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May 24, 2013
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Finance
Stimulus issue not to impact capital flows into India: Montek
Given the importance of US on the global economy, Ahluwalia said that the reversal of the QE system would tighten the liquidity across the world.
Latest News
FM asks Finmin to implement financial reform panel views
However, Chidambaram said changes would require considerable internal organisational strengthening, capacity building and workflow modification.
Rupee slumps to fresh 6-month low at 55.46 Vs dollar
Inching closer to the 56-level, the rupee on Wednesday weakened by five paise to hit a fresh six-month low of 55.46 against dollar.
L&T shares tank 6% over disappointing Q4 earnings
Shares of Larsen & Toubro on Wednesday slumped by 6 percent after the company reported 6.9 percent decline in standalone net profit for the fourth quarter ended March, 2013.
Sensex at fresh 1-week low; down 49 points as L&T slumps 6%
Similarly, the National Stock Exchange index Nifty fell below the crucial 6,100 level by losing 19.60 points, or 0.32 percent, to 6,094.50.
Just Dial IPO over-subscribed 11.63 times on last day
In a strong investor response, the initial public offer of local search engine Just Dial, the largest offer by an Indian Internet company, was subscribed 11.63 times on the last day of issue Wednesday.
FM for plugging regulatory gaps in financial sector
Amid outcry over Ponzi schemes causing huge losses to common people, Finance Minister P Chidambaram on Wednesday said there are regulatory gaps and efforts are being made to frame a new law to oversee financial sector.
Tech Mahindra shares surge nearly 8% post Q4 results
After making a positive opening, shares of the company further jumped 7.70 percent to Rs 979.85 on the BSE.
ICICI Securities, IDFC and Kotak Capital to manage EIL stake sale
At the market price of around Rs 175 a share, the 10 percent stake sale could fetch about Rs 600 crore to the exchequer.
Rupee snaps initial gain, down 4 paise at 55.45 vs dollar
Strengthening of the euro against the dollar in overseas market and a higher opening in the domestic equity market supported the rupee, dealers said.
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