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China's vast network of "grey market" lenders have reaped big profits from lending money to individuals and companies to buy stocks, but as markets slump their customers face heavy losses after borrowing up to 10 times their starting capital. Global investors are increasingly worried about the scale of leverage in China's stock market, fearing the impact of a crash on the ordinary retail investors ...
New Delhi: Telecom service providers are all set to roll out pan-India mobile number portability (MNP) from today in line with the government mandate.This will enable customers across the country to retain their mobile phone numbers while relocating between states.Prominent telecom service providers -- Bharti Airtel, Vodafone India, Reliance Communications, Idea Cellular, Tata Docomo, Aircel and MTS ...
Gold prices firmed on Friday, rebounding from a 3-1/2 month low as the dollar softened after weaker than forecast U.S. employment data tempered expectations for a September rate rise by the Federal Reserve.Investors remained cautious ahead of Greece's referendum on an international bailout deal at the weekend, while liquidity should remain thin throughout the day as U.S. markets are closed for Independence ...
Gold prices in major consumer India were quoted at deep discounts to the global benchmark this week on tepid demand and adequate levels of inventory, dealers said.Prices were quoted at a discount of $8 to $15 an ounce over London prices, much wider than the $1 discount in mid-June, they said.Persistent weakness in India, the world's top consumer of gold last year and the No. 2 buyer in the first quarter ...
By Jemima Kelly LONDON (Reuters) - There is at least one legal way to get your euros out of Greece these days, to guard against the prospect that they might be devalued into drachmas: convert them into bitcoin. Although absolute figures are hard to come by, Greek interest has surged in the online "cryptocurrency", which is out of the reach of monetary authorities and can be transferred at the touch ...
MUMBAI, July 3 (Reuters) - Ample monsoon rainfall in June accelerated planting of main crops such as rice and cotton, government data showed on Friday, though the current dry spell could slow down the pace of sowing in coming weeks. Weather officials forecast monsoon rains would remain subdued in large parts of the country in the first half of July. Good rainfall this year is key to boosting a ...
New Delhi: Telecom service providers are all set to roll out pan-India mobile number portability (MNP) from today in line with the government mandate.This will enable customers across the country to retain their mobile phone numbers while relocating between states.Prominent telecom service providers -- Bharti Airtel, Vodafone India, Reliance Communications, Idea Cellular, Tata Docomo, Aircel and MTS ...
The prospect of a Greek crackup isn't so terrifying anymore. In 2012, financial markets were rattled by the possibility that Greeks would elect a left-wing government, default on their debts and drop the euro currency. The fears pushed the Standard & Poor's 500 stock index down nearly 10 percent that spring. Here's how things look now: The left-wing party, Syriza, holds power in Athens. Greece ...

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 ...
BANGKOK, July 3 (Reuters) - Most Southeast Asian stock markets rose on Friday as inflows into large-caps and financials helped the Indonesian benchmark to a two-week high while Vietnam outperformed in the region amid active buying in banking and energy shares. The Jakarta composite index closed up 0.8 percent at 4,982.91, the highest close since June 19. It posted a weekly gain of 1.2 percent, ...
MUMBAI, July 3 (Reuters) - Indian shares hit their highest in 2-1/2 months on Friday and posted their third consecutive weekly gain given a Greece default is seen as factored in, while better-than-expected progress of the monsoon also helped sentiment. Among gainers, HDFC Bank Ltd rose 1.5 percent on relative valuations, while drugmaker Lupin Ltd rose 1.7 percent after an acquisition in Russia. ...
By Jemima Kelly LONDON (Reuters) - There is at least one legal way to get your euros out of Greece these days, to guard against the prospect that they might be devalued into drachmas: convert them into bitcoin. Although absolute figures are hard to come by, Greek interest has surged in the online "cryptocurrency", which is out of the reach of monetary authorities and can be transferred at the touch ...
China's vast network of "grey market" lenders have reaped big profits from lending money to individuals and companies to buy stocks, but as markets slump their customers face heavy losses after borrowing up to 10 times their starting capital. Global investors are increasingly worried about the scale of leverage in China's stock market, fearing the impact of a crash on the ordinary retail investors ...
WARSAW, July 3 (Reuters) - Poland is competing with Slovakia to host a new $1.9 billion car plant to be created by an Indian automaker, Polish Deputy Prime Minister Janusz Piechocinski said on Friday. "The investor wants to start production in 2019," Piechocinski said. "This will be 350,000 cars per year, the investment is worth 7 billion zlotys ($1.9 billion)." Piechocinski declined to say if ...

Bajaj Auto's June sales up 8%

2015-07-02 13:40:00

Two-and three-wheeler manufacturer Bajaj Auto on Thursday reported an increase of eight percent in its monthly sales for June, which stood at 331,317 units from 305,465 units in the corresponding period of the last year.According to the company, its motorcycle sales during the month under review grew by 10 percent at 287,582 units from an off-take of 262,202 units in June 2014.The company's commercial ...
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