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7 more H1N1 deaths in India,
Seven more influenza A (H1N1) deaths were reported from India today, taking the toll due to the pandemic in the country so far to 315, an official statement said.
Two of the deaths occurred today, one in Delhi and the other in Andhra Pradesh, the statement said.
Besides, a death that occurred in a private hospital in [...]
Realty IPO fever heating up
With a host of realty initial public offers set to hit the markets to raise Rs 2,790 crore in the Draft Red Herring Prospectus. Oberoi Constructions, yet another real estate major, too is looking to raise about Rs 1,500 crore.
The Lodha Developers DRHP was filed yesterday.What I understand from the DRHP is that the capital [...]
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- Tags: Company, DRHP, ipo, Kotak Mahindra
Sensex closes above 17000
Benchmark indices extended their winning streak on Wednesday to close at new 52-week highs. Sentiments turned bullish ahead of second quarter results and as traders covered short positions after benchmarks crossed psychological resistance levels.
“There was euphoria in the market as we crossed psychological levels. It was evident with rise in textiles, fertilisers midcap auto and [...]
Rupee falls to 48.12,
The Centre will raise debt worth Rs 1.23 lakh crore in the second half of the fiscal, by selling bonds between Rs 7,000 crore and Rs
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10,000 crore each week until early February, RBI said on Tuesday.
It also said it will buy securities up to Rs 58,000 crore from traders, against Rs 80,000 crore for [...]
US stocks down
Wall Street retreated after data showed American consumer confidence fell unexpectedly in September, raising fresh fears about the pace
of recovery from recession.
The Dow Jones Industrial Average shed 47.16 points (0.48 per cent) to 9,742.20 yesterday, a day after the blue-chip gauge posted a triple digit gain fuelled by a pickup in merger and acquisition activity.
The [...]
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- Tags: citigroup, market, stocks, wall street
Nikkei flat trade,
Japan’s Nikkei average was flat in cautious trade on Wednesday, with investors hesitant to actively take positions ahead of a series of economic data releases, while Toyota Motor Corp fell following a US recall announcement.
The stock market lost steam after the dollar/yen exchange rate fell below 90 yen, though some exporters such as Honda Motor [...]
Asia shares rise
Asian shares edged higher on Wednesday looking past a surprise fall in US consumer confidence and the Australian dollar jumped to a
13-month high after August retail sales data beat forecasts.
European stock futures pointed to a slight rise in opening trade on the last day of a quarter seen registering the strongest gain in nearly a [...]
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- Tags: Asian shares, dollar, Foreign Exchange, trade
Europe shares set for rise in 10 years
European shares look set to finish the third quarter with their best performance in nearly a decade on expectations of economic recovery while world stocks also rose strongly though not as much as in the previous period. The pan-European FTSEurofirst 300 index put on 0.4 percent on Wednesday and the MSCI world index added the [...]
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- Tags: dollar, Equities, euro, European shares
Bharti Airtel gains over 1%
Telecom major Bharti Airtel rose 1.22 per cent on the Bombay Stock Exchange amid looming uncertainty over its proposed deal with the
South African entity MTN, for which the exclusive discussions period is ending today.
Shares of Airtel climbed 1.22 per cent to Rs 424 on BSE and on the National Stock Exchange the scrip made [...]
share broker is eligible to claim the irrecoverable amount due from clients
The Delhi High Court has ruled that a share broker is eligible to claim the irrecoverable amount due from clients as bad debt under the provisions of the Income-Tax Act. The court was hearing an appeal filed by the I-T department against DB Securities, a member of the Delhi Stock Exchange.
The broker had purchased [...]