News & Announcements
Cash-strapped Kingfisher Airlines said it has alloted equity shares against optionally convertible debentures (OCDs), a development that will help in saving interest outflow on such instruments. In a filing to the BSE, Kingfisher said, it has issued 7.98 crore equity shares to three entities — LKP Securities Ltd, Redect Consultancy and Star Investments — at [...]
Indian businesses and consumers may have to live with high borrowing costs until the second half of 2012, even if the Reserve Bank of India (RBI) obliges with an interest rate cut as early as March. Scores of private and state-owned banks, saddled with high-cost long-term deposits, narrow profit margins and the threat from a [...]
Greece will once again be the single biggest risk factor overshadowing financial markets in the coming week, but investors are also on the alert for signs of recovery in Europe to support the strong rally in riskier assets seen this year. The big numbers to watch will be the purchasing managers’ surveys for Germany and [...]
The BSE Sensex opened up 180 points on Friday, after indications eurozone officials would soon approve a long-awaited bailout for Greece boosted Asian markets. FIIs have invested nearly USD 4.5 billion in last 44 days. Buying was seen in realty, capital goods, power, consumer durables and banking stocks. The Sensex was up 180 points or [...]
The Indian market opened on a negative note tracking weak global cues. The Nifty is now trading at the highest level in more than six months. China reiterated that the country will continue to invest in European government debt to help resolve Europe’s debt problems. Key benchmark indices in Hong Kong, Tokyo and South Korea [...]
Barely one and a half months into the new year, the stock market has made its investors richer by more than Rs 10 lakh crore on the back of a smart pull-back rally since the beginning of 2012. In the process, the stock market has recovered more than half of the losses suffered during the [...]
Shares and the euro slipped on Tuesday, as initial relief over Greece’s approval of harsh austerity measures in exchange for crucial aid gave way to doubts about Athens’ ability to pursue the reforms, with social unrest intensifying. The euro and sterling fell after rating agency Moody’s reminded investors that Europe was still deeply mired in [...]
After registering gains for the sixth consecutive week, Indian indices are expected to see some correction this week with investors taking home profits, say analysts. “Stock market is due for a correction. This week is trend a decider as we will be watching whether traders roll short position to March or not,” CNI Research CMD [...]
The euro and shares fell on Friday, reflecting concern over a possible failure in the debt restructuring after the European Union and International Monetary Fund indicated that a hard-won Greek deal on spending cuts and wage cuts did not go far enough. Back home, it was raining bad economic data this week. India’s trade deficit [...]
The market extended its fall in the afternoon trade, led by profit booking in banks, metals (barring Tata Steel), technology and capital goods stocks. Index heavyweight Reliance Industries too dragged the market, falling 1.4%. The Sensex tumbled 179 points to 17,651.75 and the Nifty tanked 61.5 points to 5,350.90. European markets started off with 0.5-1% [...]
