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Posted on: January 20th, 2009 and is filed under Press Releases.

Stock market to remain range bound in 2009: Crisil

MUMBAI: Reiterating the significance of right timing while investing in equities, Crisil Research has said it expects the stock market to remain range-bound in 2009, after witnessing its sharpest decline in the history of Indian capital market last year. According to a latest Crisil Rese…

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Posted on: January 20th, 2009 and is filed under Press Releases.

Q4 numbers to be weaker than Q3: Brics Sec

Anand Tandon of Brics Securities expects the next quarter to be weaker than this quarter. “The Indian market results so far are on track and they haven’t shown any dramatic surprises by and large one way or the other and have tended to be a tad weak.” Commenting on Barack O…

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Posted on: January 20th, 2009 and is filed under Press Releases.

HDIL has support at Rs 82: Ashwani Gujral

Technical Analyst, Ashwani Gujral is of the view that HDIL has support at Rs 82. Gujral told CNBC-TV18, “Everything has a defined range even the real estate stocks although they may seem like they are moving without any reason. DLF Rs 165 those are sort of panic levels, where if yo…

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Posted on: January 20th, 2009 and is filed under Press Releases.

Don’t expect miracles from Obama: Warren Buffet

As the President-elect Barack Obama gets all set to walk into the Oval Office as the 44th President of the United States of America in less than 24 hours, Warren Buffet, Chairman of Berkshire Hathaway and Kirby Daley, Senior Strategist of the Newedge Group, comment on Barack Obama and the…

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Posted on: January 20th, 2009 and is filed under Press Releases.

Promoters will have to disclose pledging of shares

MUMBAI:The Securities and Exchange Board of India (Sebi) is set to make it mandatory for promoters to report to stock exchanges, if they pledge their shares to raise funds. At the primary market advisory committee meeting held on Monday, there was a consensus that irrespective of the qua…

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Posted on: January 19th, 2009 and is filed under Press Releases.

SEBI asks MFs not to give indicative portfolio, yields

The market regulator Sebi today prohibited mutual fund companies from showing indicative portfolio and yields in their debt and fixed income schemes, as the practice is misleading investors.”It is…Decided that the mutual funds shall not offer any indicative portfolio and indic…

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Posted on: January 19th, 2009 and is filed under Press Releases.

Unitech’s debt obligation reduced to Rs 600 crore up to March ’09

NEW DELHI: India’s second largest listed real estate developer Unitech on Monday claimed that its debt obligation up to March ’09 has reduced from Rs 2,500 crore to Rs 600 crore on account of repayment and roll over of loans. Of the Rs 600 crore loan, which the company is now …

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Posted on: January 18th, 2009 and is filed under Press Releases.

Investors pour $437 mn in Asia equity funds; India sees inflows

NEW DELHI: Global investors poured in 437 million dollars in Asia equity funds following an increase in risk appetites, with India-focused funds seeing inflows for the second week in a row this month despite the fallout of the Satyam fraud. Emerging markets equity funds again managed to a…

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Posted on: January 17th, 2009 and is filed under Press Releases.

Bank of America posts first loss in 17 years

NEW YORK (Reuters) – Bank of America Corp (NYSE:BAC – News), posted its first quarterly loss in 17 years on Friday and slashed its dividend, hours after winning a multibillion-dollar lifeline from the U.S. government to help absorb Merrill Lynch, which lost a record $15.31 bil…

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Posted on: January 17th, 2009 and is filed under Press Releases.

Wall Street Rebounds, Moves Higher in Volatile Trade

NEW YORK (AP) — Wall Street seesawed Friday as investors tussled with concerns about the ongoing turmoil in the banking industry and its impact on the economy but also placed bets on a range of consumer and industrial stocks. The major indexes were up in late trading after changing …

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