Wall St falls on China worries, steep drop in oil

Traders work on the floor of the New York Stock Exchange January 5, 2016. REUTERS/BRENDAN MCDERMID U.S. stocks fell on Wednesday as fresh concerns over the impact of a slowdown in China on the global economy, a sharp fall in oil prices and heightened geopolitical concerns sent investors scurrying to safe havens. The year got off to a shaky start ... Read More »

World stocks off on China, North Korea worries; oil slumps

A specialist trader works at his post on the floor of the New York Stock Exchange in New York, January 6, 2016. REUTERS/BRENDAN MCDERMID Stocks across the world fell for a fifth consecutive day on Wednesday as China fuelled fears about its economy by allowing the yuan to weaken further and a nuclear test by North Korea added to a ... Read More »

Chinese stocks: canary or elephant for world markets this year?

An investor stands in front of an electronic board showing stock information at a brokerage house in Fuyang, Anhui province, China, January 6, 2016. REUTERS/STRINGER Canary in the coal mine or elephant in the room? For investors, either idiom could apply to Chinese stocks in what is already shaping up to be a rocky ride for global markets this year. ... Read More »

India services PMI hits 10-month high in December

An employee sets a table inside a restaurant at the Crown Plaza hotel, run by the InterContinental Hotels Group (IHG), in New Delhi January 31, 2014. REUTERS/ANINDITO MUKHERJEE/FILES Growth in India’s services firms rose at its fastest pace in 10 months in December as demand picked up, a business survey showed on Wednesday. The Nikkei/Markit Services Purchasing Managers’ Index surged ... Read More »

India’s coal imports fall for sixth straight month in December

Workers unload coal from a supply truck at a yard on the outskirts of Ahmedabad April 15, 2015. REUTERS/AMIT DAVE/FILES India’s coal imports fell for a sixth month in December, a government official said Wednesday, as the world’s third-biggest buyer of the fuel expands domestic mines to boost output and expand power generation. India shipped in 12.35 million tonnes of ... Read More »

Sensex extends losses for third session, closes at three-week low

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, August 24, 2015. REUTERS/DANISH SIDDIQUI/FILES The BSE Sensex closed at its lowest level in three weeks as worries over a weak Chinese yuan and escalating geo-political tensions in Asia after North Korea said it tested a hydrogen bomb weighed on markets. The broader ... Read More »

Indian refiners need to invest $4.5 billion to produce Euro VI fuel by 2020 – Nitin Gadkari

A vehicle waits to be filled up with diesel at a petrol station in New Delhi, India, January 5, 2016. REUTERS/ANINDITO MUKHERJEE Indian refiners need to invest 300 billion rupees ($4.5 billion) to produce Euro VI complaint fuel, Road Transport Minister Nitin Gadkari said on Wednesday. India has advanced the date for country-wide implementation of Euro VI compliant fuels by ... Read More »

Barclays Plans to Shut India Equities Business: Report

Barclays Plc plans to shut its India equities business as part of the British bank’s efforts to slash costs and boost profit, two sources with direct knowledge of the development said on Monday. Barclays equities business in India, which was rolled out in 2011, includes research and broking services for institutional investors, and it employs about two dozen people, the ... Read More »

VLCC Gets Sebi Nod for Rs 400 Crore IPO

The Securities and Exchange Board of India (Sebi) has given clearance to beauty and wellness firm VLCC Health Care to raise at least Rs 400 crore through IPO to fund its expansion in domestic as well as international markets. The firm, which had filed draft red herring prospectus (DRHP) with capital market regulator Sebi on September 23, seeking permission for an IPO, obtained clearance from ... Read More »

Wipro Names Neemuchwala as New CEO

Wipro Ltd has named Abidali Neemuchwala as its new chief executive, as India’s third-largest software services exporter looks to regain market share from larger local outsourcing competitors. Mr Neemuchwala, who joined Wipro as group president and chief operating officer from rival Tata Consultancy Services Ltd in April last year, will start in his new role from February 1, the software ... Read More »