Market News
Dow’s Biggest Drop Will Hit Indian Markets on 30th September
U.S. lawmakers in the House of Representatives on Monday voted against the biggest proposed government intervention in the U.S. economy since the Great Depression of 1929.
Government officials, Treasury chiefs and political leaders from both sides of the political divide thought they had agreed Sunday on the details of a $700 billion rescue plan that would [...]
Corporate News this week
Ambuja Cements is planning to expand in the South India by transporting the building material by sea route, helping it compete with rivals such as India Cements.
Ansal Properties and Infrastructure will invest Rs 3,600 Cr in Information Technology (IT) Special Economic Zones (SEZ) and IT Parks in the country. Under the scheme, the company will [...]
GMR Infra Becoming a “global airport company”
The “airport” company of India is making big news once again, in the international arena. GMR Infra which was successful in winning the bid for building Turkey’s airport is now expanding its horizons far and wide. Russia, which is privatizing its airports, has invited bids for modernizing the third largest airport in Russia – the [...]
Shipping Corporation on good Q1 numbers and bonus issue
Shipping Corporation of India shows growth of almost 36% in net profit in Q1 June 2008 over Q1 June 2007. The company announced the results on Saturday, 26 July 2008.
The stock gained on the quarterly numbers as well as the shipping corporation bonus issue news we have updated you on few days back. Remember, the [...]
Great News! Biggest Gain in Sensex in Last Few Months
There is no need to update you all, that UPA government won the trust vote and it got big thumbs up from the stock markets as well. What a relief for us!
Today, Sensex spurted by 850 points as it again came close to 15000 marks that was looking a very distant target only a couple [...]
Anil Ambani-Reliance Communication and MTN Deal Called Off
Anil’s Reliance Communications and MTN called off on Friday their exclusive talks to create a top-10 global telecom firm, saying legal and regulatory issues meant they were unable to conclude a deal.
The talks were clouded by a claim to a right of first refusal on the Indian mobile carrier’s shares by Mukesh, who runs Reliance [...]
Corporate News That Would Interest You
Ashok Leyland has made a strategic investment in Germany for development of vehicle emission treatment / control systems and products.
Bata India has sold-off its Hawai brand to Brazilian company ‘Alpragatas’ for about Rs 3.90 crore.
Cadila Healthcare has launched Venlafaxine Hydrochloride Tablets an anti-depressant drug in the US Market in the strengths of 25, 37 50, [...]
Market may remain weak in the Coming Week
The market might extend Friday’s sharp fall on gloomy domestic and global scene. What could be the reasons as per me:
Look at some of these:
Higher crude oil prices,
Rising inflation,
Weak industrial production numbers,
Fears of further rise in interest rates,
Fuid domestic political situation,
Tension in Middle East.
In the light of above worries, foreign institutional investors (FIIs) sold [...]
Mundra Port and SEZ Bounces today by 20% After Supreme Court’s Result
I was happy to see my profit shooting up by 20% in this stock. Could you imagine, just yesterday I was thinking that I had seen Rs 1300 for this stock when the IPO was out and I could have sold it off for almost 200% profit then. But I did not do it, market [...]
Three Digit Losses in Dow, US Market in Bear Grip
Sell off in financial shares at Wall Street pulled all three major indexes into bear market. Fannie Mae and Freddie Mac, were 20% down and helped to accelerate the fall on Monday.
Financial stocks started being sold off after comments from an Federal Reserve official raising questions about the odds of an economic recovery this year.
Federal [...]
