Investing News - Page 26

Yahoo sale process heats up as PE firms sign on

Private equity firms have indicated a willingness to commit around $1 billion in equity as part of the transaction.

MF Global's bankruptcy is 7th largest in US corporate history

Jon Corzine stepped down as the Chairman and CEO of MF Global Holdings after his bets on European debt drove the futures brokerage into bankruptcy.

Groupon debuts with a bang, here are some key facts

Groupon debuted on Friday with a bang as its stock price rose by almost 56 percent taking the company's market capitalisation to an astounding $20 billion.

Maruti Suzuki shares slips 6 percent on poor Q2 performance

Shares of Maruti Suzuki tanked by over 6 percent in morning trade on the bourses today after the leading car-maker reported a nearly 60 percent fall in September quarter net profit.

Not in a hurry to raise interest rates now, says SBI

However, SBI continues to trade 3.6 percent lower, even as the management said it has removed pre-payment charges on floating rates as announced in the policy.

Profit of JSW Steel slips 71% on forex loss, iron ore shortage

Company officials say the profit would have been much higher had the production not been cut due to severe iron ore shortage and also the forex translation losses of Rs 512.98 crore due to adverse movement in rupee dollar parity.

SBI to take a call on overseas funding in November

State Bank of India, the country's biggest lender, will take a call on raising funds through medium term notes (MTN) in November.

Idea Cellular net falls 41% to Rs 106 cr on 3G cost

Brokerages had, on average, expected net profit of Rs 158 crore for the company

Yes Bank profit up 33 percent on non-interest income growth

Private sector lender Yes Bank today posted a 33.3 percent growth in net profit at Rs 235 crore for the second quarter on the back of a healthy growth in its non-interest income, which offset a marginal dip in net interest margin.

Despite margin pressure, UltraTech Cement net doubles to Rs 279 cr

UltraTech, part of the diversified Aditya Birla Group, and major competitors ACC, Ambuja Cement and Jaiprakash Associates account for around 50 percent of India's cement market.

Hexaware Tech net rises 54% to Rs 65 cr, beats estimates

Shares of the Mumbai-based firm, which were down by about 2.6 percent before earnings, pared the losses and turned positive after the results.

Manpower goes up at Maruti's Manesar plant; strike continues

The number of workers on duty at its Manesar plant has gone up to 600, while talks brokered by the Haryana government between the management and striking employees are on to bring a<br /><br /> solution to the 13-day impasse.

Hero MotoCorp aims export of 10 lakh units in 5-6 yrs

Free from export restrictions imposed by its ex-promoter Honda, India's largest two-wheeler maker Hero MotoCorp today said it aims to sell 10 lakh units in the overseas markets in the next 5-6 years.

Negotiations to end Maruti strike break down

Officials of Haryana labour department held talks with workers of Maruti Suzuki India (MSI) and Suzuki Powertrain India Ltd (SPIL), as well as their managements during the day, but a solution to end the 12-day-long stir remained elusive.

NIIT Tech Q2 net up 5% at Rs 46 crore

The consolidated revenue of the company also increased to Rs 371.1 crore in the quarter from Rs 324.6 crore over the corresponding period last year.

Coal India defies downtrend in market, closes 3% up

The marketmen said that the stock bounced back as workers at the coal major yesterday withdrew their proposed three-day strike after reaching an agreement with the management over higher bonuses.

HCL plans $230 mn capex, but brokers remain negative on the stock

The company's cash and cash-equivalents stood at Rs 469.4 crore as on September 30, 2011.

Gold recovers to Rs 27,000, likely to stay bullish

Gold prices, which had collapsed in the last week of September, have recovered significantly and are now hovering around Rs 27,000 per ten grams. Going forward, fresh buying by stockists and jewellers to meet the ongoing festival demand is likely to further fuel the uptrend.

Reliance Industries net profit up 15.8 pc to Rs 5,703 cr

The increase in profits was largely driven by improved performance in the refining and petrochemicals business.

Orissa to examine possible JV between Sail and Posco

The steel ministry has reportedly given the suggestion to Posco which signed the MoU with the state government six years ago for the mega steel plant, but is yet to set up the plant.

JP Morgan: Earnings beat estimate, but profit down 4%

The US bank's third-quarter profit fell 4 percent amid lingering mortgage troubles and weak investment banking results.

RBI may not lower interest rates

Ahead of second quarter review of monetary policy on October 25, RBI indicated that it may not lower the key interest rates as inflation is still high.

Coal India workers on one-day strike for higher bonus

Five recognised unions, which represent most of Coal India's 330,000 workers, had earlier given notice for the one-day strike, asking for a minimum bonus of Rs 25,000 .

Oil prices to hit $130 per barrel:JP Morgan

JP Morgan expects crude oil prices to move to $130 per barrel (2013) due to the on going geopolitical issues, low spare capacity, stock building and currency related issues.

DLF appeal against CCI order likely in tribunal on Monday

The case pertains to CCI having imposed Rs 630 crore fine on DLF on 16 August for abusing its dominant market position and imposing unfair conditions on the buyers of its flats.

Idea, Airtel likely to miss estimates, says Goldman Sachs

Goldman Sachs expects Bharti Airtel and Idea Cellular July-Sept earnings falling short of street estimates on higher forex estimates for Bharti and wages and 3G interest expense for the latter.

SBI urges govt to take quick decision on rights issue

State Bank of India had submitted a proposal to raise Rs 20,000 crore through a rights issue. It requires funding to implement growth plans over the next two fiscals.

Suzlon bags order for wind turbines from GAIL

Suzlon received an order for supplying wind turbines with a combined generation capacity of 25.5 MW from GAIL India.

Australia tablet row: Samsung calls truce, Apple rejects offer

Apple claims Samsung's Galaxy line of mobile phones and tablets "slavishly" copied its iPhone and iPad and has launched an international legal battle which is expected to hurt growth at one of the South Korean firm's fastest-growing businesses.<br /><br /> <br /><br />

Wall St ends worst quarter since 2008 meltdown

A steep slide on Friday closed out a fifth month of losses as weak economic data from China sparked fears of a global economic slowdown.