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Australia shares post biggest gain in a year on upbeat Fed

* Shares bounces in relief rally (Adds analysis, quotes, stocks on the move)

7:40am IST

Indonesia's Bakrie Telecom to own 6 pct of peer Smartfren - filing

JAKARTA, Dec 18 - Indonesian telecommunications firm PT Bakrie Telecom Tbk said it will gain a 6 percent stake in peer PT Smartfren Telecom Tbk as part of a network merger deal.

7:18am IST

Imperial Oil exploration plans in Arctic have not changed-spokesman

CALGARY, Alberta, Dec 17 - Imperial Oil Ltd's plans to drill for oil in the Beaufort Sea in Canada's Arctic have not changed despite the recent slide in oil prices, spokesman Pius Rolheiser said on Wednesday.

3:22am IST

UPDATE 2-Czech O2 shareholders approve $1.1 bln loan to majority owner PPF

PRAGUE, Dec 17 - Shareholders in O2 Czech Republic on Wednesday approved extending a loan of up to 24.8 billion crowns ($1.1 billion) to the telecom company's majority owner PPF, the investment group of the wealthiest Czech, Petr Kellner.

3:02am IST

IBM says cloud business enjoying "breakthrough year"

LONDON, Dec 17 - IBM aims to expand the number of data centres it offers clients around the world by 25 percent to meet fast-rising demand for internet-based services, after what a company executive said has been a "breakthrough year" in 2014 for its cloud computing business.

2:30am IST
BSE OIL & GAS +0.60%
BSE BANKEX +1.78%
BSE-IT +0.60%
BSE METALS +1.59%
BSE REALTY +1.70%
BSE AUTO +1.04%
BSE POWER +2.11%
BSE-FMCG +0.91%
BSE-CG +1.75%
BSE-HC +1.01%

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BSE Sensex rises on tax reform hopes, global rally

Reuters Market Eye - The BSE Sensex and Nifty rose on Thursday, helped by the cabinet’s approval of a bill on a nationwide goods and services tax (GST) and tracking a rally in Asian peers.