The stock market investors will usher in the new year on a leisurely note with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) declaring holiday on January 1, but the overall number of non-trading days will be just 11 next year for the bourses. With many of the holidays…

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Mumbai: Market regulator Securities and Exchange Board of India has asked the government to consider appropriate action against Reliance Industries for allegedly routing funds to dummy companies for buying large quantity of its shares in the year 2000. Based on retired justice B N Srikri…

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Reliance Industries created Rs 1,514 billion (Rs 1.5 lakh crore) worth of wealth, 15.6 per cent of the total created, in 2008-09. Wealth creation has been calculated in the latest study as a change in the market cap of companies between 2003 and 2009, duly adjusted for corporate events su…

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Following is a list of List of Holidays in 2010. 1. New Year – 1st January 2010 – Friday 2 Republic Day – 26th January 2010 – Tuesday 3 Mahashivratri – 12th February 2010 – Friday 4 Holi (2nd Day) – 1st March 2010 – Monday 5 Ram Navmi &…

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NSE/BSE to start trading from 9.00am from 4th Jan Based on the market feedback, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have decided to postpone the implementation of new markets timings by more than a fortnight. According to a release issued by NSE, i…

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The Bombay Stock Exchange has extended trading timings in equity and equity derivatives segments by 10 minutes. The move would be effective from this Friday (December 18, 2009). Trading in these segments will commence from 9.45 am onwards, instead of the present timing of 9.55 am onwards….

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The Commodity market regulator FMC has asked brokers to keep a close watch on “inactive trading accounts” to avoid possible misuse and warned that failure to do so would attract penalty. “To curb manipulation of inactive trading accounts, we have asked members (brokers)…

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Without a strong global economic recovery, the maritime sector will find it tough to overcome the demand-supply mismatch. While freight rates, an indicator of health of the shipping industry, have moved up from their September lows this year, a faster global economic recovery seems to be…

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Abu Dhabi feeds Dubai $10 billion to cover debt on deadline, calming financial worries for now DUBAI, United Arab Emirates (AP) — Oil-rich Abu Dhabi pumped $10 billion into its indebted neighbor Monday, sending stocks soaring while sparing Dubai and the rest of the Emirates federat…

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Body blow for real estate developers as state switches off tap to high-rise projects The Maharashtra government’s decision not to provide water connection to high-rise buildings (above seven floors) in Mumbai till 2012 has dealt a body blow to the city’s real estate developers. Deve…

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