US stocks slumped once again and ended in the red on Wednesday, 09 May 2012. The broad market spent most of the day in deep losses but managed to curtail the same while going into close. Stocks at Wall Street struggled with Dow extending losses into a sixth day. Political…
Indian markets settled lower for the second day on Wednesday. The market had a gap down opening on negative global cues. US markets closed in red overnight over concerns that New Greek political leaders will most likely back out of bailout agreements. Selling pressure dominated the market till the end…
ICICI Bank raises foreign currency deposit rates ICICI Bank raises foreign currency deposit rates by up to 175 basis points, effective May 8. It raised rates for 1 to 2 year tenure by 75 basis points and for 3 to 5 year tenure by 175 basis points. (BS) HPCL may…
Most Asian stocks declined on Thursday, 10 May 2012 as China reported slower export growth and amid growing concern Greece will be forced out of the euro and that austerity plans needed to contain the Europe’s debt crisis will be derailed. Hong Kong’s Hang Seng Index dropped 0.5% to 20,227.28…
Indian markets ended the eventful week on a lackluster note amid huge volatility. This week was full of news about February inflation, RBI credit policy, economy survey and much anticipated Union Budget. On sectoral front, BSE Consumer durables, Realty and Teck were the major losers.In a further hit, Budget also…
Essar Steel to commission pellet unit in Odisha Buoyed by its Hazira complex becoming the country’s largest single location flat steel maker with 10 mtpa capacity, Essar Steel is set to commission a pellet unit in a week in Odisha to pave the way for setting up of its proposed…
US stocks registered strong gains for the week that ended on Friday, 16 March 2012. Economic data dominated during the week. Along the way the stock market managed to overcome precarious conditions in Europe, ongoing concerns about global growth prospects, and debate over the plausibility of additional monetary stimulus. A…
Markets had a gap up opening on positive global cues. Strong closings in the US markets acted as positive trigger for the global markets. US markets had positive closings overnight after the Federal Reserve raised its assessment of the economy and J.P. Morgan Chase & Co hiked its dividend amount.…
Suzlon refutes talk of Alstom eyeing REpower Systems Suzlon Energy refuted media reports that Alstom SA is evaluating a potential offer to acquire its subsidiary REpower Systems, saying it was “entirely speculative (ET) Jaiprakash Power Ventures gets board nod to raise Rs 3,500 cr Jaiprakash Power Ventures said its board…
It was seesaw trading at Wall Street on Wednesday, 14 March 2012. Stocks initially posted minor moves with the Dow struggling to hold onto gains and slipped during mid session hours. Ultimately, stocks once again reversed course and Dow managed to extend its winning streak to a sixth session. But…
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