Mumbai | July 31, 2014 23:28 (IST)
A total of 34,98,931 shares of Muthoot Finance were purchased by Government of Singapore, bulk deal information available with the stock exchanges showed.
Mumbai | July 31, 2014 23:14 (IST)
The downgrade of the Navratna PSU reflects slower-than -expected progress in leverage reduction, S&P said in a release.
Mumbai | July 31, 2014 21:40 (IST)
The Reserve Bank of India (RBI) in a release said it is monitoring the foreign investment in the company under the portfolio investment scheme (PIS) which has crossed the limit of 24 per cent of its paid-up capital.
Mumbai | July 31, 2014 20:57 (IST)
Issuances would go up following a notification that non-bank lenders do not need to maintain debenture reserves for private placement of debt, it said, adding non-banking finance companies (NBFCs) are one of the most active players in the debt market.
New Delhi | July 31, 2014 19:58 (IST)
An offshore India fund is one that is not domiciled in India but invests primarily in Indian markets.
July 31, 2014 19:30 (IST)
Rival BSE Ltd could also launch IRF contracts on Monday based on the 10-year bond expected to become India's next benchmark, a spokesman for the exchange had earlier told Reuters.
July 31, 2014 16:31 (IST)
The Nifty fell nearly 1 per cent on Thursday, marking its biggest single-day fall in nearly 2-1/2 weeks as foreign investors sales and expiry of July derivatives weighed on blue-chips such as Housing Development Finance Corp.
London | July 31, 2014 15:45 (IST)
A steady rise for the US currency is the central story for global financial markets so far this month and a jump in US economic growth reported on Wednesday extended the dollar's gains against the euro to 6 cents since early May.
July 31, 2014 15:43 (IST)
The US Food and Drug Administration's observation letter could result in approval delays at a time when the Cadila's domestic revenues have been impacted by price controls.
July 31, 2014 15:14 (IST)
BSE and Nifty fell nearly 0.7 per cent on the derivative expiry day amid broad selling pressure. Banking, power and consumer shares fell sharply with the BSE sub-indices falling over 1 per cent.
New Delhi | July 31, 2014 14:45 (IST)
Market men said emergence of buying at prevailing levels by jewelers and retailers to meet upcoming festive season demand mainly supported the upside in gold prices.
July 31, 2014 12:12 (IST)
Toll income for the quarter rose by 22.2 per cent to Rs 487 crores, a separate presentation on IRB's website showed.
July 31, 2014 11:46 (IST)
Indian steel companies' shares gain, with Tata Steel up 2.2 per cent on optimism ahead of China manufacturing PMI due on Friday.
July 31, 2014 10:34 (IST)
This is a positive development for the company which has been facing criticism for net getting environment clearances for a long time.
July 31, 2014 10:09 (IST)
BSE Sensex and Nifty struggled in early trade today with some profit-taking seen in technology and banking stocks.
Tokyo | July 31, 2014 09:57 (IST)
Toyota Motor Corp rose 0.8 per cent, Nikon Corp added 1.1 per cent and Panasonic Corp gained 1.2 per cent. A weak yen lifts Japanese exporters' overseas profits when repatriated as well as their competitiveness abroad.
July 31, 2014 08:46 (IST)
The Nifty is likely to see higher than normal volatility on expiry of futures contract today. Global cues are benign with China driving Asian indices higher.
July 31, 2014 07:30 (IST)
The greenback was changing hands at 102.82 yen in early Asian trade Thursday, almost flat from New York late Wednesday but sharply up from 102.11 yen in Tokyo earlier Wednesday.
New York | July 31, 2014 07:13 (IST)
The Dow Jones industrial average fell 31.75 points, or 0.19 per cent, to 16,880.36, the S&P 500 gained 0.12 points, or 0.01 per cent, to 1,970.07, and the Nasdaq Composite added 20.20 points, or 0.45 per cent, to 4,462.90.
July 30, 2014 19:27 (IST)
US stocks opened higher on Wednesday after the first read on second-quarter economic growth came in much stronger than expected, overshadowing a weak report on the labour market.