MUMBAI: Markets opened higher Friday in line with other global markets. Realty, Metals and stocks were amongst the major gainers. At 9:55 am, National Stock Exchange’s Nifty was at 3405.50, up 36.30 points and Bombay Stock Exchange’s Sensex was at 11055.23, up 107.83 points. …

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NEW YORK: General Growth Properties Inc, the second-largest U.S. mall owner, declared bankruptcy on Thursday in the biggest real estate failure in U.S. history. Ending months of speculation, General Growth, along with 158 of its 200-plus US malls, filed Chapter 11 while it tries to refin…

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MUMBAI: The recent rally across the global markets has surprised many analysts and economists, as they were of the view that the worst was still to come. …

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New Delhi, April 16: Inflation eased to 0.18 per cent, a new low in over 30 years, although vegetables cost 25 per cent more than it did a year ago and so did other food items – making it a political scoring point in Parliamentary polls underway from Thursday. …

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Giving relief to the scam-hit Satyam Computer, the Company Law Board (CLB) on Thursday extended time limit for the IT company to declare quarterly financial results and file statutory documents up to December 31, 2009. …

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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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MUMBAI: Indian indices ended with huge losses after bears pulled down the indices below psychological levels. Realty and metals were beaten down while FMCG space managed to end higher. Bombay Stock Exchange’s Sensex ended at 10909.57 down 375.16 points. The index touched an intra-day lo…

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MUMBAI: Persistent buying by institutional and retail investors helped the stock market indices breach on the upside their key technical levels on Wednesday. Realty, capital goods and power stocks fronted the rally, followed by healthcare and banking. IT was the only sector which closed i…

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We can’t say enough about the joy of having a sharp, articulate, and charming president lead this country through this crisis.  Every time we watch Obama speak, our confidence is restored. That said, we wish Obama didn’t spend so much time hanging out with …

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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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