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Everonn to seal largest PE deal in education

Posted on: November 18th, 2011 and is filed under Market News.

Carlyle, New York Life PE in talks to invest $100 million in parent, arms. Everonn Education, India’s largest technology-enabled education firm, is getting ready to enroll more global marquee investors. Two months after the Dubai-based Varkey Group came on board, global private eq…

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Nifty falls over 100 points due to jitters on Europe funding

Posted on: November 17th, 2011 and is filed under Market News.

Asian shares wobbled on Thursday as doubts deepened about Europe’s ability to stop its sovereign debt crisis from spinning out of control, with Germany and France split over the European Central Bank’s bond buying role. The focus of concern is shifting to difficulties in secu…

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Wall Street falls as Europe offsets US gains

Posted on: November 17th, 2011 and is filed under Market News.

NEW YORK: US stocks fell on Wednesday as warnings about the impact of Europe’s debt crisis on the global economy kept investors cautious, but optimism about the US economy limited losses. The debt crisis weighed on shares of financials and materials, with the S&P financial ind…

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Sugar industry in UP petitions court over cane price

Posted on: November 16th, 2011 and is filed under Market News.

The sugar industry in Uttar Pradesh (UP) on Tuesday openly criticised the cane pricing policy of the state government and filed a petition at the Lucknow bench of the Allahabad high court, requesting quashing of the minimum buying price set for mills in 2011-12 by the administration. The…

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Europe in toughest times since World War II: German Chancellor Angela Merkel

Posted on: November 15th, 2011 and is filed under Market News.

BERLIN: German Chancellor Angela Merkel said on Monday that Europe must move step-by-step towards political union, calling the euro zone debt crisis the continent’s “toughest hour since World War Two”. In a one-hour address to thousands of delegates from her Christian D…

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RCom net falls 43.5% to Rs 252 crore in Q2

Posted on: November 13th, 2011 and is filed under Market News.

Debt-laden mobile operator Reliance Communications posted its ninth straight drop in quarterly profit, with investors awaiting a deal to sell its tower unit and bring in much needed funds. India’s second-biggest mobile operator by subscribers said consolidated net profit fell to Rs…

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U.S. Stocks, Oil, Euro Gain Ground

Posted on: November 12th, 2011 and is filed under Market News.

Stocks rose, preventing a second straight weekly decline for the Standard & Poor’s 500 Index, and commodities climbed as U.S. consumer confidence improved and Europe took steps to address its debt crisis. Italy’s bonds gained and oil reached a three-month high. The MSCI All-Coun…

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Asian stocks fall on concerns over Italy’s debt crisis

Posted on: November 10th, 2011 and is filed under Market News.

Asian shares fell on Thursday after Italy’s record-high cost of borrowing renewed fears over the eurozone debt crisis. Japan’s Nikkei index fell 2.9%, South Korea’s Kospi shed 3.8% while Hong Kong’s Hang Seng dropped 4.4%. The falls in Asia followed losses in the…

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Poll-bound Maya sweetens deal for sugarcane farmers

Posted on: November 9th, 2011 and is filed under Market News.

UP next: Trifurcation of state, reservation for Muslims. With an eye on the 2012 Assembly elections, Uttar Pradesh chief minister Mayawati has lined up an array of poll sops for her state. The first was unveiled today: a hefty Rs 40 a quintal rise in the support price for sugarcane. Whil…

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Stocks Edge Up in Volatile Trade as Debt Worries Turn to Italy; Dow Breaks 12,000

Posted on: November 8th, 2011 and is filed under Market News.

David K. Randall, AP Business Writer, On Monday November 7, 2011, 2:21 pm EST NEW YORK (AP) — U.S. stock indexes wobbled between small gains and losses in afternoon trading Monday as investors worried that Europe’s debt crisis would spread to Italy. Italy’s borrowing r…

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