India market for the country’s largest software exporter Tata Consultancy Services (TCS) dropped by almost 9% on a sequential basis, said company’s CEO and MD N Chandrasekaran after the company announced a better-than-expected third quarter profit. “Except for India mar…
Continue reading...Domestic airlines set to get stronger wings
Govt preparing Cabinet note to lift restriction on international operations Ahead of the launch of two start-up aviation ventures – Tata-SIA Airlines and Tata-AirAsia – the government is looking at lifting restrictions, such as the minimum fleet size requirement and operation…
Continue reading...USFDA raises concerns about Ranbaxy’s Toansa plant – Shares fall as much as 9.1% to Rs 421.10
The US Food and Drug Administration (FDA) has raised concerns about the manufacturing practices at a factory owned by Ranbaxy Laboratories Ltd, the drugmaker said on Monday, sending its shares down to nearly a one-month low. All of Ranbaxy’s India-based factories are currently bann…
Continue reading...Full-fledged crisis? With IIP at -2.1%, economy catches a chill in November
NEW DELHI: Industrial production unexpectedly contracted in November as buyers burdened by inflation put off purchases while export growth slowed to a six-month low in December, dealing a severe blow to hopes that the economy had bottomed out and recovery was in sight. It may also have pu…
Continue reading...Rupee stays marginally lower; weak shares aid
The rupee continued to trade marginally lower at 62.37/38 versus its close of 62.31/32 on Monday, with weakness in the domestic share market helping. Domestic shares down 0.55 percent and will be watched for cues on foreign fund flows. The next key trigger for markets is likely to be th…
Continue reading...We want to remain a young exchange forever: NSE chief
It overtook within a year of launch, more than 100-year old Bombay Stock Exchange as India’s biggest bourse Having completed 20 years of operations, country’s top stock exchange NSE wants to remain a young bourse forever, while building on its experience to forge ahead on its…
Continue reading...Happy New Year!!
NSEGuide.com & Chartink.com wishes all its viewers a very happy and a prosperous new year!! …
Continue reading...Manmohan Singh to address media on Jan 3, speculation on exit rises
This will be the PM’s third full fledged press conference in the last 10 years of his term Will he or will he not? Social media is buzzing after a report was carried in The Telegraph on the PM announcing his resignation soon. The report says that while the final decision has not …
Continue reading...Stock markets may continue bull-run this week: experts
Auto stocks will be in focus as companies will unveil their sales data for December 2013, on Wednesday Stock markets are expected to continue their bull run this week amid robust overseas investments while global cues and quarterly earnings, starting next month, will dictate near-term tr…
Continue reading...DIIs may continue as net sellers of domestic equities: MFs
DIIs have net sold Rs 73,234 cr of domestic equities till so far this year, which is higher than the last year’s Rs 56,923 cr Domestic institutional investors (DIIs) may not be net buyers of Indian equities in the near term on lack of inflows and are likely to continue with redempt…
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