Stocks, euro rise ahead of Irish budget vote, eurozone promise to support bailout fund in need Carlo Piovano, AP Business Writer, On Tuesday December 7, 2010, 5:37 am LONDON (AP) — European stock markets and the euro rose Tuesday after eurozone nations did not rule out increasing…
Continue reading...Stocks of companies with political links beaten down
The scam-polluted environment spells doom for stocks of companies with suspected links to political figures and parties For instance, HCC’s stock has plunged 38% from its level earlier in the month. It turns out that the controversial Money Matters Financial Services is associated…
Continue reading...SBI helps Ispat Industries with fresh money to prevent loan being classified as ‘bad’
In a brazen attempt at preventing its loan from being classified as a non-performing asset, the State Bank of India has just sanctioned Rs130 crore to Ispat Industres, adjusting Rs30 crore against earlier dues! Yesterday Moneylife wrote how an acute cash crunch has forced Ispat Industrie…
Continue reading...India, an economic power house: IMF
MF Managing Director Dominique Strauss-Kahn today described India as a “leading power” and an “economic powerhouse” going by the performance of the economy. “Your result here in terms of economic growth and also in terms of inclusive growth are really amazin…
Continue reading...Stocks Rally on Speculation IMF to Expand Europe Bailout
Stocks jumped, sending the Standard & Poor’s 500 Index toward its biggest gain in two months, amid improving data on the American and Chinese economies and speculation of a larger effort to end Europe’s debt crisis. The S&P 500 gained 2.1 percent, the most on a closing basi…
Continue reading...FII Nov inflows at $4.78 bn; touch record $39 bn in 2010
Mirroring their faith on the Indian economy, overseas funds have infused a staggering $4.78 billion in the capital market in November, taking the year-to-date total to $39 billion. With an investment of $4.78 billion in November, the total inflows of foreign institutional investors (FIIs…
Continue reading...Q&A: Anil Arjun, CEO, Reliance MediaWorks
Reliance MediaWorks (RMW) started in film processing with a small presence in the exhibition space after it took over Adlabs in 2005. Today, it runs the country’s largest multiplex chain and has presence in film services such as visual effects, film restoration, digital mastering studio…
Continue reading...GDP at 8.9% – Beats market expectations
GDP data released today was at 8.9% vs. market expectation of 8.3% …
Continue reading...US and South Korea push ahead with war games
By DAVID GUTTENFELDER and KIM KWANG-TAE, Associated Press David Guttenfelder And Kim Kwang-tae, Associated Press – Sat Nov 27, 11:22 am ET YEONPYEONG ISLAND, South Korea – The United States and South Korea prepared for war games Sunday as South Koreans demanded vengeance over a deadl…
Continue reading...On 26/11 anniversary, India reminds Pak of its responsibility
On the second anniversary of 26/11, India asked Pakistan to realise its “responsibility” to punish those behind the dastardly terror attacks. Also, prime minister Manmohan Singh vowed to redouble efforts to bring the perpetrators to justice. As the nation paid tributes to the 166 mar…
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