The NSE Nifty added 40 points to end at 5119. The market breadth was positive. Out of 2966 stocks traded on the BSE, there were 1533 advancing stocks as against 1304 declines.
Hedge funds maximise absolute returns using a broad range of strategies including unconventional and liquid investments. Quoting people familiar with the matter the Wall Street Journal said: "The Securities and Exchange Commission ordered more than two dozen hedge funds to turn over trading information as it ramps up its investigation into whether traders were spreading rumours to manipulate shares."
The financial meltdown abroad should serve as a lesson for the investor. Save well for troubled times.
The survey takes into account factors such as financial reputation, vision, corporate reputation, quality and innovation.
Anand also authored a book The Cure: How A Father Raised $100 Million and Bucked the Medical Establishment in a Quest to Save his Children in 2006.
Markets are conversations, not merely devices for aggregating information. And value is not the same as price. All value is discovered inside a conversation and price is just one aspect of 'what's it worth to you'.
In a major catch, Pakistani authorities on Saturday nabbed a top militant suspected of beheading the Wall Street Journal reporter Daniel Pearl in 2002.
Billionaire Mukesh Ambani-led Reliance Industries has made it to the annual list of the world's 100 most respected companies compiled by the Wall Street Journal, topped by US-based healthcare products major Johnson & Johnson.
Money Never Sleeps will be a sequel to 1987 classic, Wall Street.
The Nifty shut shop at 5270, up 17 points. The market breadth was marginally positive at close. Out of 2998 stocks traded on the BSE, there were 1680 advancing stocks as against 1217 declines.
India-born PepsiCo chief Indra Nooyi has been the news recently for her trip to China, her remarks about the US Fed and her ability to handle the financial crisis.
In addition to his taxable income of $400,000, the US President also receives additional allowance of $50,000 which is not taxable and is used for official purposes only.
The $58-billion conversion, announced in February when Citigroup shares were trading near USD 1, was supposed to happen in April but was slowed by negotiations between the bank and federal officials over details of the complicated transaction, the report noted. The deal is aimed at reducing worries about Citigroup's capital levels.
Quoting a person familiar with the matter the daily said, General Motors would provide more than $2.5 billion of the $3.6 billion necessary for the private equity firm to gain control of Delphi. General Motors filed for bankruptcy protection on Monday.
The Wall Street Journal, quoting people familiar with Apple, stated that "after months of uncertainty about Steve Jobs's health, the Apple Inc chief executive appears on track to return from medical leave this month."
Amit Varma, who publishes the popular India Uncut blog, speaks to rediff.com about his debut novel, My Friend Sancho.
Ford Motors, one of the big three in the US auto industry, is planning to increase its market share at a time when its rivals -- GM and Chrysler -- are tackling bankruptcy and restructuring procedures.
Commercial banks, charities and governments have set up funds worth hundreds of millions of dollars over the past few years to invest in private farm and food projects in Africa, while several major companies have expanded operations there, the leading financial daily Wall Street Journal said.
The US Department of Treasury plans to sell its 27 per cent stake in Citigroup Inc, says a media report. The stake selling is part of a programme of regularly scheduled sales.
I think the United States must realise that today 60 to 70 per cent of the growth of the revenues of large American companies comes from India and China.
A good wealth manager is as important as a right mix of asset allocation in creating wealth in your lifetime.
The facsimile edition of The Wall Street Journal and the Indian edition of Forbes, the magazine famous for its global billionaires' list, will be launched next week. A look at what to expect.
Last Friday's tumble on Wall Street, with the Dow Jones index falling nearly 400 points, is sure to have its repercussions on the already shaky Indian market. With both the benchmark indices, the Bombay Stock Exchange Sensex and the National Stock Exchange Nifty having lost 5 per cent apiece last week, investors are already skittish.
The Wall Street Journal quoting two people familiar with the situation said Bharti has contacted West Asian sovereign wealth funds for additional cash to back its MTN bid for a majority stake. Further, the paper quoted another person and said that Bharti has already negotiated about $12 billion in financing from a group of banks that includes Standard Chartered PLC, but the deal may require more resources.
Aditya Birla Group, Satyam Computer Services and Marriott Hotels India have been ranked as the top three employers in India.
'Zahid Hussain lays out, in considerable detail, the extent of Pakistan's involvement and active support for terrorism.'
Voice-based search technology has become the new battleground for web majors including Google and Microsoft.
Technology giant IBM is close to a deal to buy Sun Microsystems for about $7 billion, says a media report.
The overall freedom to start, operate, and close a business remains restricted by India's regulatory environment.
The Journal's parent, Dow Jones and Company was acquired by media Moghul Rupert Murdoch's News Corporation, four months ago. Murdoch declined to comment last night, the Times said even as some analysts see a possible war between the Journal and the New York Times.
So far, neither Washington nor Wall Street seems to have fully grasped this political sea-change, or figured how to deal with it.
The richest people in the world sound off on the economy, taxes and greed.
The International Olympic Committee (IOC) has no plans to cut short the global torch relay despite disruptions by protesters in London and Paris, Olympic chief Jacques Rogge told the Wall Street Journal. Reports the IOC executive board would consider scrapping the torch relay outside China at a meeting in Beijing later this week are "based on a misunderstanding", the IOC president told the paper.
It's also a move that makes a lot of financial sense.
Beleaguered investment bank Merrill Lynch has paid more than $10 million in cash and stock to its eleven top executives last year, says a media report.
Apple is set to unveil its much awaited tablet PC later this month and the company is likely to ship the product in March, says a media report.
"As we work to set high regulatory standards here in the United States, we have to challenge other countries around the world to do the same," Obama said. "That's how we will stop financial crises from spilling across borders and prevent global crises of the sort that we now face." Obama had been planning to set out 'broad principles' for new regulations prior to an international meeting in London in April, the G20 summit, so that this could be shared with the world leaders.
In an interview to the 'Wall Street Journal', Benmosche said that AIG, in its current form, is too large. "I feel strongly that AIG is too big today -- it is extremely complex to manage and we need to make sure it's more transparent, that it's smaller, and that we can make it on our own."
Equity stake, flexible terms attract talent from Wall Street firms to local peers.
