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How Mukesh Ambani plans to spend Jio's mega Rs 27,500 crore IPO proceedsReliance Jio’s upcoming IPO aims to raise approximately $3 billion. The company intends to allocate Rs 27,500 crore to prepay debt, strengt...- Streaming firms eye one-stop shops to build scale and profitabilityAmazon's integration of MX Player with Prime Video signals a trend towards unified streaming platforms in India. This move aims to reduce c...
- Australia's ANZ to pay $160 million over bond deal, customer violationsAustralia and New Zealand Banking Group will pay a hefty fine. The penalty is for misconduct including charging deceased customers. The ban...
- Australia's ANZ to cut 3,500 jobs as new CEO Matos takes chargeANZ Group will cut 3,500 jobs. CEO Nuno Matos warns of more changes. The bank will take a A$560 million restructuring charge. These cuts ai...
- Australia shares on three-week rally as optimism of rate cut increasesAustralian shares logged their third consecutive week of gains, rising 1.2% for the week, driven by gains in banks and discretionary stocks...
- Gold drops on profit-taking, US inflation data in focusGold prices fell on Tuesday as investors locked in profits after the metal closed at an all-time high in the previous session and ahead of ...
- HCLTech trims full-year outlook on demand dropFor the fiscal second quarter ended September 30, the company posted an 11% sequential fall in revenue in constant currency terms. Net hiri...
- BPCL to incur gross marketing losses in current fiscal: Fitch"Fitch expects BPCL to generate gross marketing losses in FY23, as the Indian oil marketing companies (OMCs) bear the largest burden of sur...
- Finance Minister Nirmala Sitharaman to meet heads of PSBs on Monday; may urge them for credit growthBanks would be urged to sanction loans for productive sectors to accelerate the revival of the economy facing headwinds including from the ...
- Gold pulls back from record high as dollar rebound weighsSpot gold fell 0.3% to $1,969.74 per ounce at 12:33 p.m. EDT (1633 GMT), having earlier hit a record high of $1,984.66. US gold futures eas...
- Australian shares see best day in over 2 months on Fed supportThe S&P/NZX 50 index rose 0.8 per cent to finish the session at 10,953.85.
- Oil prices ease on dim economic outlook despite signs of firmer demandBrent crude futures for July delivery were trading down 11 cents, or 0.3 per cent, at $34.54 per barrel at 0031 GMT
- US woes and sluggish fin, health arms may mute Cognizant Q4 nosAnalysts expect deal-signings to slow ahead of the US Presidential elections in November, which contributes 85% to Cognizant’s overall reve...
- Buy Persistent Systems; target Rs 760: Reliance SecuritiesBuy Persistent Systems at a price target of Rs 760.
- Arcil profit multiplies as it focuses on recoveryArcil said its net profit has increased eight times to Rs 67 crore in the year ended March 2015 from Rs 8 crore in March 2014.
- Tata Motors raises $750 million in foeex bond sale; gets better pricingIt had sold $300 million worth bonds in April at a coupon of 5.53 per cent for a five-year money, indicating better operating environment f...
- Australia and New Zealand Banking Corp lands senior Citigroup executive for Asia expansionANZ's Asia business posted a 40 percent growth in net profit at $455 million in the first half of the year ending in September.
- Infosys beats forecast, but analysts still waryInfosys' profit for the three months ended Dec 31 rose to Rs 2,875 crore from Rs 2,369 crore for the year-ago period, the IT major said in ...
- Singapore's OCBC to buy ING Asia pvt banking biz for $1.46 bnSingapore-based Oversea Chinese Banking Corporation will acquire the Asian private banking business of Dutch financial services major ING G...
- Deregulation may affect refineries in North-EastNEW DELHI: Deregulation of petroleum sector may spell doom for the oil refineries in the North East unless Government gives fiscal concessi...
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