On a sequential basis, the copper business performed better than the aluminium business Aditya BIrla’s flagship Hindalco Industries net profit dropped by Rs 144 crore to Rs 359 crore for the second quarter ended September 30, 2012. Total revenues for the company stood at Rs 6,164 cro…

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With the US presidential elections just a day away, campaigning will end tonight, bringing down the curtain on several months of high voltage exchange of words between US President Barack Obama and his Republican challenger Mitt Romney. Continuing with their hectic election campaigning a…

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After slipping below key support levels in intra-week trade, the markets bounced back smartly. The Sensex dipped below its crucial 18,500-support to touch a low of 18,393, before rallying to a high of 18,794 on buying optimism. It ended the week at 18,755, a gain of 130 points. Among the…

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Bangalore: Indian IT bellwether Wipro Ltd Friday projected higher revenue, albeit marginally, from its flagship IT services business for the third quarter (October-December) of this fiscal (2012-13) on signs of growth in the technology space. “We expect revenue from our IT services…

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Even in bad times, Vijay Mallya has managed to make a neat cash pile for himself by selling a part of his stake in United Breweries Holding Ltd (UBHL), which enjoyed a dream run on the stock exchanges between June and September this year. UBHL is a holding company for Mallya’s other fi…

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There is not much demand for Maruti Suzuki’s petrol cars and it cannot produce enough diesel cars that are selling like hot cars, which has affected its bottomline New Delhi: Maruti Suzuki India Ltd (MSI), the country’s largest car maker on Tuesday reported 5.41% decline in …

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Mumbai: Acting cautiously, the Reserve Bank on Tuesday slashed the Cash Reserve Ratio (CRR) by 0.25 percent – the percentage of deposits banks keep with central bank – but refrained from reducing lending rates in view of high inflation. Following the cut, CRR will now come do…

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The market has now range traded for the last four weeks. Perhaps the credit policy will provide animpetus for a breakout. The short-term support for the Nifty is between 5,625 and 5,675, with short-term resistance at 5,700-5,725 and further resistance all the way till the 52-week high of …

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A comprehensive shake-up of the government that had the imprimatur of Prime Minister Manmohan Singh and Congress Party President Sonia Gandhi was effected today, with the induction of 22 new ministers and changes in the portfolios of several others. The Rahul Gandhi touch was missing in t…

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Marketed as a retail venture, Q Shop has been endorsed by top cricketers like Dhoni and Tendulkar to promote Q-shop as a fight against adulteration In a strong and well meaning move, the securities and exchange board of India (Sebi) today told investors in optionally fully convertible d…

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