JSW Steel today said it plans to infuse Rs 3,800 crore in Ispat industries in the next 2-3 years. The country’s third largest steel maker JSW Steel had acquired nearly 45 per cent stake in debt-ridden Ispat Industries for Rs 2,157 crore in December last year. When asked about the …

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State-owned Indian Oil Corp, the nation’s largest fuel retailer, today said it is losing Rs 1.22 per litre on petrol despite last week’s Rs 2.50 a litre hike in prices, as crude oil rules at two-year high levels. “Based on current price levels in the international oil m…

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MUMBAI: The Rs 4,279-crore that the foreign institutional investors (FIIs) have taken out from the stock market in the last ten sessions, is sending jitters down the spine of local investors, who now fear the pace of outflow could pick up further. Institutional dealers said the nearly $1…

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The markets continue to trade in the red on back of weak global cues and selling pressure in rate sensitives ahead of the headline inflation data for the month of December expected at noon today. The S&P CNX Nifty was down 27 points, at 5725 and the Sensex fell 84 points, at 19,098. …

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Infosys Technologies’ weaker-than-expected results sparked concerns over growth rates of India’s showpiece outsourcing sector as the company flagged a sluggish global economic recovery and currency volatility. Shares in India’s second largest software exporter fell more…

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World markets rise ahead of Europe debt sales after overnight gains on Wall Street Pamela Sampson, AP Business Writer, On Wednesday January 12, 2011, 3:51 am EST BANGKOK (AP) — World stock markets climbed Wednesday, pushed higher by an overnight rise on Wall Street following a pl…

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The US is reeling under high unemployment, which is often blamed on India’s Business Process Outsourcing (BPO) sector, which is accused of pulling out jobs from the US to India. That should mean great business for BPOs, right? Well, BPOs remain one of the largest employers and high…

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Bernanke: 4-5 years to reach normal unemployment; $600B support program still needed Jeannine Aversa, AP Economics Writer, On Friday January 7, 2011, 12:49 pm EST WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke sketched a more optimistic view of the economy Friday but sai…

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The Sensex may close the last trading day of the week shedding more than 300 points. The markets were negative for the major part of the day as there was a sell off in the auto and metal sectors. The BSE benchmark index is currently down 332 points at 19,852 and the Nifty has lost 98 poin…

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MUMBAI (Reuters) – India Infoline said on Thursday its plan to buy back equity shares would not commence from January 6, as announced earlier, pending a regulator approval. The company had said on Dec. 23, its board had approved buying back up to 10 percent of equity at a maximum p…

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