Rupee erases all gains, trades flat at 60.84 per dollar
Mumbai: The Indian rupee erased all its gains and remained barely changed from its previous close, tracking the weakness in other Asian currencies on Friday. At 2.19pm, the home currency was trading at 60.84, up 0.01% from Thursday’s close of 60.85, while India’s equity benchmark Sensex index... read more »
Alibaba’s IPO Priced at $68 a Share
Alibaba Group Holding Ltd. ‘s shares priced Thursday at $68 apiece, putting the Chinese company on track for an initial public offering that will raise at least $21.8 billion. The price was at the top of the company’s expected range of $66 to $68, which was increased from an initial $60... read more »
China hands drugmaker GSK record $489 mln fine, sentences executives
China has fined GlaxoSmithKline Plc a record 3 billion yuan ($488.8 million) for paying bribes to doctors to use its drugs, the British company said on Friday, drawing to a close a corruption probe that rocked the pharmaceutical sector in China. A court in the city of Changsha also sentenced... read more »
Gold tumbles, dips to over 3-month low on global cues
Gold prices tumbled by Rs. 440 to hit over three-month low of Rs. 27,010 per ten gram in the national capital today on heavy selling by stockists, triggered by a weakening global trend. Besides, sluggish demand and subdued global cues also weighed on the precious metal prices. Silver also fell for... read more »
