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All eyes are at Washington today, as leaders from all the major economies are meeting there to find a way out to beat the ongoing economic turmoil across the globe. Washington is holding G20 summit today, a group comprising of all the developed and emerging economies of the planet, in a wake to devise a [...]
There is a wide view in the financial circles that interest rates are unlikely to make a downward trend anytime soon. Recent reports by various banking institutions including ICICI propagate this view. Stability in interest rates can be seen but the chances of its easing down presently are somewhat difficult. The present scenario of firm [...]
Being in more than one business can get you more revenues for sure, but it has its flip side too. Take Bajaj group for instance; the business house is not only facing slow demand for bikes but also dealing with the sluggish pace in its financial services arm. Consequently, the group is thinking over a [...]
Rallying stocks have left WS investors wondering, as to whether the Bear has finally turned its back. Some see the present values as the bottom whereas others still find scope for the market to move down even further. Joachim Fels of Morgan Stanley feels even the Government bailouts of banks will offer only some relief [...]
Indian Government is trying its hands at anything and everything to keep the country from any further damage due to Global financial disturbance. The attempts to bring back original growth rate of 9% calls for some reforms in Banking Sector, selling the non-profit units of public-sector, de-controlling in Industry and changing labor laws to name [...]
The Indian markets are showing signs of extreme pressures created by the financial crisis in the global markets. With last week, the BSE Sensex plunged below the 10,000 mark now this time its Nifty that slipped below the 3,000 level on Thursday. It is the first time since July 2006 that Nifty crossed the barrier [...]
After SEBI’s appeal to help it gather data on short-selling by Foreign Institutionals, only 17 out of the total registered number of 250 have so far come up with the values. The actual total amount is estimated to be $2billion in absolute terms or fifth of the aggregate selling by FIIs. Of these, about 50 [...]
Wipro, despite the global finance turmoil reported outstanding results for the second quarter ended on 30 September, 2008. Driving on great operational efficiencies it posted a net profit of Rs 978 crore, a straight 19 percent upsurge from the corresponding second quarter of the last fiscal year. Revenues of the company also soared 36 percent [...]
Tech Mahindra on Tuesday reported its exceptional second quarter consolidated result for the period ended on 30 September, 2008. The net profit of the company for the second quarter took a significant jump of 66.7 percent to Rs 302.8 crore from Rs 181.6 crore for the same period last year. The revenues of the company [...]
Fall in the repo rate by 100 basis points has been well received by the market participants; however the benefits expected to come with it remain questionable. It seems the anticipated positive impact will take one-two months to surface. The reason for the delayed response, as unleashed by GVK Group’s George Issac is the non-sustenance [...]