Tata Coffee has dipped 7% to Rs 801 after reporting 52% year-on-year (y-o-y) drop in net profit at Rs 24.03 crore for the quarter ended December 31, primarily due to poor performance of one of its coffee brand – Eight O’ Clock. The company had a net profit of Rs 49.73 crore in…

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A key group of ministers on Tuesday reached a consensus on allowing foreign airlines to buy up to 49 per cent stake in Indian carriers. Foreign carriers are not currently allowed to directly or indirectly make any investment in Indian carriers. “We have reached a consensus on allowing …

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TOKYO: Asian shares inched higher and the euro stayed above a 17-month trough on Tuesday as investors focused on economic data from China to gauge the impact of the euro zone debt crisis on global growth. MSCI’s broadest index of Asia Pacific shares outside Japan was up 0.3 percent…

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By Matthias Sobolewski and Dina Kyriakidou BERLIN/ATHENS (Reuters) – Standard & Poor’s downgraded the credit ratings of nine euro- zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday the 13th for t…

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By Dina Kyriakidou ATHENS (Reuters) – Talks between Greece and its creditor banks to slash the country’s towering debt pile broke down on Friday, with the Greeks warning of “catastrophic” results if a deal to swap bonds is not reached soon. The sides remain divid…

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Shares of retail companies rallied on the bourses today after the government notified 100% Foreign Direct Investment (FDI) in single-brand retail. Reacting to the news, shares of Kishore Biyani-led Future Group firm Pantaloon Retail (India) surged by 10% to an early high of Rs 161.40, wh…

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U.S. stocks rose, sending the Standard & Poor’s 500 Index to its highest level since July, amid bets that China may act to spur economic growth. All 10 groups in the S&P 500 advanced as financial, commodity and industrial shares had the biggest gains. Bank of America Corp. (B…

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Benchmark share indices gained over 2% on Tuesday to end at one-month highs, on the back of positive cues from Asia and Europe, led by index heavyweight Reliance Industries and financial shares. The markets strengthened further post Moody’s upgraded India’s rating to investmen…

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Exchanges would prefer companies with a sizable fund requirement to start with, say market players. The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are ready to launch trading in the small and medium enterprises (SME) segment and a formal announcement is round the c…

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A week into the new year, market analysts have changed their tune about the markets. The sombre mood in December is giving way to an optimistic outlook. Despite the risks, Credit Suisse has upgraded India to neutral from underweight. Analysts say a combination of domestic and global fact…

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