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  • Apple case: US raises concern over American firms evading tax

    Apple case: US raises concern over American firms evading tax

    "The broader issue is one that is of concern to the President and one that he's focused on, because in terms of the policy matters that it raises, the report by Senators (Carl) Levin and (John) McCain raises a set of broader issues around companies that ship their profits and their jobs offshore," White House Press Secretary Jay Carney told reporters yesterday.

  • Morgan Stanley resumes United Spirits at 'overweight'

    Morgan Stanley resumes United Spirits at 'overweight'

    Morgan Stanley says United Spirits could also focus on the "prestige" liquor segment, improving margins.

  • Coal: All the jargon you need to know

    Coal: All the jargon you need to know

    Coal is literally hot commodity, with most of the country's power and electricity dependent on what is also called 'black gold'. Around 66 per cent of India's power generation is coal based, according to the world's largest miner, Coal India. There is however jargon surrounding the commodity and the industry at large.

  • IT stocks lead gains on Sensex, Nifty nears 6150

    IT stocks lead gains on Sensex, Nifty nears 6150

    The BSE Sensex gained 0.39 per cent, while the broader Nifty was up 0.4 per cent on Wednesday. Indian markets tracked gains in Asian stocks, which rose following a positive lead from Wall Street.

  • iGate shares crash to 18-month low on Phaneesh Murthy's sacking

    iGate shares crash to 18-month low on Phaneesh Murthy's sacking

    Nasdaq-listed iGate shares fell as much as 13 per cent on Tuesday after the California-based IT outsourcer sacked its chief executive Phaneesh Murthy.

  • Rupee hits near 6-month low on continued dollar buying

    Rupee hits near 6-month low on continued dollar buying

    The rupee hit a fresh near 6-month low in opening trades, falling to 55.48 after opening at 55.335. It traded at 55.43/44 versus Tuesday's close of 55.41/42.

  • Tech Mahindra shares jump 7% on Q4 earnings

    Tech Mahindra shares jump 7% on Q4 earnings

    Shares in Tech Mahindra rose as much as 6.8 per cent on Wednesday after its January-March quarter net profit rose 24 per cent, beating estimates.

  • Top 10 stocks to track in trade today

    Top 10 stocks to track in trade today

    The BSE Sensex opened in the green on Wednesday after closing at its lowest level in a week on Tuesday. The Sensex has gained nearly 11 per cent since mid-May, raising prospects of a near-term correction. Market analyst Sarvendra Srivastava says the bullish setups are intact and markets may be range bound in a band of 6,100-6,200. The rupee, which has hit its lowest in 2013, continues to be an overhang on markets though.

  • IT industry gets some relief as Senate panel passes Immigration Bill

    IT industry gets some relief as Senate panel passes Immigration Bill

    A U.S. Senate panel on Tuesday approved legislation to give millions of illegal immigrants a path to citizenship, setting up a spirited debate next month in the full Senate over the biggest changes in immigration policy in a generation.

  • Dow, S&P close at new records on Fed hopes

    Dow, S&P close at new records on Fed hopes

    Wall Street rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as comments from Federal Reserve officials eased some concerns that the central bank could start reducing its stimulus program.

  • EU watchdog unveils caps for bank bonuses

    EU watchdog unveils caps for bank bonuses

    European Union regulators confirmed on Tuesday that they will cap bonuses of bankers earning more than 500,000 euros a year and added other conditions to make the pay ceiling harder to smash.

  • Intel's most main product units to be directly under CEO Krzanich's supervision: report

    Intel's most main product units to be directly under CEO Krzanich's supervision: report

    Intel Corp's new chief executive, Brian Krzanich, has launched a sweeping company reorganisation and created a unit aimed at growing its market share in future mobile technologies.

  • Jamie Dimon keeps JPMorgan chairman title after bruising battle

    Jamie Dimon keeps JPMorgan chairman title after bruising battle

    Jamie Dimon, JPMorgan Chase & Co's outspoken chairman and chief executive, won a vote of confidence on Tuesday as shareholders recommended that he keep his chairman title, giving him a greater margin of approval than last year.

  • Srei Infra to raise Rs 1,500 crore via debentures

    Srei Infra to raise Rs 1,500 crore via debentures

    Srei Infrastructure Finance Ltd said on Tuesday that its board has approved to raise Rs 1,500 crore by public issue of debentures in one or more tranches during the current fiscal year.

  • Ireland rejects blame for Apple's low tax rate

    Ireland rejects blame for Apple's low tax rate

    Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the US Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries.

  • JSW Ispat posts Rs 159.33 crore net profit in Q4

    JSW Ispat posts Rs 159.33 crore net profit in Q4

    Helped by deferred tax benefits of Rs 159.33 crore, JSW Ispat Steel, an associate firm of JSW Steel, reported on Tuesday a standalone net profit of Rs 94.16 crore for the fourth quarter ended March, 2013.

  • Oracle Financial Services fixes floor price at Rs 2,275

    Oracle Financial Services fixes floor price at Rs 2,275

    IT firm Oracle Financial Services Software on Tuesday announced the floor price for sale of over 44 lakh shares worth about Rs 1,009 crore to meet minimum shareholding norms as mandated by market regulator Securities and Exchange Board of India (Sebi).

  • Rupee ends little above 2013 low on stock losses, importer demand

    Rupee ends little above 2013 low on stock losses, importer demand

    The rupee dropped to its lowest in nearly six months on Tuesday, dragged by late falls in local shares and import-related demand from a large private company.

  • Rajat Gupta to appeal against insider-trading conviction

    Rajat Gupta to appeal against insider-trading conviction

    India-born former Goldman Sachs director Rajat Gupta will seek overturning of his insider-trading conviction in a US court on Tuesday by arguing that the case rested exclusively on circumstantial evidence that relied on wiretap statements that did not involve him.

  • Wall Street drifts near record, Home Depot buoys Dow

    Wall Street drifts near record, Home Depot buoys Dow

    Wall Street was little changed in early trading on Tuesday with Home Depot at a record high and buoying the blue-chips while investors eyed congressional testimony from Fed chairman Ben Bernanke on Wednesday.

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