Indian Shares Eke Out Gains ahead of TCS, Infosys Results

BENGALURU, Jan 11 Reuters India39;s benchmark Nifty 50 and Sensex indexes logged small gains on Thursday, ahead of a key U.S. inflation print, while information technology stocks were subdued before quarterly results from bellwethers later in the day. The NSE Nifty 50 rose 0.13 to 21,647.20 points, while the SP BSE Sensex gained 0.09 to 71,721.18. IT […]
Read More

Rupee Holds near 83Dollar, Crucial US Data in Focus

MUMBAI, Jan 11 Reuters The Indian rupee ended little changed against the dollar on Thursday, ahead of the key U.S. inflation data that could potentially help investors reassess the outlook for interest rates in the world39;s largest economy. The rupee was at 83.0275 to the dollar compared with 83.0250 in the previous session. The rupee […]
Read More

Thomson Reuters Offers to Buy Swedens Pagero for 627 mln

Jan 11 Reuters Thomson Reuters said on Thursday it has offered to buy Sweden39;s einvoicing and tax company Pagero for 6.4 billion Swedish crowns about 627 million, beating an earlier offer from tax technology company Vertex. Thomson Reuters said it has offered to pay 40 crowns in cash for each Pagero share, representing a premium of 11 […]
Read More

UKs LondonMetric to Buy LXI REIT in 2.4 bln Deal

Jan 11 Reuters British landlord LondonMetric Property LMPL.L will acquire Londonbased real estate investment trust REIT LXI LXIL.L in a deal valued at 1.9 billion pounds 2.43 billion, the companies said on Thursday. Under the terms of the deal, each LXI shareholder will get 0.55 new LondonMetric shares for every share held. This represents a premium of about 9 […]
Read More

Citigroup Profit to Take 3.8B Hit on Charges, Reserves

NEW YORK, Jan 10 Reuters Citigroup booked about 3.8 billion in combined charges and reserves that will erode its fourthquarter earnings set to be reported on Friday, according to a filing. The bank stockpiled 1.3 billion in reserves to cover risks outside the U.S., particularly currency exposure in Argentina and Russia, it said on Wednesday. It booked […]
Read More