New Delhi : If you missed over coverage, here are the top ten stories of the day.
1) Mulayam, Akhilesh wrest UP from Mayawati; But results not good for markets, reforms to be on backburner, say experts
Mulayam Singh Yadav, 72, will be Chief Minister of UP. The Samajwadi Party is home in UP, leading now in 226 seats, well over the half way mark. It clearly does not need the Congress support to form government. (Read More)
However, experts feel that the poll results will not be good for the markets as reforms will be put on the backburner. “Land acquisition will continue to be a huge concern,” they felt. (Read More)
2) Sensex, Nifty surge on election verdict but fall on global selloff
The stock market had reasons to be happy on Tuesday. A clear mandate to the Samajwadi Party in Uttar Pradesh, a vote for development in Punjab and Manipur, a vote against corruption in Goa were good reasons for the street to cheer.
While the markets touched a euphoric note an hour or so after markets plunged over 1 per cent, it did not last long. As soon as the world markets in Europe began to trade in the afternoon, both the Sensex and Nifty nosedived to track the falling trend in share prices around the world. (Read More)
3) GoM to decide on cotton exports in meet on 9 March
The Group of Ministers (GoM) will meet on 9 March to discuss the issue of cotton exports, Textiles Secretary Rita Menon said on Tuesday. The move comes in response to sharp criticism from the industry and political figures such as Gujarat Chief Minister Narendra Modi and Union Minister for Agriculture Sharad Pawar against the Commerce Ministry’s decision on Monday to ban all cotton exports immediately. (Read More)
4) Rupee slides to 50.30 against US dollar
The Indian rupee fell to Rs 50.30 on Tuesday as demand for US dollar surged from corporates. This is the lowest it has touched since 19 January 2012. Analysts say that fall in Indian equities usually triggers such a demand. (Read More)
5) Geneva car show highlights Europe's winners and losers
The differing fortunes of car makers in Europe were on display at the Geneva Auto Show, as a renewed commitment to European manufacturing from Nissan and strong sales forecasts from BMW and Volkswagen contrasted with a deeply discounted rights issue from Peugeot to fund its alliance with General Motors. (Read More)
In Pictures: Hot cars at Geneva Motors Show
6) Oil companies for Rs 5/litre hike in petrol
With electioneering in five states coming to an end, state-owned oil companies are pushing for raising petrol price by over Rs 5 per litre but the actual increase would depend on the government nod. (Read More)
7) IndiGo escapes most of India's aviation turbulence, for now
It’s not all doom and gloom for India's embattled airline sector. IndiGo, a low-fare carrier launched in 2006, has climbed to second place in market share at the expense of Air India and Kingfisher Airlines and is the only one of India’s six main carriers making a profit, for now at least. (Read More)
8) Nano to have more power, variants, says Ratan Tata
Tata Group head Ratan Tata today said he has set higher ambitions for the Nano car, which will be available in more variants, including diesel and electric versions. Nano, which has a 624 cc petrol engine will also be upgraded in power, he said. (Read More)
9) Tata Motors places $350 million bid for Saab Automobile: Report
Tata Motors has placed a $350 million bid to buy bankrupt Swedish car maker Saab Automobile, a newspaper report said Tuesday, citing people it said were aware of the matter. (Read More)
10) Future auction issues to be restricted to single exchange, says divestment ministry official
The empowered Group of Ministers (eGoM) will meet on 19 March to discuss the initial public offering of the National Buildings Construction Corporation (NBCC), Siddharth Pradhan, Additional Secretary in the Department of Disinvestment told NDTV Profit. The government will also go with a single exchange for its next auction issue, Pradhan said. (Read More)
1) Mulayam, Akhilesh wrest UP from Mayawati; But results not good for markets, reforms to be on backburner, say experts
Mulayam Singh Yadav, 72, will be Chief Minister of UP. The Samajwadi Party is home in UP, leading now in 226 seats, well over the half way mark. It clearly does not need the Congress support to form government. (Read More)
However, experts feel that the poll results will not be good for the markets as reforms will be put on the backburner. “Land acquisition will continue to be a huge concern,” they felt. (Read More)
2) Sensex, Nifty surge on election verdict but fall on global selloff
The stock market had reasons to be happy on Tuesday. A clear mandate to the Samajwadi Party in Uttar Pradesh, a vote for development in Punjab and Manipur, a vote against corruption in Goa were good reasons for the street to cheer.
While the markets touched a euphoric note an hour or so after markets plunged over 1 per cent, it did not last long. As soon as the world markets in Europe began to trade in the afternoon, both the Sensex and Nifty nosedived to track the falling trend in share prices around the world. (Read More)
3) GoM to decide on cotton exports in meet on 9 March
The Group of Ministers (GoM) will meet on 9 March to discuss the issue of cotton exports, Textiles Secretary Rita Menon said on Tuesday. The move comes in response to sharp criticism from the industry and political figures such as Gujarat Chief Minister Narendra Modi and Union Minister for Agriculture Sharad Pawar against the Commerce Ministry’s decision on Monday to ban all cotton exports immediately. (Read More)
4) Rupee slides to 50.30 against US dollar
The Indian rupee fell to Rs 50.30 on Tuesday as demand for US dollar surged from corporates. This is the lowest it has touched since 19 January 2012. Analysts say that fall in Indian equities usually triggers such a demand. (Read More)
5) Geneva car show highlights Europe's winners and losers
The differing fortunes of car makers in Europe were on display at the Geneva Auto Show, as a renewed commitment to European manufacturing from Nissan and strong sales forecasts from BMW and Volkswagen contrasted with a deeply discounted rights issue from Peugeot to fund its alliance with General Motors. (Read More)
In Pictures: Hot cars at Geneva Motors Show
6) Oil companies for Rs 5/litre hike in petrol
With electioneering in five states coming to an end, state-owned oil companies are pushing for raising petrol price by over Rs 5 per litre but the actual increase would depend on the government nod. (Read More)
7) IndiGo escapes most of India's aviation turbulence, for now
It’s not all doom and gloom for India's embattled airline sector. IndiGo, a low-fare carrier launched in 2006, has climbed to second place in market share at the expense of Air India and Kingfisher Airlines and is the only one of India’s six main carriers making a profit, for now at least. (Read More)
8) Nano to have more power, variants, says Ratan Tata
Tata Group head Ratan Tata today said he has set higher ambitions for the Nano car, which will be available in more variants, including diesel and electric versions. Nano, which has a 624 cc petrol engine will also be upgraded in power, he said. (Read More)
9) Tata Motors places $350 million bid for Saab Automobile: Report
Tata Motors has placed a $350 million bid to buy bankrupt Swedish car maker Saab Automobile, a newspaper report said Tuesday, citing people it said were aware of the matter. (Read More)
10) Future auction issues to be restricted to single exchange, says divestment ministry official
The empowered Group of Ministers (eGoM) will meet on 19 March to discuss the initial public offering of the National Buildings Construction Corporation (NBCC), Siddharth Pradhan, Additional Secretary in the Department of Disinvestment told NDTV Profit. The government will also go with a single exchange for its next auction issue, Pradhan said. (Read More)
