Market Watch

  • Government today said it has cleared 13 FDI proposals totalling Rs 1,258 crore and referred Axis Bank's proposal for increasing foreign equity amounting to about Rs 6,266 crore for consideration of the Cabinet.

    The Foreign Investment Promotion Board (FIPB), in its September 19 meeting, had also deferred decision on 8 FDI applications while two were rejected, it said. "Based on the recommendations of Foreign Investment Promotion Board (FIPB)...Government has approved 13 Proposals of foreign direct investment amounting to Rs 1258.53 crore approximately," the Financ

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  • Gold has witnessed smart recovery and there is no reason why you shouldn’t buy some this Diwali.

    After a volatile 2012-13, there appears a silver lining on the yellow metal — Gold has witnessed a smart recovery over the last six months. And there is no reason why you shouldn’t buy some this Diwali

    With Diwali round the corner, one of the most auspicious gold purchasing occasions is back in the country. While gold prices have climbed up yet again after having witnessed a sharp correction in the first few months of this calendar year, gold buyers hav

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  • Goldman Sachs is a master at making money. Lately it has become a master at giving it away. Goldman -for many a symbol of Wall Street

    Goldman Sachs is a master at making money. Lately it has become a master at giving it away. Goldman — for many a symbol of Wall Street greed and excess — wants the world to know it has a charitable side. With the same calculation that earned it a reputation as the savviest trading house on Wall Street, it has staked out a position as o

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  • Option Strategy- 28th October

    28 October 2013 - 11:52 AM

    Buy 6000 put at Rs. 12-12.5 and 6200 call at Rs. 14.5-15 by making it a strangle and hold till tomorrow when RBI will declare its policies. Total risk Rs.25 approx.

    As previously stated RBI and Fed policies will guide new direction of nifty.

  • Burger King, one of the world's top fast-food companies, will soon enter India through a franchising partnership with a company that will be headed by the present CEO of its UK operations and majority-owned by private equity firm Everstone Capital, a rare instance of a PE fund partnering with a fast-food chain.

    In a departure from its usual global practice, the US chain will also hold a minority stake in the Indian franchisee, said a person familiar with the development. The India venture will be spearheaded by Rajeev Varman, the chief executive of Burger King in the UK. V

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