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BSE Sensex surges 184 Points in morning trade
Mumbai, Dec 23: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Wednesday was trading 183.58 points, or 0.72 percent up during the morning session.
The wider 50-scrip Nifty of the National Stock…
Profit bookings subdue markets; BSE Sensex down 116 Points
Mumbai, Dec 22: Profit bookings, coupled with political turmoil and upcoming US macro-data amidst thin volumes, subdued Indian equity markets on Monday, as a barometer index shed 116 points during the late-afternoon trade session on…
RCOM, Aircel in merger talks for wireless business
New Delhi, Dec 22: Industrialist Anil Ambani-led Reliance Communications (RCOM) on Tuesday said it has initiated talks with the promoters of Aircel to combine the wireless business of the two companies, with synergies in investments and…
Brazil’s new Finance Minister takes office amid recession
Brasilia, Dec 22: Brazilian new finance minister has assumed office with the responsibility of taking the country out of deep recession and ensuring economic growth.
The government announced last week that Joaquim Levy would step down as…
Shanghai Composite Index up 0.26 Percent at 3,651.77 Points
Beijing, Dec 22: China's stocks closed higher on Tuesday, with the benchmark Shanghai Composite Index up 0.26 percent at 3,651.77 points.
The smaller Shenzhen index climbed 0.85 percent to close at 13,139.13 points, Xinhua reported.…
China unveils economic blueprint for 2016
Beijing, Dec 22: China's top leadership has announced an overarching strategy to lead the economy's ongoing transition, the media reported on Tuesday.
President Xi Jinping said the country's emphasis next year will be on supply-side…
Philippine president signs 2016 national budget
Manila, Dec 22: Philippine President Benigno S. Aquino III on Tuesday signed a 3 trillion pesos ($63 billion) national budget for next year in a ceremony in Malacanang, the presidential palace.
The 2016 budget is the biggest in the…
Indian economy: Interesting mid-year signals
The recently released mid-year review of the Indian economy by the finance ministry offers some fascinating insights into Indian public policy and decision-making.
Growth and Inflation:
The review mentions that the real GDP has grown at…
Value buying buoys markets; BSE Sensex up 175 Points
Mumbai, Dec 21: Value buying, coupled with clarity on the passage of some key economic legislation on the remaining three days of parliament's winter session, saw Indian equity markets rise on Monday and led a barometer index to gain 175…
Vodafone India plans 4G in metros by March 2016
New Delhi, Dec 21: Vodafone India will increase the intensity of its 4G services rollout and by March 2016 it will be launched in Mumbai, Delhi, Bengaluru and Kolkata, a statement said here on Monday.
"Vodafone will increase the…