March 13, 2014 22:28 (IST)
US stocks hit session lows in early afternoon trading on Thursday, with the S&P 500 on track to post its worst day in six weeks, as tension over Ukraine's Crimean peninsula mounted.
March 13, 2014 22:13 (IST)
L&T Finance Holdings Ltd (L&TFH) will hit the market on Friday to raise at least Rs 583 crore through share sale.
March 13, 2014 22:11 (IST)
The Reserve Bank of India (RBI) on Thursday hiked trade related remittance limit from Rs 2 lakh to Rs 5 lakh per transaction, amid increased number of transactions handled by exchange houses.
March 13, 2014 20:36 (IST)
IT services major Infosys said on Thursday its senior vice president, and head of computers and communications division (CCD), K Muralikrishna has sold shares worth Rs 5.48 crore.
March 13, 2014 19:55 (IST)
The Reserve Bank of India (RBI) has allowed software firm Tech Mahindra to increase its foreign investment limit to 48 per cent from 45 per cent earlier.
March 13, 2014 19:55 (IST)
Global rating agency Standard & Poor's has upgraded the credit outlook for Tata Power to positive citing favourable regulatory developments.
March 13, 2014 19:32 (IST)
US stocks opened modestly higher on Thursday, putting the S&P 500 on track for a second day of gains, after better-than-expected data on retail sales and the labour market.
March 13, 2014 18:52 (IST)
AstraZeneca Pharma India on Thursday said its board will meet later this week to consider delisting the company from various bourses including Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
March 13, 2014 17:28 (IST)
Infosys shares fell by 8.54 per cent to close at Rs 3,357.50 on the BSE today. The fall on Thursday was Infosys' biggest daily percentage fall since April 12 last year when shares slumped 21.3 per cent after the IT outsourcer issued a disappointing forecast for full-year sales growth.
March 13, 2014 17:15 (IST)
Chairman Narayana Murthy said revenue for the fiscal year ending March could grow at the lower end of the company's 11.5 to 12 per cent projection. The fall on Thursday was Infosys' biggest daily percentage fall since April 12 last year when shares slumped 21.3 per cent after the IT outsourcer issued a disappointing forecast for full-year sales growth.
March 13, 2014 16:58 (IST)
A final decision on the proposed revision, which includes pushing back the fees to the level seen before a reduction was announced in 2009 for some intermediaries, would be taken after the issue is discussed by Sebi's board at a meeting scheduled for later this month, sources said.
London | March 13, 2014 16:14 (IST)
Concerns over China's growth and political tensions in Ukraine took the fizz out of an attempted rally in riskier assets on Thursday, as world shares steadied after their biggest falls for nearly two weeks.
March 13, 2014 15:23 (IST)
Under the plan, Maruti will buy vehicles produced by Suzuki at the new plant and sell them in the open market. Maruti currently produces and sells its own cars.
Tokyo | March 13, 2014 14:12 (IST)
Japan's Nikkei share average edged down to a 1-1/2-week low on Thursday, erasing earlier gains after weaker-than-expected Chinese output and retail sales data disappointed the market.
March 13, 2014 13:22 (IST)
Shares in Tata Motors gained as much as 2 per cent after its luxury unit Jaguar Land Rover reported on Wednesday that retail sales rose 14 per cent to 30,487 vehicles, boosted by a 44 per cent rise in China.
March 13, 2014 10:30 (IST)
The rupee and bonds rallied on Thursday after retail inflation data released after market hours on Wednesday came in above expectations, but further sharp gains are unlikely as investors expect the RBI to keep rates on hold in April, dealers said.
March 13, 2014 10:17 (IST)
The plant in Karkhadi in Gujarat makes both drug ingredients and formulations, according to Sun's 2013 annual report.
March 13, 2014 09:13 (IST)
The management blamed muted spending by clients, especially in the retail sector, for its cautious outlook. Flat to negative growth in the fourth quarter of fiscal year 2013-14 may also spill over to the next financial year, Infosys CEO and managing director S D Shibulal said on Wednesday.
March 13, 2014 08:41 (IST)
Indian stock markets are likely to open higher today. IT stocks will be in focus.
March 13, 2014 08:14 (IST)
Weak guidance from Infosys management last evening sent its ADR crashing down 6 per cent on Nasdaq. With rupee also strengthening, expect smart money to continue to exit IT stocks, which are trading at relatively expensive valuations and as traders see better opportunity in cyclicals.