Tag Archives: raises

Share market update: Tyre stocks up after govt raises import tariffs

The rollover of positions on the last day of September futures and options contracts, too, made market wobbly. NEW DELHI: Shares of JK Tyre, Ceat and Apollo Tyres jumped between 3.40 per cent and 12 per cent in Thursday’s session. Tyre stocks jumped after the government raised import tariffs on 19 “non-essential items”, including radial car tyres. The move is ... Read More »

ISAI raises $175 million fund to help French entrepreneurs scale up

Image Credit: Reuters VB Recommendations Google doesn’t dispute claims that third-party developers may read your Gmail messages Upcoming Events Transform: The AI event of the year for growth marketers. Aug. 21 – 22 VB Summit: The best in AI. An invite-only executive event. Oct. 22 – 23 Paris-based venture capital fund ISAI today announced it has closed a later-stage fund of $175 million to ... Read More »

Rupee falls 14 paise to 64.52 as RBI keeps rates unchanged, raises inflation forecast

The rupee weakened further by 14 paise to close at 64.52 against the US dollar after the Reserve Bank decided to keep rates unchanged and raised the inflation forecast on Wednesday. Besides, heavy capital outflows in anticipation of rate hike by the US Federal Reserve and a strong dollar overseas largely ruled forex market sentiments. Though the RBI’s policy outcome ... Read More »

Yes Bank raises $400 million loans from Japan, Taiwan

Midsize private sector lender Yes Bank has raised $400 million in syndicated loans from lenders in Taiwan and Japan for on-lending to clients. It exercised a greenshoe option to raise $250 million in a five year commercial loan from 17 Taiwanese banks, a statement said. In Japan, it raised JPY 16.5 billion or $150 million from eight lenders in a ... Read More »

Delhi Metro Raises Fares; Minimum To Be Rs. 10

New Delhi: Come Wednesday, commuters will have to shell out more for travelling on the Delhi Metro, with the authorities announcing a fare hike today. The new minimum fare will be up from Rs. 8 to Rs. 10 while the maximum would be Rs. 50, a Metro spokesperson said. This arrangement will be in place till September. From October, the ... Read More »

US raises key interest rate by 0.25% on strengthening economy

The US Federal Reserve has raised its benchmark interest rate by 0.25%, only the second increase in a decade. The central bank voted unanimously to raise the key rate to a range of 0.5% to 0.75%, citing a stronger economic growth and rising employment. But the central bank said it expected the economy to need only “gradual” increases in the ... Read More »

Tesco cyber-raid raises serious questions over UK banks’ security

The texts began arriving on customers’ phones over the weekend: Tesco Bank had spotted unusual activity on a significant number of current accounts, and was getting in touch with customers to alert them. But that wasn’t enough to prevent £2.5m being siphoned out of about 9,000 accounts, and transferred to criminals whose identities and locations remain a mystery. The damage ... Read More »

Home Depot raises forecasts after strong start to the year

Home Depot Inc (HD.N) boosted its sales and profit forecasts for the year after a stronger-than-expected first quarter, providing a rare dose of good news to a gloomy retail sector. The world’s biggest home improvement chain has benefited as consumers cut back spending on items such as apparel and accessories and instead spend more on big-ticket purchases such as houses ... Read More »

Wall Street slips as solid data raises prospect of rate hike

Wall Street opened lower on Tuesday as data showed U.S. consumer prices recorded their biggest increase in more than three years in April, raising the chances of an interest rate hike this year. The Labor Department said the Consumer Price Index increased 0.4 percent last month, the largest gain since February 2013, after rising 0.1 percent in March. That took ... Read More »

Adidas raises 2016 guidance after first-quarter earnings jump

German sporting goods group Adidas (ADSGn.DE) hiked its guidance for 2016 sales and earnings a second time as it reported a 38 percent jump in quarterly underlying profit, citing strong brand momentum. Adidas said on Wednesday it now expected its 2016 currency-adjusted sales to grow by about 15 percent, compared with a previous forecast for a rise of 10 to ... Read More »