Bombay Stock Exchange's benchmark Sensex and NSE's Nifty opened on a negative note and continued in the red in the morning session Monday, weighed down by a slump in the FMCG and consumer durable shares.
Warburg Pincus LLC, a private equity firm based in US, is looking for a $100-$125 million stake in finance firm Future Capital Holdings, sources said to Reuters.
Bombay Stock Exchange's benchmark Sensex and NSE's Nifty opened in red in the morning session Wednesday, weighed down by a slump in the shares of Tata Motors. The choppy trading continued with India's largest automaker being the top loser in the BSE with a 9.03 percent or 24.80 points decline.
Bombay Stock Exchange Sensex started on a negative note Friday and was trading in the red in the morning session.
Bharti Airtel has launched Broadband Wireless Access or 4G services in Kolkata on Tuesday. Will this 4G service be better than the existing 3G service provided by Airtel itself along with Vodafone, BSNL, Reliance and Tata?
The scandal convulsing the Indian telecoms market threatens to deter foreign companies from investing there and could call into question the business case for expanding into emerging markets in general.
The BSE Sensex was headed for a second day of decline on Thursday as investors booked profits from recent rallies as concerns mounted over the state of the global economy, including rising oil prices.
Everyone knows that industry consolidation leads to improved shareholder returns. India's mobile market may be the exception. Revocation of 2G licences and now a change in M&A rules are expected to force a long-awaited deal frenzy in this challenging sector.
The BSE Sensex edged 0.14 percent higher after a choppy trading session on Monday, as hopes of stability in Greece improved global risk appetite and offset weak corporate earnings at home. Hopes of Greek austerity deal boosted the market.
The BSE Sensex dropped 0.4 percent on Thursday on concerns about earnings outlook and investors took profits after the main index rallied 15 percent over the past five weeks.
The BSE Sensex ended 0.5 percent higher on Wednesday, helped by a rally in software stocks including Tata Consultancy Services (TCS.NS) and Infosys Technologies (INFY.NS) and gains in index heavyweight Reliance Industries.
The BSE Sensex climbed 0.7 percent on Wednesday, led by energy conglomerate Reliance Industries and software services exporters Infosys and Tata Consultancy Services.
The continuing decline in earnings has mainly been attributed to currency fluctuations and the rising interest costs. Also, all the major mobile phone service providers in the country are engaged in a bitter tariff war.
The BSE Sensex snapped a five-day rally on Tuesday as investors locked in profits after the government forecast growth may dip below 7 percent, the slowest pace since the 2008 financial crisis.
The BSE Sensex was subdued on Friday as some profit-taking emerged after the index rose more than 3 percent in the last three sessions, and as weak Asian markets ahead of key U.S. jobs data dented investor sentiment.
The Supreme Court on Thursday revoked all 122 telecoms licences issued under a scandal-tainted 2008 sale, a fresh embarrassment for the government and plunging the mobile network market of Asia's third-largest economy into uncertainty.
The BSE Sensex rose for a third straight session, inching up 0.08 percent on Monday, helped by financials while a decline in Reliance Industries (RELI.NS), which reported its first quarterly profit fall in two years, capped the index gains.
The telecoms ministry will tell carriers that they will not be allowed to offer third-generation (3G) services through roaming agreements with one another in zones where they do not have their own 3G airwaves.
India's power, telecoms and aviation sectors, core to sustaining the country's growth, are in various states of crisis. This crisis may force the government to bring about reforms.
The BSE Sensex Thursday gained 2.70 percent on hopes for a surge in foreign fund inflows after the world's six major central banks moved to tame a liquidity crunch for European banks.2
Reliance Industries and Bharti Enterprises have agreed to end negotiations over the sale of the latter’s stakes in two insurance services firms, set up in a joint venture, with France’s AXA.
The iPhone 4S was launched at midnight in India and is now available in stores across India through service providers Airtel and Aircel.The phone was announced by Apple on October 4 and has been available for preorder in India since 18th November.
