Intelligence agencies have sounded a terror alert in Kolkata, Mumbai, Delhi and major cities in Gujarat following reports that terrorists had entered these cities to target vital installations.The terrorists reportedly belong to the Lashkar-e-Tayiba and have been trained by the Taliban.In Mumbai, the security arrangements at the Bhabha Atomic Research Centre and the Bombay Stock Exchange have been beefed up.
The IDR was trading at Rs 105.10, up 1.05 per cent, at 0956 hrs. "The Standard Chartered IDR had seen trouble during the initial response.
The All India Bank Employees Association, Bank Employees Federation of India, All India Bank Officers' Association and National Union of Bank Employees have given a call for one day country-wide strike.
Managing director and CEO of BSE Institute, Ambarish Datta, explains why courses offered by it are valuable and why those doing these courses stand a better chance in the job market.
International Moscow Bank of Russia will deploy i-flex's financial software 'flexcube' for its core banking requirements under technology upgradation plan.
Last year, Ranbaxy Laboratories' managing director and chief executive officer Atul Sobti had stepped down from his positions effective August 19, and was replaced by Arun Sawhney, who was the then president of the company's global pharmaceutical business.
Teledata Informatics Ltd on Tuesday said it has acquired US-based Alpha Soft Services Corporation through its subsidiary.
Aban Offshore, India's largest oil rig company, is likely to come under increased stress for repaying debt after the loss of its semi-submersible rig, Aban Pearl, which sank in the early hours of Thursday, according to analysts.
Discarding a weak economic growth number, markets today rose for the fourth straight day with BSE Sensex gaining 169 points to close at a new 19-month high on hopes of imminent rate cut to revive the slowing economy.
Though analysts suggest that there are downside risks to economy, by announcing/advancing general elections, markets would be able to look beyond uncertainty.
On Tata's retirement in December, 2012, Mistry will take the charge of IHCL.
Following Reliance Communications' announcement last week accusing Videsh Sanchar Nigam Limited of delaying implementation of an international tribunal order, VSNL said on Wednesday the announcement contained false imputations against it.
Foreign institutional investors have raised their stakes in India Inc by acquiring close to two of every five equity shares held by the in the top 100 listed firms.
This is the company's first business process outsourcing centre in the South-East Asia and the latest addition to the company's Global Network Delivery Model, Tata Consultancy Services said in a filing to the Bombay Stock Exchange.
Information Technology major Infosys Technologies on Monday said it will convert 16 million shares traded in India into American Depository Shares that would increase the float of its stock in the US stock market.
Videocon Industries will merge Petrocon India with itself and the valuation of shares and exchange ratio would be five shares of the company for every two shares held in Petrocon India Ltd.
Crompton Greaves Ltd said on Wednesday it has acquired businesses of two Hungary-based companies for about euro35 million.
The Bombay Stock Exchange's benchmark Sensex crashed by 580 points to 15,484 at 1230 hours on Wednesday as operators succumbed to fresh selling pressure amid a rapid pullout of foreign capital as a poor manufacturing outlook for China and weaker-than-expected growth in the United States spurred fresh fears of a global slowdown.
Tata Iron and Steel Company on Monday decided to issue bonus shares in the ratio of 1:2, subject to shareholders approval.
Securities and Exchange Board of India (Sebi) has asked for an explanation from the Bombay Stock Exchange (BSE) for the shutdown in trading just after 2.30 p.m. as the rules allow the circuit filter (or the maximum allowed swing) of 15 per cent before stopping trading for one hour.
For starters, the morning meetings at brokerages have been advanced to 8-8.15.
Indian IT (information technology) firms are not unduly worried about the rupee rising against the dollar, at least for now.
RPG Group company KEC International on Tuesday said that it would acquire US-based SAE Towers Holdings for $95 million.
Two Anil Ambani group companies, Reliance Power and Reliance Natural Resources, on Monday said their respective shareholders have approved merger between the two entities, estimated to create a Rs 50,000-crore (Rs 500 billion) entity.
The shares of the company, which operates radio station Big 92.7 FM, opened at Rs 89.75 and soon gained momentum to touch a high of Rs 138.40 on the BSE.
In a surprise move, ABG Shipyard on Wednesday exited the race to acquire Great Offshore and sold its 8.2 per cent stake to three financial investors. The ABG move comes after seven months of intense rivalry with Bharati Shipyard through a series of competitive counter-bids.
According to market sources, Jhunjhunwala will acquire a significant minority stake in Pipavav.
'When the bombing happened in the Taj Mahal hotel in 2008, that was a very sad moment, but he really took care of the people, took care of everybody and that was when you saw some of his best moments.' 'There are some things which we will never forget. That is when the best of a person comes out.'
Orchid Chemicals & Pharmaceuticals on Monday said it has received US health regulator's approval to sell anti-epileptic levetiracetam tablets in the American market.
Foreign pension funds are making a beeline for India despite the turmoil in global markets.
Sensex had opened on a shaky note at 15,838.63 but managed to recoup all the losses and rebound into the positive terrain for a short while to touch a high of 15,957.06. However, the weak opening of the European markets, coupled with subdued Asian markets, pushed the index into the red and slip to a low of 15,330.56. Intraday volatility on the bourses was high and the index moved in the range of 627 points in the day.
So as we can see, the appreciation of the yen to 112 yens to a dollar, has led to the profit of the carry trade investor coming down drastically to 1.78 per cent.
Though the overall cash level till July is not available, equity experts say cash holdings are on the rise.
The board of directors of Indian Oil Corporation on Wednesday decided to sell up to 50 per cent and 20 per cent of its take in Gas Authority of India Ltd
The super-rich club is shrinking at a dizzying pace. Over 100 billionaires (net worth of Rs 100 crore and above) have turned millionaires courtesy the decline in share prices over the last six months.
Tech results are supposed to be lack lustre, says market expert Pranav Sanghavi.
R Com has and will continue to surprise the markets on a positive note, says stock market expert Madhusudan Sarda.
Check out the historic rise of the BSE Sensex over the years.
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