British banking giant HSBC has said that CEO John Flint would step down, 18 months after he was appointed, paving the way for new leadership to meet the bank's challenges as the latest results show net profits rose 18.6 per cent year-on-year in the first semester of 2019. ...
The benchmark Sensex fell over 580 points on Monday over sustained outflow of foreign funds and poor global investor sentiments. Global markets came under further stress after China vowed to respond to the US tariffs it announced last week, sending shockwave across world financial markets....
At least six persons were killed in Mumbai and Satara as rains continued to clobber large stretches of Maharashtra, especially the coastal Konkan region, on Sunday, hitting train services badly. IAF helicopters rescued 58 people in Thane and boats were deployed to rescue...
At least five persons were killed in Mumbai and Satara as rains continued to clobber large parts of Maharashtra, especially the coastal Konkan region, on Sunday, hitting train services badly. IAF helicopters rescued 58 people in Thane and boats were deployed to rescue ...
Online furniture marketplace WoodenStreet is planning to raise $10 million in the next 12 months, the company said in a statement on Sunday. According the company, the newly-raised fund would be utilised for an "omni-channel" expansion across India, including an increase in footprint in four ...
Footwear major Bata India is planning to open about 500 franchise stores which would come up in small towns over the next five years, a top company official said here on Friday. "We now have 150 franchise stores. We are looking to get about 500 franchise ...
US stocks traded lower on Friday, as investors digested various data that came below market expectations and remained worried over US-China trade tensions. At midday, the Dow Jones Industrial Average fell 230.77 points, or 0.87 per cent, to 26,352.65. The S&P 500 slid 28.61 points, or 0.97 per cent, to ...
Given the current economic slowdown in India, a renewed focus on the primary conditions towards promoting investment and consumption is essential. At its core, a slowdown in the flow of credit due to a variety of factors has been a significant contributor to the issue at hand. Improvements in the three areas ...
Canada-based investment firm Fairfax Financial Holdings Ltd acquired 2.6-lakh additional shares in Quess Corporation to increase its equity stake in the software firm, said the company on Friday. "On acquiring the additional shares and the spinout of our shares by Thomas...
US President Donald Trump on Friday signed the "Bipartisan Budget Act of 2019," which boosts discretionary spending limits and suspends the public debt limit for the next two years. ...
