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India gold prices were steady on Tuesday afternoon tracking overseas markets, but demand stayed weak as wedding season neared its end in the world's largest consumer of bullion, dealers said.
Japan's Nikkei stock average climbed to a 7-½ month closing high on its first day of trading for the year, helped by strong global manufacturing data that lifted equities worldwide and by a bounce in the dollar against the yen.
Metro aims to make a profit in all its Asian businesses by the end of 2013, Frans Muller, chief executive of the German retailer's Cash & Carry unit, told Handelsblatt newspaper on Tuesday.
Rajeev Gupta, Managing Director of Carlyle in India and a member of Asia buyouts team, has quit the private equity firm after a five-year stint at the buyout firm.
The FY11 direct tax collections may just meet budget estimates, reports CBNC-TV18. The direct tax collection was estimate at Rs 4.3 lakh for this fiscal year.
Second Liquidity Adjustment Facility : Auction Results
US-based Chevron Corp, one of the largest integrated oil & gas producer in the world, has initiated talks with a couple of Indian companies to sell some of its downstream African assets.
Ahmedabad-based Shree Mahila SEWA Sahakari Bank may raise USD 10 mn in funding from International Financial Corporation (IFC), the private investment arm of World Bank. Gujarat-based SEWA Bank, part of the SEWA group founded by Ela Bhatt, will use the funding to expand its geographic presence and strengthen capacity.
Year 2010 pretty much matched up with 2007 in terms of M&A deal activity, but it still was a long list of hits and misses. After two misses in earlier year to gain a big bang entry into Africa, Bharti did strike a multi-billion dollar transaction in the continent.
The ministry of finance has initiated action to see if Kraft Foods will have to pay taxes to Indian authorities in its USD 19 bn takeover of Cadbury last year, as claimed by a public interest petition.
Results of Auctions of 10-year State Development Loans, 2021 of Five State Governments
Though it is a well known fact that we need to save to build a retirement nest egg, many of us fail to do so. Investment expert Hemant Rustagi tells you how to achieve the desired results.
One of India's biggest corruption scandals from the 1980s has resurfaced to tarnish the ruling Congress party and embolden an opposition that has paralysed parliament with protests over graft accusations.
Suzlon Energy said on Tuesday media reports of Spain's Gamesa picking up a majority stake in the Indian wind turbine maker were "speculative in nature and inaccurate".
The benchmark Nifty snapped four-day winning streak on Tuesday and closed the rangebound session with moderate losses; it saw consolidation around 6150 level. The sell-off in financial, telecom, capital goods, auto and realty companies' shares weighed on markets.
Ramco Systems has bagged order from MAS GMR Aerospace Engineering.
Fund managers don’t expect the stock market to sizzle in 2011. That means debt and hybrid funds will steal equity’s thunder
The ministry of finance has initiated action to see if Kraft Foods will have to pay taxes to Indian authorities in its USD 19 bn takeover of Cadbury last year, as claimed by a public interest petition.
Thousands of Japanese packed a Tokyo shrine on Tuesday, the first working day of 2011, to pray for better luck and a rebound in the lagging economy just days after ushering in the Year of the Rabbit.
Singapore-based Indian equity fund Helios Strategic is betting on lenders such as HDFC Bank, despite a strong run-up last year, though it continues to hold short positions on Indian telcos as it believes the industry's woes are far from over.
Spot coking coal prices have risen around 10% in a month and look set to move sharply higher as Asia's steel mills scour the globe for new suppliers to cover production lost to Australian floods.
India would like French companies to help develop its fast-growing motorway network, India's minister for road transport Kamal Nath said in an interview with French daily Le Figaro published on Tuesday.
Greatship's subsidiary has placed an order for one construction support vessel (Platform/Rov Support Vessel).
IDBI Bank has increased deposit rates by 25-75 bps, reports CNBC-TV18. It touched an intraday high of Rs 167.40 and an intraday low of Rs 162.10. At 15:14 hrs the share was quoting at Rs 162.65, down Rs 3.35, or 2.02%.
At 15:01 hours IST - equity benchmarks were lacklustre in trade and were hovering just around their previous closing values. Consistent sell-off in financial, telecom, capital goods, realty and select auto companies' shares along with TCS and ONGC were putting pressure on markets.
