Mumbai, March 17 (IANS) Institutional investors, responsible for most of the trading in the financial markets are betting big on Indian markets, especially, banking stocks, which may drive major indices to fresh highs ahead of the polls.
Mumbai, March 17 (IANS) Short-term volatility may persist in key Indian equity indices, as profit booking dents investors’ risk-taking appetite during the upcoming trade week, market observers said.
New Delhi, March 15 (IANS) Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth capital needs because there is unlikely to be any fresh bank recapitalisation till the next government takes over in June, official sources said on Friday.
New Delhi, March 15 (IANS) Kotak Institutional Equities (KIE) has said that state-run telecom firm BSNL’s accumulated losses may have crossed Rs 90,000 crore by December end, and asked the government to take a call on either to consider equity infusion to keep the telco afloat or shut it down and bear a one-time loss to save costs.
New Delhi, March 15 (IANS) Amidst the acute financial crisis at BSNL, the Department of Telecom (DoT) has handed over the responsibility of the Finance Director at the cash-strapped PSU to current Director Mobile as well as fixed line, Vivek Banzal divesting the charge from Sujata Ray.
Mumbai, March 15 (IANS) The BSE Sensex on Friday touched the 38,000 mark for the first time since September, supported by healthy buying in the banking and finance stocks.
New York, March 15 (IANS) US stocks closed mixed as investors digested the latest economic data.
Tokyo, March 15 (IANS) Tokyo stocks opened higher on Friday as investors welcomed British parliament’s overnight voting to delay the departure date to leave the European Union (EU).
Beijing, March 15 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, weakened 158.00 basis points to 6.7167 against the US dollar on Friday, according to the China Foreign Exchange Trade System.
New Delhi, March 14 (IANS) After more than a year, the long-drawn resolution process of Essar Steel seems to be finally moving towards closure with the Corporate Affairs Ministry ready to order a change in the management of the insolvent steel maker.