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Latest Blog Articles in Indian Finance & Business

9 hours ago

Kotak Life launches new ULIP policies »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Kotak Mahindra Old Mutual Life Insurance (Kotak Life Insurance) today announced the launch of two new Unit Linked Insurance Plans viz. Kotak Secure Invest Insurance and Kotak Wealth Insurance.  Kotak Secure Invest Insurance >Equity exposure backed by Capital Guarantee> Inbuilt investment advice .. read full article »

9 hours ago

Chances of US recession 25-30%: Alan Greenspan »

   on The Economic Times

Chances of US recession 25-30%: Alan GreenspanFormer Us Fed Chairman Alan Greenspan said the Indian economy is looking like one of the strongest economies from a structural viewpoint read full article »

9 hours ago

Comex gold prices may trade sideways: Jaypee Capital »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Comex Gold yesterday`s price action remained neutral and ended the day with a marginal loss of 0.18%. ``For today crucial support remains at USD 1,244.30 and trade is expected to remain positive as long as prices keep trading above this level. An intraday breach above USD 1,250.30 would be .. read full article »

9 hours ago

LDF government issues ultimatum to TECOM »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Irked over works not progressing on the multi-crore SmartCity IT Project in Kochi, CPI-M led LDF government in Kerala today decided to issue an ultimatum to the Dubai based promoters, Tecom Investments, reports agency source. A cabinet meeting chaired by Chief Minister V S Achuthanandan resolved .. read full article »

9 hours ago

ECB leaves key rates unchanged »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

At today`s meeting the Governing Council of the European Central Bank (ECB) has decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1%, 1.75% and 0.25% respectively. ... read full article »

9 hours ago

DoT may give exit route to new telecom operators »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Telecom Commission, the decision making arm of Telecom Ministry, will soon decide whether to allow new operators to surrender 2G spectrum and avail of refund of the money they paid in January 2008, reports agency source. A senior official in the Telecom Ministry said the government is .. read full article »

9 hours ago

Above 5,513, Nifty likely to test 5,550 level: Angel »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

 ``Markets opened on a positive note but were unable to sustain the gains which led the indices to close on a flat note. On the daily charts, we are observing a narrow range body formation which reflects cautious approach at higher levels. At present there is no weakness on the daily chart but .. read full article »

9 hours ago

M&M, Tata Motors top picks in auto sector: Angel »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Brokerage and research house Angel Broking said auto sales continued to be in top gear in August 2010 backed by positive consumer sentiment and robust demand ahead of the festival season. Angel Broking remains `positive` on the Indian auto sector. It expects rising input costs to restrict .. read full article »

10 hours ago

Bajaj Finserv forays into infrastructure finance »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Bajaj FinServ today announced its foray into Infrastructure Finance with the appointment of  Anand K Gore as chief executive officer (CEO) for this business. Gore, who would report to Sanjiv Bajaj, Managing Director of Bajaj Finserv, comes with a rich and varied 24 years of experience .. read full article »

10 hours ago

NSE sees F&O turnover at Rs 840.89 bn »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

At the National Stock Exchange (NSE) Index futures saw a trading volume of Rs 121,353.9 million arising out of 463,206 contracts and Index options saw 1,858,163 contracts getting traded at a notional value of Rs 509,204.9 million. The total turnover of the Futures & Options segment of the .. read full article »

10 hours ago

Sujoy Das joins Religare as head - fixed income »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

... read full article »

10 hours ago

Instanex FII Index up 0.20% at close; Jaiprakash Assoc. top gainer »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

 At close, the Instanex FII Index was up 0.20% at 385.42 (+0.19% at 3pm) and the Instanex DII 15 portfolio was up 0.07% (+0.06% at 3 pm). Nifty was up 0.26% (+0.22% at 3 pm) and Sensex was up 0.18% (+0.17% at 3 pm) %. The other Instanex Owner Indexes were mixed- the Instanex Retail 15 portfolio .. read full article »

10 hours ago

Pawar apprises PM of sugar decontrol plan »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Making a case for freeing the sugar sector from government controls, Food and Agriculture Minister Sharad Pawar today met the Prime Minister to apprise him about the proposed move to give freedom to mills for sale of the sweetener, reports agency source. At present, the government controls the .. read full article »

10 hours ago

Paragon Finance to divest stake in Olympia Credits »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Paragon Finance announced that its board of directors at its meeting held on Sep. 2, 2010, has decided to divest the stake of `Olympia Credits & Mercantile`, the 100% subsidiary of the company and taking necessary steps in this regard.Paragon Finance is engaged primarily in the business of .. read full article »

11 hours ago

Royal Bank of Scotland to cut 3,500 jobs in UK »

   on The Economic Times

Royal Bank of Scotland announced another wave of job cuts on Thursday as the part-nationalised bank continues with its drive to trim costs and improve its profitability. read full article »

11 hours ago

Mahindra Satyam develops sol for healthcare payer orgs »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Mahindra Satyam, the brand identity of Satyam Computer Services, a global consulting and IT services provider, today announced integrated migration solutions for healthcare payer organizations that would meet the new federal HIPAA rules. An upgraded X12 Version 5010 transaction standard has been .. read full article »

11 hours ago

India Markets Thursday Wrap-Up: Mid and Small Caps Find Favor »

   on India Stocks News and Analysis from Seeking Alpha

Equitymaster submits: Although in the positive, the Indian indices moved closer to the dotted line in the final hours and settled marginally higher today. Profit booking in index heavyweights led the indices to shed most of the early gains. While the BSE Sensex closed higher by around 32 .. read full article »

11 hours ago

Nokia to discontinue remote file-sharing service »

   on The Economic Times

Nokia announced that it would discontinue its popular mobile file-sharing service called Ovi Files as of October 1 read full article »

11 hours ago

India may miss $12 bn exports target this year »

   on The Economic Times

Apparel exporters are apprehensive about achieving the target of USD 12 billion for 2010-11, as overseas shipments declined for three months in a row read full article »

11 hours ago

India, China hold talks to step up economic cooperation »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

India and China on Thursday held high- level comprehensive dialogue on a host of financial issues to identify areas of convergence to step up their cooperation in the international and bilateral economic spheres. The talks between the delegations headed by India`s Finance Secretary Ashok Chawla .. read full article »

11 hours ago

Hero Honda introduces new Super Splendor »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

The country`s largest two-wheeler maker Hero Honda today launched a new variant of its one of the best-sellers -- Super Splendor, priced at Rs 45,950 (ex-showroom, Delhi). ``The 125cc segment has been stagnant or even declining in the past one year, but we believe that we can grow the market. .. read full article »

11 hours ago

How humour can be an effective workplace tool »

   on The Economic Times

How humour can be an effective workplace toolHumour is a tricky thing. While it has the potential to work wonders, it can also backfire terribly. read full article »

11 hours ago

Greenland ops on after Greenpeace protest: Cairn »

   on The Economic Times

Four Greenpeace activists had climbed onto the Arctic oil rig on Tuesday and halted drilling for about 40 hours, in a bid to stop Cairn's operations in the area read full article »

11 hours ago

Baer Capital eyes new PE fund, plans first exit »

   on The Economic Times

It expects to raise around $300 mn for a second private equity fund and plans its first exit by floating a power distribution company read full article »

11 hours ago

When Feedback is Too Honest »

   on Business Pundit

read full article »

12 hours ago

Intel sees faster growth in embedded chips »

   on The Economic Times

Embedded chip market seen growing 25% a year. Atom shipments to grow 30-40% annually. Intel increasingly focused on non-PC business. read full article »

12 hours ago

Sensex ends with moderate gains; JP Asso surges »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Indian markets continued to rally for the second day on Thursday. At the close, the benchmark 30-share index, BSE Sensex added 32.44 or 0.18% at 18,238.31 with 18 components posting rise. Meanwhile, the broad based NSE Nifty went up by 14.30 or 0.26% at 5,486.15 with 29 components posting rise. .. read full article »

12 hours ago

Why BRIC markets are underperforming EM peers »

   on The Economic Times

Why BRIC markets are underperforming EM peersMSCI BRIC index is down 4% this year, similar to developed markets' 5% losses. Emerging stocks on the other hand are up 0.5%. read full article »

12 hours ago

Sensex ends with moderate gains (prov) »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Indian markets continued to rally for the second day on Thursday. At the close, the benchmark 30-share index, BSE Sensex gained 32.44 points or 0.18% at 18,238.31 with 18 components registering rise. Meanwhile, the broad based NSE Nifty went up by 14.30 points or 0.26% at 5,486.15 with 29 .. read full article »

12 hours ago

Asian stocks end positive »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Asian stocks rose, lifting the MSCI Asia-Pacific Index to a two-week high, as faster-than-estimated growth in U.S. manufacturing supported confidence in global economic growth.Sony Corp rose more than 2% in Tokyo. Ping An Insurance (Group) jumped more than 5% in Hong Kong on plans to merge its .. read full article »

12 hours ago

McNally Bharat FY10 consolidated net up 6.54% »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

McNally Bharat Engineering Company, an engineering turnkey project execution company has posted marginal rise of 6.54% in its consolidated net profit to stand at Rs 566.6 million for the year ended March 2010 as against Rs 531.8 million posted in the year ended on March 2009.Company`s .. read full article »

12 hours ago

BSE midcap, smallcap outshine Sensex »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

The Sensex is still trading in the positive terrain but on a lackluster manner. Consumer durable, FMCG and banking stocks moved up, while IT and Teck dropped. At 14.59., the Sensex was trading up 53.24 points or 0.29% at 18,259.11 with 17 components gaining. Meanwhile, the Nifty was trading .. read full article »

12 hours ago

Nakoda to begin wind power project in MP »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Nakoda, one of India`s largest players in the fully drawn yarn segment, is set to commence its wind power project in MP. Nakoda proposes to acquire wind mills from Global Wind Power (GWPL), a company floated by Reliance ADAG Group. The wind turbines are developed by GWPL with state of art .. read full article »

12 hours ago

ICICI Securities maintains `Add` on Pantaloon Retail »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

ICICI Securities has recommended `Add` on Pantaloon Retail (India) with a price target of Rs 510 as against the market price (CMP) of Rs 466 in its report dated Sep. 02, 2010. The broking house gave the following investment rationale: Buoyant same-store sales growth: In Q4FY10, same-store sales .. read full article »

13 hours ago

Base metals outlook from KCSL »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Commenting on the base metals outlook, broking house Kotak Commodity Services (KSCL), said the following:  Copper MCX Copper may trade with a positive bias tracking international exchanges. Supporting prices is better than expected Manufacturing data from two major metal consuming nation`s .. read full article »

13 hours ago

Himalya Int`l plans to list on NSE »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Himachal based agri-export company Himalya International today announced that its board has decided to make application for listing company`s securities at National Stock Exchange (NSE). The board has also decided to change the registered office from New Delhi to state of Gujarat, subject to the .. read full article »

13 hours ago

Basle 3 doesn't look promising »

   on The Big Picture

The BIS will soon unveil proposals for bank capital under Basel 3. From what has been revealed so far, these won't be tough enough on banks. The new capital requirements will be phased in over a longish period. Regulators are worried that tougher requirements will impact on the weak global .. read full article »

13 hours ago

IRB Infra arm to construct Gateway Hotel at Kolhapur »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

IRB Infrastructure Developers announced that its subsidiary, Aryan Hospitality (P) (AHPL), has executed hotel operating agreement and technical services and development assistance agreement with The Indian Hotels Company to operate and maintain a Gateway Hotel to be constructed by AHPL at .. read full article »

13 hours ago

Asia stocks gain on US data, Europe falls »

   on The Economic Times

Asian stock markets rose on Thursday as investors hungry for good news seized on stronger US manufacturing as a sign the world economy isn't slowing as much as feared. read full article »

13 hours ago

Huge opportunities ahead in road sector: Sunidhi Sec »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Road development in India has witnessed a significant growth in recent years after commencement of the National Highway Development Program (NHDP). Broking firm Sunidhi Securities & Finance says, after power sector, roads is the second-largest infrastructure segment in terms of investment .. read full article »

13 hours ago

MCX COMDEX down 1.72 pts »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

At the Multi Commodity Exchange (MCX), COMDEX is trading down by 1.72 points, or 0.06%, at 2,759.99 after opening at 2,761.51. (02.02 p.m.) Other index like MCXMETAL is trading upward by 11.64 points, or 0.33%, at 3,530.31 after opening at 3,518.15. Meanwhile MCXENERGY is trading down by 13.02 .. read full article »

13 hours ago

VA Tech Wabag IPO to hit market by mid Sep »

   on The Economic Times

The public offering by VA Tech, a water treatment solutions provider, would be a new category of issue, after successful fund raising SKS Microfinance. read full article »

14 hours ago

Book profits in Apollo Tyres, IOB, Axis Bk: CanMoney »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Brokerage house Canara Bank Securities (CanMoney) said current levels can be utilized for profit booking in Apollo Tyres, Indian Overseas Bank (IOB) and Axis Bank.``At present, Sensex is trading at 18,249, up 43 points from its previous close, and Nifty is at 5,482, up 11 points. CNX Midcap .. read full article »

14 hours ago

Sharekhan recommends `Buy` on Patels Airtemp »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Sharekhan has recommended `Buy` on Patels Airtemp (India) with a price target of Rs 122 as against the market price (CMP) of Rs 97 in its report dated Sep. 1 2010. The broking house gave the following rationale: >Patels Airtemp`s Q1FY2011 results showed top line having increased by 8.2% y-o-y to .. read full article »

14 hours ago

Rupee little changed; shares, dollar watched »

   on The Economic Times

The rupee continued to trade marginally stronger on the back of the dollar's losses against major currencies and mild gains in the local sharemarket. read full article »

US visa fee hike increases cost for all IT companies: InfosysInfosys CEO and MD S Gopalakrishnan says that investment in IT will and outsourcing will continue in the medium to long term. read full article »

14 hours ago

Sharekhan recommends `Buy` on Sun Pharma »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Sharekhan has recommended `Buy` on Sun Pharmaceutical Industries with a price target of Rs 2,025 as against the market price (CMP) of Rs 1,751 in its report dated Sep. 1 2010. The broking house gave the following rationale:> As per the latest annual report, Sun has recently begun to build sales .. read full article »

14 hours ago

Ranbaxy jumps on setting up new facility in South Africa »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Shares of Ranbaxy Laboratories are trading at Rs 508, up Rs 10.25, or 2.06% at the Bombay Stock Exchange (BSE) on Thursday at 1:29 p.m. The company said it opened a new factory at Johannesburg in South Africa.The scrip has touched an intra-day high of Rs 511 and low of Rs 500. The total volume .. read full article »

14 hours ago

Fundamental Stock Idea: Visa Steel »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

Broking firm Networth Capital has picked up Visa Steel as its fundamental pick with target price of Rs 52 (potential upside: 47%) as against current market price of Rs 35.85, in its report dated Sep. 2, 2010. Visa Steel, a part of Rs 50 billion VISA Group, is an emerging integrated specialty .. read full article »

14 hours ago

NIIT Technologies names Pratibha Advani as CFO »

   on News Centre@myiris.com India's Most Comprehensive Financial Destination

NIIT Technologies announced the appointment of Pratibha K Advani as the chief financial officer (CFO). She takes over from Amit Roy who was appointed as Chief  Financial Officer in the interim.   Advani joins NIIT Technologies from Barclays Shared Services (P) (a subsidiary of Barclays Bank .. read full article »

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