uzlon Energy, which recast its loans in January, is hitting the overseas bond markets to raise USD 650 million to prepay its forex debts, making it the first domestic company under CDR to do so, according to company and merchant banking sources. ...
12:44 PM, Mar 24, 2013
Falling for the sixth day in a row, the Bombay Stock Exchange (BSE) benchmark Sensex on Friday hit fresh four months low by losing over 57 points as cautious investors refrained from buying on current political worries amid weak global cues. ...
09:29 AM, Mar 22, 2013
A battered Bombay Stock Exchange was one of the most evocative images of the 1993 bomb blasts. Twenty years on, on the day of the verdict on Thursday, it was business at the stock exchange as usual. But for some, the wounds have still not healed. Kirti Ajmera, a stockbroker who underwent nearly 40 surgeries after being grievously injured in the blasts, says the Supreme Court's verdict has not brought...
07:37 PM, Mar 21, 2013
In highly volatile trade, the Bombay Stock Exchange benchmark Sensex on Thursday pared over 200-point gain to close the day 91 points down at nearly four-month low levels on emergence of fag-end selling amid new political developments and weak global cues. ...
09:47 AM, Mar 21, 2013
The rupee on Wednesday fell by 16 paise to 54.53 against the dollar in early trade at the Interbank Foreign Exchange market in line with weak local equities, following withdrawal of support by DMK to the Congress-led UPA government, despite RBI cutting its short-term lending rate. ...
10:28 AM, Mar 20, 2013
Key benchmarks fell for the fourth successive session on Wednesday, as concerns over the continuity of policy reforms and a slowing economy kept buyers at bay. The 30-share BSE Sensex fell 123.91 points to close at 18884.19. With this, the index has shed 686 points in the last four sessions. ...
09:53 AM, Mar 20, 2013
US stocks fell on Tuesday on uncertainty about how Cyprus will avoid a bankruptcy and possible reverberations in the euro zone as the region struggles to emerge from economic crisis. ...
01:02 AM, Mar 20, 2013
Shares nosedived on Tuesday as the DMK party's decision to pull out of the ruling UPA rattled investors, overshadowing the Reserve Bank of India's move earlier in the day to cut the benchmark repo rate by 25 basis points. The 30-share BSE Sensex crashed 285.10 points to end the day at 19008.10, and the 50-share Nifty fell 89.30 points to finish at 5745.95. ...
09:41 AM, Mar 19, 2013
Citigroup Inc has agreed to pay $730 million to settle a class action lawsuit on behalf of investors who said they were misled by the company's disclosures. ...
05:42 AM, Mar 19, 2013
China has become the world's fifth largest exporter of major conventional arms buoyed by Pakistan's growing import from its communist ally, even as India emerged as the leading buyer of weapons, a Swedish think tank said on Monday. ...
05:46 PM, Mar 18, 2013
The BSE benchmark Sensex on Monday slumped by 134.26 points to end at two-week low of 19,293.20 on heavy selling in global markets on reports of a proposed bailout of Cyprus which renewed concerns over Eurozone crisis. The Sensex, which had lost 143 points in the previous session, fell by 134.36 points, or 0.69 per cent, to 19,293.20, a level last seen on March 6. ...
09:46 AM, Mar 18, 2013
A 48-year-old stockbroker was arrested for cheating a former chairman of Coal India Limited (CIL) of his life savings of Rs.5 crore through illegal transfer of his shares, the police said on Saturday. ...
01:55 AM, Mar 17, 2013
The Bombay Stock Exchange benchmark Sensex on Friday fell by nearly 143 points on heavy selling in private banks, including ICICI Bank and HDFC Bank, following government's promise that action will be taken if any person is found guilty in the alleged money laundering scam. ...
09:26 AM, Mar 15, 2013
The BSE benchmark Sensex on Thursday jumped by nearly 208 points to end at 19,570.44 on heavy buying in realty, banking and capital goods scrips as core inflation in February fell below 4 per cent mark for the first time in nearly 3 years fuelling hopes of rate cut by RBI on March 19. ...
09:30 AM, Mar 14, 2013
The rupee on Wednesday gained 14 paise to 54.04 against the dollar in early trade at the Interbank Foreign Exchange on sustained selling of the US currency by exporters and banks. ...
09:58 AM, Mar 13, 2013
Falling for third straight day, the BSE benchmark Sensex on Wednesday tumbled by 202.37 points to one-week low of 19,362.55 on heavy selling in banks, auto and consumer durable shares due to fading rate cut hopes and fresh growth concerns, amid a weakening global trend. Besides rate-sensitive counters, shares from metal, IT, PSU and refinery sectors also were at the receiving end as 12 out of 13 sectoral indices ended...
09:34 AM, Mar 13, 2013
The BSE benchmark Sensex on Tuesday fell by 81.29 points to end at 19,564.92 on selling in consumer durables, realty and banking shares as higher-than-expected IIP data combined with rising retail inflation tempered hopes of an interest rate cut by RBI next week. After a firm start at 19,697.84, the S&P BSE 30-share Sensex tumbled by 81.29 points, or 0.41 per cent to 19,564.92. ...
09:55 AM, Mar 12, 2013
The BSE benchmark Sensex on Monday fell for the first time in five days by declining 37 points to end at 19,646.21 on fag-end selling in RIL, Infosys, ICICI Bank and TCS shares ahead of industrial production and inflation data on Tuesday. ...
09:49 AM, Mar 11, 2013
The rupee on Friday strengthened by 10 paise to Rs 54.46 against the US dollar, extending its rising streak for the third day, on the Interbank Foreign Exchange (Forex) market in the early trade on increased foreign fund flows amid firm local equities. ...
09:36 AM, Mar 08, 2013
As the market closed for the week, investors returned home with big gains on Friday. It was a massive rally on the Dalal Street with a steady swift upmove. The Sensex soared 269.69 points or 1.39 per cent at 19683.23 while the Nifty closed at 5945.70 up 82.40 points or 1.41 per cent. ...
09:21 AM, Mar 08, 2013
