Sensex was down 104 points or 0.8% to end at 13,400 while, Nifty slipped 27 points or 0.7% to shut shop at 3,976. Indian markets extended its losing streak to third straight trading session on Monday with the NSE Nifty index ending below the 4,000 mark for the first time post election ou…

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Financial terms have not been disclosed. Ashok Leyland has a broad dealer network throughout India and is the second largest manufacturer of commercial vehicles in that country Deere and Company said today it has completed all legal requirements to form a joint venture in India between i…

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FMCG companies have come out as distinct winners of the Budget. The Budget has allocated a lot of funds to rural India. In fact, in the post-Budget rally, the FMCG index of the BSE has outperformed the Sensex by giving a return of over 4% against a decline of almost 10% by the Sensex. Ot…

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Singapore continues to be the single largest investor in India amongst the Asian countries with FDI inflows into India rising to Rs 15,776 crore in 2008 from Rs 1,417 crore in 2005 . Malaysia is a distant second with FDI inflows from there rising to Rs 453.8 crore in 2008 from Rs 21.3 cr…

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MUMBAI: The country’s top 10 firms saw their total market capitalisation being wiped out by over Rs 1,73,000 crore last week, and Mukesh BSE Pick stocks on fundamentals Fiscal & revenue deficit Short-term plans are safe bets Five facts on stock falls Volatility: Bet on bi…

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WASHINGTON: President Barack Obama on Saturday dismissed the idea that the United States might need a second stimulus to jolt the economy out of recession and urged Americans to be patient with his economic recovery plan. Faced with rising unemployment numbers and criticism from Republic…

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Worst weekly fall for Sensex since October, Stocks sank once again, completing the Bombay Stock Exchange Sensitive Index’s worst week since October, after Agriculture Minister Sharad Pawar said monsoon rainfall has been deficient. Pawar said in the Lok Sabha today that the northwest re…

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Fear lower collections after the entry load ban.Fund houses have aggressively started hiking brokerages for distributors to increase collections. The reason: They fear a lull in inflows after the ban on entry load comes into effect from August 1. Industry sources said many fund houses we…

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MUMBAI: Indian shares fell 1.8 per cent on Friday and posted their biggest weekly fall in more than eight months as concern about the economy kept investors jittery, but Infosys bucked the trend and rallied on strong quarterly result. Infosys Technologies, the country’s No. 2 outso…

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Indiabulls Securities Research has downgraded its rating on Tata Power Company from buy to hold in its July 08,2009 research report. “Tata Power Company delivered a solid set of numbers on the back of strong performance in the coal business. Consolidated net profit increased 27% y-…

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