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…
Continue reading...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 …
Continue reading...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 %…
Continue reading...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…
Continue reading...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…
Continue reading...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 …
Continue reading...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 …
Continue reading...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….
Continue reading...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 …
Continue reading...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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