BNP Paribas Securities: Housing Development and Infrastructure Limited (HDIL’s) 3QFY09 results provide the first signal that our sector thesis is beginning to play out. We argued high leverage will force developers to sell assets to support cash flows in a down cycle, thus making DCF-ba…

Read More..

WASHINGTON (Reuters) – The economy shrank at its fastest pace in nearly 27 years in the fourth quarter, government data showed, sinking deeper into recession as consumers and business cut spending. The Commerce Department on Friday said gross domestic product, which measures total …

Read More..

In June last year, it was among the most aggressive buyers of state-owned banks. Less than a year since, The Children’s Investment Trust, or TCI, has whittled down its exposure to these stocks considerably. And in a few cases, the trust has exited its investments altogether. On Thursday…

Read More..

MUMBAI: Although Siemens net sales for the first quarter ended December 2008 declined by 14 per cent to Rs 162894.55 million against Rs 191442.59 million year ago, net profit soared 67 per cent to Rs 33058.04 million as against Rs 19705 million previous year. The company’s operating…

Read More..

MUMBAI: Analysts and economist in the US are of the view that the next bubble that will burst is the US treasuries. Over the past 15 months, the Arab oil countries have been the biggest foreign buyers of US Treasuries, worth $245 billion. The next biggest buyer is China at $233 billion. …

Read More..

New Delhi, Jan. 29 As many as six to seven companies – including global and Indian entities and PE firms – are interested in completely buying out the scam-stung Satyam Computer Services. This includes Spice Corporation, which confirmed that it had thrown its hat in the ring for a maj…

Read More..

NEW YORK (AP) — Two glaring signs that the economy remains in a deep slump sent stocks reeling Thursday. News that unemployment claims reached a record high and that new home sales hit a record low forced the major stock indexes to give back all of Wednesday’s gains, and then…

Read More..

Indian ADRs: Satyam down 10%, ICICI Bank, HDFC Bank down 6%, Tata Mot down 5%, Infosys down 2% Results today: IOC, L&T, OBC, PNB, Siemens, Sun Pharma, Tata Motors …

Read More..

BSE Sensex: (9236) we saw volatility in good measure as the market climbed up and then sold off from our resistance on the nifty and closed marginally in the negative, but the move that has gone up in the last few days gives an impression that it has gone up to come down and so there is g…

Read More..

Reliance Power has bagged the Tilaiya ultra mega power project (UMPP) in Jharkhand by offering to supply power at Rs 1.77 per unit — the lowest price quoted by the four companies in the fray.The next best bid for the Rs 16,000-18,000-crore project came from government owned NTPC, which …

Read More..