Business

Sensex rises over 100 points; Nifty above 10400

Sensex rises over 100 points; Nifty above 10400

Beyond the assembly election results , investors will be keeping an eye on global factors like the progress on U.S. tax reforms and crude oil prices. "If BJP forms the government in Gujarat with slim majority it may be taken negatively". The rupee recovered from early losses, but was still trading marginally lower against the United States dollar, while bond yield hit a fresh 16-month high.


Hundreds of jobs at risk as Toys R Us faces collapse

Hundreds of jobs at risk as Toys R Us faces collapse

Under the proposed company voluntary agreement (CVA), Toys R Us meant to shut four stores in Scotland and likely downsize a further three by next spring. He also assured that members of the pension scheme remain protected "whatever the outcome of the CVA". One insider said, though, that the PPF was seeking to elevate itself above every other Toys R Us creditor, despite the fact that it was landlords - rather than the pension scheme - facing financial pain as a result of the proposal.


Airline CONFIRMS it will recognise pilot unions

Airline CONFIRMS it will recognise pilot unions

Ryanair said on Tuesday that it will recognise cabin crew unions, following its agreement last week to deal with pilots' organisations. Impact, the Irish pilot's trade union, wrote on Sunday that they had "suspended a planned one-day strike of Ryanair pilots next Wednesday after company management agreed to recognise the union as the representative of Irish-based pilots".



Notable Mover: Rite Aid Corp (RAD)

Ebay now has $39.88 billion valuation. The stock had a trading volume of 25,150,000 shares, compared to its average volume of 25,530,000. About 10.69M shares traded. Taking a broader look brokerage firms' analysts on the street with an expectant view have Rite Aid Corp (NYSE:RAD) high price target of $2.25 and with a conservative view have low price target of $2.