Crude below $100/bbl may hasten diesel price decontrol
After consolidating for a few days, crude prices today fell below the key USD 100 per barrel mark, giving further boost to expectations that given the recent stability the rupee has witnessed, diesel prices may finally get linked to the market. The Indian government, which used to force oil... read more »
Heavy foreign buying in equity derivatives points to a big move
Overseas investors bought Indian equity derivatives worth Rs 4,122 crore on Tuesday, NSE data showed. The amount included Rs 2,853 crore worth of index options. “This kind of buying in Nifty options happened in March and April and is pointing towards a big move on the long side even from... read more »
HDFC Bank is India’s Most Valuable Brand: Report
HDFC Bank is India’s most valuable brand, according to a report released by marketing and brand consultancy Millward Brown in conjunction with communications group WPP. The BrandZ Top 50 Most Valuable Indian Brands ranking values HDFC Bank at $9.4 billion or Rs. 56,400 crore ($1=Rs. 60). HDFC... read more »
Sultan of Brunei could buy Sahara’s hotels in London and New York for...
The Sultan of Brunei could be paying the Sahara group a whopping $2.2 billion to buy all the three properties, New York’s Plaza Hotel, Dream Hotel and London’s Grosvenor House, the Wall Street Journal reported. An investment firm affiliated with the Sultan might relieve Subrata Roy of... read more »
