Tata Group firm Tata Capital said today that its public issue was oversubscribed six times, receiving bids worth more than Rs 3,000 crore on robust response from all categories of investors.The company would retain subscriptions worth Rs 1,500 crore from the issue of secured non-convertib…

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HONG KONG (Reuters) – Standard & Poor’s cut its outlook on India’s long-term sovereign credit rating to negative from stable on Tuesday, citing an “unsustainable” deterioration in the country’s fiscal position. …

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The Hinduja Group, one of the interested parties in acquiring a stake in Satyam Computer , today said it would prefer taking 51 per cent in the IT major. “It will be preferred if somebody can get 51 per cent. Suppose the open offer does not come to 20 per cent, then it will be less…

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Satyam Computer Services is likely to complete bidding process to rope in a strategic investor in the next three weeks and complete restatement of accounts by end-March, a top source said.”In the next three weeks, we will have a very clear picture about the strategic investor. We ex…

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WASHINGTON: Federal Reserve chairman Ben Bernanke said Tuesday he sees a “reasonable prospect” for an end to the deep US recession this year if he numerous rescue and stimulus programs work as intended. …

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NEW DELHI: The Finance Ministry said the fiscal sops given to provide stimulus to the slowing down economy will be effective from midnight on Tuesday and will have revenue implications of over Rs 28,000 crore. “The measures will lead to revenue loss of Rs 13,000 crore in service tax…

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NEW YORK (Reuters) – Stocks slid on Monday, sending the Dow Jones industrial average to its lowest in more than 11 years, as uncertainty about the government’s latest bid to shore up ailing banks, including Citigroup, diminished the appetite for riskier …

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MUMBAI: Investors need to learn from the ongoing recession which has wiped out wealth across the world. The meltdown has resulted in 70-80 per cent erosion in retail investor portfolio from the Sensex peak of 21,000. …

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NEW DELHI: Gold, considered a safe haven for investors, may see a slight correction during the week in the futures market to hover around Rs 15,400 per 10 gram level on the back of profit booking, according to analysts. …

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As the financial woes mount in the world’s largest economy, the number of failed American banks are climbing, with eight entities going belly up in February alone. Pushing the total bank failures this year to 14, another entity — Silver Falls Bank, Silverton — has been s…

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