Marketing

Just Dial Extends Gain, Jumps Over 30% in Two Days

Shares of the internet search firm Just Dial jumped as much as 10 per cent on Thursday on top of yesterday’s 19 per cent gain. Including today’s gains, the stock has surged over 30 per cent in last two sessions. Gains in Just Dial shares follow an announcement of a buyback offer by the company. Under this buyback, the company ... Read More »

Sensex Rises Tracking Gains in Global Markets

Mumbai: India’s stock markets rose on Thursday, heading for their second straight day of gains, as stabilising crude oil prices lifted mining and energy firms, while stronger Asian stocks boosted investor appetite for riskier assets. Asian stocks rose across the board as crude oil steadied on hopes that big producers will cap output. Minutes from the US Federal Reserve also ... Read More »

Sensex Ends 267 Points Higher on Broad-Based Buying

3:30 p.m.: The Sensex ended 267 points higher at 23,649 and the 50-share Nifty closed 83 points higher at 7,192. 3:12 p.m.: Pharma index was the top sectoral gainer, up 2 per cent. Dr Reddy’s Labs, Lupin, Cadila Healthcare, Piramal Enterprises, Sun Pharma and Cipla were among the top gainers from this space, up 1-5 per cent each. 2:41 p.m.: The ... Read More »

Sensex Rises Over 250 Points, Nifty Settles Above 7,150

The Sensex and Nifty rose for the second straight day on Thursday on the back of broad-based buying. Asian stocks rose across the board as crude oil steadied on hopes that big producers will cap output. Minutes from the US Federal Reserve also showed policymakers were divided over how to interpret the financial market volatility, suggesting it was backing away ... Read More »

MFs Bullish on IT Stocks; Exposure at Record High of Rs 43,000 Cr

New Delhi: Mutual Funds remain bullish on software companies, raising their allocation to all time high of over Rs 43,115 crore last month in view of the weakening rupee, which increases IT exporters’ profitability. In comparison, equity fund managers’ deployment in software stocks was Rs 35,463 crore in January last year. Industry experts said that fund managers have been raising ... Read More »

UK Sinha Assumes Office, Begins New Term As Sebi Chairman

New Delhi: U K Sinha today began his new term as Chairman of capital markets regulator Sebi following his reappointment to this position by the government. Sinha, who became Chairman of the Securities and Exchange Board of India (Sebi) on February 18, 2011, was initially appointed for a three-year term and was later given a two-year extension. Days before his ... Read More »

Royal Enfield Plans to Ride into Brazilian Market

New Delhi: Niche bike-maker Royal Enfield is looking to gain entry into Brazil, the largest market in Latin America, and establish itself in major markets like Indonesia and Thailand as part of its plans to become a leading player in the 250-750 cc segment globally. “Currently, we are looking at Latin America and South East Asia regions for our growth ... Read More »

Talks on Dharwad Plant Fail to Yield Any Meaningful Result: Tata Motors

New Delhi: Tata Motors on Wednesday said talks between one of its subsidiaries – Tata Marcopolo -and the workers of its Dharwad plant failed to yield any meaningful result. Earlier this month, a lockout was declared at the Dharwad plant of Tata Marcopolo Motors following a strike by workmen over wage negotiations. The company in a statement issued on Wednesday said ... Read More »

Coca-Cola’s Quarterly Sales Fall 8%

Coca-Cola Co reported an 8 per cent fall in quarterly net revenue, as a strong dollar once again reduced the value of sales from outside the United States. The net income attributable to shareholders rose to $1.24 billion, or 28 cents per share, in the fourth quarter ended December 31, from $770 million, or 17 cents per share, a year ... Read More »

Equity MF Inflows Hit 20-Month Low of Rs 2,914 Crore in January

New Delhi: Equity mutual funds witnessed in January inflows worth Rs 2,914 crore, the lowest level in the last 20 months, mainly on account of weakness in stock markets and appreciation in gold prices, says a report. This was the second successive month when the flows for local equity mutual funds. According to a Deutsche Bank research report, equity MFs ... Read More »