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Posted on: December 4th, 2009 and is filed under Market News.

Price rigging, market manipulation cases up

There has been a rise in the number of cases of stock market manipulation and price rigging, according to the Securities and Exchange Board of India (Sebi). Out of the 76 new cases Sebi took up for investigation in 2008-09, about 68 per cent pertained to market manipulation and price rigg…

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Posted on: December 3rd, 2009 and is filed under Market News.

Dow, S&P dip on banks, energy

NEW YORK (Reuters) – The Dow and S&P slipped on Wednesday, pressured by the financial and energy sectors, although the Nasdaq rose on positive news on online retailers such as Amazon. Investors also weighed mixed news on the labor market. Stocks pared early gains on concerns …

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Posted on: December 2nd, 2009 and is filed under Market News.

Nifty fails to sustain higher levels as Profit booking seeks in

Nifty today closed almost flat, ending 0.02 points higher. It manged to close at 5123 after making a Intraday high of 5161 and a low of 5111. Sensex slipped 28 points to end at 17169. Profit booking at higher levels was witnessed in Power Stocks. The Power and FMCG indices dropped 0.56 %…

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Posted on: December 1st, 2009 and is filed under Market News.

Tata Motors: Positives priced in

Tata Motor’s future profitability hinges on its ability to scale up JLR volumes and execute a slew of cost-reduction measures. The markets have given a thumbs-up to the improvement in consolidated numbers of Tata Motors for the September 2009 quarter. Its shares closed 5 per cent highe…

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Posted on: December 1st, 2009 and is filed under Market News.

SAIL not affected by slowdown

The global slowdown did not have any negative impact on the output of Steel Authority of India Ltd (SAIL) due to the growing domestic demand, said top SAIL officials. This was disclosed here on Monday by Steel Secretary Atul Chaturvedi. “Our production has remained steady due to the g…

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Posted on: December 1st, 2009 and is filed under Market News.

World Bank bars Siemens’ Russian unit for corruption

The World Bank has said it has barred a Russian subsidiary of Germany’s Siemens from participating in bank projects for four years, citing evidence of fraud and corruption. Limited Liability Company Siemens (000 Siemens) was debarred effective November 25 “for having engaged …

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Posted on: November 30th, 2009 and is filed under Market News.

India’s links to Dubai, and the UAE – Must read

India’s links to Dubai, and the UAE 11% of Gulf capital flows between in past few years headed to Asia Indian are 40% of UAE’s population; forming 10-12% of India’s inward remittances. 31% of the 5.3m Indians in the Gulf are in UAE. UAE forms 8% of India’s non-oil exports and …

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Posted on: November 29th, 2009 and is filed under Market News.

Tata Motors’ JLR on road to revival – Post profit of £41 million (Rs 314.55 crore)

Mumbai: Eighteen months after Tata Motors took over beleaguered luxury brands, Jaguar and Land Rover, a strategy of cost-cutting and pushing sales have helped the UK labels to post an operating profit of £41 million (Rs 314.55 crore) during the reporting quarter ending 30 September 2009….

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Posted on: November 26th, 2009 and is filed under Market News.

Euro Stocks Slide; Dubai Worries Hit Banks

By: Reuters European shares fell sharply on Thursday, hurt by debt problems in Dubai that sent bank stocks lower while commodity shares slipped on weaker crude and metals prices. France’s CAC and Germany’s DAX were down 1.7 and 1.8 percent respectively. Britain’s FTSE …

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Posted on: November 26th, 2009 and is filed under Market News.

Extended hours put on hold

Most market participants oppose plan to increase timings of stock exchanges. Strong opposition from market participants has made stock exchanges put their plans to extend trading hours on the back-burner. The National Stock Exchange (NSE), which was advocating extension of trade timings…

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