEW DELHI (Reuters) – India’s state-owned airline Air India understated its operating losses by nearly $1 billion over three fiscal years to March 2015, the federal auditor said in a report, highlighting the carrier’s financial distress. ... read more »
India’s Avenue Supermarts IPO oversubscribed 106 times
MUMBAI (Reuters) – The last day of bidding for an initial public offering (IPO) by India’s Avenue Supermarts Ltd saw investors clamouring for the shares, tempted by the company’s strong credentials and with a continued momentum from recent share offerings. ... read more »
More from Economy
One toll tag for Delhi-Mumbai national highway from August
zip across Delhi-Mumbai highway without stopping at any of the toll plazas with a single radio frequency identification (RFID) tag. Electronic toll collection (ETC) at 50 toll plazas on the... read more »
Telecom department defers spectrum auction to Feb 3
New Delhi – The Department of Telecommunications (DoT) has extended the dates of auction of spectrum in 1,800 megahertz (MHz) and 900 MHz bands. The auction will now start on Feb 3,... read more »
China to be world largest economy in 2028
Beijing – China is expected to overtake the US in 2028 to become the world’s largest economy while India is predicted to overtake Japan that year for the third place in the same... read more »
Sensex gains 136 points during pre-noon session
Mumbai – A benchmark index of Indian equities markets gained 136.33 points or 0.65 percent during the pre-noon trade Friday. Good buying was seen in IT, banking index (bankex) and... read more »
Sensex closes flat, bank stocks gain
Mumbai – A benchmark index of Indian equities markets closed Thursday’s trade 42 points or 0.20 percent up amidst derivatives expiry and buying support from foreign institutional... read more »
