Free Press Journal
  • Sensex soars over 246 points on global cues

    Mumbai: The BSE Sensex rebounded over 246 points to quote above the 35,000-mark in opening trade today, tracking a firm trend in the global markets amid sustained buying by domestic institutional investors. Short-covering of bets, today being the last session of May expiry in the derivatives segment, kept the overall tempo up.

  • Pharma giant Glaxo acquire Novartis’s 37 percent shares for $13 billion

    Pharmaceutical giant GlaxoSmithKline Plc is buying 37 percent stakes of the other giant company Novartis. The company bought the shares for $13 billion. The company funded its purchase by selling its other companies such as Horlicks and other brands.

  • Vodafone-Idea merger in final stage of approval says Telecom Secretary

    New Delhi: The merger plan of telecom operators Vodafone India and Idea Cellular is in the “final stage of approval”, Telecom Secretary Aruna Sundararajan said today. The mega merger has already received the green light from NCLT and markets regulator SEBI, and according to Sundararajan, the telecom department “is in the process of expediting it”.

  • Hyosung Corporation of SouthKorea, the largest global spandex producer, is likely toinvest around Rs 3,000 crore in a manufacturing facility in Maharashtra, a top government official said today.

    Hyosung Corp to invest Rs 3,000 cr in Maha spandex project

    Mumbai: Hyosung Corporation of SouthKorea, the largest global spandex producer, is likely toinvest around Rs 3,000 crore in a manufacturing facility in Maharashtra, a top government official said today. The project will be set up in Aurangabad Industrial City (AURIC), a greenfield smart industrial city being developed across 10,000 acres, as part of the Delhi-Mumbai Industrial Corridor (DMIC), the official said.

  • Where are Crude Oil Prices headed?

    The price of crude oil has touched the $60/bbl mark, the highest since mid- 2015. Strong assurances from OPEC and Russia regarding the extension of the production cut deal has pushed oil prices above $60 per barrel, possibly bringing oil prices into a new higher range. OPEC, Russia and other oil exporting countries have pledged to hold back 1.8 million bpd in oil production in order to tighten markets until the end

  • Sensex surges

    Stocks, rupee recover from morning blues as Brexit fears ease

    Mumbai: Stocks and rupee today took an early morning plunge on RBI Governor Raghuram Rajan’s no to a second term, but soon recouped their losses on hectic buying by some institutions and soothing voices from rating agency Fitch andsome prominent marketmen while fading Brexit worry helped too.

  • Uber

    Uber subsidiary fined USD 7.6 mn in California

    San Francisco: The California Public Utilities Commission today hit an Uber subsidiary with a USD 7.6 million fine for failing to comply with reporting requirements fully and in a timely manner.

  • Oil

    Oil prices ease in Asian trade, stuck near 12-year lows

    Singapore: Oil prices eased in Asia today, with the under-pressure commodity sitting around 12-year lows as dealers prepare for the return of Iranian exports on to the market while US stockpiles increase.

  • Sensex up

    Sensex jumps 140 points on value buying, global cues

    Mumbai: The benchmark BSE Sensex recouped about 140 points in early trade today on value-buying by participants, tracking overnight strong rally in the US equities.

  • Chinese shares down

    Chinese shares open lower

    Beijing: Chinese stocks opened lower on Friday, with the benchmark Shanghai Composite Index down 0.65 percent, at 2,988.05 points.

  • ‘OK Sir’ to foray into B’luru, to raise $20 mn for expansion

    Bengaluru: Daily needs and emergency services app ‘OK Sir’ is set to launch its operations in Bengaluru by January 25 and is in talks with institutional investors to raise about USD 20 million to boost its expansion plans.