News & Announcements
In the never-ending battle between the bulls and the bears, bears are clearly winning right now and not without a reason. The week, which started off with a first-ever downgrade of the world’s top economy, has been nothing short of a nightmare for investors. European debt problems and an ever-weakening economic outlook have all contributed [...]
The government will sell its 10% stake in construction company NBCC this fiscal, through which it plans to raise up to Rs 250 crore. The stake sale in National Building Construction Corporation (NBCC) is part of the government effort to raise Rs 40,000 crore from the sale of minority stake in profitable public sector units. [...]
Even after the Fed admitted to a weaker-than-expected economic slowdown, Indian market and regulators believe that the economy here is on strong footing, albeit with some marginal risks to growth. A CNBC-TV18′s poll of economists suggests that the Reserve Bank will continue with its anti-inflationary stance and hike policy rates during its mid quarter review [...]
JP Morgan maintains its underweight stance on ABB with a target of Rs 816. This is because the reported EBITDA margin for the first quarter was well below estimates. Margin pressure was led by raw material cost pressures. Merrill Lynch has downgraded Sun TV to neutral from buy and cut its target from Rs 540 [...]
India’s software services sector, which gets more than half of its revenue from the United States, is unlikely to be affected in the near-term after the US sovereign debt rating downgrade by Standard & Poor’s, a leading IT industry lobby group said. “Although the global economic environment is a cause for concern, it is not [...]
Having turned India’s mutual fund industry into one of the world’s cheapest for investors, the market regulator, the Securities and Exchange Board of India, made a reluctant about turn late last month. At a recent board meeting, almost two years to the day after it abolished upfront fees on mutual funds, the capital market regulator [...]
Indian equity benchmarks crashed in the opening trade on the back of fears of another round of recession in the world’s biggest economy US. Markets across the globe were on sellers’ radar. US equity markets were down 4-5% yesterday. Today Asian markets cracked 2-5%. The 30-share BSE Sensex was trading at 17,256, down 436 points [...]
Stocks on major markets hit their lowest level this year and gold prices posted a new high on Wednesday as investors fretted about government spending cuts at a time of slowing global economic growth. But the S&P 500 erased losses after hitting its lowest level since early December, following seven days of declines. Other US [...]
India’s economy may be headed for a sharper slowdown than most are expecting, and could see its worst growth rate since the depths of the credit crisis, according to economists at Morgan Stanley. “Clear signs of slowdown have emerged over the last 3-4 months,” Chetan Ahya, an economist at the bank said in a report. [...]
Oil fell on Monday, reversing gains as weak US manufacturing data and a firming dollar hit crude prices that were buoyed earlier by a deal to raise the US debt ceiling. US crude futures for September delivery dropped USD 1.03 to $94.67 a barrel by 1:56 p.m. (1756 GMT), falling faster than Europe’s Brent , [...]
