The much-awaited merger between Tech Mahindra and Mahindra Satyam is happening finally, with the boards of the two companies meeting tomorrow to finalise the details. The merger will create India’s fifth largest information technology services firm, with a combined revenue of over Rs 10…

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Jewellers across the country have shut their shops till Monday, to protest against the increase in customs duty and introduction of excise duty for non-branded jewellery as proposed in the 2012-13 Union Budget. Due to the three-day “bandh”, the jewellery industry is expected to lose b…

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On four occasions since 2003, the occurrence of Golden Cross has led to gains ranging from 30 to 77 per cent for the market Markets fell significantly on Thursday. However, the Nifty made an important and rare pattern, known as Golden Cross, which indicated a bullish trend ahead for an e…

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Having achieved scale, the firm?s fast-growing businesses like telecom and financial services are aiding stronger earnings growth. This should lead to better stock valuations The tide seems to be turning for Aditya Birla Nuvo (ABN), which underperformed on the bourses in the past five y…

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Given the tight fiscal room within which the government is operating, for the first time in many years, the Budget may not have any incentive for exporters. “It is unlikely the Budget will have anything to offer to the export community this financial year,” a senior commerce departme…

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Forex Trading – The 24 hour market, 5 days a week. The Foreign exchange market is a nonstop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders&#…

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MUMBAI: Multi-Commodity Exchange of India Limited (MCX), India’s leading commodity exchange today said its shares will get listed on BSE on Friday, March 9. MCX will become India’s first exchange to be listed, a company statement said here. MCX will be at par with other inte…

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Stocks fell sharply Tuesday, putting the Dow on track for its worst single-day decline of 2012. In recent trading, the Dow was down more than 200 points, or 1.64%, while the S&P 500 was lower by 1.65% and the Nasdaq was off 1.59%. The downturn follows sharp overnight declines in Asi…

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Samajwadi Party is emerging as the single largest party leading in 173 of the total 403 seats in Uttar Pradesh Assembly. BSP, which had won an absolute majority with 206 seats in the 2007 polls, is leading in 98 seats, whereas BJP and Congress are ahead in 56 seats each. Other political…

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The Anil Dhirubhai Ambani Group (ADAG)-promoted companies’ shares are in limelight in an otherwise weak market on reports that the Comptroller and Auditor General (CAG) has softened stand on the issue of the government allowing windfall gains to Reliance Power. Now, the company can …

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