Oil turns lower as glut overshadows Japan’s return to growth
SINGAPORE – Oil prices turned lower on Monday after a firm start, with an oversupply continuing to weigh on the market despite data showing Japan had pulled out of recession. Prices initially rose in early Asian trade but then dipped as the return to growth in Japan in the October-December... read more »
HSBC says sorry over past standards at Swiss bank
HSBC apologized to customers and investors on Sunday for past practices at its Swiss private bank after allegations that it helped hundreds of clients to dodge taxes. Europe’s largest bank said in full-page advertisements in British newspapers that recent media coverage that focused on the... read more »
Sensex surges 132 points
Continuing its upward journey for the fifth consecutive session, the benchmark BSE Sensex gained 132 points in early trade on Monday as funds and retail investors enlarged positions on hopes of pro-growth Budget and better third quarterly earnings by some bluechip companies. Besides, a firming... read more »
Infosys to buy automation tech company Panaya
Country’s second-largest software services firm Infosys will acquire U.S.-based automation technology company Panaya for an enterprise value of $200 million or over Rs. 1,200 crore. The all-cash deal is part of Infosys’ ‘Renew and New’ strategy to enhance the competitiveness and... read more »
