Ahmedabad: The police on Sunday recovered 10 crude bombs from the Shah Alam area here. The bomb disposal squad was summoned to defuse the bombs. The police are looking for possible links with the July 13 serial bomb boasts in Mumbai. A few electronic devices too have be recovered. All t…

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It is nowadays rare to see a bull smile on Dalal Street. Friday was different, as the bulls saw a sudden 1,000-point Sensex rally flash on their screens. But before they could rejoice, it became clear that the reason was a technical glitch. During the morning session, the 30-share Sensex…

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Markets traded on a lacklustre note in the mid-mornng deals on back of selling visible in auto, metal, healthcare and FMCG stocks. The Sensex was at 18,561, lower by 56 points and the Nifty was at 5,579, lower by 21 points. Sterlite Industries was the top loser among the Sensex stocks. I…

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Development Credit Bank (DCB) today reported a Rs 8.8 crore profit for the first quarter ended June 30 as against a net loss of Rs 2.9 crore in the year-ago period, driven by a surge in retail deposits and lower provisioning. Provisions came down substantially in the reporting quarter an…

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After opening in the positive the Sensex continued to move higher and touched an intra-day high of 18,577. Thereafter the index lost its steam and is currently trading at 18,508 up 96 points and the Nifty gained 32 points at 5,558. The broader markets on the other hand advanced in the mo…

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Shares in Asia have fallen as investors reflected fears in Europe that the region’s debt crisis could spread to Italy and Spain. Stocks also fell in Tokyo after the Bank of Japan downgraded its estimate for economic growth this year, following the devastation caused by the earthqua…

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Mounting bad news takes a toll on Sun TV’s stock, but analysts say company’s fundamentals still remain strong In the past two months, Sun TV has gone through one of its most turbulent periods since inception. Its stock price has see-sawed wildly, largely due to the twin blows of a ne…

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The PE player holds 9.99% stake valued at Rs 2,687 crore. US-based private equity (PE) player Providence Equity Partners is considering an exit from Idea Cellular, the flagship telecom company owned by the Aditya Birla Group. Providence holds 9.99 per cent in Idea Cellular. The stake is …

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Gold prices are likely to hit Rs 25,000 per 10 grams by this Diwali due to rise in demand for the yellow metal as a better investment alternative, analysts said. The European Union’s economic crisis and sluggish market recovery in US is leading to increased investments in silver al…

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The shares of coal mining companies— Coal India and Sesa Goa have plunged more than 8% each after the a 10-member Group of Ministers (GoM) headed by Finance Minister Pranab Mukherjee on Thursday approved the new Mining Bill. According to Mining Bill coal companies will have to share 26…

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