Finance - Edit Hot

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Markets snap 5-day rally on profit booking

Posted 4 hours ago (at Livemint)

Bharti Airtel, the country’s largest mobile operator, was among the big losers ahead of its quarterly earnings on .. more >>

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Exuberant markets gloss over economic reality

Posted 4 hours ago (at Livemint)

An improved global funding environment, relatively attractive valuations of Indian equities and hopes for rate cuts by the central bank have lured foreign .. more >>

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Gold holds below $1,720/oz, all eyes on Greece

Posted 4 hours ago (at Reuters)

LONDON (Reuters) - Gold held steady near $1,720 an ounce on Tuesday, awaiting a breakthrough on talks over a second bailout deal for Greece as its leaders fight to avoid a chaotic debt default, with European leaders demanding that it accepts painful .. more >>

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Indian gold traders stay away from new deals

Posted 4 hours ago (at Reuters)

MUMBAI (Reuters) - India's gold traders refrained from placing fresh deals on Tuesday, expecting more price falls, dealers .. more >>

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Toyota raises annual profit forecast, eyes recovery

Posted 5 hours ago (at Livemint)

The automaker now expects operating profit for the year to end-March of 270 bn yen, a drop of 42% from last .. more >>

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UBS warns of poor Q1 as investment bank struggles

Posted 5 hours ago (at Livemint)

Q4 net profit 393 million Swiss francs. Wealth management net new money 3.1 billion francs, vs 3.8 billion Q3. The bank says it will issue loss-absorbing capital in 2012. Signals may take further measures to cut .. more >>

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Mahindra Q3 profit falls more than expected

Posted 5 hours ago (at Indiatimes)

Mahindra & Mahindra Ltd, India's biggest utility vehicle maker, reported a bigger-than-expected 9.9 percent fall in quarterly profit as rising commodity costs squeezed .. more >>

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Sensex closes 87 points lower

Posted 5 hours ago (at Indiatimes)

A benchmark index for Indian equities markets Tuesday provisionally closed 87 points lower as traders booked profits after five consecutive weeks of .. more >>

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BSE Sensex provisionally falls 0.5 pct

Posted 7 hours ago (at Reuters)

MUMBAI (Reuters) - The BSE Sensex provisionally closed down 0.5 percent on Tuesday, as investors booked profits after the index rallied 5 percent over five .. more >>

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India to set up 7 large manufacturing centres

Posted 7 hours ago (at Reuters)

MUMBAI (Reuters) - The government is in the process of building seven large manufacturing hubs in the country and is considering a proposal to construct five more, said Talleen Kumar, joint secretary at the Department of Industrial Policy and .. more >>

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ArcelorMittal sees H1 pick up, concern on Europe

Posted 7 hours ago (at Livemint)

Q4 core profit $1.71 billion. Drops into unexpected net loss of $1 billion in Q4. It sees shipments in H1 same as year ago, mining output up. H1 EBITDA below H1 2011, but above H2 .. more >>

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UBS predicts poor Q1 over euro zone woes

Posted 7 hours ago (at Livemint)

UBS, trying to rebuild confidence after a $2.3 billion rogue trader scandal uncovered in September, said inflows at its flagship private bank should hold .. more >>

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'India to consider 49% FDI in aviation soon'

Posted 7 hours ago (at Indiatimes)

India's aviation ministry will soon move a note to the cabinet to allow foreign airlines to buy stakes of up to 49 percent in Indian carriers, civil aviation minister Ajit Singh said on .. more >>

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Rupee gains 11 paise against dollar

Posted 7 hours ago (at Indiatimes)

The rupee strengthened by 11 paise to Rs. 48.94 a dollar in early trade on the Interbank Foreign Exchange market on Tuesday on increased foreign capital .. more >>