The main reason for the decline in imports and trade deficit was dip in gold and silver imports, Director General of Foreign Trade (DGFT) Anup Pujari said India’s exports contracted by 4.6%, for the second consecutive month, to $23.79 billion in June 2013 compared to that in the ye…

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Total revenues rise 17.2% y-o-y; company leaves FY14 dollar revenue target unchanged at 6-10% India’s second largest IT services company Infosys today reported a net profit of Rs 2,374 crore for the first quarter of FY14, up 3.7% when compared to the corresponding quarter last year. T…

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Europe’s broad FTSEurofirst 300 share index was up 0.1% by 0745 GMT and the euro edged off a three-month low World shares pushed to three-week highs on Wednesday as weak Chinese data sparked talk of monetary easing in Beijing, while the dollar dipped as markets awaited minutes fro…

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Mumbai: After slumping to a new record low of 61.19 against the dollar in early trade, the rupee Monday recovered a bit to 61.04 in late morning deals on suspected intervention by the Reserve Bank. The local currency commenced the day’s trade at an all-time low level of 61.19 again…

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Penny, Small & Midcaps have not been witnessing good buying interest in last few months. They continue to trade weak. Majority of the trading/ investment is being done in Large cap stocks. Retail participation in markets is also quite low. It is best to invest in large caps on dips fo…

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Markets continued to trade firm in late morning deals on the back of bargain hunting and short covering in index heavyweights. Markets continued to trade higher in early noon deals led by gains in IT, FMCG and oil shares. The Sensex was up 132 points at 19310. Nifty was up 43 points at …

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Surprise pack includes Smart Global Ventures, INMACS Management, Suryamani Financing and UAE Exchange The 13th floor of the Reserve Bank of India’s headquarters in South Mumbai on Monday saw an unusual sight: Many visitors carrying huge cartons filled with documents lining up before th…

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Gold prices have plunged by Rs 1,150 to hit 23-month low of Rs 25,650 per 10 grams in the bullion market. This is the third-biggest single day decline ever. The largest fall was of Rs 1,250 recorded on April 13 this year. Bullion traders have attributed the sharp fall in the precious me…

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In the volatile week ended June 28 Indian stocks surged over 3%, snapping a three-week losing streak, after lower-than-expected CAD and a strong rupee In the volatile week ended June 28 Indian stocks surged over 3%, snapping a three-week losing streak, after lower-than-expected current a…

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Final say on pricing, allocation with govt The Union Cabinet has approved a proposal for a coal sector regulator, after prolonged discussion spanning a year. The move is aimed at infusing transparency in pricing and efficiency in mining operations of the key raw material for infrastructu…

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