UMBAI: The real estate bubble has finally burst! The sector that was in the limelight a year ago is simply coming apart. Severe cash crunch with bank loans drying up, sales plunging, demand falling and stock market crashing have compounded the worries for real estate companies. The real e…

Read More..

NEW YORK: Never mind the financial crisis: with just days before the American presidential election, investors on Wall Street are betting big on a win for Democrat Barack Obama. But they wouldn’t be unfavorable to an upset by Republican John McCain. “Given Obama’s advanc…

Read More..

MUMBAI: Vishal Retail has posted a 22 per cent increase in its net profit at Rs 18.08 crore for the six months ended September 30. The company had a net profit of Rs 14.72 crore in the corresponding quarter a year ago, the city-based firm said in a filing to the Bombay Stock Exchange. …

Read More..

MUMBAI: Domestic brokerage firm Religare Enterprises on Thursday said that it has fixed the rights issue price at Rs 355 a share to raise about Rs 1,802 crore. The board of directors have approved a rights issue of shares in 2:3 ratio, wherein two equity share would be issued for every th…

Read More..

NEW YORK: Wall Street was feeling more upbeat Thursday after a government report showed the economy contracted in the third quarter by less than expected and after the Federal Reserve’s second interest rate cut in a month. The major stock indexes jumped more than 1.5 percent, includ…

Read More..

Oil prices dipped below $63 a barrel on Tuesday as concerns about faltering demand offset OPEC comments suggesting the producer group could throttle back output again to support prices. US crude settled down 49 cents at $62.73 a barrel, after trading as high as $65.20 earlier. London Bren…

Read More..

Wall Street marked its second-best day ever on Tuesday as investors, convinced that central banks worldwide will cut rates even more, scooped up stocks that had been driven down to their lowest prices in more than five years. …

Read More..

At 12:07am (IST), Sensex was up 146 points at 9,160 and the NSE Nifty was up 41 points at 2,725. Markets are witnessing wild intra-day swings. After sliding in the negative terrain, bulls have yet again staged a smart come back led by gains in the index heavyweights like Reliance Industri…

Read More..

MUMBAI: Rupee strengthened on Wednesday as gains in the local stock market raised hopes of some fresh capital inflows but traders said month-end dollar demand from oil firms and importers was likely to keep a lid on gains. At 10.00 am (0430 GMT), the partially convertible rupee was at 49….

Read More..

Unlike previous year’s Mahurat trading session, Indian market this time around ended on an upbeat with the benchmark BSE Sensex ending over the 9,000 mark. The BSE benchmark Sensex rallied 498 points or 5.8% to close 9,008 and the NSE Nifty index surged 160 points to close at 2,684. …

Read More..