Tag Archives: posts

Jet Airways climbs 7% on bank-led provisional resolution plan, posts loss in Q3

Jet Airways shares rallied 7.5 percent in morning on Friday after board approval for bank-led provisional resolution plan. The stock was quoting at Rs 238.40, up Rs 12.60, or 5.58 percent on the BSE, at 09:57 hours IST. “The bank led provisional resolution plan proposes restructuring under the provisions of the ‘RBI Circular’ in order to meet a funding gap ... Read More »

Bank of India posts ₹1,156 crore loss in Q2 on surging NPAs

Bank of India (BoI) on Monday reported losses of ₹1,156.25 crore for the September quarter as bad loans continued to mount and provisions soared. The bank was expecting to recover ₹1,800 crore from the NCLT (National Company Law Tribunal) accounts this quarter, but the resolution process was delayed. The bank had reported profit of ₹179.07 crore in the year-ago period. ... Read More »

China posts worst export fall since 2009 as fears of U.S. trade war loom

China’s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017. In one week, China’s leaders will see if President-elect Donald Trump makes good on a campaign ... Read More »

Netflix shares soar as video service posts jump in subscribers

Netflix has shaken off growth worries with new subscriber numbers that beat estimates and sent its shares soaring. The video streaming company added 3.2 million international customers in the last three months, far more than the 2 million analysts had predicted. In the US numbers rose by 370,000, as hit shows such as Stranger Things and Narcos won over more ... Read More »

RBS posts £2bn half-year loss and drops Williams & Glyn flotation

Royal Bank of Scotland has slumped to a £2bn half-year loss after taking a fresh hit for legal disputes, as it admitted costs will have to be cut to tackle the economic impact of the Brexit vote and the dwindling popularity of high street branches. The bank, which is 73% owned by the taxpayer and is on track for its ... Read More »

Yen posts biggest weekly gain since 2008, stocks slip

The yen hit an 18-month high on Friday as investors bet the Bank of Japan might be done adding stimulus to the economy, while stocks in Europe and on Wall Street headed lower as earnings disappointed. Major European stock indexes closed down more than 2 percent, but U.S. equities pared some losses by the close after being down as much ... Read More »

Sensex recaptures 25,000, posts fourth weekly gain

The main Sensex losers were Jindal Steel, down 5.07 percent at Rs 377.50; BHEL, down 3.01 percent at Rs 224.20 MUMBAI: : The truncated week saw the market enduring anxiety of deadly terrorist attack in Brussels, while extending gains for the fourth week in a row, as the benchmark Sensex clinched 384.82 points to finish at 25,337.56 and the broader ... Read More »

Amazon posts VR job on Glassdoor

SAN FRANCISCO – Amazon is tossing its oversized hat in the virtual reality ring, joining content-producing rivals Hulu and Netflix in a quest to woo consumers with what promises to be the next great tech trend. In a posting on the job networking and employer assessment site Glassdoor, Amazon is recruiting for a senior development manager for its VR program ... Read More »