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Indian shares fall on mixed Asia; Karachi rises

Indian shares fall on mixed Asia; Karachi rises Indian shares fell nearly 1 percent on Tuesday to end below the 12,000 mark as investors took profits after five sessions of gains and on mixed Asian markets ahead of a U.S. Federal Reserve meeting on Wednesday. The Federal Reserve is widely expected to keep interest rates unchanged, but investors will look for clues on future rate policy. A slew of U.S. economic data is also expected this week. The key 30-share BSE index ended down 0.84 percent at 11,970.47 points. Losers beat gainers 1,582 to 924 on trade of 230 million shares. Heavyweight Reliance Industries

Indian shares fall on weak Asia

Indian shares fall on weak Asia Indian shares fell more than 1 percent in early Friday deals on weak Asian markets, as investors digested a three-day rally and refrained from taking long positions ahead of the weekend. At 11:09 a.m. the 30-issue benchmark BSE index was 0.88 percent lower at 11,867.95 points, having traded in a 130-point band. It had rallied 3.6 percent, or 422 points, in the past three days. Sentiment was lacklustre in the broader market, with 644 stocks gaining compared with 1,415 that lost ground. Total volume stood at 57.9 million shares. More : in.today.reuters.com

KCCI, BCCI sign EU Asia investment tripartite pre-project agreement

KCCI, BCCI sign EU Asia investment tripartite pre-project agreement KARACHI, November 29 (Online): Karachi Chamber of Commerce and Industry (KCCI) and Birmingham Chamber of Commerce and Industry (BCCI) signed EU Asia Investment Tripartite Pre-project Agreement at a local hotel here on Monday. President KCCI Haroon Farooqi, BCCI Head Jonathan Weber and BBCI Chief Executive Officer Sue Battle signed the agreement in presence of Deputy Head of Mission British Deputy High Commission Karachi Ron Rimer and Consul General of Italy in Karachi Bruno Pasquino. The project launched under tri-partite agreement between UK, Pakistan and Italy will be completed in two years. The

Indian shares up 1 pct on firm Asia

Indian shares up 1 pct on firm Asia Indian shares rose on Thursday, tracking mostly firm Asian markets, as investors bought software firms and auto makers, but high oil prices and worries about firmer interest rates appeared to cap the upside. Oil hovered under $76 a barrel as a tropical storm strengthened and headed toward the Gulf of Mexico. That boosted shares of Oil and Natural Gas Corp. more than 1 percent to 1,206.70 rupees. Drug maker Ranbaxy Laboratories Ltd. jumped more than 4 percent to 392.75 rupees after a U.S. federal appeals court invalidated a secondary Pfizer patent, paving the way for an

Googly point: Asia Cup put off for now

Googly point: Asia Cup put off for now MUMBAI: The Asia Cup limited overs tournament, slated to be held in Pakistan from February 14 to 28 next year, has been put off indefinitely, the Indian Cricket Board announced on Sunday. Making the announcement, BCCI president Sharad Pawar told reporters that it would now be rescheduled at a “later mutually convenient date”. “I had a meeting today with the Pakistan Cricket Board chairman Shaharyar Khan and we took a few decisions. One of these was to postpone the Asia Cup to a future mutually convenient date,” Mr Pawar said. Consequent to this