Sensex drops 289 pts to 5-month low

Continuing its fall for the third day, the BSE benchmark Sensex on Friday dropped nearly 289 points to a 5-month low on brisk selling in heavy-weight financial companies, on investor concerns about rising interest rates in view of high inflation and weak global cues. The Bombay Stock Exchange benchmark index Sensex, which had lost 467 […]

Rupee falls 13 paise in early trade

The Indian rupee depreciated by 13 paise against the dollar on Friday, as the American currency strengthened against other major currencies. The domestic unit in early morning was trading at Rs 45.70 a dollar, 13 paise lower from the Thursday’s close at the Interbank Foreign Exchange (Forex) market. On Thursday, it snapped five-session long losing […]

ICEX Midday Market Report

SAIL to sell its 5% stake through public offer

Steel Authority of India SAIL, proposes to sell its five percent stake through a public offer in the current fiscal. SAIL Chairman C S Verma told reporters this in New Delhi last evening. He added that Attorney General of India G E Vahanvati has given the legal opinion on the issue. Our correspondent reports that […]

Sensex pares early gains, trades 136 points down

After opening higher, the BSE benchmark Sensex on Friday slipped by 136 points to trade at 18,548.54 at 1015 hrs with selling pressing emerging in realty, auto and capital goods sector stocks. Similarly, the broad-based National Stock Exchange index Nifty fell by 47.85 points, or 0.85 per cent, to 5,556.45. The 30-share index opened the […]

ICEX Daily Market Report on Metals, Energy & Agriculture

Sensex loses 285 points to settle at 18,684

The Sensex today fell over 285 points to 18,684 points amid rising food inflation and fears of further hike in interest rates. The Sensex had lost 182 points in the previous session, after the Reserve Bank of India had increased key rates for the seventh time since last March. Besides, investors and funds unwinding their […]

Visa Launches 2011 Privileges Program for Premium Cardholders

Mumbai: Visa today announced the launch of its 2011 Premium Access program for Visa Infinite, Visa Signature and Visa Platinum cardholders in India. The program brings together a collection of privileges for Visa Premium cardholders including the ability to taste unforgettable food and travel in style, as well as access to the most sought after […]

Moelis & Company Expands to Asia; Acquires Hong Kong-Based Asia Pacific Advisers

United States : Moelis & Company, the New York-headquartered independent investment bank, has announced its plans to expand into Asia with the acquisition of Asia Pacific Advisers (“APA”), an independent financial advisory firm based in Hong Kong. The acquisition of APA enhances Moelis & Company’s global presence and further strengthens its Asia Pacific capabilities, adding […]

Bloomberg Announces Turnkey Solution for Hedge Funds

United States: Bloomberg Trading Solutions executives has announced the launch of Bloomberg Hedge Fund Tool Box (HBOX), a complete platform that meets the growing number and needs of hedge funds. Bloomberg also revealed the results of a hedge fund survey that showed regulations are prompting reviews of fund technology and operations. “The hedge fund industry […]