Top Finance News Headlines

Lehman plans to end bankruptcy, create new company

Under the proposed Chapter 11 plan, a newly created business called LAMCO would manage what is left of Lehman's commercial real estate, mortgages, principal investments, private equity, corporate debt and derivatives assets....

Latest Finance News Headlines

10 - 15 minutes old

Daimler, Renault in talks over equity stakes: Report

- DNA India

Citing two unnamed people briefed on the talks, the FT said the possible alliance would take the relationship beyond the talks about cooperation in small cars which are already taking place....

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30 minutes - 1 hour old

HDFC looking to foray into education biz

- MoneyControl

At a recent CLSA conference, the housing finance major is said to have disclosed its intention to foray into education businessl, reports CNBC TV18....

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Nifty may test 53005310 if it crosses 5180: Angel Broking

- MoneyControl

In an interview with CNBCTV18, Shardul Kulkarni, Senior Technical Analyst, Angel Broking, spoke about his reading of the market and his outlook....

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Reliance Industries top gainer on the Sensex

- MoneyControl

Reliance has touched an intraday high of Rs 1,061 and an intraday low of Rs 1,028. At 2:37 pm, the share was quoting at Rs 1,060.60, up Rs 32.85, or 3.20%. ...

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Nifty above 5150; RIL, LT, BPCL, SAIL, Tata Steel shine

- MoneyControl

At 14.41 hrs IST, Nifty was trading with positive bias. Nifty finally broke out of the 50805150 range today after 6 trading sessions. Buying was seen in oilgas, metal, auto, capital goods and power stocks. Selling was seen in FMCG stocks. ...

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1 - 2 hours old

EU ministers agree Greek plan

- BBC

European finance ministers say they have agreed how they would help Greece in its financial crisis, but reveal few details....

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No plan for SBI to take over state banks

- MoneyControl

There is no proposal for governmentrun State Bank of India to take over any other state bank, a minister of state for Finance said on Tuesday....

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Sensex hovers around 17200; oilgas, metals, pharma up

- MoneyControl

At 13:09 hours IST, the benchmark Sensex strengthened a bit. Reliance Industries was the leading counter, up 2.5%, along with entire oilgas space. Metal, pharma, technology (barring Wipro), auto, select power and capital goods stocks were the other gainers, which were supporting the markets to stay on the higher side....

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2 - 4 hours old

PFC to sanction loans worth Rs 68K cr

- Economic Times

State-owned Power Finance Corp on Tuesday said it would sanction loans to the tune of Rs 68,000 crore in the next financial year. ...

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Pvt insurers have more death claims than LIC: FM

- Business Standard

Private sector insurance firms have more than three times the outstanding number of death claims on individual insurance policies compared to state-owned LIC, Finance Minister Pranab Mukherjee told the Rajya Sabha today....

Read @ Business Standard Details...

Pvt insurers have more death claims than LIC: FM

- Business Standard

Private sector insurance firms have more than three times the outstanding number of death claims on individual insurance policies compared to state-owned LIC, Finance Minister Pranab Mukherjee told the Rajya Sabha today....

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No plan for SBI to take over state banks

- Business Standard

There is no proposal for government-run State Bank of India to take over any other state bank, a minister of state for Finance said on Tuesday....

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No plan for SBI to take over state banks

- Business Standard

There is no proposal for government-run State Bank of India to take over any other state bank, a minister of state for Finance said on Tuesday....

Read @ Business Standard Details...

Markets firm in noon trades

- Business Standard

The markets have gained in strength in afternoon trades. The Sensex isnowquoting at 17,217, up 51 points, and the Nifty is at 5,149, up 20 points. The mid-cap and small-cap indices are also up by more than half a per cent each....

Read @ Business Standard Details...

Markets firm in noon trades

- Business Standard

The markets have gained in strength in afternoon trades. The Sensex isnowquoting at 17,217, up 51 points, and the Nifty is at 5,149, up 20 points. The mid-cap and small-cap indices are also up by more than half a per cent each....

Read @ Business Standard Details...

PFC to sanction loans worth Rs 68,000 cr in FY11

- Business Standard

State-owned Power Finance Corp today said it would sanction loans to the tune of Rs 68,000 crore in the next financial year....

Read @ Business Standard Details...

PFC to sanction loans worth Rs 68,000 cr in FY11

- Business Standard

State-owned Power Finance Corp today said it would sanction loans to the tune of Rs 68,000 crore in the next financial year....

Read @ Business Standard Details...

Intrasoft Tech files RHP with Sebi

- MoneyControl

Intrasoft Technologies Limited (Intrasoft) has filed the Red Hearing Prospectus with SEBI and ROC to enter the capital markets with an IPO of 37, 00,000 equity shares of face value of Rs.10 each for cash at a price to be decided through a 100% bookbuilding process....

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Nifty quiet: RIL, Texmo Pipes, Educomp most active

- MoneyControl

The 50share NSE Nifty continued to see volatile trade today as well. On the one side, bankingfinancial and cement stocks along with Bharti Airtel, ITC, Sterlite Industries, Wipro, DLF and Jaiprakash Associates were putting pressure on the benchmark indices....

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NFOs will take time to pump in mkts: Axis Mutual Fund

- MoneyControl

As 2010 has opened up, we are seeing at least one new fund offer (NFO) having raised quite a bit of money. Existing funds are getting a trickle and now that trickle is becoming a bit more of an inflow pipeline into equity mutual funds. ...

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Daimler, Renault in talks over stakes

- Economic Times

Germany's carmaker Daimler and its French rival Renault are in discussion for acquiring equity stakes in each other as part of a possible alliance that would go beyond their current talks on small cars, says a media report....

Read @ Economic Times Details...

No plan for SBI to take over state banks

- Economic Times

There is no proposal for government-run State Bank of India to take over any other state bank, minister of state for finance said on Tuesday....

Read @ Economic Times Details...

Food inflation coming down: FM

- Economic Times

Finance Minister Pranab Mukherjee has said that inflationary pressure on food items has started coming down....

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BoA/Merrill hires Reilly to head Asia equity settlement biz

- Business Standard

Bank of America Merrill Lynch has hired Gene Reilly from Goldman Sachs to head its Asia Pacific equity execution business, Bank of America said on Tuesday....

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BoA/Merrill hires Reilly to head Asia equity settlement biz

- Business Standard

Bank of America Merrill Lynch has hired Gene Reilly from Goldman Sachs to head its Asia Pacific equity execution business, Bank of America said on Tuesday....

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BoA/Merrill hires Reilly to head Asia equity settlement biz

- Business Standard

Bank of America Merrill Lynch has hired Gene Reilly from Goldman Sachs to head its Asia Pacific equity execution business, Bank of America said on Tuesday....

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Phillips-Van Heusen to buy Tommy Hilfiger for $3 billion

- DNA India

The deal would mark an end to London-based private equity firm Apax's plans for an initial public offering for the iconic brand which it had bought in 2006 for $1.6 billion....

Read @ DNA India Details...

Phillips-Van Heusen to buy Tommy Hilfiger for $3 billion

- DNA India

The deal would mark an end to London-based private equity firm Apax's plans for an initial public offering for the iconic brand which it had bought in 2006 for $1.6 billion....

Read @ DNA India Details...

Lehman plans to end bankruptcy, create new company

- DNA India

Under the proposed Chapter 11 plan, a newly created business called LAMCO would manage what is left of Lehman's commercial real estate, mortgages, principal investments, private equity, corporate debt and derivatives assets....

Read @ DNA India Details...

Lehman plans to end bankruptcy, create new company

- DNA India

Under the proposed Chapter 11 plan, a newly created business called LAMCO would manage what is left of Lehman's commercial real estate, mortgages, principal investments, private equity, corporate debt and derivatives assets....

Read @ DNA India Details...

Yahoo loses revenue chief to online content start-up Demand Media

- DNA India

Demand Media said Joanne Bradford will join the company as its first chief revenue officer to oversee advertising sales and the company's recently launched online content services business....

Read @ DNA India Details...

Yahoo loses revenue chief to online content start-up Demand Media

- DNA India

Demand Media said Joanne Bradford will join the company as its first chief revenue officer to oversee advertising sales and the company's recently launched online content services business....

Read @ DNA India Details...
4 - 6 hours old

HT Media optimistic on Hindi biz; innovating regularly

- MoneyControl

Optimistic on the Hindi business, HT Media’s CEO Rajiv Verma said they were regularly working towards innovating the Hindi business. “The Hindustan brand is in a growth mode. It has over 75% market share in Bihar and the business has shown explosive growth since the last six to eight quarters.”...

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Markets continue to trade sideways

- Business Standard

The markets have been bereft of any activity in the past one hour. The Sensex is quotingat 17,170, up five points, and the Nifty is virtually unchanged at 5,129. The energy sector is trading up, while banking and FMCG stocks are trading weak....

Read @ Business Standard Details...

Passari Cellulose board approves FPO plan

- Business Standard

Passari Cellulose Ltd today said its board has approved further issue of shares (Follow-on Public Offer) to fund the new factory and expansion of business....

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Daimler, Renault in talks over mutual equity stakes: FT

- Business Standard

Germany's car maker Daimler and its French rival Renault are in discussion for acquiring equity stakes in each other as part of a possible alliance that would go beyond their current talks on small cars, says a media report....

Read @ Business Standard Details...

Engineering students' memo to GTU

- DNA India

The college has been started as semi-finance degree engineering college under the state government's scheme of public private partnership. ...

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ITC raises cigarette prices again: report

- Live Mint

Cigarette business generates more than half of ITC?s revenue and was the biggest contributor its profit during the December quarter...

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Strides proposes to acquire minority stake in Ascent Pharma

- Economic Times

Drug maker Strides Arcolab on Tuesday said it is in talks with Ascent Pharmahealth, listed on the Australian Stock Exchange, for acquiring a minority stake in the company....

Read @ Economic Times Details...

Asian stocks mixed on Fed statement

- Economic Times

Asian stock markets were mixed Tuesday as investors held back ahead of the US Federal Reserve's latest assessment of the world's largest economy. ...

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Sensex lackluster; Reliance, L&T, ONGC gain

- Economic Times

Sensex lackluster; Reliance, L&T, ONGC gainMarkets continued to witness a lackluster session on Tuesday due to lack of global cues. Top 5 picks | Mid-term picks |Top gainers, losers and recommendations...

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Nifty supports seen at 51005050: ICICIDirect

- MoneyControl

ICICIDirect.com in its report on March 16, 2010 says that the Indian market is likely to open flat on the back of flat global and Asian cues....

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Strides Arcolab to buy minority stake in Ascent Pharma

- MoneyControl

Bangalorebased drugmaker Strides Arcolab has proposed to acquire a minority stake in Ascent Pharmahealth, which is listed on the Australian Stock Exchange. The deal values Ascent Pharmahealth at an enterprise value of 100 million Australian dollars....

Read @ MoneyControl Details...

Sensex lacklustre; HDFC Bk, ICICI Bk, Bharti, ITC slip

- MoneyControl

At 10:27 hours ISTthe 30share BSE Sensex was completely lacklustre in trade and was trading with twoway moves. Oilgas, pharma, auto and select power stocks along with LT, HUL and Reliance Communications were supporting the markets....

Read @ MoneyControl Details...

Madhucon Projects builds on mining license

- Business Standard

Madhucon Projects has spurtedon news that its subsidiary, PT Madhucon Indonesia has been granted a new coal mining business permit for exploration of 30,970 hectares at Mauraduwa in south Sumatra, Indonesia. The stock is trading at Rs 159, stronger by Rs 10 or 6.9%, on the BSE. The shares had opened at Rs 155, which was als...

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INTERVIEW: Mahindra Lifespace to set up 2 more biz townships

- Business Standard

Mahindra Lifespace Developers Ltd is in the process of acquiring around 4,000 acres in Chennai and Pune, where it intends to set up two more business parks, a top official said late on Monday....

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ITC raises cigarette prices again - DNA report

- DNA India

Cigarette business generates more than half of ITC's revenue and was the biggest contributor to its profit during the December quarter....

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Sensex rises by 48 points in opening trade on global cues

- DNA India

The wide-based National Stock Exchange index nifty edged higher by 15.10 points, or 0.29% to 5,144.00 points....

Read @ DNA India Details...

Significant improvement in Sino-Indian relationship: Nirupama Rao

- DNA India

Resolution of the boundary dispute between the two countries, the foreign secretary said, has not hindered the advancement of dialogue, trade and business relations....

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6 - 8 hours old

Nifty Open Interest PCR rises to 1.51 vs 1.44

- MoneyControl

FO cues: Futures Open Interest was down by Rs 218 crore while Options Open Interest up by Rs 791 crore....

Read @ MoneyControl Details...