United Continental Holdings Inc,the world's biggest airline,reported a lower-than-expected quarterly profit on Thursday as revenue fell and expenses rose.
Biogen Idec Inc reported much higher-than-expected third-quarter profit on Thursday.
We maintain our buy rating on Axis Bank with a 12-month price target of R1,400 based on FY14e P/BV of 1.9x. We value Axis Bank on a two-stage residual income model.
We maintain our buy rating on DLF with a 12-month price target of R280,which is based on a 30% discount to our NAV of R400.
Last week's flash crash,which sent the benchmark Nifty crashing by 900 points,has not gone down well with the regulators and exchanges.
Leading stock exchange BSE today said it has decided to hike the power charges levied on its member brokers and other tenants using its premises.
Shares in infrastructure companies gained as government continues its push to bolster infrastructure sector.
A burst of policy reforms unleashed by the government since the middle of last month saw the index scaling 17-month high yesterday.
Britain's benchmark share index rose on Wednesday.
The Dow Jones industrial average gained 12.25 points,or 0.09 percent,to 13,494.61 at the close.
The Dow Jones industrial average was down 32.83 points,or 0.24 percent,at 13,482.28.
Sebi has closed the case against Park Continental after the company agreed to pay Rs 1.50 lakh.
Continued buying by foreign funds also helped the 30-share Sensex to land the week in green.
Gains by bank and mining stocks helped lift Britain's benchmark share index on Thursday.
The Royal Bank of Scotland acquired 50 lakh shares of SKS Microfinance for a little over Rs 58 crore.
Britain's top share index rose on Tuesday.
The Dow Jones industrial average was down 101.37 points,or 0.75 percent,at 13,457.55.
Shares of UB group firms,surged as much as 20 per cent after United Spirits said UK-based Diageo Plc is in talks to buy stake in the Vijay Mallya owned firm.
Market regulator Sebi has approved a proposed hike of the government's stake in IFCI Ltd to 55.57 per cent to make it a state-run company,without triggering an open offer for shares of public investors.
Britain's top share index fell on Monday.
The Dow Jones industrial average declined 20.55 points,or 0.15 percent,to close at 13,558.92.
Tech Mahindra and Satyam forecast: 15% EPS CAGR for FY12-15.
Financial companies with insurance units surged on on hopes that the government will increase FDI limit to 49%.
JP Morgan upgraded the stock to overweight from neutral and raised its target price.
The Dow Jones industrial average closed down 54.90 points at 13,035.94.









