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Moneycontrol News Archive : 24 January, 2005

  • NDMC to move court against Reliance Energy

    24th January, 2005 20:20

    New Delhi Municipal Council will go to court to stop Reliance from distributing power in New Delhi.

  • Railways must not depend on Budget: Montek

    24th January, 2005 20:07

    The Railways cannot depend solely on the General Budget for expansion and must get the private sector to finance projects that can pay for themselves, says Montek

  • Third amendment to Patents Act in the offing

    24th January, 2005 19:13

    Commerce Ministry officials are willing to take a re-look at the definition of patentablity, as far as new use of a molecule is concerned.

  • Analysts bullish on FMCG, HDFC, M&M...

    24th January, 2005 18:17

    Analysts say hold HDFC and HDFC Bank. They are positive on M&M, while they find TCS, Infosys looking weak. FMCG as a basket however, could outperform the market.

  • L&T margin to exceed 12% next quarter

    24th January, 2005 18:07

    According to A M Naik, CMD of Larsen & Toubro, next quarter their margin will be more than 12% because many of their projects will get completed by that time.

  • Anil Ambani wants RIL to control Rel Info

    24th January, 2005 17:47

    Anil Ambani's 500-page report on corporate governance wants Reliance to control Reliance Infocomm.

  • Asia closes on a mixed note

    24th January, 2005 17:11

    The Asian markets closed mixed today even as the Nikkei index snapped a four-day losing streak.

  • F&O side sees good rollover prior to expiry

    24th January, 2005 16:47

    There was healthy rollover witnessed on the F&O segment today, just two days before the expiry of the January series. Nifty futures were trading at a premium of 2

  • IOB sees significant growth in NII ahead

    24th January, 2005 16:41

    Despite disappointing street expectations, IOB is optimistic about the last quarter.

  • TRAI to reply to MTNL petition: TDSAT

    24th January, 2005 16:24

    Telecom tribunal, TDSAT, directed the Trai, to file a reply by January 26 on a petition made by MTNL challenging the regulator's new levy regime, which could resul

  • Tractor sales drive M&M Q3 profits

    24th January, 2005 16:15

    Mahindra & Mahindra have successfully weathered rising material costs by controlling infrastructure and personnel costs. CFO & ED, M&M says that till the budget, t

  • Radico Khaitan Q3 net up 59.85%

    24th January, 2005 16:14

    Radico Khaitan net profit for Q3FY05 is up 59.85% from Rs 6.85 crore to Rs 10.95 crore. Its revenues are up 36.43% from Rs 196.31 crore to Rs 267.83 crore.

  • Marico Q3 net is up 20% at Rs 17.7 cr

    24th January, 2005 16:04

    Marico Q3 net profit is up 20% at Rs 17.7 crore year-on-year, while turnover is up 12% at Rs 260 crore.

  • TRAI serves show cause to Hutch, BPL

    24th January, 2005 16:00

    The telecom regulator, Trai has served show cause notice to Hutch, BPL, and Shyam for not submitting accounting statements as per Trai order.

  • Rel Info awaits frequency allocation by DoT

    24th January, 2005 15:51

    Reliance Infocomm is awaiting frequency allocation by DoT and WPC wing to roll out third generation (3G) mobile services that will enable data transfer speed of up

  • Chennai Petro Q3 net down 15.94%

    24th January, 2005 15:27

    The third quarter net profit for Chennai Petro is down 15.94% to Rs 88.26 crore from Rs 105 crore in the corresponding quarter last year.

  • GIPCO Q3 net up 212%

    24th January, 2005 15:07

    Gujarat Industries Power has posted a net profit of Rs 23.2 crore for the quarter ended December 31, up 212% as compared to Rs 7.43 crore in the corresponding quar

  • Short term stoploss at Rs 58 for Eveready

    24th January, 2005 15:04

    Analyst Prakash Gaba feels short term strategy should be competely different from investment strategy, a advises stoploss at Rs 58 in Eveready.

  • Watch out, service tax will hit your premium!

    24th January, 2005 14:57

    From April 1, this year, service tax is here to stay with the risk component of the premium being targeted by the tax.

  • Federal Bank net profit down 66%

    24th January, 2005 14:53

    Federal Bank net profit is down 66.24% year-on-year at Rs 12.01 crore, while net interest income is up 18.34% at Rs 129 crore.

  • Indo Gulf Fertilizers Q3 net down 23%

    24th January, 2005 14:51

    Indo Gulf Fertilisers has posted a net profit of Rs 17.8 crore for the quarter ended December 2004, down 23% as compared to Rs 23.1 crore in the corresponding quar

  • Canara Bank slips post results

    24th January, 2005 14:46

    Canara Bank has slipped 4.53% to Rs 195 by 2:25 pm after the bank announced results today.

  • Buy Tisco if it comes down to Rs 320: Gaba

    24th January, 2005 14:43

    According to technical analyst, Prakash Gaba, one should buy Tisco if it comes down to Rs 320 levels and Sail around Rs 48.

  • Buy Uttam Galva at supports: Gaba

    24th January, 2005 14:39

    According to technical analyst, Prakash Gaba, one should buy Uttam Galva at supports. He also said that the support may be at Rs 25-28 or Rs 34.

  • Century Textiles net up 254% at Rs 31.86 cr

    24th January, 2005 14:36

    Century Textiles net profit is up 254% at Rs 31.86 crore compared to Rs 9 crore in the corresponding quarter last year.

  • Market down: Stocks decline across the board

    24th January, 2005 14:33

    The markets are trading lower following selling pressure in most of the bank, technology, media, and oil stocks. Selective metal shares however have firmed up.

  • M&M net up 52.15% at Rs 133 crore

    24th January, 2005 14:22

    Mahindra and Mahindra has registered a net profit up 52.15% at Rs 133 crore. Its sales are up 33.53 % to Rs 1772 crore.

  • IOB Q3 net profit up 13.52%

    24th January, 2005 14:12

    IOB Q3FY05 net profit is up 13.52% at Rs 161.21 crore. Net interest income is up 13.85% at Rs 474.67 crore.

  • Robust refining root of RIL profit: Irani

    24th January, 2005 13:08

    Refining, polyester and retailing are signs of a more robust growth from the Reliance stables, says Reliance watcher Jal Irani, of ICICI Securities.

  • Analysts positive on Reliance Industries

    24th January, 2005 12:59

    Analysts, Deepak Mohoni and Dipan Mehta are bullish on Reliance Industries.

  • Dabur India, top gainer on the Nifty

    24th January, 2005 12:56

    Dabur India is the top gainer on the Nifty. It has touched an intraday high of Rs 92.35. At 12:31 pm the share is quoting at Rs 91.80, up Rs 3.85, or 4.38%.

  • VSNL slips lower

    24th January, 2005 12:52

    Videsh Sanchar Nigam, VSNL, has touched an intraday low of Rs 205.70. At 12:32 pm the share is quoting at Rs 206.55, down Rs 7.20, or 3.37%.

  • Bose positive on cement over medium term

    24th January, 2005 12:35

    Technical analyst, Rajat Bose, is positive on the cement stocks over the medium and long term.

  • ITC below Rs 1339 is a worry: Bose

    24th January, 2005 12:28

    According to technical analyst, Rajat Bose, there is no reason to worry unless ITC falls below Rs 1339.

  • Sell Wipro on a rally: Bose

    24th January, 2005 12:20

    Technical analyst, Rajat Bose, is quite circumspect in Wipro and might even sell it on a rally.

  • Mahavir Spinning Q3 net profit down 2.7%

    24th January, 2005 12:13

    Mahavir Spinning Q3FY05 net profit is down 2.7% from Rs 19.41 crore to Rs 18.80 crore year-on-year. Net sales are up 18.3% from Rs 284.2 crore to Rs 336.31crore.

  • Bank of India among big losers

    24th January, 2005 12:10

    Bank of India has touched an intraday high of Rs 78.55 and an intraday low of Rs 73. At 11:43 am the share is quoting at Rs 74.90, down Rs 5.2, or 6.49%.

  • Vardhman Spinning Q3 net profit up 21.4%

    24th January, 2005 11:59

    Vardhman Spinning Q3FY05 net profit is up 21.4% from Rs 12.3 crore to Rs 10.2 crore year-on-year. Net sales are up from Rs 175.4 crore to Rs 176.75 crore.

  • Markets weak: Bank & tech shares down

    24th January, 2005 11:53

    The markets have drifted lower following the weakness in most of the bank and technology shares. Several index heavyweights are trading lower dragging the market d

  • Bagchi says, buy ITC at every dip

    24th January, 2005 11:43

    Bagchi said that he will continue to buy ITC at every dip because they seem to be fairly sensible in investing their cash flows.

  • Vardhaman to grow on capex, steel

    24th January, 2005 11:42

    The spinning mills are looking to optimise on both their spinning mills as well as the steel business. There are no capacity expansion plans for the steel arm, des

  • RCF Q3 net slips 3.4% to Rs 29.53 cr

    24th January, 2005 11:35

    RCF net profit has slipped by 3.4% to Rs 29.53 crore, while total income has increased by 44% to Rs 776.48 crore.

  • Eicher on a losing spree

    24th January, 2005 11:31

    Eicher has touched an intraday high of Rs 110.95 and an intraday low of Rs 103. At 11:11 am the share is quoting at Rs 107, down Rs 5.95, or 5.27%.

  • Mukta Arts spirals down

    24th January, 2005 11:29

    Mukta Arts has touched an intraday high of Rs 65.90 and an intraday low of Rs 58. At 11:11 am the share is quoting at Rs 58.50, down Rs 8.30, or 12.43%.

  • Credit growth helps Corp Bank margins

    24th January, 2005 11:23

    Corporation Bank's Q3 results have beaten the street on substantial credit growth and recovery of NPAs. The bank is hoping to improve its net interest margins to a

  • Matrix Labs loses ground

    24th January, 2005 11:14

    Matrix Laboratories has touched an intraday high of Rs 189.90 and an intraday low of Rs 169. At 10:53 am the share is quoting at Rs 172.70, down Rs 26.40, or 13.26

  • Tata Power, top loser on the indices

    24th January, 2005 11:00

    Tata Power Company is the top loser on the indices. It has touched an intraday low of Rs 345.35.

  • F&O data suggests Nifty slide to 1850 in Feb

    24th January, 2005 10:54

    F&O data says, while the 1900 level is a good support for the Nifty now, the index will slip to around 1850 within 15-20 days. Analysts suggest a long straddle pos

  • HDFC Q3 net expected up 18% at Rs 215.9 cr

    24th January, 2005 10:43

    CNBC-TV18 poll sees HDFC net profit up 18.12% at Rs 215.93 crore, while net interest income is seen rising by 14.63% to Rs 309.40 crore.

  • EID Parry on a roll

    24th January, 2005 10:40

    EID Parry has touched an intraday high of Rs 439 and an intraday low of Rs 420. At 10:11 am the share is quoting at Rs 436, up Rs 27.35, or 6.69%.

  • HCL Technologies net seen at Rs 162cr

    24th January, 2005 10:37

    CNBC-TV18 poll sees HCL Technologies net profit marginally up at Rs 162 crore, while revenues are expected to rise 6% to Rs 829.4 crore.

  • BPCL Q3 net expected down 51.71%

    24th January, 2005 10:26

    A poll conducted by CNBC-TV18 expects BPCL Q3FY05 net profit to fall 51.71% quarter-on-quarter to Rs 233.86 crore (Rs 2.33 billion). Net sales are expected to incr

  • Maruti Q3 net expected up 42.9%

    24th January, 2005 10:16

    Marutiís net profit is expected to be up 42.9% at Rs 201.1 crore from Rs 140.75 crore.

  • Corporation Bank Q3 net soars 43%

    24th January, 2005 10:12

    Corporation Bank net profit is up 43% at Rs 161.69 crore YoY, while net interest income at Rs 275.86 crore, has been lower than what the street expected.

  • Analysts cautious on Dena Bk's public issue

    24th January, 2005 09:59

    Dena Bankís second public issue opens today, but analysts are cautious. Up to 8 crore shares are being offered, at an issue price of Rs 27 per share. The bank is "

  • Govt appoints TS Vijayan as third LIC MD

    24th January, 2005 09:49

    The government has approved the appointment of a third managing director for the Life Insurance Corporation of India.

  • Godrej Consumer Q3 net profit up 45%

    24th January, 2005 09:36

    Godrej Consumer Products Q3FY05 net profit is up 45% from Rs 17.94 crore to Rs 26.02 crore year-on-year. Net sales are up 20% from Rs 128.26 crore to Rs 153.48 cro

  • Crude rises on back of cold US weather

    24th January, 2005 09:23

    Crude oil futures in New York rose after a snowstorm in the US NorthEast. Forecasts of more bad weather boosted heating-fuel demand.

  • Money Calls: Anand, Lasrado

    24th January, 2005 09:12

    Rupee expected to go beyond 43.80 and witness some exporter selling if the euro continues to stay over 1.30 levels, says Lasrado.

  • Equity Calls: Bhambwani, Baliga, Mutha

    24th January, 2005 09:07

    Markets look choppy for the day, with selling pressure expected to come in at higher levels, says Mutha.

  • India may offer equity & loan to Rosneft

    24th January, 2005 20:11

    The government is considering a proposal to offer a mix of loan and equity to state-owned Russian company Rosneft for a stake in the Yukos assets, which it had bou

  • Commodities bull-run to continue: Rogers

    24th January, 2005 19:50

    High profile investment banker Jim Rogers said that the bull run in commodities will continue for many years.

  • Keep obesity out of a child's lunch box

    24th January, 2005 18:43

    Here are some tiffins tips to give your child a headstart on good living.

  • Uncovered: Mattress that's more pain than gain

    24th January, 2005 18:12

    It was not just their mattresses. Even the manufacturer - Frontier Trading - turned out to be full of hot air. A story of why people lost their sleep despite havin

  • Dwarikesh Sugar expects sweeter gains in Q4

    24th January, 2005 18:05

    Dwarikesh Sugar says it will better its performance in the next quarter, and has an ambitious Rs 38.5 crore capacity expansion drive lined up.

  • Capacity expansion to boost Samtel exports

    24th January, 2005 17:21

    The picture tube manufacturer has clear priorities defined, with expansion in capacity, a good mix of products and focus on high-end export markets.

  • Syndicate Bk losses due to high provisioning

    24th January, 2005 16:47

    Syndicate Bank has posted a net loss of Rs 78 crore (Rs 781 million) in the third quarter of the current fiscal due to higher provisioning and lower other income.

  • Rupee to take direction from Fed, G7 meeting

    24th January, 2005 16:42

    Rupee ended firm, while bonds weakened on lack of fresh triggers.

  • Titan Industries Q3 net surges 92%

    24th January, 2005 16:26

    Titan Industries has posted a net profit of Rs 5.72 crore for the quarter ended December 31 up 92% as compared to Rs 2.98 crore in the corresponding quarter last y

  • Markets to hold at 1900 Nifty till Thursday

    24th January, 2005 16:23

    The markets have closed weakly. Analysts say, they are likely to hold on at the current levels, and take a positive direction only after the F&O expiry on Thursday

  • Market ends weak: Sensex tests 6100

    24th January, 2005 16:15

    The Sensex tested 6100 as stocks across the board declined. Most of the bank technology, media, and oil stocks lost ground but select metal and FMCG stocks gained.

  • Kotak Mahindra Bank Q3 net down 1.92%

    24th January, 2005 16:09

    Kotak Mahindra Bank third quarter net is down 1.92% to Rs 43.43 crore.

  • Sesa Goa flares to 52-week high

    24th January, 2005 16:01

    Sesa Goa has touched a 52-week high of Rs 1,143 on fresh buying. At 3:27 pm the share is quoting at Rs 1,135, up Rs 104.85, or 10.18%.

  • Reliance Infocomm to cut tariff from Feb 1

    24th January, 2005 15:59

    Reliance Infocomm will cut tariff rates for pre-paid as well as post-paid subscribers from February 1, following reduction of the ADC, by telecom regulator, Trai.

  • Kochi Refineries Q3 net up at Rs 288.7cr

    24th January, 2005 15:40

    Kochi Refineries third quarter net is up 163% at Rs 288.7 crore. Its Q3 total income is up 46.69% at Rs 3602.9 crore (Rs 36.02 billion).

  • IDBI eases post swap ratio announcement

    24th January, 2005 15:24

    IDBI has eased 6.88% after the ratio for the merger of the IDBI Bank with IDBI was announced after trading hours on Thursday.

  • Syndicate Bank plunges as results disappoint

    24th January, 2005 15:04

    Syndicate Bank has plunged 8.16% to Rs 48.40 on strong selling pressure after the bank posted dismal results today.

  • Tech Toyz: Creative Jukebox Zen Nomad Xtra

    24th January, 2005 15:00

    Priced as much as the I-Pod, this Jukebox is an impressive package with easy navigation and a 30GB hard disk space.

  • Bank of Punjab could go up to Rs 65: Gaba

    24th January, 2005 14:54

    Analysts Prakash Gaba is positive on Bank of Punjab. He says the signs are positive, and there is going to be definite support at Rs 30 to Rs 29 levels.

  • Book profit in Glenmark; re-enter later

    24th January, 2005 14:53

    According to technical analyst, Prakash Gaba, one should first lock into profits in Glenmark Pharma and and re-enter again at supports.

  • Hold Upper Ganges with stoploss at Rs 173

    24th January, 2005 14:50

    Analyst Prakash Gaba is positive on Upper Ganges.

  • Canara Bank Q3 net down 26%

    24th January, 2005 14:46

    Canara Bank net profit is down 26.49% year-on-year at Rs 273.98 crore, while net interest income is up 7.4% at Rs 756.65 crore.

  • MRPL Q3 net soars 627% to Rs 288cr

    24th January, 2005 14:41

    MRPL net profit has soared 627.5% year-on-year to Rs 288.39 crore, while total income is up 56.23% to Rs 5032.89 crore.

  • Tech Toyz: Zen Portable Media Center

    24th January, 2005 14:39

    With its 20 GB disc space, the Creative Zen Media Center is worth a dekko!

  • MRPL spurts as Q3 net zooms

    24th January, 2005 14:35

    MRPL has spurted 7.04% to Rs 50.20 on strong third quarter numbers announced today.

  • Arvind Mills has strong support at Rs 102

    24th January, 2005 14:28

    According to technical analyst, Prakash Gaba, Arvind Mills has strong support at Rs 102.

  • Maruti in top gear post robust results

    24th January, 2005 14:15

    Maruti Udyog has geared up 3.65% to Rs 409 on strong buying after the company announced robust Q3 results today. It is the top gainer on the Sensex.

  • HDFC slumps ahead of results

    24th January, 2005 14:02

    HDFC is down 4.06% at Rs 732.50 on selling pressure ahead of results to be announced today.

  • Pidilite Q3 net up 32.5% at Rs 16.78 cr

    24th January, 2005 13:00

    Pidilite Industries has posted a 32.53% rise in net profit at Rs 16.78 crore, while net sales grew 24.1% to Rs 206.74 crore.

  • Maruti Udyog Q3 net zooms 70.7%

    24th January, 2005 12:59

    Maruti Udyog Q3FY05 net profit has zoomed 70.7% from Rs 140 crore to Rs 239 crore year-on-year.

  • Dwarikesh Sugar in black, net at Rs 5.66cr

    24th January, 2005 12:55

    Dwarikesh Sugar has notched a net profit of Rs 5.66 crore as against a net loss of Rs 1.12 crore year-on-year.

  • Syndicate Bank posts net loss of Rs 78 cr

    24th January, 2005 12:41

    Syndicate Bank registered a net loss of Rs 78.1 crore year-on-year on the back of higher provisioning and lower other income.

  • Man Industries perks up on order news

    24th January, 2005 12:28

    Man Industries has touched an intraday high of Rs 109 and an intraday low of Rs 94. At 12:09 pm the share is quoting at Rs 106.50, up Rs 11.95, or 12.64%.

  • SAB net profit dips 34% to Rs 42.66 lakh

    24th January, 2005 12:27

    Sri Adhikari Brothers net profit has slumped 34.26% year-on-year on the back of 20.42% fall in production revenues. Net sales are down 9.41% at Rs 14.16 crore.

  • Bose cautious in Satyam Computers

    24th January, 2005 12:16

    Technical analyst, Rajat Bose, is very cautious in Satyam Computers at this point in time.

  • Bose positive on engineering, capital goods

    24th January, 2005 12:12

    According to technical analyst, Rajat Bose, engineering and capital goods sectors are looking very encouraging.

  • Torrent Pharma trading weak

    24th January, 2005 12:08

    Torrent Pharmaceuticals has touched an intraday high of Rs 502 and an intraday low of Rs 484.15. At 11:43 am the share is quoting at Rs 485, down Rs 51.45, or 9.59

  • Union Bank sees credit growth continuing

    24th January, 2005 11:55

    Union Bank of India is confident that its net interest income will grow in the coming quarters. The bank has not ruled out transference of gilts to the 'hold for m

  • Tech is a steady sector, says Bagchi

    24th January, 2005 11:47

    According to Anup Bagchi of ICICI Direct, technology is a steady sector.

  • Andhra Bank Q3 net seen up 22%

    24th January, 2005 11:43

    CNBC-TV18 poll sees Andhra Bank net profit up 22% at Rs 114.10 crore, while net interest income is seen rising by 14.47% to Rs 270.75 crore.

  • Hold ACC for 7-15 days: Bagchi

    24th January, 2005 11:41

    Anup Bagchi of ICICI Direct, will not buy ACC now and will hold on for another 7-15 days.

  • PSU banks can undergo a correction: Bagchi

    24th January, 2005 11:35

    Anup Bagchi of ICICI Direct, will not buy PSU banking stocks because they can undergo a correction.

  • Bagchi neutral in the IT sector

    24th January, 2005 11:30

    Anup Bagchi of ICICI Direct, is neutral in the IT sector and will not put any additional money there.

  • Samtel Color Q3 net jumps 157%

    24th January, 2005 11:24

    Samtel Color net profit has soared 157.25% to Rs 20.86 crore, while net sales have increased 2.2% to Rs 239.4 crore.

  • Watch out for 6225-6250 levels: Bagchi

    24th January, 2005 11:19

    According to Anup Bagchi of ICICI Direct, 6225-6250 is the level to watch out for.

  • Finolex Cables net up 23% at Rs 8.85 cr

    24th January, 2005 11:07

    Finolex Cables net profit has increased 23% to Rs 8.85 crore YoY, while total income has surged 26% to Rs 141.12 crore.

  • REL gets distribution license for Delhi

    24th January, 2005 11:00

    Reliance Energy has got the government's nod for a new distribution licence in Delhi.

  • L&T net profit up 31% at Rs 132 crore

    24th January, 2005 10:50

    Larsen & Toubro net profit is up 30.6% at Rs 132 crore YoY, while net sales have soared 36% to Rs 3230 crore.

  • K Sera Sera puts on a good show

    24th January, 2005 10:42

    K Sera Sera has touched an intraday high of Rs 94.50 and an intraday low of Rs 92. At 10:12 am the share is quoting at Rs 93.50, up Rs 3.55, or 3.95%.

  • Mazda Controls posts early gains

    24th January, 2005 10:38

    Mazda Controls has touched an intraday high of Rs 54 and an intraday low of Rs 48. At 10:09 am the share is quoting at Rs 51.75, up Rs 6.20, or 13.61%.

  • Saurastra Cement firms up

    24th January, 2005 10:34

    Saurastra Cement has touched an intraday high of Rs 34 and an intra day low of Rs 34. At 10:09 am the share is quoting at Rs 34, up Rs 5.20, or 18.06%.

  • Bank of India Q3 net plunges 67%

    24th January, 2005 10:23

    Bank of India net profit is down 67% at Rs 75.03 crore YoY, while net interest income has risen by 3.93% to Rs 619 crore.

  • Markets choppy in opening trade

    24th January, 2005 10:13

    The market after opening on a positive note has slipped into the red. Weakness is seen in the FMCG, pharma, technology, and bank stocks but select cement & metal s

  • M&M Q3 net seen up 25.2%

    24th January, 2005 10:11

    CNBC-TV18 poll has estimated the Q3 profit after tax figure 25.2% up at Rs 123.86 crore.

  • Polaris Q3 net profit down 21% at Rs 19.3 cr

    24th January, 2005 09:56

    Polaris Q3 net profit has slumped 21% quarter on quarter to Rs 19.32 crore, while revenues have increased 3.6% to Rs 209.20 crore.

  • Sebi to tighten creeping acquisition norms

    24th January, 2005 09:40

    The Securities and Exchange Board of India, Sebi, is planning to tighten the creeping acquisition norms for controlling shareholders, or promoters, who hold more t

  • Union Bank Q3 net profit down 60.63%

    24th January, 2005 09:23

    Union Bank of India Q3FY05 net profit is down 60.63% from Rs 150.04 crore to Rs 59.07 crore year-on-year. The net interest income is up 27.97% from Rs 452.89 crore

  • Asian markets weak; Nikkei up 0.5%

    24th January, 2005 09:21

    Most Asian markets have started the week on a weak note, while the Nikkei average rose 0.5% on bargain-hunting in banks and some blue chips .

  • Re to gain as dollar weakens against rivals

    24th January, 2005 09:11

    The rupee is likely to open higher against the US dollar due to the greenback's weakness against its global rivals on weak US consumer confidence data.

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