India’s largest real estate player, DLF, has sold its entire stake in Adone Hotels and Hospitality Limited (Adone) to Kolkata-based Avani Projects and Square Four Housing & Infrastructure for Rs 567 crore. This was in line with its strategy of divesting non-core assets to pare debt…

Read More..

New Delhi: India’s industrial output growth almost stalled in April compared with a year earlier, reinforcing expectations the RBI will cut rates next week to try to combat a slowdown in the economy. The government data showed that the output rose just 0.1 per cent in April, lower t…

Read More..

NEW YORK (AP) — Investors aren’t sold on a rescue of Spanish banks. Stocks fell on Wall Street, an early rally faded on European stock exchanges, and borrowing costs for Spain crept higher on the bond market Monday — all expressions of doubt about the latest fix for a debt …

Read More..

This week, a series of domestic and global economic data are expected to keep the market choppy Markets this week are likely to be volatile and may see bouts of profit booking as investors brace for a slew of events both on domestic and global front, including industrial production and …

Read More..

Younger companies such as technology majors Infosys and Wipro and mining firm Sesa Goa have created more value for their shareholders in the past two decades than what Reliance Industries has done since 1977. An investment worth Rs 1,000 in Reliance Industries’ initial public offer (IP…

Read More..

By Caroline Valetkevitch NEW YORK (Reuters) – Stocks jumped on Wednesday, giving the S&P 500 its best day since December, as talk of a rescue of Spain’s troubled banks and hopes for more monetary stimulus sparked a rebound from recent selling. After a 6 percent fall by …

Read More..

At a time when apprehensions of foreign investors shying away from India are being raised across the board, total foreign institutional investor (FII) inflows in equity and debt during the first five months of the current year, is still the highest since 2001. According to the data curre…

Read More..

The euro slid 0.3% to $1.2400, moving closer to the $1.2288 it hit on Friday, its lowest level since July 2010. European shares joined a global sell-off in riskier assets on Monday after disappointing May economic data from the United States and China overwhelmed any positive impact from…

Read More..

LONDON (Reuters) – Weak Chinese data and worries about Spain’s banking sector drove the euro to two-year lows against the dollar and safe-haven German Bund futures towards record highs on Friday. European stock futures (.FTEU3) steadied at the open after falling towards their…

Read More..

The country’s economic growth fell to 6.5 per cent in 2011-12, according to official figures released on Thursday. The growth was the lowest in nine years, including the global financial crisis period of 2008-09 when it was 6.7 per cent. The advance estimates for 2011-12 had pegged the …

Read More..