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Global shares and peripheral euro zone bonds jumped on Wednesday as Greece's prime minister signalled he was prepared to accept the bulk of the spending cuts demanded by the rest of the euro zone to keep his country afloat.Alexis Tsipras wrote to the debt-ridden country's international creditors to accept a bailout they had offered over the weekend - though there were caveats which prompted scepticism ...
Reclaiming the 28,000-mark after 2-1/2 months today, the benchmark BSE Sensex surged by 240 points on across-the-board buying after the government promised capital support to PSU banks, while improved macroeconomic data also boosted market sentiment. Moreover, a firming trend in global markets, after Greek PM Alexis Tsipras was reportedly prepared to accept creditors' demands for a bailout buoyed ...
Gold hovered above a near-four-week low on Wednesday, due to a stronger dollar and hopes of progress in the Greek debt crisis after reports that the country would accept most conditions from its international creditors. The crisis has failed to spark robust safe-haven bids for gold, with bullion investors still focused on an expected increase in U.S. interest rates after more strong economic data. ...
Indian jeweller Rajesh Exports said it will finalise an acquisition on Thursday from a handful of targets that have been identified, after a local daily reported the company could buy a stake in a Swiss gold refinery for about $400 million."We are looking for backward integration," chairman Rajesh Mehta told Reuters on Wednesday. "We have identified five-six overseas companies and in tomorrow's board ...
By Barani Krishnan NEW YORK (Reuters) - Oil prices slumped on Wednesday, with U.S. crude headed for its sharpest daily loss since late May, after the first rise in crude stockpiles in the United States in more than two months. The dollar's rally on Greece's debt default, Iran's renewed efforts to reach a nuclear deal with the West to freely resume its crude exports, and signs of OPEC output at ...
LONDON (Reuters) - Global manufacturing growth slowed last month as most Asian economies remained weak while Greek debt talks that dominated debate in Europe kept the euro zone in check, a business survey showed on Wednesday. JPMorgan's Global Manufacturing Purchasing Managers' Index (PMI), produced with Markit, nudged down to 51.0 in June, matching April's near two-year low. It was 51.3 in May. ...
India's Reliance Industries Ltd plans to invest about 2.5 trillion rupees ($39.3 billion) in digital initiatives, Chairman Mukesh Amabani said on Wednesday. He did not give a timeline. Ambani, India's richest man, was speaking at the launch of the Indian government's "Digital India Week", which is part of a campaign to provide fast internet connections for all. The Aditya Birla Group chairman ...
On the very same day noted journalist Shekhar Gupta called him a genius, Rahul Yadav has finally been evicted from Housing.com. Housing.com said it was an unanimous decision to 'release' Yadav with immediate effect on account of his "behaviour towards investors, ecosystem, and the media." "The Board believed that his behaviour is not befitting of a CEO and is detrimental to the company, known for ...

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 ...
By Sweta Singh REUTERS - U.S. stocks rose on Wednesday after Greece's prime minister signaled he was prepared to accept most of creditors' bailout terms and a raft of U.S. data pointed to a stronger economy. Adding to the positive tone, financial stocks rallied after Swiss insurance giant ACE snagged a deal to buy upmarket property insurer Chubb for $28.3 billion. Greek Prime Minister Alexis ...
* U.S. private sector adds most jobs since December * May construction spending highest since October 2008 * Nine of 10 S&P sectors rise, financials biggest boost * Indexes up: Dow 0.76 pct, S&P 0.72 pct, Nasdaq 0.69 pct (Adds quotes, Updates prices) By Sweta Singh July 1 (Reuters) - U.S. stocks rose on Wednesday after Greece's prime minister signaled he was prepared to accept most of creditors' ...
LONDON (Reuters) - Global manufacturing growth slowed last month as most Asian economies remained weak while Greek debt talks that dominated debate in Europe kept the euro zone in check, a business survey showed on Wednesday. JPMorgan's Global Manufacturing Purchasing Managers' Index (PMI), produced with Markit, nudged down to 51.0 in June, matching April's near two-year low. It was 51.3 in May. ...
By Aditi Shah NEW DELHI (Reuters) - Fiat Chrysler will invest $280 million to begin Jeep production in India from 2017 through an expanded joint venture with Tata Motors , the carmaker said on Wednesday. Fiat Chrysler Chief Executive Sergio Marchionne is pursuing ambitious sales targets for Jeep and other group brands under a turnaround plan outlined last year. By 2018, the carmaker aims almost ...
By Aditi Shah NEW DELHI (Reuters) - Fiat Chrysler will invest $280 million to begin Jeep production in India from 2017 through an expanded joint venture with Tata Motors , the carmaker said on Wednesday. Fiat Chrysler Chief Executive Sergio Marchionne is pursuing ambitious sales targets for Jeep and other group brands under a turnaround plan outlined last year. By 2018, the carmaker aims almost ...
* Company to invest in producing Jeep in India * Fiat targeting 1.9 mln Jeep sales for 2018 * India to be No. 3 car market by 2020 - IHS Automotive (Adds details, background; changes dateline) By Aditi Shah NEW DELHI, July 1 (Reuters) - Fiat Chrysler will invest $280 million to begin Jeep production in India from 2017 through an expanded joint venture with Tata Motors, the carmaker said on ...
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