Tencent shares slide after revenue miss and margin warning

Mar 22 2018 | 8 hrs ago

Tencent lost almost $20 bn from its market valueafter the Chinese internet giant missed quarterly revenue estimates and warned that planned investments may hurt margins.

Oil approaches six-week highs as concern grows over Middle East

Mar 21 2018

Oil neared its highest in six weeks after a surprise decline in U.S. inventories and as concern persisted over possible disruption to Middle East supply.

No strong disagreement with judiciary over judges appointment: Govt

Mar 21 2018

There is no strong disagreement between the executive and the judiciary over appointment of judges, and any "difference of opinion" between the two is mutually settled.

VW's Skoda seeks agreement with unions, proposing 8.3% wage hike

Mar 21 2018

Management at Skoda Auto hopes it can reach an agreement on wages and shift work with unions and has proposed an 8.3 percent hike in wage tariffs from April.

Apple nearly doubles self-driving fleet in California

Mar 21 2018

Apple has expanded its self-driving car programme rapidly and now has 45 autonomous vehicles registered with California's Department of Motor Vehicles.

Travel, tourism created 25.9 mn jobs in India in 2017: Report

Mar 21 2018

The travel and tourism sectors together generated 25.9 million jobs in 2017, contributing $75.8 billion to the country's Gross Domestic Product (GDP) in the same year.

Gold gains on dollar decline as market awaits Fed rate outlook

Mar 21 2018

Gold prices rose as the dollar fell as investors await the outcome of Fed Reserve’s meeting this week, which could limit the demand for bullion going forward.

BlackBerry's shares rise after software security pact with Micros

Mar 20 2018

BlackBerry shares rose nearly 6% in premarket trading after company said it would partner with Microsoft to provide security for flagship Office apps used by businesses.

Maersk says CFO quits after organisational changes

Mar 20 2018

AP Moller-Maersksaid its chief financial officer has decided to leave the company after only 16 months in the role.

Micromax invests in AI based startup One Labs

Mar 19 2018

Micromax said it has invested in a consumer technology and AI based startup 'One Labs', which has developed chat bot like Apple's Siri and Google Assistant.

Indian Markets


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Global Markets


Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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