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Goldman Sachs downgraded Citigroup Inc to "neutral" from "buy" citing a lack of near-term catalyst to boost its share price, and replaced it with Wells Fargo & Co on its Americas conviction buy list.
Asian stock markets ended mostly higher on Friday as investors watched the volatile situation in Libya nervously, but took encouragement from easing oil prices.
World powers struggled to find a way to stop Libyan leader Muammer Gaddafi lashing out at his people as he clings to power in Tripoli, the last big city where an uprising against his rule has yet to take hold.
Sergio Marchionne, the chief executive of Chrysler Group LLC, did not receive a cash salary from Chrysler in 2010, the automaker managed by Fiat SpA revealed on Friday in a detailed filing with US regulators.
Volkswagen AG's record year results beat expectations, showing Europe's largest carmaker has enough financial firepower to complete its planned takeover of Porsche.
On February 25, 2011 MLC-PLATINUM GLOBAL FUND bought 481,235 shares of Jet Airways at Rs 408.61 on the NSE. Yesterday the share closed at Rs 419.10.
Indian ADRs ended mostly higher yesterday. In the banking space, ICICI Bank was up 2.28% at $43.88 and HDFC Bank was up 0.17% at $145.91. In the telecom space, MTNL was unchanged at $1.84, while Tata Comm was down 4.98% at $9.35.
US stocks rose on Friday, bouncing back from a three-day sell-off as oil prices stabilized, but unease over the Libyan rebellion could be enough to keep buying in check.
Fertilizer, telecom, pharma sectors will be getting astrological support, says Satish Gupta of astrostocktips.
Equity diversified NAVs ended higher with advance:decline ratio of 176:79 as the Indian equity benchmarks closed the session on a positive note on Friday, supported by short covering in most beaten-down stocks in the previous three sessions.
Industrialist Adi Godrej is expecting a pro-growth budget. He said that the revenues have increased despite the stimulus and even with the stimulus, the fiscal deficit is lower than the budget target.
The Securities and Exchange Board of India has passed order in the IPO irregularities case, which occurred in 2005 when the Yes Bank IPO was filed.
India can now sign treaties with five more countries in its pursuit to bring back black money stashed abroad with the Cabinet today approving such pacts.
Railway Minister Mamata Banerjee has given step-motherly treatment to Mumbai in the budget presented today, former Minister of State for Railways Ram Naik alleged.
India's oil ministry wants the cabinet to decide on a deal for Cairn Energy to sell control of its Indian assets to Vedanta Resources as quickly as possible, Petroleum Minister S Jaipal Reddy said on Friday.
The economic survey for 2010-11 suggests two types of licenses for companies expecting a banking license. The two tier system envisages one licence to provide basic banking to meet objectives of financial inclusion and other for full range of services based on minimum capital requirement.
Fairwealth Securities has come out with a report on Indian Railway Budget 2011-12.
Anand Rathi Securities is bullish on Aurobindo Pharma and has recommended buy rating on the stock with a target of Rs 312 in its February 24, 2011 research report.
Sunidhi Securities is bullish on Sarla Performance Fibers (SPFL) and has recommended buy rating on the stock with a target of Rs 160 in its February 24, 2011 research report.
Broker Harshad Meta was arrested for dipping illegally into the banking system to finance his share buying a couple of decades back. Since a decision on his fiscal assets is pending even after his death, the government has decided to distribute his Rs 2,250 crore funds to the claimants on this Friday, reports CNBC-TV18 quoting government sources.
Vertu is a smartphone with every key on its QWERTY keyboard ground from a solid block of sapphire.
Harvard Business School, one of the top business schools in the world, has announced its second new venture contest in India.
182-day Treasury Bills auction: Rs.2,000 crore under regular auction
91-day Treasury Bills auction: Rs.5,000 crore under regular auction
Test prep firms continue to be hot picks. Educomp Solutions, a publicly listed integrated education company, has picked up a majority stake in leading test preparation company Gateforum Educational Services Ltd.
