Risk is at a tipping point
In last week’s update we cautioned that risk was in retreat, and that more downside was likely to develop. This past week saw risky assets (stocks, commodities, and JPY-crosses) slide further as new Chinese lending restrictions undermined the outlook for the global recovery generally, and for commodities especially. Softer ZEW [...]
Key benchmark indices suffered a severe setback extending losses for the sixth straight day on weak global cues after markets resumed trade today after a holiday on Tuesday on account of Republic Day. The BSE 30-share Sensex plunged 490.64 points or 2.92%, off close to 420 points from the day’s high and up close to [...]
New York, Jan 27 (PTI) Internet giant Yahoo! has posted a profit of USD 153 million (Rs 693 crore) in the quarter ended December 2009 on the back of improving advertising market.
In the year-ago period, the company had a net loss of USD 303 million, Yahoo! said in a statement.
Yahoo! posted a revenue of USD [...]
Mumbai, Jan 27 (PTI) Theatre chain PVR Ltd today said the completion of its acquisition of DT Cinemas, a subsidiary of DLF, has been deferred till February 15, 2010, due to pending compliance issues.
In a letter to the Bombay Stock Exchange, PVR said the two parties have mutually agreed to extend the deadline for completing [...]
New Delhi, Jan 27 (PTI) Car maker Toyota Kirloskar Motor today said it has entered into a memorandum of understanding with the country’s largest lender, State Bank of India, for vehicle finance.
Under the agreement, State Bank of India (SBI) will be one of the preferred financiers for the entire range of vehicles marketed by Toyota [...]