New Delhi: The Government said on Wednesday that Satyam Computer’s disgraced founder Ramalinga Raju created a network of about 300 companies and diverted funds from one company to another in a complex but carefully planned process. “There has been an issue of siphoning (off of…

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On the daily chart, the stock has bounced back from its multiple support levels of Rs170-174. Last few months have seen the stock moving in a narrow range of Rs172-196. If the stock is able to give a close above the levels of Rs195, it is likely to see a rally up to the levels of Rs205 in…

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Information technology firm Oracle Financial Services Software spurted 8.60% to Rs 489.55. It topped the gainers in the BSE’s A group. The company will declare its Q3 results on 27 January 2009. Drug maker Cipla soared 7.98% to Rs 186.65. It was the second biggest gainer in A group….

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MUMBAI: Indian equity benchmarks ended flat on Thursday after stock specific movement backed by earnings. Markets were marred by lack of participation as traders expected disappointing quarterly results from oil&gas major Reliance Industries. However, RIL earnings beat market expecta…

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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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Mahindra and Mahindra (M&M) is a diversified conglomerate with primary interest in auto manufacturing (utility vehicles and tractors). Its other businesses include IT services, financial services and hospitality Although the UV and tractor markets are going through a slow phase, M&#0…

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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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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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London: Oil slipped towards $35 a barrel on Friday after the International Energy Agency cut its forecast for world oil demand this year sharply and two of the biggest US banks reported massive losses. The IEA said in its monthly oil report that world oil demand would contract as the eco…

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BHEL has an order book of around Rs1 trillion, the highest in its history. Almost 85% is from Central and State utilities, making it one of the least risky in the Indian capital goods universe. Its FY08 margins have contracted due to wage increases. With the additional provisioning requi…

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