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US stocks open lower as oil extends losses

New York, Feb 24 (IANS) US stocks opened lower on Wednesday as the continued decline in oil prices dampened investor sentiment. Oil prices kept falling in early trading Wednesday, with US oil dropping about 4…


Naspers to invest $250 more in ibibo

Bengaluru, Feb 24 (IANS) Indian online travel company ibibo on Wednesday announced it raised $250 million from internet and media company Naspers to extend its position in Indian hotels category and additional technology innovations. “Our…





Strike continues at Tata Nano plant

Ahmedabad, Feb 24 (IANS) A strike by a section of workers at the Tata Motors’ Nano plant at Sanand near here entered the second day on Wednesday. Assistant Labour Commissioner M.S. Patel said the striking…



Viacom18 forays into Hindi movie genre

Mumbai, Feb 24 (IANS) Entertainment conglomerate Viacom18 on Wednesday announced its new Hindi movie channel Rishtey CINEPLEX. The first Hindi movie channel from the house of Viacom18, Rishtey CINEPLEX will offer a holistic entertainment experience…


Fears of spending cuts dent railway stocks

Mumbai, Feb 24 (IANS) Fears of spending cuts, coupled with lower revenue realisation in the upcoming railway budget dented the sector specific stocks on Wednesday. According to market observers, stocks of companies associated with the…


Ola to create 50,000 entrepreneurship opportunities in UP

Lucknow, Feb 24 (IANS) Personal transportation mobile application company, Ola, has signed a Memorandum of Understanding with the Uttar Pradesh government to provide entrepreneurship opportunities for 50,000 men and women across the state over the…




OPEC daily basket price closes lower

Vienna, Feb 24 (IANS/WAM) The price of OPEC’s basket of thirteen crudes stood at $28.94 a barrel on Tuesday, compared with $29.48 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of…


Chinese shares on roller-coaster ride

Beijing, Feb 24 (IANS) Chinese shares staged a remarkable rally on Wednesday, recovering from the early losses brought about by small-cap stocks. The benchmark Shanghai Composite Index surged 0.88 percent to close at 2,928.9 points…