PrathamUK, the London-based arm of India's leading educational charity, has crossed the £1 million mark in fund-raising efforts dedicated to eradicating illiteracy in India by 2010.
Given the uncertainty on the US economic outlook, the rising rupee, and the lack of clarity on imposition of fringe benefit tax on stock options, analysts believe the companies may strike a note of caution on FY08 earnings.
The potential of India's retail sector may be huge and growing, but soaring rentals, salaries and interest rates could make the journey a bumpy ride for retailers in the near term.
While few doubt stocks here are quoting at price-earnings ratios which are higher than those in peer countries, India's growth prospects are the key differentiator.
The BSE Realty index slumped 7.7% at 4,335. The IT index dropped 5.5% to 3,597, and the Metal index shed 4.5% at 10,391. The market breadth was extremely negative - out of 2,662 stocks traded, 2,263 declined, 359 advanced and 40 were unchanged on Monday.
The financial district of Wall Street is slowly turning 'green'.
This week, Citigroup named as chief executive Vikram Pandit, a cerebral strategist with a degree in electrical engineering and one of the best minds in the business.
If the government is to be the lender of last resort for financial companies, it has to demand more control over their daily business
While gold index funds have returned almost 10 per cent over the last three months, gold equity funds (investing in mining companies) have not given good returns in the last few months. At present, there are two gold funds, DSPML World Gold Fund and AIG World Gold Fund
Raj Sharma, 49, a senior vice president and a private wealth advisor with the Private Banking and Investment Group at Merrill Lynch in Boston, has been recognised for the third consecutive year as one of the best advisors in the US.
Indian HNIs registered the second fastest growth of 20.5 per cent, says the Asia-Pacific Wealth Report released by Merril Lynch and consulting firm Capgemini.
The scheme churns its portfolio as and when the opportunity arises, which is quite often
Private equity major DE Shaw is investing Rs 630 crore (Rs 6.3 billion) in Noida-based International Amusement Ltd (IAL), the promoters of Appu Ghar. This is the country's first private equity (PE) deal in an amusement park.
S Nagnath, President and CIO of DSP ML Mutual Fund says that he is bullish on the real estate sector. He also explains his logic behind starting a micro-cap fund and why investors can put their money in the same.
This comes on the back of impressive performance in infrastructure stocks in 2006 and in the first seven months of this calendar.
India's biggest drugmaker Ranbaxy Laboratories Ltd, which has decided to put its manufacturing unit in Ireland on the block, may sell it for 25-35 million Euros. \n\n
Transcript of the weekly market chat held on Tuesday.
Soumendra Nath Lahiri, senior VP, Equities, at DSP Merrill Lynch, says that they have maximum midcap exposure to media and IT in Opportunities Fund. The company has increased exposure to Mastek and Deccan Chronicle, he adds.
The Tata Consultancy Services offer price of Rs 775-900 is attractive from a long-term perspective.
Merrill Lynch financial advisor Raj Sharma has been named one of America's 100 Top Brokers by the Barron's magazine.
One sign of it was that the most discussed car at the Detroit show was not actually on display. It was Tata's $2,500 Nano small car for the Indian market, which captured the attention of US executives who have their own plans to push into India and to expand further in China.
Final student placements of the Indian Institute of Management (Ahmedabad) was over on Tuesday, with the premier B-school witnessing a hike in domestic and international salaries, as well as growing preference for enterpreneurship.
Investors must keep in mind that the bank has significant room for improvement, which could justify its aggressive valuations of Rs 275.
Vikram Pandit has taken the helm at the troubled financial-services giant. He talks about the road back.
Overall, the positives in favour of ONGC seem to outweigh the negatives from a long-term perspective.
DLF, India's largest real estate developer by market cap, on Monday said it has sold 49 per cent stake in some of its residential projects to private equity investors for a total consideration of Rs 1,675 crore (Rs 16.75 billion).
Stanley O'Neal isn't the first deposed chief to walk away with millions. A look at who's won the most by losing.
The US market regulator Securities and Exchange Commission was doing what it could to stem the flow. It temporarily prohibited naked short-selling in the securities of major financial players including Freddie Mac and its sister firm Fannie Mae in July. But this didn't really help. It was only after global central banks pumped in unprecedented liquidity into global markets, that the storm was finally calmed.
Oracle Corporation's intentions to acquire an additional 35 per cent stake in i-flex Solutions may fail as its public offer did not meet with an adequate response
Anil Ambani group may soon be rubbing shoulders with the likes of HDFC and ICICI Bank in the consumer loan business and the foray could give the group a return of more than 20 per cent in the next 3-4 years.
SBI Life, ICICI Pru have seen their valuations increase by 33 per cent and 35 per cent recently. SBI Life Insurance has seen its valuation soar after just 3 months while ICICI Prudential's valuation has increased in just 5 months.
Chief Investment Officer of Prudential ICICI, Nilesh Shah discusses the current situation of the market in terms of inflows, valuations and the general consensus on the market.
2022 is shaping up as the year brimming with job opportunities for people who possess relevant skillsets. Therefore, it is crucial for fresh graduates and young professionals to enroll in relevant certification courses to add more feathers to their introductory portfolio
Strong economic growth has made Asia home to some of the fastest-growing markets in terms of high net worth individuals, occupying five of the top 10 spots globally.
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