In a bad day for investors, Indian stocks on Thursday plunged to this year's lowest levels, wiping out over Rs 1.1 lakh crore wealth, while gold prices tanked to a seven-month low in a knee-jerk reaction to global sell-off.
Murdoch's latest move is likely to lead to industry speculation that he is preparing the ground to sell off his UK-based newspapers that have come under cloud due to the phone-hacking controversy.
FII inflows subdued, investor sentiment remains sombre abroad
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
Sukanya Verma looks at the many, many reasons for marital discord reported in Hindi movies.
Shannu Khatun, 35, is a beggar who has to earn a living for her family including her physically challenged husband, eight-year-old daughter and twin sons. She sold one of her sons for Rs 62 to a Nepalese couple at Forbesganj Railway Station.
Chinese retail giant Suning Commerce Group Co Ltd has agreed to buy nearly 70 percent of famed Italian soccer club Inter Milan for 270 million euros ($307 million), the highest-profile takeover of a European team so far by a Chinese firm.
Gold prices on Friday tumbled by Rs 360 to Rs Rs 30,060 per 10 grams in the bullion market on Friday, while silver shed Rs 550 on sluggish demand amid weak global cues.
Jayanth Pooviah, director and chief executive officer of Deccan Charters, confirmed the development.
The Street was following the Karnataka election closely as a test for the Modi-led BJP's prospects in the 2019 Lok Sabha poll. Investors, however, are likely to wait for the next round of state elections to judge whether the momentum is still with it.
Based on a feedback, the exchange could cap a sector's weight at 25 per cent, or align with the broader market.
'Defence funding is channelled to State-owned research organisations where scientists are merely bureaucrats holding meetings and sending out minutes of meetings and press releases, but have long ago stopped any innovative work.' 'Unless this tragedy is fixed, India's chances to create world-conquering and job-creating new industries are slim,' says Ajit Balakrishnan.
'We aren't so unreasonable as to demand that he should have fully reversed Indira Gandhi's worst economic legacy, bank nationalisation.' 'But he could have made a beginning by selling off the two most stressed small public sector banks, and then announced that each year for the next 10, one government bank with the most messed-up balance sheet will be sold.' 'It would have electrified the markets, shocked his other banks into better behaviour, and marked his name among the great reformers,' argues Shekhar Gupta.
The idea of floating Formula One has been around for more than a decade but there appears to be real momentum on this occasion to sell off as much as 30 percent of the company.
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
So by and large most of the mistakes by retail investors are committed because of lack of access to quality advice.
Banking shares led the free fall and dragged almost all major European indexes down with them.
'After the fire that broke at the studio, it was not viable to build the studio again...'
'The target for next year is unlikely to be more than that of this year. The more you divest in any cycle, the less your potential pipeline for the next,' said an official. 'The first two issues we want to tackle and complete in FY20 are Air India and Hotel Ashok.'
Sibal said the government will have enough radio waves for all operators after it is released from the defence services as well as the cancellation of 122 2G new licences by the Supreme Court in the 2G spectrum allocation case.
As many as 205 stocks touched their one-year low on the Bombay Stock Exchange.
A Manchester United fan aims to block rival Manchester City's 'goals of football domination' by selling off thousands of parcels of a site earmarked by the world's richest club for a 100-million-pound training complex.
From Audi A8 to Honda Civic, here's what the auto industry has lined up in 2019.
Experts find it difficult to predict a bottom for the bourses.
Hazare-led campaign has got wide publicity in the US media.
Over the past few months, Infosys has been battling allegations by Murthy and other former senior executives of falling corporate governance standards.
Comedy king Komal is back as a full-fledged hero in Maryade Ramanna.
Gold on Friday fell from the all-time high level it hit in the previous session, by losing Rs 230 to Rs 29,310 per 10 grams on heavy sell-off by stockists, driven by a sharp fall in global markets.
At the BSE, 1,791 stocks declined, while 948 advanced, 110 stocks remained unchanged.
Various news reports suggest that the PE firm, if it buys out Yahoo, would first sell off the Internet company's Asian assets. Silver Lake would thereafter, a report said, try to either turn the 'remaining' company around or find yet another buyer for the main operations.
Market experts attributed the huge sell-off to weakness in Indian currency.
The rupee had hit a record low of 68.85 in August 2013.
'The no-rate cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate RBI Governor Shaktikanta Das is maturing in his new role,' notes Tamal Bandyopadhyay.
'The Saudis are in the driving seat in navigating the relations with India; they set its compass and calibrate its pace,' points out Ambassador M K Bhadrakumar.
The move follows Rio Tinto Jersey Holdings 2010 Ltd's decision to delist Riversdale Mining Ltd, after the company's shareholding in the mining company increased to 73.20 per cent.
Sensex to end this year at 27,500 and reach 29,000 by mid 2016.
As many as 132 companies declined to their all-time low levels in morning trade on the Bombay Stock Exchange on Friday as weak global cues dragged the benchmark Sensex down by over 300 points.
After Urjit Patel's appointment as RBI governor-designate, the bond market witnessed a sell-off, as it became evident that there won't be any significant change in stance
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