News

After-hours buzz: Pep Boys, Fitbit, Kohl’s & more

  Check out the companies making headlines after the bell Monday: Pep Boys stock soared in extended-hours trading. This move came on the heels of activist investor Carl Icahn’s increased bid against competing tire company Bridgestone to acquire Pep Boys. Icahn is the second-largest shareholder with more than 11 percent of the auto parts company. Rambus shares also climbed higher ... Read More »

Why Apple could be set for a great 2016

Apple’s stock is on track to see negative annual returns for the first time in seven years, extending losses even further on Monday. But the shaky performance isn’t a problem for some market watchers, who say that the popular stock won’t stay down for long. One common concern among investors has been slowing sales and shipments in its flagship product, ... Read More »

Education, health costs rose more than retail inflation, says Assocham

Costs of education and health services have risen much higher than the retail, or consumer price indexed (CPI) inflation for September, the Associated Chambers of Commerce and Industry of India (Assocham) said on Sunday. “With severe shortages of education and health facilities in the public sector, the middle class has to depend on private sector schools, colleges and hospitals and ... Read More »

Gold monetisation scheme to be launched soon, says PM Narendra Modi

“Gold can be converted from dead money to an economic force. To leave gold lying as dead money is behaviour not in sync with the modern times,” he said. Noting that accumulating gold as a form of economic security is deeply rooted in India’s social tradition, Modi exhorted people to help convert gold to the nation’s economic strength by joining ... Read More »

Cement prices continue to soften

The economy may be showing signs of recovery, but none of it is percolating down to the cement industry yet. Prices continue to soften, pointing to weak demand. A survey of cement dealers by Karvy Stock Broking Ltd found average cement prices fell from Rs.316 a bag (a bag equals 50kg) in September to Rs.300 last month. A similar survey ... Read More »

Mandating CSR spends are “like a tax”:Ratan Tata

Mumbai: Mandatory corporate social responsibility (CSR) spends for companies are “like a tax” and government needs to help identify beneficiaries, Tata Group chairman emeritus Ratan Tata said on Sunday, adding that philanthropy is an act which comes from within. “Philanthropy or giving is something that comes within you and you obviously create another motivation when you mandate that you will ... Read More »

Siemens: decent show, fancy valuations

Siemens Ltd posted a dull performance for the September quarter, with the operating performance falling short of the Street’s forecast. At 8.6%, the company’s operating margin was only a tad higher than a year ago, and significantly lower than the Bloomberg consensus estimate of 9.8%. Higher other expenses offset the reduction in raw material costs that benefited firms in the ... Read More »

Advanta merger to weigh on UPL earnings in the near term

Crop protection, chemicals and seeds company UPL Ltd is paying premium valuations to merge its group firm Advanta Ltd with itself. Upon merger, the company will issue one equity share for every share of Advanta. Over and above this, the resident (Indian) Advanta shareholders will receive three optionally convertible preference shares with an annual dividend of 5%. Advanta shareholders can ... Read More »

Social stars, celebrity brands

Click on graphic Social media is increasingly being used as a platform for brand promotions, especially by celebrity endorsers. Some stars have used it to pitch their films and even built themselves an online persona to match the characters they play on screen and the brands they back. The growing popularity of the medium has led to companies actively tracking ... Read More »

Challenging the Challenger

The Rs 1,20,000 crore (US$ 20 billion) mobile handsets industry in India has witnessed some fierce battles for market share and visibility in the past five years; the latest in the list of high profile head-to-heads is that between two home-grown vendors – Micromax and Intex. While, Micromax has been comfortably ensconced at the number two position in the mobile ... Read More »