• Tech, not Turkey, proves catalyst behind global sell-off

  US tech heavyweights have remained relatively isolated from the woes of their Chinese counterparts
  37 minutes ago — Live Mint

• Global Markets: Stocks, commodities tumble; emerging markets hit as dollar rises, yuan falls

  Equities around the world took a dive on Wednesday, with emerging market stocks set to confirm a bear market and the dollar hitting a 13-month high, while weakness in China's yuan rattled investors' nerves.
  44 minutes ago — Reuters
  • Global Markets: Stocks tumble; emerging markets hit as dollar rises, yuan falls 44 minutes ago — Reuters
  • Global Markets: Resurgent dollar sends commodities and emerging markets reeling again 44 minutes ago — Reuters
  • Global Markets: Stocks, emerging currencies, lick wounds as lira bounces for second day 44 minutes ago — Reuters
  • Global stocks, emerging currencies, lick wounds as lira bounces for second day 44 minutes ago — Reuters
  • Stocks, emerging currencies, lick wounds as lira bounces for second day 44 minutes ago — Reuters
  • Global Markets: Asian stocks retreat as Turkey worries weigh, dollar buoyant 44 minutes ago — Reuters

• U.S. judge rules securities suit against Exxon, executives can proceed

  A federal judge rejected Exxon Mobil Corp's motion to dismiss a securities suit alleging the company and top executives misled investors about the impact of climate change on its business.
  46 minutes ago — Reuters

• Stock options in a listed firm help create wealth: Sanjay Lalbhai

  Lalbhai says move will help align professional management with shareholder value.
  51 minutes ago — Economic Times

• Independence Day Speech: Modi woos farmers; critics say 'disappointed'

  Among PM Modi's string of promises for farmers was doubling of their income by 2022
  54 minutes ago — Business Standard
  • I-Day speech: Modi's 'old promises' for farmers fail to impress critics 54 minutes ago — Business Standard

• Indirect tax base has surged 65% to 11.6 mn since GST roll-out: PM Modi

  Experts feel this might prompt govt to cut rates
  55 minutes ago — Business Standard
  • Indirect tax base surges 65% to 11.6 mn since GST roll-out, says PM Modi 55 minutes ago — Business Standard

• Gold hits more than 18-month low as dollar gains on Turkey troubles

  Gold fell to a more than 18-month low on Wednesday as the dollar climbed towards its highest in over a year on concerns about global market contagion triggered by recent declines in the Turkish lira.
  55 minutes ago — Reuters
  • Gold hits more than 18-month low as dollar gains on Turkey woes 55 minutes ago — Reuters
  • Gold hits over 18-month low as dollar flares on Turkey woes 55 minutes ago — Live Mint
  • Gold hits 18-month low as dollar flares on Turkey woes 55 minutes ago — Economic Times
  • Global Markets: Asian stocks weaken as Turkey worries weigh, dollar stands tall 55 minutes ago — Reuters

• Britain's biggest banks report 64 payment outages in last 3 months

  Britain's five biggest banks had a total of 64 security or operational incidents that cut customers off from telephone, mobile or online banking in the second quarter of 2018, according to disclosures on the banks' websites.
  1 hour ago — Reuters

• Independence Day: PM sets tone for 2019 polls, promises development for all

  Expectedly, the PM also gave a report card of sorts of his government's 51-months in office
  1 hour ago — Business Standard
  • With 2019 in mind, Modi uses Independence Day stage to reach out to poor 1 hour ago — Business Standard

• Firms log sharpest profit growth in 9 quarters in Q1

  Earnings still fail to meet Street expectations on costlier raw materials, weaker rupee
  1 hour ago — Live Mint

• Turkey's new finance chief faces credibility battle with markets

  Facing Turkey's gravest currency crisis since 2001 in his first month in the job, Finance Minister Berat Albayrak has the daunting task of reassuring global investors that the economy is not hostage to political interference.
  1 hour ago — Reuters

• Emerging market stocks in bear territory after 20 percent drop since January

  A leading emerging market stock index extended its slump since January to 20 percent on Wednesday in a fresh wave of selling which took it into territory commonly regarded as a bear market.
  1 hour ago — Reuters
  • MSCI emerging market stocks index enters technical bear market 1 hour ago — Reuters

• Swiss ban some Mercedes, Porsche models over emissions

  Swiss authorities have halted registrations of some new Mercedes-Benz Vito and Porsche Macan and Cayenne vehicles which had diesel engines that disguised emissions levels, the Astra roads agency said on Wednesday.
  1.5 hours ago — Reuters

• Qatar to invest $15 billion in Turkey; source says banks the focus

  Qatar pledged $15 billion of investment in Turkey on Wednesday
  1.5 hours ago — Reuters
  • Qatar to invest $15 billion in Turkey, Ankara says 1.5 hours ago — Reuters

• Financial Times boss to return some of $3.3 million pay after staff protest

  Financial Times Chief Executive John Ridding is to pay back some of his 2.6 million pound ($3.3 million) salary after a group of the newspaper's reporters complained about his pay.
  1.5 hours ago — Reuters
  • FT boss to give back part of $3.3 million salary after staff complain 1.5 hours ago — Reuters

• Analyst View: Turkey, trade worries hit Wall Street

  U.S. stock indexes fell sharply on Wednesday, hurt by concerns over a stronger dollar and Turkey's currency crisis, as well as over the trade tensions with U.S. trading partners that have dominated the first half of 2018.
  1.5 hours ago — Reuters
  • Wall Street slips, turns risk averse on strong dollar, trade worries 1.5 hours ago — Reuters
  • Wall Street slides as strong dollar, trade fears trigger risk aversion 1.5 hours ago — Reuters
  • Turkey, trade worries hit Wall Street again 1.5 hours ago — Reuters
  • Wall Street opens lower as Turkey turmoil, trade worries weigh 1.5 hours ago — Reuters

• Trump advisor touts Sprint, T-Mobile deal while denying lobbying

  Corey Lewandowski, President Donald Trump's former campaign manager, touted on Wednesday benefits he sees in federal government approval of T-Mobile US Inc's bid to acquire Sprint Corp, while also denying that he has worked directly for the company.
  2 hours ago — Reuters

• Long-acting injection a shot in the arm for GSK's HIV business

  A long-acting injection developed by GlaxoSmithKline and given once a month has proved as effective as standard daily pills for controlling the AIDS virus, lifting prospects for the British drugmaker's key HIV business.
  2 hours ago — Reuters

• Oil falls as U.S. crude inventories jump unexpectedly

  Oil futures fell more than $2 a barrel on Wednesday after data showed U.S. crude stockpiles jumped last week, compounding worries about a weaker global economic growth outlook.
  2 hours ago — Reuters

• Corrected: Coca-Cola bets on Kobe sports drink in fight with Gatorade (Aug. 14)

  (Corrects paragraph 2 in Aug. 14 story to show Powerade is not ceding market share to Gatorade)
  2.5 hours ago — Reuters
  • Corrected: From blue lipstick to Facebook Live, home shopping networks refine their pitch 2.5 hours ago — Reuters

• Regulatory limbo hits Tencent with first profit fall in nearly 13 years

  Chinese technology giant Tencent Holdings Ltd has "no clarity" on when it may get approval to start charging for its most popular game, it said on Wednesday, after reporting its first quarterly profit fall in nearly 13 years on weak gaming revenue.
  2.5 hours ago — Reuters
  • China's Tencent second-quarter profit falls two percent, first decline in nearly 13 years 2.5 hours ago — Reuters
  • China's Tencent second-quarter profit falls 2 percent, first decline in nearly 13 years 2.5 hours ago — Reuters
  • China's Tencent second-quarter profit falls 2 percent, lags estimates 2.5 hours ago — Reuters

• Hyderabad raise Rs 195 crore via Muni bonds for the second time

  The plan is part of a larger GHMC programme that proposes to provide skyways, conflict free corridors and improve travel time within cities, without traffic jams.
  3 hours ago — Economic Times

• Investors pump ₹10,585 crore into equity mutual funds in July

  Total inflow has reached to over ₹43,300 crore in equities during the current financial year, according to Amfi
  3 hours ago — Live Mint
  • Equity MFs log Rs 10,585 crore inflows in July 3 hours ago — Economic Times

• Turkish lira undershooting fair value: global banking group

  The Turkish lira is significantly below fair value at the moment and should strengthen over the next one to two years as Turkey's economy slows and exports gain strength, improving the country's balance of payments outlook, economists for the Institute of International Finance said on Wednesday.
  3.5 hours ago — Reuters

• ‘Enough forex reserves to meet volatile rupee’

  Union Minister Arun Jaitley said India has sufficient foreign exchange reserves to mitigate any undue volatile in the currency market. His comment com
  3.5 hours ago — The Hindu Business
  • India says forex reserves comfortable to withstand rupee fall 3.5 hours ago — Reuters

• Macy's raises full-year forecast, investors lock gains

  Macy's Inc on Wednesday reported a surprise rise in quarterly same-store sales and raised its full-year forecasts, but its shares fell 9 percent with some analysts attributing the drop to profit taking following the stock's run-up this year.
  3.5 hours ago — Reuters

• Britain's RBS adds dividend appeal, some investors need convincing

  Paying a dividend will broaden interest in Royal Bank of Scotland, but a sudden influx of new shareholders is unlikely given the British government's still dominant stake and as investors wait to ensure it can sustain the payout.
  4 hours ago — Reuters

• ‘Steel sector’s growth trend to continue’

  ‘Auto, construction spurring demand’
  4 hours ago — The Hindu Business

• GMR to raise ₹2,950 cr. via equity, debentures

  First-quarter loss widens to ₹238 crore
  4 hours ago — The Hindu Business

• Corona owner pumps $4 billion more into weed producer Canopy

  Corona beer maker Constellation Brands will invest a further $4 billion in Canada's top cannabis producer Canopy Growth, doubling down on one of a growing number of bets by the alcohol industry in legal pot.
  4 hours ago — Reuters
  • Corona beer maker to invest $4 billion more in weed producer Canopy 4 hours ago — Reuters

• On-ground hurdles could hold up EVs: SmartE CEO

  Registration with RTO a huge challenge: Goldie Srivastava
  4 hours ago — The Hindu Business

• Tea exports to China, Pak. rise

  Overall shipments increased to 112.1 million kg between Jan. and June: Tea Board
  4 hours ago — The Hindu Business

• Resurgent dollar sends commodities and emerging markets reeling again

  The dollar resumed its rise on Wednesday, surging to new 13-month highs and upping pressure on commodities, emerging markets and global stocks, thou
  4 hours ago — The Hindu Business
  • Global Markets: Resurgent dollar sends commodities and emerging markets reeling again 4 hours ago — Reuters

• IDBI Bank may face capital shortfall in FY19 says CEO

  Says strike called by employees totally unacceptable
  4 hours ago — The Hindu Business

• Note-ban, GST hit household savings rate, decline may challenge growth: Rpt

  Since the household sector is the largest contributor to savings, the overall savings rate declined to about 30 per cent in FY17, after remaining well above 32 per cent for many years
  4 hours ago — Business Standard

• Stop misuse of consent route for tax benefit, says SEBI panel

  There have been instances wherein individuals – most recently Anil Ambani – and companies have actually managed to get tax benefits from the income t
  4 hours ago — The Hindu Business

• RBI scrutinising 200 stressed accounts

  Exercise part of regular annual inspection, says official; Videocon, Jindal Steel among those under lens
  4 hours ago — The Hindu Business
  • To tackle NPA problem, RBI puts 200 stressed bank accounts under scanner 4 hours ago — Business Standard

• PM Narendra Modi visits AIIMS to inquire about Vajpayee's health condition

  There was no official update on the BJP stalwart's health condition
  4 hours ago — Business Standard
  • Smriti Irani visits AIIMS to enquire about Atal Bihari Vajpayee's health 4 hours ago — Business Standard

• U.S. industrial output rises modestly, powered by factories

  U.S. industrial production edged higher in July, boosted by higher manufacturing output in a positive sign for economic growth.
  4 hours ago — Reuters

• U.S. retail sales, manufacturing data bolster third-quarter economic outlook

  U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter.
  4.5 hours ago — Reuters
  • U.S. retail sales rise solidly; productivity accelerates 4.5 hours ago — Reuters

• Analysis: New fuel rules push shipowners to go green with LNG

  Tough new rules on marine fuel are forcing shipowners to explore liquefied natural gas as a cleaner alternative and ports such as Gibraltar are preparing to offer upgraded refuelling facilities in the shipping industry's biggest shake-up in decades.
  4.5 hours ago — Reuters

• Kerala rain: Death toll rises to 58, Kochi airport shut; red alert issued

  Red alert was sounded in 11 of the 14 Kerala districts, including Idukki, Kozhikode, Wayanad, Malappuram, Pathanamthitta, Kannur and Ernakulam
  4.5 hours ago — Business Standard

• Why the CEO of Singapore's Sunningdale Tech, Koh Boon Hwee, fired himself

  At Sunningdale Tech, Koh stepped down after four years in charge in 2008
  4.5 hours ago — Business Standard

• Jio starts registration for optical fibre-based broadband service ‘JioGigaFiber’

  After 4G mobile services, Reliance Jio today started registration for optical fibre based fixed-line broadband service through which it has claimed
  5.5 hours ago — The Hindu Business

• Blackstone invests $400 million in HEC Pharm via convertible bonds

  U.S. private equity firm Blackstone Group LP has signed a deal to invest $400 million in Hong Kong-listed YiChang HEC ChangJiang Pharmaceutical Co. via convertible bonds, HEC said Wednesday.
  6 hours ago — Reuters
  • Blackstone may buy stake in Jet Airways loyalty arm: Bloomberg 6 hours ago — Reuters

• Corrected: Musk bid for Tesla - no formal offer, no firm deals with advisers

  Tesla Inc's board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk's potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal.
  6 hours ago — Reuters
  • Musk bid for Tesla: no formal offer, no firm deals with advisers 6 hours ago — Reuters
  • Tesla forms three-member panel to decide on any Musk proposal 6 hours ago — Reuters

• U.S. investor sues AT&T for $224 million over loss of cryptocurrency

  U.S. entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on Wednesday against telecommunications company AT&T, accusing it of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account.
  6.5 hours ago — Reuters

• Telecom Commission to discuss Trai's proposal on spectrum auction on Aug 31

  The source, however, said the latest recommendations of Trai on spectrum auction plan worth Rs 4.9 trillion may not come
  7 hours ago — Business Standard

• Patanjali brings back Kimbho chat with new features, re-launch on Aug 27

  The Haridwar-based firm has now put Kimbho's trail version on Google Play Store for downloads and plans to launch the app officially on August 27
  7 hours ago — Business Standard

• Slowdown in oil imports from China and India drags down demand in Asia

  Traders expect growth to slow further as the Iran sanctions take hold, the trade spat between the United States and China escalates, and as Asia's emerging markets show signs of cooling
  7 hours ago — Business Standard

• UK inflation rises for first time in 2018, seen falling soon

  Britain's inflation rate rose in July for the first time in 2018, keeping the squeeze on many households' budgets, but there were signs that the pick-up was a blip and inflation might fall faster than the Bank of England thinks.
  7.5 hours ago — Reuters
  • UK inflation rises for first time in 2018, London house prices fall 7.5 hours ago — Reuters

• Indonesia hikes rates, plans import curbs to contain currency contagion

  Indonesia's central bank stepped up its battle to defend a beleaguered currency on Wednesday, raising interest rates for the fourth time since mid-May on top of government import curbs as Turkey's financial crisis ripples across emerging markets.
  7.5 hours ago — Reuters

• Rs 900 mn Cosmos Bank fraud: NPCI says its systems 'fully secure'

  The fraudulent transactions were carried out on August 11 and August 13 and the malware attack by the hackers originated in Canada
  7.5 hours ago — Business Standard

• Reliance halts gasoline shipments from Jamnagar site causing fuel margins to spike

  India's Reliance Industries has declared force majeure on gasoline exports from its Jamnagar site, four people familiar with the matter said on Wednesday, causing the profit margin from producing the fuel to jump to its highest since September.
  7.5 hours ago — Reuters
  • Reliance declares force majeure on gasoline from Jamnagar plant: sources 7.5 hours ago — Reuters

• Draft policy expects e-comm platforms, search engines to store data locally

  The draft wants data generated by users in India from various sources including e-commerce platforms, social media, search engines to be stored exclusively in India
  7.5 hours ago — Business Standard

• Bitmain, world’s biggest cryptocurrency mining chips producer, plans $3 billion IPO

  Bitmain’s 32-year-old co-founder Jihan Wu is one of the most powerful players in crypto
  7.5 hours ago — Live Mint

• Oil falls on weaker economic outlook, U.S. stocks rise

  A weakening global economic growth outlook and a report of rising U.S. crude inventories weighed on oil prices on Wednesday, even as U.S. sanctions threatened to curb Iranian crude supplies.
  7.5 hours ago — Reuters
  • Oil falls on U.S. stocks rise, weaker economic outlook 7.5 hours ago — Reuters

• Turkey's doubling tariffs on U.S. products will amount to $533 million, trade minister says

  Turkish trade minister Ruhsar Pekcan says the doubling of customs tarrifs on some imported U.S. products would amount to $533 million, the state run Anadolu news agency reported.
  8 hours ago — Reuters
  • Turkey doubles tariffs on some U.S. imports; lira rallies 8 hours ago — Reuters

• Funding cloud on Modi govt's solar plan for farmers after FinMin red flag

  The Finance Ministry has reportedly asked the Ministry of New and Renewable Energy rework funding plans
  8 hours ago — Business Standard

• Saudi PIF 'may only play a minor part' in Musk's $72-bn Tesla buyout plan

  Those bankers added that although the fund is huge, many of its assets are not liquid and readily available cash is limited
  8 hours ago — Business Standard
  • Analysis: Saudi fund may only play minor part in Elon Musk's $72 billion Tesla plan - bankers 8 hours ago — Reuters

• From blue lipstick to Facebook Live, home shopping networks refine their pitch

  The Home Shopping Network is getting an image makeover.
  8 hours ago — Reuters

• US firms cement their dominance in the top 500 league, Indian tally falls

  The tally of emerging markets, barring China, have gone down, with the number of Indian companies in the top 500 list falling from 13 to 11 between 2008 and 2018
  8.5 hours ago — Business Standard

• Focus: Express Scripts staking out million-dollar gene therapies

  Express Scripts Holding Co built a multi-billion enterprise pressuring drug companies to lower their prices for U.S. patients. Now it is quietly building a side business: getting paid to help drug companies dispense a new generation of high-priced drugs.
  8.5 hours ago — Reuters
  • Focus: Express Scripts staking out million dollar gene therapies 8.5 hours ago — Reuters

• PwC failed to flag BHS risks ahead of retailer's collapse: regulator

  PwC should have flagged significant doubts over the future of BHS in an audit that was completed just days before the loss-making UK retailer was sold for a token one pound in 2015, ahead of its collapse a year later, a regulator said on Wednesday.
  8.5 hours ago — Reuters

• Graphic: Turkey tantrum? Investors fret over contagion from lira plunge

  The plunge in Turkey's lira to a series of record lows over the past week sent tremors through global markets. While the currency has recovered a little lost ground since Tuesday, investors are fretting about contagion via stress on foreign banks and firesales of emerging market assets.
  8.5 hours ago — Reuters

• Flight rights group takes Ryanair to court over strike compensation

  German passenger rights company Flightright is taking Ryanair to court over whether it should pay financial compensation to passengers affected by strikes at Europe's largest low-cost carrier.
  8.5 hours ago — Reuters

• Pay for Britain's top bosses rises 23 percent

  Pay packages for the bosses of Britain’s 100 biggest listed firms rose 23 percent over the past year, fuelled by payouts for the CEOs of house builder Persimmon and industrial firm Melrose Industries, a survey showed on Wednesday.
  9 hours ago — Reuters

• Five 'Crazy Rich Asian' ways to splash your cash in Singapore

  Singapore is the setting for new Hollywood movie 'Crazy Rich Asians' - an adaptation of a best-selling novel that explores the insatiable consumerism of new money and old-world opulence in a continent producing more billionaires than anywhere else.
  9 hours ago — Reuters

• Slowdowns in China and India eat away at Asian oil demand

  Oil demand from Asia's biggest importers, China and India, is growing more slowly than expected, exposing weakness in two of the world's largest economies and eroding a key pillar of global petroleum prices amid trade tensions.
  9 hours ago — Reuters

• Sebi eyes framework for timely disclosure of loan defaults by listed firms

  Tightening of the disclosure norms is aimed at helping banks recognise their stressed assets as non-performing more uniformly and enhance transparency in the securities market
  9.5 hours ago — Business Standard
  • Sebi plans to stipulate framework for timely disclosure of loan default 9.5 hours ago — Economic Times

• China Unicom H1 profit rises 145 percent, beats estimate

  China Unicom Hong Kong on Wednesday reported a 145 percent rise in first-half net profit, helped by mobile revenue growth and cost control.
  9.5 hours ago — Reuters

• Nifty50 to trade in broad range; chase momentum selectively

  Thursday will see the levels of 11,470 and 11,495 playing out as immediate resistance area.
  9.5 hours ago — Economic Times

• Comfortable forex reserves to deal with rupee volatility: Jaitley

  The Indian currency yesterday crashed to a life-time low of 70.09 on concerns over Turkey's economic woes.
  10 hours ago — Economic Times

• India's first all-women SWAT team guards the Red Fort on Independence Day

  The 36-member all-women Special Weapons And Tactics (SWAT) team has been trained by the NSG for anti-terrorism duty under the Delhi Police's Special Cell
  10 hours ago — Business Standard

• GMR Infrastructure Q1 loss widens to Rs 235 crore

  The company had posted a net loss of Rs 136.6 crore in the same quarter last fiscal.
  10 hours ago — Economic Times

• Former Baidu executive Lu to helm Y Combinator's new China unit

  U.S. startup incubator Y Combinator said it is establishing a China unit, its first dedicated overseas office, which will be headed by Baidu Inc's former chief operating officer Qi Lu.
  10.5 hours ago — Reuters

• Turkey doubles tariffs on some U.S. imports; Turkish lira rallies

  Turkey doubled tariffs on some U.S. imports including cars, alcohol and tobacco on Wednesday in retaliation for U.S. moves, but the lira rallied a further six percent after a fresh move by banking authorities to underpin the currency.
  10.5 hours ago — Reuters
  • Turkey raises tariffs on some U.S. imports, including cars, alcohol - Official Gazette 10.5 hours ago — Reuters
  • Turkey doubles tariffs on some U.S. imports over economy 'attacks' 10.5 hours ago — Reuters
  • Turkey raises tariffs on some U.S. imports, including cars, alcohol: Official Gazette 10.5 hours ago — Reuters

• BSE to launch liquidity enhancement plan on single stock options, index options from Sep

  Under the LES, brokers and other market intermediaries are given incentives for a specified period of time to bring in liquidity.
  11 hours ago — Economic Times

• Blackstone may pick stake in Jet Airways' loyalty arm

  Etihad owns 50.1 per cent of the loyalty program, while Jet Airways owns the rest.
  11.5 hours ago — Economic Times
  • Blackstone may buy stake in Jet Airways loyalty arm: Bloomberg 11.5 hours ago — Reuters

• China vows to control debt despite fresh stimulus for cooling economy

  China's state planner pledged on Wednesday to keep debt levels under control even as Beijing rolls out fresh stimulus to support the stumbling economy as a trade war with the U.S. deepens.
  11.5 hours ago — Reuters

• The story behind the making of the first tricolour and the national emblem

  As opposition came to the fore with the assumption that Congress' tricolour flag with Gandhiji's charkha in the middle would be the national flag, Ashoka chakra was put in place of the charkha
  11.5 hours ago — Business Standard

• July sees 11 PE exits worth $376 million: EY

  According to the report, there were eight exits worth $352 million in July last year.
  11.5 hours ago — Economic Times

• Asian stocks hit 1-year low amid Turkey woes, bearish China equities

  MSCI's broadest index of Asia-Pacific shares outside Japan slid more than 1 percent to its lowest since August 2017.
  12 hours ago — Economic Times
  • Global Markets: Asian stocks hit 1-year low amid Turkey woes, bearish China equities 12 hours ago — Reuters

• Kerala rains: Kochi Airport closed; govt cancels official Onam celebrations

  The death toll in Kerala rains has increased to 44 after five people died on Wednesday in building collapse due to rain in different cities
  12 hours ago — Business Standard

• Oil dips on rising US crude inventories, darkening economic outlook

  Front-month Brent crude oil futures were at $72.33 per barrel at 0408 GMT, down by 13 cents.
  12 hours ago — Economic Times
  • Oil dips on rising U.S. crude inventories, dimming economic outlook 12 hours ago — Reuters
  • Oil prices fall on rising U.S. crude inventories, darkening economic outlook 12 hours ago — Reuters

• Warren Buffett's Berkshire boosts Goldman, Teva stakes; buys more Apple

  The changes were disclosed on Tuesday in a filing detailing Berkshire's US-listed holdings.
  12 hours ago — Economic Times

• Rupee@70: Is Indian currency still overvalued?

  Currency experts believe that 70 to a dollar may not be the bottom and the rupee could weaken further in the coming days.
  12.5 hours ago — Economic Times

• IDBI Bank Q1 results show how expensive it is for LIC

  LIC will have to cough up a large sum of capital to keep IDBI Bank alive, given the lender’s Q1 loss and worst bad loan ratio in the banking sector
  12.5 hours ago — Live Mint

• Banks finalising power firms' debt resolution plans

  Lenders are preparing for more than 50% haircut as they race to meet the August-end deadline set by RBI.
  12.5 hours ago — Economic Times

• Q1 results: More turbulence ahead for SpiceJet

  That the September quarter is a lean one for airlines adds to SpiceJet woes, already aggravated by a weak rupee and higher crude oil prices
  12.5 hours ago — Live Mint

• All you should know about the costs of investing in a mutual fund

  From one-time expenses to recurring expenses, being a mutual fund enthusiast, you need to be aware of all the costs involved in mutual fund investment
  12.5 hours ago — Business Standard

• Q1 results: Sun Pharma’s US business peeps out from clouds

  What is surprising is that despite the increase in sales in the US, Sun Pharma’s gross margins have declined both from a year earlier and sequentially
  13 hours ago — Live Mint

• High debt, cash burn could spur telcos to hike tariffs: HDFC Securities

  The Vodafone-Idea combination may pull up the competitive ante as the merger consummates to regain the lost momentum
  13 hours ago — Economic Times

• Independence Day special: What financial freedom means to these 9 people

  On India’s 72nd Independence Day, from millennials to the geriatrics, Mint Money asked people how financial freedom affects their health, wealth and relationships
  13 hours ago — Live Mint

• Bitcoin, Ether prices sink as selloff in crypto-currencies continues

  Bitcoin prices fell below $6,000 while selloff in other crypto-currencies also showed few signs of letting up
  13 hours ago — Live Mint
  • Oil prices fall on rising U.S. crude inventories, darkening economic outlook 13 hours ago — Reuters

• Reliance JioPhone 2 flash sale, GigaFiber registration announced: Know more

  Reliance Jio has announced that the company will host a flash sale of the JioPhone 2 on August 16 at the Jio online portal. The company has also started taking registrations for Jio GigaFiber service
  13 hours ago — Business Standard

• Will Sun Pharma get its mojo back on Dalal Street?

  Encouraging Q1 numbers and clearance for Halol facility by USFDA boost investor confidence.
  13 hours ago — Economic Times

• Trade war still the biggest tail risk: BofAML survey

  Trade war is seen as the biggest tail risk by 57% of the fund managers followed by quantitative tightening.
  13.5 hours ago — Economic Times

• Turkish troubles unlikely to aggravate EM worries

  After initial panic over Turkey’s meltdown eased, investors were seen looking for buying opportunities as EM valuations are cheapest since early 2016.
  13.5 hours ago — Economic Times

• Asian gaming stocks tumble as China halts licence approvals

  Shares of Asian video game companies such as Tencent Holdings, Nexon and Nintendo tumbled on Wednesday due to concerns over delays in new games releases in China, as Beijing halted approvals for game licences.
  14 hours ago — Reuters

• Rupee touches 70 ahead of 72nd Independence Day

  The Indian currency has lost about 8.6% so far this year as the dollar has been climbing.
  14 hours ago — Economic Times

• China's Jiangsu to force steel mills to move to coast in efficiency drive

  China's second-largest steelmaking province, Jiangsu, will require steel mills to move to two new areas on the coast in the next few years, according to a provincial government document, to reduce air pollution and to make the industry more efficient.
  14 hours ago — Reuters

• From healthcare scheme to space mission: Highlights of PM's I-Day speech

  This was Prime Minister Narendra Modi's last Independence Day address before the country goes to the polls in 2019
  14 hours ago — Business Standard

• GST benefits prompt firms to absorb unlisted units

  Companies are of the view that merging subsidiaries will enable them to become more efficient.
  14 hours ago — Economic Times

• Turkey raised tariffs in response to deliberate U.S. attacks on economy: vice president

  Turkey has raised tariffs on some U.S. products under the principle of reciprocity "in response to the U.S. administration's deliberate attacks on our economy", Vice President Fuat Oktay wrote on Twitter on Wednesday.
  14.5 hours ago — Reuters
  • Turkey raises tariffs on some U.S. imports, including cars, alcohol: Official Gazette 14.5 hours ago — Reuters

• A 24x7 market behind tanking rupee

  Offshore bets against rupee transmit to local spot market when an EM currency plunges.
  14.5 hours ago — Economic Times

• Markets to remain shut today on account of Independence Day

  The key equity indices BSE Sensex and NSE Nifty rebounded smartly on Tuesday.
  15 hours ago — Economic Times

• China's new home price growth hits two-year high as small cities boom

  China's new home prices accelerated at their fastest pace in almost two years in July, led by smaller cities and highlighting challenges policymakers face in stimulating a slowing economy without fueling a property bubble.
  15 hours ago — Reuters

• Australian retailer Wesfarmers soars on hopes for swift turnaround

  Australian conglomerate Wesfarmers Ltd posted record earnings in core divisions on Wednesday, sending its shares to an all-time high as investors glimpsed the rapid growth promised by a seismic overhaul of the company's portfolio.
  16 hours ago — Reuters

• How and why to check income tax return (ITR) status

  If you have filed your ITR and verified it, you should periodically check the status of income tax return. You can know if the ITR has been accepted and processed.
  16 hours ago — Live Mint

• Post office savings schemes that offer income tax benefits

  Post offices offer many popular savings schemes including Public Provident Fund Account (PPF), Senior Citizen Savings Scheme (SCSS), National Savings Certificate (NSC), deposit schemes and Sukanya Samriddhi
  16 hours ago — Live Mint

• China to ensure achievement of annual growth target despite trade war - state planner

  China will keep its economic growth within a reasonable range in the second half of the year, and will ensure that its full-year growth target is achieved, the country's state planner said on Wednesday.
  16 hours ago — Reuters

• Independence Day 2018 LIVE: PM announces Pradhan Mantri Jan Arogya Abhiyaan

  This will be Modi's fifth and last Independence Day speech as Prime Minister for the current term
  17.5 hours ago — Business Standard

• China says U.S. solar tariffs violate trade rules, lodges WTO complaint

  A U.S. decision to subsidise its renewable energy companies and impose tariffs on imported products has seriously distorted the global market and harmed China's interests, China's Ministry of Commerce said late on Tuesday.
  18 hours ago — Reuters

• Goldman shareholders can again pursue class action over CDOs

  A federal judge on Tuesday said Goldman Sachs Group Inc shareholders may again pursue class-action claims that the bank concealed conflicts of interest when creating risky subprime securities before the 2008 financial crisis.
  19 hours ago — Reuters

• Soros Fund Management adds popular tech names, BlackRock in second quarter

  Soros Fund Management LLC added Facebook Inc , Apple Inc and Twitter Inc , but trimmed stakes in Alphabet Inc and Amazon.com Inc in the quarter through June, according to a regulatory filing on Tuesday.
  19 hours ago — Reuters

• IT companies see growth deceleration in Europe though US bounces back

  "Companies in the European region are little cautious on outsourcing because of Brexit-related concerns", says Pareekh Jain
  19 hours ago — Business Standard

• Lockheed wins $2.9 billion contract for U.S. missile warning satellites

  Lockheed Martin Corp has been awarded a U.S. Air Force contract worth up to $2.9 billion for three missile warning satellites, the Air Force said on Tuesday.
  20 hours ago — Reuters
  • Lockheed Martin wins $2.9 billion U.S. defence contract: Pentagon 20 hours ago — Reuters

• Analysis: Monsanto Roundup appeal has uphill climb on 'junk science' grounds - legal experts

  Bayer AG unit Monsanto faces long odds on an appeal blaming an "inflamed" jury and "junk science" for a verdict of $289 million in damages to a man who said the company's Roundup weed killer caused his cancer, according to some legal experts.
  21.5 hours ago — Reuters

• Emerging economies face threat of Turkey knock-on effect

  As Turkey's financial markets spiral down, threatening the country's economy, investors are gauging whether emerging markets as an asset class are in danger of falling out of grace. The following selection of data points indicate there is relative weakness in Argentina and South Africa, while Asia and Mexico show strength.
  21.5 hours ago — Reuters

• Global Markets: Shares rebound as Turkish lira pulls out of dive

  World share markets rebounded on Tuesday as Turkey's lira pulled out of a recent nosedive and reassuring data from Germany helped offset the latest softness in China's economy.
  22 hours ago — Reuters
  • Global Markets:Shares rebound as Turkish lira pulls out of dive 22 hours ago — Reuters

• Oil slips as strong dollar pressures, equities gains support

  Oil prices edged lower on Tuesday, weighed down by a strengthening U.S. dollar as investors remained concerned about the financial crisis in Turkey.
  22 hours ago — Reuters
  • Oil slips as strong dollar pressures; equities gains support 22 hours ago — Reuters

• Wall Street gains on upbeat earnings, easing Turkey jitters

  Wall Street's three major indexes rose on Tuesday with the S&P 500 posting its strongest gain in three weeks as a string of healthy earnings boosted investor optimism and a rebound in the Turkish lira eased fears of a broader financial contagion.
  22 hours ago — Reuters
  • Wall Street rises on earnings optimism, lira rebound 22 hours ago — Reuters
  • Wall Street gains as earnings beat; Turkish lira rebounds 22 hours ago — Reuters

• Erdogan says Turkey will boycott U.S. electronics, lira steadies

  President Tayyip Erdogan said on Tuesday that Turkey would boycott electronic products from the United States, retaliating in a row with Washington that helped drive the lira to record lows.
  22.5 hours ago — Reuters

• Royal Bank of Scotland pays $4.9 billion for crisis-era misconduct

  Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. Justice Department said on Tuesday.
  22.5 hours ago — Reuters
  • Royal Bank of Scotland pays $4.9 billion for financial crisis-era misconduct - U.S. Justice Dept 22.5 hours ago — Reuters

• Nasdaq, FINRA to boost reporting fees for dark pool trades

  Nasdaq Inc and a Wall Street watchdog will raise fees for private stock trading platforms, such as "dark pools," that report trade executions to a Nasdaq-run entity, in response to higher operational costs and off-exchange trading volumes, according to a recent regulatory filing.
  23.5 hours ago — Reuters

• Pictorial warning must on 85% space of tobacco packets, says Supreme Court

  A bench comprising Chief Justice of India Dipak Misra and Justice A M Khanwilkar on Tuesday made "absolute" its earlier interim order by which it had stayed the High Court order
  23.5 hours ago — Business Standard

• Govt says no concern over rupee, analysts see no benefit for exports

  Analysts feel that the continuing fall of the rupee may not help exports
  23.5 hours ago — Business Standard

• Gold advances as U.S. dollar backs off from highs

  Gold rose from near 18-month lows on Tuesday, with futures breaking back above the key $1,200 level as the dollar softened and some analysts said the precious metal may have fallen too far.
  23.5 hours ago — Reuters

• U.S. hedge funds bet on retail, tech in second quarter as economy sizzled

  Prominent hedge fund managers appeared to make big second-quarter bets that the U.S. economy would continue to expand despite increasing concerns about a broadening trade dispute between the U.S. and China, regulatory filings showed Tuesday.
  1 day ago — Reuters

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