A2 Hosting Holiday Sale 2021

LIC increases stake in Dr Reddy's

Jun 24, 2022

LIC has raised its stake in pharma major Dr Reddy's Laboratories to over 5 per cent by way of open market stock purchases during September 2021 to June this year, at an estimated cost of Rs 1,556 crore. Corporation's shareholding in Dr Reddy's Laboratories has increased from 60,64,345 to 93,96,801 equity shares, or from 3.644 per cent to 5.646 per cent of the paid-up capital of the said company, LIC said in a regulatory filing on Thursday. The life insurer said it bought shares through open ma ...read more

BOJ keeps ultra-low rates, dovish policy guidance

Jun 24, 2022

© Reuters. FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) - The Bank of Japan maintained its massive stimulus on Friday and its guidance to keep borrowing costs at "present or lower" levels, signaling its resolve to focus on supporting the economy's recovery from the COVID-19 pandemic. The central bank also said it woul ...read more

Oil prices fall on demand concerns; Brent crude settles at $118.98/bbl

Jun 24, 2022

Oil prices edged slightly lower on Friday as worries about global economic growth and uncertainty weighed on markets following numerous interest rate hikes around the world this week. Brent crude futures LCOc1 fell 83 cents, or 0.8%, to $118.98 a barrel, while US West Texas Intermediate (WTI) crude CLc1 futures fell to $116.79 a barrel, down 80 cents, or 0.7%. If losses hold through the day, Brent crude futures would post their first weekly dip in five weeks, while US crude futures would see th ...read more

The Toys 'R' Us brand may be brought back to life

Jun 24, 2022

Top business news JEWEL SAMAD/AFP/AFP/Getty Images Now playing The truth about the retail apocalypse Now playing Walgreens Boots Alliance CEO: 'I took pay cuts' to advance career Now playing The Fed anticipates more rate increases after announcing biggest hike in 28 years CNN Now playing What the interest rate hike means for you Now playing 94% of women executives have this is common ...read more

Morgan Stanley proposes China board for multinational listings

Jun 24, 2022

© Reuters. FILE PHOTO: The logo for Morgan Stanley is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo SHANGHAI (Reuters) - The head of Morgan Stanley (NYSE:)'s China securities business proposed the setting up of an international board in China to allow offshore-listed Chinese companies and foreign firms to list in the domestic market. Jing Qian, CEO of Morgan Stanley Securities (China) ...read more

World stocks headed for worst week since 2020 on shocker Swiss rate hike ahead of BOJ

Jun 24, 2022

World stocks on Friday headed for their worst week since markets' pandemic meltdown in March 2020, as investors feared sharp rate hikes tipping economies into recession, while growth fears and a soaring Swiss franc whacked the US dollar. A shock 50 basis point rate hike from the Swiss National Bank overnight sent the franc on its sharpest rise in seven years, forced an unwind of carry trades and set off a new round of worry that rising global rates will snuff out growth.  It has also left the ...read more

PMLA case: ED conducts searches in Delhi linked to Satyendar Jain 

Jun 24, 2022

Enforcement Directorate (ED) carried out searches at various locations in Delhi in connection with the money laundering probe linked to Delhi Health Minister Satyendar Jain early morning, sources told news agency ANI. At least 10 residential and locations were covered by officials of the central agency under these searches.  The Enforcement Directorate this morning carried out searches at various locations in Delhi in connection with its money laundering probe allegedly linked to Delhi Heal ...read more

A llama, bagel and frisbee: Apple's new iOS 12.1 emoji

Jun 24, 2022

Top business news CNN Now playing First impressions of Apple's iPhone XS and XS Max Now playing Walgreens Boots Alliance CEO: 'I took pay cuts' to advance career Now playing The Fed anticipates more rate increases after announcing biggest hike in 28 years CNN Now playing What the interest rate hike means for you Now playing 94% of women executives have this is common Now ...read more

NBA-Golden dynasty: Warriors win fourth NBA Championship in eight years

Jun 24, 2022

5/5 © Reuters. Jun 16, 2022; Boston, Massachusetts, USA; Golden State Warriors guard Stephen Curry (30) rebounds the ball against the Boston Celtics during the fourth quarter of game six in the 2022 NBA Finals at the TD Garden. Mandatory Credit: Paul Rutherford-USA TODA 2/5 By Rory Carroll (Reuters) -The Golden State Warriors cemented their place as one of the NBA's great dynasties with Thursday's 103-90 Game Six win over the Boston Celtics sealing their fourth Championship in ...read more

'Agnipath' scheme protests: Unidentified agitators set fire to the Secunderabad Rly station

Jun 24, 2022

The protest against the Centre's 'Agnipath' scheme relating to recruitment in the armed forces spread to the South on Friday when unidentified miscreants went on the rampage at the Secunderabad Railway station here, setting on fire a parcel coach of a passenger train. The agitators shouted slogans against the Centre demanding normal recruitment of army jobs, South Central Railway sources said. The agitators, numbering about 300-350, pelted stones and set a parcel coach of a passenger train on ...read more

China likely to keep lending benchmark LPR unchanged amid global central bank tightening

Jun 24, 2022

Please try another search Economy 54 minutes ago (Jun 17, 2022 04:00AM ET) © Reuters. FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee SHANGHAI (Reuters) - About 90% of traders and analysts in a Reuters survey expected China to keep benchmark interest rates unchanged at its monthly fixing on Monday, as global central bank tightening limited room for poli ...read more

SpaceX fires employees involved in drafting letter criticising Musk

Jun 24, 2022

SpaceX has fired employees who helped write and distribute an open letter criticizing Chief Executive Officer Elon Musk's behavior, the New York Times reported on Friday, citing three employees with knowledge of the situation. SpaceX President Gwynne Shotwell sent an email saying the company had investigated and "terminated a number of employees involved" with the letter, the New York Times said. It was unclear how many employees were terminated, the report said. SpaceX did not immediately re ...read more

Tesco says Britons buying less and trading down to navigate inflation

Jun 24, 2022

© Reuters. FILE PHOTO: General view of a Tesco Extra store sign in Bletchley, in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers By James Davey LONDON (Reuters) -Britons are buying less, switching to cheaper products and shopping more often as they try to cope with soaring inflation, supermarket giant Tesco (OTC:) said on Friday, describing the market environment as "incredibly challenging". Pessimism weighing on Britain's households has hit unprecedented levels, as wages ...read more

Vijay Shekhar Sharma acquires 1.7 lakh shares of Paytm worth Rs 11 cr

Jun 24, 2022

Digital financial services firm One97 Communications' Managing Director Vijay Shekhar Sharma has purchased 1.7 lakh shares of the company worth Rs 11 crore, according to a regulatory filing. The disclosures from the company, which operates under Paytm brand, show that Sharma bought the shares on May 30-31. On May 30, Sharma bought 1,00,552 shares worth Rs 6.31 crore and on May 31, he bought 71,469 shares worth Rs 4.68 crore. The company stock was trading at Rs 625.75 in afternoon session. As pe ...read more