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Month: December 2017

Top stocks of 2017: VIP, Titan, PC Jeweller bring cheers to investors

Sensex scaled new heights in the year 2017 and touched an all time high of 34000. The markets rallied due to surge in liquidity and ample buying by FPIs and DIIs. Almost all sectoral indices of the BSE gained. Out of the 20 BSE sector indices, 19 have gained and 1 remain unchanged between 2 […]

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Essar Shipping gets shareholders’ nod to raise share capital

Essar Shipping today said its shareholders approved the proposal to increase authorised share capital to Rs 650 crore from Rs 500 crore at the annual general meeting held yesterday.The proposal to increase the authorised share capital of the company Rs 500 crore to Rs 650 crore (dividend into 50 crores) equity shares of Rs 10 […]

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Light trading volumes on last business day of 2017

Trading was light on the last business day of 2017, with a number of markets closing early ahead of the New Year holiday. Stocks ended the year ahead and the euro looked set to go out on a high against the dollar. DUBLIN AIB closed 1.46 per cent ahead at €5.50 at the end of […]

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Venezuela plans cryptocurrency backed by oil reserves

In a new twist to the cryptocurrency craze, Venezuela, the South American oil giant in default on some of its dollar bonds, plans to issue its own digital unit, dubbed the petro. “It is a matter of days before we announce the first issuance of the ‘petro’ cryptocurrency,” information minister Jorge Rodriguez said at a […]

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Britain’s FTSE to end 2017 on high on strong mining, health stocks

The UK’s top share index hit a new record on the final trading day of 2017, carried higher by a buoyant mining sector and strength among health stocks. The blue chip FTSE 100 index was up 0.1 per cent at 7,633.56 points by 0931 GMT, while mid caps gained 0.1 per cent. Friday is a […]

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Dollar heads for worst year since 2003 as ‘Trump Effect’ fades

The dollar slipped to its lowest in more than three months against a basket of major currencies on Friday as the euro and sterling climbed, putting the greenback on track for its worst showing since 2003. The dollar started 2017 on a high, with the index that tracks it against a basket of six major […]

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Oil’s revival persists as prices set for a second annual gain

Oil’s revival from the biggest crash in a generation persisted, with prices set for a second annual gain after weathering everything from hurricanes and Middle East conflict to the tussle between Opec and US shale. Benchmark futures are up more than 11 per cent in 2017, after going into a bull market in September. While […]

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RCom stock on a roller coaster ride after deal with Jio; have you cashed in on the rally?

The Reliance Communications (RCom) stock surged in Friday’s trade after Reliance Jio announced it would buy wireless infrastructure assets of Anil Ambani’s Reliance Communications. The deal is likely to help the Mukesh Ambani-led Jio intensify its fight with rival Bharti Airtel not only in the mobile telephony business but in the fibre to home space […]

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Bumper year for changes at top of corporate Ireland

Kerry Group The third-largest company on the Iseq by market value, Kerry Group sticks to a tried and tested formula when it comes to succession at the helm. When Stan McCarthy, the group’s third chief executive since it was established in 1972, signalled in February that he was preparing to step down in September as […]

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Bitcoin rebounds after curbs in South Korea trigger 8% slump

Bitcoin appeared to find a bottom on Friday, rebounding to $15,000 after moves by South Korea to curb speculation and protect retail customers took the cryptocurrency down more than 8 per cent yesterday. Bitcoin was up almost 8 per cent to $15,032 as of 2.16pm Hong Kong time, composite Bloomberg pricing showed. The digital currency […]

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