Here is a quick synopsis of the major business news and stock market news in the quarter that’s just gone by. Major Business Reforms The much awaited 3G auction was completed with Indian goverment getting a bonanza of a trillion rupees (Rs 1 lakh crore), much above the expected revenues from the...

October 31, 2009 :: Daily Indian Stock Market News CIT Group, a top american lender which lends to small businesses across USA, filed for bankruptcy protection under Chapter 11. In terms of the asset value the CIA stands as the fifth biggest bankruptcy case with more than $71 billion. Ford India announced...

Polaris Software announced disappointing results with a Net Profit of Rs 35.19 Cr, which means a 2.23% QoQ growth. But the Sales have gone down to Rs 338.30 Cr against Rs 351 Cr. last quarter. Prakash Industries announced 40% growth in its net profits which stood at Rs. 67.80 Cr for the quarter. But...

October 20, 2009 :: Daily Indian Stock Market News The Krishna-Godavary basin gas-supply dispute between RIL and RNRL comes to hearing from today onwards. RIL has been named as one of the top 25 global champions for the year 2009 as it gave good returns to investors amidst global economic slowdown. The...

I have read an interesting article MSNBC which talked about What happens if US Dollar crashes against major currencies. Here are some highlights of the article for your quick knowledge. Because the world economies now a days are tightly linked, a major drop in Dollar price can impact so many sectors...

The stock markets around the world are heating up and gaining beyond a logical reason. Most of the recent growth in indian stock markets is fuelled by the excessive liquidity in the system and the FII and FDI cash inflows more than the inherent strength in the corporate fundamentals. And in the US, the...

Tata Consultancy Services announced good results that beat market expectations. TCS announced Rs 2 intermediate dividend.  TCS posted a growth of 5.3% in its top line in Rupee terms. Sales: Rs.5744.40 Cr vs Rs.5699.96 (1% up) Net Profits: Rs.1642 Cr vs Rs.1173.04 Cr (29% up) OPM: 29.11% vs 28.09% (4%...

October 16, 2009: Indian Stock Market News NDTV Network, a group company of New Delhi Telivision (NDTV), announced that it will buyback the the 26% share that NBC Universal has in PLC. The financial details of the buyback deal have not been announced. On Thurday, the last day of the public issue of...

Morgan Stanley on Thursday said that sensex could touch 50,000 mark in seven years from current levels , if the assumptions made are optimistic. “One way of looking at market valuations is to find out the number of years it could take the market to reach a certain level. In our base case, using our...

Indiabulls Power plans a pre-IPO share placement to four investors: SBI, IDFC, HDFC Bank and Axis Bank, NewsWire18 reports quoting sources. The Indiabulls Power IPO will comprise of 39.1 crore shares. SBI may buy 12% of IPO size in Indiabulls Power and the SEBI nod for the IPO is expected by September...