Wall Street marks best month in a year in July
US stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.
Categories: Finance Tags: Earnings Season, Poor Economic Data, Stocks, Wall Street
Indian ADRs: MTNL up 5%, HDFC Bank, Tata Comm up
Indian ADRs ended mixed yesterday. In the IT space Infosys was up 0.12% at $60.48, Wipro was up 1.87% at $13.6, while Patni was down 0.36% at $22.07 and Satyam was down 0.80% at $4.95.
Tata Chem Q1 sales surge, PAT at Rs 151cr
Tata Chemical has announced its first quarter results. The company’s Q1 net sales were up at Rs 1,425 crore versus Rs 1,393.6 crore, yearonyear, YoY.
Categories: Finance Tags: Crore, First Quarter, Net Sales, Q1 Sales, Quarter Results, Rs 1, Tata Chem, Yoy
UIDAI signs MoU with oil cos to curb fuel pilferage
The government on Friday took the first step in linking the public distribution system with the ambitious unique identity project. CNBCTV18\’s Nayantara Rai reports on the oil marketing companies’ tieup with the UIDAI to check leakage and pilferage in subsidised cooking fuels.
Categories: Finance Tags: cooking, Marketing Companies, Nayantara, Oil Companies, Oil Cos, Pilferage, Public Distribution System, Rai, Signs
IRDA adopts noninterference policy in mediclaim dispute
IRDA is adopting a noninterference policy in the dispute between insurance companies and hospitals over cashless facility in mediclaim policies. But even as policyholders are stuck in limbo, IRDA Chairman Hari Narayan defends his stance.
Categories: Finance Tags: hospitals, Insurance, Insurance Companies, Irda, Limbo, Narayan, Policyholders
Invested in nonlinear initiatives during downturn: Premji
Over the last two years, Wipro has weathered a dramatic swing in business demand courtesy the recession in the US and now the uncertainty in Europe. In an exclusive interview to CNBC\’s Christine Tan, Wipro Chairman Azim Premji spoke on how the company has been able to weather the storm.
Categories: Finance Tags: Azim Premji, Business Demand, Cnbc, Downturn, Europe, Initiatives, Recession, Swing, Uncertainty, Wipro
RBI allows currency options trading for residents
In order to increase the menu of hedging tools, the Reserve Bank of India and the Securities and Exchange Board of India have finally come out with the much awaited guidelines on currency options.
Categories: Finance Tags: Bank Of India, Currency Options, currency trading, Exchange Board, Options Trading, Reserve Bank Of India, Securities And Exchange, Securities And Exchange Board Of India
RBI paper may not suggest guidelines on new bank licences
The much awaited RBI discussion paper on new bank licences will be just that…a discussion paper. It won\’t suggest any guidelines on what should be the basis of the new licences, reports CNBCTV18’s Latha Venkatesh.
Categories: Finance Tags: Discussion Paper, Latha, New Bank, Venkatesh
Partners to invest $58m in Qualcomm India JV
Qualcomm said on Friday Global Holding Corp and Tulip Telecomwould each invest USD 28.86 million for the 13% stake that each would take in its India broadband venture.
Can Nifty hold 5350 support next week?
It has been a down day at the markets which couldn\’t hold up in the face of earnings disappointments. Much of the selling pressure was seen in the last one hour of trade.
Categories: Finance Tags: Disappointments, Earnings, Nifty
