Markets

IndusInd Bank profit up 25 per cent in December quarter

IndusInd Bank profit up 25 per cent in December quarter The bank's capital adequacy remained strong for Q3FY18 at 15.83 per cent compared to 15.31 in the previous year's corresponding quarter. The better earnings came on the back of a robust 20 per cent rise in net interest income (NII is interest earned minus interest expended) at Rs 1,894.81 crore against Rs 1578.42 crore in the year-ago period. [Full Article...]

US OKs selling Japan missiles to shoot down North Korean missiles

US OKs selling Japan missiles to shoot down North Korean missiles Japan is now protected by four destroyers equipped with U.S. Aegis missile defence systems carrying SM-3 intercept missiles as well as surface-to-air modernised Patriot Advanced Capability-3 (PAC-3) ballistic missile interceptors. In late December, Japan's Cabinet approved its budget plan for fiscal 2018, with a record-high defense spending. Following an inspection of a Hawaiian test complex, ... [Full Article...]

Global cues, buying support lift equity indices to new highs (Third Lead)

Global cues, buying support lift equity indices to new highs (Third Lead) The barometer 30-scrip Sensitive Index ( Sensex ) of the BSE recovered nearly 250 points from its day's low at 34,342.16 points to provisionally close (at 3.30 p.m.) the day's trade at a new high of 34,592.39 points - up 88.90 points or 0.26 per cent - from its previous session's close. [Full Article...]

Kenya Airways launches NY flights

Kenya Airways launches NY flights Direct flights from JKIA to New York JFK will reduce the time flight from 25 hours to about 15 hours. The return flight will leave NY at 12:25 p.m. and arrive in Nairobi the next day at 10:55 a.m. Kenya Airways introduces historic daily flights to the US. The flight will fly overnight in the westbound direction- unusual for transatlantic flights-departing Nairobi at 11:25 p.m. [Full Article...]

RSI signifies; Cisco Systems, Inc. (CSCO) stock down Action may be Ahead

RSI signifies; Cisco Systems, Inc. (CSCO) stock down Action may be Ahead The stock decreased 2.05% or $1.1 during the last trading session, reaching $52.43. The stock closing price is now trading upward to its 50 day moving average with change of 7.12%, escalated to its 20 day moving average with figure of 2.04% and above its 200 day moving average with value 16.31%. [Full Article...]

Chesapeake Energy (CHK) Downgraded to "Hold" at ValuEngine

The firm has "Equal-Weight" rating given on Monday, August 7 by Morgan Stanley. Roth Capital maintained MagnaChip Semiconductor Corporation (NYSE:MX) on Wednesday, August 30 with "Buy" rating. Chesapeake Energy Corporation (NYSE: CHK ) shares are up more than 1.01% this year and recently decreased -1.23% or -$0.05 to settle at $4.00. The correct version of this piece can be read at ... [Full Article...]

New law allows native Oregonian to pump gas for the first time

New law allows native Oregonian to pump gas for the first time Others, like most places here in NY (where we've been pumping our own gas forever), will either have one lane designated as full service where you pay a bit more or you can pull up to a pump and blow your horn. It turns out that some people REALLY liked having someone else pump their gas and they're REALLY mad about potentially having to do it for themselves. [Full Article...]

Spark sets off gene therapy debate with $850K sticker on Luxturna

Spark sets off gene therapy debate with $850K sticker on Luxturna Spark Therapeutics' new gene therapy, called Luxturna , was reportedly lowered in price from $ 1 million after health insurers voiced concerns about their ability to cover the expensive treatment. As questions swirl around the cost and effectiveness of gene therapy, it could not be doubted that Luxturna is a breakthrough in the development of this kind of medicine. [Full Article...]


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