Equities are expected to stay volatile because of turbulent global markets and the expiry of derivative contracts for September this week, say experts. Besides, the depreciating rupee has added to investor woes, especially those who have parked funds in imports-linked sectors. “We…

Read More..

Everonn Education is frozen at the 5% upper circuit at Rs 424 after Varkey Group (Acquirer) made an open offer to acquire 4.48 million equity shares representing 20% equity capital of the company at the price of Rs 528 per share. “The offer is being made by the Acquirer as a result…

Read More..

Stocks and commodities tumbled, Treasury 30-year yields dropped to a record and the Dollar Index climbed to a seven-month high as the Federal Reserve signaled “significant downside risks” in the U.S. economy. The MSCI All-Country World Index retreated 2.5 percent at 6:15 a.m. in New …

Read More..

The Fed’s latest moves to bring down long-term interest rates will be “marginally helpful,” predicts former Fed Governor Mark Olson, now co-chair of Treliant Risk Advisors, a compliance and strategic advisory firm specializing in the financial services industry. “T…

Read More..

U.S. stocks trimmed gains following a report that international officials plan to return to Athens in early October to complete a review of the Greek economy, damping speculation they were nearing approval of more aid. Commodity and industrial shares fell the most among groups in the Sta…

Read More..

The Reserve Bank of India’s 12th rate hike on Friday has evoked sharp reactions from Corporate India. Companies from auto to real estate, infrastructure and fast moving consumer goods have expressed their angst at the central bank’s 25 basis point hike. Most have described the…

Read More..

Firm crude & weaker rupee means more losses for OMCs; jet fuel also set to rise, stressing airline finances. After a gap of four months, oil marketing companies are looking for an increase in petrol prices, with under-recovery on the fuel set to rise to Rs 3.40 a litre later this we…

Read More..

Fear that Greece may be on verge of default hurts markets, bank stocks in particular Pan Pylas, AP Business Writer, On Monday September 12, 2011, 5:09 pm EDT LONDON (AP) — Fear that Greece will default on its debt, perhaps triggering a financial chain reaction that will cause ano…

Read More..

IIP data has come in at 3.3% for the month of July compared to 8.8%. This number is much lower than market expectation of 6.1% Mining Output Rises 2.8% In July Manufacturing Output Rises 2.3% In July Electricity Production Rises 13.1% In July Capital Goods Production Fell 15.2 % In Ju…

Read More..

By Daniel Gross Did the failed strike by Verizon employees help contribute to a massive outburst of economic pessimism? The nice, round, pathetic “0” of net payroll job creation in last Friday’s August jobs report added fuel to the argument that the U.S. is headed for a…

Read More..