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…
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…
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…
Indian capital markets opened on a positive note tracking positive global peers, taking Nifty past 5,400 level in the initial part of today`s session. After a gap up opening, Nifty continued to trade in a range throughout the day. On global front Asian stocks rose on optimism that the euro-area…
RIL gets approval to recover $3.99 bn from D6 block sales The management committee of Reliance-operated D6 block has so far granted approval for the company to recover only $3.99 bn of its cost from sale of oil and gas out of its claim of $9.47 bn, oil minister Jaipal…
The sentiment today was supported by the CRR cut, encouraging US jobs data and successful Greek bond swap. The better-than-expected IIP data for January added fuel to the fire. February inflation to be eyed tomorrow At the close, the benchmark 30-share index, BSE Sensex gained 84.43 points or 0.48% at…
PNB to undertake Rs 2360 crore capital infusion PNB plans to undertake capital infusion to the tune of Rs 2360 crs to maintain the financial strength of the bank. While the bank would go for capital infusion of Rs 1075 crore from LIC of India, an amount of Rs 1285…
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