Markets to remain closed on 1st May’2012 on account of Maharashtra Day. …

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Market experts cite govt’s anti-tax avoidance rule (GAAR) proposal, S&P’s negative credit outlook for flight Press Trust of India / New Delhi Apr 29, 2012, 17:10 IST After pouring hefty funds into the Indian equity market in the first three months of the year,…

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After the adverse tariff and compression charges order, the capital’s monopoly compressed natural gas (CNG) and piped natural gas (PNG) player Indraprastha Gas Ltd (IGL) may lose its marketing exclusivity to new players. Downstream petroleum regulator, the Petroleum and Natural Gas Regu…

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The Exchange is upgrading the capacity of Futures and Options trading system hardware and software to the next generation system to improve processing capability and handle increased activities in the market. Existing Trading system architecture will be revamped by using a distributed …

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Against the backdrop of Standard & Poor’s downgrading India’s outlook to negative, Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty on Thursday said the country’s financial system was strong and all risks to growth and the economy were only internal, in terms of p…

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S&P revises India outlook to negative from stable Ratings agency Standard & Poor’s on Wednesday cut India’s outlook to negative from stable, citing slow progress on its fiscal situation, as well as deteriorating economic indicators. There is a one in three chance o…

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Essar Shipping is planning to cut its $1.1 billion debt (around Rs 5,740 crore). The company plans to drive up its valuations by deleveraging, even as it has a debt-to-equity ratio of 1:1, standard for shipping companies. “We would like to go further lower. Deleveraging is a big focus …

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For India’s largest IT services firm Tata Consultancy Services (TCS), the fourth-quarter and annual results for financial year 2012 were about setting milestones. TCS became the first IT services company in the country to cross the $10-billion mark (according to IFRS) in revenues for th…

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New Delhi: Helped by a huge cash pile of over Rs 70,000 crore, corporate giant Reliance Industries has become a debt-free entity — a feat its billionaire chief Mukesh Ambani had promised to achieve about ten months ago. At the end of last financial year ended March 31, 2012, Relian…

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Year’s turnover up by a third plan being readied with BP to address KG-D6 output fall Reliance Industries on Friday reported a 21 per cent fall in its net profit to Rs 4,236 crore in the quarter ending March 2012, as compared to Rs 5,376 crore in the same quarter a year earlier, e…

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