Investing News - Page 18

EU preparing bank rescues amid Greece doubts

European finance ministers agreed on Tuesday to safeguard their banks as doubts grew about whether a planned second bailout package for debt-laden Greece would go ahead.

Brent slides below $101 on Greece, Goldman cuts outlook

Brent crude futures slipped below $101 a barrel on Tuesday, squeezed by growing fears that a Greek debt default could spread across the banking system and threaten the global economy.

Fears grow on Greece gloom, global stocks at 15-mth low

Weakening outlook for industrial demand weighed on copper and oil while flight-to-safety strengthened gold, yen and the dollar.<br /><br /> <br /><br />

Outlook for rupee continues to remain bleak

Outlook for the rupee continues to stay bleak amid weakening macro-economic fundamentals and tapering foreign fund inflows.

Coal India defies market trend, adds Rs 2,368 cr to its m-cap

CIL shares, which opened sluggish and dropped over 2.76 per cent on BSE, eventually closed 1.13 percent up at Rs 336.50 a share, adding Rs 2,368 crore to its market worth.

UBS lowers gold price forecast

UBS lowered its gold price forecasts for the next one to three months, saying its prior outlook was overly ambitious given the recent slowdown in market momentum.

Hero MotoCorp registers record sales in Sept; posts 27 pc jump

The country's largest two-wheeler maker Hero MotoCorp today reported highest ever monthly sales of 5,49,625 units in September, registering a growth of 26.75 percent.

Gold rises by 1 pct in India, traders postpone buys

Gold in India rose by more than one percent on Monday, in line with a similar jump in global prices, pushing physical traders on the sidelines in the middle of a festival season when demand is firm, dealers said.

Dainik Bhaskar picks up 2.7 pc stake in Edserv for Rs 15 cr

IT training services provider Edserv Softsystems today said Hindi daily Dainik Bhaskar has picked up a 2.7 percent stake in the firm for Rs 15 crore.

Maruti stock up 2 pc as strike at Manesar unit ends

Shares of Maruti Suzuki India surged by almost 2 percent in early trade on the bourses today after the 33-day long standoff between the management and workers of its Manesar plant ended.

FIIs pull out Rs 2,000 cr from securities mkt in Sept

Foreign fund houses pulle out Rs 158 crore from the stock market and Rs 1,707 crore from the debt market during September, 2011, Sebi said.

Brent crude slides more than $1 on euro debt fears

Brent crude fell more than a dollar on Monday to below $102 as growing fears of the euro debt crisis spreading to other parts of the region and dampening global oil demand weighed heavily on investors.

SC dismisses TCG's plea on Haldia Petrochemicals shares

The Purnendu Chatterjee-led TCG had challenged the high court verdict that had set aside an order of the Company Law Board directing the state government to exit from HPL by selling its stake to the joint venture partner TCG.

Global equities steady after upmove

Asian stocks steadied on Friday with big gains unlikely as investors looked to take profits after three days of gains, while the euro held its tiny increase following Germany's approval to expand the euro zone bailout fund.

Rupee weakens as euro zone concerns resurface

The rupee weakened on Thursday as concerns over the euro zone's debt resurfaced, prompting a sell-off in riskier assets like equities, with the local unit looking set to post its biggest quarterly loss in at least three years.

RSX launches physical trading platform in bullion

Reliance Spot Exchange, part of Reliance Capital, today announced the launch of E Gold Souk - physical trading platform in bullion - saying that it is aiming at trade of over Rs 5,000 crore in the first year.

Debenture listing? Sebi tightens it a little bit more

The new guidelines, effective November 1, come against the backdrop of companies issuing hybrid securities.

BSE to launch SME Exchange operations from Nov

SME Exchange will offer a platform to small and medium companies to raise funds from the primary as well as debt markets.

SMFL files draft papers for Rs 1,750 crore IPO

n a statement, SMFL said it has filed Draft Red Herring Prospectus (DRHP) for initial share sale today with Sebi. The firm plans to raise Rs 1,750.5 crore through an initial public offering, that includes issuing of fresh shares worth Rs 1,413 crore.

Cairn India jumps 4 percent after ONGC approved Vedanta-Cairn deal

ONGC yesterday gave its consent to Vedanta Resources for taking over Cairn India, but only if the mining group and the subsidiary of UK's Cairn Energy signed a legal pact on sharing the royalty and cess burden in their producing acreages.

US stocks gain on Europe, Accenture rises

US stocks rose for a third day on Tuesday on efforts by eurozone officials to solidify the region's rescue fund and alleviate a sovereign debt crisis, boosting optimism.

Dollar can't defy gravity, gold is getting its shine back

Gold's appeal as a safe-haven asset remains intact, given the uncertainty in global growth and concerns about Europe's sovereign debt.<br /><br /> <br /><br />

Asian stocks jump on hopes of Europe debt plan

After weeks of indecision, European ministers told a meeting of global finance leaders in Washington over the weekend that they would take bolder and more decisive steps to pull Greece back from the brink of bankruptcy.

Wall St, Asian markets gain on euro zone hopes

US stocks rose on Monday as sentiment swung toward hope that European officials would find a way to cut Greece's debt and shore up European banks.

Supply worries keep Apple on edge, tablet war brewing?

Concerns for a slowdown in iPad tablet sales come as Amazon.com is expected to unveil its own tablet device rival on Wednesday. One analyst has already described the expected device as a "game changer" that could challenge the iPad.<br /><br /> <br /><br />

StanChart lowers rupee rating to neutral from overweight

The local currency rupee has lost over 11 percent from its 2011 high hit late July and remains the worst performer amongst major Asian peers.