Mumbai: Investors awaiting divine intervention as they saw their wealth erode all through the month of May finally had something to cheer for. India's monsoon rains are likely to hit the southern Kerala coast in two days, a top weather official said on Monday, easing concerns about the onset delay threatening plantings of summer crops such as rice, soybean and cotton in the farm-dependent economy. The positive news helped the...
09:23 AM, Jun 04, 2012
Mumbai: It's been a rough start for the June series as the Nifty shed 80 points to close below 4850 dragged down by rate sensitives, commodity, utilities and technology stocks. A slew of bad economic cues from across the globe didn't help Indian equities either. Reports of monsoon rains over India's mainland will be delayed by about four days also weighed on sentiment. China's official purchasing managers' index fell to...
09:46 AM, Jun 01, 2012
Mumbai: After being down in the dumps for the better part of day, Indian equities staged a smart late trade recovery on hopes of a RBI rate cut to revive the sagging economy. Also, gains in European shares aided the recovery. The country's economic growth slumped in the January-March quarter to a nine-year low of 5.3 per cent as the manufacturing sector contracted and a fall in the rupee to...
09:41 AM, May 31, 2012
Mumbai: Mahindra & Mahindra Ltd, India's biggest utility vehicles maker, reported a forecast-beating 44 percent jump in quarterly profit, helped by an exceptional gain and strong volume growth in the face of rising input costs. Mahindra, which controls over 40 percent of India's tractor market, the world's largest, said slowing economic growth in Asia's third-largest economy and escalating global risks meant the near-term outlook for the company was challenging. "The...
03:59 PM, May 30, 2012
Mumbai: Shares in Tata Motors dropped as much as 11.8 percent on Wednesday, wiping more than $1.5 billion off the value o f the Indian car maker, following deep disappointment about the fall in operating margins at its Jaguar Land Rover unit. The steep decline came even after Tata Motors said on Tuesday fiscal fourth quarter net profit had more than doubled, as it had been driven by a one-off...
03:53 PM, May 30, 2012
Mumbai: It was a dull session for the markets as investors chose to remain cautious ahead of the upcoming F&O expiry and Q4 GDP data numbers on Thursday. The Sensex shuts shop at 16438.58 up 21.74 points or 0.13 per cent and the Nifty closed at 4990.10 up 4.45 points or 0.09 per cent. The breadth of the market was positive. About 1425 shares advanced, 1255 shares declined, and 743...
09:13 AM, May 29, 2012
Mumbai: The BSE Sensex and NSE Nifty closed flat on Friday after a sharply rally the day before on hopes of diesel price hike. Recovery in rupee and strength in European markets helped markets recoup losses in second half of trade. The BSE benchmark fell 4.48 points, to close at 16,217.82 after a swing of 155 points between intraday high and low. Shares of SBI, L&T, and metal stocks helped...
09:41 AM, May 25, 2012
New York: Facebook Inc and banks including Morgan Stanley were sued by the social networking leader's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its $16 billion initial public offering. The defendants, who also include Facebook Chief Executive Officer Mark Zuckerberg, were accused of concealing from investors during the IPO marketing process "a severe and pronounced reduction" in revenue growth forecasts, resulting from increased use of...
09:41 PM, May 23, 2012
Roger Martin The Man: The Dean at the Rotman School of Management, Toronto, gave us the terms Integrative Thinking and Design Thinking; showed us why its important to draw lessons from diverse fields to learn and innovate; his latest book is on what capitalism can learn from the National Football League. He tells CEOs how to remain true to ones character in the face of capital market pressure. The Oeuvre:...
12:43 PM, May 23, 2012
New York: If you were thinking of picking up a few shares of Facebook last week, when it went public at a price of $38, you might be seriously tempted now that the stock has fallen $7 in two days. But forget the dramatic drop. Investors should focus on the only question that matters: How much money will Facebook earn over the next several years, and is that enough to...
09:43 AM, May 23, 2012
Mumbai: Telecom major Vodafone India on Tuesday said its initial public offer this year is highly unlikely due to uncertainty over regulatory issues and pricing scenario in the sector. "It is highly unlikely that we are able to do an IPO in the middle of so many spectrum auctions. It depends on what the final decision on auction of spectrum will be," Vodafone India Managing Director and Chief Executive Marten...
03:39 AM, May 23, 2012
Mumbai: The BSE Sensex and NSE Nifty fell as much as 1.1 per cent each on Tuesday, weighed down by sharp depreciation in the rupee. However, the global markets stayed positive, even after Fitch downgraded Japan to A+ from AA. Indian equities underperformed global peers on Tuesday. The BSE benchmark lost 156.85 points or 0.97 per cent, to close at 16,026.41 led by 26 components. The NSE benchmark touched intraday...
09:04 AM, May 22, 2012
New York: Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going underwater. Facebook on Friday sold 421 million shares of stock in a deal that valued the company at more than $100 billion. But...
05:56 PM, May 21, 2012
Mumbai: The BSE Sensex and NSE Nifty showed a nice rebound in late trade on Friday led by outstanding performance by SBI in fourth quarter numbers and sharp recovery in rupee from record low to near previous close. However, the global markets stayed under pressure due to eurozone concerns and weak US data. Short covering helped markets close 0.4 per cent higher on Friday. The BSE benchmark rose 82.27 points...
09:13 AM, May 18, 2012
New Delhi: Air India's market share dwindled last month pushing it down to the fourth position among all Indian carriers as it registered the highest flight cancellations despite having no labour trouble then. Cash-strapped Kingfisher Airline's market share also dropped drastically to the last spot among all the domestic carriers, according to the April air traffic data released by the Directorate General of Civil Aviation (DGCA). The data showed Jet...
07:13 PM, May 17, 2012
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Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
