MUMBAI: Foreign fund house Goldman Sachs Investment Partners Mauritius on Tuesday picked up 6 per cent stake in the leading low-cost airline SpiceJet by converting the 1.5-crore warrants it has purchased from the airline in December 2008 into equity. The airline has allotted 1.53 crore s…

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PRAGUE — Fears that the debt crisis could migrate to central Europe were stirred Friday after a senior Hungarian government official said the previous government had manipulated budget figures and lied about the state of the economy, but most financial experts dismissed the remarks as a…

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Neo Corp International Limited (NCIL) since its inception in 1986, is dedicated in making tailor designed products under Packtech. NCIL reached the status of a fore-runner internationally as a reliable supplier of Packtech products.NCIL has come a long way from a small woven sack factory …

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Nifty today braked its 200 DMA of 5003 and ended at 4970, falling 116 points, Sensex slipped 372 points at 16,572. The Sensex was in the red for the whole day. However, a freak trade, possibly in Reliance, saw the Sensex plunging over 600 points to a low of 16,318, trading error in index…

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Move aimed at luring more investors to the market. The National Stock Exchange (NSE), the country’s largest bourse, plans to offer a new system for short sales within the next few weeks, a move aimed at luring investors to the local market after expanding in the US and Singapore. The c…

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The public portion of UK bank Standard Chartered’s sale of Indian depositary receipts was 24 per cent covered as of 1.05 pm (0735 GMT) on Friday, on the last day of book building in a deal that drew sluggish response on its first three days, exchange data showed. Of the 204 million…

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Global Market worldwide were down by more than 2.5%, Sensex closed down 447 points at 16,022 while, Nifty was down 137 points and finally closed at 4,807, Markets seemed to loose its grip late afternoon, Nifty saw a drop of more than 150 points from its day’s high. Sensex closed be…

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The markets pared gains at close as realty, metals fell apart, however, the Reliance group stocks ended on a firm note following the Ambani brothers truce. The Indian bourses today pared all its gains and slipped into the red towards the end of the trading session owing to weakness in …

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As many as 158 persons were killed when an Air India Express Boeing plane from Dubai with 166 passengers and crew on board overshot the touchdown point during landing at the Bajpe airport here, crashed down a cliff and burst into flames. Eight persons miraculously survived one of the cou…

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New Delhi: The Indian exchequer is set to swell by Rs 67,718.95 crore ($ 15 billion), with the conclusion on Wednesday of auctions for the crucial airwaves for third generation (3G) telecom services by private players. The amount bid after 183 rounds of the 34-day auction is sharply high…

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