Monday, 25 March 2013

Capital goods, metal stocks pull Sensex down 54 points

Capital goods, metal stocks pull Sensex down 54 points

Capital goods, metal stocks pull Sensex down 54 points

The Indian markets despite paring losses in the afternoon session closed in the red after reports stated that Mulayam Singh Yadav led SP which supports the UPA government from outside might withdraw its support leading to early polls. The BSE Sensex ...
Indian Rupee at 1-week High, Bonds Snap 5-Day Losing Streak

Indian Rupee at 1-week High, Bonds Snap 5-Day Losing Streak

As Of 1200 GMT Latest Change USD/INR 54.18 -0.10 8.15% 2022 Bond 7.95% -1BPs Call Rate 7.72% +5BPs Forward Premia* February 3.405 +0.01 *Forward Dollar Premium/Discount are midpoints of bid-offer spreads. By Khushita Vasant. MUMBAI--The ...
Cyprus reaches last-minute deal on 10 billion euro bailout

Cyprus reaches last-minute deal on 10 billion euro bailout

Brussels/Nicosia: Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro bailout. The agreement came hours ...
Coal India: BCCL

Coal India: BCCL's liability to be converted to shares

State-owned Coal India (CIL) on Monday said its board has approved conversion of liabilities worth Rs. 2,539 crore of Bharat Coking Coal Ltd (BCCL) into preferential shares. “The board of directors of the company (CIL)...has approved to convert the loan and ...
Current account deficit to be 5% in FY13: Rangarajan

Current account deficit to be 5% in FY13: Rangarajan

India's Current Account Deficit (CAD) for 2012-13 is likely to be around 5 percent of the GDP, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said today. Source: PTI ...
Investor pessimism overdone: Deutsche

Investor pessimism overdone: Deutsche

Deutsche Bank believes the recent investor pessimism in India is overdone and sticks to its BSE target of 22,500 by the end of December. Deutsche says the government may shift to executive decisions to pass its agenda, focusing on actions that do not ...
Should you opt for MF pension plans?

Should you opt for MF pension plans?

This is the last week for you to invest in tax-saving instruments, so buckle up and get to it before the 31 March deadline. You could choose from the popular options, such as tax-saving fixed deposits, the Public Provident Fund, National Savings Certificate, ...
TCS wins USD 43 m contract from Norway Post

TCS wins USD 43 m contract from Norway Post

Tata Consultancy Services (TCS) and global outsourcing services firm Capgemini have been awarded contracts worth USD 43 million (about Rs 233 crore) each from Norway Post to operate and manage its applications. Source: PTI ...
India Rupee, Bonds Gain as Foreigners

India Rupee, Bonds Gain as Foreigners' Debt-Purchase Rules Eased

India's rupee and sovereign bonds due 2022 rose the most in more than a week after the government said it will make it easier for foreign funds to buy local- currency debt. All restrictions and sub-limits governing purchases of government and corporate notes ...
Godrej ropes in Aamir Khan as brand ambassador

Godrej ropes in Aamir Khan as brand ambassador

Godrej Group said it has roped in Bollywood star Aamir Khan as the brand ambassador for various verticals of the diversified business house. MUMBAI: Godrej Group today said it has roped in Bollywood star Aamir Khan as the brand ambassador for various ...