Markets
The world’s biggest watchmaker saw sales of its watches and jewellery grow 2.9 per cent over the latest half year, with income for the Swiss group up 6.8 per cent to £227m.
The German discounter has incurred the wrath of France’s champagne region for taking the name of champagne in vain. It landed the group in a legal dispute that looks to be coming to a head.
Thirty customers – nearly half of all those affected by the scandal – have either received a compensation offer or are in the ‘detailed stages’ of assessment and will receive an offer shortly, the l
In an internal memo dated July 16, the drug giant’s chief executive Pascal Soriot did not confirm or deny reports he had accepted a job with Israel’s Teva Pharmaceutical Industries.
Shares in the online auctioneer fell by as much as 7 per cent after markets closed, with the firm revealing that income fell to $493m in the second quarter of the year from $496m a year ago.
London Southend Airport in Essex is using mobile phone technology to monitor where locals are flying as it embarks on an ambitious strategy to reach 2.5m customers by 2018.
The telecoms giant said demand for data had grown 63 per cent in the quarter to June 30 as customers used their phones to browse the web and stream videos.
As a result of Tanzania’s ban on exporting gold concentrate, Acacia said it is now targeting the lower end of gold production for the year in its half year results.
Anyone who’s been through the admissions process knows that getting into college can be extremely competitive and often agonizing, with the most elite colleges accepting less than one in 10 applicant
Like IBM, Qualcomm got too complacent with its core business. That’s why it has failed to come up with the “next big thing,” with which to leave the competition in the dust, and set up new tollbooths
With sowing of many kharif crops completed in almost 70 per cent of the normal area, farmers would appear to be increasingly responding to price signals.Sowing will continue for some more weeks and sh
The rupee on Friday bounced back after a brief overnight deviation and ended with a good 11 paise gain at 64.32 due to a fresh wave of dollar selling by exporters. Upbeat equities and robust capital
The India International Exchange (India INX) will soon be introducing gold kilogram contracts, V Balasubramaniam, MD & CEO of the exchange said.Currently, gold contracts on the exchange are deno.
‘Ambani hedge’ is the new strategy for traders on Dalal Street. Incumbent telecom operators Bharti Airtel and Idea Cellular on Friday lost around ?6,000 crore in market capitalisation as their rival.
The mood was jubilant at Reliance Industries’ annual general meeting here on Friday. For one, it was the fortieth meeting since the company went public in 1977 which saw the company’s market capitali
Shares of broadcasting and cable TV companies today slumped up to 6 per cent after Mukesh Ambani announced the launch of a 4G-enabled feature phone which would also have a cable to connect with TV as
Storage and warehousing of agricultural produce has been exempted from GST, clearly with the intent to reduce the tax burden on the farming sector. This is a continuation of the earlier exemption of
Contrary to expectations, acreage under pulses has gone up this kharif season.Data from the Ministry of Agriculture on Friday showed an increase in area under pulses by 25.8 lakh hectare or 38 per ce
---Ask the reporter to reconfirm the highlit portion in the pernultimate para; one of thew two figures seems odd)---Shopclues, an e-commerce marketplace that is focused on winning markets in tier-II a
Several top fund managers have exited the counter of InterGlobe Aviation, which operates the country's largest airline by market share, IndiGo. Put together, fund mangers sold shares worth Rs 120 cror
The Fed and China are leaning against market speculation and any major short-term asset appreciation, so investors should be careful to stick to fundamental value.
Satisfactory progress of rain in main oilseeds producing states and weak overseas futures kept edible oils under pressure on Friday. On BCE barring soya oil which declined by Rs2, all other edible o.
Mix trend was witnessed at Vashi sugar market on Friday. S-grade increased by Rs10 higher side and M-grade declined by Rs10 lower side. Naka and mill tender prices rule steady on normal activities...
The price of the spot turmeric was decreased again on Friday. “At the week end market on Friday the buyers quoting decreased price purchased the turmeric. In the morning the price in the Turmeric F..
Arihant CapitalUltraTech Cement (Hold)CMP: ?4,178Target: ?4,453For the quarter Q1 FY18 UltraTech Cement’s realisations witnessed a steady growth of 7.28 per cent on a y-o-y basis. Domestic sales volu
Coffee Day Enterprises has informed the exchanges that its step-down subsidiary Way2wealth Securities Pvt Ltd has divested 95 per cent stake or 47,499 shares in its subsidiary Way2wealth Reality Advi
The offer-for-sale by b4S Solutions Pvt Ltd, promoter of Swaraj Automotives, will open on Monday (for non-retail investors) and Tuesday (retail investors). They plan to sell 1,60,087 shares to reduce
The government's proposal to regulate Bitcoin crypto currency has sparked a regulatory turf war between Securities and Exchange Board of India (Sebi) and Reserve Bank of India (RBI). According to sour
Porinju Veliyath, through his portfolio management company Equity Intelligence India Pvt Ltd, on Friday bought 1.88 crore shares of GVK Power & Infrastructure in a bulk deal at an average price o
Focus will be on JustDial’s board meet on Monday, which will consider a buyback proposal and Q1 results. Among the other prominent companies that will announce results are Avenue Supermarts and Divi’
President Trump has reportedly asked his advisers about the scope of his pardon powers. Here's why he could pardon his son, son-in-law and associates implicated in the expanding Special Counsel invest
The rupee was trading strong at 64.33 against the dollar on increased dollar selling by exporters and banks and a strong domestic equity market. The domestic unit opened strong by 5 paise at 64.38...
In a stock market announcement Paysafe said it had received a ‘preliminary, conditional proposal’ following on from an initial informal approach in May.
Telecom as well as cable operators fell sharply after Jio offers. Bharti Airtel, Idea Cellular (though recovery sharply towards the close), Dish TV, Hathway Cable and GTPL Hathway were down 2-6 perc
European shares were flat on Friday, with corporate earnings not doing enough to lift the sombre mood of the previous session when a stronger euro weighed heavily on exporters. The hangover from T...
About 140 fresh foreign portfolio investors (FPIs) registered with SEBI in April, indicating that India remains an attractive destination, according to latest data with the markets regulator. This ..
In the tea consumption market, which is valued to be more than $30 billion, startups and established companies are competing to get a foothold in retail and home consumption segments of this beverage.
Shares of Balaji Telefilms soared nearly 9 per cent today after Reliance Industries Ltd (RIL) board has approved a plan to acquire nearly 25 per cent stake in the company for about Rs 413 crore. Th..
Nifty 50 July Futures (9,887) Following a positive open at 9,900, the Nifty July futures contract started declining and marked an intra-day low of 9,878.9. But, the contract subsequently rallied and
Reliance Industries shares hit 9-1/2-year high as the company has reported a net profit of ?9,108 crore for the June 2017 quarter, up 28 per cent from the corresponding period last year. The stock...
Oil prices were little changed on Friday ahead of a key meeting of major oil producing nations next week, with Brent sitting below the $50 per barrel level that was briefly breached for the first tim
Gold futures were up by 0.09 per cent at Rs 28,305 per 10 grams as traders raised bets amid positive cues from the global markets. At the Multi Commodity Exchange, gold for delivery in August rose ..
Gold held steady on Friday near a three-week high and was on track for a second consecutive weekly gain, underpinned by a weaker dollar and US political uncertainty. Heightened political concerns ...
The dollar headed for weekly losses on Friday, wallowing at its lowest levels against the euro in nearly two years after what markets perceived as hawkish talk from European Central Bank chief Mario
Gold held steady on Friday near a three-week high and was on track for a second consecutive weekly gain, underpinned by a weaker dollar and U.S. political uncertainty. Heightened political concerns s
Reliance Industries shares hit 9-1/2-year high as the company has reported a net profit of ?9,108 crore for the June 2017 quarter, up 28 per cent from the corresponding period last year. At 9.40 a...
The benchmark Sensex was trading higher by nearly 130 points on RIL earnings and better-than-estimated results from Wipro. According to traders, ample liquidity from foreign funds and increased bu...
The rupee strengthened 8 paise to 64.35 against the dollar on increased dollar selling by exporters and banks and a strong domestic equity market. The dollar hit a nearly two-year low against the e..
The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn, while a solid global economi
Stocks had ended little changed on Wall Street on Thursday as a deal between Sears and Amazon weighed on home improvement retailers, while gains in Microsoft helped buoy the Nasdaq. Retailers and ...
Reliance Industries shares jumped nearly 3 per cent in the morning trade as the company has reported a net profit of ?9,108 crore for the June 2017 quarter, up 28 per cent from the corresponding peri
Wipro shares were trading higher by nearly 8 per cent as the country’s third-largest IT outsourcer has announced a second buyback in two years, of 343.75 million shares, which is about 7 per cent of
Customers will be able to turn on their Kenmore brand appliances using the Amazon gadget – a speaker which can carry out instructions when someone talks to it.
In its results for the first half of the year, Nichols saw year-on-year revenues increase by 12.4 per cent to £63.5m while profits jumped 7.1 per cent to £12.7m.
The consumer goods giant – whose brands also include Marmite, Dove soap, Domestos and Hellmann’s – reported a 5.5 per cent rise in revenues to £24.6bn in the first half of the year.
The aggressive hedge fund claimed the company’s interest in the fertiliser business could be a major error akin to its costly £15bn investment in US shale.
EasyJet dropped 5.9 per cent, BA's owner IAG plunged 3.9 per cent and Lufthansa 8.6 per cent after EasyJet said it expects revenue per seat to fall by 2 per cent in the six months to September.
Analysts were relieved as owner Mike Ashley made Jon Kempster finance director, a post vacant for four years. Profits fell to £113.7m for the year to April 30. But the shares surged 11 per cent.
The company produced 8.7m carats over the latest quarter, 36 per cent more than the same period last year. But sales prices have dropped by 12 per cent to around £120 per carat.
Oil traders are wrong. The clash between Qatar and the Saudis is bullish, not bearish, for oil prices. At least in the long run, as it changes the geopolitics of the oil market.
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