Dow, S&P 500 fall; Nasdaq up back near 5,000
The Dow and S&P 500 Thursday gave back some of their gains from the prior session, while the Nasdaq edged up closer to 5,000.
Mar 20, 2015, 10:53 AM IST
Sensex to touch 54,000-mark by 2018: BofA-ML
The Sensex is expected to touch 54,000 by end-2018, although it is likely to slide over the next few months as "nothing has changed on the ground yet", says Bank of America Merrill Lynch (BoFA-ML).
Mar 18, 2015, 18:28 PM IST
Mirach gave forged BofA letter, to take legal action: Sahara
Stung by a "forged letter" claiming USD 2-billion funding through Bank of America, crisis-hit Sahara group today said it has been "cheated" by US-based Mirach Capital and would take all suitable legal action against the firm and its officers.
Feb 05, 2015, 23:58 PM IST
Mysterious turn to Sahara's $2-billion deal; BofA says not a banker
Crisis-ridden Saharas' efforts to raise funds to secure bail for its chief Subrata Roy have taken a mysterious turn, with Bank of America refuting claims of it being the banker for a USD 2-billion financing package offered to the group by a US-based entity.
Feb 05, 2015, 14:19 PM IST
Subrata Roy's get-out-of-jail deal is mired in mystery
Subrata Roy, the boss of the Sahara conglomerate, is in a New Delhi prison on contempt-of-court charges and needs to post $1.6 billion in bail to get out. To help raise the money, Sahara is in talks to refinance its overseas hotels, including New York`s Plaza.
Feb 05, 2015, 08:56 AM IST
ECB liquidity drive to offset Fed tapering impact: BofA-ML
Foreign brokerage Bank of America-Merrill Lynch (BofA-ML) Friday said ECB's over USD 1 trillion injection will support investor inflows into the country and the Reserve Bank will use the same to recoup forex reserves.
Jan 23, 2015, 20:28 PM IST
Bank of America earnings fall despite lower expenses
BofA`s earnings for the fourth quarter came in at $3.1 billion, down 11.3 percent from the year-ago level.
Jan 15, 2015, 19:11 PM IST
RBI may cut policy rates by 0.25% in February: Bank of America
The Reserve Bank is likely to cut rates by 0.25 percent in February's monetary policy review as its target of six percent inflation by January 2016 is likely to be met, Bank of America Merrill Lynch has said.
Dec 25, 2014, 12:17 PM IST
BofA chief meets PM Modi; promises to expand operations in India
The bank, a release said, will "expand its banking activities in India, and would expand its presence in capital markets, particularly in infrastructure and energy sector investment".
Dec 03, 2014, 21:22 PM IST
RJio ties up with lenders for $1.5 billion loan facility
Telecom operator Reliance Jio Infocomm has arranged credit facilities worth USD 1.5 billion with lenders, including Bank of America and Barclays, to refinance existing loans.
Nov 17, 2014, 22:21 PM IST
Foreign BofA Merrill Lynch banker linked to Hong Kong murders
A Bank of America Merrill Lynch employee has been arrested in Hong Kong in connection with the murder of two women, a source with direct knowledge of the situation.
Nov 02, 2014, 13:56 PM IST
Unearthing black money can add $30 bn to FX reserves: BofA
The unearthing of capital flight of "black" money Indians have allegedly stashed away in Swiss banks could add USD 30 billion to the country's forex reserves, says a Bank of America Merrill Lynch report.
Oct 29, 2014, 14:49 PM IST
Bank of America moves past worst legal costs, posts loss
Since 2010, the second-largest U.S. bank has agreed to pay at least $70 billion to resolve disputes linked to home loans, mortgage bonds and other problems stemming from before and during the crisis.
Oct 15, 2014, 23:46 PM IST
BofA-ML sees India's current fiscal CAD down at 1.7%
India's current account deficit (CAD) is likely to narrow down to 1.7 percent of GDP this fiscal but may widen to 2.3 percent in FY16, says a report.
Sep 22, 2014, 19:33 PM IST
Bank of America agrees to record $17 bn deal over mortgage fraud
Bank of America agreed Thursday to a record nearly USD 17 billion deal with US justice authorities to settle accusations over dodgy mortgage securities it issued ahead of the 2008 financial crisis.
Aug 21, 2014, 19:06 PM IST
Bank of America fined $1.3 bn for mortgage fraud
A US judge Wednesday ordered Bank of America to pay a $1.3 billion penalty for selling bad loans to mortgage finance firms Fannie Mae and Freddie Mac amid the housing crisis.
Jul 31, 2014, 09:03 AM IST
Bank of America offers $13 bn in mortgage-securities settlement
The Department of Justice, however, has demanded $17 billion from the bank, US media reported.
Jul 17, 2014, 08:34 AM IST
Infosys seeks revival with more tech investments, staff
India`s second largest IT services provider Infosys Ltd said on Friday it would boost investment in cloud computing, smartphone apps and other new technologies to win more high-margin outsourcing contracts.
Jul 11, 2014, 18:30 PM IST
Reforms to drive Sensex to 27,000 at year end: BofAML
Reforms by the Modi government are expected to drive the benchmark stock market index to a year-end target of 27,000 points, a US brokerage said.
Jul 01, 2014, 22:32 PM IST
Govt may cut 2% import duty on gold in budget: BoAML
The union government is expected to cut two percent import duty in gold in the forthcoming budget, as local jewellers run out of inventory, a leading US brokerage said.
Jun 29, 2014, 18:58 PM IST
