MUMBAI: Indian equities were witnessing profit booking in frontline stocks after the inflation figures were out. Traders who held on to their positions were getting out after inflation for the week ended February fell to 3.92 per cent against 4.39 per cent in previous week. …

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A saturated demand for new cars in Japan has helped India’s largest car maker by volume, Maruti Suzuki, to post higher sales in India than sales of its parent company Suzuki in Japan in 2008. Sales of Maruti Suzuki India (MSIL) during January-December 2008 stood at 697,850 units wh…

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New Delhi: Reliance Industries will start supplying natural gas from its eastern offshore KG-D6 fields by April, Petroleum Minister, Murli Deora has said. “It has been decided to supply the first 40 million standard cubic meters per day of gas to meet the shortfall of exiting gas-based …

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Washington: US president Barack Obama has signed into law the $787 billion economic stimulus package, which according to him would rejuvenate the American economy and create as many as three to four million jobs in the next two years. …

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NEW YORK: Former US Federal Reserve Chairman Alan Greenspan said on Tuesday the current global recession will “surely be the longest and deepest” since the 1930s and more government rescue funds are needed to stabilize the US financial system. …

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NEW DELHI: Buyers for fraud-hit Satyam Computer Services are likely to emerge by the end of February, a senior board member said on Tuesday. Asked whether he saw any buyer coming forward for Satyam, Deepak Parekh said: “Yes. By the end of this month.” …

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Rahul Mohindar of Viratechindia feels that there is good 5-10% downside in metal space. Mohindar told CNBC-TV18, “In terms of the metal stocks, Tata Steel as you mentioned specifically there I again see a declining trend. But the question is do we expect newer lows, do we expect a…

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New Delhi: Reliance Industries is likely to restart crude oil production from its predominantly gas-rich KG-D6 fields next month but the company will shut the fields again by late March or early April to hook up more oil wells. …

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MUMBAI: India’s gold futures on the Multi Commodity Exchange struck an all-time high of Rs 14,990 per 10 grams on strong global leads and weak rupee. At 10:03 a.m., gold futures traded up 1.48 percent at 14,924 rupees per 10 grams. …

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NEW DELHI: With acting finance minister Pranab Mukherjee having chosen discretion as the better part of budgetary valour, the onus of keeping the fires of the economy going has shifted to the country’s central bank, the RBI. Propriety, it would appear, has tied Mr Mukherjee’s hands. H…

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