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Markets hit 2-month low; top twelve stocks in action
Jun 13, 2013 at 11:21 | Source: Economic Times
NEW DELHI: The 50-share Nifty index slipped below its crucial psychological level of 5700 in morning trade on Thursday, led by losses in Tata Motors, Sun Pharma, PNB and Jindal Steel. The market is likely to remain under pressure and long term invest...
Apollo to buy Cooper Tire for Rs 14,500 crore
Jun 13, 2013 at 11:15 | Source: DNA India
In the biggest deal of its kind by any Indian auto company, Apollo Tyres, the country s second-largest tyre-maker, will acquire a 100% stake in the US-based, Nasdaq-listed tyre-maker Cooper Tire Rubber Company for Rs 14,500 crore ($2.5 billion). Pos...
Sensex slips below 19000; Nifty hits 2-month low
Jun 13, 2013 at 10:11 | Source: Economic Times
MUMBAI: The S&P BSE Sensex opened with a gap-down and slipped below its crucial psychological level of 19000 to hit is lowest level since April 18, led by losses in healthcare and rate sensitive sectors such as auto, banks and realty on the back of ...
Sensex plunges 144 points; Auto, FMCG stocks skid
Jun 13, 2013 at 10:03 | Source: The Hindu BusinessLine
Mumbai, June 13: Indian markets were trading down by over 0.6 per cent in the morning session on Thursday on heavy selling by funds and retail investors owing to weak Asian cues. At 10.05 a.m., the 30-share BSE index Sensex was down 144.53 points or...
Apollo Tyres in Rs 14,500cr buy
Jun 13, 2013 at 08:42 | Source: Calcutta Telegraph News
New Delhi, June 12: Apollo Tyres will acquire US-based Cooper Tire Rubber Company in an all-cash deal worth Rs 14,500 crore — a buy that will catapult it to the position of the seventh largest tyre manufacturer in the world. Apollo said the ac...
Ex-Defence secretary Vijay Singh may join Tata Sons
Jun 13, 2013 at 06:11 | Source: Economic Times
MUMBAI/NEW DELHI: The Tata group has held talks with former defence secretary Vijay Singh on joining the board of the holding company Tata Sons, a person with direct knowledge of the development said. Sixty-five-year old Singh is a well-regarded for...
Jun 13, 2013 at 00:47 | Source: Financial Express
Once you remove the impact of the unexplained 87% surge in apparel production in April�on top of a 159% one in March�the growth in the index of industrial production falls to a mere 0.4% as opposed to the official 2%. While that�s lower than e...
Apollo Tyres to buy Cooper Tire for $2.5 billion
Jun 12, 2013 at 23:45 | Source: FirstPost
REUTERS - Apollo Tyres Ltd (APLO.NS) agreed to buy U.S.-based Cooper Tire & Rubber Co (CTB.N) for about $2.5 billion in a deal that would make it the world's seventh-largest tire maker and reduce its dependence on a slowing Indian auto market.Apo...
Car sales: Glitch stokes job loss fears
Jun 12, 2013 at 23:27 | Source: Financial Express
With car sales in India falling for a record seventh month, fears of job losses in the industry have been triggered. According to the latest data released by the Society of Indian Automobile Manufacturers (Siam), passenger car sales fell 12.26% in M...
Sensex down 102; weak IIP, inflation data offset rupee gain
Jun 12, 2013 at 19:42 | Source: DomainB
Benchmark indices extended their losing streak on Wednesday, as the latest macro-economic indicators showed that a decent recovery was still some way off. The dour April industrial output and May inflation readings offset cheer from the partial rebo...
Most of rupee's depreciation may be behind us: BofA-ML
Jun 12, 2013 at 11:41 | Source: Economic Times
3% in a month), markets were negative on 75% of the occasions, and fell on average by 4.1%," it substantiates. Jaipuria says, "The markets will be volatile in line with global trends and near term we may see some more correction. However, after the 6...
Car sales dip for seventh month; SIAM warns of job cuts
Jun 12, 2013 at 11:41 | Source: Economic Times
NEW DELHI: The Indian car market slipped into its longest period of slump in May with sales declining for the seventh straight month despite high discounts on offer, forcing carmakers to cut production and triggering fears of job losses. Car sales in...
Dip in car sales fuels job loss worry
Jun 12, 2013 at 08:57 | Source: Calcutta Telegraph News
New Delhi, June 11: A prolonged slump in car sales has raised the spectre of job cuts in the automobile sector, industry body Siam has warned. Car sales fell for a record seventh consecutive month in May by 12.26 per cent at 1,43,216 units against 1...
Sensex slides 298 pts to two-month low
Jun 12, 2013 at 05:47 | Source: Business Today
The BSE benchmark Sensex on Tuesday sank by 298 points to close at nearly two-month lows as steep fall in rupee dampened rate cut hopes.Tracking rupee which hit a new record low of 58.98 versus dollar intra-day, Sensex dropped by 320 points and Nift...
May continues the falling streak of car sales in India
Jun 11, 2013 at 23:36 | Source: Economic Times
NEW DELHI: Car sales in India slid for the seventh straight month with a 12% decline in May even as the all time high double-digit discounts failed to entice customers as the slowing economy dragged down demand. As per the sales data released by the ...
Car sales fall for 7th month in May; SIAM fears job losses
Jun 11, 2013 at 19:47 | Source: The Hindu BusinessLine
New Delhi, June 11: Car sales in India fell for a record seventh consecutive month in May with a decline of 12.26 per cent, prompting industry body SIAM to caution that the prolonged slump in the market could result in job losses in the automobile s...
Car sales fall for 7th month in May, SIAM fears job losses
Jun 11, 2013 at 13:11 | Source: Economic Times
NEW DELHI: Car sales in India fell for a record seventh consecutive month in May with a decline of 12.26 per cent, prompting industry body SIAM to caution that the prolonged slump in the market could result in job losses in the automobile sector. Acc...
BSE Sensex falls to near 6-week low as rate cut hopes dim
Jun 11, 2013 at 08:52 | Source: Business Today
PHOTO: Reuters The BSE Sensex on Friday washed out all of its mid-session gains in a volatile trade, declining by another 90 points to close at nearly 6-week low on concerns over the depreciating rupee and hawkish statement by the Reserve Bank of In...
Top five trading picks from Jitendra Mehta
Jun 11, 2013 at 07:52 | Source: Economic Times
We bring you the Top five trading picks from Jitendra Mehta, Head Technical Research - Edelweiss Financial. Idea Cellular: Sell; Target - Rs 115; Last Close - Rs 129.30; Stop Loss: Rs 136 'Tweezer Tops' on weekly chart have bearish implication. Mome...
Reliance Industries eyes 31% stake in Haldia Petrochemical Ltd
Jun 11, 2013 at 07:52 | Source: Economic Times
KOLKATA: Six companies, Reliance Industries Ltd, ONGC, Indian Oil Corporation, GAIL, Essar and Cairn have evinced interest in acquiring 31% in Haldia Petrochemical Ltd (HPL), portion of the stake that the West Bengal government holds. Confirming the...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
