UPDATE – BREAKING NEWS FROM CNN – Radiation level readings have decreased at Japan’s Fukushima Daiichi nuclear plant, Japan’s chief Cabinet secretary says. …

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Deal values Reliance Capital’s life insurance arm at Rs 11,500 cr. Reliance Capital has agreed to sell a 26 per cent stake in its life insurance arm to Japan’s Nippon Life Insurance for Rs 3,062 crore. The deal, the largest foreign direct investment (FDI) in the country’s insurance…

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CANNES(FRANCE): Nouriel Roubini , the economist who correctly predicted the global financial crisis, warned on Thursday that some advanced economies could experience a double dip recession if the price of oil climbs to $140 a barrel. “It the turmoil in the Middle East becomes much …

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Now get Nifty 1,2,3,5,10,15 and 30 Minute live charts for free at Chartink.com with other Technical indicators such as Accumulation/Distribution, Aroon Oscillator, Aroon Up/Down, RSI, Avg True Range, Fast Stochastic, MACD, Williams %R…

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Strap: 75% IPOs are trading below their issue price The newly listed companies are having the worst time of the current market carnage, with the Bombay Stock Exchange (BSE) IPO index touching a record low today.The index was down 2% at 1,688 (12.30 pm) as most of the new issues declined…

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Taking its price war with main rival National Stock Exchange (NSE) up a notch, the Bombay Stock Exchange (BSE) has announced the waiver of all transaction charges for brokers from semi-urban areas with effect from next month. The move is a part of the BSE’s efforts to attract more …

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Terming the Pune land grab scam as “larger than the 2G spectrum scam”, the Bombay High Court today said it was inclined to direct Maharashtra government to transfer investigations into the case to CBI. A Division Bench of Justices B H Marlapalle and U D Salvi gave the governm…

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A day ahead of its follow-on public offer, Tata Steel today said it will double its investments on European operations to 400-425 million pounds (Rs 2,900-3,000 crore) annually in the next couple of years to increase productivity. “Our focus in Europe is on restructuring… We …

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Housing regulator, National Housing Bank (NHB), which is awaiting $500 million loan from the World Bank for low cost housing, today said property prices would rise in the next one year, but that would result in correction in these rates in all the metros subsequently. “In the next …

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Police say Sanjay Gupta helped invest Hero funds in scam In a dramatic turn to the multi-crore Citibank financial fraud, the Gurgaon police today arrested Sanjay Gupta, associate vice-president of Hero Corporate Services, on charges of forging documents and criminal conspiracy.Three days…

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