CORPORATE NEWS
Volatility will Remain continue
Equity markets in India, and globally, have surprised most experts with the forceful rally that has been seen in the past month, after they hit a low in the early part of March. Will markets still go higher from these levels? Or will they go back to test their lows in the near future?
the bottom […]
Tech Mahindra wins bid for Satyam
Tech Mahindra, the IT arm of auto major Mahindra and Mahindra, Monday won the bid for India’s fourth largest software exporter Satyam Computer.
Satyam’s new board of directors, which met here to select the highest bidder, chose Tech Mahindra following its bid of Rs.1,757 crore ($351.4 million) for 31 percent stake in the scam-tainted IT giant.
Tech […]
Banking Sectors Down - An Overview
The markets had fallen sharply lower in trade yesterday, breaking a five-session rally. Banking stocks were under tremendous pressure and were among the worst it in trade yesterday.
Most Banks had touched their 52 week lows in the first week of March 2009 and since then these stocks rallied by an average of 20-30% led by […]
US Economic Data Better then Expect - Market Positive
U.S. markets Wednesday as rosy growth unexpected order-durable goods and sales of new homes have increased optimism that the country the ’s economy stabilized. Trade was volatile as demand low in an auction of the assembly offset from the U.S. treasury for a bit.
The Dow gained 89.94 points or 1.17% to close at 7.749.81. The […]
