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  • Zee Media Corporation posts Q3 loss of Rs 182 crore - Total income from operations stood at Rs 155.91 crore in the quarter under review as against Rs 194.22 crore.
  • BSE to introduce futures contracts on aluminium, zinc from Jan 27 - Earlier this month, the exchange had announced introduction of future contracts on brent crude from the same day.
  • Cholamandalam Investment Q3 profit up 28% at Rs 389 crore - Total income of the company rose to Rs 2,274.90 crore from Rs 1,826.23 crore.
  • China virus scare, disappointing earnings drive Wall St lower - Fears of the virus outbreak hitting the global economy have knocked world stock markets off record highs this week.
  • PNB shelves plan to sell housing finance unit - PNB's holding in PNB Housing is set to fall to around 27.5% from the current 32.43% when the later issues fresh shares to raise about Rs 1500 crore. PNB will not subscribe to the issue.
  • Scope for meaningful rate cuts going ahead: Neelkanth Mishra - Neelkanth Mishra Credit Suisse' Neelkanth Mishra expects repo rate to fall to a decade low in the coming quarters. He says that beginning December the market may see a robust and widespread pick-up which may boost indices.
  • Asian stocks, gold slide on stimulus end prospects - Asian stocks, gold slide on stimulus end prospects SINGAPORE (Reuters) - Asian shares and gold retreated on Wednesday and bond yields were near two-week highs after markets were rattled by a report flagging the possible withdrawal of global stimulus measures.
  • Cautiously optimistic on India; eyeing earnings revival: Sanger - Arvind Sanger Global liquidity tailwinds are unlikely to get any better from now and that makes Arvind Sanger, Managing Partner at Geosphere Capital Management “cautiously optimistic” on the Indian markets.
  • Expect H2 biz pickup to push up steel demand by 4-5%: JSPL - Ravi Uppal In the first 6 months of the year, steel demand grow by just 0.5 percent, and now with the end of monsoon business activity with pick pace in the second half which is likely to push up steel demand by 4-5 percent for the year, said Ravi Uppal, Chief Executive and Managing Director of JSPL.
  • Expect rupee to trade lower: Pramit Brahmbhatt - Pramit Brahmbhatt The rupee is expected to trade lower within a range of 66.50-67/USD, says Pramit Brahmbhatt, Veracity.
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  • India seeks to speed up foreign deals with 'one-stop shop' - The Finance Ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in foreign direct investments and share purchases, two government sources said.
  • Why auctions for power projects don?t work in India - In the last 10 years, India has discovered auctions for itself. All kinds of public resources (such as 3G spectrum) or contracts (such as power purchase agreements, PPAs) are auctioned off.
  • Rupee ends 21 paise lower vs US dollar; snaps 3-day winning run - The rupee snapped its three-day winning spree against the American currency by falling 21 paise to 63.72 on fresh dollar demand from banks and importers in view of a firm dollar in the overseas market.
  • Late surge drives Nifty above 8,350, Sensex ends up 363 points - After consolidating for second straight day, late surge drove market on higher levels. The Sensex was up 363.30 points or 1.3 per cent at 27687.30 while the Nifty ended up 111.30 points or 1 per cent at 8373.65.
  • CNG price to be increased by 45 paise per kg in Delhi, piped cooking gas in NCR - The applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 27.05 per scm, which is being increased from existing Rs 26.55 per scm.