Investing News - Page 15

Carrefour hails India's retail liberalisation move

World Number 2 retailer Carrefour on Thursday hailed India's decision to open its supermarket sector to foreign players.

Bajaj Hindusthan slips to 52-week low on poor earnings

The company reported a 48 percent fall in consolidated net profit at Rs 21.45 crore for the fiscal ended September 30, 2011

L&T may rope in equity partners for Hyderabad Metro

For the Rs 16,375 crore project, the equity will be Rs 3,439 crore, a consortium of banks will provide loans of Rs 11,478 crore and the government grant in the form of viability gap funding will be Rs 1,458 crore.

FDI inflow surges by 41pct in India during Jan-Sep

However, experts maintained that the government should further streamline policies and make the environment more conducive to FDI.

Sebi raises FII investment limit

The announcement by the Sebi comes a day after the Finance Ministry gave its nod to increase the investment limit.

ONGC FPO unlikely to take place this fiscal: source

The government had decided to delay the share sale, valued at around $2.5 billion, due to poor market conditions.

Suzuki wants to buy back its shares from Volkswagen

Suzuki called on Volkswagen to release the shares to it or to a third party it specifies, adding it would seek mediation if VW did not comply.

India's gold imports fall 20% on surging inflation, says global council

India's jewellery demand fell 26 percent to 125.3 tonnes during the quarter, while investment demand fell 18 percent to 78 tonnes.

Gold falls from peak, fails to attract physical buyers

Indian gold buyers waited for better bargains on Wednesday despite domestic prices coming off the previous day's peak in the middle of the wedding season.

Essar Shipping debuts on bourses but fails to sustain momentum

The stock listed at Rs 95 at BSE, but could not sustain the momentum and closed at Rs 29.70 apiece

Sebi looks to revamp IPO norms to check price manipulation

The market regulator is putting in place a common KYC regulation for financial sector intermediaries.

Wall St falls as eurozone fears return to haunt investors

US stocks fell on Monday as rising bond yields in Italy and other eurozone countries reminded investors that despite changes in governments, the region's debt crisis could still spin out of control.

Global shares gain, euro up as Italy votes for austerity

Italy's Senate approved a new budget law on Friday on austerity steps demanded by the European Union.

Oil slides down in Asian trade on profit taking

Oil prices headed down in Asian trade today as traders took profits from a heady overnight rally sparked by a slew of positive economic data from the US, Europe and China, analysts said.

Vedanta H1 operating profit up 19%

Vedanta Resources Plc today reported an 18.9 percent rise in consolidated operating profit to $1.171 billion for the first half of the current fiscal.

Europe markets open in red; all eyes on Italian bond auction

European shares fell in early trade on Thursday, tracking Wall Street lower and extending a sell-off from the previous session on concern about Italy's borrowing costs, with an auction later in the session the latest test of investor sentiment.

RInfra buys back two lakh shares

Reliance Infrastructure, which is developing two metro rail projects in Mumbai, had in April this year launched its Rs 1,000 crore share buy back programme to reduce short-term volatility in its share price.<br /><br />

IOC Q2 results: worst-ever quarterly loss of Rs 7,485 cr

State-owned Indian Oil Corp, the nation's largest oil firm, today reported its worst-ever quarterly net loss of Rs 7,485.55 crore for the second quarter of the 2011-12 financial year.

Ranbaxy Q3 net loss at Rs 464.58 cr

Drug major Ranbaxy today reported a net loss after tax and minority interest of Rs 464.58 crore for the quarter ended September 30, 2011, on account of foreign exchange losses.

Rupee slides to two-week low of Rs 49.75 per US dollar

The rupee fell to a two-week low of Rs 49.75 per US dollar in early trade on the Interbank Foreign Exchange today, shedding 28 paise on sustained demand for the American currency from banks and importers.

Crude oil moves up in Asia as Berlusconi confirms resignation

Crude rose in Asia today as markets welcomed Italian Prime Minister Silvio Berlusconi's announcement that he would resign after Rome adopted key reforms later this month, analysts said.

Cisco must convince Wall Street its woes are over

Cisco, a sector bellwether because of its global scale and diverse client base, in September acknowledged an end to an era of scorching growth after scaling back on consumer businesses and laying off thousands in a sweeping four-month overhaul.

Rupee snaps 3-day winning spree vs dollar, drops 37 paise

Forex dealers said fresh dollar demand from banks and importers on the back of a firm dollar in the overseas market mainly affected the rupee value against the dollar.

Derivative volume crosses Rs 1,000 crore mark on BSE

Total volume of derivatives trading touched Rs 1,054.45 crore with participation of 107 broker members.

Safe haven gold steady on mounting Italy debt worry

Gold prices hovered above $1,790 on Tuesday, after soaring more than 2 percent in the previous session, supported by safe haven demand as Italy took centre stage in the eurozone debt crisis.

Toyota to maintain annual guidance despite Thai floods

Toyota Motor Corp is set to post a drop in quarterly operating profit on Tuesday as supply shortages from the March earthquake kept output low, while floods in Thailand pose a fresh threat for the rest of the year.

MF Global's Europe clients fume, US breathes easier

European clients of failed brokerage MF Global on Monday grew increasingly frustrated at the slow transfer to new brokers a week after filing for bankruptcy protection.

Brent crude rises above $113 on hopes of winter demand

Low fuel inventories in United States amid signs of an earlier-than-usual onset of winter may prompt refiners to ramp up output. That may further squeeze an already tight crude market coping with disruption in supplies from Libya and the North Sea.

Tata group looks to acquire coal assets in Australia

Tata group firms Tata Power and Tata Steel have been on the lookout for coal assets in recent years, to feed their growing raw material requirements.