Business
Sensex Tumbles 351 Points On Trade-war Worries; Nifty Dips Below 10150
Earlier, the Trump administration proposed 25 percent tariffs on $50 billion worth of imports from China to protest Beijing's alleged theft of United States technology. 441.50 on the NSE on debut, down 15 percent from its issue price of Rs 520 a share. Fresh concerns over a trade war between the USA and China pushed world markets in a tailspin on Wednesday with the Indian benchmark indices shedding more than 1% each even after opening on a strong note.
Business
J&J Loses Case Linking Mesothelioma to Asbestos in Talc
Banker Stephen Lanzo said he used Johnson and Johnson products for more than 30 years. The talc supplier that was named in the case alongside J&J, Imerys Talc , told CNN that the jury in the Lanzo case didn't note the evidence that the man was exposed to asbestos in his childhood home and schools.
Business
Sensex surges 1.75% as RBI lowers inflation forecast
On similar lines, the NSE Nifty, after shuttling between 10,331.80 and 10,227.45, finished the day 196.75 points, or 1.94 points higher at 10,325.15. However, for the week, Nifty managed to clock a gain of over 2 per cent. Gains in index heavyweights ICICI Bank , Tata Steel and Maruti Suzuki were offset by losses in Bharti Airtel, Infosys and Larsen & Toubro. Other losers were L&T, Bajaj Auto , IndusInd Bank, Axis Bank, HUL, Wipro, Coal India , TCS, M&M, ONGC, Asian Paints and Hero ...
Business
Oil prices tumble amid trade worries
Brent for June settlement declined 2 cents to US$68 a barrel on the London-based ICE Futures Europe exchange, after slipping 10 cents yesterday. The statement said it was a countermeasure in response to a previous USA move to slap tariffs on steel and aluminum imports.
Business
Shares to buy from the think tanks: Amazon.com, Inc
Vanguard, T. Rowe Price, Fidelity, BlackRock and State Street Global Advisors collectively own almost 20% of Amazon's shares, according to data from FactSet Research. About 6.98 million shares traded or 20.11% up from the average. Year to date, Amazon .com, Inc. has performed 20.62%. We're on the verge of the earnings reporting season.
Business
Flight returns to Singapore after bomb hoax
Scoot is a Singapore Airlines budget carrier. Quoting sources, the report said Flight TR634, which left Changi Airport at 1.20 pm, was escorted back by two Republic of Singapore Air Force fighter jets, which is part of the protocol for such incidents.