NEW YORK: Wall Street lives on. One year after the collapse of Lehman Brothers, the surprise is not how much has changed in the financial industry, but how little. Backed by huge federal guarantees, the biggest banks have restructured only around the edges. Employment in the industry has…

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Mumbai: Oil India’s 2.6 crore shares’ initial public offering was subscribed 30.82 times on the last day on Thursday. The issue received bids for 81.5 crore shares, according to data with the National Stock Exchange. The price band for the issue was fixed at Rs 950-1,050. Th…

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Real estate firm Oberoi Constructions plans to launch its initial public offering early next year, chairman Vikas Oberoi said on Friday. “We will tap the market early next year,” Oberoi told reporters, adding the IPO may happen in the first quarter of next financial year. He…

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NEW YORK: Twenty Indian companies have made the cut to enter the list of 200 best companies having sales less than $1 billion in the Asian India Inc 10 most admired cos Business honchos who live a simple life Savvy girls in their 20s India Inc’s new scions Pacific region, compi…

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Sensex intra-week high of 16,434.7 and low of 15,793 Strong buying from FIIs helped propel the NSE Nifty to a new 52-week closing high. The BSE Sensex closed above 16,000, backed by strong volume. The advance did fizzle out in the last two days of the week. Headwinds such as sluggish loa…

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Markets are likely to open higher. If markets show weakness later during the day, sell: Sasken communications and Suzlon. …

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The National Stock Exchange’s (NSE’s) move to lower trading cost in futures and options (F&O) and cash segments by 10 per cent may force both the Bombay Stock Exchange (BSE) and the upcoming MCX Stock Exchange (MCX-SX) to have a re-look at their business models.While MCX-SX is st…

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Markets likely to open gap up. Nifty has resistance at 4850. Buy HDFC above 2560, target: 2610. Stoploss: 2530. …

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LONDON: Mobile-phone company Bharti Airtel and South Africa’s MTN have reached a preliminary agreement for their planned $24 billion share and cash swap, Bloomberg reported on Wednesday. However, Bharti Airtel denied that any agreement has been reached with MTN and said that discuss…

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The index is trading at a P/E of over 19 times. After trading in the range of 15,100-16,000 during the period between the middle of July and September 7, 2009, the BSE Sensex has finally crossed and closed above the upper band. Not only has the Sensex doubled from its multi-year lows (on…

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