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MARKETS
STOCK MARKETS:
Stocks plumb new depths
Industrial growth slides to 1.3%; RBI effects steeper CRR cut. New Delhi/Mumbai, Oct. 10 It never rains, it pours. For long believed to be “de-coupled” from the world economy, the Indian economy showed that it could be buffeted by ...
STOCK MARKETS:
How much more can FIIs sell
Largest inflow of $36 b came in 2004-05. Mumbai, Oct. 10 FII investments in Indian equities, from the time they commenced buying in India, has amounted to $56 billion as on Friday, SEBI data ...
STOCKS:
Infosys downward forecast could drag IT stocks down: Analysts
Firm reworked estimate due to economic conditions. A downward revision of guidance by IT bellwether Infosys Technologies could send information technology stocks on a free fall in subsequent trading ...
STOCKS:
ICICI Bank loses 28% during intra-day
ADR plummets 24% in NYSE. Mumbai, Oct. 10 The country’s largest private sector bank, ICICI Bank, saw its share fall 28 per cent during intra-day trade on Friday to touch a new year’s low of Rs 326.7. At 9.00 IST, the ADR at the NYSE ...
FOREIGN INSTITUTIONAL INVESTORS:
FIIs’ Friday sales put at $500 m
Mumbai, Oct. 10 The FIIs’ selling continued despite the sharp fall in rupee against the US ...
STOCKS:
Not everyone fell with the markets
If the magnitude of the recent carnage has left you wondering whether anyone at all has been spared, you may be surprised to know that a number of stocks have managed to hold ground amidst ...
FINANCIAL MARKETS:
We must prepare for a tough ride: Singapore PM
‘Asia can’t avoid impact of weakening global economies’. Singapore, Oct 10 Asian countries cannot avoid the impact of weakening US, European and Japanese economies, Mr Lee Hsien Loong, Prime Minister of Singapore, said ...
EVENTS:
Markets This Week
The continuing financial crisis plaguing the global markets not unexpectedly left its deep scars on the domestic bourses as well on Monday. The Sensex shed some 724 points to close below the psychological 12000-level at 11,801 while the Nifty ...
FINANCIAL SERVICES:
Brokerages tighten belt to ride out crisis
Diwali bonus disappears, overheads being reduced. Mumbai, Oct. 10 “Dull” is what most brokers say about the atmosphere is in their offices as the markets continue to ...
STOCK MARKETS:
Nightmare on D-Street
Mumbai Oct. 10 Kailash Vyas has been a bullish investor in stock markets for years, but today he blames a ‘bull’ for the rampage on Dalal ...
VENTURE CAPITAL:
Private equity funds look to step up PIPE exposure
New Delhi, Oct. 10 PE funds are seeing increasing opportunities in listed enterprises, with the downturn in stock valuations and the ongoing liquidity crunch prompting funds to ramp up activity in the PIPE (private investments in public ...
FINANCIAL MARKETS:
Jet to withdraw service to San Francisco
New Delhi, Oct 10 The slowdown in the global economy, especially in the US and the UK, is forcing several airlines from India to reschedule their international operations. The latest entrant to this group is Jet Airways which on Friday ...
STOCKS:
Motilal Oswal Q2 net dips
Mumbai, Oct. 10 Motilal Oswal Financial Services has recorded a 17 per cent dip in its consolidated net profit for the quarter ended September 30, as broking related revenue declined during the ...
STOCKS:
Core Projects plunges on margin call talk
Mumbai, Oct. 10 Shares of Mumbai-based IT firm Core Projects & Technologies were hammered badly on the bourses on Friday to close at Rs 140.65, 43 per cent lower than the previous ...
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