Evening Wrap: Top headlines as week begins

Written By Unknown on Senin, 05 Agustus 2013 | 21.03

Here are the key headlines of the day:

Sensex gains marginally; Jindal Steel up 8%, NTPC adds 4%

The Sensex ends the day at 19182.26, up 18.24 points while the Nifty ends up 7.50 points at 5685.40.

India service sector PMI falls to lowest since April 2009

Companies in India's vast services sector suffered a fall-off in activity for the first time in nearly two years in July, according to a survey released on Monday, hurting chances for a recovery in growth in Asia's largest economy.

Indian stock mkt close to exiting elite trillion-USD club

As downward pressure continues on rupee and share prices, India has moved dangerously close to slipping out of the elite 14-member global league of stock markets having a trillion-dollar valuation.

IT hiring could come down by 17% this fiscal: Nasscom

Rising automation and low attrition in IT sector may act as a dampener for job seekers with industry body Nasscom expecting hiring to decline by up to 17 percent to 1,50,000 in the current fiscal.

FDI into India rises 24% to $ 3.95 bn in April-May

Foreign direct investment (FDI) into India increased by 24.2 percent year-on-year to USD 3.95 billion in April-May, Parliament was informed today.

JSW Steel's crude steel production rises 47% in July

JSW Stee said it produced 9. 91 lakh tonne of crude steel in July, up 47 percent year-on-year from its three manufacturing units at Vijayanagar, Salem and Dolvi.

NSEL mess: Jignesh Shah assures trade settlement in 5 mnths

It could take about five months for investors awaiting payout on the National Spot Exchange (NSEL), to get their money, said Financial Technologies founder Jignesh Shah at a press conference in Mumbai.

CIL's Mozambique mines exploration may be completed in 2014

The government today said the exploration programme of Coal India's (CIL) twin mines in Mozambique is likely to be completed by middle of next year, subsequent to which future strategies for the development of blocks will be decided.

Earnings Today

Punj Lloyd reports Rs 40.41 cr profit in June qtr

PFC June quarter profit surges to Rs 1,198 crore

HSBC profit rises but revenue hit by muted economic growth

TV Today Network locked at 20% upper circuit on Q1 earnings

By: Team Moneycontrol



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