Tag Archives: Rises

Small-business optimism rises to pre-shutdown levels

The numbers: The index of small-business optimism from the National Federation of Independent Business rose to 105.0 in May. Economists surveyed by Econoday had forecast a 102.0 reading. What happened: Six of ten survey components increased, three were unchanged, and only one fell in May. Nearly two-thirds, or 62%, reported hiring or trying to hire, a 5-point increase from April, but 54% ... Read More »

Xiaomi IPO: Xiaomi Falls Then Rises in Hong Kong Debut

Xiaomi Corp. shares slipped and then rebounded Monday in the Chinese smartphone maker’s first trading day in Hong Kong following a multibillion-dollar initial public offering. Trading opened at 16.60 HKD ($2.11) per share, below Xiaomi’s offering price of 17 HKD ($2.17). Shares lostabout 4 percent in early trading but rebounded to 17 HKD ($2.17) at midday. Xiaomi, which helped to pioneer the ... Read More »

Optimism among U.S. small businesses rises in July, helped by strong hiring

A measure of U.S. small-business confidence rose in July, boosted by strong hiring and an improving economic outlook, according to a National Federation of Independent Business report released on Tuesday. The group’s Index of Small Business Optimism USOPIN=ECI rose to 105.2 from 103.6 in June. The rise was the index’s first since January. Business owners signaled optimism in their ability ... Read More »

iPhone Average Selling Price Rises to Record-High $695, Apple Reveals

Apple on Tuesday reported an all-time record revenue of $78.4 billion (roughly Rs. 5,30,498 crores) for the quarter ended December, mostly on account of the record iPhone sales during the aforementioned time period. However, another interesting statistic that came out of the company’s quarterly performance results was that the iPhone’s average selling price rose to a record-high of $695 (roughly ... Read More »

Digital Payments: Indirect Tax Assessments Not To Be Reopened If Turnover Rises

The governmenthas been encouraging people to shift towardsdigital mode of payment. New Delhi: The Revenue Department on Sunday said officials will not reopen the past assessments of excise and service tax of assessees even if their turnover in the current period increases on account of digital payments in the wake of demonetisation. In a circular to excise and service tax chief commissioners, the Central Board ... Read More »

India’s Mobile Phone Production Rises to 110 Million in 2015-16: Prasad

Mobile phone production in the country has more than doubled to 110 million in 2015-16 on the back of duty rationalisation announced in the previous Budget, Telecom Minister Ravi Shankar Prasad said Tuesday. The minister said 16 new mobile manufacturing units have been set up during the financial year. “In 2014-15, the mobile units manufactured in the country was 5.4 ... Read More »

Sensex Rises Tracking Gains in Global Markets

Mumbai: India’s stock markets rose on Thursday, heading for their second straight day of gains, as stabilising crude oil prices lifted mining and energy firms, while stronger Asian stocks boosted investor appetite for riskier assets. Asian stocks rose across the board as crude oil steadied on hopes that big producers will cap output. Minutes from the US Federal Reserve also ... Read More »

Sensex Rises Over 250 Points, Nifty Settles Above 7,150

The Sensex and Nifty rose for the second straight day on Thursday on the back of broad-based buying. Asian stocks rose across the board as crude oil steadied on hopes that big producers will cap output. Minutes from the US Federal Reserve also showed policymakers were divided over how to interpret the financial market volatility, suggesting it was backing away ... Read More »

PFS Q3 Net Rises 27% to Rs 69 Crore

New Delhi: PTC India Financial Services (PFS) on Tuesday said its net profit grew by 27 per cent to Rs 69.45 crore during the quarter ended December 2015. Its net profit during the corresponding quarter last year stood at Rs 54.81 crore. The company’s total revenue for the quarter ended December increased by 17 per cent to Rs 248.06 crore ... Read More »