Investing News - Page 20

Sensex to sniff 22k mark by Dec: JP Morgan

Among the eight cities where the survey was carried out, the investors in the nation's financial capital are the most optimistic as they expect the bellwether Sensex to trade between 20,000 and 22,000 by the end of the year, the survey found.

JP Morgan fund may invest $400 mn in SKIL Infra

SKIL will use the funds to pare debt and add scale to its operations.

Sensex rises on short covering; IT and bank stocks gain

Steady gains across US and Asian markets prompted broad-based short covering in India - especially in shares of software exporters such as Tata Consultancy Services and Infosys, and financial stocks.

Gold futures prices recover on global cues

Gold bounced back by 0.54 percent to Rs 27,944 per 10 grams in futures trade today, tracking a better trend overseas.

South Africa's Sanlam to hike Shriram Capital stake to 26 percent

Sanlam, which already had stakes in Chennai-based conglomerate Shriram Group's insurance businesses, would pay $265 million in cash for a 26 percent stake in unit Shriram Capital and is also looking to enter Mozambique later this year.

Sensex up 180 pts in opening trade on firm Asian cues

The Bombay Stock Exchange benchmark Sensex gained over 180 points in opening trade today on fresh buying influenced by firm cues from other Asian bourses amid easing concerns about the euro zone debt crisis.

Dow plans commex, fixed income product indices in India

This is the first time in the world that futures contracts on the S&P 500 index have been introduced and listed on an exchange outside of the US, S&P Regional head for South Asia abd MD and CEO of Crisil Roopa Kudva said.

Tokyo stocks open 0.62 percent up

Tokyo shares opened up 0.62 percent today after Wall Street closed higher on late buybacks.

G7 way short of the crease, fuels investor worries

So, risk aversion is still in vogue. The G7's lack of concrete proposals to turn around the slowing world economy will probably simply add to it.<br /><br /> <br /><br />

Stark to leave ECB over bond-buying row

U.S. stocks fell sharply at the open on Friday after Board Member Juergen Stark said he would step down from his post

Sensex closes nearly 300 points down on heavy profit booking

A weak trend in the Asian region and lower opening in Europe before a meeting of Group of Seven rich nations on deepening economic worries influenced the trading sentiments.

Equity funds post worst month since January

The dismal showing in August was largely due to the underperformance of mid- and small-cap stocks.

Indiabulls Financial raises Rs 500 cr through NCDs

The funds raised through the placement will be used mainly for long term retail mortgages.

GTL surges 40% on BSE amid debt restructuring buzz

The debt restructuring plan for GTL and GTL Infra companies will be finalised by November and the debt recast could eventually lead to a proposal for the sale of their tower business.

Global stocks fall as Fed gives no steer on new stimulus

The euro also fell to a two-month low after the region's festering debt crisis forced the European Central Bank to change course away from further rises in interest rates, a key driver in the single currency's rally this year.

Sensex down 0.5 percent, IT slips, Airtel up

Investors were disappointed after a speech by the US Federal Reserve chief lacked details on plans to spur economic growth after a $447 billion jobs package plan by US President Barack Obama.

Bharti Airtel jumps 2 percent in morning trade on Rwanda licences

Bharti airtel yesterday announced that it will launch 2G and 3G mobile services in Rwanda, for which it has earmarked an investment of $100 million over the next three years.

Invesco may buy 49% in Religare asset mgmt unit for Rs 450 cr

While India's crowded mutual fund industry is facing headwinds in the near term because of new regulations and rising competition, some foreign asset managers such as Japan's Nippon Life Insurance Co are betting on long-term gains in India.

New Silk Route likely to raise new money next year

"We definitely will look into doing a second fund. Probably some time next year, we will raise a fund," NSR partner Darius Pandole told PTI in Mumbai

Brent oil at 16-month low on weak US jobs data

Following the slow growth in Chinese and US economies Brent crude prices fell below $98 a barrel to a 16-month low on Monday. Traders wait for the crucial policy meetings this week to see its effect in global growth.

Rupee fall: Did RBI ask PSU banks not to purchase dollars?

Market news is that RBI could be behind rupee's life-time low of 56.47 by restricting oil companies from buying dollars through four state-run banks. Traders claim to have received text messages confirming the same.

Bond yields edge up on risk taking in markets

Traders said talk of a potential fuel price hike in the near future was also weighing on bonds.

Rupee strengthens on RBI's suspected intervention

The rupee was last trading at 53.73/74 after falling as low as 54.15 soon after the open of trade, near its record low of 54.30 to the dollar in mid-December.

Need to relook at futures trading: Govt

"Future trade in all items, including food items, is one matter that needs to be discussed indepth. We need to consult with the state governments as well," Minister of state for Consumer Affairs, Food and Public Distribution K V Thomas said.

China presses ahead with yuan reform regime

The yuan exchange rate has been increasingly decided by market forces said vice foreign minister Cui Tiankai

Gold imports may fall 56% in Jan-March due to jewellers' strike

The jewellers have reportedly incurred a loss of about Rs 10,000 crore during the strike

Rupee at a 2-week low of 50.56, crude nears $125

The rupee was at 50.56/57 to the dollar, after touching a low of 50.68, a level last seen on March 7

India's commodity exchanges grow 4% despite fall in bullion trade

The turnover of the commodities exchange marginally by around 4 per cent to Rs 26.90 lakh crore in the first two months of the current fiscal generated largely due to farm commodities and metals and energy items like crude oil.

Thanks to G7 talks, gold gets its shine back

The G7 emergency meeting has caused gold to inch up to $1,530 level and might even go higher, some analysts say.

Rupee at its peak so why is IT falling?

While the falling rupee should bring joy to the Indian IT sector, the eurozone turmoil has the IT bellwethers such as TCS and Infosys worried with their stocks falling upto 2 percent.