Dow Futures Fall 110 Pts; Weak Snap Earnings Weigh on Social Media Sector

By Peter Nurse — U.S. stocks are seen opening lower Friday, weighed by disappointing earnings from Snap, with rising Treasury yields and recession fears also hitting sentiment. At 07:00 ET (11:00 GMT), the contract was down 110 points, or 0.4%, traded 17 points, or 0.5%, lower, and dropped 90 points, or 0.8%. The main … Read more

Dow Futures Rise 110 Pts; Disappointing Tesla Results to Weigh on Tech Sector

By Peter Nurse — U.S. stocks are seen opening largely higher Thursday, but the tech sector is likely to underperform on the back of rising Treasury yields and disappointing results from Tesla (NASDAQ:). At 07:00 ET (11:00 GMT), the contract was up 110 points, or 0.4%, traded 7 points, or 0.2%, higher, while traded … Read more

Oracle bets big on multi-cloud offerings for Indian govt, public sector

Oracle (NYSE:) has two multi-Cloud offerings, one is the database service for Microsoft (NASDAQ:) Azure and the other one is ‘One MySQL’ database service for Amazon (NASDAQ:) Web Services (AWS), which have generated great traction among the private sector. According to Prasad Rai, Vice President of Global Strategic Clients Group at Oracle India, there is … Read more

Penalties on OYO, MakeMyTrip, GoIbibo biggest win for hospitality sector: FHRAI

New Delhi, Oct 19 (IANS) With the Competition Commission of India (CCI) on Wednesday imposing penalties of Rs 223.48 crores and Rs 168.88 crores on MMT-Go (GoIbibo and MakeMyTrip) and OYO, respectively, for anti-competitive conduct, the Federation of Hotel and Restaurant Associations of India (FHRAI) described it as “one of the biggest wins for the … Read more

Muted 12% premium growth for Indian non-life sector: Kotak Securities

Chennai, Sep 22 (IANS) The month of August saw the Indian non-life insurance sector logging a muted 12 per cent premium growth, Kotak Securities said in a report. According to the report, the sector’s growth was the lowest in the last five months. “While motor (vehicle insurance) was muted at 12 per cent, retail health … Read more

FSDC underlines need to monitor financial sector risks, discusses early warning signals for economy

New Delhi, Sep 15 (IANS) The Financial Stability and Development Council (FSDC) on Thursday noted that there is a need to monitor financial sector risks, fiscal conditions, and market developments on a continuous basis by the government and the regulators, so that appropriate action can be taken to mitigate any vulnerability and strengthen financial stability. … Read more