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US markets extend losses on worries about rising yields

Extending losses for second straight session, the US markets ended lower on Friday on worries about runaway inflation spurred by the sudden jump in US Treasury bond yields. Dow Jones Industrial witnessed its biggest one-day percentage drop since August, while both the S&P and the Nasdaq logged the biggest daily ... Read More »

Sensex suffers more losses, slides 214 points on global cues

Unabated capital outflows by foreign funds and profit-booking by retail investors too dampened sentiments. There was caution among investors ahead of the May month derivatives expiry on Thursday. The 30-share index, which had lost 216.24 points in the previous session, drifted down by 214.13 points, or 0.61 per cent, to ... Read More »

M&M’s arm aims to reduce losses in FY18: Report

Mahindra and Mahindra’s (M&M) subsidiary — Mahindra Two Wheelers (MTWL) — is reportedly aiming to reduce its losses in FY18 to sub Rs 1 billion levels from Rs 4.71 billion in FY17. Besides, the company is planning to launch new variants of its premium bike Mojo in the coming quarters. ... Read More »