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Yahoo Finance - Business finance, stock market, quotes, newshttps://in.finance.yahoo.com/news/citigroup-hosts-investors-first-time-123323092.html -- Citigroup sets new focus on growth at first investor day since crisisTue, 25 Jul 2017 17:06:22 -0500

Citigroup sets new focus on growth at first investor day since crisisCitigroup Inc (C.N) management outlined an ambitious plan on Tuesday to grow profits and return at least $60 billion to shareholders, setting a new tone at the first major conference the bank has held for investors in over nine years. Executives detailed ways they intend to generate more revenue, cut unnecessary costs, use capital more wisely and get back to building businesses after a long period of divestitures. "We haven't yet delivered the level of returns that you, our investors, both expect and deserve," Chief Executive Officer Michael Corbat said at the start of the event.


https://in.finance.yahoo.com/news/uk-ban-sales-petrol-diesel-220431708.html -- UK to ban sales of petrol, diesel-fuelled cars from 2040 - mediaTue, 25 Jul 2017 17:04:31 -0500

UK to ban sales of petrol, diesel-fuelled cars from 2040 - mediaBritain's government will announce on Wednesday that it will ban the sale of all petrol- and diesel-fuelled cars from 2040 as part of a plan to clean up air pollution, newspapers reported on Tuesday. The ...


https://in.finance.yahoo.com/news/cautious-fed-bets-keep-dollar-092630804.html -- Upbeat earnings push S&P 500 to record; oil, copper jumpTue, 25 Jul 2017 16:24:14 -0500

Upbeat earnings push S&P 500 to record; oil, copper jumpA set of strong U.S. earnings reports lifted the S&P 500 stock index to a record closing high on Tuesday, while oil prices rallied on Saudi Arabia's pledge to cut exports in August and copper hit a two-year high. The dollar edged up after hitting its lowest level since June 2016 as the Federal Reserve began a two-day policy meeting. The Fed was expected to discuss its monetary policy stance and the timing of a long-awaited balance sheet reduction, a plan seen as likely to be detailed in September.


https://in.finance.yahoo.com/news/caterpillar-mcdonalds-lift-p-dow-130324205.html -- Earnings, bank shares propel S&P 500 to record highTue, 25 Jul 2017 15:35:42 -0500

Earnings, bank shares propel S&P 500 to record highThe Nasdaq also managed to set a record high despite declines in Google parent Alphabet (GOOGL.O) after its results. Shares of McDonald's (MCD.N) rose 4.8 percent after the fast-food chain reported strong global sales. Caterpillar (CAT.N) shares surged 5.9 percent after the heavy equipment maker raised its full-year outlook for the second time this year.


https://in.finance.yahoo.com/news/arcelormittal-says-french-pollution-allegations-203408661.html -- ArcelorMittal says French pollution allegations are groundlessTue, 25 Jul 2017 15:34:08 -0500

ArcelorMittal says French pollution allegations are groundlessThe allegations were made in a French newspaper, the Republicain Lorrain, by a former temporary worker of a sub-contractor responsible for disposing of toxic waste from the plant at Florange in northeastern France. The company said in a statement that the waste in question was not dangerous and had been disposed of in line with regulations.


https://in.finance.yahoo.com/news/oil-extends-gains-opec-moves-004347343.html -- Oil rallies 3 percent as U.S. shale shows signs of slowdownTue, 25 Jul 2017 14:16:09 -0500

Oil rallies 3 percent as U.S. shale shows signs of slowdownOil rose 3.3 percent on Tuesday, the highest close in more than a month, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply. Brent crude futures (LCOc1) rose $1.60 or 3.3 percent to settle at $50.20 a barrel, the first time the benchmark closed above $50 since June 6. U.S. West Texas Intermediate futures (CLc1) rose $1.55 or 3.3 percent to settle at $47.89 a barrel, the benchmark's highest close since early June.


https://in.finance.yahoo.com/news/general-motors-quarterly-profit-falls-113810934.html -- GM promises to cut high inventory as profit beats expectationsTue, 25 Jul 2017 13:12:38 -0500

GM promises to cut high inventory as profit beats expectationsGeneral Motors Co on Tuesday reported a better-than-expected quarterly net profit, helped by cost cuts, and promised to cut production in the second half to curtail its burgeoning U.S. inventory of unsold vehicles. GM Chief Financial Officer Chuck Stevens cautioned in a call with analysts that production of its profitable large pickup trucks in North America could fall by 10 percent in 2018 as a new generation of trucks is launched.


https://in.finance.yahoo.com/news/government-sell-15-stake-national-175801900.html -- Government To Sell 15% Stake In National Fertilizers On WednesdayTue, 25 Jul 2017 12:58:01 -0500

Government To Sell 15% Stake In National Fertilizers On WednesdayGovernment currently holds 89.71 percent stake in NFL.


https://in.finance.yahoo.com/news/just-dial-sees-online-traffic-175505530.html -- Just Dial Sees Online Traffic Growth Paving Way For Future SuccessTue, 25 Jul 2017 12:55:05 -0500

Just Dial Sees Online Traffic Growth Paving Way For Future SuccessJust Dial’s Q1 profit rose 50 percent sequentially.


https://in.finance.yahoo.com/news/identify-sensitive-agricultural-commodities-sebi-175423629.html -- Identify ‘Sensitive’ Agricultural Commodities, SEBI Tells BoursesTue, 25 Jul 2017 12:54:23 -0500

Identify ‘Sensitive’ Agricultural Commodities, SEBI Tells BoursesDerivatives trading in these ‘sensitive’ commodities to be limited.


https://in.finance.yahoo.com/news/banks-concerned-over-decline-recovery-174701741.html -- Banks Concerned Over Decline In Recovery After Punjab Waived Farm LoansTue, 25 Jul 2017 12:47:01 -0500

Banks Concerned Over Decline In Recovery After Punjab Waived Farm LoansLenders express concern with Punjab government about loan recovery.


https://in.finance.yahoo.com/news/volkswagen-executive-charged-u-emissions-162016510.html -- Volkswagen executive charged in U.S. emissions probe to plead guilty: courtTue, 25 Jul 2017 12:28:54 -0500

Volkswagen executive charged in U.S. emissions probe to plead guilty: courtA Volkswagen AG executive charged in the automaker's diesel emissions scandal plans to plead guilty on Aug. 4 in U.S. District Court in Detroit, a court spokesman said on Tuesday. Oliver Schmidt, who was chief of Volkswagen's environmental and engineering center in Michigan, has been held since January when he was arrested trying to return to Germany. Schmidt is one of eight current and former executives charged in the U.S. emissions probe.


https://in.finance.yahoo.com/news/imf-sees-negligible-rise-costs-172627406.html -- IMF sees negligible rise in costs from moving London clearing after BrexitTue, 25 Jul 2017 12:26:27 -0500

IMF sees negligible rise in costs from moving London clearing after BrexitThe International Monetary Fund said on Tuesday that it foresaw only a modest increase in transaction costs if clearing and other financial activities are moved from the City of London to the European Union after Brexit. The forecast, published in the Fund's annual report on the euro zone, contrasts with British claims that splitting European securities markets would increase costs and damage EU economies. Clearing of euro-denominated securities is dominated by London, but it could be relocated to the EU when Britain leaves the bloc.


https://in.finance.yahoo.com/news/ten-public-sector-banks-submitted-172136219.html -- Ten Public Sector Banks Have Submitted Turnaround Plans Till NowTue, 25 Jul 2017 12:21:36 -0500

Ten Public Sector Banks Have Submitted Turnaround Plans Till NowIDBI Bank, Union Bank and Bank of India feature on the list.


https://in.finance.yahoo.com/news/mcdonalds-u-same-restaurant-sales-121508516.html -- Custom burgers, $1 drinks boost McDonald's sales; shares jumpTue, 25 Jul 2017 12:04:09 -0500

Custom burgers, $1 drinks boost McDonald's sales; shares jumpMcDonald's Corp on Tuesday posted its biggest jump in global sales at established restaurants in five years, helped by stronger traffic worldwide and U.S. initiatives including drink specials and custom sandwiches. The world's biggest fast-food chain by revenue has been working to reverse traffic declines at U.S. restaurants, its top profit generator, with new products and services like fresh beef Quarter Pounders, signature crafted sandwiches, mobile ordering and delivery. The moves are part of a broader turnaround plan under Chief Executive Steve Easterbrook, now in its second year.


https://in.finance.yahoo.com/news/caterpillar-bulldozes-expectations-raises-2017-142442693.html -- Caterpillar bulldozes expectations, raises 2017 forecast againTue, 25 Jul 2017 12:03:05 -0500

Caterpillar bulldozes expectations, raises 2017 forecast againCaterpillar Inc's results smashed expectations and the company raised its full-year forecast for the second time, underscoring strength across its businesses and a steady recovery in demand from China. Shares of the world's largest construction and mining equipment maker rose as much as 5.4 percent on Tuesday to touch a more than five-year high. Caterpillar's strong results are the clearest indication yet that the company is turning a corner after weak commodity prices and global economic uncertainty hit demand for its iconic yellow earth-moving equipment in the past few years.


https://in.finance.yahoo.com/news/gst-mitigated-cascading-impact-taxes-165603142.html -- GST mitigated cascading impact of taxes on civil aviation sector: MinisterTue, 25 Jul 2017 11:56:03 -0500

GST mitigated cascading impact of taxes on civil aviation sector: MinisterNew Delhi, July 25 (IANS) The government on Tuesday said GST (Goods and Services Tax) has mitigated "ill-effects of cascading taxes on prices across all sectors including civil aviation". According to Minister of State for Civil Aviation Jayant Sinha, GST was introduced with the intention to reduce the overall tax burden on the consumer. "The GST regime amalgamates a large number of central and state taxes into a single tax and allows set-off of prior stage taxes thereby mitigating the ill-effects of cascading taxes on prices across all sectors including civil aviation," Sinha informed the Rajya Sabha.


https://in.finance.yahoo.com/news/jobs-lift-u-consumer-confidence-165512435.html -- Jobs lift U.S. consumer confidence to near 16-year highTue, 25 Jul 2017 11:55:12 -0500

Jobs lift U.S. consumer confidence to near 16-year highU.S consumer confidence jumped to a near 16-year high in July amid optimism over the labor market while house prices maintained their upward trend in May, which could boost consumer spending after recent sluggishness. The reports on Tuesday underscored the economy's strong fundamentals, expected to keep the Federal Reserve on course to raise interest rates for a third time this year. "This brightens the outlook for the economy as we enter the second half of the year," said Chris Rupkey, chief economist at MUFG in New York.


https://in.finance.yahoo.com/news/armani-reorganises-brands-revenue-profit-162237870.html -- Armani reorganises brands as revenue, profit margins slipTue, 25 Jul 2017 11:22:37 -0500

Armani reorganises brands as revenue, profit margins slipItalian luxury goods group Armani said on Tuesday it was reorganising its brands around three core labels and streamlining its shop network to counter a difficult business environment. The Milanese group said its haute couture line Giorgio Armani Privé and its homeware brand Armani/Casa, would continue to exist as part of its signature Giorgio Armani label. The second core brand, Emporio Armani, will absorb the Armani Collezioni and Armani Jeans lines.


https://in.finance.yahoo.com/news/dominos-pizzas-slowing-uk-sales-161703272.html -- Domino's Pizza's slowing UK sales growth sends shares tumblingTue, 25 Jul 2017 11:17:03 -0500

Domino's Pizza's slowing UK sales growth sends shares tumblingBritain's biggest pizza delivery firm, Domino's Pizza Group Plc, reported much lower like-for-like sales growth in the first half of the year, sending its shares tumbling on Tuesday. The company, a franchise of U.S. company Domino's Pizza Inc, is opening 90 new stores in Britain this year, part of a strategy to increase the number of outlets in locations that are doing well in a bid to boost profitability. Domino's, which opened 40 outlets in Britain in the first half, did not disclose sales volumes, but Liberum analysts estimated volumes at mature stores fell 3 percent in the first half.


https://in.finance.yahoo.com/news/parliament-passes-bill-replace-170-155935101.html -- Parliament Passes Bill To Replace 170-Year-Old Maritime LawsTue, 25 Jul 2017 10:59:35 -0500

Parliament Passes Bill To Replace 170-Year-Old Maritime LawsParliament passes Bill on maritime laws.


https://in.finance.yahoo.com/news/analysis-no-more-low-cost-154512682.html -- Analysis: No more low cost - East Europe goes up in the worldTue, 25 Jul 2017 10:45:12 -0500

Analysis: No more low cost - East Europe goes up in the worldCentral and Eastern Europe faces the end of an economic era. With employment rates at record highs, and workers demanding wages closer to western levels, the cheap-labour model that has driven growth since the fall of communism is on the way out. A walkout at the Volkswagen factory in Bratislava last month, the first strike at a major Slovak car plant, led to a staggered 14 percent pay hike in what has become the latest and starkest sign of the shifting economic landscape.


https://in.finance.yahoo.com/news/sis-india-plans-ipo-proceeds-154437859.html -- SIS India Plans To Use IPO Proceeds To Pare DebtTue, 25 Jul 2017 10:44:37 -0500

SIS India Plans To Use IPO Proceeds To Pare DebtSIS plans to raise around Rs 780 crore through its IPO.


https://in.finance.yahoo.com/news/greece-prepares-end-bailout-era-142317858.html -- Greece prepares for end of bailout era with comeback bondTue, 25 Jul 2017 10:39:52 -0500

Greece prepares for end of bailout era with comeback bondThe deal came a month after euro zone finance ministers signed off on a new loan and sketched out measures to chip away at Greece's debt mountain after the current bailout finishes in August 2018. Greek Finance Minister Euclid Tsakalotos hailed the successful sale, saying it was "a beginning" and a sign of confidence in the country's economy. In the test run to ensure it will be able to rely on market funding next year, Athens sold 3 billion euros of new five-year bonds alongside a tender to buy back outstanding 5-year paper issued in 2014.


https://in.finance.yahoo.com/news/vodafone-idea-merger-expected-complete-153344437.html -- Vodafone-Idea Merger Expected To Complete In 2018 Tue, 25 Jul 2017 10:33:44 -0500

Vodafone-Idea Merger Expected To Complete In 2018 Vodafone-Idea merger to be completed next year, say companies.


https://in.finance.yahoo.com/news/michael-kors-buy-luxury-shoemaker-080153418.html -- Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 billionTue, 25 Jul 2017 10:32:45 -0500

Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 billionU.S. retailer Michael Kors agreed to buy luxury shoemaker Jimmy Choo for $1.2 billion, snapping up a British company whose towering stilettos have been made famous by celebrity customers from Princess Diana to Kendall Jenner. The move comes two months after rival handbag maker Coach struck a deal to buy quirky fashion brand Kate Spade & Co, as so-called affordable luxury companies look at new markets and customer bases to boost flagging sales. Founded by bespoke shoemaker Jimmy Choo in the 1990s, the company makes three quarters of its revenue from selling shoes and has about 150 company-operated retail stores around the world.


https://in.finance.yahoo.com/news/axis-bank-posts-smaller-expected-111604093.html -- Axis Bank sees progress on bad loans, smaller decline in profitsTue, 25 Jul 2017 10:25:32 -0500

Axis Bank sees progress on bad loans, smaller decline in profitsAxis Bank reported a smaller-than-expected 16 percent drop in quarterly profit on Tuesday and said it was making progress on containing bad loans. The bank, India's third-biggest non-state lender by assets, retained its provisioning cost guidance of 175 basis points to 225 basis points for the current financial year to March.


https://in.finance.yahoo.com/news/dominos-delivers-street-beating-sales-120427805.html -- Domino's international sales miss estimates, shares slideTue, 25 Jul 2017 10:24:38 -0500

Domino's international sales miss estimates, shares slideDomino's Pizza Inc reported quarterly international same-restaurant sales that fell short of analysts' estimates, overshadowing strength in the United States and sending its shares down almost 10 percent in morning trading on Tuesday. Domino's international same-store sales rose only 2.6 percent, almost half the 5 percent growth analysts estimated in a Consensus Metrix poll. Sales in some international markets were challenging in the second quarter, Domino's Chief Financial Officer Jeffrey Lawrence said on a conference call, adding the dollar's strength, particularly against the British pound, also reduced international royalty revenues.


https://in.finance.yahoo.com/news/banks-exposure-telecom-sector-rs-152047933.html -- Banks’ Exposure To Telecom Sector At Rs 97,681 Crore: Finance MinisterTue, 25 Jul 2017 10:20:47 -0500

Banks’ Exposure To Telecom Sector At Rs 97,681 Crore: Finance MinisterSBI Chairman Arundhati Bhattacharya flags ‘unsustainable’ telecom debt to Jaitley. 


https://in.finance.yahoo.com/news/supreme-court-tells-sahara-deposit-151805224.html -- Supreme Court Tells Sahara To Deposit Rs 1,500 Crore By September 7Tue, 25 Jul 2017 10:18:05 -0500

Supreme Court Tells Sahara To Deposit Rs 1,500 Crore By September 7Supreme Court tells Sahara Group to deposit Rs 1,500 crore with Sebi by September 7.


https://in.finance.yahoo.com/news/telecom-italia-management-shake-fuels-151131678.html -- Telecom Italia management shake-up fuels Vivendi's ambitionsTue, 25 Jul 2017 10:11:31 -0500

Telecom Italia management shake-up fuels Vivendi's ambitionsMILAN/PARIS (Reuters) - France's Vivendi has tightened its grip on Telecom Italia by removing its CEO Flavio Cattaneo and paving the way for a joint venture between its own pay-TV Canal+ and the Italian group, in a boost to the French firm's ambitions to become a southern European media powerhouse. Telecom Italia (TIM) said late on Monday after a board meeting that Cattaneo would be stepping aside as chief executive on July 28 after 16 months in the job, with a severance payment of 25 million euros ($29 million). Vivendi supported Cattaneo's departure, sources familiar with the matter said, after failing to convince the Italian executive to share power with other managers and work on a new strategic plan.


https://in.finance.yahoo.com/news/sebi-introduce-commodity-position-limits-144239399.html -- SEBI to introduce commodity position limits to curb price fluctuationsTue, 25 Jul 2017 09:42:39 -0500

SEBI to introduce commodity position limits to curb price fluctuationsThe Securities and Exchange Board of India (SEBI) is creating three categories for agricultural commodities and will introduce limits that investors can hold for each one to try to reduce price fluctuations. Commidities will be classed as sensitive, broad or narrow, bassed on the frequency of government interventions in their markets and overall availability, SEBI said on Tuesday. The new position limit for sensitive commodities will be 0.25 percent of deliverable supply, SEBI said in a circular.


https://in.finance.yahoo.com/news/gst-council-sets-panel-select-144122724.html -- GST Council Sets Up Panel To Select Anti-Profiteering Agency MembersTue, 25 Jul 2017 09:41:22 -0500

GST Council Sets Up Panel To Select Anti-Profiteering Agency MembersGST Council sets up panel to select members of anti-profiteering body.


https://in.finance.yahoo.com/news/toshiba-board-meet-wednesday-weigh-143251287.html -- Toshiba board to meet Wednesday, weigh offers for chip unit: sourceTue, 25 Jul 2017 09:39:35 -0500

Toshiba board to meet Wednesday, weigh offers for chip unit: sourceToshiba Corp's board will meet on Wednesday to consider offers for its chip unit from Western Digital and Taiwan's Foxconn in addition to a bid from a consortium that was previously favourite, a source familiar with the matter said. Toshiba is scrambling to sell its flash memory unit to cover losses from its bankrupt U.S. nuclear business Westinghouse.


https://in.finance.yahoo.com/news/monnet-ispat-bankruptcy-nclt-appoints-143204497.html -- Monnet Ispat Bankruptcy: NCLT Appoints Resolution Professional Tue, 25 Jul 2017 09:32:04 -0500

Monnet Ispat Bankruptcy: NCLT Appoints Resolution Professional NCLT appoints Sumit Binani as insolvency resolution professional for Monnet Ispat.


https://in.finance.yahoo.com/news/dupont-beats-strong-demand-agriculture-110224591.html -- Strength in farm business powers DuPont's results beatTue, 25 Jul 2017 09:29:29 -0500

Strength in farm business powers DuPont's results beatDuPont's quarterly profit and revenue beat estimates on Tuesday, driven by strength in its agriculture business, its biggest, sending its shares to a record high. DuPont, which is merging with Dow Chemical, rose as much as 2.4 percent to $86.36 in morning trading. Dow, which will report quarterly earnings on Thursday, was up 1.7 percent.


https://in.finance.yahoo.com/news/nse-nifty-potential-sustain-beyond-142404814.html -- NSE Nifty has potential to sustain beyond 10k: ExpertsTue, 25 Jul 2017 09:24:04 -0500

NSE Nifty has potential to sustain beyond 10k: ExpertsNSE Nifty 50 -- has the potential to sustain beyond the 10,000-point mark, contingent on healthy quarterly results outcome, experts opined on Tuesday. The optimism over the continued uptrend on NSE Nifty comes after the index breached the 10,000 points mark during the early-morning trade session on Tuesday. The wider Nifty of the National Stock Exchange (NSE) touched a high of 10,011.30 points and a low of 9,949.10 points.


https://in.finance.yahoo.com/news/rbi-processing-old-notes-verify-142114699.html -- RBI Processing Old Notes To Verify Numerical Accuracy: JaitleyTue, 25 Jul 2017 09:21:14 -0500

RBI Processing Old Notes To Verify Numerical Accuracy: JaitleyRBI is still completing the counting of specified bank notes, Arun Jaitley said.


https://in.finance.yahoo.com/news/imf-says-ecb-maintain-stimulus-141831635.html -- IMF says ECB should maintain stimulus, calls for end are 'premature'Tue, 25 Jul 2017 09:18:31 -0500

IMF says ECB should maintain stimulus, calls for end are 'premature'The European Central Bank should maintain a "firmly accommodative" monetary policy for an "extended period", the International Monetary Fund said on Tuesday, as it forecast inflation remaining below target. As the ECB prepares for a decision in autumn on whether to claw back its stimulus programme, the IMF said calls for an exit from easy-money policy were "premature" because consumer prices were not increasing enough. In its annual report on the euro zone, the IMF estimated euro zone inflation will reach 1.6 percent this year before slowing to 1.5 percent in 2018, below the ECB target of below but close to 2 percent.


https://in.finance.yahoo.com/news/ambuja-cements-expensive-valuation-sustain-140546415.html -- Will Ambuja Cements’ Expensive Valuation Sustain?Tue, 25 Jul 2017 09:05:46 -0500

Will Ambuja Cements’ Expensive Valuation Sustain?Ambuja Cement: Are expensive valuations justified?


https://in.finance.yahoo.com/news/nifty-10-000-newcomers-party-140328400.html -- Nifty At 10,000: Newcomers To The Party, Don’t DespairTue, 25 Jul 2017 09:03:28 -0500

Nifty At 10,000: Newcomers To The Party, Don’t DespairWhile the market party started some time back, but you still aren’t late if you’ve just turned up.


https://in.finance.yahoo.com/news/tinplate-co-india-works-tata-140006908.html -- Tinplate Co India works with Tata Steel Europe to improve operationsTue, 25 Jul 2017 09:00:06 -0500

Tinplate Co India works with Tata Steel Europe to improve operationsKolkata, July 25 (IANS) Tata Steel subsidiary Tinplate Company of India Ltd, which is looking to undertake its business independently, has been working closely with Tata Steel Europe for the last eight-nine months for operational improvements, a company official said on Tuesday. "We have been working closely with Tata Steel Europe team in the last eight-nine months in terms of operational improvements because they are performing well in tinplate business.


https://in.finance.yahoo.com/news/vodafone-idea-merger-transactions-expected-140005008.html -- Vodafone-Idea merger transactions expected to be completed in 2018Tue, 25 Jul 2017 09:00:05 -0500

Vodafone-Idea merger transactions expected to be completed in 2018New Delhi, July 25 (IANS) A day after the Competition Commission of India gave its nod to the Vodafone India-Idea Cellular merger, both companies in a joint statement said other statutory approvals were expected to come soon and the transaction will be completed during 2018. "We welcome the decision of the Competition Commission of India approving the proposed merger of Vodafone India and Idea Cellular, following its comprehensive review of the transaction. It is expected that other statutory approvals will be forthcoming and we anticipate completing the transaction during 2018," Vittorio Colao, CEO, Vodafone Group Plc. and Kumar Mangalam Birla, Chairman, Aditya Birla Group, said in a joint-statement.


https://in.finance.yahoo.com/news/gold-holds-steady-fed-meeting-041458241.html -- Gold loses lustre ahead of Fed meetingTue, 25 Jul 2017 08:46:17 -0500

Gold loses lustre ahead of Fed meetingGold prices retreated from a one-month high on Tuesday as equities gained ahead of a U.S. Federal Reserve meeting that is expected to provide more clues about monetary policy. The market is not expecting an interest rate increase at the Fed's two-day meeting starting on Tuesday but it is looking for hints on the timing and extent of future moves. Spot gold was 0.2 percent lower at $1,252.59 an ounce by 1326 GMT, not far from the previous session's peak of $1,258.79, its highest since June 23.


https://in.finance.yahoo.com/news/vedanta-q1-net-doubles-rs-124605191.html -- Vedanta Q1 net doubles to Rs 1,525 cr on better marginsTue, 25 Jul 2017 07:46:05 -0500

Vedanta Q1 net doubles to Rs 1,525 cr on better marginsMumbai, July 25 (IANS) Natural resources major Vedanta Ltd on Tuesday reported a more than doubling of its consolidated net profit to Rs 1,525 crore for the first quarter ended June 2017 on the back of better margins on most of the metals mined by the company. The Indian arm of London-listed energy major Vedanta Resources had posted a profit of Rs 754 crore in the corresponding quarter of last year, a company statement here said. The company's EBITDA (earning before interest, tax depreciation and amortisation) for the quarter in question rose 40 per cent over last year, to Rs 4,965 crore, on account of higher volumes at Zinc India and its aluminium business as well as higher commodity prices, Vedanta said.


https://in.finance.yahoo.com/news/exclusive-sri-lankas-cabinet-clears-083504455.html -- Exclusive: Sri Lanka's cabinet 'clears port deal' with China firm after concerns addressedTue, 25 Jul 2017 07:45:19 -0500

Exclusive: Sri Lanka's cabinet 'clears port deal' with China firm after concerns addressedSri Lanka's cabinet cleared a revised agreement for its Chinese-built southern port of Hambantota on Tuesday, the government said, after terms of the first pact sparked widespread public anger in the island nation. The port, close to the world's busiest shipping lanes, has been mired in controversy ever since state-run China Merchants Port Holdings , which built it for $1.5 billion, signed an agreement taking an 80 percent stake. Under the new deal, which Reuters has examined, the Sri Lankan government has sought to limit China's role to running commercial operations at the port while it has oversight of broader security.


https://in.finance.yahoo.com/news/nifty-climbs-mount-10k-slips-123604966.html -- Nifty climbs Mount 10k, but slips from the peakTue, 25 Jul 2017 07:36:04 -0500

Nifty climbs Mount 10k, but slips from the peakNSE Nifty 50 -- climbed the 10,000-point-mark for the first time in its almost 22-year history. However, the index, which was formed in November 1995, was dragged lower from its peak by profit booking and expensive valuations to close on a flat-to-negative note on Tuesday. It took the index 4.3 months to move from 9,000 points to 10,000 points.


https://in.finance.yahoo.com/news/gsk-hires-ex-wal-mart-114154188.html -- GSK hires ex-Wal-Mart executive to transform tech operationsTue, 25 Jul 2017 07:30:05 -0500

GSK hires ex-Wal-Mart executive to transform tech operationsGlaxoSmithKline has appointed former Wal-Mart Stores executive Karenann Terrell to the new senior position of chief digital and technology officer as the drugmaker looks to harness smart tech systems across the group. The move reflects a desire by Chief Executive Emma Walmsley, who took over in April, to apply digital platforms in everything from clinical trials to customer interactions. For Walmsley, Terrell is another important appointment following the hiring of former AstraZeneca Luke Miels, who will also join in September.


https://in.finance.yahoo.com/news/bharti-airtel-profit-slumps-beats-115440878.html -- Bharti Airtel posts smallest profit in 18 quartersTue, 25 Jul 2017 07:27:21 -0500

Bharti Airtel posts smallest profit in 18 quartersREUTERS - Bharti Airtel Ltd, India's top telecoms operator, reported its smallest profit in 18 quarters as a price war sparked by an upstart carrier weighed on earnings. Profit on a consolidated basis, ...


https://in.finance.yahoo.com/news/uk-factory-output-rises-fastest-122509082.html -- UK factory output rises at fastest pace since 1995: CBITue, 25 Jul 2017 07:25:09 -0500

UK factory output rises at fastest pace since 1995: CBIBritish factories increased output at the fastest rate since the mid-1990s over the past three months, according to a survey published on Tuesday that suggested manufacturing might help to support the economy as it slows during 2017. The picture on exports was mixed too, adding to signs that the pound's sharp fall since last year's Brexit vote has yet to trigger a deluge of orders from abroad. Export orders slowed in the three months to July, but manufacturers' optimism about exports over the coming three months rose to the highest in 40 years, the CBI said.


 


 
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