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 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.
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 the rupee continues to stay bleak amid weakening macro-economic fundamentals and tapering foreign fund inflows.
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 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.
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 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.
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.
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.
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 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.
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.
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.
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.
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.
The new guidelines, effective November 1, come against the backdrop of companies issuing hybrid securities.
SME Exchange will offer a platform to small and medium companies to raise funds from the primary as well as debt markets.
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.
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 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.
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 />
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.
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.
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 />
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.