Telcos in 2014: Mobile internet saves the day
As it inched closer to the 100-crore subscriber base, telecom industry identified mobile internet data as the next big thing for revenue generation even as consumers were burdened with up to 100% rise in charges for such services in 2014. From a subscriber base of nearly 91.5 crore at the end of... read more »
Bajaj Corp at new high on approval to raise FII limit
Shares of Bajaj Corp touched a record high of Rs 367.20 on Wednesday, up 4.7 percent intraday after shareholders allowed the company to raise FII investment limit. In a extraordinary general meeting on Tuesday, shareholders of the hair care products manufacturer approved the proposal to raise... read more »
Gold futures rise to Rs. 26,812 per 10 gm
Gold prices rose 0.86 per cent to Rs. 26,812 per 10 grams at the futures trade today as speculators created fresh positions, taking positive cues from the global market. At the Multi Commodity Exchange, gold for delivery in February moved up by Rs. 228 or 0.86 per cent to Rs. 26,812 per 10 grams in... read more »
Brent holds above $60, but heads for fifth weekly drop
SINGAPORE – Brent crude futures held above $60 (39 pounds) a barrel on Friday as strong U.S. economic data supported the market, but oil prices were on track for their fifth straight weekly decline with a building supply glut and weak Japanese import data capping gains. On the supply side, data... read more »
