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Mumbai rocked by deadly attacks

Dec 18, 2014 at 20:02 | Source: BBC

Gunmen have carried out a series of co-ordinated attacks across the Indian city of Mumbai (Bombay), killing 101 people and injuring 287 more. At least seven high-profile locations were hit in India's financial capital, including two luxury hotels whe...

Can the BCCI be fixed? Nah! We should ask the NSE to create a rival league

Dec 11, 2014 at 14:52 | Source: FirstPost

How do you solve a problem like BCCI?You can't. It's like asking how do you straighten a dog's tail. You can leave it in a hard cement cast and, when the cast is removed, the tail will rediscover it curve. So, the Supreme Court should stop trying to ...

Brand sale dose for drug deal

Dec 02, 2014 at 04:12 | Source: Calcutta Telegraph News

New Delhi, Dec. 1: Pharma majors Sun and Ranbaxy must sell some of their brands to get approval for their mega merger, according to the Competition Commission of India (CCI). The watchdog feels the $4-billion deal, struck some seven months back in A...

Huge rise after Japan surprise

Nov 01, 2014 at 12:17 | Source: Calcutta Telegraph News

Mumbai, Oct. 31: Bank of Japan’s surprise stimulus measures sent the Sensex soaring nearly 520 points and made investors richer by Rs 149,254 crore. The Nifty was also in the thick of action as it rallied 153 points. While both the indices set...

Rating blow to Infy scrip

Oct 09, 2014 at 18:42 | Source: Calcutta Telegraph News

Mumbai, Oct. 8: Shares of Infosys were battered today following a downgrade by foreign brokerage Citigroup. This comes at a time expectations are building up ahead of the company’s second-quarter results on Friday. Citi downgraded the stock to...

IFC raises Rs 600cr via bonds

Sep 24, 2014 at 04:47 | Source: Calcutta Telegraph News

Mumbai, Sept. 23: International Finance Corporation (IFC), an arm of the World Bank, has raised Rs 600 crore ($100 million) through the issue of the first tranche of its onshore rupee-linked bonds, which will be listed on the National Stock Exchange...

Merck licenses experimental psoriasis drug to Sun Pharma

Sep 18, 2014 at 00:15 | Source: FirstPost

(Reuters) - Merck & Co Inc (MRK.N) said it had licensed its experimental psoriasis drug to Indian generic maker Sun Pharmaceutical Industries Ltd (SUN.NS) for $80 million.Under the agreement, Sun Pharma will acquire the worldwide rights to the dr...

Mutual fund scheme launched for NRI investors in Oman

Sep 16, 2014 at 15:25 | Source: Economic Times

DUBAI: A new mutual fund scheme for NRI investors in Oman has been launched by an Indian asset management company. The mutual fund, Select Micro Cap Series VI launched by Sundaram Asset Management Company, is for a 42-month period and 75 per cent of ...

USL braces for Nifty exit

Sep 08, 2014 at 08:57 | Source: Calcutta Telegraph News

Calcutta, Sept. 7: The National Stock Exchange (NSE) is unlikely to review the exclusion of United Spirits Ltd (USL) from the benchmark Nifty index and expects the process to be over by the end of this month. An NSE official told The Telegraph that ...

Drug deal faces tough test

Sep 05, 2014 at 19:52 | Source: Calcutta Telegraph News

New Delhi, Sept. 4: Launching the first-ever public scrutiny of an M A deal in India, fair trade watchdog CCI today said it has prima facie found that the $4-billion merger of Ranbaxy Labs into rival Sun Pharma is likely to have an appreciable adver...

Bourses continue to march forward

Sep 04, 2014 at 04:02 | Source: Calcutta Telegraph News

Mumbai, Sept. 3: The doubting Thomases may be fearing an impending correction, but stock prices continue to chug along. The key indices today created new records on the back of sustained foreign fund inflows and optimism that the domestic economy wa...

FTIL exits MCX

Aug 28, 2014 at 03:07 | Source: Calcutta Telegraph News

Mumbai, Aug. 27: Jignesh Shah promoted-Financial Technologies India Ltd (FTIL) today exited the Multi-Commodity Exchange of India (MCX) by selling its residual 5 per cent stake for Rs 211 crore. The holding was offloaded in the open market through b...

Court call clouds coal course Verdict upsets market mood

Aug 26, 2014 at 08:52 | Source: Calcutta Telegraph News

Mumbai, Aug. 25: The Supreme Court’s ruling on coal block allocations sparked a spontaneous sale on the stock markets and dragged down key indices from record levels as investors panicked over the implications of the ruling across various sect...

Markets hit fresh life highs; experts say bull run is on; top 20 stock bets

Aug 18, 2014 at 14:02 | Source: Economic Times

MUMBAI: The markets are on a roll, with the Sensex and Nifty making fresh life highs, led by gains in banks, auto and energy counters. The new life high for Sensex is 26302.52; and that for Nifty is 7848.30. The Nifty extended its winning streak for ...

Sun bid to address monopoly concern

Aug 14, 2014 at 04:07 | Source: Calcutta Telegraph News

Mumbai, Aug. 13: Sun Pharma today said it was in discussion with the Competition Commission of India (CCI) to allay apprehensions about the impact of its acquisition of Ranbaxy Laboratories on the domestic pharmaceutical sector. The fair trade watch...

Sensex recovers over 221 points in early trade, realty stocks surge

Aug 11, 2014 at 10:59 | Source: FirstPost

Mumbai: The benchmark BSE Sensex recovered over 221 points in early trade on Monday as realty stocks led the rebound after market regulator SEBI on Sunday approved new norms for setting up and listing of Real Estate and Infrastructure Investment Trus...

Sensex takes a hit as worries mount

Jul 12, 2014 at 19:27 | Source: Calcutta Telegraph News

July 11: A routine written reply in Parliament by Nirmala Sitharaman, in her capacity as the junior minister in the finance ministry, on General Anti-Avoidance Rules (GAAR) today spooked the stock market, with the Sensex crashing over 348 points. Si...

Markets Live: After being buoyed by Infosys results Sensex, Nifty fall 1%

Jul 11, 2014 at 13:00 | Source: FirstPost

1:05 pm: Markets hit days lowAfter a strong start to the day both the Sensex and Nifty have slumped around 1 percent. The Sensex was down 282 points at at 25090 while the Nifty down 94 points at 7473. 9:30 am: Markets jump on Infosys resultsAfter thr...

Sensex atop Mount 26K

Jul 09, 2014 at 00:02 | Source: Calcutta Telegraph News

Mumbai, July 7: The BSE Sensex today closed above the 26000-mark for the first time on expectations that finance minister Arun Jaitley would announce growth-oriented measures in the budget on Thursday. Both the Sensex and the Nifty climbed new peaks...

Rush to meet board norms

Jul 09, 2014 at 00:02 | Source: Calcutta Telegraph News

Mumbai, July 7: Corporate India will have to add 10 women directors every day to their boards to comply with a Sebi directive, which states that listed companies must have at least one woman on their board from October. As many as 904 companies, or ...

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