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New Delhi: The Sahara Group on Tuesday told the Supreme Court that it was not possible for it to repay, in 18 months, Rs.36,000 crore of investors' money that it had collected in 2007-08 in 18 months as was ordered by the court on June 17. "There is no business house in the country or in the world which can deposit Rs.36,000 crore in 18 months time," senior counsel Kapil Sibal, appearing for jailed ...
Bengaluru: Union Minister of Steel and Mines Narendra Singh Tomar on Tuesday said Indian steel production reached the third highest position in the first five months of 2015. The minister also said that the steel industry grew at more than eight percent during 2014-15. "So far, India was the fourth largest steel producer in the world only after China, Japan and the US. However, during the first five ...
Snapping its two-day winning run, BSE benchmark Sensex today ended over 37 points down in a choppy trade at 28,171.69, weighed down by profit-booking in blue-chips.The fall was led by technology and IT as mixed global cues didn't help things either.Nifty fell 11.35 points, or 0.13 per cent, to 8,510.80.After hitting the day's high of 28,335.23, its highest in 10 weeks, the 30-share index slipped into ...
Snapping a two-day rising run, gold prices today fell by Rs 70 to Rs 26,500 per ten grams at the bullion market in the national capital owing to slackened demand at prevailing levels amid a weak global trend. Silver, however, ended steady at Rs 36,000 per kg on scattered demand from consuming industrial units. Traders said easing demand at existing levels and a weak trend overseas, as a stronger ...
* Chinese shares continue drop despite Beijing's support * Yen rallies on safe-haven bids as risk sentiment darkens * Euro zone sets end-of-week deadline for Greece TOKYO, July 8 (Reuters) - Asian shares tumbled on Wednesday and the safe-haven yen rallied as Chinese stocks remained in a tailspin, shaking investors already rattled by Greece's debt crisis. The drop in China extended a savage ...
Tata Value Homes today announced India’s first online exhibition for an exclusive audience through a valid invite code. Registrations for this 3-day event are from 13th – 15th July at www.tatavaluehomes.com . Homes buyers during this exhibition can avail a special offer of getting an extra room with their home at no extra cost. Tata Value Homes will also showcase three new launches in the ...
Tata Value Homes today announced India’s first online exhibition for an exclusive audience through a valid invite code. Registrations for this 3-day event are from 13th – 15th July at www.tatavaluehomes.com . Homes buyers during this exhibition can avail a special offer of getting an extra room with their home at no extra cost. Tata Value Homes will also showcase three new launches in the ...
Dismayed by the millions of unsold homes in China's troubled real estate market, the Chinese government is taking matters into its own hands: by buying some properties and turning them into public housing. Like a white knight riding to the rescue of distressed developers, a handful of local governments are snapping up thousands of empty homes at hefty discounts and re-selling them to the country's ...

Today's picks

2013-02-19 18:00:00

NIFT Current: 5,898 (futures: 5,906) Target: NA Index remains range-bound between 5,870 and 5,925 with very nominal futures premium. The range today could be 5,850 or 5,950. Stop-loss shorts at 5,925 and stop-loss long positions at 5,975. A long 5,800p (19) and long 6,000c (21) could gain 10-12 if the market swings 50 points in either direction. STATE BANK OF INDIA Current price: Rs 2,263 Target price: ...

Today's picks

2013-02-09 18:00:00

NIFTY Current: 5,939 (futures: 5,964);Target: NAThe downtrend continued. Key support was tested at 5,930. A drop below 5,920 could mean a dip till 5,875. A bounce will hit resistance at 5,975-5,990. Futures premium has increased to 25, which may mean a pullback on short-covering. The bearspread of long 5,900p (48) versus short 5,800p (23) continues to look attractive.TATA STEEL Current price: Rs 390;Target ...
* Chinese shares continue drop despite Beijing's support * Yen rallies on safe-haven bids as risk sentiment darkens * Euro zone sets end-of-week deadline for Greece TOKYO, July 8 (Reuters) - Asian shares tumbled on Wednesday and the safe-haven yen rallied as Chinese stocks remained in a tailspin, shaking investors already rattled by Greece's debt crisis. The drop in China extended a savage ...
TOKYO (Reuters) - Asian shares fell on Wednesday as investors fretted over Greece's debt crisis and a recent plunge in Chinese stocks, while the euro steadied. Euro zone members gave Athens until the end of this week to propose reform measures in order to secure the funding it needs to stay in the euro zone. Investors nervously awaited the opening of China's share markets, after they slumped on ...
By Paul Taylor and Renee Maltezou BRUSSELS (Reuters) - Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin. "The stark reality is that we have only five days left ... Until now I have avoided talking about deadlines, but tonight ...
NEW YORK, July 7 (Reuters) - U.S. stocks ended a volatile session higher on Tuesday, with the S&P 500 recovering from a drop of more than 1 percent as energy shares gained alongside an afternoon rebound in crude oil prices. The Dow Jones industrial average rose 95.94 points, or 0.54 percent, to 17,779.52, the S&P 500 gained 12.84 points, or 0.62 percent, to 2,081.6 and the Nasdaq Composite added ...
By Christopher Johnson LONDON (Reuters) - Iran, the United States and five other major powers are trying to reach an agreement to restrain the Iranian nuclear programme in exchange for relief from economic sanctions. The following are answers to frequently asked questions about any nuclear deal and what follows, from analysts, economists and academics in Reuters Global Oil Forum: Q: When ...
PARIS (Reuters) - French carmaker Renault on Tuesday posted a 0.7 percent increase in first-half sales volumes, as a recovering European market helped offset slowing Chinese demand and a sales collapse in Russia and Latin America. Renault's global registrations rose to 1.386 million light vehicles in the six months ended June 30 from 1.367 million a year earlier, the company said in a statement. ...
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