Category Archives: Business

Business, Finance, Stock market & Investment News

New Mining Bill 2011 negative for Coal India!

New Mining Bill 2011 negative for Coal India!

The Union Cabinet has approved the draft mining bill that would not require profit-sharing with local communities and royalty payments to advocate “sustainable and scientific” mining across the country. The proposed bill mandates give away of 26% profit pie of coal miners towards the welfare of the tribes and displaced population in the region. This…Continue Reading

Anil Ambani-led ADAG shares test 52-week lows!

Anil Ambani-led ADAG shares test 52-week lows!

Anil Ambani-led ADAG shares have crashed amid reports that investigators widened their telecom scandal probe and that the three jailed men had retracted their testimony taking responsibility for decisions made by the Group’s telecom unit. Reports suggest that the CBI has tightened its noose by launching a detailed investigation on the alleged role of Anil…Continue Reading

Sunil Mittal’s Bharti Realty aims fast growth!

Sunil Mittal’s Bharti Realty aims fast growth!

After taking its telecom business to new heights, the Bharti Group now has plans to make big its real estate business to as high as amongst top three realtors in India. The company is said to be scouting for new projects, commercial assets and land parcels to kick off its plans initially. It is believed…Continue Reading

Top 5 Blue-chip Stocks for Investment!

Top 5 Blue-chip Stocks for Investment!

At a time when equity markets are struggling with fears of global slowdown and sovereign debt crisis in the advanced economies, it does make sense to invest money in strong fundamental blue-chip stocks which can bear the brunt of slowdown by their contribution to the Indian economy. You can either pick from the list of…Continue Reading

GAIL buys shale gas assets in US!

GAIL buys shale gas assets in US!

Gail has finally entered the emerging shale gas space to explore the prospects of unconventional source of energy found abundantly in the US. India’s biggest gas transportation firm has bought a 20% stake in Carrizo’s Eagle Ford Shale acreage position at a cost of $95 million. During mid-2010, even Reliance Industries had acquired stake in…Continue Reading

Today’s Gold price: Are Gold fundamentals safe?

Today’s Gold price: Are Gold fundamentals safe?

Today, gold prices tumbled sharply by 4.25% to Rs.25600 per 10 grams, down almost by Rs.1135 from previous session. Silver prices reflected even worse story – with the white shiny metal losing a tenth of its value, showing a cut of Rs.6200 at Rs.48000 per kg. While one can understand the proportion of drop in…Continue Reading

Part-time jobs not lucrative for 46% Indian workforce!

Part-time jobs not lucrative for 46% Indian workforce!

As much as 46% Indian employees are less inclined towards part-time jobs as an unfavorable career option, according to a quarterly review of mental mobility measure of employees conducted by Ma Foi Randstad Workmonitor Survey 2011 – Wave 3. While Bangaloreans are least skeptical about grabbing a part-time job, little less than half of Indian…Continue Reading

Internet access a Basic amenity for Indian youth: Survey!

Internet access a Basic amenity for Indian youth: Survey!

Internet access is a basic need of life for college students and young professionals, reveals a global survey commissioned by Cisco. Almost 95% of the Indian collegians and youngsters ranked internet alongside other essential part of life such as food, clothing and shelter. Almost four-fifth of college graduates believe that Internet is no longer a…Continue Reading

Indian parents less gender-biased towards girl child!

Indian parents less gender-biased towards girl child!

Matrimonial website Shaadi.com survey revealed that Indian parents are not gender-biased towards the girl child. The survey conducted on the eve of Daughter’s Day looked to measure responsiveness from its member netizens to understand the acceptance of a girl child among next generation parents. Almost of half the survey participants showed indifference towards any gender…Continue Reading

85% Indians wants to insure their Lifestyles!

85% Indians wants to insure their Lifestyles!

With soaring inflation and living costs, almost 85% of middle income earners in India aspire to pay higher insurance premiums to maintain the level of their lifestyles and amenities, points out an ING Investor Dashboard Survey. The survey further says that almost two-thirds of those whose risks are already covered, are now willing to fork…Continue Reading

Has Gold Bubble burst?

Has Gold Bubble burst?

Gold price in India now stands at Rs.26500 per 10 grams. Silver crashed over 10% to settle below Rs.53000 per kg. Apparently, the fears of global recession have spooked the prices of white shining, industrial metal hard and out. But, even yellow metal looked weak ahead of a likely Greek default and cracks in the…Continue Reading

Moody’s downgrade ratings of 8 Greek banks!

Moody’s rating agency downgraded ratings of 8 overstrained Greek banks – National Bank of Greece, EFG Eurobank Ergasias, Alpha Bank, Piraeus Bank, Agricultural Bank of Greece and Attica Bank – by two notches from Caa2 to B3 level. Moody’s downgraded the long-term deposit and debt ratings of all the eight Greek banks hit by acutely…Continue Reading

Anna takes ‘Say no to bribes’ campaign in Govt offices!

Anna takes ‘Say no to bribes’ campaign in Govt offices!

Anna Hazare team has launched ‘Say no to bribes’ anti-graft campaign in Delhi aimed at discouraging corruption in government offices and motivate civil and administrative employees to deny accepting bribes. India Against Corruption (IAC) is likely to make such periodic visits to government offices to spread the noble message that hampers the country’s progress. On…Continue Reading

SEBI strikes on FIIs, Brokers over GDR maniuplation!

SEBI strikes on FIIs, Brokers over GDR maniuplation!

SEBI bars seven companies from share sale over manipulation in their stock using GDRs which are listed abroad. The stock market regulator also cracked down on five FIIs and five brokers on account of GDR faults; involved in synchronized trading where FIIs were sellers and brokers were the buyers, later dumped on gullible investors at…Continue Reading