Gold investors can at least count on one factor lending some support to prices this year—a stronger appetite for the metal in India during Diwali.» Read More
Vinay Khattar, Head of Research at Edelweiss, says muted growth in passenger volume means that the operation of the A380 in India may put existing carriers at a disadvantage.
May 27- Intuit Inc, developer of tax-preparation software TurboTax, agreed to buy Check Inc, a bill-payment service, for $360 million in a deal that was signed on Friday, the Wall Street Journal reported, citing people familiar with the situation.
Pradeep Taneja, Social and Political Sciences Lecturer at the University of Melbourne, discusses the significance of Pakistani leader Nawaz Sharif's attendance at Narendra Modi's inauguration ceremony.
With political and economic changes underway in India, Japan and China, a re-evaluation of Asia will be necessary, says Hayden Briscoe, Director, Asia Pacific Fixed Income at AllianceBernstein.
David Ruff, Portfolio Manager at Forward Management, says Indian motorcycle maker Bajaj Auto offers an attractive dividend yield of 2.5 percent.
*Indonesia, Philippines at greatest El Nino risk- FAO. Malaysia and the Philippines are working to manage water supplies and India has bolstered its food stockpiles. They are aiming to reduce the impact of the so-called El Nino, a weather pattern that can bring drought to Australia, Southeast Asia and India.
NEW DELHI, May 26- Hindu nationalist Narendra Modi was sworn in as India's prime minister on Monday, taking charge of the world's largest democracy as it struggles with an economic slowdown and a severe shortage of jobs for its booming young population.
Manpreet Gill, Senior Investment Strategist at Standard Chartered Bank, says Indian financial markets will now be looking ahead to Narendra Modi's first budget presentation.
Duvvuri Subbarao, Former Governor of the Reserve Bank of India from 2008 to 2013, outlines reasons why increased spending is not the right solution for India.
NEW DELHI- Indian-born economist Arvind Panagariya, who is widely expected to take a top advisory role in prime minister-elect Narendra Modi's government, wants its first budget to boost capital spending even at the risk of a higher fiscal deficit. Bank of England's Bean says may be case for earlier rate hikes- BBC.
MUMBAI/ KOLKATA, May 25- The maker of the Ambassador has halted production of the iconic car, long the choice of Indian officialdom, citing weak demand and a lack of funds and casting doubt on the future of a vehicle that has looked essentially the same for nearly six decades.
May 23- Gentiva Health Services Inc said it adopted a poison pill, more than a week after the home healthcare services provider rejected a $533- million hostile bid from hospital operator Kindred Healthcare Inc.. Gentiva rejected Kindred's $14- per-share offer on May 15, saying it undervalued the company.
May 23- Aeropostale Inc could raise going concern doubts as soon as next year, as the struggling teen apparel retailer burns up cash amid mounting losses, Morgan Stanley analysts warned. "Aeropostale occupies the weakest competitive position in teen retail, and continues to cede market share to cheap fashion retailers and other teen retailers," the analyst said.
May 23- Hewlett-Packard Co's shares rose as much as 7 percent on Friday, a day after the personal computer maker said it would cut as many as 16,000 more jobs and forecast strong free cash flow for the year.
May 23- Aeropostale Inc could raise doubts about continuing as a going concern as soon as next year, brokerage Morgan Stanley said a day after the teen apparel retailer reported its seventh straight quarterly decline in comparable sales.
May 23- Parsley Energy Inc's shares rose as much as 21.5 percent in their U.S. market debut, valuing the oil and natural gas producer at about $2.51 billion. The company's initial public offering raised $925 million after its upsized offering of 50 million Class A shares was priced $18.50 per share, slightly above the top end of its expected price range of $15- $18.
More U.S. businesses are pursuing India after the election of pro-business leader Narendra Modi as prime minister.
May 23- Parsley Energy Inc's shares rose as much as 21.5 percent in their U.S. market debut, valuing the oil and natural gas company at about $2.51 billion. The company's initial public offering raised $925 million after its upsized offering of 50 million Class A shares was priced $18.50 per share, slightly above the top end of its expected price range of $15- $18.
May 23- Pfizer Inc said its experimental psoriasis drug was effective in treating the condition in a late-stage trial. Two doses of the drug, tofacitinib, maintained the treatment effect in patients suffering from moderate-to-severe chronic plaque psoriasis, the company said.
Google is developing a tablet that can capture 3D images, according to the WSJ.