Share Market

  • Cynk: This $4.7 billion company has no assets, no revenues, no website and one employee July 11, 2014

    New York: It has no assets, no revenues and no business plan to speak of. But a company called Cynk Technology has seen its value soar as high as $4.7 billion. Wall Street analysts have been at loss to explain the spectacular 24,000 per cent rise in Cynk, which trades on...
  • What if Modi falls short? Some market players brace for shocker May 10, 2014

    Mumbai: Indian markets are so confident the opposition party led by Narendra Modi will win the country's elections that brokers fear anything short of a decisive victory could spark the worst sell-off in years. Shares hit a record high on Friday as opinion polls pointed to a sweeping win for the...
  • Google shares break $1,000 barrier as mobile pays off October 18, 2013

    San Francisco: Google Inc shares jumped past $1,000 on Friday as investors bet on the Internet company's continued dominance of the mobile and video advertising businesses despite aggressive competition from Facebook Inc and Yahoo Inc. Shares of the world's No. 1 search company rose more than 13 percent to hit an...
  • Google eyes a pie of online photograph sharing market August 20, 2013

    Mumbai: Internet giant Google said it would increase its focus on photograph sharing here by offering tools to help both professionals as well as amateurs to share their images. Currently, Facebook, Pintrest and Flickr lead the online photograph sharing market, of which Google aims to corner a larger pie. ...
  • Infosys dips 9 per cent on poor Q1 results July 12, 2012

    Mumbai: Infosys' consolidated net profit fell 1.16 per cent quarter-on-quarter to Rs 2,289 crore in the quarter ended June 2012. In the previous quarter company had reported net profit of Rs 2,316 crore. Net profit was lower than analysts' expectations of Rs 2,448 crore during the same quarter. Its revenues rose 8.63...
  • Nikkei falls over 2 pc on Eurozone debt woes November 3, 2011

    Tokyo: The Nikkei share average fell more than 2 per cent on Wednesday to a three-week low on resurgent fears over the euro zone's debt woes, after Greece's surprise call for a referendum threatened to scupper a bailout plan aimed at containing the crisis. Some investors also sold to square positions...
  • Nikkei slips as global growth worries weigh August 18, 2011

    Tokyo: Japan's Nikkei stock average fell for a second straight day on Thursday, hurt by the Yen's persistent strength and fears the US might be heading for another recession, with many investors on the sidelines ahead of US economic data. Chip-related shares underperformed after Dell's disappointing sales outlook fanned worries that...
  • Sinha assumes office as 8th SEBI Chairman February 18, 2011

    Mumbai: Upendra Kumar Sinha on Friday took charge as market regulator SEBI's Chairman from the outgoing Chief Chandrashekar Baskar Bhave, who is said to have considerably raised the bar of the institution during his three-year tenure. As the 8th Chairman of the market watchdog, 'UK', as he is known among his...
  • Anil Ambani firms barred from stock market investment January 15, 2011

    Mumbai: Anil Ambani and four board members of Reliance Natural Resources Limited (RNRL) have been barred by the Securities and Exchange Board of India from investing in the stock market till December 2011. The four board members who have been banned along with Group Chairman Anil Ambani are Satish Seth,...
  • Gurgaon businessman kills self over market losses November 17, 2008

    New Delhi: Despite the global economic gloom not having affected Indian economy as badly as it has hit bigger economies like the US, UK and Japan, it has spelt disaster for many. The latest to fall prey to the economic crisis is a businessman who committed suicide after he lost...
  • Sensex sparkles on Diwali trading | Daruwala predicts October 28, 2008

    Mumbai: It was cracker of a Diwali at the Bombay Stock Exchange Tuesday evening when the bourse registered a sharp 547-point rise bringing back some enthusiasm among investors after last Friday's bloodbath. As investors made token deals during the auspicious muhurat trading for Samvat 2065, the 30-share barometer of Bombay Stock...
  • Markets end in green on confidence boosting cues October 21, 2008

    Mumbai: Despite the arrest of a state-level politician and the resultant violence here, Indian equities finished in the green on Tuesday, buoyed by the cut in a key lending rate by the central bank. Prime Minister Manmohan Singh's statement on Monday that the Indian economy continued to be resilient and...
  • Market crisis: Investors' morale low, savings in peril October 9, 2008

    Mumbai: It's not just investment bankers and traders who have been hit by the financial crisis. In India, the profile of investors includes the retired, the housewives and the middle class. Many have just seen their savings wiped out. The torrid financial wave has hit like a tsunami. Global markets seeing...
  • Wall Street impact, Indian broker commits suicide September 19, 2008

    Indore: Failing to cope up with the growing uncertainty in the Indian markets, another stock broker committed suicide in Indore, allegedly out of desperation after a fall in the markets. Though Indore police have not confirmed the death as a suicide, family members say he may have...