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China stocks rose on Thursday, with sentiment boosted by news that Beijing is expanding the investment scope of country's 1.2 trillion yuan ($194 billion) social security fund. The government announced late on Wednesday that the fund, which backs China's pension system, will be allowed to buy more local government debt, investment trusts and shares in state-owned companies. Analysts said the move ...
Indian private equity fund India Value Fund Advisors (IVFA) said it expected to conclude fundraising in the next 90 days for an up $700 million sector-agnostic fund that would focus on midsized companies. IVFA, in a statement late on Wednesday, said it had already raised $500 million, but expected to close the fund after raising $200 million more from over 25 global investors, including sovereign ...
Gold rallied 2 percent on Wednesday as the dollar retreated after a downbeat U.S. jobs report raised expectations that the Federal Reserve could be more cautious in tightening monetary policy.The dollar fell 0.2 percent against a basket of currencies, after weaker-than-expected ADP private jobs data raised concerns that Friday's impending jobs report could also point to worsening conditions in the ...
The government today raised import tariff value on gold to $385 per 10 grams and silver to $543 per kg, taking cues from firm global price trends.During the last fortnight of March, the tariff value on imported gold was $375 per 10 grams and on silver at $512 per kg.The import tariff value is the base price at which customs duty is determined to prevent under-invoicing. It is revised on a fortnightly ...
The three promoters of ONGC Tripura Power Company Ltd (OTPC), ONGC, IL-FS Energy Development Company Limited (IEDCL) and Government of Tripura, have entered into definitive agreements with India Infrastructure Fund II by which the latter will be acquiring 23.5 percent stake in OTPC. The total consideration of the transaction is about Rs. 426 crore and the agreement was signed on Thursday here. Post ...
Prime Minister Narendra Modi on Thursday urged the Reserve Bank of India (RBI) to take the lead in encouraging financial institutions to set concrete targets for financial inclusion over the next 20 years to help transform the quality of life of the poor. "I come as a representative of the poor, underprivileged, marginalized and tribals; I am one among them; I seek on their behalf and trust you will ...
Microwave ovens that cook tandoori bread, smartphones that understand Tamil and washing machines designed to deal with humid, dusty cities: all part of Samsung Electronics' push to conquer India and offset a global slump.The consumer electronics giant is betting big on Asia's third-largest economy, at a time when overall sales have struggled against rivals like Apple. In January, Samsung reported its ...
A Chinese Internet agency said on Thursday that Google Inc's decision to no longer recognise certificates of trust issued by the authority is "unacceptable and unintelligible".Google said on its official security blog on Wednesday that it would no longer recognise the China Internet Network Information Center (CNNIC) certificate authorities, following an investigation into a potential security lapse.CNNIC, ...

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 Lionel Laurent LONDON (Reuters) - The U.S. dollar lost ground on Thursday, the last trading day of the week for many markets ahead of Easter, after disappointing economic data on Wednesday raised doubts over the growth outlook ahead of key jobs data due Friday. Although non-farm payrolls are expected to show an increase of 245,000 jobs in March, according to economists polled by Reuters, Wednesday's ...
* FTSEurofirst 300 down 0.1 pct, stuck in tight range * Marks & Spencer surges after posting a rise in sales * Investors cautious ahead of U.S. payrolls By Blaise Robinson PARIS, April 2 (Reuters) - European shares dipped on Thursday morning, trading in a tight range ahead of the Easter break, with Greece still at the forefront of investors' minds after the country sent an updated list of reforms ...
MUMBAI (Reuters) - The Reserve Bank of India (RBI) chief said on Thursday the country's push to build infrastructure should not come at the expense of financial stability, adding banks already had too much exposure to the sector. Instead, Governor Raghuram Rajan said, India needed to find new sources of funding for infrastructure so that debt levels remained "moderate". The comments, at a financial ...
(Updates with quotes, details, background) MUMBAI, April 2 (Reuters) - India's central bank chief said on Thursday the country's push to build infrastructure should not come at the expense of financial stability, adding banks already had too much exposure to the sector. Instead, Governor Raghuram Rajan said, India needed to find new sources of funding for infrastructure so that debt levels remained ...
South Korean automaker Ssangyong Motor, owned by India's Mahindra and Mahindra, aims to nearly triple its Europe sales this year, to offset the lacklustre Russian market, its top export market, chief executive said on Thursday.Speaking on the sidelines of Seoul Motor Show, Choi Johng-sik, its new CEO, also said that the automaker plans to boost its Europe sales to 25,000 vehicles this year, from 9,000 ...
(Adds executive and analyst comments, details) By Aman Shah and Aditi Shah MUMBAI/NEW DELHI, April 1 (Reuters) - India's Mahindra & Mahindra Ltd has stopped selling pick-up trucks and sports utility vehicles in Brazil, seven years after it entered the market, due to factors including changes in local regulations, an executive said. India's top utility vehicle maker will continue to service customers ...
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