The much-anticipated deal between India’s Bharti and South Africa’s MTN has botched yet again. On the news of termination, MTN shares fell 3% from the day’s high, to close down 1%. Rand fell over 2% versus dollar. The company has requested the SA exchanges to suspend tradin…

Read More..

Nirmal Jain, CMD , India Infoline feels that the valuations are no longer cheap but are not prohibitively expensive either. He feels there still is investment opportunity available in select sectors and stocks. Here is his take on Sensex reaching the 17 K level: 17000 on the index, the…

Read More..

MUMBAI: India’s Bharti Airtel said late on Wednesday it and South Africa’s MTN had called off talks for a planned tie-up due to the inability of the South African government to accept the deal in current form. Bharti said it will continue to look for international opportunit…

Read More..

New Delhi: Buoyed by positive market sentiments and demand revival in housing, four real estate companies – Emaar MGF Land, Lodha Developers, Sahara Prime City and Ambience Ltd – are looking to mop-up over Rs 11,000 crore through public offerings. The four realtors on Tuesday…

Read More..

It is only a number, the stock market equivalent of an appliance chain’s millionth customer, or the gazillionth hamburger served at McDonald’s. Still, the Dow, which closed up 124.17 points, at 9,789.36, on Monday, is within reach of 10,000. Who would have thought? At the depths of …

Read More..

Foreign institutional investors (FII) have turned net buyers in the debt market for the first time in the last six months investing net Rs 594 crore in debt instruments so far this year.FIIs, so far in 2009, bought debt instruments worth Rs 77,161 crore, while sold instruments valued at R…

Read More..

MUMBAI: Equities may remain choppy in the shortened trading week ahead, in the absence of any major trigger for sharp movements either sides. Despite concerns about stock prices being stretched, after more than doubling since March, market participants do not see any significant declines…

Read More..

Sr. No. Holidays Date Day 1 Moharram 8th January, 2009 Thursday 2 Republic Day 26th January, 2009 Monday 3 Mahashivratri 23rd February, 2009 Monday 4 Id-E-Milad 10th March, 2009 Tuesday 5 Holi 11th March, 2009 Wednesday 6 Ram Navmi 3rd April, 2009 Friday …

Read More..

Pittsburgh: Prime Minister Manmohan Singh today strongly backed Bharti group’s efforts for acquiring stakes in South African telecom gaint MTN when he took up the issue with President Jacob Zuma and hoped that the deal will go through without any “discrimination”. &#822…

Read More..

MUMBAI: Around 400 Air India pilots, who threatened to go on mass sick leave to protest the airline’s decision to cut their incentives, on Saturday rejected the management’s offer for talks and said they will stick to their agitation plan. Senior executives as well as other p…

Read More..