“I had invested in Reliance Infrastructure, as you know, because it is on public domain. But now I am thinking that maybe that call was wrong. Maybe while I am talking to you as of now, I am thinking maybe that call was wrong. So, it is okay. We will see to it,” says Vijay … Read more
In January, BT somehow managed to convince my 75-year-old mother that it would be a good idea for her to switch her landline over to its new Digital Voice service. As far as I can see, she has been overcharged ever since. And then it got worse. After an engineer’s visit a week ago, she … Read more
The shares of Varyaa Creations debuted with a premium of 90% on the BSE SME platform. The stock was listed at Rs 285 as against an issue price of Rs 135. Ahead of the debut, the company’s shares had no GMP in the unlisted market. The IPO, which was completely a fresh equity issue of … Read more
Introduction: It’s eurozone GDP (and inflation) Day Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The eurozone economy is in the spotlight today with new growth figures, and inflation data, being released across the single currency bloc. Having been held back by high interest rates, and … Read more
Brokerage firm Jefferies has a hold rating on Trent, Goldman Sachs maintained a sell rating on PNB Housing, JPMorgan has a neutral stance on KPIT Technologies, and BofA Securities maintained a buy call on UltraTech Cement. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Trent: … Read more
Kolkata: The harsh summer and heatwave conditions have come as a blessing to the country’s rabi paddy crop, which is being harvested now. Crop quality has improved as the moisture content has gone down naturally, and traders can store the grains longer.As a result, the price of rabi rice, which started to arrive in the … Read more
McDonald’s french fries Picture Alliance | Picture Alliance | Getty Images McDonald’s is expected to report its first-quarter earnings before the bell on Tuesday. Here’s what Wall Street analysts surveyed by LSEG are expecting: Earnings per share: $2.72 expected Revenue: $6.16 billion expected The fast-food giant reported disappointing fourth-quarter sales. Boycotts after its Israeli licensee … Read more
At a time when overseas capital flows have been firm, foreign lenders have requested the banking regulator for flexibility in compliance with the central bank’s Large Exposures Framework (LEF), particularly in handling certain types of accounts that facilitate global transactions. Banks have requested the Reserve Bank of India (RBI) to consider excluding Nostro accounts from … Read more
(NewsNation) — Popular fast food chains in California have gotten pricier since the state raised the minimum wage earlier this month. Fast-food workers now make at least $20 an hour after a new law took effect in April, which has led to some chains raising menu prices by as much as 8%. Fast-food prices surged … Read more
Asian stocks inched higher on Tuesday as investors awaited a slew of economic data, corporate earnings and the U.S. Federal Reserve’s policy meeting, while the yen was slightly weaker a day after suspected intervention rescued it from 34-year lows. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.36% higher, set to clock in a … Read more
