Hewlett-Packard’s plans to unload its personalcomputer business, the world’s biggest, may attract China’s Lenovo Group and South Korea’s Samsung Electronics as suitors, analysts said.Lenovo,theChinesecompany that bought International Business Machines Corp’s PCbusinessin 2005,wouldbe a leading candidate, analysts at technology research firms Ovum and IDC said. Samsung may alsobeinterestedbecause the purchase may complement its geographic and [...]
Mumbai: Fears of another recession in theUS is pushing investors to factor in the worst-case-scenario for Indian software stocks, leading to heavy selling in these counters over the last few weeks. As a result, several leading IT stocks are now trading aroundtheir two-year lowlevels. And with the US and the European economies unlikely to turn [...]
Mumbai: Fears of another global economic slowdown led to a fresh round of selloffs in all major markets, including a 328-point fall in the sensex on Friday. At the same time, investors flocked to safer havens, thereby pushing gold prices to yet another record high. For the sensex, down for the fourth consecutive week, this [...]
Companies change the way they calculate the value of gold, leading to a lower loan-to-value for customers. Customers seeking a loan against gold jewellery will not get the benefit of the recent surge in gold prices. In fact, they may now have to settle for an amount less than they could perhaps have got about [...]
The Sensex has ended at 16,854 – up 123 points. Nifty ends at 5,063 – up 21 points at 5,056. Markets turned choppy in afternoon trades with the Sensex erasing all the morning gains. The index after touching the 17,000 mark, touched a low of 16,708 on selling pressure in realty stocks. However, the index [...]
Private telecom service provider Idea Cellular today said Axiata Investments 2 (India) Ltd has hiked its stake in the company to 5.91% by acquiring additional shares worth Rs 306.69 crore through open market transactions. Axiata Investments 2 (India) Ltd has acquired 2,97,76,341 shares, or 0.9%, of Idea Cellular at Rs 103 apiece, aggregating to Rs [...]
Mumbai: ATM skimming, a sophisticated fraud involving capture of card information as well as the user’s PIN, has landed up on Indian shores. The new fraud is prompting banks to relook at old machines and step up registration of mobile numbers of customers for alerts. Officials who are part of the ATM industry say that [...]
Mumbai/Kolkata: Emami-backed AMRI put in a revised bid of over Rs 600 crore to acquire Ahmedabadbased Sterling Hospitals after being challenged by private equity biggies, including Malaysia’s sovereign wealth fund Khazanah, said sources directly briefed on the matter. Khazanah controls Singapore’s Parkway Holdings and also holds minority shares in India’s largest private healthcare group Apollo [...]
Mumbai: The government has suspended New India Assurance chairman M Ramadoss for alleged irregularities in a credit insurance cover to Paramount Airways. The cover was granted to Paramount Airways in 2009 by Oriental Insurance Company, which was then headed by Ramadoss. This is the first time that the chairman of an insurance company has been [...]
Last week, the Sensex touched a low of 16,420, down nearly 900 points for the week. A higher opening of stock markets across Asia and Europe suggest that equity markets in India, too, would open on a positive note tomorrow. There could be a small rally, as markets looked oversold. Most benchmark stock indices in [...]