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Second largest US mall owner General Growth files bankruptcy

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

NEW YORK: General Growth Properties Inc, the second-largest U.S. mall owner, declared bankruptcy on Thursday in the biggest real estate failure in U.S. history. Ending months of speculation, General Growth, along with 158 of its 200-plus US malls, filed Chapter 11 while it tries to refin...

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Market Review for 17th April 2009

Posted on: Thursday, April 16th 2009 and is filed under Market Outlook.

BSE Sensex: (10947) we said ‘ we are in a stretched zone and we must also not forget a sharp reaction if it comes’ and the market gave a reaction as expected and the market closing in the negative and generating in the process a typical reversal pattern which basically means a profit ...

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Domestic institutions net sellers of Rs 1,124cr

Posted on: Thursday, April 16th 2009 and is filed under Market News.

Domestic institutional investors (DIIs) were net sellers of Rs 1,124.24 crore (provisional) today, according to data released by BSE.While DIIs made gross purchases of Rs 839.70 crore, gross sales totalled Rs 1,963.94 crore. ...

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Worst seen over, but market at mid-term resistance

Posted on: Thursday, April 16th 2009 and is filed under Market Outlook.

MUMBAI: The recent rally across the global markets has surprised many analysts and economists, as they were of the view that the worst was still to come. ...

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Inflation close to zero, food items still costly – wk 16 April’09

Posted on: Thursday, April 16th 2009 and is filed under Press Releases.

New Delhi, April 16: Inflation eased to 0.18 per cent, a new low in over 30 years, although vegetables cost 25 per cent more than it did a year ago and so did other food items – making it a political scoring point in Parliamentary polls underway from Thursday. ...

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Indian investors most optimistic in Asia: ING

Posted on: Thursday, April 16th 2009 and is filed under Press Releases.

New Delhi: Indian investors have emerged as the most optimistic lot in Asia and along with their Chinese counterparts have driven an increase in the region’s overall investor sentiment in the first quarter of this year, a latest survey says. ...

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Satyam given more time to declare quarterly results

Posted on: Thursday, April 16th 2009 and is filed under Stock News.

Giving relief to the scam-hit Satyam Computer, the Company Law Board (CLB) on Thursday extended time limit for the IT company to declare quarterly financial results and file statutory documents up to December 31, 2009. ...

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Export-status of RIL refinery ends

Posted on: Thursday, April 16th 2009 and is filed under Stock News.

New Delhi, April 16: The Export Oriented Unit status of Reliance Industries’ Jamnagar refinery in Gujarat has ended, allowing the company to sell petrol and diesel locally including through its 1,432 now-closed petrol pumps. ...

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Areva T&D wins power transformer order from Powergrid

Posted on: Thursday, April 16th 2009 and is filed under Stock News.

These are the highest in rating 400 KV 3 phase Class transformers in the country Areva T&D has received a order for two 500 MVA Power Transformers from Power Grid Corporations of India Ltd. ...

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Bad news from Infosys, good news from Sachs, Sensex

Posted on: Thursday, April 16th 2009 and is filed under Press Releases.

Bangalore: Infosys Technologies, bellwether of the Indian infotech industry, announced sobering results on Wednesday that reflected the worsening global downturn. For the first time ever, the company announced a 1.8% drop in revenues in dollar terms in the quarter-ended March 31. ...

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