MUMBAI: Market expectations were dashed after stand-in finance minister Pranab Mukherjee presented an interim budget for FY09-10 which was merely a statement of accounts. Traders had built positions in beaten down sectors like realty, banks, capital goods and …

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Last week, the Sensex opened at 8707.35 attained a low at 8619.22 and moved up to register a weekly high at 8998.31 before it closed the week at 8891.61 and thereby showed a net rise of 48 points on a week-to-week …

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Ex-Dawnay Day top team to set up co: The former senior management of Dawnay Day AV Financial Services, led by MD and group CEO Arpit Agarwal — who had quit a month ago, is now in the process of setting up an investment company. The venture is believed to be backed by a group of foreig…

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Fed Chairman Bernanke raised eyebrows (and, briefly, the market) last week when said there’s a “reasonable prospect” the economy will bottom this year and be in recovery in 2010. But Berkshire Hathaway’s Warren Buffett disagrees: The economy “will be in sham…

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The polling for electing a new Union government and the next Lok Sabha would be held between April 16 and May 13, Chief Election Commissioner, N Gopalaswami, announced here today. Counting will be held on 16 May. By the morning of 17 May, a new Lok Sabha – India’s 15th – will have t…

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NEW DELHI: Reliance Industries will displace US energy major Chevron Corp to become the 13th largest oil refining company in the world after its board approved plans to absorb its Reliance Petroleum unit. …

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Mumbai: The country’s top-10 firms lost over Rs 21,000 crore from their market capitalisation in February, with Reliance Industries alone accounting for close to half of the value erosion from the elite club. The valuation of Mukesh Ambani-led Reliance Industries dipped below Rs 2,0…

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MUMBAI: The merger between Reliance Industries and Reliance Petroleum will give the benefit of combined operating profitability to the merged entity, while tax benefits through depreciation would be minimal as the two units will maintain independent accounts. …

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MUMBAI: A leading brokerage house today asked Reliance Industries to increase its disclosure level while pointing out that it was not providing key information like gross debt and cash position and capex breakdown for the past few …

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There is fresh proof to back the long-held view among those familiar with affairs of West Bengal that it’s a basket case. A study by two eminent economists has confirmed that things are going from bad to worse in the CPM- …

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