News: Stories

It was a rather dull day for Dalal Street today. Key indices managed to emerge from the red, but ended the day on a flattish note.

The Indian government's white paper on black money has raised eyebrows as a good number of FDI flows have come in from Mauritius and Singapore. Government has raised concern since it thinks that these two markets are too small for such enormous inflows.

Following the economic pressures that the country is going through, big international brokerages have cut GDP target for India. While the government’s Economic Survey sees FY13 GDP at 7.6%, analysts estimate growth between 6.3%-7%.

If you are a gadget freak with some interest in photography, you would want to read this. Bloomberg UTV’s report on two apps which will help bring out the photographer in you.

The Indian Air Force has signed a Rs 2,800-crore deal with Swiss company Pilatus for 75 Pilatus basic trainer aircraft on Thursday.

Suzlon will declare its fourth quarter earnings today . The company’s profit is expected to slump to Rs 132 crore from Rs 214 crore. Order inflows and commentary on investment scenario will be the key things to watch out for.

Watch out for Crompton Greaves in trade today. The stock is at a three-year low and the company will be declaring earnings today.

A day after petrol prices were hiked by an all-time record of Rs 7.50 per litre, leading car makers have all given huge discounts of up to Rs 50,000 on petrol models for a limited period.

The market has mostly been losing in the last one week, but has seen a buying pattern reversal in derivatives.

Finance ministry sources have told Bloomberg UTV that the government cannot prop up rupee in the short term. The Indian currency is correcting itself, and may slide further before finding an appropriate level.