NEW DELHI: GM India has announced that it continues all its normal operations and is not included in the court reinvention process of GM’s US operations. “We believe this step, which was taken with the support of the US government, is the most efficient and effective means for GM to …

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Matrix: -Mylan accepts exit price of Rs 211/share for Matrix Labs Mylan says -Will accept all tendered shares at Rs 211/sh -Will have over 90% stake in Matrix Labs, will delist company Bharti-MTN Deal: -Mikati Family, Major MTN shareholder, says to vote in favour of deal -Mikati Fa…

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NEW DELHI: Foreign institutional investors (FIIs) have invested almost $1 billion per week in May 2009 in Indian stocks with the overseas investors’ total inflows crossing the $four-billion mark so far this year. The net investment of foreign investors in the stocks of Indian compa…

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NEW YORK: Oil rose to a six-month high above $66 per barrel on Friday, marking its largest monthly percentage gain in more than a decade, after U.S., Japanese and Indian data suggested the economic downturn may be easing. Oil prices jumped around 30 percent this month, the largest monthly…

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MUMBAI: Most investors who bet their money on initial public offerings during the heady days of the 2007-08 bull market can heave a sigh of relief. The near 80% rally in key indices since March has translated into even bigger gains in the broader market, with the result that many of the r…

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Monthly income of average Indian crosses Rs 3,000: CSO The monthly income of an average Indian for the first time in the country’s history has crossed Rs 3,000, thanks to economic reforms and a high growth rate of above 9 per cent achieved for three years since 2005-06. The per capita…

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The sectors which registered significant growth rates in Q4 of FY09 over Q4 of FY08 are ‘construction’ at 6.8%, `trade, hotels, transport and communication` at 6.3%, `financing, insurance, real estate and business services` at 9.5%, and `community, social and personal services` at 12….

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COIMBATORE: The continuous upswing in the markets has brought the net asset value (NAV) of many mutual funds in the equity diversified category above Rs 10, a price at which new fund offers are available in the market. Of the 270-odd equity MFs, 61 funds whose NAVs plunged to single digi…

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NEW YORK (AP) — Investors are finding fresh reasons to bet on an economic rebound. Stocks rose Thursday as gains in commodities like oil and natural gas signaled that traders expect a strengthening economy will demand more energy. Robust demand at an auction for Treasury debt als…

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Contrary to assertions by Bharti Airtel’s management, the share-swap deal with South African telecom major MTN may trigger the open offer clause, according to a senior official in the Securities and Exchange Board of India. Sebi has based its assessment on Bharti Airtel’s off…

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