ibnlive » Business

Nifty marginally down on July expiry day; IT stocks weak

In the technology space, HCL Technologies lost 2 percent despite 13 percent sequential growth in profit for April-June quarter. Wipro declined 1.5 percent while TCS, Infosys and Tech Mahindra (ahead of numbers today) slipped marginally.

Video

Business News

IOB to raise $500 million through overseas bond sale

IOB to raise $500 million through overseas bond sale State-owned lender Indian Overseas Bank (IOB) announced here today that it plans to raise USD 500 million through a medium-term bond sale shortly. The bank has already received approval to raise up to USD 1 billion from its board.

Economy News

Exim Bank inks trade facilitation pact with US body

Exim Bank inks trade facilitation pact with US body Export-Import Bank of India (Exim Bank) today entered into a partnership with a US government body to help and advice domestic companies interested in investing in the world's largest economy.

IBN Reports

Sensex, Nifty flat on July series expiry

Sesa Sterlite, Maruti, Bharti, ITC and GAIL are top gainers in the Sensex.

Latest

Demand exports remain strong for textile biz: Arvind

Sanjay Lalbhai Arvind’s retail chain Megamart should turn profitable at net level next year, CMD Sanjay Lalbhai says.

Market Reports

Sensex, Nifty flat on July series expiry; ITC, Bharti gain

Sensex, Nifty flat on July series expiry; ITC, Bharti gain Sesa Sterlite, Maruti, Bharti, ITC and GAIL are top gainers in the Sensex. Among the losers are Axis Bank, Hindalco, TCS and BHEL.

Buzzing Stocks

Bharat Forge up 2% on strong growth in Q1 profit, EBITDA

Bharat Forge up 2% on strong growth in Q1 profit, EBITDA Profit of the company increased to Rs 145 crore in the quarter ended June 2014 from Rs 90.6 crore in same quarter last year, which was far ahead of analysts' expectations of Rs 134.2 crore. Revenue grew 24.8 percent year-on-year, in-line, to Rs 988 crore during the quarter.

Market Edge

Reforms or not, India to outperform EM peers: Credit Suisse

Reforms or not, India to outperform EM peers: Credit Suisse The expected recovery off the bottom for the other EMs is much more tepid than in India, says Credit Suisse

Market Outlook

Go long, buy Nifty, mkt likely to remain cheerful: Sukhani

Sudarshan Sukhani Watch the interview of technical analyst, Sudarshan Sukhani of s2analytics.com with Latha Venkatesh and Sonia Shenoy of CNBC-TV18. He shared his reading and outlook on the market and also gave recommendations on various stocks.

Technicals

Euro gains on ECB; stocks up with economic data

The euro rose on Monday on expectations of higher eurozone interest rates while world stocks eked out gains as concerns about Middle East and Japan cast a cloud despite positive economic data.

Global Markets

Asian markets mixed; Shanghai Taiwan down, Nikkei gains

Asian markets mixed; Shanghai  Taiwan down, Nikkei gains Asian equity markets were mixed on Thursday. China's Shanghai Composite declined 3.50 points to 2,177.74 while Hong Kong's Hang Seng rose 5.20 points to 24,737.41 and Japan's Nikkei 225 Average advanced 72.17 points to 15,718.40, at 7:55 hours IST.
ibnliveibnlive

Politics

India has threatened to block a worldwide reform of customs rules, saying it must be accompanied by a parallel agreement allowing developing countries more freedom to subsidise and stockpile food grains.
The demand came just days after the regulatory body, the Genetic Engineering Appraisal Committee, gave a go-ahead for the trial of 15 crops.
The Narendra Modi government is coming under pressure from its ally, the Rashtriya Swayamsevak Sangh, as two outfits linked to the Sangh have now demanded that the Centre put a ban on field trials of genetically modified crops. Sources said that the outfits have been assured that the government will tread with caution on this issue.
ibnliveibnlive
ibnliveibnlive

India

Army Chief General Bikram Singh will retire on Thursday giving way to Lt General Dalbir Singh Suhag.
The CSE has said that indiscriminate use of antibiotics in poultry could be linked to growing antibiotic resistance in Indians.
Prohibitory orders under Section 144 of the IPC have been clamped down and a curfew is in place.
ibnliveibnlive
ibnliveibnlive

Tech

Cortana will be a part of an Windows Phone 8.1 update but users in India will get an alpha version of the app.
Samsung posted a net profit of 6.25 trillion won ($6.1 billion) - its lowest figure for two years.
China is the world's third biggest gaming market, where revenues grew by more than a third in 2012 to nearly $14 billion last year.
ibnliveibnlive
ibnlive ibnlive
ibnlive ibnlive