Yahoo may rethink use of cash from Alibaba deal
SAN FRANCISCO, Aug 9 Yahoo Inc may re-evaluate plans for the cash it gets from a multibillion-dollar sale of half of its 40 percent stake in Chinese Internet company Alibaba Group.
Dec 30 Indian shares rose 1 percent in the last trading session of 2016, recovering from recent losses and ending a volatile year with gains despite fears of outflows from emerging markets and cash crunch in the domestic economy post-demonetization.
The broader NSE index gained 3 percent in calendar 2016 while the benchmark BSE index advanced 2 percent, recovering from losses in 2015.
On Friday, the NSE index rose 1.01 percent to 8,185.80 while the BSE index gained 0.99 percent to 26,626.46.
Both indexes advanced more than 2 percent over the week, but posted modest losses for December.
For midday report see (Reporting by Tanvi Mehta in Bengaluru; Editing by Vyas Mohan)
* Penalty is largest FTC has ever imposed for violating an order