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National carrier Air India has incurred a cumulative loss of over Rs 13,300 crore since its merger with Indian Airlines in 2007, Rajya Sabha was informed today.
The government is expected to take a decision on liberalising foreign direct investment (FDI) in the politically sensitive multi-brand retail sector soon.
According to the sources familiar with the matter, Nippon Life Insurance Co, Japan's largest life insurer by revenue is in final talks to buy about a 26% stake in Anil Ambani-led Indian insurer Reliance Life in a bid to boost overseas business.
An American national symbol -- the bald eagle -- appears to be under attack in the state of Tennessee.
Britain's Channel 4 said on Thursday it would air an upcoming episode of US music comedy series "Glee" which featured a cover version of a song written by disgraced pop star Gary Glitter.
The Dutch city of Utrecht wants cannabis smokers to grow their own marijuana in a cooperative, a move which would go against the Netherlands' drive to discourage soft drug use.
New missteps in response to the epic fraud of Bernard Madoff threatened to undermine the US Securities and Exchange Commission's pitch for more money before a trio of congressional committees on Thursday.
Jackson Hewitt Tax Service Inc said it is working with its lenders on a restructuring plan that may include a pre-packaged bankruptcy, sending the second-biggest US tax preparer's shares down 42% to a life low.
The head of the US Securities and Exchange Commission said she wished the SEC's former top lawyer had removed himself from the agency's work on the epic Bernard Madoff fraud.
Jeweller Tiffany has been singled out as a target for PPR or Richemont after LVMH's take-out of Bulgari , but a deal will take time and smaller bids are more likely.
A disgraced former McKinsey & Co partner told jurors he leaked secrets about the elite consulting firm's clients in exchange for USD 1.75 million in hidden payments from onetime friend Raj Rajaratnam, the main defendant in the biggest US insider trading trial in years.
China's central bank will ensure that there is an appropriate amount of liquidity in the banking system this year, while guiding credit growth at a reasonable pace, it said in a statement on Friday.
According to a report by Angel Broking, if Nifty trades below 5493 levels for the first half-an-hour of trade then it may correct up to 5470-5445 levels.
Nirma | GSK | Henkel India | SBI | TCS | HCL Tech | Wipro | Nestle | BPCL | Godrej Industries | PTC India | ICICI Bank | Reliance Capital | Sesa Goa | McLeod Russel and Hero Honda are stocks, which are in the news today.
Today the Moon is in its own sign Taurus and it is exalted. 12:20 will be the trend changer for the day.
The coming session is likely to witness a resistance at the 5525 levels on advances above which the 5550 maybe tested. Support is likely at the 5450 below which the 5420 levels maybe seen.
The support for the Nifty is at 5460-5376 and resistance at 5560-5654.
Oil prices are trading flat after a volatile session yesterday. There was a sharp intra-day surge on reports of unrest in the world's largest oil exporter, Saudi Arabia.
Govt bond prices are likely to consolidate at these levels in the near-term. However, they may give up some of their gains if the RBI hiked rates by more than 25 bps on March 17, says Dhawal Dalal, DSP BlackRock Invst Managers.
The Dow Jones Industrial Average ended down 229 points at 11,985. The Nasdaq Composite was down 51 points at 2,701 and S&P 500 Index fell 25 points at 1,295 ((one-month low of 1294 remained intact till now)).
PE giant TPG Capital is set for exit from India's largest commercial vehicle financier Shriram Transport Finance Company with returns of around 8x.
Motilal Oswal Private Equity Advisors has announced its second deal this week with a Rs 45 crore investment in ElectroMech Material Handling Systems (India) Private Ltd.
F&O cues: Total Futures Open Int up Rs 731 crore and Total Options Open Int up Rs 1422 crore.
The rupee is rangebound between 44.90-45.40/$. Global events like the West Asian crisis, volatile stock markets and oil prices have been factored in. The rupee will remain under pressure due to global events, says Pramit Brahmbhatt, Alpari India.
Market cues: FIIs net buy USD 46 million in the cash market on Mar 09.
