April 30, 2009 - Merger and Acquisitions this year in India has been touching to $7.4 billions, which is the lowest seen in last four years. All thanks to the global economic slowdown.
M &A volume had fallen by 51 per cent against previous year. From total of $7.4-billion M&A deals $1.6billion deals were inbound in which foreign firms bought stake in Indian companies. Read more…
May 4, 2009 - Rakesh Mohan a Deputy Governor of RBI ranking top in slot of Central Bank has quitted from RBI to join Stanford University in United States. As per the sources he is not going to leave immediately the central bank.
Rakesh Mohan has been offered a post of distinguished consulting professor at Stanford Centre for International Development the Stanford University. Read more…
April 29, 2009 - The market today ended on high gains. Sensex was high by 3.65 per cent and closed at 11,403.25.The gain was more than 17.45 percent and it was the best monthly performance in 10 years.
The political conditions prevail but still the markets continue to rally. Results with respect to corporate are better than that thought. On the other hand, in future we may see the effect on market due to elections and high fiscal deficit. Read more…
April 28, 2009 - No sooner the initial fuel production crosses 40 mmscmd then the Steel Sector will be the one to get high preference in getting natural from Reliance Industries Krishna Godavari basin.
Empowered Group of Ministers (EGoM) has also decided the same on pricing pricing and commercial use of gas under the New Exploration Licensing Policy. Read more…
April 27, 2009 - It was been accepted that the global economy would improve but the sudden outbreak of swine flu may lessen the hope and expectations and recession may increase further. This swine flu effect was seen in the market as the market was low on Monday. Read more…
April 24, 2009 - Indian economy may be improved in the second half of the fiscal of 2009, after the elections are over and a stable government gets form as thought by the global financial major Goldman Sachs .So an eye on the elections for a stable economy. Read more…
April 22, 2009 - Wipro, one of the India’s leading software services exporter, has shown a 15 per cent rise in net profit to Rs 1,010 crore in the fourth quarterly ended March 31, 2009 as against the quarter of last fiscal. Read more…
April 21, 2009 - No sooner the policy rates were decreased by the Reserve Bank of India, ICICI Bank one of the largest private sector also decreased its floating rates by 50 bps to 13.25 per cent. This reduction would be profitable for many customers like millions of home, consumer and corporate loan borrowers. Read more…
April 20, 2009 - $7.4 billion offered by Oracle to purchase Sun Microsystems Inc which was quite surprising offer and it came immediately after the takeover talks between Sun and International Business Machines Corp failed. Read more…
April 17, 2009 - DLF one of the largest estate developers in India has asked the commerce ministry to de-notify four IT/ITES special economic zones (SEZ) for IT and IT enabled service projects.
The four SEZ which the company wishes to give up are situated at Bhubaneswar, Gandhinagar, Kolkata and Sonepat (Haryana). Read more…
