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US home building at five-month low post tax credit

16th June, 2010 22:59

US housing starts fell more than expected in May to a five-month low as a homebuyer tax credit expired while plunging energy costs pushed producer prices lower, bu
Technofab to launch 2.99 mn share IPO June 29

16th June, 2010 22:55

Technofab Engineering, a contractor to power, oil and gas and industrial projects, said on Wednesday it will launch its share sale of 2.99 million shares on June 2
Yuan 'substantially undervalued': IMF Chief

16th June, 2010 22:52

The International Monetary Fund continues to believe that China's currency is undervalued, IMF chief Dominique Strauss-Kahn said on Wednesday.
VW shrugs off 2010 caution after bumper 5 mths

16th June, 2010 22:49

Volkswagen shrugged off previously cautious outlooks for 2010 profit, saying a forecast-beating performance in the first five months meant it would now "significan
Euro falls on Spain concerns, global stocks falter

16th June, 2010 22:48

The euro fell against the dollar on Wednesday on fresh concerns about Spain's debt, while global stocks faltered after data showed US housing starts fell more than
Euro zone must cut deficit, up growth: ECB's Quaden

16th June, 2010 22:48

A modest economic recovery is taking shape in the euro zone but its countries face two major challenges: reducing their deficits and reinforcing growth, European C
G7 growth paths seen diverging, small double-dip chance

16th June, 2010 22:45

There is a continuing divergence in the rate of recovery among the world's richest nations, Reuters polls show, as the European debt crisis continues to hamper eco
European recession next year 'almost inevitable': Soros

16th June, 2010 22:41

Europe faces almost inevitable recession next year and years of stagnation as policymakers' response to the euro zone crisis causes a downward spiral, billionaire
Binani Cement to buy back 14.5m shares at Rs 90 each

16th June, 2010 22:26

Binani Cement will spend up to Rs 131 crore to buy back 14.5 million shares at Rs 90 each, the issue manager said in a statement on Wednesday.
UK-listed Indian firms favourite among investors

16th June, 2010 22:26

London-listed emerging market companies look set to outperform both UK firms and their domestic peers in 2010, with Indian firms the top picks as their earnings ar
Gold holds around $1,235/oz; debt fears support

16th June, 2010 22:26

Gold held near USD 1,235 an ounce on Wednesday, with demand for the metal as a haven holding firm as widening spreads between Spanish and German government bond yi
Oil & gas spending seen increasing: Survey

16th June, 2010 22:26

Global spending on oil and gas exploration and production will rise 12% in 2010, slightly higher than expected at the end of last year, according to a survey condu
Singapore gives Fortis until July 30 on Parkway bid

16th June, 2010 22:26

Singapore's securities regulator has given Fortis Healthcare until July 30 to say whether it intends to make a full offer for hospital operator Parkway Holdings.
Lalit Modi replies to BCCI third showcause notice

16th June, 2010 22:17

Suspended Commissioner of the Indian Premier League, Lalit Modi has sent a 51-page reply to Board of Control for Cricket in India's (BCCI) third showcause notice,
Nifty consolidating between 5200 & 5250 after 4 good days

16th June, 2010 20:31

After 4-5 good days on the trot, the Nifty is merely consolidating between 5200 and 5250.

Sony Ericsson launches new smartphone, upgrades X10

16th June, 2010 22:57

World No.4 mobile phone maker Sony Ericsson said it would add another smartphone to its offering in the fast growing sector as it looks to consolidate its recent r
Bank of Spain says economic recovery still weak

16th June, 2010 22:54

Signs of recovery in Spain's economy are still very weak, the Bank of Spain governor said on Wednesday, adding it was essential austerity measures were met, even i
Nokia warns weak phone unit to hit Q2, 2010

16th June, 2010 22:50

Nokia warned on Tuesday profitability at its key phones unit would be weaker than expected this quarter and in 2010 as it struggles to compete against rivals like
SBI to start wealth management services in FY11

16th June, 2010 22:48

India's largest lender, State Bank of India, plans to start wealth management services in the current financial year, its chief said.
China's AgBank to launch Shanghai IPO this week

16th June, 2010 22:48

Agricultural Bank of China (AgBank), seeking to raise more than USD 23 billion in what would be the world's biggest initial public offering, said on Wednesday it w
BP agrees to $20 bln fund for spill claims

16th June, 2010 22:47

British energy giant BP Plc reached a tentative agreement with President Barack Obama on Wednesday to place about USD 20 billion in a special fund to pay damage cl
FedEx posts higher quarterly profit

16th June, 2010 22:43

FedEx Corp reported a quarterly profit on Wednesday that beat analyst expectations, but said costs would constrain its 2011 earnings, sending its shares down in pr
Oil eases below $77 after US inventories rise

16th June, 2010 22:26

Oil eased below USD 77 a barrel on Wednesday in a choppy session after a US government inventory report showed crude oil stocks posted an unexpected increase last
May power output up 6.39% YoY

16th June, 2010 22:26

India's power output grew an annual 6.39% in May to 67.98 billion kilowatt hours, the Central Electricity Authority said in a report on Wednesday, even as coal sho
IL&FS Transportation eyes overseas projects

16th June, 2010 22:26

INTERVIEW - IL&FS Transportation eyes overseas projects
Rupee retreats from 4-week high on dollar demand

16th June, 2010 22:26

The rupee tumbled from a four-week high on Wednesday, as dollar demand from crude refiners to meet import commitments erased gains from the euro's recovery and fir
World stocks hit 1-month high; euro near peak

16th June, 2010 22:26

World stocks rose to a one-month high on Wednesday and the euro briefly hit a two-week peak as strong gains on Wall Street encouraged fresh risk-taking, while ling
Govt announces buyback of 3 Gilts of Rs 20K cr

16th June, 2010 22:23

In a much awaited move, the government has announced a buyback of three government securities (G-Secs) of Rs 20,000 crore, reports CNBC-TV18's Gopika Gopakumar.
LIC's exit may leave infra debt fund a non-starter: Sources

16th June, 2010 21:05

The Rs 50,000 crore infrastructure debt fund looks likely to be non-starter. Earlier, CNBC TV18 had already reported that IIFCL is unwilling to participate. It now
Reliance Capital to acquire 18% in Bloomberg UTV

16th June, 2010 20:14

Reliance Capital has agreed to acquire an 18% interest in Bloomberg UTV, reports CNBC-TV18. The investment will form part of the company's exposure to the media se

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