For the seventh quarter in a row Facebook beat profit and revenue forecasts, continuing to win more mobile advertising revenue as most users shift to using the site on smartphones and other portable devices.
Finland's Nokia on Thursday reported stronger-than-expected quarterly profits for its core network equipment business on the back of network roll-outs for faster 4G mobile services in North America.
After a brief pause, stocks continued their upward march on Thursday with benchmark Sensex rising 122.59 points to new closing peak of 29,681.77 and Nifty index gaining 38.05 points to 8,952.35 on fag-end buying in select bluechips amid expiry of monthly equity derivatives.
The rupee fell by seven paise to 61.48 against the dollar in early trade on Thursday at the Interbank Foreign Exchange due to appreciation of the Greenback against other currencies overseas.
The government will sell 10% stake, or 631.7 million shares, in Coal India Ltd (CIL) through an offer for sale (OFS) on Friday, which is likely to generate more than Rs. 24,000 crore at an estimated price of Rs. 375-385 per share.
President Barack Obama's visit to India has helped forge a new commercial relationship between India and the US, said finance minister Arun Jaitley on Wednesday.
McDonald's CEO Don Thompson is stepping down as the world's biggest hamburger chain fights to hold onto customers and transform its image.
In a move that will likely soothe investors’ frayed nerves, the government on Wednesday decided not to appeal a Bombay High Court ruling in favour of Vodafone in a Rs. 3,200-crore tax dispute over a share transaction involving a local subsidiary.
Apple made more money in the last quarter than ever before, by selling more of its costliest iPhones ever. And it’s not about to ease up — Apple Watch is shipping out in April.
Govt may announce cut in petrol prices soon
The Cabinet on Wednesday approved a reserve price of Rs. 3,705 crore per megahertz (MHz) for third generation (3G) spectrum auction due March 4 next, communications and IT minister Ravi Shankar Prasad said.
Lending under Jan Dhan capped at Rs 5K
Snapping its bull-run for eight consecutive sessions, the benchmark BSE Sensex fell over 58 points in early trade Wednesday as participants locked-in gains at current levels amid a weak trend overseas. Besides, profit-booking in stocks of realty, auto, metal, banking, capital goods and oil & gas sectors, negatively impacted trading sentiments.
The rupee fell by 10 paise to 61.51 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange market due to appreciation of the US currency overseas.
The government has chosen the Ordinance route to put into force several legislative Bills over the past months. Many of these are expected to be tabled in Parliament in the upcoming budget session. HT explains four of them