New York: Telecommunications giant AT&T Inc. is in advanced talks to acquire media titan Time Warner Inc., The Wall Street Journal reported on Friday. Citing people familiar with the matter, the Journal said the deal would create a new hallmark in the fast-converging media, communications and Internet industries. The deal could happen “as early as … Continue reading "‘AT&T, Time Warner Close to Merger Deal’"
New Delhi: The government on Friday signed an agreement for a $650 million loan from the World Bank towards the third tranche for construction of the Eastern Dedicated Freight Corridor (EDFC) designed for faster movement of goods between northern and eastern parts of India. According to an Indian Finance Ministry release here, the “objective of … Continue reading "India Inks Loan Pact with World Bank for Eastern Freight Corridor"
The US dollar slipped against most major currencies on Monday ahead of the country’s first presidential debate between Republican Donald Trump and Democrat Hillary Clinton. Analysts said the debate has cast huge amount of uncertainties over the country and thus hurt the currency, Xinhua news agency reported. The dollar index, which measures the greenback against … Continue reading "US Dollar Declines Before Presidential Debate"
New Delhi: HCL Technologies former Chief Executive Anant Gupta on Friday announced a Rs 100-crore venture fund for developing disruptive products and businesses through his new technology investment firm TechCelx. “As an integrated business acceleration and investment firm, we will focus on developing digital technology products and platforms in enterprises,” said TechClex Founder Chairman and … Continue reading "Ex-HCL Honcho Floats Rs 100-Cr Venture Fund"
The Indian equity markets traded on a negative-to-flat note during the early morning trade session on Wednesday. According to market observers, heavy selling pressure witnessed in metal, banking and automobile stocks dragged the equity markets lower. The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched-down by 10.45 points or 0.11 per cent to … Continue reading "Equity Markets Trade Lower, Metal Stocks Recede"
Software major Infosys has posted a Rs 3,603 crore consolidated net profit for the fourth quarter (January-March) of fiscal 2016-17, registering flat...