Yahoo Finance - Business finance, stock market, quotes, newshttps://in.finance.yahoo.com/news/reliance-communications-hit-indian-mobile-180458398.html -- Reliance Communications hit by Indian mobile price warSat, 27 May 2017 13:04:58 -0500
Indian mobile phone network operator Reliance Communications Ltd posted its second straight quarterly loss on Saturday, hit by the price war which has broken out in the world's second-biggest mobile market by number of users. The launch last year of rival Reliance Industries' new Jio 4G broadband service with free voice and data services has forced other networks to come up with cheaper plans of their own, squeezing margins and in some cases dragging down sales, with bigger rivals Bharti Airtel, Idea Cellular and Vodafone India also suffering from the cut-price competition. Reliance Communications, controlled by billionaire Anil Ambani, said on Saturday it made a consolidated net loss of 9.66 billion rupees ($149.8 million) for its fiscal fourth quarter to March 31, compared with a 900 million rupees net profit in the same period a year earlier.
https://in.finance.yahoo.com/news/fairfax-financial-sell-12-2-173012545.html -- Fairfax Financial to sell 12.2 percent of ICICI LombardSat, 27 May 2017 12:30:12 -0500
Canada's Fairfax Financial Holdings plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees , the Indian company ...
https://in.finance.yahoo.com/news/hundreds-demonstrators-stage-protest-amid-151730076.html -- Scuffles break out, tear gas fired at end of G7 protestSat, 27 May 2017 12:25:56 -0500
A group of protesters sought to break through a police cordon at the end of a protest march against world leaders meeting on the island of Sicily on Saturday, scuffling with security forces, who fired tear gas to disperse them. After hundreds of people had peacefully marched through the streets of the seaside town of Giardini Naxos, down the hill from where a Group of Seven meeting had been held, a smaller group of about 100 people peeled off from the pack and challenged riot police. Protesters washed their eyes out with water and an ambulance appeared to take away at least one injured person.
https://in.finance.yahoo.com/news/gurus-business-spiritual-heads-empires-171402805.html -- The gurus in business: Spiritual heads and their empiresSat, 27 May 2017 12:14:02 -0500
By using their presence and fame, and by launching products which are marketed as Ayurvedic and organic, they have managed to build business empires which have a widespread reach. While Baba Ramdev is the face of the brand, he does not own any stake, and all business decisions are taken by his disciple, and Patanjali’s second in command, CEO Acharya Balkrishna.
https://in.finance.yahoo.com/news/epfo-board-rejects-proposal-reduce-170210171.html -- EPFO Board Rejects Proposal To Reduce Provident Fund Contribution To 10% Sat, 27 May 2017 12:02:10 -0500
Employees and employers will have to continue transferring 12% of basic salary to the EPFO
https://in.finance.yahoo.com/news/fairfax-sells-12-stake-icici-165638100.html -- Fairfax Sells 12% Stake In ICICI Lombard General InsuranceSat, 27 May 2017 11:56:38 -0500
The company, formed in 2001, is a joint venture between ICICI Bank and Prem Watsa-run Fairfax Financial Holdings.
https://in.finance.yahoo.com/news/adani-powers-consolidated-q4-net-163604216.html -- Adani Power's consolidated Q4 net loss at Rs 4,960.53 crSat, 27 May 2017 11:36:04 -0500
Mumbai, May 27 (IANS) Adani Power on Saturday reported a consolidated net loss of Rs 4,960.53 crore for the fourth quarter (Q4) of 2016-17. The consolidated net profit for the quarter was hit by the non-recognition of compensatory tariff (CT) for Mundra plant, following the judgement by the Hon'ble Supreme Court regarding the matter. "Consequent to outcome of the Hon'ble Supreme Court judgement, we have engaged with the stakeholders for possible remedial measures for long term sustainability of the Mundra Plant," said Gautam Adani, Chairman, Adani Power.
https://in.finance.yahoo.com/news/government-looking-strategic-investors-air-163603228.html -- Government Looking For Strategic Investors For Air India: Arun JaitleySat, 27 May 2017 11:36:03 -0500
Arun Jaitley on Aadhaar, Air India and more.
https://in.finance.yahoo.com/news/publishers-urge-government-keep-books-163004697.html -- Publishers urge government to keep books out of GST netSat, 27 May 2017 11:30:04 -0500
New Delhi, May 27 (IANS) The Federation of Educational Publishers in India (FEPI) on Saturday urged the government to addresses some "inadvertent anomalies" that have crept into the tax structure for books under the proposed GST regime. Addressing its concerns to Prime Minister Narendra Modi and Finance Minister Arun Jaitley, the FEPI -- an umbrella body of over 2,000 publishers -- said that according to the final Goods and Service Tax (GST) slabs, books had been largely exempted from tax. The publishers' body, however, added that some categories of books, such as those for colouring, drawing, workbook of all types and exercise books, have been made taxable under the GST structure.
https://in.finance.yahoo.com/news/telangana-labour-commissioner-rules-favour-155123690.html -- Telangana Labour Commissioner Rules In Favour Of Cognizant EmployeesSat, 27 May 2017 10:51:23 -0500
Eight employees had filed petition at labour department, complaining against Cognizant.
https://in.finance.yahoo.com/news/india-cements-reports-muted-numbers-151825823.html -- India Cements Reports Muted Numbers In Q4Sat, 27 May 2017 10:18:25 -0500
India Cements’ profit falls more than 30 percent.
https://in.finance.yahoo.com/news/kolkata-knight-riders-top-ipl-150806128.html -- Kolkata Knight Riders Top The IPL Brandwagon Sat, 27 May 2017 10:08:06 -0500
The IPL Brandwagon: KKR on top
https://in.finance.yahoo.com/news/government-created-more-813-crore-145503597.html -- Government Created More Than 813 Crore Persons Day Of Work In 3 years Sat, 27 May 2017 09:55:03 -0500
During 2016-17, more than 1.23 crore assets created under MGNREGA were geo-tagged and placed in the public domain.
https://in.finance.yahoo.com/news/met-modi-discuss-bihar-not-144423108.html -- Met Modi To Discuss Bihar, Not Politics, Nitish Kumar SaysSat, 27 May 2017 09:44:23 -0500
Modi had invited Kumar for a lunch he hosted for the visiting Mauritius Prime Minister Pravind Jugnauth.
https://in.finance.yahoo.com/news/poor-show-banks-private-investors-144004118.html -- Poor show by banks, private investors challenge to growth: JaitleySat, 27 May 2017 09:40:04 -0500
New Delhi, May 27 (IANS) Union Finance Minister Arun Jaitley on Saturday said that poor performance by private investors and banks still remains a challenge for the Indian economy. "Despite Foreign Direct Investment (FDI) coming to India in large numbers, things are not working forcefully -- investment in domestic industry is not satisfactory level. The condition is related to banks," Jaitley told DD News in an interview here.
https://in.finance.yahoo.com/news/trump-decide-paris-climate-deal-143653133.html -- Trump To Decide On Paris Climate Deal Next WeekSat, 27 May 2017 09:36:53 -0500
G-7 leaders fail to convince Trump to make up his mind.
https://in.finance.yahoo.com/news/saab-hopeful-croatia-enter-market-140327111.html -- Saab hopeful Croatia will enter market for fighter jetsSat, 27 May 2017 09:03:27 -0500
Sweden's Saab is hopeful that Croatia could enter the market for fighter jets sooner rather than later, opening up another sales prospect for its Gripen aircraft, a company executive said on Saturday. Magnus Lewis-Olsson, Saab's head of Europe, said the country looks to have decided to build a modern jet fighter force and would look to take offers sooner than might have been expected. Croatia, a member of the NATO military alliance since 2009, needs to modernise its air force which operates a squadron of MIG-21 fighter jets.
https://in.finance.yahoo.com/news/indian-hotels-md-ceo-steps-140141614.html -- Indian Hotels’ MD And CEO Rakesh Sarna Steps DownSat, 27 May 2017 09:01:41 -0500
Sarna had joined Indian Hotels in September 2014 replacing Raymond Bickson.
https://in.finance.yahoo.com/news/libraries-leaders-bookshelves-asian-supermodel-135623090.html -- Libraries of Leaders: On The Bookshelves Of An Asian Supermodel Sat, 27 May 2017 08:56:23 -0500
What supermodel Elena reads...
https://in.finance.yahoo.com/news/nalco-bottomline-rises-25-q4-134102038.html -- NALCO’s Bottomline Rises 25% In Q4 Sat, 27 May 2017 08:41:02 -0500
Revenue rises by 28%.
https://in.finance.yahoo.com/news/government-mulling-exiting-air-india-133803986.html -- Government mulling exiting Air India: JaitleySat, 27 May 2017 08:38:03 -0500
New Delhi, May 27 (IANS) Finance Minister Arun Jaitley on Saturday said the government was considering exiting Air India operations. "There are many private airlines like Jet Airways, IndiGo, GoAir. If 86 per cent of the aviation market can be handled by private sector, then 100 per cent can also be handled by the private sector," Jaitley told DD News in an interview.
https://in.finance.yahoo.com/news/bharatbenz-launches-bs-iv-compatible-133004262.html -- BharatBenz launches BS-IV compatible heavy duty truck rangeSat, 27 May 2017 08:30:04 -0500
New Delhi, May 27 (IANS) BharatBenz on Saturday said that it has launched its new heavy duty truck range here, equipped with a system based on "SCR technology" to meet the new BS-IV emission ...
https://in.finance.yahoo.com/news/fidelity-trims-flipkart-valuation-4-131636382.html -- Fidelity Trims Flipkart’s Valuation To $4.9 BillionSat, 27 May 2017 08:16:36 -0500
Fidelity’s mutual fund pares Flipkart’s valuation.
https://in.finance.yahoo.com/news/adani-power-posts-quarterly-loss-124210161.html -- Adani Power Posts Quarterly Loss As Supreme Court Denies Compensatory Tariff Sat, 27 May 2017 07:42:10 -0500
Adani Power reports a loss of Rs 4,960 crore in fourth quarter.
https://in.finance.yahoo.com/news/sebi-show-cause-notice-means-121026337.html -- SEBI’s Show-Cause Notice Means NSE Co-Location Probe May Be Headed For ClosureSat, 27 May 2017 07:10:26 -0500
SEBI’s show-cause notice to NSE brings certainty to closure of co-location probe.
https://in.finance.yahoo.com/news/indias-forex-reserves-surge-over-113204192.html -- India's Forex reserves surge by over $4 bnSat, 27 May 2017 06:32:04 -0500
Mumbai, May 27 (IANS) India's foreign exchange (Forex) reserves rose by over $4 billion as on May 19, 2017. The Reserve Bank of India's (RBI) weekly statistical supplement released on Friday showed that ...
https://in.finance.yahoo.com/news/workers-union-outlandish-sign-times-103614955.html -- An IT Workers’ Union: Outlandish Or A Sign Of The Times?Sat, 27 May 2017 05:36:14 -0500
Will FITE manage to form India’s first workers’ union for the IT sector?
https://in.finance.yahoo.com/news/odisha-biggest-integrated-steel-plant-102347565.html -- Odisha’s Biggest Integrated Steel Plant Commissioned Angul Sat, 27 May 2017 05:23:47 -0500
The plant will make Odisha the fourth largest steel producing state in the country.
https://in.finance.yahoo.com/news/u-backs-call-fight-against-100431773.html -- U.S. backs call for fight against protectionism in G7 communique - sourceSat, 27 May 2017 05:04:31 -0500
U.S. President Donald Trump has agreed to include a pledge to fight trade protectionism in a final communique due to be released later on Saturday at the end of a summit of Group of Seven leaders, a G7 source said. Trump has previously endorsed protectionist measures, saying the United States was suffering due to unfair trade practices from some of its main Western allies, including Germany, as well as from China and some developing nations. "Trump agreed that the fight against protectionism should be in the final statement," a G7 source said.
https://in.finance.yahoo.com/news/natural-gas-production-no-longer-095235174.html -- Natural Gas Production No Longer Profitable Business, ONGC SaysSat, 27 May 2017 04:52:35 -0500
ONGC Chairman and Managing Director Dinesh K Sarraf said the company lost Rs 5,010 crore in revenue on natural gas business.
https://in.finance.yahoo.com/news/trade-russia-unresolved-issues-g7-094903277.html -- Trade and Russia unresolved issues in G7 communique - sourceSat, 27 May 2017 04:49:03 -0500
Group of Seven (G7) leaders have still not agreed to joint language on the issues of trade and Russia, a G7 source said, hours before their final communique is due to be published. The source said diplomats had been unable to resolve whether the communique would include a pledge to fight against "protectionism" and a separate threat to take additional action against Russia, if warranted, for its intervention in Ukraine. The communique will specify that six of the seven countries back the 2015 Paris Agreement and that the United States had been given more time to decide on its stance.
https://in.finance.yahoo.com/news/premier-heads-europe-china-says-094129884.html -- As premier heads to Europe, China says resolute about opening its marketSat, 27 May 2017 04:41:29 -0500
China is determined to open its market and is positive about promoting talks on a China-EU investment agreement, a senior Chinese official said on Saturday ahead of Premier Li Keqiang's visit to Brussels for a summit with the European Union. The EU-China summit on June 2 will be the first since the election of U.S. President Donald Trump that has united the two economic powers against global warming and trade protectionism. China asked that the annual summit, normally held in mid-July, be brought forward to press home President Xi Jinping's defence of open trade at the World Economic Forum in Davos in January, in response to Trump's protective stance.
https://in.finance.yahoo.com/news/india-provides-help-death-toll-092816031.html -- India Provides Help As Death Toll Tops 100 In Lanka FloodsSat, 27 May 2017 04:28:16 -0500
More than 2 lakh people have already been displaced.
https://in.finance.yahoo.com/news/corrected-analysis-aramco-ipo-pitch-090033797.html -- ANALYSIS: In Aramco IPO pitch, Canada plays up its natural resources expertiseSat, 27 May 2017 04:05:35 -0500
The Toronto Stock Exchange's efforts to win a slice of the massive Saudi Aramco public listing plays up the country's deep experience in natural resources as part of a broader offer to help the kingdom with its shift away from oil dependence. The Canadian pitch is also broader than just for a slice of the Aramco IPO. On several trips to the kingdom, the most recent in late March, TMX executives have been joined by senior executives from some of the country's biggest banks, brokerages and other financial players as Canada Inc seeks a role in delivering the kingdom's broader Vision 2030 plan.
https://in.finance.yahoo.com/news/g7-makes-substantial-progress-trade-085725528.html -- G7 makes 'substantial progress' on trade talks - French sourceSat, 27 May 2017 03:57:25 -0500
The Group of Seven nations have made progress in negotiations on trade, notably on the issue of multilateralism, a French presidential source said on Saturday, suggesting there has been some softening in the United States' protectionist stance. The leaders have been wrangling on the wording of a final communique since Friday with international trade and climate change the main stumbling blocks. "The discussions on trade are making substantial progress, notably on the issue of multilateralism," a French presidential source said.
https://in.finance.yahoo.com/news/dealmakers-form-core-team-chandrasekaran-085529710.html -- Dealmakers Form Core Of Team Chandrasekaran At Tata SonsSat, 27 May 2017 03:55:29 -0500
N. Chandrasekaran’s team includes three dealmakers, a corporate lawyer, and a former aide.
https://in.finance.yahoo.com/news/panasonic-showcase-future-display-screens-084404601.html -- Panasonic to showcase 'future of display screens' on May 29Sat, 27 May 2017 03:44:04 -0500
New Delhi, May 27 (IANS) Ushering in a new era of televisions, Panasonic India is set to showcase their 'future of display screens along with the launch of new 4K TV line-up on May 29 in the country. Industry sources told IANS that the tech giant's new high-end series is designed to deliver picture quality and sound accurate to a filmmaker's original vision. Bearing its 4K Pro HDR hallmark, the new range is equipped with a "Super Bright" panel with "Supreme Contrast" and is powered by a processor, which has been tuned by experienced experts at the Panasonic Hollywood Lab.
https://in.finance.yahoo.com/news/china-april-industrial-profits-14-080921536.html -- China April industrial profits up 14 percent but slowing pace stokes economy worriesSat, 27 May 2017 03:09:21 -0500
Profits earned by Chinese industrial firms rose 14.0 percent in April from a year earlier, official data showed on Saturday, slowing from March's pace and adding to concerns that the world's second-largest economy may be losing steam. Profits in April rose to 572.78 billion yuan ($83.59 billion), the National Bureau of Statistics (NBS) said on its website. A building boom, fuelled by a government infrastructure spree and a heated housing market, has boosted demand and prices for materials from steel to cement, giving China's long ailing "smokestack" industries more cashflow to chip away at a mountain of debt.
https://in.finance.yahoo.com/news/airbus-helicopters-starts-construction-assembly-075701815.html -- Airbus Helicopters starts construction of assembly line in ChinaSat, 27 May 2017 02:57:01 -0500
Airbus Helicopters, the world's largest supplier of commercial helicopters, has started building an assembly line in China in what Europe's largest aerospace group said was a key step in its plans to tap into the Chinese market. The company's final assembly line will be located in Qingdao, eastern China, with construction expected to be completed by 2018. China is opening up its low-level airspace to civilian aircraft, which could see increasing numbers of helicopters being ordered, with the H135 already used in China for medical services and police surveillance.
https://in.finance.yahoo.com/news/adani-pay-royalties-full-coal-074450679.html -- Adani has to pay royalties in full for coal mine - Australia state premierSat, 27 May 2017 02:44:50 -0500
Adani Enterprises (ADEL.NS) will get no exemption or discounted rates on royalties it has to pay to develop its Carmichael coal mine project in Australia, Queensland state Premier Annastacia Palaszczuk said on Saturday. Ministers from the centre-left state government made the decision on Friday, putting an end to speculation that the Indian company would be offered concessions on royalties during the early years of coal production. “Under this new policy, the Adani Carmichael mine will pay every cent of royalties in full,” Palaszczuk said in a statement on Saturday.
https://in.finance.yahoo.com/news/expert-portfolio-manager-porinju-veliyath-064340882.html -- Expert Portfolio Manager Porinju Veliyath’s Betting On A ‘Turnaround’ Revolution In IndiaSat, 27 May 2017 01:43:40 -0500
Why expert investor Porinju Veliyath says there’s money to be made in “badly-managed, small companies”.
https://in.finance.yahoo.com/news/flipkart-snapdeal-looking-glass-052000515.html -- Flipkart-Snapdeal: Through The Looking GlassSat, 27 May 2017 00:20:00 -0500
Indian e-commerce is like invading Russia, easy to enter but tough to exit alive.
https://in.finance.yahoo.com/news/mahrashtra-frame-policy-set-electric-051206130.html -- Mahrashtra To Frame Policy To Set Up Electric Vehicle Charging StationsSat, 27 May 2017 00:12:06 -0500
There is an urgent need to rethink the transport infrastructure of the country, said Gadkari.
https://in.finance.yahoo.com/news/trump-other-leaders-clash-trade-175738125.html -- G7 leaders reach impasse on climate, urge cyber crackdownFri, 26 May 2017 18:39:55 -0500
Leaders from the world's major industrialised nations failed to persuade U.S. President Donald Trump to back a landmark climate deal at a G7 summit in Sicily on Friday after hours of talks that were described by Germany's leader as "controversial". Meeting days after a suicide bomber killed 22 people at a concert in northern England, the leaders did issue a joint statement on fighting terrorism, admonishing internet service providers and social media companies to "substantially increase" their efforts to rein in extremist content. Host Paolo Gentiloni, the prime minister of Italy, said the group was also inching closer to finding common language on trade, a contentious issue between Trump - elected on an "America First" platform - and the six other leaders.
https://in.finance.yahoo.com/news/oil-drops-opec-led-output-041341975.html -- Oil rebounds but ends week lower as OPEC cuts disappointFri, 26 May 2017 16:20:03 -0500
Oil prices rebounded to rise more than 1 percent on Friday, but Brent crude ended the week nearly 3 percent lower after an OPEC-led decision to extend production curbs did not go as far as many investors had hoped. Brent futures (LCOc1) settled up 69 cents to $52.15 a barrel, or 1.3 percent, after hitting a session low of $50.71. On Thursday, the Organization of the Petroleum Exporting Countries and other producers pledged to continue output cuts of 1.8 million barrels per day (bpd) for another nine months, through the first quarter of 2018.
https://in.finance.yahoo.com/news/global-markets-battered-oil-fights-084953221.html -- Oil prices rebound; dollar firms as sterling dropsFri, 26 May 2017 16:19:48 -0500
Oil prices recovered on Friday from some of the previous day's steep slide after investor disappointment that OPEC curbs did not go far enough, while Wall Street stocks eked out a seventh straight day of gains. U.S. bond yields stayed steady and gold saw big gains as a risk-off sentiment and concerns about political uncertainty took hold, with spot gold (XAU=) rising to its highest since May 1. "We have had the political noise coming from Trump and the U.S. administration and there is a certain element of uncertainty in the markets in general, which is supporting gold.
https://in.finance.yahoo.com/news/wall-street-set-open-flat-130516686.html -- Wall Street drifts before long weekend; consumer stocks upFri, 26 May 2017 15:30:49 -0500
The S&P 500 and Nasdaq also eked out record closing highs, and the S&P 500 posted a seventh straight session of gains, matching a winning streak from February. Helping the consumer staples index, Costco Wholesale (COST.O) rose 1.8 percent to $177.86 and was among the biggest drivers of the S&P and Nasdaq indexes.
https://in.finance.yahoo.com/news/aramco-ipo-pitch-canada-plays-175707813.html -- Analysis - In Aramco IPO pitch, Canada plays up its natural resources expertiseFri, 26 May 2017 13:35:40 -0500
The Toronto Stock Exchange's efforts to win a slice of the massive Saudi Aramco public listing plays up the country's deep experience in natural resources as part of a broader offer to help the kingdom with its shift away from oil dependence. The Canadian pitch is also broader than just for a slice of the Aramco IPO.
https://in.finance.yahoo.com/news/sterling-hits-3-week-low-133527678.html -- Pound suffers biggest one-day fall since January as Conservative lead slidesFri, 26 May 2017 13:14:58 -0500
Sterling suffered its steepest fall since January on Friday after an opinion poll showed the governing Conservatives' lead over the Labour opposition down to just 5 percentage points less than two weeks before a parliamentary election. The assumption that Prime Minister Theresa May's Conservatives would win handsomely, strengthening her hand in negotiations on Britain's departure from the European Union, has driven the pound higher since she called an election for June 8.
https://in.finance.yahoo.com/news/retirement-fund-body-epfo-may-180453300.html -- Retirement Fund Body EPFO May Reduce Provident Fund Contributions To 10% Fri, 26 May 2017 13:04:53 -0500
Presently, employees and employers contribute 12% of basic wages each towards EPF scheme.