Due to knee-jerk reaction to the falling oil prices, Reliance Industries saw its stock price fall more than 11%. In the past few days, the stock has gained some lost ground but still it is trading at sub- Rs. 900 levels, which makes it attractive for investors, according to analysts. The…

Read More..

Markets to remain closed on Thursday (25-12-14) on account of Christmas …

Read More..

Spice Jet which is in a very difficult situation can see a change of guard if Indian and foreign investors, who are now carrying out due diligence of the cash-strapped airline, are convinced about investing over Rs 1,200 crore and picking up considerable stake in it, as per industry sourc…

Read More..

Credit Suisse report says lower commodity prices are a boon for India but the advantages are overstated The fall in crude oil prices to below $60 a barrel are set to positively impact consumer staples, consumer discretionary spends (like tyres, paints), cement and telecom companies, say…

Read More..

Petrol and diesel prices were last revised downwards on December 1 by Rs 0.91 a litre and Rs 0.84 a litre, respectively, on falling global oil prices. On December 2, the central government, for the second time in a row, took advantage of falling global prices to increase the excise duty …

Read More..

Merck will begin a $102-a-share tender offer for Cubist, the companies said in a statement today. The price is 37 percent above Cubist’s closing level on Dec. 5. Including net debt, the deal is valued at about $9.5 billion. Chief Executive Officer Ken Frazier said the deal will add to …

Read More..

Rupee depreciates further trading at 62.05 vs US Dollar extending yesterday’s weakness due to sustained month-end demand for the American currency from importers. Strong Dollar seen against other currencies overseas. Rupee ended at 61.93. …

Read More..

The country’s largest lender,State Bank of India (SBI) is looking fully prepared to grow as a global banking giant by taking a much bigger stride for its international business. In its international book, the bank has $39 billion worth of outstanding assets. There are plans going o…

Read More..

With the rise in the competition in Aviation sector & the expectation of getting the fuel at lower prices, the no. of passengers travelling through airlines has increased. Jet Airways stock has gained 25 percent since the start of October. Aviation shares are more in demand as the …

Read More..

On Wednesday, the shares fell in Europe and Asia while the Dollar went high hitting a new seven-year high against the yen, as investors focused on the divergent outlooks for the world’s major economies. On signs of disagreement between OPEC members before a meeting next week, pric…

Read More..