A top company official said that the L&T Finance has put its plans for an initial public offer (IPO) on the back burner till market conditions stabilise or in suitable conditions. “We have already received the necessary approvals and have kept ourselves ready for the IPO. But seeing the market trend in the last few [...]
Planning of L&T Finance IPO only after market conditions stabilise
January 17, 2011 By Leave a Comment
Reserve Bank of India governor hints at rate hike
January 17, 2011 By Leave a Comment
RBI governor D Subbarao has hinted that the credit policy due on the January 25 will indeed carry a rate hike. India’s central bank governor gave the clearest sign yet on Monday that interest rates will rise later this month, saying the country faced “surging inflation”.”A lot of countries are still flirting with deflation. On [...]
India’s largest IT bellwether TCS net zooms 30 percent on volume growth
January 17, 2011 By Leave a Comment
(IANS) India’s largest IT bellwether Tata Consulting Services (TCS) posted consolidated net profit of Rs.2,370 crore (Rs.23.70 billion) in the third quarter of the current fiscal (2010-11), registering about 30 percent year-on-year (YoY) growth, according to the Indian accounting system. TCS Chief Executive N. Chandrasekaran told to reporters ‘Sharp focus on our strategy with rigorous [...]
Sensex drops to 300 points to end below 19,000
January 14, 2011 By Leave a Comment
Indian markets continued to drop for the second day on Friday. Sensex Movers Housing Development Finance Corporation contributed fall of 45.34 points in the Sensex. It was followed by H D F C Bank (41.65 points), Reliance Industries (36.88 points), Larsen & Toubro (28.98 points) and I T C (23.88 points). However, Wipro contributed rise [...]
Sensex under Force; banks, tech, pharma down
January 13, 2011 By Leave a Comment
India’s food price index rose 16.91 per cent, driven mainly by high vegetable prices, and the fuel price index climbed 11.53 per cent in the year to Jan. 1 National Stock Exchange’s Nifty was at 5766.90, down 96.35 points or 1.64 per cent. The broader index touched a high of 5857.35 and low of 5744.35 [...]
