European equities advanced by midday on Monday, brushing off a downgrade to Spain’s sovereign credit rating, though the region’s stocks were headed for their worst monthly losses in 14 months on euro zone’s debt problems. By 1033 GMT, the FTSEurofirst 300 index of leading European shares was up 0.3 per cent at 1,000.66 points as [...]

Advanced economies face years of anemic growth and the risk of a double-dip recession as their citizens cope with sluggish employment and highly indebted governments, economist Nouriel Roubini said on Monday. A sovereign debt crisis in the euro zone has rattled financial markets in recent weeks as investors worry that fiscal austerity measures dictated by [...]

Shares of Reliance Media World, part of the Anil Dhirubhai Ambani Group, on Monday hit the upper circuit on the BSE following media reports that it is in talks with the US-based CBS Corporation for a possible joint venture. Within seconds of opening, the scrip zoomed 4.95 per cent and soon hit the upper trading [...]

Shares of financial services provider JM Financial on Monday soared nearly 20 per cent on the BSE amid reports that Reliance Industries Ltd (RIL) is in talks to buy a majority stake in its asset management firm. According to media reports, Mukesh Ambani-led RIL is in talks with JM Financial group to buy a majority [...]

Private carrier Kingfisher Airlines expects to come out with its $100-million Global Depository Receipts (GDR) issue by July, a senior official said on Monday. “I expect our (GDR) issue by early second-quarter. We have not fixed the date…,” Ravi Nedungudi, Chief Financial Officer of UB Group, which owns the airline, said here. The Vijay Mallya-owned [...]

The Nifty is trading above its 200-DMA (5051) and some more gains are expected. But it’s likely to face a stiff resistance at 5100. The index’s 5100 June calls were most active last week, suggesting a resistance at this level. Nifty call options added 32.55 lakh shares in open interest, whereas put options added 32.10 [...]

The shareholders of the Bombay Stock Exchange (BSE) have approved a proposal to issue about 66 lakh shares, which represents 6% of the capital of the bourse, through a preferential allotment to financial institutions paving the way for the induction of strategic investors in the future. The capital raising programme will help BSE raise around [...]

ASSET management companies (AMCs) that provide portfolio management services may soon have to maintain a “Chinese wall” between the two businesses, by ensuring that there is no conflict of interest. Capital market regulator the Securities and Exchange Board of India (Sebi) has proposed to review its mutual fund (MF) regulation that allows asset management companies [...]

After a positive opening, Indian equity indices moved in and out of the red Monday tracking the mixed trend in the Asian markets. On Friday, Wall Street and European markets had closed sharply lower after Fitch downgraded Spain. Sensex was at 16,875.98, up 12.92 points or 0.08 per cent. The Bombay Stock Exchange sensitive index [...]

The positive streak continued on the Indian bourses Monday, despite Asian peers being in the red. Sensex was at 16,880.30, up 17.24 points or 0.10 per cent. The Bombay Stock Exchange sensitive index opened at 16,872.17 against the previous close of 16,863.06. The 30-share index moved between a high of 16,918.56 and low of 16,867.75 [...]