Mumbai: The BSE benchmark Sensex on Tuesday ended flat with a small rise of 10 points as cautious investors indulged in profit-booking ahead of the monthly settlement in derivatives segment and the RBI monetary policy meet on May 3.
Trading sentiment further influenced on a weakening Asian trend but better opening in Europe supported the market to end in a positive zone for the third straight day. The Sensex rose 9.53 points, or 0.05 per cent, to close at
19,179.36. It touched the day's high of 19,210.26 and a low of 18,042.08. The index had gained 439 points in last two sessions.
Similarly, the National Stock Exchange index Nifty edged up 2.50 points to 5,836.90, after dipping to a low of 5,791.55. Brokers said investors remained cautious ahead of a monthly settlement in the derivatives segment on Thursday and the Reserve Bank of India monetary policy meet on May 3. ...
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09:44 AM, Apr 23, 2013
Berlin: Germany on Thursday pressed India to hike the foreign equity cap in the insurance sector and reduce tariffs on import of automobiles as a prelude to the much-awaited India-EU Free Trade Agreement even as the two countries signed six pacts including one under which a German loan of Euro one billion (Rs 7,000 crore) will be provided for a green energy corridor in India. After talks with Prime Minister...
09:00 PM, Apr 11, 2013
Kerala government on Wednesday sanctioned an additional Rs 297.75 crore for the Kochi Metro project. Out of this, Rs. 88.50 crore is state government's equity share and Rs 209.25 crore for land acquisition, a Kochi Metro press release said. ...
08:45 PM, Mar 27, 2013
The BSE benchmark Sensex on Tuesday snapped a seven-day losing streak by rising 23 points on buying by funds mainly in consumer durables and FMGC stocks ahead of monthly expiry in the derivatives segment amid a firming European trend. ...
09:43 AM, Mar 26, 2013
Aiming to check demand for gold, Finance Minister P Chidambaram on Thursday proposed inflation-indexed bonds and modified Rajiv Gandhi Equity Savings Schemes with a view to make financial instruments more attractive. "The household sector must be incentivised to save in financial instruments rather than buy gold. Increasing savings and their optimal allocation for productive uses lead to higher economic growth," he said while presenting the Budget. ...
04:04 PM, Feb 28, 2013
While most people in the market are bullish in the run up to the Union Budget, Dipan Mehta, member of BSE & NSE doesn't see the Budget having any large impact on the equity market. The domestic and global cues, according to Mehta, will at best have a short-term effect on the stock prices. ...
12:11 PM, Feb 25, 2013
Union Finance Minister P Chidambaram will launch the Rajiv Gandhi Equity Savings Scheme (RGESS) in Mumbai on Saturday, an official statement said. ...
03:39 AM, Feb 09, 2013
Shares of Dell Inc soared 13 per cent to a near eight-month high on Monday after Bloomberg reported the world's No 3 PC maker is in talks with at least two private equity firms about going private. ...
02:20 AM, Jan 15, 2013
Private equity funds invest over a seven to nine year cycle, so investments that were made in 2006 to 2008 will be the ones that will be ready for harvest. Unfortunately, many of those investments were made on business plans that don't look very achievable now. They all assumed a strong economic growth environment. This problem will be more for some sectors such as industrial goods as opposed to, say,...
11:43 AM, Jan 04, 2013
India will infuse Rs 2000 crore in equity into ailing state-run carrier Air India as part of a turnaround and financial restructuring plan, a government statement said on Friday. ...
02:15 PM, Dec 07, 2012
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03:07 PM, Dec 05, 2012
New Delhi: SBI on Friday said plans to revive Kingfisher Airlines will not work unless they are backed by fresh equity infusion. "Firm plan should be to bring equity... whatever plans they make (to revive the airline), plans have no meaning till equity comes," SBI Chairman Pratip Chaudhuri said in an interview to Zee Business. Pointing out that the airline again suffered losses in the March quarter to the tune...
03:38 AM, Jul 07, 2012
Anand Sudarshan Age: 52 years Designation: Vice chairman and managing director, Manipal Global Education Services (MaGE). Education: BE in E&C, NIT Trichy and PGDM IIM, Calcutta Career: Started with Nelco, then moved to a computer retail chain called Computer Point for four years; later co-founded Microland group and ran Planetasia.com as its CEO and then moved to NetKraft as CEO which was sold to Adea Solutions Interests: Sports watcher, reader...
04:35 PM, Jun 23, 2012
Mumbai: Air India unions on Thursday night appeared to have reservations over government's plan to hive off the carrier's engineering and ground handling services into two wholly owned subsidiaries as part of its turnaround strategy and they plan to have a meeting on Friday. A meeting of 7 unions under a joint front comprising pilots, engineers, a ground handling staff, technical staff etc will meet on Friday, a Air India...
03:40 AM, Apr 13, 2012
New Delhi: In what may come as a big fillip to Air India, the government is likely to take up for approval on Thursday its turnaround plan (TAP), including the issue of infusion of additional equity, in a bid to shore up the precarious financial position of the cash-strapped carrier. The Cabinet Committee on Economic Affairs (CCEA) might take a decision on the national carrier's TAP as well as its...
05:32 AM, Apr 12, 2012
Mumbai: The government owned gas utility GAIL India Ltd is evaluating several proposals for equity stakes and long-term supply deals in the United States, Middle East and Southeast Asia, its chairman said on Saturday. The company's strategy is part of the country's efforts to secure overseas energy supplies to satisfy rising domestic demand. Gail signed a deal with US-based Cheniere Energy in December to buy 3.5 million tonnes of LNG...
01:14 AM, Mar 25, 2012
New Delhi: In a bid to boost retail investors' participation in the capital markets, the government has introduced a tax exemption scheme for equity markets targeted at new investors in the Union Budget 2012-13. A scheme christened as Rajiv Gandhi Equity Saving Scheme is expected to deepen bourses investors base and reduce volatility. Under the proposed scheme, a 50 per cent deduction on short-term capital gains tax will be allowed...
06:58 PM, Mar 16, 2012
Mumbai: Cash-strapped Kingfisher Airlines on Tuesday said it has allotted equity shares against optionally convertible debentures (OCDs), a development that will help in saving interest outflow on such instruments. In a filing to the BSE, Kingfisher said, it has issued 7.98 crore equity shares to three entities - LKP Securities Ltd, Redect Consultancy and Star Investments - at a price of Rs 25.01 per share, in lieu of conversion of...
07:40 PM, Feb 21, 2012
Dr Mark Mobius, executive director, Templeton Emerging Markets Group, tells Pravin Palande and Shishir Prasad that he is optimistic about India and in many cases, a weak rupee may actually benefit some companies in the country. Dr Mark Mobius Profile: Executive director, Templeton Emerging Markets Group Career high point: Consistently voted as one of the most influential investment managers in the world Last vacation: Doesn't take any Known for: Travelling...
12:21 PM, Jan 11, 2012
New Delhi: India will allow individual foreign investors direct access to its stock market from January 15, the government said on Sunday, the latest step to liberalise Asia's third-largest economy after a year of big losses on the benchmark Sensex index. Previously, foreign nationals were limited to investing in India's equity market through indirect routes such as mutual funds, or through institutional vehicles. "The central government has decided to allow...
08:37 AM, Jan 02, 2012
