Europe's second-biggest carmaker PSA Peugeot Citroen is exploring various entry routes into the Indian automobile market but has not yet taken a decision, a spokesman for the group said on Monday. "We are currently assessing the opportunities offered by the India market and the way to enter this market, but we have not taken any decision .. more »

Nov. 30: The National Stock Exchange’s (NSE) decision to allow investors to buy and sell mutual fund units through the exchange would end the difference between distributors and stockbrokers. According to the experts instead of competing with the stockbrokers, the MF distributors would prefer to become sub-brokers and would .. more »

Around 12.40 p.m., the sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened the day at 16,718.8 points, was ruling at 16,294.6 points, down 3.32 percent or 560.33 points, against Thursday's close at 16,854.93 points. Around the same time, at the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was at .. more »

The Sensex that had witnessed two big losses earlier this month, fell by 451.63 points to 16,403.30 points in the first ten minutes of trading. In the similar manner, the National Stock Exchange index Nifty tumbled by 140.50 points to 4865.05 points. The brokers said the selling focus was more on banking and realty stocks after Dubai's .. more »

Kolkata: The Calcutta Stock Exchange during the week faced heavy selling pressure in line with global cues. The benchmark CSE-40 index was down 658.43 points during the week. In the previous week the bourse was up 25.34 points. The index opened at 7,537.61 points and inched higher to touch an intra-week high of 7,771.99 till Wednesday. In the last .. more »

The Bombay Stock Exchange benchmark Sensex on Monday snapped the two-day 3.3 per cent losses, to close with a significant gain of over 294 points or 1.71 per cent, driven by the more than expected GDP growth at 7.9 per cent amid easing tension in the Dubai debt crisis. The Sensex, which had lost 223 points on Friday on the Dubai bubble, recovered .. more »

The Bombay Stock Exchange benchmark Sensex extended early gains by rising over 330 points in the noon trading today on better-than-expected showing by the economy in the second quarter of this fiscal. The Sensex rose by 330.84 points to 16,962.85 soon after the CSO data released said that country's economy grew by a significant 7.9 per cent .. more »

Other top fund houses in the country— Tata Mutual Fund, Birla MF, Prudential ICICI MF, Reliance and Fidelity have approached the NSE to make their products available on the new trading platform and are likely to join soon. The new platform will enable investors to buy and sell MF products through over 1.5 lakh trading terminals of NSE in .. more »

SINGAPORE, Nov 30 (Reuters) DBS Group, Southeast Asia's top lender, said on Monday its total exposure to Dubai was about S$1.8 billion ($1.28 billion), after worries about Middle Eastern debt drove its stock down 3 percent. DBS, seen by analysts as the most exposed among Singapore lenders to Dubai's debt troubles, said its exposure to the .. more »

Kuala Lumpur: Banks from the UK have the most exposure to the debts of Dubai World, while Asia's banks have "limited" exposure, Harm Zebregs, the International Monetary's Fund's Asia-Pacific representative, said on Tuesday. "Given what we know, the exposure of Asian banks is limited with the most exposure in UK .. more »

KUALA LUMPUR (Reuters) - Banks from the UK have the most exposure to the debts of Dubai World, while Asia's banks have "limited" exposure, Harm Zebregs, the International Monetary's Fund's Asia-Pacific representative, told Reuters on Tuesday. "Given what we know, the exposure of Asian banks is limited with the most most exposure in UK banks," .. more »

''While we had anticipated a fairly optimistic print on the back of the industrial recovery currently underway and found the 8.3 per cent growth in industry in line with expectations, the surprise came from the agricultural and services sector,'' it said in a release here, adding that agriculture and allied activities actually grew .. more »

With a year of downturn behind us, all major economic think tanks and forecasters who earlier expected the growth rate to dive below 6 per cent, are hopeful of above 6 per cent growth in 2009-10 (it was 6.7 per cent last year) and a growth of around 7 per cent in 2010-11. Such a rate of growth would be one of the highest in the world. Most of .. more »

"Clearly this (Q2 GDP growth of 7.9 per cent) is better news than we could have expected, and we will have to review forecast for the year as a whole," RBI depty governor Subir Gokarn told reporters at the Finance Ministry. However, he stopped short of giving a new estimate, saying the recovery was mainly driven by government spending .. more »

Subir Gokarn also said food price inflation was a matter of concern and authorities would keep a watch on capital inflows. Government data showed on Monday the economy grew by 7.9 percent in the quarter through September from a year earlier, shattering market forecasts as stimulus measures boosted demand and manufacturing activity surged. .. more »