Reliance Industries (RIL), India’s largest private company, will be debt-free this year, Chairman Mukesh Ambani told shareholders at the company’s 37th Annual General Meeting here on Friday. RIL had an outstanding debt of Rs 67,397 crore on March 31 this year and cash and equivalents…

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The markets are trading firm after a quiet opening with the Sensex gaining 136 points at 18,632 and the Nifty crossed the resistance level of 5,600 briefly but is currently trading at 5,593 up 42 points. __________________ The markets have opened in the positive with the Sensex gaining…

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Shares in Sun TV and budget carrier SpiceJet plunged after media reports said a public lawsuit had named the companies’ chairman’s brother Dayanidhi Maran in a telecoms probe. Maran, who is the minister for textiles in the central government, is alleged to have favoured one t…

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Australia has reported its biggest quarterly fall in gross domestic product (GDP) in 20 years. Its economy contracted by 1.2% in the first three months of the year compared with the previous quarter, the latest government figures showed. The government said flooding and cyclones in the …

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MUMBAI: The Bombay Stock Exchange’s (BSE) Sensitive Index (Sensex) can climb as much as 19% even as investors debate whether soaring inflation will eat into growth and lead to earnings downgrades, said Morgan Stanley. Adani Enterprises , DLF and Coal India are top picks and small-ca…

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Gold declined by Rs 45 to Rs 22,820, while silver shed Rs 350 to Rs 57,250 per kg today due to a weakening global trend amid sluggish local demand. Traders said sentiments turned weak after both the precious metals recorded fresh losses in the global markets along with lack of buying in…

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Larsen & Tubro (LT) (1638.30) – Good support at 1580 levels. Resistance at 1660 (closing basis) State bank of India (2234.65) – Support at 2160, Resistance at 2330 ITC (188.95) – Facing strong resistance at 192-195 levels. support at 185 Reliance (945.45) –…

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Markets extended the morning gainsfollowing firm Asian peers and rally in metal shares. The S&P CNX Nifty gained 39 points, at 5,389 and the benchmark Sensex advanced 139 points, at 17,988. Markets bounced ahead of expiry because the markets were oversold on the technical charts. Ra…

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Shares of realty major DLF took a hit in morning trade on the bourses today, shedding 5% on the NSE after the company reported a drop in consolidated net profit for the quarter ended March 31, 2011. On the NSE, the stock plunged by 5.02% to hit a one-year low of Rs 208.10. On BSE, the s…

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Give robust guidance for the year, while client-specific issues continue to hit Sasken & MindTree. The March quarter results posted by midcap information technology (IT) companies were a mixed bag. While Hexaware Technologies, Polaris Software and Firstsource (FSL) posted good resul…

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