Early on Monday morning, India’s leading telecom company Bharti Airtel announced it had renewed its effort for a significant partnership with MTN Group Limited and is exploring a potential transaction whereby, pursuant to a scheme of arrangement, Bharti would acquire a 49% shareholding …
Continue reading...Markets to remain upbeat on stable govt
With government along with the key-cabinet ministers in place, equity markets might continue their winning rally in the coming week. However, with weak cues from the global markets and profit-booking by the investors, domestic market might remain volatile, as expiry of future and option f…
Continue reading...Stocks in news: Unitech, Suzlon, HDIL, Ranbaxy, Spanco
Results today: Jet Airways, GHCL, HCC, Dishman, REC, Karnataka Bank, Tourism Finance Alert: Pranab Mukherjee to assume charge of Finance Ministry today Unitech board approves -Increase in paid up capital by up to Rs 200 crore -Issue of up to 227.5 million warrants @ Rs 50.75 to promot…
Continue reading...Budget will bear pressure of stimulus: RBI governor
MUMBAI: Delivering the keynote address at The Financial Management Summit ’09 hosted by The Economic Times, Reserve Bank of India Governor Dr Duvvuri Subbarao said the crisis emerging from the global recession has been the worst ever in his time. Under such a scenario, stimulus packag…
Continue reading...10,000 excess staff in Satyam, says new owner
Satyam Computer Services’ has more than 10,000 excess staff, new owner Tech Mahindra said on Friday, and the fraud-hit outsourcer’s chairman said revenues remained on a downward slope. Vineet Nayyar, the chief executive of Tech Mahindra which last month won an auction for a controlli…
Continue reading...What is circuit breaker?
The major bourses around the world often go for coordinated cross-market trading halts if a severe market price decline or gain reaches levels that may exhaust market liquidity spreading huge speculation. These limits, known as circuit breakers, may halt trading temporarily or, under extr…
Continue reading...Investor wealth swells by Rs 6.5 lakh cr in a minute
Investors have become richer by a whopping Rs 6.5 lakh crore in just a minute as the Sensex saw a historic 2,111 point rise to the 14,000 level as the markets cheered the decisive win of the ruling UPA government in the Lok Sabha elections.Investor wealth, measured in terms of the combine…
Continue reading...Top Sectors to watch out for
Liquidity-starved sectors such as infrastructure and realty could be the biggest beneficiaries of the vote of confidence for the UPA.A clear mandate for the United Progressive Alliance and the continuity of the current government’s policies are likely to keep the markets buoyant. M…
Continue reading...Sensex creates history; two upper circuits in one day
MUMBAI: Markets have stopped trading for the day as the benchmarks hit another upper circuit Monday as soon as the trade resumed after 2 hour break. Investors are euphoric after the United Progressive Alliance emerged victorious in the 2009 general elections. ( Watch ) Bombay Stock Excha…
Continue reading...New Congress-led government is expected to announce fresh stimulus in 100 days
The new Congress-led government is expected to announce a fresh economic stimulus during its first 100 days to pull the economy out of its present slowdown. Prime Minister Manmohan Singh had said during the election campaign that his government would come out with a stimulus within 100 da…
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