BLOGS :

Infosys CEO says Trump election may weigh on margins


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 ...

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Volkswagen to cut 30,000 jobs at VW brand by 2021: Source


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 ...

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RBI may cut rate by 0.25% as inflation target within reach: HSBC


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 ...

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Government likely to present Union Budget on February 1


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 ...

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Copper Edges Higher on Demand Optimism


 Copper prices rose Monday amid continued market optimism that a Trump presidency would boost infrastructure spending in the U.S.

Copper for December delivery settled up 0.5% at $2.5210 a pound on the ...

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Gold price under pressure while dollar continues to surge


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. ...

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No unanimous support to Mistry from Tata Motors ind directors


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 ...

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Dollar strength will continue as Trump policies fuel inflation


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 ...

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China and Trump Make Copper a Red-Hot Bet


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 ...

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