The stock has been highly volatile in the last two weeks. Rumours regarding management issues pulled the stock lower by ~40% last Friday. Though, the stock has recovered thereafter, it continues to remain in a downtrend. In fact in December, the stock doubled from the low of Rs167 and tra…

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SAIL is India’s largest steel company with more than 20% domestic market share and owned 85.8% by the Indian government. It has an annual saleable steel capacity of about 13MT, of which 57% comprises flats, 15.5% is longs and 8% is rails (virtual monopoly in this segment). SAIL is embar…

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MUMBAI: The country’s 10 most valued firms added a meagre Rs 2,651 crore to its market capitalisation last week, while five of them saw a value erosion of nearly Rs 17,000 crore during the period. Besides, the country’s most valued firm Reliance Industries alone added Rs 10,59…

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NEW YORK (Reuters) – Bank of America Corp (NYSE:BAC – News), posted its first quarterly loss in 17 years on Friday and slashed its dividend, hours after winning a multibillion-dollar lifeline from the U.S. government to help absorb Merrill Lynch, which lost a record $15.31 bil…

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NEW YORK (AP) — Wall Street seesawed Friday as investors tussled with concerns about the ongoing turmoil in the banking industry and its impact on the economy but also placed bets on a range of consumer and industrial stocks. The major indexes were up in late trading after changing …

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London: Oil slipped towards $35 a barrel on Friday after the International Energy Agency cut its forecast for world oil demand this year sharply and two of the biggest US banks reported massive losses. The IEA said in its monthly oil report that world oil demand would contract as the eco…

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Ailing US banking giant Citigroup today reported a fourth-quarter net loss of $8.29 billion or $1.72 per share, wider than market expectations.The bank said that $5.6 billion in revenues were pressured by write-downs and losses, including a $6.1 billion in net credit losses and $6.0 billi…

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New Delhi: India expects to get USD three billion from the World Bank in two tranches by March 31, 2010, to help it recapitalise public sector banks, besides National Housing Bank and EXIM Bank. The World Bank may most probably give the first phase of the loan by June this year, a senior …

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Mumbai: Private sector carrier Jet Airways’ net loss widened today to Rs 214.18 crore for the third quarter ended December 31 from Rs 91.12 crore in the year-ago period. The Naresh Goyal-led firm told in a filing to the Bombay Stock Exchange that total income rose 24.60 per cent to…

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Mumbai: Reliance Industries, which is fighting off a case by Anil Ambani promoted Reliance Natural Resources, in the Bombay High Court over gas supply, completed its five-day argument on Friday. The two-year-old case is heading towards a judgement as RNRL has said it will only need two d…

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