Areva T&D India has slipped 29% to Rs 140 on the National Stock Exchange on demerging its distribution (medium voltage) business operations into wholly-owned subsidiary, Smartgrid Automation Distribution and Switchgear Limited. The board of directors of the company has fixed Decembe…

Read More..

INFLATION FOR THE MONTH OF NOV AT 9.11% (EXPECTATION WAS AT 9.03%) vs 9.73% IN OCTOBER – post by Wayne …

Read More..

Benchmark Indices are trading slightly higher after making a lower beginning reacting to weak global cues. All eyes are on the November monthly inflation figure to be announced shortly. Global markets are down as Federal Reserve delivered little hope that it would turn on easing anytime …

Read More..

By Ryan Vlastelica NEW YORK (Reuters) – Stocks fell for a second straight day on Tuesday after the Federal Reserve gave no hints of new stimulus measures to offset the effects of the worsening European debt crisis. Though the Fed did leave the door open to further easing next year…

Read More..

The rupee sank to a record low of 53.21 per dollar on Tuesday on worries Europe’s debt crisis could exacerbate the growth slowdown in Asia’s third-largest economy. At 9:05 a.m. (0335 GMT), the partially convertible rupee was at 53.15/18, after falling 1.53 percent on Monday …

Read More..

Mumbai: It is a big sweep for the Nationalist Congress Party (NCP) and the Congress in the Maharashtra civic polls with the parties winning as many as 80 local bodies. The opposition parties, Shiv Sena and Bharatiya Janata Party (BJP) managed to bag just 14 civic bodies. The results sug…

Read More..

India’s industrial output shrunk by 5.1% in October after witnessing a sustained slowdown over the past few months, led by a steep fall in production of almost sectors, particularly manufacturing, mining and capital goods. Factory output, as measured by the Index of Industrial Prod…

Read More..

Already battered by corruption scandals, and less than a week after an embarrassing policy U-turn, the government admitted on Friday that it had accidentally inflated this year’s export figures by more than USD 9 billion. The cause was a glitch in the computer system that collates …

Read More..

Maruti Suzuki: Maruti started its downtrend almost a year back. All year was continuously making new lows. Gave a further breakdown in mid November when it closed below 1000 which was acting as a good support. After breaking 1000, it made a low of 940 and is now seeing some short coveri…

Read More..

CHICAGO (MarketWatch) — Warren Buffett has told the CBS News program “60 Minutes” that after he dies, he wants his son to become non-executive chairman of Berkshire Hathaway . Howard Buffett, a farmer with no college degree, would be a good successor, the elder Buffett s…

Read More..