Asian stock markets tumbled Friday as the dollar continued its slide against the Japanese yen and worries over losses from Dubai`s debt problems unnerved investors worldwide.
It was the region`s second day of losses and followed a rout in European markets. Oil, meanwhile, dived below USD 76 a barrel.
Investors cut back their riskier bets on equities [...]

The State Bank of India, which enjoys the largest overseas presence among local lenders, is in the advanced stages of opening 23 more branches abroad over the next four months, a top SBI official said.
This will take the total number of SBI branches in foreign countries to 160 by March, from 137 presently, enabling the [...]

Bharti Airtel, the country`s top telecom company, has bagged the “Best Global Wholesale Carrier for 2009″ award at the Telecoms World Awards Middle East held in Dubai.
Telecoms World is an annual award function of Terrapinn, a business media organisation for global telecom carriers and services provider.
“The citation is recognition of Bharti Airtel`s leadership in [...]

Dalal Street is likely to witness volatile trade this week with a downward bias taking cues from global markets as concerns about debt repayment problems in Dubai loom large over markets worldwide, analysts said.
Brokers said market had treaded into the overbought zone and needed a trigger to undergo correction. Weakness in the street may continue [...]

Wockhardt has rallied 9% following the news that it has decided to go for an out-of-court settlement with DBS Bank on a dispute over loans the drug manufacturer had taken from the Singapore-based lender.
The stock opened at Rs 175 and zoomed to a high of Rs 190. The scrip is now trading at Rs 186, [...]

India’s biggest energy exploration company, may spend about 7 billion rupees ($150 million) to maintain crude oil production from the Mehsana block in the western state of Gujarat.
The money will be spent over the next two to three years for drilling a new well and replacing aging crude pipelines, A.K. Hazarika, director of onshore [...]

Tata Motors has advanced 4% on the back of a good Q2 result announced on 27th November, 2009.
The stock opened at Rs 634 and soared to a high of Rs 656. The scrip is now trading at Rs 652, up around 4% from the previous close. The counter has clocked volumes of 233,952 shares as [...]

The Nifty remained strong though it was witnessing some profit booking at higher levels. Better-than-expected GDP numbers for the quarter-ended September 2009 and investors belief that India’s exposure to Dubai is limited helped the markets to keep positive momentum on.
The overall markets looked strong though the Sensex slipped below the 17,000-mark while the Nifty [...]

Equities ended with huge gains on Monday following better-than-expected growth in second quarter GDP figures. Metals, IT and capital goods outperformed other sectoral indices.
Bombay Stock Exchange’s Sensex closed at 16916.92, up 284.91 points or 1.71 per cent. The index touched a high of 17026.91 and low of 16655.75.
National Stock Exchange’s Nifty ended at 5026.10, up [...]

Indian federal bond yields were steady on Monday as traders awaited the release of the gross domestic product data around 11 a.m. for further direction.
The yield on the 10-year benchmark bond was at 7.19 percent, steady at Friday’s close. India’s economy is forecast to have grown an annual 6.3 percent in the September quarter, [...]