Bajaj Corp Shares Dip 5% On Sluggish Q4 Show

Mumbai: Shares of FMCG firm Bajaj Corp on Wednesday fell by 5 per cent after the company reported a marginal decline in its standalone net profit as well as sales for the fourth quarter ended March 31, 2015-16. The stock plunged 5 per cent to Rs 393 on BSE. On…

Nifty May Stage a Correction, Tread With Caution: Anil Manghnani

Indian stock markets hit over three-month high on Wednesday, following meteorological department’s forecast of normal monsoon rains this year. The Nifty surpassed its crucial psychological level of 7,800 today. It has now gained nearly 15 per cent from the lows hit in February. Amid euphoria on Dalal Street, Anil Manghnani…

Sebi Approached With 30 New Fund Offer Proposals in 2016

New Delhi: To tap the growing demand from retail investors, mutual fund houses have filed draft papers with the Securities and Exchange Board of India (Sebi) to launch as many as 30 new fund offers (NFOs). Retirement, fixed maturity plan (FMP) and equity are some of the themes for which…

Sensex Ends 481 Points Higher, Nifty Settles at 7,850

3:38 p.m.: The Sensex ended 481 points higher at 25,627 and Nifty advanced 141 points to close at 7,850. 12:05 p.m.: Metal stocks were witnessing buying interest. The BSE metal index was up 2.4 per cent; Jindal Steel was the top gainer from this space, up 6 per cent to…

Tata, Thyssenkrupp in High Level Talks on European Steel Joint Venture: Report

Frankfurt: Tata Steel and Germany’s Thyssenkrupp are holding high-level talks on the possibility of combining their European steel operations in a joint venture, but are also looking at other options, German daily Rheinische Post said on Wednesday. The newspaper said that under the model currently being discussed Tata and Thyssenkrupp…

India’s Gold Imports Drop 16% In FY2016: Report

Mumbai: India’s gold imports in 2015/16 fiscal year, ended on March 31, dropped 16 percent from a year ago to 926 tonnes, news agency NewsRise Financial reported on Wednesday, as higher prices and jewellers’ strike curbed demand in the previous quarter. The world’s second biggest consumer imports in March slumped…