Money News Headlines

Sensex jumps 351 points, snaps 3-day losing streak

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MUMBAI - The BSE Sensex rose more than 1.5 percent on Thursday to snap a three-day losing streak as lenders such as ICICI Bank surged on value buying, earnings expectations and hopes of gains in bond portfolios after the central bank's biggest debt auction.

5:17pm IST

Wipro Q4 net profit beats estimates, rises 29 percent

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REUTERS - Wipro Ltd posted a 29 percent rise in its fourth-quarter net profit, beating expectations, helped by increased IT spending by its customers.

5:44pm IST

Rupee snaps three-day fall; share gains help

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MUMBAI - The rupee recovered in late trade on Thursday, boosted by gains in the domestic sharemarket while some dealers also cited dollar selling by large state-run banks which could be on behalf of the central bank.

9:04pm IST

S&P: India ratings to depend on next govt's policies

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MUMBAI - Standard and Poor's may upgrade India's outlook if the government that is elected next month addresses some of the country's fiscal and economic challenges through steps such as passing a goods and services tax.

Business, Economy 8:56pm IST

Reliance Industries, HPCL Mittal plan refinery expansions

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NEW DELHI - Reliance Industries , owner of the world's biggest refining complex, and HPCL-Mittal Energy Ltd (HMEL), part owned by steel tycoon L N Mittal, have sought environment ministry approval for raising capacity of their plants.

8:57pm IST

Piramal to buy 20 percent stake in Shriram Capital for $334 million

MUMBAI - Piramal Enterprises Ltd said it agreed to buy a 20 percent stake in unlisted Shriram Capital Ltd for 20.14 billion rupees ($334 million), increasing its foothold in the financial services sector.

Business, Money Home, Money, Deals 12:14pm IST

U.S. jobless claims hover near pre-recession levels

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WASHINGTON - New applications for unemployment benefits held near their pre-recession levels last week, offering further evidence of the economy's underlying strength.

Business, Economy 7:34pm IST

Wall St little changed amid earnings flurry

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NEW YORK - U.S. stocks were little changed in choppy trading on Thursday following three days of gains, as underwhelming results from tech giants Google and IBM were offset by upbeat quarterly numbers including those from Morgan Stanley and General Electric.

8:51pm IST

A star abroad, RBI boss riles bond traders at home

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MUMBAI - Since taking the helm of the Reserve Bank of India, Raghuram Rajan's agenda to reform markets has put the noses of Mumbai bond traders firmly out of joint by upending practices that provided them with a relatively secure rate of return.

U.S. calls for more investment-friendly Indian government

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WASHINGTON - The United States on Wednesday urged the Indian government that emerges from ongoing elections to follow economic policies that encourage investment, saying Washington would like to see bilateral trade grow to $500 billion a year.

Top News, Business 5:37am IST