New Delhi: Real estate firm DB Realty today denied any involvement in the kickbacks-for-loans scam unearthed at LIC Housing Finance, asserting that it followed the rules and is willing to help the CBI in the investigation process. “DB Realty has followed the rule of the law in rais…

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Auto-maker Mahindra & Mahindra today reported a 41.92 per cent jump in its sales at 34,062 units in December 2010 over the same period previous year. The company had sold 24,001 units in the corresponding month of 2009, Mahindra & Mahindra (M&M) said in a statement. Total…

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NSEGuide team wishes you, your family and friends a very happy and a Prosperous new year. Your New Year Resolutions must be ready by now. Hope you have also made some about your investments. If not….. then lets resolve to – Have a clear financial goal – something that is tru…

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NEW YORK: U.S. stocks opened modestly higher on Wednesday, indicating stocks were on track to extend a December rally as investors remained bullish about the prospects of a global economic rebound in 2011. The Dow Jones industrial average was up 12.71 points, or 0.11 per cent, at 11,588….

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Here is the link to check for the Punjab Sind Bank IPO allotment status: http://175.41.133.150/site/ipo.asp …

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A consortium of private equity firms Apax Partners and iGate are close to buying 63 percent of Patni Computer in a deal valued at about $915 million, a source said on Monday. The Apax-iGate consortium has offered about Rs 500 a share for the stake, the source said, adding that a deal wou…

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Big names like the Ambanis, Tatas and Mittals do not necessarily mean big returns and small names come with much bigger risks — this could well be the big lesson the stock market taught investors in 2010. As the year draws to a close, the overall impression given by the market thro…

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The Securities and Exchange Board of India (Sebi) has banned P S Saminathan, former chairman of Pyramid Saimira Theatre, from dealing in securities in any manner for 10 years, for allegedly inflating profit and revenues. Saminathan has also been barred from being a director in any listed…

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Alex Kennedy, Associated Press, On Thursday December 23, 2010, 2:44 am SINGAPORE (AP) — Oil prices rose to fresh two-year highs near $91 a barrel Thursday in Asia as a U.S. stock market rally boosted optimism that demand will improve. Benchmark oil for February delivery rose as hi…

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JSW may emerge as the largest domestic steel producer as debt-stricken Ispat returns to profitability, say analysts. JSW Steel’s move to acquire Ispat Industries is a win-win deal for both companies. On the one hand JSW will get to consolidate its position in the domestic steel manufac…

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