Moneycontrol News Archive
Your guide to Fringe Benefits Tax
22nd March, 2005 17:59
Fringe Benefit Tax has probably been the budget's biggest upheaval. Our expert, Shailesh Haribhakti, helps you understand what this tax is all about and how it wil
Long term trend reasonably intact: Expert
22nd March, 2005 17:42
NSE Member, Jagdish Malkani, is of the view that the long term trend is reasonably intact. Ravi Chadha, Prodigy Investments says that he would get concerned if the
Outsourcing deals which were not to be
22nd March, 2005 17:00
Watch out for so-called BPO projects that are waiting to be completed for major IT companies. It could lead to a lot of money going down the drain.
Markets crash: Stocks fall like nine pins
22nd March, 2005 16:49
The markets witnessed a sharp selloff. Most of the bank, metal, auto, technology, oil, and cement shares got hammered. Several midcap shares corrected.
Patent Bill discussed, modified in Lok Sabha
22nd March, 2005 16:16
The Patent (Amendment) Bill was discussed in the Lok Sabha today, and several changes to benefit Indian companies were made. Some of these refer to the scope of pa
Rupee closes flat on US rate hike, oil fears
22nd March, 2005 16:07
The rupee ended flat, giving up its early gains, with high crude prices persisting and analysts fear a hardening of the US interest rate hikes. Gilts also dipped,
LG to set up R&D hub in India
22nd March, 2005 15:57
Global player in consumer electronics has announced that it intends to make India the R&D hub for consumer durables and GSM handsets. The company has decided to in
Rupert Murdoch drops by India again
22nd March, 2005 15:45
After a four year gap, Rupert Murdoch is back in India where his five day India visit co-incides with the launch of Space TV, an 80:20 Joint Venture between Tata S
Production & consumption of steel increases
22nd March, 2005 15:36
The total production of finished steel during April 2004-February 2005 has been provisionally estimated to be about 347.5 lakh tonnes as against the production of
SBI enters into tie-up with Cargill India
22nd March, 2005 15:04
State Bank of India will handle remittances of Cargill India Ltd, engaged in procurement, processing and storage of foodgrains, and its franchisees in parts of nor
SBI down on selling pressure
22nd March, 2005 14:30
State Bank of India is down on selling pressure. At 1:53 pm the share is quoting at Rs 697.00, down Rs 25.45, or 3.52%.
Sensex slips below 6600: Heavyweights down
22nd March, 2005 14:15
The Sensex has slipped below the 6600 level following the weakness in several of the index stocks. Most of the bank, metal, and auto stocks are down.
Steel, banking, power weak: Gaba
22nd March, 2005 17:02
Prakash Gaba of prakashgaba.com feels one should liquidate positions and book profit in steel. Banking and power are also weak.
Usha Martin eyeing acquisitions overseas
22nd March, 2005 16:50
Dr P Bhattacharya, Joint MD of Usha Martin says that the company is looking for acquisitions overseas for expanding their wire and wire rope business.
Holcim to buy out AIG, GIC in Ambuja Cement
22nd March, 2005 16:39
Holcim is planning to buy out the stakeholding of US-based AIG and GIC of Singapore in Ambuja Cement India Limited (ACIL), according to a joint venture formed betw
Eveready to set up unit in Uttaranchal
22nd March, 2005 16:00
Eveready Industries is setting up a manufacturing unit in Uttaranchal at an investment of Rs 75 crore. This will increase the company's manufacturing capacity by 4
Bank strike to extend if India firm on FDI
22nd March, 2005 15:49
Strike by India's state-owned bank workers will be extended, if the government is adamant on promoting consolidation among state-run banks, allowing 74% foreign ho
No rate hike on eduational loans: FM
22nd March, 2005 15:44
There is no proposal to increase the interest rate on educational loan, Finance Minister P Chidambaram told the Rajya Sabha today.
Tata Power among major losers
22nd March, 2005 15:26
Tata Power Company is among the major losers. At 2:56 pm the share is quoting at Rs 363.55, down Rs 13.15, or 3.49%.
Sensex down over 100 points
22nd March, 2005 15:14
The Sensex is down over 100 points as several large as well as the midcap stocks have corrected. The bank, auto, and metal shares are among the major losers.
Bata among major losers
22nd March, 2005 14:34
Bata India is among the major losers. At 2:05 pm the share is quoting at Rs 87.25, down Rs 5.5, or 5.93%.
United Breweries in high spirits
22nd March, 2005 13:10
United Breweries is attracting buying interest. At 12:39 pm the share is quoting at Rs 345, up Rs 22.85, or 7.09%.
UB Holdings touches a 52-week high
22nd March, 2005 12:42
United Breweries Holdings has touched a 52-week high of Rs 182.50. At 12:11 pm the share is quoting at Rs 182.50, up Rs 8.65, or 5%.