Will Infy spring a surprise in subdued second quarter?
.jpg)
Top firms will have enough firepower to go for foreign M&As, given their balance sheet growth, say bankers.
Readying itself for a bank licence, Anil Ambani-led group's Reliance Capital on Wednesday said Japan's Sumitomo Mitsui Bank and Nippon Life would become its strategic partners in the proposed banking venture, with each having 4-5 per cent stake.
In line with rally in stocks, the Indian rupee on Monday appreciated for the second straight session and closed with a eight paise gain at a one-week high of 61.36 against the Greenback.
The rupee recovered by 11 paise to trade at 60.84 against the US dollar in early trade today on selling of the American currency by banks and exporters.
India has more service companies, such as IT and healthcaresectors, which always trade at a premium to the overall market.
More people felt optimistic about their economic condition in November than in the same month a year ago, says Mahesh Vyas.
The RBI fixed the reference rate for the dollar at 65.2525 and for the euro at 72.1954.
By 2020, we should have some 10 listed sports companies, with one or two big enough to be on the Sensex
Convergence of online and offline is the new mantra which is changing the education map of the country.
Despite low tariffs, voice usage is not growing.
Participants will keenly watch fate of GST Bill in Parliament.
Indian rupee appreciated by 35 paise to end at two-week high of 63.03 against the greenback.
To be sure, this is not some stunning new revelation that our equity markets are beholden to foreign flows.
Debt funds have exposure of nearly Rs 8,000 crore to Zee group papers. Aditya Birla MF, HDFC MF, Franklin Templeton MF, and ICICI Prudential MF have the highest exposure, reports Samie Modak.
The rupee on Monday slipped by 5 paise to close at 63.57 per dollar on fresh demand for the American currency from banks.
Sensex gains 2.4%, Nifty crosses 7,000; investors feel exit polls have vindicated their stand
The rupee appreciated further on Thursday, adding 106 paise to 66.01 against the dollar, after steps taken by new Reserve Bank of India Governor Raghuram Rajan to attract US currency inflows boosted market sentiment.
Investors indulged in profit booking at attractive and higher valuations
Tracking a recovery in local shares, the Indian rupee on Friday snapped a two-day declining trend and bounced back by 39 paise to end at 61.44 against the Greenback on fresh dollar selling by exporters and some banks.
Reacting to market specific developments, the domestic unit touched a low of 66.74 in intra-day trade before concluding at 66.65.
Rising unemployment rate reflects a rise in the labour participation rate, which in India's case has been worryingly low.
Revenue rose 23.4 per cent to Rs 1,655 crore
While some are raising questions over the company's ability to regain its position as the sector bellwether, others believe problems at the company may be "much bigger than anticipated".
Exchanges have twin roles: commercial and regulatory.
'In India, a large proportion of the labour force does not have a regular job.' 'People are mostly employed as daily wage workers, agricultural labourers, small farmers and self-employed traders.' 'These move in and out of "jobs" fairly rapidly.' 'It is the high proportion of these workers in India that makes unemployment volatile,' explains Mahesh Vyas.
The Board rued that its efforts to resolve the concerns of the founders - who together own about 12.75 per cent stake in Infosys - over the course of a year through a dialogue have not been successful.
Soon after the BJP lost the 2004 election, the stockmarkets went into unprecedented free fall. Then SEBI Chairman G N Bajpai reveals how his firm handling of the situation restored confidence and soon the markets were back to doing what they do best -- make money. A revealing excerpt from his book, A Game Changer's Memoir.
As Nasdaq-listed company indicates poor spending in financial services space, Indian firms feel jittery
New entrants could include Flipkart, Paytm, Cafe Coffee Day and ICICI Prudential Life Insurance, it says
While riskier than debt, Sebi's stringent guidelines may ensure a safe and liquid product.
India's fourth largest software services firm HCL Technologies on Thursday reported a 53.7 per cent jump in its consolidated net profit to Rs 1,834 crore (Rs 18.34 billion) for the fourth quarter ended June 30, 2014.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
In these times of global uncertainty, be cautious in selecting the right market and fund.
On October 16, Nestl received the go-ahead to resume manufacturing Maggi.
Many see Nirma's Lafarge deal as some kind of second coming for the Patels.
Revenue from its IT services business rose 9 percent to $1.86 billion.
Given the developments, analysts do not foresee a quick recovery.
Stock prices is due to valuation expansion
.jpg)
The local currency opened at 62.20 a dollar from the previous close of 61.93 and immediately touched a low of 62.29 at the interbank foreign exchange market.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances