US stocks climbed for the fourth straight day Tuesday as strong earnings continued to pull the market closer to the record high it set in late January. Industrial companies rose and banks moved higher as interest rates increased. Gains for Microsoft and Google’s parent company, Alphabet, helped technology companies. Companies including Hertz, Etsy, and Mosaic climbed after their results surpassed ... Read More »
U.S. stocks rose on Monday, with both the Dow and the S&P 500 ending at new records as technology shares rebounded from a recent bout of sharp weakness to lead the market higher. The Dow Jones Industrial Average DJIA, -0.29% rose 144.71 points, or 0.7%, to 21,528.99, ending at its highs of the day, which represented both an intraday and ... Read More »
Tech Mahindras profit fell 33 per cent annually to Rs. 590 crore in Q4. HIGHLIGHTS Tech Mahindra shares fell as much as 17% today It reported 33% decline in March quarter profit on Friday Tech Mahindra is the fifth-biggest software services provider in India Shares of India’s fifth-biggest software services provider Tech Mahindra tanked as much as 17 per cent ... Read More »
The U.S. Small Business Administration is asking customers to #DineSmall this Small Business Saturday. A major Web hosting company put millions of shares of stock up for sale this week. And a crowdfunded tablet is ready to go. These stories and more await you in this week’s Small Business Trends news and information roundup. Enjoy! Local Marketing Remember to Thank ... Read More »
In the first gesture to fulfill his pledge that he and his wife made last year, Facebook CEO Mark Zuckerberg has sold $95 million (roughly Rs. 638 crores) of the social networking giant’s shares. According to a US regulatory filing, The Chan Zuckerberg Foundation and CZI Holdings LLC sold Facebook shares worth $95 million before taxes, Forbes reported on Saturday. ... Read More »
London: European shares advanced on Wednesday, with the technology sector leading the market higher after SAP and ASML Holding reported forecast-beating quarterly results. Shares in SAP, Europe’s largest software company, rose 4.7 per cent as unexpectedly strong growth in high-margin packaged software licenses fuelled its quarterly earnings. Its second-quarter operating profit rose 9 per cent. ASML Holding, a key supplier ... Read More »
New Delhi: Indian IT services company HCL Technologies on Friday said it has allotted over 84,000 equity shares under the 2004 Stock Option Plan, taking its paid-up share capital to 141 crore shares. In its filing to BSE, the company said the allotment had been done by its Employees Stock Option Allotment Committee on July 21, 2016. “Consequent on the ... Read More »
Shares of mobile operators fell sharply on Friday, following the Congress party’s allegation about a staggering Rs 45,000-crore telecom scam. Congress spokesperson Randeep Surjewala on Thursday alleged that the government is “surreptitiously taking steps to protect the interests of six leading telecom companies by helping them avoid the payment of charges rightfully owed to the government.” The telecom companies named ... Read More »
TCS shares fell for the fourth straight day after amid concerns over the impact of Brexit on the Indian outsourcing companies. TCS fell as much as 1.5 per cent today to Rs 2,458.4, extending its losses to 8 per cent in four days. Global brokerage Bank of America Merrill Lynch has downgraded TCS to “underperform” from “buy”, citing the Indian outsourcer’s ... Read More »
U.S. stocks rose on Tuesday, led by gains in technology shares as Federal Reserve Chair Janet Yellen was optimistic about the economy and played down the risk of a recession, while concern over the upcoming British referendum remained subdued. Yellen, however, warned that the British vote on Thursday on whether to stay in the European Union, alongside a U.S. hiring ... Read More »
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