Indian software service group Infosys is bracing for pressure on its US business from anti-immigrant policies by US President-elect Donald Trump, who has identified clamping down on immigration as one of his three top priorities. Margins might be impacted in the near-term, Chief Executive Vishal Sikka said, addin ...Read More..
Volkswagen and its powerful labor unions have agreed a turnaround plan involving 30,000 job cuts by 2021 at its core brand to boost profitability and fund a post-diesel gate shift to electric and self-drive cars, a source told Reuters on Friday.
The agreement foresees 3.7 billion euros (USD 3.9 billion) in savings at ...Read More..
The Reserve Bank is likely to go for a 25 bps rate cut this fiscal as it is all set to easily achieve the inflation target in view of the Centres demonetisation move that may put additional downward pressure on prices, says a report.
According to global financial services major HSBC, inflation momentum remained comfor ...Read More..
In a departure from the norm, the government has decided to present the Union Budget for FY18 on February 1, 2017, Mint reported on Wednesday.
In the past, Budget has been presented on the last working day of February. The move is aimed at expediting implementation of various schemes beginning March 1, 2017, the newsp ...Read More..
Gold price under pressure while dollar continues to surge
Gold remained under pressure in London trading on the morning of Monday November 14 while the dollar continues to strengthen.
The spot gold price was recently quoted at $1,223.35/1,223.65 per oz, down $4.50 and around its lowest since the start of June. ...Read More..
In a setback to Cyrus Mistry, independent directors of Tata Motors on Monday did not offer unanimous support to his leadership and instead backed all decisions taken by the company, including on small car Nano, which have been criticised by the ousted chairman of Tata Sons.
Unlike the backing he got from indepe ...Read More..
The dollar was likely to continue its lurch higher in the wake of the surprise presidential election win by Donald Trump, as inflation was set for a comeback, analysts said. The dollar index, which measures the dollar against a basket of currencies, rose as high as 99.247 in early Asia trade on Monday, from levels below 97 in ...Read More..
Copper has become the favorite commodities trade, a sign that investors believe economic-growth prospects are improving from China to the U.S.
Prices for copper have closed higher 14 days in a row, the metals longest winning streak on record for at least 28 years. That run lifted coppers price by 22% to a 52-week high ...Read More..