Oil prices fell in Asia Monday as US refineries cut crude production in anticipation of a plunge in energy demand ahead of the Hurricane Sandy megastorm, analysts said.
Market regulator Sebi plans to hire professional investigating agencies to help it probe matters relating to Sahara group for implementation of a Supreme Court order on refund of money collected from three crore investors.
Market regulator Sebi has said it plans to undertake several reforms to develop equity culture in the country, but will not allow companies to raise funds through IPOs if their intentions are unclear and investors' interest is compromised.
Breaking a five-day long falling streak, gold prices on Saturday rose by
Rs. 225 to
Rs. 31,425 per 10 grams in the bullion market here on emergence of buying at lower levels amid a firming global trend.
Investors are sending Apple's stock below $600 for the first time in three months, after the consumer electronics behemoth reported earnings for its latest quarter that missed expectations and warned that profits in the holiday quarter would fall from last year.
The BSE benchmark Sensex today fell by over 75 points in opening trade due to profit-booking at higher levels amid a weakening trend on other Asian bourses.
On the back of a healthy demand for loans, Kotak Mahindra Bank on Thursday reported a 16% surge in its net profit for the quarter ended September to Rs. 502 crore from Rs. 433 crore for the same period a year ago.
Diversified business conglomerate Adani Enterprises today reported a 42.13% drop in its consolidated net profit to
Rs. 320 crore in the second quarter due to stress in its power business.
Gautam Adani speaksThe Sensex rose 49 points today supported by quarterly corporate earning results and a firm trend in global markets, amid funds settling this month's derivatives contracts.
Social networking giant Facebook Inc posted a 32% jump in third-quarter revenue to $1.3 billion as the company reignited advertising growth with the help of larger-than-expected gains in mobile.
Shares of United Breweries Holding Ltd (UBHL) group firms Pioneer Distilleries and Kingfisher Airlines hit the lower circuit on Tuesday, signalling that troubles for chairman Vijay Mallya were far from being over.
Just a day before the peak festive season starts, jewellers are witnessing a healthy demand for gold and expect that the demand could be up by around 20% till December this year, compared to last year.
Sachin Dave reports.
Shares of Hyderabad based Rain Commodities on Tuesday plunged by 4.48% — a day after the company announced that its subsidiary Rain CII would acquire Belgium-based Ruetgers for €702 million or around Rs. 4,900 crore. This deal is India’s biggest acquisition this year.
Tracking weak stock markets, the rupee on Tuesday fell by 25 paise to close at 53.72 amid fresh dollar demand, mainly from oil refiners.
Shares of Kingfisher Airlines tumbled by 4.6% on the bourses in the morning trade after the employees rejected the airline's offer of payment of three months' salary.