The rupee hit a all time low in the early trade today as the liquidity tightening steps taken by Reserve Bank of India (RBI) since July 15 failed to prop up the currency. The Reserve Bank of India likely sold dollars via state-run banks, helping the rupee recover from a record low, three…

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Company reported a net profit of Rs 971.88 crore in the year-ago period Power Finance Corp today reported 23% jump in net profit at Rs 1,198.24 crore for the three months ended June, helped by higher income. The state-run lender, primarily for the power sector, had a net profit of Rs 97…

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Financial Technologies shares crashed more than 66 percent in morning trade Thursday after the National Spot Exchange (NSEL) suspended trading in all one-day forward contracts , except e-series contracts, amid fears of default. NSEL is promoted by the Financial Technologies India (FTIL…

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Mumbai: The rupee on Wednesday breached the 61-mark again against the dollar in early trade at the Interbank Foreign Exchange market, on heavy month-end demand for the US currency amid growth concerns. The rupee fell to as low as 61.12 to the dollar, not far from its record low of 61.21 …

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US stocks ended mostly higher on Tuesday following gains in technology shares and stronger-than-expected earnings from Pfizer. Dow Jones was flat nearing close at 15,525.The Standard & Poor’s 500 Index rose just 0.63 of a point, or 0.04 percent at 1,685.96. The Nasdaq advanced…

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Worry at US Fed policy & uncertain economic prospects; so far this month, FIIs have been net sellers at around Rs 18,400 crore Foreign institutional investors (FIIs) have dumped both Indian stocks and bonds this month, on worry that the US Federal Reserve would roll back its massive…

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Shares of Karnataka Bank were sold on an average price of Rs 98.36, while that of Punj Lloyd were offloaded at Rs 28.69 apiece Goldman Sachs Investments has lowered its exposure to Karnataka Bank and Punj Lloyd, selling shares of the two entities for over Rs 19 crore through open market …

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Tight liquidity will hit over-leveraged and cash-hungry companies, spare conservative ones State Bank of India Chairman Pratip Chaudhuri might be confident that lending rates would not increase despite the central bank’s liquidity-tightening measures, but corporate India is hardly conv…

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Mumbai: Rising for the fifth straight day, the BSE benchmark Sensex Tuesday closed at over 30-month highs gaining 143 points on earnings-related buying in consumer durables, FMCG and banking shares, amid firm global cues. The Sensex, which gained 308 points in past 4 sessions, advanced b…

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If Infosys set the tone at the beginning of the earnings season in FY14, Tata Consultancy Services, the country’s largest information technology (IT) services company, took it ahead on Thursday with a brilliant set of numbers, an all-round growth. The Mumbai-based company beat the Stre…

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