Investing News - Page 21

GM to be Man United's automotive sponsor for five years

GM is hoping to piggyback on Manchester United's fan base of an estimated 659 million people to boost its Chevy brand, especially in such growing Asia car markets.

Despite India's export ban pressure mounts on global cotton prices

India stopped cotton exports with immediate effect on Monday to ensure supplies for domestic mills, boosting global prices some 4.5 percent as the absence of shipments from the world's second-largest producer might tighten a market facing weak demand.

Brent snaps 2-day loss, rises above $122 on hopes of ECB loans

Brent is recovering from a fall, and is poised to rise more than 10 percent this month, the highest monthly gain since February 2011, on concerns over Iranian supplies.

Tata Comm Q4 loss widens over high costs, overseas unit

Tata Communications said it expects capital expenditure to drop to about $300 million a year.

Gold seen falling past 1-week low

The rupee, which weakened on Tuesday, plays an important role in determining the landed cost of the dollar-quoted yellow metal.<br /><br />

Gold demand returns after prices ease

A weaker rupee could limit the downside in prices. The rupee plays an important role in determining the landed cost of the dollar-quoted yellow metal.

RIL gains on ongoing share buyback programme

The Indian energy conglomerate has bought 14.3 million shares since its buyback opened on February 1, traders estimate. It will close on January 2013.

Tata Motors plunges on flat global sales

Tata Motors was the biggest loser on the bourses today, plunging over 5 percent on morning trade on the back of a slowdown Jaguar Land Rover sales.

Ministers to meet again to finalise ONGC public issue

Owing to new Sebi guidelines, the EGoM on disinvestment will meet again in 10 days to finalise divestment in ONGC.

Gold hits 8-week high as investors bet on more gains

Gold appears in the process of convincing investors that its stint as a hybrid between a safe haven and a risk asset is coming to an end

Rupee at 3-month high on strong factory data from China, India

Asian shares, the euro and crude oil rose as encouraging manufacturing data soothed fears about the global economic fallout from the euro zone debt crisis.

Rupee eases on US economic data, eurozone crisis

In early trade the rupee was at 49.59/60 to the dollar, weaker from Tuesday's close of 49.44/45.

Rupee heads for best performance in 10 years

The rupees gain follows a 16 percent drop in 2011 on foreign outflows and growing concerns about the current account deficit, making it Asia's worst performer last year.

Investors await Greece debt deal talk, gold off 7-week high

Gold hit a high of $1,739 an ounce, its strongest since December 8, on safe-haven buying after data showed U.S. fourth-quarter economic growth was weaker than expected

Maruti plunges on muted guidance from Suzuki Motors

Traders also cited concerns about the competitiveness of Maruti Suzuki's petrol models after main rival Hyundai Motor began offering discounts

Downgrade: Murder probe creates overhang on IRB Infra, says Goldman

Goldman Sachs downgraded IRB Infrastructure Developers to "neutral" from "buy" and lowered its sum-of-the-parts target price to Rs 136 from Rs 184.

FIIs sell Rs 629 cr in April, underweight on utilities, industrials

FIIs, however, appear to have been overweight in financials, followed by consumer discretionary and telecom

DLF surges on Goldman Sachs upgrade

The upgrade has come close on the heels of DLF's removal from the Sensex, which will come into effect from June 11.

Airline shares surge on hopes of investment by foreign carriers

Shares of Indian carriers surged in early trades on Tuesday, after the aviation ministry said it would recommend that the government allow foreign airlines to buy stakes of up to 49 percent in Indian airlines.

Nestle India will recover despite muted profits: Nomura

The brokerage added tha tNestle remains one of its key long-term picks in the sector, but maintains its "Neutral" rating, with target price at Rs 4,345

Bond yields fall after PM said growth could be lower than forecast

Prime Minister Manmohan Singh said on Sunday that the Indian economy would likely grow about 7 percent this fiscal year, lower than a revised forecast of about 7.5 percent

Rupee declines 13 paise against $, opens at 52.84

The rupee had notched up a gain of 27 paise to close at a nearly two-week high of Rs 52.71/72 against the dollar in the previous session on Friday

Microsoft rises as better PC sales boost profit

Shares of Microsoft Corp rose more than 5 percent on Friday after the world's largest software maker reported a quarterly profit that beat Wall Street forecasts on better-than-expected sales of personal computers.

Rupee up 17 paise in early trade on hopes of foreign flows

Dealers said firm domestic equity markets also supported the rupee. The rupee had lost 20 paise to close at two-week low of Rs 53.30/31 per dollar yesterday.<br /><br />

Audi to buy Ducati for $1.1 billion

Audi has reached a pact with Ducati's main shareholder, Investindustrial and plans to announce the acquisition on Wednesday

RIL under pressure ahead of earnings result on Friday

Doubts about how much natural gas can be extracted from Reliance's KG D6 blocks, and worries over its refining margins, as well as its usage of cash, have led to a string of analyst downgrades in recent weeks.

Japan says it, India close to deciding dollar swap pact

Japan and India are in the final stages of deciding on a dollar swap agreement and expect to reach agreement during Japanese Prime Minister Yoshihiko Noda's visit to India this week

JP Morgan underweight on RIL, says upstream outlook cloudy

The investment bank added it had a "negative" outlook on Reliance's refining and petchem businesses, while "sustained" weakness in its downstream business would cause earnings downgrades.

Rupee recovers from day's low on pullback in stocks, trades at 52.65

Some dealers attributed the rupee's recovery to comments by RBI chief Subbarao, who said the RBI will contain sharp volatility in the foreign exchange market.

SKS to raise FII investment limit to 74%, stock up 5%

Earlier this month, SKS said it plans to raise a maximum of Rs 500 crore through a share sale to institutional investors by March 2012.