As far as India’s equity market is concerned, he said that the Sensex may bottom-out at the 12,000-16,000 level. “Rupee seems to be oversold in the near term. If the rupee depreciates by 10-20 per cent in the near term, it will also help the market,” he a
Diversified business group Videocon Industries on Wednesday reported a 69.81 per cent dip in standalone net profit at Rs 50.32 crore for the quarter ended March 31, 2012.The company had posted a net profit of Rs 166.69 crore in the same period of previous fiscal, Videocon Industries said in a filing to the BSE.The total standalone total income from operations stood at Rs 2,996.31 crore for the quarter against Rs 3,115.76 crore in the...