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| US markets snap 3-day rally on euro zone debt crisis |
 The US markets snap their 3-day rally to end in the red amid ongoing concerns over the euro zone debt crisis and as investors took a breather following the strong run-up that propelled major averages to multi-year highs. However, the indices are on pace to log their best two-month start to the year since 1991. |
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| European shares weaken as growth outlook darkens |
 The euro and European shares edged lower on Wednesday after economic data suggested the euro zone may slide back into recession, hurting the global economic outlook, while concerns about the sustainability of the latest Greek bailout deal also weighed.
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| China PMI lifts Nikkei to highest level in six months |
 Japan's Nikkei share average rose 1 percent on Wednesday to its highest in six months, boosted by news that China's manufacturing sector rose to a four-month high in February although it remained in contraction territory. |
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| World stocks cautious after Greek deal |
 The euro steadied after an initial jump and European stocks were lower after the agreement of a second bailout deal for Greece removed the threat of a disorderly bond default but left markets unconvinced it could avoid further turmoil. |
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| Nikkei fails to top 9,500, Mazda falls 10% |
 Japan's Nikkei share average dipped after failing to top the key 9,500 level on Tuesday, while Mazda Motor Corp shed nearly 10 percent on a report that it will raise $2 billion through a share issue and loans to shore up its finances. |
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| Asian stocks pare losses on Greek deal |
 The euro jumped and Asian stocks pared losses on Tuesday after euro zone policy makers agreed to a second bailout package for Greece in marathon talks that went deep into the Brussels night. |
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| Greek bailout hopes shore up markets |
 Markets were optimistic today that Greece will finally secure a massive but long-delayed international bailout, allowing the debt-crippled country to avoid defaulting on its debts next month. |
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| World stocks rise on Greek hopes, China easing |
 Shares and the euro moved higher on Monday as investor appetite for riskier assets was boosted by expectations Greece will secure a second bailout deal and after a surprise policy easing by China. |
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| Etisalat to shut shop in India |
| The Supreme Court judgment cancelling 122 licences has claimed another scalp. Etisalat has decided to shut its services in the country and is on its exit mode with its Indian partner DB Realty. |
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| Iran offers India extra crude supplies, on revised terms |
| Iran has offered India extra crude supplies, but on revised terms. India continues to import oil from Iran despite international sanctions on the Middle East oil producer. Iran has made this move amidst tightening international sanctions, the effect of which it is seeing on its oil sales. |
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| Asian stocks open weak on profit booking |
| Asian stocks kick-started on a weak note for second day as Greece's approval for a second bailout failed to spur confidence among investors. The sentiments further weakened as oil retreated from a nine-month high. |
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| BofA ML global fund managers survey reveals more investors bullish on India, EMs |
| It is good news for Indian equities! The latest survey of global fund managers by Bank of America Merrill Lynch has revealed that with rise in risk appetite, the fund managers are getting bullish on emerging markets. According to the BofA ML survey, investors have trimmed underweight position on India. Currently, net 33% of experts are underweight on India versus 66% in January. |
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| Moody's cuts Europe sovereigns; Asia trades in red |
| European stocks yesterday advanced the most in more than a week after Greek lawmakers approved austerity measures needed to get the financial rescue that the nation seeks. However, the bigger news that global markets may react to in today's trade will be that Moody's Investors Service cut the debt ratings of six European countries including Italy, Spain and Portugal. |
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| RIL signs agreement with Dassault Aviation |
| Reliance Industries will be one stock to watch in trade. The company which has already diversified into many businesses, has now signed an agreement to explore defence projects jointly with Dassault Aviation. |
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| European stocks gain as Greek leaders reach a consensus on austerity measures |
| European markets rose for the first time in four days as Greek political leaders reached a consensus on austerity measures and the European Central Bank held its benchmark interest rate at a record low. Germany's DAX, on Thursday, ended up 0.59% from the previous close. France's CAC and UK's FTSE added 0.43% and 0.33% respectively, at the closing bell. |
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| SEB Bank forecasts 50-75 bps cut in CRR, no rate cuts |
| Since the beginning of year 2012, global and domestic markets has been rallying. Does that mean the crisis in the Eurozone is over? Experts say that the region does has a recession, but it is not getting that credit crunch. |
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| US stocks rise, S&P 500 at seven-month high |
| And Greece continues to be the focus in the US too. Wall Street advanced on Wednesday, as Greek Prime Minister Lucas Papademos began talks with political leaders on terms required for a bailout. |
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| Team Barasat turns out to be most expensive team in Premier Leagues Soccer |
| Cricket is undoubtedly India's craze, but it might face some competition from the world's craze - soccer! Giving the Indian Premier League (IPL) a fight and just making an entry is the Premier League Soccer (PLS); which has many big names bidding whopping sums for football players from world over.
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| TCS, Mitsubishi Corp form joint venture worth 350 mn yen |
| Mitsubishi Corp and India's Tata Consultancy Services have established a joint venture in Tokyo that will provide information technology services to help Japanese companies expand overseas operations. Capitalised at 350 million yen, the new firm will develop and operate enterprise resource planning systems and offer cloud computing services. |
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At 7: 43 am (IST), Asian markets were trading lower.
Asian markets lost momentum on Wednesday as investors worried about the realities of Athens restructuring its debt, the fragility other euro zone states and rising oil prices.
At 7: 42 am (IST), Asian markets were trading lower.
Asian stocks and the euro faltered on Tuesday, as a rally that had been driven by expectations of a second bailout package for Greece ran out of steam with a deal still not quite sealed.
Markets head into the week ahead on a tentative note, even as Greece looks set to get its bailout funds.