By fe Bureaus The country’s largest two-wheeler maker Hero Honda on Friday registered a 15% decline in net profit in September quarter, its biggest drop in quarterly profit in three years, on higher raw material costs, capacity constraints and increased competition. Net profit stoo…

Read More..

The death toll from a tsunami that hit several remote islands in Indonesia has risen to at least 282, officials say. Rescue teams on the Mentawai islands say hundreds are still missing, two days after a 7.7-magnitude earthquake triggered a tsunami in western Sumatra. Officials say there…

Read More..

By Press Trust of India After missing three deadlines, mobile number portability (MNP), which allows subscribers to retain numbers even after changing service operators, will be rolled out in November, Telecom Minister A Raja said. “November 1 onwards, MNP would be operational par…

Read More..

Showing their faith on the Indian economy, overseas funds infused a whopping $6.11 billion in October, the highest amount brought in any single month by the FIIs since they were allowed for investment in local stocks. With an investment of $6.11 billion in just 25 days in October, the to…

Read More..

Coal India’s initial public offer (IPO), the country’s largest, it subscribed more than 15 times, getting huge response for the Retail, Foreign and Domestic Investors Its IPO issue price fixed at Rs 245 a share. The government sold 631.6 million shares or 10 per cent of its s…

Read More..

By Diksha Dutta The just-concluded earnings season of the country’s top four IT firms reveals that the recruitment levels in the $60-billion IT industry has returned to its October-December 2007 peak. The icing on the cake is the news that average attrition in the industry saw only…

Read More..

State-run Coal India’s initial public offer (IPO) to raise as much as $3.5 billion was covered more than 10 times on the third day of the issue launch, exchange data showed, as large investors crowded in on the final day for institutional orders. The IPO, the largest in Indian corp…

Read More..

NEW YORK (AP) — Bank of America Corp. said Tuesday it lost $7.65 billion during the third quarter due to a charge related to credit and debit card reform legislation passed over the summer. In a dramatic shift, the bank also said it will change its consumer banking strategy to focu…

Read More..

Huge interest from FIIs; retail investors, CIL staffers less enthused. The much-awaited Initial Public Offer (IPO) of Coal India Ltd (CIL) opened for subscription today and was subscribed 34 per cent (0.34 times) on the first day. And, contrary to the trend seen in most of the recent iss…

Read More..

Following is the list of stocks having the maximum P/E (PE). For people who don’t know what P/E is about I recommend them to check it out here. The list is generated as on 16th October 2010 …

Read More..