Wednesday 18th October 2017,
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Business

ITC Surges 10% In Two Days On GST Boost. Should You Buy?

ITC Surges 10% In Two Days On GST Boost. Should You Buy?

ITC shares gained over 6 per cent to a fresh 52-week high of Rs. 304.80 on the National Stock Exchange on Monday. Including today’s gains, ITC shares have surged nearly 10 per cent in two trading sessions. ITC shares have witnessed buying after the Goods and Services Tax or GST Council announced rates on most [...]

May 25, 2017 Loknath Das Business Comments Off on ITC Surges 10% In Two Days On GST Boost. Should You Buy?

Brexit: Stripping London of £800bn clearing business could cost investors £80bn, says London Stock Exchange

Brexit: Stripping London of £800bn clearing business could cost investors £80bn, says London Stock Exchange

Two prominent City of London figures have warned EU leaders about the dangers of stripping London of the lucrative euro clearing trade after Brexit. A proposed move could cost investors €100bn (£83bn) over five years, Xavier Rolet, chief executive of the London Stock Exchange, said on Monday. Seperately, Michael Spencer, founder of broker Icap described the [...]

May 22, 2017 Loknath Das Business Comments Off on Brexit: Stripping London of £800bn clearing business could cost investors £80bn, says London Stock Exchange

Carnage in Indian IT: Wipro, Infosys, Tech Mahindra, Cognizant slash jobs

Carnage in Indian IT: Wipro, Infosys, Tech Mahindra, Cognizant slash jobs

  Once India’s global claim to fame, the country’s information technology (IT) sector is seeing a spate of layoffs by IT majors like Tech Mahindra, Wipro, Infosys and Cognizant.   The churn in the IT sector — which is moving towards increasing automation, use of artificial intelligence and is beset by tightening visa regulations — [...]

May 11, 2017 Loknath Das Business Comments Off on Carnage in Indian IT: Wipro, Infosys, Tech Mahindra, Cognizant slash jobs

Facebook Now Has an Almost Advertising-Only Business Model

Facebook Now Has an Almost Advertising-Only Business Model

Facebook’s growth into a digital advertising power is showing a flip side: The social network is more dependent than ever on the cyclical ad market, even as its rival Google finds new revenue streams in hardware and software. Facebook reported on Wednesday that 98% of its quarterly revenue came from advertising, up from 97% a [...]

May 6, 2017 Loknath Das Business Comments Off on Facebook Now Has an Almost Advertising-Only Business Model

AMD’s revenue rises 18.3 percent, but margin forecast disappoints

AMD’s revenue rises 18.3 percent, but margin forecast disappoints

A man looks at motherboards displayed at the AMD booth during the Computex 2011 computer fair at the TWTC Nangang exhibition hall in Taipei May 31, 2011. REUTERS/Pichi Chuang/File Photo Advanced Micro Devices Inc (AMD.O) reported an 18.3 percent jump in quarterly revenue, largely in line with analysts’ estimates, but the chipmaker’s second-quarter gross margins [...]

May 2, 2017 Loknath Das Business Comments Off on AMD’s revenue rises 18.3 percent, but margin forecast disappoints

Dollar holds gains Canadian dollar, Mexican peso surge on NAFTA relief

Dollar holds gains Canadian dollar, Mexican peso surge on NAFTA relief

LONDON, APRIL 27:   The dollar only held its gains against the Japanese yen on Thursday after US President Donald Trump’s tax plan offered no surprises, slowing the greenback’s rally. The market also awaited the European Central Bank’s monetary policy decision. The Canadian dollar and Mexican peso, which had slumped earlier on reports the United States [...]

April 27, 2017 Loknath Das Business Comments Off on Dollar holds gains Canadian dollar, Mexican peso surge on NAFTA relief

Future Retail to demerge home retail business

Future Retail to demerge home retail business

The existing network of Future Retail includes small-format EasyDay stores and large-format Big Bazaar stores, along with apparel chain fbb, Foodhall, electronics store eZone and furniture and home decor chain HomeTown. Photo: Indranil Bhoumik/Mint Shares of Future Retail Ltd hit an all-time high on Thursday after India’s biggest departmental store chain said its board has [...]

April 21, 2017 Loknath Das Business Comments Off on Future Retail to demerge home retail business

UK wage growth after inflation almost disappears in three months to February

UK wage growth after inflation almost disappears in three months to February

British pay growth after accounting for inflation almost disappeared completely in the three months to February, the clearest evidence yet that households are feeling the strain of rising prices as Brexit negotiations begin. Workers’ total earnings including bonuses rose by an annual 2.3 percent in the three months to February, unchanged from the previous period, [...]

April 12, 2017 Loknath Das Business Comments Off on UK wage growth after inflation almost disappears in three months to February

Malala receives highest UN honour to promote girls education

Malala receives highest UN honour to promote girls education

UNITED NATIONS, APR 11:   Men should not clip the “wings of women and let them fly”, Nobel Laureate Malala Yousafzai said as UN Secretary-General Antonio Guterres designated her as the youngest-ever ‘Messenger of Peace’. “The role of men, fathers and brothers is really important. There were so many girls just like me in Swat Valley [...]

April 11, 2017 Loknath Das Business Comments Off on Malala receives highest UN honour to promote girls education

MPs urge crackdown on excessive pay to rebuild public trust in business

MPs urge crackdown on excessive pay to rebuild public trust in business

British businesses must crack down on excessive pay for bosses and improve boardroom diversity to restore public trust after scandals at Sports Direct and collapsed retailer BHS, MPs have warned. Among their wide-ranging recommendations, the MPs’ committee called for a ban on long-term investment plans, complex multi-year pay deals that have been criticised for masking [...]

April 5, 2017 Loknath Das Business Comments Off on MPs urge crackdown on excessive pay to rebuild public trust in business

Infy, Others Change H-1B Visa Strategy, Applications Begin Next Month

Infy, Others Change H-1B Visa Strategy, Applications Begin Next Month

Infosys will also halt H-1B applications for employees with less than 4yrs of experience, says a report.    While the White House has drafted an executive order that envisages changes to the way the H-1B program is administered, none have come into effect so far. With the application process kicking off next month, companies are [...]

March 25, 2017 Loknath Das Business Comments Off on Infy, Others Change H-1B Visa Strategy, Applications Begin Next Month

Reliance Capital Sells Stake In Paytm Parent To Alibaba

Reliance Capital Sells Stake In Paytm Parent To Alibaba

   Mumbai: Reliance Capital Ltd has sold a less than 1 per cent stake in payments and e-commerce startup One97 Communications to Alibaba Group Holding for Rs. 275 crore ($41.25 million), a source with direct knowledge of deal said on Tuesday. The deal valued One97, which owns and operates India’s No. 1 digital wallet Paytm, [...]

March 8, 2017 Loknath Das Business Comments Off on Reliance Capital Sells Stake In Paytm Parent To Alibaba