Moneycontrol News Archive
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RBI raises bank dividend limit to 40%
5th May, 2005 19:59
The apex bank has raised the limit on dividends that banks can pay out from 33.3% to 40%. Additionally, banks with less than 7% NPA, and with a capital adequacy ra
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Voting Rights Bill makes bank shares flare
5th May, 2005 19:48
The cabinet's decision to place before parliament a bill to remove the 10% cap on voting rights on shareholders in private banks has led to a huge flare up in bank
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How Fringe Benefit Tax will hit YOUR salary
5th May, 2005 18:23
Will you end up with a lesser salary, if companies have to pay more fringe benefits tax? Experts say that’s inevitable. So watch out, your Take Home is all set tak
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1820 to 1980 good range on Nifty: Das
5th May, 2005 17:36
Between 1900-1970, trading on Nifty would be quite comfortable and even at 1920-1930 levels, you would get a range of 1820-1980 which is a very good range for the
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Margins not a function of growth: HDFC
5th May, 2005 16:38
Growth and margins are not as inextricable as they seem to be, feels HDFC MD Keki Mistry. The bank has collected more than Rs 1000 crore from its venture partner a
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Rupee ends on a strong note
5th May, 2005 16:19
The rupee firmed to a fresh three-month high on Thursday morning, boosted by persistent speculation of a yuan revaluation. Bonds drifted lower and according to dea
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Asian markets gain: Taiwan up over 2%
5th May, 2005 16:00
Asian markets have closed higher. The Hang Seng closed up 0.84% at 14,061.70 and the Straits Times closed down 0.06% at 2,148.10.
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Welspun hopeful of Rs 650cr sales ahead
5th May, 2005 15:27
Welspun is hopeful of seeing a big revenue growth this year because of the sales kicking in from the new plant. Rajesh Mandawewala, Ex-Director and CEO of Welspun
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Hold HDFC for long term, says Manghnani
5th May, 2005 15:12
Anil Manghnani feels that HDFC is a strong stock. It can again reach its recent high of Rs 830. It has good FII and FI holdings also. Investors must hold this stoc
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Keep target of Rs 175 in Tata Chemicals
5th May, 2005 15:05
Anil Manghnani feels that Tata Chemicals has just seen a break out. The stock is expected to go up. He suggests booking profits at Rs 175.
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M&M Scorpio sales creep up
5th May, 2005 14:37
Scorpio sales have seen an increase at 2438 units, compared to 2,028 units in the last year. While month-on-month, sales figures excluding tractors are down at 10,
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Lupin in $10.5mn pact with Cornerstone
5th May, 2005 14:34
Lupin has signed a marketing pact with Cornerstone BioPharma and
Lupin will get $10.5 million milestone payment from Cornerstone BioPharma.
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FM says FBT maybe simplified
5th May, 2005 19:52
Assuring that there would be no harassment while administering the Fringe Benefit Tax, FBT, Finance Minister P Chidambaram today said the government was willing to
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Dutch, BASF to sell Basell
5th May, 2005 19:24
Energy group Royal Dutch/Shell and German chemicals group BASF said on Thursday they had agreed to sell their Basell 50/50 joint venture for 4.4 billion euros (
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Your take-home will be hit after FBT
5th May, 2005 18:26
CFO of Infosys Technologies TV Mohandas Pai says that fringe benefits will now be converted to allowances as part of your CTC. That means, your take-home is set to
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Volumes not to pick up until indices move up
5th May, 2005 17:57
According to Sajiv Dhawan of JV Capital Services, if market can stay above 1965-1970 level for the next day or two then one could see a change in sentiment.
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Bank reforms- a right step: SP Tulsian
5th May, 2005 17:02
The Banking Index is up 2.8% and most of the private bank averages are more than their 10 day averages, because of the liberalisation policy and Investment Advisor
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Markets up: Bank, tech, & pharma gain
5th May, 2005 15:55
The markets gained for the fourth day in a row. The bank, technology, and pharma stocks were among the major gainers. Some weakness however was seen in the FMCG sh
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Flextronics Q4 net at Rs 30.10cr
5th May, 2005 15:29
Flextronics Software Systems net is at Rs 30.10 crore (Rs 301 million) and revenue at Rs 129 crore (Rs 1.29 billion).
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Larsen and Toubro up on large volumes
5th May, 2005 15:15
Larsen and Toubro has touched an intraday high of Rs 1,046 and an intraday low of Rs 992. At 3:02 pm the share is quoting at Rs 1,033.15, up Rs 36.45, or 3.66%.
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Sell Hexaware Technologies: Baliga
5th May, 2005 15:10
Ambareesh Baliga feels that Hexaware Technologies has not performed as per the expectations. Its revised P/E for the stock is expensive at Rs 21-22. He suggests se
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ACC Q4FY05 net seen up 4.1%: Poll
5th May, 2005 14:34
Associated Cement Companies, ACC's, Q4FY05 (YoY) net profit is up 4.1% to Rs 110.2 crore and FY05 (YoY) for ACC shows net profit up 61.4% to Rs 323.1 crore.
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