Four major companies in India, Larsen & Toubro, India’s biggest engineering conglomerate; Maruti Suzuki India’s biggest carmaker; Jindal Steel & Power and GAIL (India) Ltd have announced the results for the end of quarter year on December 30th. While L&T reported an 18% rise in net profit, Maruti Suzuki and Jindal Steel & Power saw […]
It is said that small stock market investors should show interest in buying cheap stocks and making money from it. Because, when the stock market is soaring, there are a plenty of chances of inflated stock prices which may be expensive. Many live under the perception that cheap stocks are from those companies that are […]
Government is finally planning to allow major international airlines to invest in Indian carriers. It had made changes to many earlier rules to avoid foreign investment in Indian airlines. However, many foreign airlines are not ready to invest as the Indian aviation market is making a loss. When a few airlines like Qatar Airways and […]
Maharashtra Stationery Manufacturers and Traders Association, is going to conduct Stationery World 2012 in Mumbai, the dates of which have been decided between February 17th and 19th. It is a business to business (B2B) stationary trade fair. It is the fourth time this association is conducting a trade of this kind. It will have nearly […]
The Reserve Bank of India (RBI) released the Macroeconomic and Monetary Developments Third Quarter Review 2011-12 yesterday. This very document gives a preliminary idea of to the Monetary Policy Statement that is going to be released on January 24, 2012. Global and domestic factors have shown a strong negative effect on the Growth outlook, weakening […]
Reliance Industries, India’s biggest company by market value, is probably trying to cover-up its low performing shares by buying back shares at a maximum price of RS.870 each, about 10% premium over its current share price. Reliance will buy back up to 120 million shares, or 3.7% of outstanding equity. Citigroup and Bank of America-Merrill […]
Not only companies in India, but also foreign enterprises are seeing loss in their net income. International Game Technology (IGT), which is a global gaming company specializing in the design, development, manufacture, and marketing of electronic gaming equipment and systems products, including online and mobile solutions for regulated markets, declared on Tuesday that its net […]
The heavy industries ministry wants Prime Minister Manmohan Singh to stop the use of foreign equipment in ultra mega power projects. He said it is necessary to satisfy and serve the needs of domestic companies. He also expected that UMPPs bidders should get their equipment from domestic companies or enterprises that have an India origin. […]
