Day two of the hope rally and U.S. and European stocks have jumped 5% to 7% in spite of the fact that no real and tangible solutions to Europe’s sovereign debt crisis have materialized. On Wall Street, they call that “buying the rumor.” It’s a wonderful concept, ex…

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Markets shall remain closed tomorrow(31-08-11) on account of Ramzan Id, and on Thursday (01-09-11) on account of Shri Ganesh Chaturthi Other holidays of 2011: 11. Dassera – 6th October 2011 – Thursday 12. Diwali Amavasya (Laxmi Puja) – 26th October 2011 – Wednes…

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The National Stock Exchange (NSE) today said it would launch derivative contracts on benchmark US indices S&P 500 and Dow Jones Industrial Average (DJIA) from Monday, a move that would help Indian investors to bet on the world’s most influential stock markets. “The NSE i…

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“Enjoy it while it lasts” the old saying goes. And much the same can be said about the longevity of the current bounce in the beaten down U.S. dollar. Today’s undeserved jump has been fueled by not one, but two Central bank interventions in as many days, as both Tokyo an…

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Mumbai: At least 20 people have been killed and 113 others injured in three bomb blasts that rocked Mumbai on Wednesday evening in the crowded Dadar, Opera House and Zaveri Bazar areas, police sources have said. Union Home Ministry confirmed that the blasts are terror strikes and added t…

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Silver prices rallied further at the domestic bullion market here today due to aggressive buying by speculators and traders on the back of strong rebound in global market. The yellow metal too shot up on sustained demand from stockists as well as firm jewellery offtake.In global market, …

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Suresh Kalmadi, sacked CWG organising committee chief, was today arrested by the CBI over alleged irregularities in the conduct of the sporting extravaganza, ending months of speculation. Official sources said 67-year-old Kalmadi, who was called to the agency’s new swanky headquart…

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Markets will be closed tomorrow on account of Good Friday …

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HDFC Bank has reported 33% jump in its fourth quarter net profit at Rs 1,115 crore on the back of higher other income and lower provisioning. Net revenues (net interest income plus other income) at Rs 4,096 crore for the quarter ended March 31, 2011 increased by 24% over Rs 3,302 crore f…

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New Delhi: Veteran social activist and Gandhian Anna Hazare on Friday said that he will end his fast on Saturday at 10 am. “People of India should see this as their victory,” said Hazare. A five-member Lokpal panel was announced on Friday – Anna Hazare, Shanti Bhushan …

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