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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Global investors have poured in over $794 million in Asia-dedicated equity funds in the first week of April as India-focussed funds broke their 11-week outflow streak.According to the data complied by international fund tracking firm EPFR Global, all the Asia – excluding Japan &#82…

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Shares of software firm Tech Mahindra today settled the day with a jump of over 12 per cent on the BSE, buoyed by its success in the race for acquiring majority stake in the Hyderabad-based IT firm Satyam Computer. …

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NEW YORK (AP) — Stocks bounded higher Thursday after banking giant Wells Fargo & Co. surprised the market with an early profit report that blew past analysts’ expectations thanks to a strong pickup in its lending business. …

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MUMBAI: Shares of JSW Steel gained momentum Monday after the steel manufacturer achieved its highest-ever during the fourth quarter ended March 2009 registering 11 per cent growth to 11.06 lakh tonne over the corresponding quarter last year. …

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India’s top-most corporate entity Reliance Industries (RIL) and Tata group firm TCS are among firms which paid thousands of dollars to President Barack Obama’s top economic adviser Lawrence Summers either for his association with the firm or for giving speeches, say reports. …

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Birla Sun Life Mutual Fund became the fastest growing fund house in the country even as the industry as a whole posted de-growth last year, a top company official said.The Asset Under Management (AUM) of Birla Sun Life which was only Rs 20,000 crore as of March 07 went up to Rs 35,000 cro…

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MUMBAI: Mutual funds industry is sitting on a volcano as 75-80 per cent of its assets are short-term while it resorts to long-term lending to corporates, creating an asset-liability mismatch. “This is a dangerous situation,” warns UTI MF’s Chairman, U K Sinha, highlighti…

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The rally in the stock market has added a whopping Rs 2.51 trillion to investors’ wealth last week, accounting for over one-third of the total Rs 7 trillion gains made by investors since October when the Sensex had plunged below 8,000 levels.The total investors’ wealth, measur…

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After opening 34 points higher at 10,037, the Sensex exhibited volatile movement in early trades this morning. The index rallied to a high of 10,127, and then touched a low of 9,913 – down 214 points from the day’s high.However, selective buying helped the index rebound into t…

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