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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 ...
July 2 (Reuters) - The Reserve Bank of India said on Thursday it accepted all 36 bids for 193.10 billion rupees ($3.04 billion) at its one-day reverse repo auction on Wednesday, through which it absorbs liquidity from the banking system. For detailed results, please see the table below: --------------------------------------------------------------- REPO --------------------------------------------------------------- ...
Cash Spot Cash Tom Tom Next --------------------------------------------------------------- Bid/Ask Bid/Ask Bid/Ask (in IST) 1000 02.00/03.00 01.00/01.50 01.00/01.50 05.73% 05.73% 05.73% (Jun 30) 1000 02.00/03.00 01.00/01.50 01.00/01.50 05.72% 05.72% 05.72% ...
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 ...
GLOBAL MARKETS ROUNDUP * Asian shares lost early steadiness and Chinese stocks got off to a weak start on Thursday, while upbeat U.S. economic data helped the dollar gain as investors globally opted for caution due to Greece's standoff with its creditors * The dollar stayed bid early in Asia on Thursday as the market geared up for a deluge of U.S. data that could back expectations for the ...
By Saikat Chatterjee HONG KONG (Reuters) - Asian shares lost early steadiness and Chinese stocks got off to a weak start on Thursday, while upbeat U.S. economic data helped the dollar gain as investors globally opted for caution due to Greece's standoff with its creditors MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.13 percent following yet another weak opening in China's ...
SHANGHAI, July 2 (Reuters) - Chinese stocks fell on Thursday in another highly volatile session even as regulators intensified efforts to put a floor under the sliding market. Before the market opened, China's securities regulator relaxed rules on using borrowed money to speculate on stock markets, the latest in a flurry of government measures aimed at stemming two weeks of panic selling that is ...
* Fragmented state/federal tax system boosts costs, delays trucks * Average tax burden on goods is now 30 pct -govt estimates * Businesses upset at compromises to win states over on reform * Fin Min insists on April deadline for reform despite concerns By Rajesh Kumar Singh NEW DELHI, July 2 (Reuters) - For years Indian businesses have lobbied for a nationwide sales tax, hoping to replace ...
LONDON, July 2 (Reuters) - Luxury carmaker Jaguar Land Rover has signed a contract to build some vehicles in Austria, it said on Thursday, a further expansion away from its UK manufacturing base. The brand, owned by India's Tata Group since 2008, opened its first overseas manufacturing plant in China in October and is building a Brazilian plant in a bid to expand volumes and bring production closer ...
* Fragmented state/federal tax system boosts costs, delays trucks * Average tax burden on goods is now 30 pct -govt estimates * Businesses upset at compromises to win states over on reform * Fin Min insists on April deadline for reform despite concerns By Rajesh Kumar Singh NEW DELHI, July 2 (Reuters) - For years Indian businesses have lobbied for a nationwide sales tax, hoping to replace ...
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