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After Vodafone, India changes tax rules to boost investment
29 Jan 2015 at 3:36am
MUMBAI (Reuters) - The Indian government has asked tax officials to apply the principle behind a tax ruling in favour of Vodafone Group Plc to all similar cases, a major boost to foreign firms including Royal Dutch Shell PLC .

Uber, other taxi-hailing apps hit new roadblock in Delhi
29 Jan 2015 at 3:17am
NEW DELHI (Reuters) - New Delhi's transport department has written to U.S. taxi hailing company Uber Technologies Inc detailing problems with its application for a licence in the city, further complicating the firm's ability to operate in India's capital.

Oil holds above $48 a barrel after U.S. stocks hit record high
29 Jan 2015 at 3:10am
LONDON (Reuters) - Brent crude oil futures held above $48 a barrel on Thursday as investor inflows offset data showing that U.S. crude stocks had hit a record high.

Sesa Sterlite says to review spending due to commodity price falls
29 Jan 2015 at 3:09am
MUMBAI (Reuters) - Sesa Sterlite Ltd said on Thursday it would review capital and operating expenditure across its businesses after the mining company's quarterly profit dropped 15 percent, hurt by steep falls in crude oil prices.

Nifty posts 10 straight sessions of gains
29 Jan 2015 at 2:53am
MUMBAI (Reuters) - The Nifty gained 0.4 percent on Thursday, rising for a tenth consecutive session, its longest winning streak since September 2007, as shares of capital goods firms rose ahead of the budget next month and oil retailers benefited from a slump in crude prices.

Fed outlook and Greece worries hit world stocks, dollar up
29 Jan 2015 at 1:43am
LONDON (Reuters) - Stocks fell in Europe and Asia and the dollar strengthened on Thursday after the Federal Reserve took an upbeat view of the world's largest economy and signalled it was on track to raise interest rates this year.

India applies principle behind Vodafone tax ruling to other cases
29 Jan 2015 at 1:33am
MUMBAI (Reuters) - The Indian government has asked its tax officials to apply the principle behind a tax ruling involving Vodafone Group Plc to all similar transfer pricing cases, an official letter seen by Reuters showed.

HDFC Q3 net rises 11.5 pct on higher loan growth
29 Jan 2015 at 12:46am
NEW DELHI (Reuters) - Housing Development Finance Corp (HDFC), India's top mortgage lender, posted an 11.5 percent gain in quarterly net profit, in line with estimates, aided by higher loan growth.

Deutsche Bank posts surprise profit in fourth quarter
29 Jan 2015 at 12:13am
FRANKFURT (Reuters) - Deutsche Bank posted a surprise pre-tax profit of 253 million euros ($285 million) in the last quarter of 2014, helped by an unexpected drop in litigation costs and an upswing in trading revenues at its investment bank.

Gold retreats as Fed's upbeat outlook boosts dollar
28 Jan 2015 at 11:41pm
SINGAPORE (Reuters) - Gold dropped for the fourth session in five on Thursday after the Federal Reserve painted a bullish picture of the U.S. economy, signalling it was on course to lift interest rates this year.

Oriental Bank Q3 net plunges as provisions jump
28 Jan 2015 at 11:30pm
MUMBAI (Reuters) - Oriental Bank of Commerce Ltd, a mid-sized state-run lender, reported its quarterly profit plunged as provisions for bad loans rose sharply and also due to a one-off adjustment, sending its stock down more than 7 percent.

Asian shares skid as bullish Fed takes investors by surprise
28 Jan 2015 at 11:12pm
TOKYO (Reuters) - Asian shares extended losses on Thursday after the Federal Reserve took an upbeat view on the U.S. economy and signalled that it remains firmly on track to raise interest rates this year, despite an uncertain global outlook.

India not ready for full capital account liberalisation - RBI deputy Khan
28 Jan 2015 at 10:49pm
MUMBAI (Reuters) - India is not ready for opening its capital account fully to foreign investors at this point in time as the pros and cons of such liberalisation are a "contentious issue", Reserve Bank of India deputy governor H R Khan said.

Samsung Elec's smartphone primacy under threat from Apple after weak Q4
28 Jan 2015 at 10:08pm
SEOUL (Reuters) - Samsung Electronics Co Ltd is closer to losing its crown as global smartphone leader after posting a plunge in quarterly mobile earnings on Thursday, a day after rival Apple Inc reported the biggest profit in corporate history.

Facebook tops Wall Street revenue target in 4th quarter
28 Jan 2015 at 9:03pm
SAN FRANCISCO (Reuters) - Facebook Inc's revenue grew 49 percent in the fourth quarter, as mobile advertising growth helped the world's largest Internet social network beat Wall Street's targets for earnings and sales.

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