✍ World steel demand to decrease in 2015: World steel Global steel use should grow at a slightly slower pace this year than last because of China's slow down, although elsewhere steel use

IDBI Bank, LIC ink pact to offer PM Jeevan Jyoti Bima Yojana IDBI Bank and Life Insurance Corporation (LIC) of India have signed a memorandum of understanding

Indian economy to grow at 7.3% in 2015: Moody's Analytics: Indian economy is expected to grow marginally higher at 7.3 percent during the year compared with 7.2

World Bank cuts growth forecast, warns of risks to outlook The Washington-based lender expects the developing East Asia and Pacific (EAP) region, which includes China,

After two rounds of auctioning of coal blocks for private companies, the government will on Tuesday allot mines to central and state PSUs. "Allotment of coal blocks to state entities to take place on Tuesday,"

US Last GDP for the last quarter stayed the same at 2.2 %. Japan’s Prelim Industrial Production for delved to 3.4%.

Suzlon Energy Ltd stock ended 1% higher at Rs 27 after the company has announced that it has received shareholders and CDR EG (Empowered Group) approval for Senvion sale and issue of upto 100

Fed bows to market's more dovish view of soaring dollar : The US central bank's far more modest inflation predictions, released on Wednesday,

SEBI not justified condemning DLF in conducting biz, says SAT The Securities Appellate Tribunal announced its order in favour of DLF Ltd today, according to a media report.

US unemployed data dropped to a more than six-and-a-half-year low in Feb. ECB to purchase €60 billion dollars as part of QE program nowadays. Japan’s economic system improved 0.4 % in it all one fourth.

Overseas investors have pumped in a staggering over Rs 21,000 crore in Indian capital markets since the beginning of the month owing to easing inflation and rate cut by Reserve Bank of India (RBI). Foreign Institutional Investors (FIIs)

US unemployed data dropped to a more than six-and-a-half-year low in Feb. ECB to purchase €60 billion dollars as part of QE program nowadays. Japan’s economic system improved 0.4 % in it all one fourth.

Sebi cancels Sahara’s portfolio management licence Market regulator Sebi on Friday cancelled the portfolio management licence of Sahara Asset Management (AMC). Under this business,

Aluminium futures edged higher by 0.23% to Rs 111 per kg on Tuesday after speculators enlarged positions amid pick-up in demand at spot markets. Furthermore

✍ SpiceJet shares soar 17% on CCI nod for capital infusion plan Shares of SpiceJet surged more than 17 per cent in morning trade today after fair trade watchdog CCI approv

India Budget 2015-16: Oil and Gas sector hopes for clarity on subsidy sharing formula. This is an important period in the India oil sector given the falling global crude prices.

✍ SBI Q3 net profit rises 30% to Rs 2,910 cr, NPA improves; shares surge 7% The country’s largest bank State Bank of India bucked the trend to post a 30 per cent rise in net profit

Gold gains on weak dollar and shares, still near three-week low Gold rose on Monday, rebounding from a three-week low hit in the previous session, as the dollar droppe

✍ RBI cuts SLR, allows new ‘unbreakable’ bank Fds Banks will have headroom to lend an additional Rs 42,000 crore following the RBI's move to cut SLR by 5

GOLD PRICE CONTINUE TO SLUMP AS PRECIOUS METAL SELL OF Gold continued to fall in Friday afternoon London trading, trading at three-week lows after forecast-beating US jobs

✍ FIIs inflow reaches Rs 21,000cr so far in January Overseas investors have pumped in a staggering over Rs 21,000 crore in Indian capital markets since the beginning of the month owing to easing inflation and rate cut by Reserve Bank of India (RBI).

Initial claims for state unemployment benefits dropped 43,000 to a seasonally adjusted 265,000 for the week ended Jan. 24, the lowest since April 2000, the US Labor Department

City Union Bank on Saturday reported an over 15 per cent increase in its net profit at Rs 102.70 crore for the quarter ended December 31, 2014. The bank's net profit stood at Rs 89.09 crore in t

The ECB said it would buy government bonds from this March until the end of September 2016 despite opposition from Germany's Bundesbank and concerns in Berlin that it could allow spendthrift

Stocks of SpiceJet on Friday surged nearly 10 per cent after the company returned to original promoter Ajay Singh for its revival in a multi-layered deal worth up to Rs 1,500 cr

The Swiss National Bank shocked financial markets on Thursday by scrapping a three-year-old cap on the franc, sending the currency soaring against the Euro and stocks plunging on fears for

Five things to watch out for in Infosys' Q3 earnings India's second largest information technology (IT) services company, Infosys, will detail its financial results for October-D

The US Dollar Index (DX) strengthened by 0.4 percent yesterday hit fresh nine-year highs against the other major currencies as growing expectations for an upcoming U.S. rate hike continued to boost the greenback. Further, companies added more worke

Banking stocks surged, with the Bank Nifty Index hitting a record high on hopes of faster reforms in the sector ahead of a two-day industry meet that starts on Friday.The one-of-a-kind ret

US Unemployment Claims rose to 298,000 in the last week. Chicago PMI fell to 58.3-mark in December from 60.8 levels in November. Pending Home Sales gained 0.8 percent in November as compared to a decline of 1.2 percent in October.

✍ RIL, BP, Hardy Oil give up KG block Reliance Industries (RIL), along with partners BP and Hardy Oil, has surrendered its discovered gas block KG-D3 in the Krishna-Godavari basin due to operational restrictions placed by t

Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 280,000 for the week ended Dec. 20, the Labor Department said on Wednesday. It was the lowest reading

✍ Markets end at record closing highs on rate cut hopes The Sensex and Nifty gained 1% to end at fresh record closing highs led by rate sensitive shares on hopes of a

Saudi Oil Minister Ali al-Naimi told reporters on Thursday that OPEC will not cut its oil output. "That is right," Naimi told reporters in response to a question on whether OPEC had decide

✍ Mega bank acquisition: Kotak buys ING in all-share deal In the biggest M&A in the banking sector after the global financial crisis, Kotak Mahindra Bank has agreed to

1. The minutes of the meeting released on Wednesday reflected a complex discussion at the U.S. central bank. Staff cut their estimates for near-term U.S. economic growth

Chennai-based TVS Motor today reported 6.71 per cent increase in its standalone net profit at Rs 94.81 crore for the quarter ended September. The company had posted a net profit of Rs

The Indian Rupee depreciated around 0.4 percent in yesterday’s trading session. The currency depreciated on the back of state run banks and Reserve Bank of India (RBI) buying dollars.

US Gross domestic product grew at a 3.5 percent annual rate, the Commerce Department said on Thursday, beating economists' expectations for a 3.0 percent pace.

✍ Record closing: Nifty ends at 8322, Sensex soars 519 pts The market ended at record closing levels with mighty gains. The Sensex was up 519.50 points or 1.9 percent at 27

India will attract the highest-ever inflow of foreign direct investment (FDI) in the current fiscal on the back of a slew of policy reforms announced by the new government, a senior DIPP official has said.

Thursday's U.S. Work Division information indicated to a lighter perspective, with the number of individ

✍ Coalgate verdict: Metal companies stand to lose investment; Jindal Steel to be among worst affected:

MCX - WEEKLY NEWS LETTERS ✍ INTERNATIONAL NEWS Asian markets are trading on a negative note today on the back of unfavorable economic data from the US in yesterday’s trade.

Initial claims for Unemployment benefits decreased 36,000 to a seasonally modified 280,000 for the week finished September. 13, the minimum level since July.

Moody's Investors Service has upgraded the ratings of several Tata Group companies to reflect its expectations of parental and systemic support in the case of need

Sebi censures BSE for taking late bids in NMDC sell off Market regulator Sebi on Thursday censured BSE for accepting an order of 4.55 crore shares in the divestment

Gold was a good under performer on Friday with the recording another slide backed by rising USD while weaker economic data from China lately raised worries over further demand drop for world’s largest buyer.

Payrolls handling company ADP said private-sector payrolls improved by 204,000 last 30 days after increasing by 212,000 in This summer, with gains spread across a range of sectors.

✍ JP Associates Crashes 33% in 4 Days, Loses Rs. 3,300 Crore M-Cap Shares in Jaiprakash Associates crashed to double-digit losses for a second straight sessi