Fox Business - The Power to Prosper
Search Site

Bombay Stock Exchange

India Surprises Market With No Change To Rates

The Reserve Bank of India surprised the markets by holding its key lending rate and banks' cash reserve ratio unchanged on Wednesday, sending stocks flying in Mumbai. The RBI held the repurchase interest rate at 7.75%, while the reserve ratio remained at 4%. Only 1 of 15 economists in a Wall Street Journal survey predicted the move, with the remainder having expected a quarter-point hike, as India battles inflation. The RBI cited expectations that food prices, the main driver of inflation, would soon ease, according to reports. On the Bombay Stock Exchange in Mumbai, the Sensex traded 1.1% higher, compared to a 0.4% rise ahead of the decision. The rupee also advanced, with the dollar slipping to 61.810 rupees from 61.880 rupees.Copyright © 2013 MarketWatch, Inc....

Read More

  1. United Spirits Shareholders Ignore Diageo Open Offer

    Diageo PLC (DGE.LN) received just a fraction of the shares it had offered to buy in India's United Spirits Ltd. (532432.BY) from public shareholders as the offer pri...

  2. DLF's Share Sale Oversubscribed

    Indian real-estate company DLF Ltd.'s (532868.BY) stake sale Tuesday to raise at least 18.00 billion rupees ($328.2 million) received bids for more shares than it of...

  3. Piramal Enterprises Buys 10% of Shriram Transport for $304 Million

    Piramal Enterprises Ltd. (500302.BY) Friday acquired a 10% stake in Indian truck financier Shriram Transport Finance Co. Ltd. (511218.BY) for 16.52 billion rupees ($...

  4. Unilever Announces Purchase Period for Increasing Stake in India Unit

    Unilever PLC late Wednesday announced the purchase period for its $5.4 billion offer to raise stake in Indian unit Hindustan Unilever Ltd., in a move to capitalize o...

  5. DLF Selects JPMorgan, Deutsche, UBS, Five Others to Manage Share Sale

    DLF Ltd. (532868.BY) has chosen eight banks to manage its offer of 81 million shares to institutional investors, a person with knowledge of the matter said Tuesday, ...

  6. JPMorgan Chase, Deutsche, UBS Among Banks Managing DLF Share Sale -Source

    DLF Ltd. (532868.BY) has chosen eight banks to handle an offer for sale of 8.1 million shares in an institutional placement, a person with knowledge of the matter sa...

  7. India Central Bank Cuts Rate

    India's central bank Friday lowered its key lending rate by a quarter of a percentage point but stuck to a hawkish line on inflation, denting hopes that it would con...

  8. India Rupee At 2-Week High, Bonds Gain

    As Of 1200 GMT Latest Change USD/INR 53.80 -0.43 8.15% 2022 Bond 7.73% -3BPs Call Rate* 7.82% +24BPs Forward Premia** April 3.42 -0.055 *The weighted average rate **...

  9. Hindustan Unilever Net Profit Increases 15%

    Hindustan Unilever Ltd. (500696.BY), India's largest consumer-goods company by revenue, Monday exceeded market expectations with a 15% increase in its fiscal-fourth-...

  10. MARKET COMMENT: CS Tips India Stocks With High Earning Yields

    Credit Suisse says that lower global crude and gold prices is a positive for India, but stays less enthused over it than others. It says that the rally may continue ...

  11. Tata Consultancy Profit Beats View; Sees Strong Growth Ahead

    Tata Consultancy Services Ltd. (532540.BY) Wednesday posted a better-than-expected 22% rise in quarterly net profit and said its revenue growth this fiscal year will...

  12. Wipro's Controlling Shareholders Get OK to Sell Shares

    India's market regulator has exempted software exporter Wipro Ltd. (507685.BY) from a rule that prevents controlling shareholders of companies from selling their sta...

  1. India Central Bank Pat On Rates, Cuts Growth View

    The Reserve Bank of India on Tuesday left its policy lending rate and the amount lenders must keep as reserves unchanged, as expected, as it attempted to balance ris...

  2. Tata's Mistry man: tightening belts as more frugal era begins

    As Ratan Tata strode the halls of the Geneva Motor Show in March, joking with journalists and chatting with auto industry leaders, his successor at the helm of India...

  3. Tata Steel Posts Biggest Quarterly Loss on Write-Down

    Tata Steel Ltd. (500470.BY) Thursday posted its biggest quarterly loss ever as the company took a large non-cash charge on some assets write-downs, including in its ...

  4. State Bank of India Shares Battered After Fall in Profit

    State Bank of India (500112.BY) Thursday reported a sharper-than-expected fall in its fiscal fourth-quarter net profit as the country's biggest lender by assets set ...

  5. U.S. Slaps Ban on Another Indian Drugmaker

    The U.S. Food and Drug Administration slapped an import ban on Indian drugmaker Wockhardt Ltd. (532300.BY) after one of the company's plants failed an FDA safety ins...

  6. Xetra Trading System Set to Kick Off in Hungary Dec 6

    Hungary's Budapest Stock Exchange plans to introduce the Xetra trading platform Dec 6, a switch that could provide full international access to this bourse and boost...

  7. State Bank of India Profit Falls More Than Expected

    State Bank of India (500112.BY) posted a larger-than-expected 18.5% drop in net profit for the January-March period as it set aside more funds against bad loans, sen...

‹ Prev12345Next ›
Freebase CC-BY
Source: Bombay Stock Exchange on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL