Foreign portfolio investors (FPIs) have turned big sellers in the stock market. FPIs have pulled out Rs 11,392 crore in September amid expectations of a rate hike by the US Federal Reserve and slowdown in India’s economy.
India’s third largest IT firm Wipro today posted a 1.2 per cent rise in its consolidated net profit at Rs 2,076.7 crore for the April-June quarter.
China’s yuan on Monday firmed against the U.S. dollar relative to where the Chinese currency ended Friday night, even though the greenback has strengthened. China June inflation data, had no impact on the thinly traded yuan, traders said.
Tata Communications, which provides telecom and data services infrastructures selling a 74 percent stake in its data centre business to Singapore-based ST Telemedia.
Dearer food items like pulses, potato and sugar pushed up WPI inflation for April into the positive zone for the first time in 18 months to 0.34 per cent.
India will get the latest version of Sinkansen, the Japanese bullet train, to cover the 508 km distance between Mumbai and Ahmedabad in about two hours at more than 300 km per hour speed.
The Taiwan dollar firmed T$0.07 to T$32.211 per US dollar.
Shares of the company plunged 4.73 per cent to Rs 225.40 on BSE.
As a part of the integration process with Ranbaxy, the company expects to incur certain integration charges in order to generate long-term synergies from this merger, Sun Pharma said on Monday.
A top diamond businessman said in the last six months there had been a 50 per cent dip in the production of all major diamond polishing units.
The summit was inaugurated by BVR Mohan Reddy, chairman, NASSCOM and K T Rama Rao, minister for IT & Panchayati Raj, Telangana.
Kher said industry will have to become globally competitive without the support of ‘subsidies and doles.
Americans see everything big, from them I learnt about how important it is to design industrial products for mass scale manufacture.
The combined losses of domestic airlines plying in the domestic sector is expected to reach $1.3 bn…
‘Railway board has moved now to give effect to what the Minister and then PM had concurred.’