MUMBAI: Asia ex-Japan Equity Funds saw the biggest outflows in dollar terms–a 20-week high of $1.09 billion during the week ending March 4, as per data by Emerging markets Portfolio Funds Research (EPFR). Globally, investors withdrew $12.9 billion from equity and bond funds and moved it…

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Pump division drives growth Result highlights * KSB Pumps’ Q4CY2008 results are slightly better than expected owing to a stronger than anticipated top line. …

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Emkay Global Financial Services has recommended a buy rating on CRISIL with a price target of Rs 3,650 in its March 5, 2009 research report. “CRISIL’s CY08 numbers were in line with our expectations. …

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Markets fell to its lowest since November 2005 after witnessing significant selling pressure despite inflation touching its seven-year low. It was a scary session for the markets led by cash based selling in heavyweights from oil & gas, capital goods, banking, FMCG and power sectors….

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Global IT giant IBM is understood to be the front-runner to acquire Satyam Computer Solutions, a company it named as one of its main competitors in a filing to the New York Stock Exchange in February.The US major, said sources close to the developments, has begun discussions with Satyam&#…

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IIFL has recommended a buy rating on IVRCL Infrastructure with a target price of Rs 166 in its March 3, 2009 research report. Purandar Lift irrigation scheme project costing Rs 2.5 billion was awarded to IVRCL in 2001 by the Maharashtra government. …

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MUMBAI: The Reserve Bank of India (RBI) has reduced its key policy rate – the repo rate- the rate at which the central bank lends to banks against pledeging of government bonds- by 50 basis points (bps) from 5.5% to 5%. …

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MUMBAI: Beaten down by the global economic crisis, the export oriented tiger economies of Asia have stopped roaring. From Japan, to South Korea, Taiwan, China, India and beyond, the global economic crisis wreaked havoc. …

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US markets retreated on Tuesday’s close, as Federal Reserve Chairman Ben Bernanke said that economic prospects remained uncertain. He also said that more action would be necessary to jolt the economy out of the financial crisis. The S&P ended a few points below the 700 mark for the…

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After three day’s of losses, bulls might get some relief as traders may consider the recent set back as overdone. Technically the Nifty index would see support at 2,524 levels. It was the third trading session where markets ended with sharp losses. …

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