Moneycontrol Latest News

Morning Cues: Bernanke, Bank of Japan to drive mkts today?

Wed, 22 May 2013 08:19:43 +0530

US markets closed marginally higher ahead of the Ben Bernanke's testimony to the congress. Expectations are that the Fed chairman will maintain his dovish tone. European markets ended mixed. Japan is up 1 percent today.

Asian stocks cheered by Fed reassurance, yen awaits BOJ

Wed, 22 May 2013 08:02:30 +0530

Asian markets trading higher on Wednesday. Tokyo's Nikkei gained 0.9 percent, breaking above 15,500 for the first time in over five years.

AstraZeneca Q4 net loss at Rs 19 crore

Wed, 22 May 2013 00:21:15 +0530

Drug firm AstraZeneca Pharma India Ltd on Tuesday posted a net loss of Rs 18.57 crore for the fourth quarter ended March 31, 2013. The company had posted a net loss of Rs 33 crore in the same period of previous fiscal.

Prestige Estates Q4 net jumps more than two-fold to Rs 89cr

Wed, 22 May 2013 00:13:11 +0530

Real estate firm Prestige Estates Projects on Tuesday reported a more than two-fold jump in standalone net profit at Rs 89.03 crore for the fourth quarter of 2012-13.

Moily asks Kelkar to suggest roadmap for freeing gas prices

Wed, 22 May 2013 00:08:10 +0530

Oil minister M Veerappa Moily has asked the Vijay Kelkar panel on energy security to suggest roadmap for freeing natural gas prices by March 2017

CCI to seek more info from CAG on telecom spectrum auctions

Tue, 21 May 2013 23:58:43 +0530

The Competition Commission is likely to look into whether there was cartelisation among telecom players in the recent spectrum auctions, as has been charged by the country's top auditor.

Sebi@25: Greater powers after the Harshad Mehta scam

Tue, 21 May 2013 23:49:58 +0530

In the second part of the special series Sebi@ 25, CNBC-TV18’s Ashmit Kumar reveals details how the market regulator learnt from these lapses and emerged keener and stronger

Essar Energy, 19 others ink $1.5-bn deals with Chinese cos

Tue, 21 May 2013 23:41:39 +0530

Essar Energy and China Development Bank and PetroChina International Co inked a USD 1 billion loan for the oil major, according to the MoU sheet provided out by the event organiser, CII.

Srei Infra to raise Rs 1,500 cr via debentures

Tue, 21 May 2013 23:32:58 +0530

Srei Infrastructure Finance Ltd will raise Rs 1,500 crore by public issue of debentures in the current fiscal. The company's board has also approved to raise up to Rs 500 crore in one or more tranches through issue of preference shares.

Company equally responsible for sexual harassment: Expert

Tue, 21 May 2013 23:31:35 +0530

Sajai Singh, employment law attorney and partner J Sagar Associates says, in an interview to CNBC-TV18, that the company is equally responsible for in a case of sexual harassment

Average inflation has almost doubled in UPA II: Zarabi

Tue, 21 May 2013 23:28:17 +0530

A poll by CNN-IBN reveals the complete loss of trust of urban India in the government. More than half of those polled feel that Manmohan Singh should not continue as PM and a majority felt that corruption, rising prices and safety are prime concerns for the country.

Rajat Gupta to appeal against insider trading conviction

Tue, 21 May 2013 23:27:42 +0530

Rajat Gupta will seek appeal against his insider- trading conviction in a US court. The case rested exclusively on circumstantial evidence that relied on wiretap statements that did not involve him will be his argument.

Aim to scale up all 6 Chinese hubs: TCS' Chandrasekaran

Tue, 21 May 2013 23:11:32 +0530

TCS is present in six locations in China-Beijing, Shanghai, Shenzhen, Tianjin, Dalian and Hangzhou. N Chandrasekaran MD and CEO said, we need to increase our presence in state run enterprises in China

RBI puts foot down on put-and-call options in realty sector

Tue, 21 May 2013 22:32:36 +0530

CNBC-TV18’s Gopika Gopakumar reports that though the government has announced plans to legalise put-and-call options, the RBI has put its foot down on put-and-call options in the realty sector.

Put call options breather to real estate PE sector

Tue, 21 May 2013 22:31:57 +0530

With real estate IPOs being called off due to stock market volatility a couple of years ago, this move by the government to allow put and call options on contracts will provide a breather to private equity investors who had hoped to gain by exiting through the primary market route.