By Ryan Vlastelica NEW YORK (Reuters) – Stocks closed sharply higher and the Nasdaq notched an eighth day of gains on Thursday as improved labor market and retail sales data added to optimism a day before the critical June payrolls report. Equities have been on a tear recently as …

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DLF has rallied 5% at Rs 230, extending Friday’s 5% rally, on reports that the company will sell its shareholding in two IT SEZs in Pune and Noida for a combined value of Rs 1,300 crore to pay debt. Blackstone is likely to buy the IT SEZ in Pune for Rs 900 crore, while a high net worth…

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End of Quantitative Easing & Indian Equity Markets When the Federal Reserve formally announced a second round of Quantitative Easing (QE) back in November 2010, most economists were convinced that further QE measures would threaten emerging market stability. Where Did All The Money…

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MUMBAI | NEW DELHI: Bajaj Auto, Axis Bank and miner Sesa Goa will lead the S&P CNX Nifty companies’ June quarter earnings rise by a fifth and a 26% surge in sales, validating Reserve Bank of India governor Duvvuri Subbarao’s belief that the economy is still humming. Profi…

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Stocks gained, erasing the MSCI All- Country World Index’s 2011 loss, while the euro rose and Treasuries tumbled amid speculation Europe will take action to prevent a Greek default. Commodities surged the most this month. The MSCI equit…

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The shares of aviation companies such as Jet Airways, Kinghfisher Airlines and SpiceJet are in demand as domestic traffic grew 14.8% in May compared to the same period last year. Domestic traffic crossed 540,000 in the month and the total number of passengers flown was 549,200. Jet Airwa…

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In its pursuit to become a leading player in telecom space, Mukesh Ambani-led Reliance Industries group may have to acquire younger brother Anil-run Reliance Communications (RCom), a report has said. RIL’s proposed re-entry into telecom sector is currently limited to broadband wire…

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Two Anil Dhirubhai Ambani Group firms, Reliance Communications (RCom) and Reliance Infrastructure (R-Infra), will move out of the Bombay Stock Exchange’s blue chip index Sensex in August. While RCom would be replaced by Sun Pharmaceuticals, RInfra would be substituted by Coal India…

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Rise in fuel costs and increase in interest rate crimp domestic demand. Domestic auto sales grew at its slowest pace in 20 months in May, industry data showed today, as buyers wary of rising lending rates and fuel prices shunned showrooms. Sales rose 10.6 per cent in the past month to 1…

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Prime Minister Manmohan Singh today said police action against yoga guru Ramdev’s supporters was “unfortunate but unavoidable”. He said his government was fighting corruption but had no magic wand to end it. As the United Progressive Alliance (UPA) government tried to reclaim the p…

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