Shares of thyssenKrupp AG were gaining more than 7 percent in the morning trading in Germany after the industrial engineering and steel company Wednesday said it expects a profit in its fiscal 2024 and higher sales. This was despite reporting a loss in fiscal 2023, compared to prior year’s profit, […]

Asian stocks turned in a mixed performance on Wednesday and the dollar steadied near its weakest level in almost three months after the Federal Open Market Committee meeting minutes largely reaffirmed the U.S. central bank’s more cautious stance on interest rates. U.S. Treasury yields edged up slightly as investors pared […]

India’s import of personal computers, including laptops and tablets, shot up in September by 42 per cent to $715 million, reversing a year-long downward trend after the government announced it would impose import restrictions on such electronic hardware items in August. The rise in such imports were led by the […]

Every defaulter is not a wilful defaulter who has the capability of paying back and is yet not servicing the bank loan, observes Tamal Bandyopadhyay. Remember EMI, the 2008 Hindi film directed by Saurabh Kabra? The Sanjay Dutt-starrer, a social comedy, was all about the recovery of bad loans. Banks, […]

The owner of HMV has revealed he was within 12 hours of saving homeware chain Wilko and up to 10,000 jobs. Canadian tycoon Doug Putman claims the rescue was thwarted by a handful of the store’s big suppliers. Wilko collapsed shortly afterwards in August, with 12,500 staff left out of […]

India’s cement demand has consistently shown double-digit growth over the past few quarters, primarily driven by infrastructure spending. However, dealers and industry executives note that state elections, festival season, and, in some markets, weddings and pollution may temporarily disrupt this demand story. While the festival season typically sees a slowdown […]

Where Hamleys leads, toy lovers follow and this year’s top picks from the iconic retailer promise endless fun and education too. The line-up, from £18, includes predicted best-seller, LOL Magic Flyers, a new innovative take on the ever-popular LOL doll, closely followed by perennial favourite Barbie. For imaginative early years play there is Disney […]

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits climbed by much more than expected in the week ended November 11th. The Labor Department said initial jobless claims rose to 231,000, an increase of 13,000 from the previous week’s revised level of 218,000. […]

Corporate earnings got a big boost from the fall in commodity and energy prices in July-September 2023 (Q2FY24) despite a slowdown in revenue growth during the quarter. The combined net profits of 3,123 firms that have declared their results so far were up 38 per cent year-on-year (Y-o-Y) to Rs […]

Equity markets rallied after softer-than-expected inflation data in the US and UK rekindled hopes of the end of the rate-hiking cycle by major central banks. The soft inflation reading drove down bond yields and the US dollar, whetting the appetite for risky assets. The 10-year US bond yield fell below […]