Corporate

Fresh weakness likely below 17,055

Rex Cano / Mumbai December 09, 2009, 9:22 IST The markets rallied smartly in the second half of the day backed by news of fresh government spending. The government yesterday announced that it planned an additional Rs 25,725 cr in public expenditure.

UBS aims for $14.9 billion pre-tax profit in 3-5 years

UBS AG said it aims to reach 15 billion Swiss francs ($14.9 billion) in annual pretax earnings in three to five years, as Chief Executive Officer Oswald Gruebel rebuilds Switzerland’s largest bank after record losses.

Industry wants stimulus to continue till September

Captains of Indian industry have urged the government to continue the stimulus package till the middle of the next financial year (2010-11) to help the economy achieve robust growth.

Indian stocks may fall 30% on valuation, says Faber

With the PE ratio up three times since November last year, valuations are far from cheap.

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