Business


RCom could shut down mobile operations within a month

Gurdeep Singh , executive director of Reliance Telecom and CEO of the group's wireless business, was quoted in India's Economic Times as saying that the operator had reached a point "where we need to call it a day on our wireless business" and suggested that the operator would reach a decision on this within the next 30 days.


BJP, Congress lock horns over 'De-mon Day' on November 8

BJP, Congress lock horns over 'De-mon Day' on November 8

Instead, 18 lakh people were found to have deposited money disproportionate to their incomes, and were now being held accountable to pay tax. The Congress asked the Centre where had all the black money gone and whether the note ban helped curb fake currency and terror funding, and pushed the digital economy, as claimed by the PM.


Dollar stalls despite upbeat U.S. data, Fed chair talk

Dollar stalls despite upbeat U.S. data, Fed chair talk

The Australian dollar decreased to 0.7775 US dollar from 0.7800 USA dollar. Profit-taking on the greenback occurred even in the wake of surprisingly strong data on durable goods orders and new home sales in September, analysts said. Whether President Donald Trump decides to reappoint Janet Yellen as Fed chair or selects someone else, the central bank will continue to hike interest rates and run down its massive balance sheet, a portfolio manager says.


Celebrations at BSE after Sensex, Nifty close at all time high

Celebrations at BSE after Sensex, Nifty close at all time high

On bank-specific basis, SBI's scrip gained Rs 70.20 or 27.58 per cent to Rs 324.70 per equity share on Wednesday. On the other hand, Kotak Mahindra Bank (3.81%), HDFC Bank (3.28%), Housing Development Finance Corporation (2.25%), Tata Steel (0.28%), Bharti Airtel (0.22%), and Asian Paints (0.21%) were the major losers in the Sensex .



Deutsche Bank agrees to $220m settlement in US Libor probe

Deutsche Bank has agreed to pay $220m (£165m) to settle U.S. regulatory charges that it defrauded government and nonprofit entities by manipulating Libor and other benchmark interest rates. Deutsche Bank, along with more than a dozen other banks, helped set the interest rates for trading of the USA dollar and other currencies. The first settlement – with British bank Barclays – totaled $100 million and occurred in August 2016.



GlaxoSmithKline PLC (GSK) Announces Earnings Results, Misses Estimates By $0.57 EPS

The pharmaceutical company reported $0.25 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.82 by ($0.57), Briefing.com reports. GlaxoSmithKline plc now has a consensus rating of "Hold" and an average target price of GBX 1,676 ($22.12). The company has a 50 day moving average price of $40.52 and a 200 day moving average price of $41.51.