Federal

The exit of Joint Managing Director KVS Manian dragged Kotak Bank’s stock by 3 percent. But Federal Bank, where he is tipped to join as per reports, gained 3 percent

Federal Q2 Net Profit seen up 53.6% YoY to Rs. 472.4 cr: Prabhudas Lilladher

Net Interest Income (NII) is expected to increase by 5.7 percent Y-o-Y (up 2.9 percent Q-o-Q) to Rs. 1,458.9 crore, according to Prabhudas Lilladher.

Mutual trust should define Centre-state relationship

There is an urgent need for new platforms where the two sides can discuss threadbare niggling issues regarding governance

Will short outperforming sectors if markets fall: Ambit

Speaking to CNBC-TV18, Vaibhav Sanghvi, MD of Ambit said that stimulus from ECB may result in markets holding onto current levels but expects markets to cool off eventually.

Sensex ends up 174 pts, Fed move eyed; M&M drags 5%

The market was cautiously optimistic as the crucial FOMC meet will decide interest rates tonight. Most analysts are hoping that the Federal Reserve will increase rates for the first time in a decade. Ridham Desai, MD & Head of India Research, Morgan Stanley feels that the Indian market will gain if Fed hikes rates.

Dr Reddy's recovers after losing 7% on Lundin Law probe

The investigation is related to allegations that certain statements issued by DRL were false and misleading concerning the company‘s financial performance.

Cabinet approves MoU between India and Belgium for Energy

"The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a Memorandum of Understanding which has been signed between Indian and Belgian government authorities at the Federal and regional level for energy," an official statement said.

The real reason behind mayhem in emerging markets

This week`s selloff also spread to energy importing nations, like Indonesia and India, which many view as a catch up to the selling seen in exporter peers.

HSBC, others picked for India's $436 mn NHPC share: Srcs

IDFC Capital Ltd and Edelweiss Financial Services Ltd are the other two advisors for the sale of an 11.36 percent government stake in NHPC. The stake is worth about USD 436 million at current market price.

BSE Sensex, Nifty end with marginal gains; Wipro, TCS gain

The US Federal Reserve's two-day policy meeting starts today. Economists expect the Fed to reduce its asset purchase programme by USD 10 billion dollars a month. Global markets turn cautious.

EMs to be under pressure due to QE tapering: Kotak Inst'l

According to Sanjeev Prasad, the emerging markets will be under pressure due to tapering by the US Federal Reserve. Also, he believes so far the foreign institutional investors have been holding in the Indian market but are likely to sell if rupee falls further.

HSBC wins OK of record $1.92bn money-laundering settlement

A federal judge has approved HSBC Holdings Plc's record USD 1.92 billion settlement with federal and state investigators of charges that it flouted rules designed to stop money laundering and thwart transactions with countries under US sanctions.

Brent hovers near 10-week high, Fed meeting in focus

The Fed, whose two-day policy meeting starts on Tuesday, is under pressure to roll back some of the USD 85 billion in monthly bond purchases after advances in the US economy. Its three quantitative-easing schemes have buoyed prices of commodities.

Air India may resume Dreamliner flights by April-end

With the US aviation regulator approving Boeing's plan to fix the battery-fire problem in the Dreamliner fleet, Air India today hoped to resume flights of this grounded aircraft by the later part of next month.

Gold importers wary of new deals on weak rupee

Gold importers in India, the world's biggest buyer, refrained from striking new deals as a weaker rupee supported the yellow metal.

Asia shares decline on Italy election

Asian shares fell on Tuesday, taking their lead from overnight plunges in global equities while currency markets remain volatile as no party has won a Senate majority in Italy's elections, extending fears of a resurgent euro zone debt crisis.

Nifty unlikely to fall below 5800 before Budget: IL&FS

After the Fed meeting on Wednesday, global markets corrected due to sell-off affecting the Indian market and leadng to a sharp decline. In an interview to CNBC-TV18, Vibhav Kapoor of IL&FS said that he does not expect the Nifty to fall below 5,800 before the Budget.

Bullish on risk assets, France can outperform: Julius Baer

Mark Matthews, head of Asia Research, Julius Baer told CNBC-TV18 that the environment remains bullish for risk assets.

India hiring outlook weakest in over 3 years: Manpower

Most US employers are unwilling to add workers because of uncertainty around November's elections, the Federal budget, and the effect of Europe's slowdown, according to a quarterly hiring survey by ManpowerGroup.

2012: Year of savings rate war?

The year 2011 marked the beginning of a savings rate war with private sector lender, YES Bank leading the pack. Savers can now earn as high as 7% interest on their idle money on savings account held in the bank. It is easy for banks with smaller deposit base to hike savings rate a bit aggressively.

India is clearly in a cyclical slowdown: UBS Securities

Suresh Mahadevan of UBS Securities feels the current rally in the European markets is reflection of things getting better. But for India to move decisively higher, he said, an India-specific catalyst will be needed, which has been missing so far.