NEW YORK (AP) — Investors are betting that strength in banks will flow to the rest of the economy. Rising financial stocks are pulling the market higher Monday after an influential banking analyst raised her rating on Goldman Sachs Group Inc., which reports earnings Tuesday. Analys…
Continue reading...‘Govt to create 58 million job opportunities for labourers’
Government today said labour force in the country has seen an increase of nearly three per cent from 1995 to 2000 and the Eleventh Five Year Plan aimed at creating 58 million job opportunities for them. Quoting National Sample Survey Organisation (NSSO) figures, Minister of State of Lab…
Continue reading...Top 10 FMCG Stocks To Buy Now
FMCG companies have come out as distinct winners of the Budget. The Budget has allocated a lot of funds to rural India. In fact, in the post-Budget rally, the FMCG index of the BSE has outperformed the Sensex by giving a return of over 4% against a decline of almost 10% by the Sensex. Ot…
Continue reading...Stocks in news: BHEL, Sun Pharma, Geojit, Sterlite, Era
Results today: Axis Bank, Motilal Oswal, Gammon Infra, Indowind Energy, ETC Networks, TVS Electronics, Era Infra BHEL CMD Says -In talks with Sheffield UK for tech transfer in JV (joint venture) -In casting & forging JV with Sheffield UK, to invest Rs 1,000 crore in JV -In talks …
Continue reading...Singapore top Asian nation to invest in India
Singapore continues to be the single largest investor in India amongst the Asian countries with FDI inflows into India rising to Rs 15,776 crore in 2008 from Rs 1,417 crore in 2005 . Malaysia is a distant second with FDI inflows from there rising to Rs 453.8 crore in 2008 from Rs 21.3 cr…
Continue reading...Country’s 30-blue chip firms may witness 10% decline Q1 profit
NEW DELHI: The country’s 30-blue chip firms may witness as much as 10 per cent decline in their first quarter profits in the current fiscal, Earnings Measuring market volatility Ten hot money-spinners in India Long term plan for better returns Should you sell your stocks? prim…
Continue reading...Obama rejects 2nd stimulus: Give recovery time
WASHINGTON: President Barack Obama on Saturday dismissed the idea that the United States might need a second stimulus to jolt the economy out of recession and urged Americans to be patient with his economic recovery plan. Faced with rising unemployment numbers and criticism from Republic…
Continue reading...Buy Dr Reddys Laboratories: Indiabulls Securities Research
Indiabulls Securities Research has upgraded its rating on Dr Reddys Laboratories to buy in its July 07, 2009 research report. “Dr Reddy’s Laboratories (DRL)’s top line increased by an impressive 51.6% yoy, for the second quarter on the trot, in Q4’09, surpassing our expectat…
Continue reading...Infosys adds 27 clients in Q1
UMBAI: The country’s second largest software exporter Infosys today said it has added 27 new clients during the first quarter ended June 30, “27 clients were added during the quarter by Infosys and its subsidiaries,” Infosys said in a statement. However, on a quarter-o…
Continue reading...Warren Buffett says second stimulus might be needed
WASHINGTON: Legendary investor Warren Buffett said in an interview aired on Thursday unemployment could hit 11 per cent and a second stimulus package might be needed as the economy struggles to recover from recession. Buffett, the billionaire founder of Berkshire Hathaway, said America…
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