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Mon, Oct 15 2018. 08 30 PM IST
Can Infosys cheer investors before the Diwali festival next month? We highlight five things to watch for in Infosys’s second quarter results that will be declared Tuesday. Infosys is estimated to post sequential dollar revenue growth of 2.4% in the July-September period, according to some analysts.
Thu, Oct 11 2018. 04 25 PM IST
Indian rupee hit an all-time low of 74.45 against the US dollar on Thursday. Market expert Sunil Shah reacted on the same and said that Dollar is getting stronger than other currencies instead of rupee becoming weaker. Traders are cautious ahead of retail inflation and Index of Industrial Production data due on Friday. According to Bloomberg analyst poll, CPI will be at 4% for September month from 3.69% a month ago. IIP will be at 3.9% for August versus 6.6% last month.
Mon, Sep 10 2018. 12 40 PM IST
The days of explosive growth in the blockchain industry have likely come and gone now the average person is aware of its existence, according to Vitalik Buterin, co-founder of Ethereum. Bloomberg’s Eric Lam reports on “Bloomberg Markets: Asia.”
Mon, Sep 10 2018. 12 36 PM IST
Jack Ma is going to step down as Alibaba chairman one year from today, going to be replaced by Daniel Zhang. Ma told Bloomberg last week he was looking at a change of life. Ma will officially pass the baton on his 55th birthday next year but remain on the board until 2020. The former English schoolteacher now intends to focus on philanthropy and education but also pursue “new dreams.” he said in a statement Monday. Bloomberg’s Lulu Chen reports on “Bloomberg Markets: China Open.
Wed, Sep 05 2018. 03 06 PM IST
Amazon on Tuesday became the second American company to cross $ 1 trillion in stock market valuation. The Jeff Bezos-founded company and Apple now make up more than 8% of the entire value of the S&P 500, said Howard Silverblatt, Senior Index Analyst for S&P
Mon, Sep 03 2018. 11 43 AM IST
South Korean President Moon Jae-in will send both his national security adviser and top spy as special envoys on a one-day mission to Pyongyang Wednesday ahead of a possible inter-Korean summit this month. Bloomberg’s Jihye Lee reports “Bloomberg Daybreak: Asia.”
Wed, Aug 15 2018. 12 56 PM IST
In his last Independence Day address ahead of the next Lok Sabha elections, Prime Minister Narendra Modi spoke at length about the progress India has made under his government and asserted that its rise is being hailed by the world.
Mon, Aug 13 2018. 04 22 PM IST
Losing your money is one of the worst moments of your life. Losing it to a bad investment decision is even worse. While there is a lot of buzz around mutual fund returns right now, are they really safe? Nidhi Sinha talks with Monika Halan in the 3rd episode of Mutual Funds with Monika to find out.
Thu, Aug 09 2018. 04 56 PM IST
Ikea CEO Jesper Brodin promised Wednesday to meet the “needs, frustrations and dreams” of local consumers with the Swedish firm’s first Indian store, its second attempt to break into a vast but difficult market. Ikea, whose founder Ingvar Kamprad died in January, is present in 49 countries. But its previous attempt in 2006 at reaching India’s burgeoning middle class fell foul of local regulations. This time around, Ikea expects to attract seven million visitors per year to its 13-acre Hyderabad site, the first of 25 outlets it hopes to open across the country of 1.25 billion by 2025. But Brodin admitted having to give Ikea’s business model a local twist of Indian spice to try to attract a vast middle class not used to a company which expects them to assemble products themselves.
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