The top-level security meeting held by Prime Minister Manmohan Singh last Saturday (December 20) was actually a meeting of Nuclear Command Authority (NCA). The meeting,  which coincided with the first strong sign of Islamabad backtracking on its promise to crack down on the masterminds …

Read More..

Today, Indian shares end lower for a third straight day, in line with weak global markets. The BSE Sensex loses 118 points or 1.2% to close at 9,568.72 Indian financial markets will remain shut on Thursday on account of Christmas, even as the Government prepares to unveil another round o…

Read More..

MUMBAI: Country’s largest insurer Life Insurance corporation of India has increased its stake in HDFC Bank to over five per cent following acquisition of shares from the open market. LIC purchased 1.6 lakh shares from the open market hiking its stake in the company to 5.01 per ce…

Read More..

Mumbai: Foreign institutional investors, or FIIs, the key drivers of the Indian stock market in the past few years, pulled out at least $13 billion (about Rs62,880 crore) in 2008, the most in 15 years, after an unprecedented global credit crunch led to a flight of capital from emerging ma…

Read More..

Bad economic news eats away at the value of crude as consumers, businesses slash energy use Oil prices dipped below $38 a barrel Tuesday on fresh evidence of weakness in the U.S. housing market and a shrinking gross domestic product that suggests the recession may be worsening. A repor…

Read More..

The Japanese auto giant forecast its first operating loss in 70 years on Monday, more fallout from the severe slump in vehicle sales that has nearly claimed two Detroit automakers and raised questions over when the U.S. market, Toyota’s largest, will hit bottom. …

Read More..

MUMBAI: Tata Communications today said that Tata Sons, one of its promoter group firm, has consolidated its stake in the company to 10.88 percent by acquiring an additional 2.37 per cent. The company has acquired 67.53 lakh shares representing 2.37 per cent stake in Tata Communications th…

Read More..

NEW DELHI: The country’s second largest realty firm, Unitech, on Monday said it plans to raise Rs 5,000 crore through issue of securities. The company’s board, which met today, approved a proposal to raise long-term funds up to Rs 5,000 crore or equivalent amounts in other cur…

Read More..

New Delhi: Crude oil prices are likely to remain at between $45-60 per barrel in 2009 as recessionary trends across the world have reduced demand, five analysts tracking the sector said. …

Read More..

New Delhi: Driven by the strong bull run in the stock market, Mukesh Ambani-led Reliance Industries has been ranked as the biggest wealth creator in the five year period from 2003 to 2008, a latest study compiled by brokerage firm Motilal Oswal says. …

Read More..