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  • Infosys CEO Vishal Sikka allays H1B visa fears, says Indian IT not overly dependent on it

    Infosys CEO Vishal Sikka has sought to allay concerns over the ongoing issue of H1B visa curbs, saying that the Indian IT industry is not overly dependent on the US visas to run its business.

  • Indiabulls Real Estate promoter sells 3.3 crore shares for Rs 662 crore

    Indiabulls Real Estate promoter group entity IBREL IBL Scheme Trust today sold 3.3 crore shares of the company for about Rs 662.83 crore through open market transactions. The fund would be utilised by the company for its business and general corporate purpose.

  • Sterling eases off after Bank of England rollercoaster

    Sterling traded slightly below $1.27 on Thursday, investors treading water after a split at the Bank of England over monetary policy added further uncertainty to the outlook for Britain’s economy as it leaves the European Union. Barely a week after three members of the central bank’s eight-strong rate-setting committee voted to hike record low interest rates.

  • Mutual fund exposure to bank stocks at record Rs 1.44 lakh crore

    Mutual fund managers continued to be bullish on bank shares, with their allocation to the sector reaching an all-time high of over Rs 1.44 lakh crore at the end of May, mainly due to cheaper valuations. In comparison, the figure was Rs 90,014 crore at the end of May 2016.

  • Sensex, Nifty will continue to rally on strong domestic buying: That’s the biggest risk, says Kotak Life

    Investors are throwing caution to the wind on expectations Indian stocks will continue to rally on strong domestic buying. To Kotak Mahindra Old Mutual Life Insurance Ltd.’s Hemant Kanawala, that’s the biggest risk.

  • European stock markets stumble as oil languishes near lows

    European stock markets fell for a third straight day on Thursday, as battered oil prices hovered near seven-month lows hit overnight on worries about a supply glut and falling demand. US stock futures were also a touch weaker. Sharp falls in oil prices this week have hurt energy stocks and dampened investors’ expectations.

  • Raymond board to decide on future plan for JK House: CMD

    The board of directors of Raymond will decide on the future course of action after shareholders rejected the proposal to sell JK House to its promoters and the extended family at a big discount, said CMD Gautam Hari Singhania.

  • Venkaiah Naidu wants cities to raise funds from local markets

    Union Urban Development Minister M Venkaiah Naidu today said the municipal bodies should look at avenues to raise funds locally instead of expecting funds from the Central and state governments. Naidu, who was in the city to attend the listing of the Rs 200 crore bond by the Pune Municipal Corporation (PMC) on the Bombay Stock Exchange.

  • Gold futures gain 0.36%; Silver futures rise 0.84% aided by firm global cues

    Tracking a firming trend overseas, gold prices rose by 0.36 per cent to Rs 28,679 per 10 gram in futures trade today as speculators built up fresh positions. Taking positive cues from overseas markets, silver prices moved up 0.84 per cent to Rs 38,295 per kg in futures trading today as participants created fresh positions.

  • Sensex hits record high, Nifty eyes 9,700; banks, auto stocks up

    India’s benchmark BSE index hit a record high on Thursday as steps taken by the capital markets regulator to attract more investments and tackle massive bad loans of banks boosted sentiment. The Securities and Exchange Board of India (SEBI) proposed on Wednesday to ease some rules for foreign portfolio investors to steer more funds.

  • Reliance Communication jumps over 6% on monetisation of realty assets

    Shares of Reliance Communications today surged over 6 per cent after the company said it has started the process to monetise its real estate assets in Delhi and Mumbai as part of efforts to pare debt. The stock, after a positive opening, gained 5.82 per cent to Rs 20.90 on the BSE.

  • Philippine peso nears three-month low, most other Asian currencies tepid

    The Philippine peso fell as much as 0.2 percent on Thursday to its lowest level in nearly three months, ahead of a central bank meeting later in the day at which policy was expected to remain unchanged. Most other emerging Asian currencies traded within a narrow range, as oil prices struggled to claw up from a 10-month low

  • Takata to file for bankruptcy Monday, SMFG to provide bridge loan: sources

    Takata Corp will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history. The firm, whose defective air-bag inflators have been blamed for at least 16 deaths and more than 150 injuries worldwide, will file for protection in Tokyo District Court.

  • Sensex hits new peak on Sebi measures, crosses 31,500

    The flagship Sensex today rallied 211 points to hit an all-time high of 31,494, lapping up a series of market-friendly measures taken by the Securities and Exchange Board of India. Yesterday, the regulator Sebi relaxed entry norms for overseas investors, rationalised ‘fit and proper’ criteria as also simplified other requirements.

  • CDSL IPO: What made it highest ever subscribed IPO in history of India

    CDSL IPO received massive response all types of investors and was subscribed 169.41 times at the close of bidding. Do you know the reasons due to which the 2.48 crore equity shares offer received bids for more than 422 crore equity shares? Read on.

  • China blue-chips rise again on MSCI inclusion, led by banks; Hong Kong up

    Excitement over China’s MSCI’s inclusion continued to spur Chinese equities on Thursday, with banking shares taking the baton from consumer players in driving the blue-chip CSI300 index to the highest level in 1-1/2 years. Investors continued to pile into stocks that will potentially benefit from inclusion in the MSCI Emerging Markets Index (EMI).

  • Australia shares rise on commodity prices; New Zealand up

    Australian shares rose on Thursday as miners gained on rising commodity prices and financial stocks turned positive after two straight sessions of losses. Gains in the financials sector also helped push the index higher after the ‘Big Four” banks rose between 0.6 and 2 percent.

  • South Korea’s won climbs back from two-month low, stocks steady

    Declining global dollar demand and local exporters lent some support to the South Korean won early on Thursday after it was pushed to a two-month low in the previous session. The won was quoted at 1,140.8 per dollar as of 0241 GMT, up 0.3 percent from Wednesday’s onshore close.

  • Gold up as US Treasury yields weaken, dollar eases

    Gold prices rose for a second straight day on Thursday, supported by an easing dollar and weakness in US Treasury yields. The US Treasury yield curve flattened to almost 10-year lows on Wednesday as investors evaluated the impact of hawkish Federal Reserve policy on the economy even as inflation measures are deteriorating.

  • Dollar edges away from three-week high vs yen; kiwi firm after RBNZ hold rates

    The dollar eased versus the yen on Thursday as a recent rally tied to bets on another US interest rate hike this year lost steam, while the New Zealand dollar rose after its central bank stopped short of aggressively trying to talk down the currency.

  • China’s yuan eases on weaker fix, seasonal corporate dollar demand

    China’s yuan weakened against the U.S. dollar on Thursday after the central bank fixed its official midpoint at a fresh three-week low, while corporate demand for the greenback also weighed on the Chinese currency.

  • Oil prices climb off 10-month lows as US stockpiles drop

    Oil prices rose on Thursday after US crude and gasoline stockpiles fell, but worries over whether OPEC-led output cuts would be able to rein in a three-year glut continued to drag. The market largely shrugged off comments overnight from Iran’s oil minister.

  • Asian stocks higher after Wall Street declines

    Asian financial markets were mostly higher Wednesday after a plunge in oil prices dragged down energy stocks on Wall Street. The Nasdaq composite rose 45.92, or 0.7 percent to 6,233.95. Energy stocks in the S&P 500 tumbled 1.6 percent, a day after falling 1.2 percent.

  • Nikkei slips as stronger yen takes a toll, Takata shares plummet

    Japan’s Nikkei share average erased early modest gains on Thursday and edged down, as a stronger yen took its toll on market sentiment. Shares in Takata Corp changed hands for the first time since sources said last week that the struggling airbag maker was preparing to file for bankruptcy, falling 51.6 percent.

  • New Zealand dollar jumps as Reserve Bank of New Zealand protests too little, Australian dollar soggy

    The New Zealand dollar shot up on Thursday after the central bank held official cash rates at record lows but sounded less dovish than bears in the market had wagered on. The Aussie had been on an uptrend since the beginning of June but a drop in commodity prices last week saw it falter after touching a 2-1/2 month high of $0.7636.

  • Sensex, Nifty open higher, banking stocks rise on SEBI’s relaxation

    Indian Benchmark indices opened higher today after MSCI’s China inclusion failed to deter the markets yesterday. Banking stocks gained as SEBI relaxed its strict share pricing rules in order to ease takeover process of stressed assets.

  • Rupee slips 3 paise more as dollars flow out

    The rupee came down by a further 3 paise to 64.55 against the dollar today, hit by a steady stream of capital flight amid growing appeal of the American currency among importers.

Horoscope: By Peter Vidal

Today ( 24 Jun )This Week ( 18 Jun - 01 Jul )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more