Immediately after Indigo Airlines announced its fourth quarter results, there was a flurry of downgrades coming from brokers. The reasons are not far to seek. Higher oil prices were pushing up the costs and competition was pulling down their pricing power. Read more [...]

Recently SEBI had stipulated that all mutual fund schemes be reclassified based on an acceptable formula. In tune with that, SEBI had identified 34 total segments for classification. Has this SEBI regulation really helped in reducing the number of MF Read more [...]

On May 04th SEBI allowed bourses to offer F&O trading up to 11.55 pm every day. This will require prior permission of the regulator and the exchange will have to first convince the regulator that it has the requisite technical back-up, surveillance Read more [...]

Even as ICICI Bank has had its trust on trial in recent times, the fourth quarter results were an absolute disappointment. The profits halved to Rs.1020 crore even as the gross NPAs shot up from 7.89% to 8.84%, making it the most stressed private bank Read more [...]

Despite a weakening rupee and rising oil prices in the Brent market, the Nifty gained almost 100 points. There was a mix of short covering and selective buying in the markets on Monday. The way the markets react to ICICI Bank results will determine Read more [...]

The gold research division of Reuters estimates gold prices to touch $1500/oz during the year. While political and economic uncertainty is likely to be one reason for the rise in the price of gold, Reuters also sees genuine demand for gold to pick up Read more [...]

The one stock that held the Nifty up was ICICI Bank, which celebrated bad results with a 7% spike in price. We had said that yesterday but traders need to be cautious about buying ICICI Bank at such lofty levels. Downstream oil could benefit from Read more [...]

In a landmark deal, global retail giant Wal-Mart has bought out 77% stake in Flipkart for a consideration of $16 billion giving Flipkart an enterprise valuation of $21 billion. Flipkart’s largest shareholder, Softbank of Japan, will sell its entire Read more [...]