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  • Sale of 7.5 million Olympic tickets begins in Rio

    1 April, 2015 3:09 AM 26

    Tickets for the 2016 Rio Olympics went on sale in Brazil on Tuesday, with top prices comparable to those at the London Games and more than half costing 70 Brazilian reais (USD 22) or less. The most affordable of the 7.5 million tickets are 40 reais and all purchases can be paid for in up to five instalments. The cheapest tickets at London 2012 were 20 pounds

  • Asian markets mostly slip, Shanghai up on China data

    1 April, 2015 3:03 AM 23

    Hong Kong: Asian markets mostly retreated on Wednesday following losses on Wall Street, with Tokyo also hurt by a disappointing reading of Japanese business confidence while Hong Kong and Shanghai climbed on a rebound in Chinese manufacturing activity. After a strong performance for global equities in the first three months of the year, analysts have warned

  • Over 250 cos appoint women directors to meet Sebi deadline

    1 April, 2015 2:58 AM 274

    Waking up at the last moment, over 250 companies including from Adani and Essar Groups, appointed women directors to meet the Sebi deadline of Tuesday midnight for having at least one female board member, even as some PSUs were seen lagging behind. The companies have, however, mostly appointed wives or daughters of their promoters or top executives

  • RBI imposes Rs 5L fine on 16 banks for violation of norms

    1 April, 2015 2:58 AM 8

    The Reserve Bank penalised 16 central cooperative banks with a fine of Rs 5 lakh each for non-adherence of the Know Your Customer and Anti-Money Laundering guidelines. The lenders were issued show-cause notices and the action was taken after going through the responses, the RBI said in a notification. "After considering the facts of the cases, the banks'

  • Weak demand weighs on China factory, services firms in March, more easing seen

    1 April, 2015 2:56 AM 16

    Beijing: Surveys of China`s manufacturing and services sectors showed persistent weakness in the world`s second-biggest economy in March, adding to bets that Beijing will have to roll out more policy support to avert a sharper slowdown. The official Purchasing Managers` Index (PMI), released by the National Bureau of Statistics on Wednesday, edged up to 50.1 in March

  • Stocks in news: Adani Ent, RIL, GVK, eClerx, RCF, Kalpataru

    1 April, 2015 2:54 AM 12

    Here are stocks that are in news today: Indian Hotels Company-Taj opens 7th property in NCR: BL-Company opened 250 rooms, Taj Vivanta in Dwarka Bajaj Auto-Company ready to forgo some land in Chakan, to retain the plot: BL-Company to use the “use-by” option, to retain larger plot Canara Bank and LIC-Canara Bank to raise funds from LIC: BS-LIC to subscribe

  • EPFO may finally venture into equities via ETF route

    1 April, 2015 2:39 AM 23

    The traditionally risk averse Employees’ Provident Fund Organisation is likely to take a small start towards investing in equities, deploying close to Rs 6,000 crore into the stock markets over the course of the next year. According to the plan being finalised, the EPFO is likely to invest 1 per cent of its fresh fund flows into exchange traded funds

  • Infrastructure output growth dips to 17-month low

    1 April, 2015 2:32 AM 145

    New Delhi: India’s infrastructure output growth dipped to a 17-month low in February at 1.4 per cent, pulled down by contraction in the production of steel, fertilisers and refinery products. The infrastructure sector, which comprises of coal, crude oil, oil refining, natural gas, steel, cement, electricity and fertilisers, had grown by 1.8 per cent in January

  • Asian stocks kick off Q2 with a soft open after mixed data

    1 April, 2015 2:28 AM 27

    Asian stock markets traded mixed on the first trading day of the second quarter following a mixed bag of economic data releases. China's official March manufacturing purchasing manager's index (PMI) unexpectedly edged up to 50.1 in March from February's 49.9, a tad above the 50-mark that that separates growth from contraction. The reading is better than the March

  • Wall Street drops but S&P, Nasdaq register quarterly gains

    1 April, 2015 2:25 AM 35

    US stocks fell on Tuesday as energy and healthcare shares retreated, but the S&P 500 and Nasdaq registered their ninth straight quarterly advance. The S&P's 500 quarterly winning streak was its longest since 1998, while the Nasdaq's was its longest ever. The Dow registered a slight loss for the quarter. During the session, all 10 S&P 500 sectors declined