Finance Sector

A bankable lot

The global financial crises have India in their grip, too. Weak demand and a sharp fall in commodity prices have adversely impacted the profitability of Indian companies. In such a situation, the smaller players are predictably more affected compared with larger ones, particularly the highly leveraged companies facing an acute shortage of funds.

US stimulus could end recession this year, Bernanke says

Ben BernankeWashington  - If massive government action to revive the US economy is successful the recession affecting the world's largest economy could begin to turn around this year, Federal Reserve Chairman Ben Bernanke said Tuesday.

Testifying before the US Senate Banking Committee, the central bank chairman said the government stimulus is essential to break the cycle of adverse feedback that helps to keep the economy down.

Buy Reliance Capital

Buy Reliance CapitalStock analysts have maintained ‘buy’ rating on Reliance Capital stock with an intraday target of Rs 441.

According to them, interested traders can purchase the stock between Rs 426-428 with a strict stop loss of Rs 405. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 450.

Western Union inks deal to acquire money transfer biz of Europe-based FEXCO

Western Union inks deal to acquire money transfer biz of Europe-based FEXCO

Goldman Sachs pumps $76 million in Pratham Investments

Goldman Sachs pumps $76 million in Pratham Investments

Indiabulls Securities to go for buyback of equity shares for Rs 33

IndiabullsShares of Indiabulls Securities closed in negative zone after touching intraday high of Rs 23 on Tuesday, after the company announced to buy back shares from the open market at a price of up to Rs 33. The Company' Board of Directors has approved the idea to buy-back of equity shares worth Rs 83.18 crore under the sub-section (2) of Section 77A of the Companies Act, 1956.

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