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Moneycontrol News Archive : 30 November, 2007

  • MF NAVs end on strong note as markets surge

    30th November, 2007 23:33

    Equity diversified NAVs ended higher with positive advance:decline ratio of 193 as the markets started the new series on a positive note by ending the day on an ex

  • Support at USD 89-90 for crude: Karvy Comtrade 

    30th November, 2007 21:04

    Ashok Mittal of Karvy Comtrade has a view that a little more decline can be expected in crude. He adds that on a longer-term, USD 88-90 levels can be expected to b

  • Another draft on bank holding co norms soon: RBI

    30th November, 2007 21:01

    RBI to put out another draft on bank holding company norms, reports CNBC-TV18.

  • Make way for the Phantom convertible 

    30th November, 2007 20:42

    It is the Rolls Royceís first convertible in five years and now it is in India. CNBC-TV18 takes us through a quick tour of the Rolls Royce Phantom Drophead Coupe.

  • Rel Retail to open 30 hypermkts across India except WB 

    30th November, 2007 20:35

    A double whammy for the West Bengal Government in just 48 hours. A day after ITC and Infosys said that they were facing land acquisition problems there, Reliance R

  • FY08 GDP growth seen at 8.5% 

    30th November, 2007 20:30

    Q2 GDP growth has come in slightly higher than CNBC-TV18's estimates at 8.9%. However, sectors like manufacturing and industry have shown a dip in growth.

  • Temporary relief for ICICI Bk, Delhi HC stays fine

    30th November, 2007 20:02

    While the RBI contemplates guidelines for recovery agents, there seems to be some temporary relief for ICICI Bank in a similar matter. Delhi High Court has stayed

  • Sistema can hike stake in Shyam Telelink to 74%: FIPB

    30th November, 2007 19:34

    FIPB allows Russian telecom company Sistema to hike stake in Shyam Telelink to 74%, reports CNBC-TV18, from PTI. Sistema currently owns 10% stake in Shyam Telelink

  • See rupee at 37/$ by 2008 end: UBS 

    30th November, 2007 19:26

    Sandeep Bhatia, Head of Equities at UBS says some amount of momentum buying has been seen and a ranged market can be expected in Dec unless there is an external tr

  • Bullish on power, infra: Elara Capital 

    30th November, 2007 18:29

    Raj Bhatt, MD, Elara Capital, feels power and infrastructure will be biggest beneficiaries.

  • Cyrus Poonwalla bags E&Y Award for Health & Lifesciences

    30th November, 2007 18:11

    Dr Cyrus Poonwalla, Chairman, Serum Institute of India bags the E&Y Award for Health and Lifesciences

  • Tamil Nadu powerless!

    30th November, 2007 17:34

    Tamil Nadu's dream of becoming the south's power hub might remain just that. The state electricity minister has announced load shedding in the industrial belts. TN

  • Q2 GDP nos inline with expectations: Yes Bank 

    30th November, 2007 17:22

    Shubhada Rao, Chief Economist, Yes Bank, said the Q2 GDP numbers are inline with expectations. "The market is factoring in a 50-bps cut between now and January end

  • Tata Archery Academy Cadets create world record

    30th November, 2007 17:20

    Tata Archery Academy Cadets create a world record. Tata Steel shines at 3rd Cadet World Archery Championship in Mexico

  • Zenith Info looking at possible Nasdaq listing: Srcs

    30th November, 2007 17:16

    CNBC-TV18 has learnt that Zenith Info is looking at a possible Nasdaq listing. Zenith Info is looking at raising USD 30-50 million via Nasdaq listing. The manageme

  • From satellite imaging to packaging biz 

    30th November, 2007 17:07

    Rajan Navani has moved from satellite imaging at NASA to the family packaging business. The Jetline Group of Companies was started in Thailand in the 1930s and in

  • Keshub Mahindra gets Lifetime Achievement Award

    30th November, 2007 16:59

    Mr. Keshub Mahindra, Chairman, Mahindra Group, receives the Ernst & Young Entrepreneur of the Year ĎLifetime Achievementí Award. The Ernst & Young Entrepreneur of

  • Buy Mundra Port at lower level: Choksey 

    30th November, 2007 16:46

    Deven Choksey of KR Choksey Securities is of the view that one can buy Mundra Port at lower level. It is very exclusive for the investors who are insurance compani

  • West Coast issues 41,73,400 GDRs at Rs 85 each

    30th November, 2007 16:36

    West Coast issues 41,73,400 GDRs at Rs 85 each (USD 2.164). This figure is equivalent to Rs 85/- per GDR, including a premium of Rs 83/- per GDR. The total amounts

  • Sensex to touch 20,200 in Dec: Choksey 

    30th November, 2007 16:29

    The markets kicked off the December series on a strong note. Powered by positive global cues and healthy buying interest in stocks across sectors, the indices surg

  • Punj Lloyd Group bags Rs 1272cr LTA Project in Singapore

    30th November, 2007 16:18

    Punj Lloyd Group bags Rs 1272 crore LTA Project in Singapore

  • Which stocks merit a buy right now? 

    30th November, 2007 16:05

    V Swaminathan, Director, Wealth Management Advisory Services likes Euro Creamics since the realty sector is booming and there is lot of demand for these products.

  • Koutons Retail has target of Rs 1127: Joshi

    30th November, 2007 16:00

    Sharmila Joshi of Prabhudas Lilladher is of the view that Koutons Retail has target of Rs 1127. It is in apparel company. It's in designing, manufacturing and reta

  • See softer interest rates over next 4 months: HDFC 

    30th November, 2007 15:55

    Keki Mistry, MD, HDFC expects interest rates to soften in the next 3-4 months for various reasons, inflation rate being under check being one of the main. Also, he

  • Omaxe forays into SEZ development

    30th November, 2007 15:46

    Omaxe forays into Special Economic Zone Development.

  • Buy Bhagwati Banquets with target of Rs 120: Joshi

    30th November, 2007 15:35

    Sharmila Joshi of Prabhudas Lilladher is of the view that one can buy Bhagwati Banquets and Hotels with target of Rs 120. The company is into catering and banquet

  • Buy Garware Offshore; target of Rs 318: India Infoline

    30th November, 2007 15:27

    India Infoline has recommended buy rating on with a target of Rs 318, an upside of 31.5%, as per their report on November 30, 2007. Research firm expects Garware O

  • M&M gears up

    30th November, 2007 15:20

    At 3:13 pm, Mahindra and Mahindra, M&M is quoting at Rs 731.50, up Rs 11.25, or 1.56%. It has touched an intraday high of Rs 744.15 and an intraday low of Rs 725.1

  • StanChart presents workshop on Corporate Governance

    30th November, 2007 15:08

    Standard Chartered presents a first-of-its-kind workshop on Corporate Governance for Microfinance Institutions

  • GMR Infra to float IPO for energy arm? 

    30th November, 2007 15:05

    GMR Infra is likely to raise money, via an IPO, for its arm GMR Energy early next year. It has become a trend with most infrastructure companies to come out with I

  • ABC of investing in Fixed Income

    30th November, 2007 15:00

    Investors have always been very comfortable with the fixed income instruments because of the predictable nature of theirr returns. However, the case may not be the

  • Gateway Distriparks announces resignation of its CEO

    30th November, 2007 14:58

    Gateway Distriparks Ltd (GDL) announced today the resignation of its Chief Executive Officer (CEO), Capt. Christopher Verma with immediate effect.

  • ArcelorMittal will double capacity of Monlevade plant

    30th November, 2007 14:49

    ArcelorMittal will double capacity of its Brazilian Monlevade plant. The doubling of the plant's capacity will occur through the construction of another blast furn

  • Essar Oil scales to new high

    30th November, 2007 14:42

    Essar Oil has touched a 52-week high of Rs 251.20. At 2:36 pm, the share is quoting at Rs 245, up Rs 37.45, or 18.04%. It is trading with volumes of 18,239,337 sha

  • India committed to rule-based multilateral trading system

    30th November, 2007 14:40

    India committed to rule-based multilateral trading system that addresses global trade inequalities: Kamal Nath

  • UPS announces alliance with AFL for network expansion

    30th November, 2007 14:31

    UPS announces strategic alliance with AFL for network expansion in India. UPS Jetair Express today announced a strategic alliance with AFL that will significantly

  • Zenith Infotech locked at 20% upper circuit

    30th November, 2007 14:21

    Zenith Infotech is locked at 20% upper circuit. At 2:13 pm, the share is quoting at Rs 391.10, up Rs 65.15. According to sources the company is looking at possible

  • Cabinet clears SCI acquisition, stock up 3%

    30th November, 2007 14:21

    At 2:14 pm, SCI is quoting at Rs 248.75, up Rs 7.15, or 2.96%. It has touched an intraday high of Rs 253 and an intraday low of Rs 240. Cabinet has cleared the com

  • Does arbitrage on new F&O entrants pay? 

    30th November, 2007 14:14

    CNBC-TV18 reports on the amount of money made in arbitrage, due to new F&O entrants. In case of stocks, which entered in September 13, 14 stocks have gained almost

  • Shree Renuka Sugar Q4 net profit down at Rs 12.8 cr

    30th November, 2007 14:11

    Shree Renuka has announced its Q4 FY07 numbers. Its consolidated Q4 net sales were at Rs 261.4 cr versus Rs 325.3 crore, YoY basis. During the similar period, its

  • SBIís networth to rise by over 57% post rights issue 

    30th November, 2007 14:07

    SBI will be able to raise Rs 17,000-18,000 crore through this issue. It would increase SBI's standalone networth by over 57%. That would allow the bank to embark o

  • DBS Chola Global Advantage declares 40% dividend

    30th November, 2007 13:51

    DBS Chola Mutual Fund has declared a maiden dividend of 40% in DBS DBS Chola Global Advantage Fund, for which record date has been fixed as December 3, 2007.

  • NASDAQ launches NASDAQ Internet Index

    30th November, 2007 13:28

    The Nasdaq Stock Market has launched the NASDAQ Internet Index, a new benchmark designed to track the performance of companies engaged in a broad range of internet

  • Prasoon Joshi joins Reliance Entertainment

    30th November, 2007 13:19

    Media Veteran Prasoon Joshi joins Reliance Entertainment. Reliance ADA Group has diversified interests across several verticals in the Media and Entertainment sect

  • Govt approves right issue, SBI surges

    30th November, 2007 13:05

    At 12:58 pm, State Bank of India, SBI is quoting at Rs 2,311.20, up Rs 41.40, or 1.82%. It has touched an intraday high of Rs 2,360 and an intraday low of Rs 2,300

  • B.A.G Films may raise funds via arm: Srcs 

    30th November, 2007 13:01

    CNBC-TV18 has learnt that B.A.G Films is in talks to raise funds via its arm B.A.G Glamour. Sources said B.A.G Films is in talks with Star TV to sell 26% in B.A.G.

  • Rel Power's K'patnam plant to be ready by 2013-15

    30th November, 2007 12:58

    Reliance Power will complete the 800-mw Phase 1 of Krishnapatnam UMPP in 68 months.

  • RBI Reference Rate for US $ & Euro

    30th November, 2007 12:51

    RBI Reference Rate for US $ and Euro. The Reserve Bank of Indiaís Reference Rate for the US dollar is Rs.39.77 and the Reference Rate for Euro is Rs.58.94 on N

  • UTV Software hits new high

    30th November, 2007 12:44

    UTV Software Communications has touched a 52-week high of Rs 885. At 12:38 pm, the share is quoting at Rs 817.50, up Rs 17.10, or 2.14%. The renewed interest in th

  • UltraTech advances on price rise

    30th November, 2007 12:37

    At 12:31 pm, UltraTech Cement is quoting at Rs 1,008.45, up Rs 28.60, or 2.92%. It has touched an intraday high of Rs 1,018 and an intraday low of Rs 980. Cement C

  • Buy Bhagwati Banquets; target of Rs 120: P Lilladher

    30th November, 2007 12:34

    Prabhudas Lilladher is bullish on Bhagwati Banquets & Hotels with a 12-month target of Rs 120, as per their report dated on November 29, 2007. Research firm expect

  • JK Cement makes concrete gain

    30th November, 2007 12:31

    JK Cement has touched a 52-week high of Rs 238.80. At 12:26 pm, the share is quoting at Rs 236, up Rs 17.50, or 8.01%. Cement companies are going to hike prices in

  • A M Naik inaugurates L&Tís 3rd factory in China

    30th November, 2007 12:25

    A M Naik inaugurates L&Tís third factory in China. The new facility, envisaged with a built-up area of 30,000 sq. metres, would manufacture Gate, Globe, Check and

  • ACC firms up on hike in cement prices

    30th November, 2007 12:17

    At 12:12 pm, ACC is quoting at Rs 1,094.90, up Rs 25.45, or 2.38%. It has touched an intraday high of Rs 1,109 and an intraday low of Rs 1,067. Cement Cos to hike

  • Haier launches 4-Door Refrigerators

    30th November, 2007 12:14

    Haier launches path-breaking 4-Door Refrigerators First time in India. The 607 litres new model, HRB 702 MP/S is available in two colours, grey and silver and is

  • Moser Baer to set up grid connected Solar farm in Rajasthan

    30th November, 2007 12:05

    Moser Baer to set up India's largest grid connected Solar farm in Rajasthan. Moser Baer Photo Voltaic, a wholly owned subsidiary of Moser Baer India, announced tha

  • Inflation up at 3.21% vs 3.01% 

    30th November, 2007 12:04

    Inflation for the week ended November 17 stands at 3.21% versus 3.01%. The market estimate was at 3.11%.

  • Cement cos may hike prices in Mah from Dec 1 

    30th November, 2007 12:00

    As per a Newswire18 report, cement companies will up prices in Maharashtra by Rs 5 per 50 kg on Saturday. Sanjay Ladiwala, President, CSDA does not see an increase

  • MTNL soars high

    30th November, 2007 11:59

    At 11:49 am, Mahanagar Telephone Nigam, MTNL is quoting at Rs 174.55, up Rs 13.70, or 8.52%. It has touched an intraday high of Rs 176.80 and an intraday low of Rs

  • Omaxe signs MoU with Rajasthan Govt for SEZ, stock up

    30th November, 2007 11:47

    Omaxe has touched a 52 week high of Rs 434.40. At 11:40 am, the share is quoting at Rs 431.55, up Rs 21.85, or 5.33%. The company has signed an MoU with the Govern

  • VSNL hits 52-week high

    30th November, 2007 11:40

    Videsh Sanchar Nigam, VSNL has touched a 52-week high of Rs 631.55. At 11:34 am, the share is quoting at Rs 628.05, up Rs 69.30, or 12.40%. It is trading with volu

  • Carborundum sells land, stock rises

    30th November, 2007 11:34

    At 11:28 am, Carborundum Universal is quoting at Rs 167.05, up Rs 6.90, or 4.31%. It has touched an intraday high of Rs 170 and an intraday low of Rs 159.10. The c

  • Hold Ispat Industries, says Mukadam 

    30th November, 2007 11:22

    Shahina Mukadam, IDBI Capital Market is of the view that one should continue to hold Ispat Industries. We have seen this stock has been running on the back of very

  • Fed may cut rates again post 11 Dec meet: JP Morgan 

    30th November, 2007 11:19

    David G Fernandez of JP Morgan said that they are expecting the Fed to cut rates by 25 bps on December 11 and doesn't rule out a further 25bps cut even after that.

  • Q2 GDP growth at 8.9%; experts see further dip in future 

    30th November, 2007 11:15

    Second quarter's GDP growth stands at 8.9% versus 10.2% YoY. Q2 farm sector growth stands at 3.6% versus 2.9% YoY. Q2 manufacturing growth stands at 8.6% versus 12

  • Ashok Leyland has support at Rs 40: Gujral 

    30th November, 2007 11:10

    Technical Analyst, Ashwani Gujral is of the view that Ashok Leyland has support at Rs 40. But it really needs to cross Rs 50-52 before you become very positive on

  • Mkts to range between 17k-26k over next one year: ICICI Sec 

    30th November, 2007 10:59

    Girish Pai of ICICI Securities said that they have a one-year Sensex target of 25,500 which was based on a 21x one-year forward PE. According to Pai they are expec

  • Buy BHEL, target Rs 3092: ASK Securities

    30th November, 2007 10:43

    ASK Securities has maintained buy rating on BHEL with target price of Rs 3092.

  • Subscribe to Burnpur Cement IPO: ICICI Direct

    30th November, 2007 10:35

    Burnpur Cement, one of the established cement manufacturers of Eastern India, has opened for subscription with its initial public offer of 2,19,00,000 equity share

  • Sell Shoppers Stop: Merrill Lynch

    30th November, 2007 10:28

    Merrill Lynch research report has maintaiend sell rating on Shoppers Stop.

  • JSW Steel an outperformer, tgt Rs 1108: HDFC Sec

    30th November, 2007 10:16

    HDFC Securities has maintained buy rating on JSW Steel with a 12-month target price of Rs 1108.

  • Sterlite Industries top gainer on the Nifty

    30th November, 2007 10:05

    Sterlite Industries is the top gainer on the Nifty. At 10:05 am, the share is quoting at Rs 971.00, up Rs 52.75, or 5.74%. There are rumours that a Chinese group i

  • Walt Disney not eyeing mgmt control: UTV

    30th November, 2007 10:01

    UTV has informed that media reports about Walt Disney eyeing its management control is speculative and incorrect. UTV is in advanced talks for strategic and financ

  • 10% discount for retail category in primary mkt a good move 

    30th November, 2007 09:59

    Itís a nice move from Sebi but not terribly material for the market as such. 10% discount to retail investors in primary market is an important move. The other is

  • Gold prices surge but investors still wary

    30th November, 2007 09:48

    Gold prices are surging, and investments in gold are yielding some strong returns. Profit-booking in gold Exchange Traded Funds or ETFs has seen these funds shell

  • Mkts may see downward bias in Dec: StanChart MF 

    30th November, 2007 09:43

    Rajiv Anand, Head Investments, Standard Chartered Mutual Fund said that he has heard indications that a rate cut is imminent. The behaviour in the local markets se

  • RPLís 8.5 crore shares didnít get rollover in Dec serires

    30th November, 2007 09:42

    We saw 83% of marketwide rollover compared to 84% and it would have been higher if it wasnít for RPL which saw about 8 crore shares not getting rolled over to the

  • Nifty may go back to test 4500 levels: Gujral 

    30th November, 2007 09:29

    Technical analyst Ashwani Gujral said that the problem is that the Nifty is moving into weaker hands and as this happens, it can get exposed to external or interna

  • RNRL, Essar Oil have had spectacular rallies in Nov series  

    30th November, 2007 09:22

    They have also had spectacular rallies in the November series one has quadrupled and the other has gone up 100%. If RPL moves up then I think it will pull Essar Oi

  • WB govt stalls land allocation to cos

    30th November, 2007 09:19

    In a case of once bitten twice shy for the WB govt. After Nandigram and Singur, it's stalling land allocation to cos that want to invest there. Civil unrest in Nan

  • US mkts end with mild gains 

    30th November, 2007 09:17

    A seesaw session on Wall Street with little direction ahead of an evening speech by Fed Chairman Ben Bernanke. At the end of the day which just a fraction of moves

  • Siel to resume trading

    30th November, 2007 09:14

    Siel will resume trading from today. The base price has been fixed at Rs 106.75 and circuit filter at 5%.

  • Rupee opens at Rs 39.68 per dollar

    30th November, 2007 09:00

    The Indian rupee opened at Rs 39.68-39.69 per dollar versus Rs 39.75 yesterday.

  • NSE bars further F&O positions in Adlabs Films

    30th November, 2007 08:59

    NSE has barred further F&O positions in Adlabs Films as 95% of marketwide limit reached.

  • F&O debut today: DCB, GBN, Gitanjali Gems, HOEC, HZL

    30th November, 2007 08:54

    DCB, GBN, Gitanjali Gems, Great Offshore, HOEC, Hindustan Zinc, Ispat, Jindal Saw, KPIT Cummins, MICO, Info Edge, Network18, NIIT, Redington and WWIL will start tr

  • Fund Action witnessed in stocks on 29th November

    30th November, 2007 08:52

    Fund Action: Tata Power, Guj Petronet, Escorts, Prajay Engg Synd, Visa Steel, Nagarjuna Fert & Chem, Eveready Industries, Hanung Toys and Textiles, Indo Asian Fuse

  • Airtel, Western Union offer mobile money transfer service

    30th November, 2007 08:44

    Bharti Airtel and Western Union have decided to jointly develop and pilot a mobile money transfer service in the country.

  • Crude stabilises around $ 91/bbl mark

    30th November, 2007 08:44

    Crude prices surrendered all its gains and stabilised around the USD 91 mark after Enbridge reopened three out of four pipelines closed after an explosion cut ship

  • Equity calls: Chakraborty, Mohoni, Singhal 

    30th November, 2007 08:41

    The market is likely to be rangebound with a positive bias in Decembe, says Chakraborty.

  • Hexaware fallout: Cos to guard against risks

    30th November, 2007 08:38

    The recent Hexaware incident has prompted companies to take a hard-nosed look at derivatives reporting systems in order to minimise the associated risks and ensure

  • Asian currencies could revalue against dollar: Tyche Group 

    30th November, 2007 08:37

    Asian markets moved higher today. Japan's Nikkei gained 1.19% or 184.71 points at 15,698.45. Hong Kong's Hang Seng rose 0.31% or 89.45 points at 28,571.99.Taiwan'

  • Indian ADRs: MTNL down 5.7%, Tata Motors slips 3.6%

    30th November, 2007 08:29

    Indian ADRs: MTNL, Tata Motors and ICICI Bank plunged, while Sterlite Ind gained.

  • Asian markets end higher; Nikkei up 166 points

    30th November, 2007 08:20

    Asian markets ended higher. Japan's Nikkei gained 1.08% or 166.93 points at 15,680.67.

  • Cos can offer 10% disc to retail investors in IPOs: Sebi

    30th November, 2007 08:13

    Companies making public issues can offer a discounted price to retail individual investors provided the discount is not more than 10 per cent. SEBI, which had rest

  • After instant noodles, instant insurance!

    30th November, 2007 08:00

    Fill up a one-page form and voila, you are the owner of an insurance policy. But there's a downside. Read the fine print.

  • ICL ropes in sponors at throwaway prices

    30th November, 2007 21:30

    The Indian Cricket League, or ICL, which started today in Chandigarh has finally managed to rope in sponsors, though at throwaway prices, reports CNBC-TV18.

  • Commerce Minister releases book 

    30th November, 2007 21:02

    Commerce Minister Kamal Nath has released his book, "India's Century", which gives a first person account of India's transition from what he calls, "the backwater

  • Tensions escalate in Orissa over Posco controversy

    30th November, 2007 20:51

    In Orissa, the Posco controversy is escalating again. Three platoons of Police have been brought in, after six people were injured in clashes over the steel giant'

  • Lower GDP nos fail to dissappoint mkts 

    30th November, 2007 20:37

    What a Friday it has been, said CNBC-TV18ís Rahul Arora. All those jitters that came in the last half an hour of trade yesterday have been wiped out quite convinci

  • Vodafone tax litigation hogs limelight at tax con

    30th November, 2007 20:33

    The USD 2 billion fight Vodafone tax litigation hogged the limelight at the Annual International Tax Conference in Mumbai. ďIndian tax authorities have a case. Mor

  • Putting Kinetic back on track  

    30th November, 2007 20:10

    Ajinkya Firodia is the youngest of the four Firodia siblings; he is the man looking after sales & marketing at Kinetic Automatic. He has got a whole host of produ

  • Bharti captured spectrum illegally: RComm

    30th November, 2007 20:00

    Reliance Communications says Bharti Airtel has illegally captured spectrum in excess of 6.2 MHz by misleading the department of telecom, reports CNBC-TV18. Bharti

  • PSU cos hike jet fuel price by up to Rs 6,437/kL

    30th November, 2007 19:29

    State-owned oil companies hike jet fuel prices by up to Rs 6,437 per kilo litre, reports CNBC-TV18, quoting Newswire18.

  • Kotak Inst Equities sees FY08 GDP at 8.7% 

    30th November, 2007 18:39

    Mridul Sagar, Chief Economist at Kotak Institutional Equities said that the IIP numbers could remain volatile. He added that consumer durables are slowing down sig

  • Top Rankers National Workshop on Nurturing Leadership

    30th November, 2007 18:20

    Top Rankers 9th National Workshop on Nurturing Leadership for Business Excellence.

  • Rupee, bonds end higher

    30th November, 2007 17:38

    Rupee ended firm against the U.S. dollar today as banks sold dollars for foreign funds investing into Indian shares.

  • Bangalore Bio 2008 to focus on global partnerships

    30th November, 2007 17:30

    Bangalore Bio 2008 to focus on fostering global partnerships. Bangalore Bio 2008 will focus on ďGlobal PartnershipĒ. The event will take place on April 24 Ė 26, 20

  • Khodu Irani raising Pune's 'High Spirits'  

    30th November, 2007 17:21

    The High Spirits Cafť itís one of the most happening places in Pune and itís being run by a 27 year old. Khodu Irani is armed with an MBA started his career with a

  • eClerx looks good with long term perspective: Experts

    30th November, 2007 17:16

    eClerx Services, a provider of data analytics and customised process solutions to global enterprise clients, is entering the capital market with its IPO of equity

  • Satellier forays into Indian real estate industry

    30th November, 2007 17:10

    Satellier Inc., forays into The Indian Real Estate Industry post second round equity funding $10 million from Sequoia Capital. Satellier will enter the Indian

  • Elder Pharma to increase its stake in NeutraHealth to 29% 

    30th November, 2007 17:07

    Alok Saxena, Director, Elder Pharma said that they have already achieved Rs 260 crore of their sales target of over Rs 550 crore for this year. He pegged the EPS g

  • Deliveries for November 2007 contract

    30th November, 2007 16:50

    Deliveries for November 2007 contract

  • Bhagwati Banquets to raise Rs 62 Cr via warrants issue 

    30th November, 2007 16:40

    Narendra Somani, CMD, Bhagwati Banquets said that they require a total of Rs 115 crore for expanding their Surat project. For this, they have approved fund raising

  • Buy real estate stocks on dip: Choksey 

    30th November, 2007 16:35

    Deven Choksey of KR Choksey Securities is of the view that one can buy real estate stocks on dip. DLF, Unitech stand in my buy list. Even today every fall in the m

  • 24x7guru partners with Tata Sky

    30th November, 2007 16:27

    24x7guru partners with Tata Sky. This partnership will enable 24x7guru.com to provide content for Tata Skyís ActveTM Learning a quiz based educational service cove

  • ViewSonic launches globalization initiative

    30th November, 2007 16:08

    ViewSonic launches globalization initiative. The consolidation and integration of the leadership and support functions of ViewSonic's three operating regions will

  • Bajaj makes 7% open offer for Bajaj Electricals 

    30th November, 2007 16:04

    The four Bajaj brothers have come out with an open offer for around 7% stake in Bajaj Electricals. This is more of a consolidation move. The promoters as a combine

  • Acer ties up with ICICI Bank

    30th November, 2007 15:55

    Acer ties up with ICICI Bank to enthuse Channel partners & SMB customers with new attractive Star VAR plan. The Acer Ė ICICI Bank offer gives Acer Star VAR partner

  • RBI issues draft guidelines for recovery agents 

    30th November, 2007 15:47

    RBI has issued draft guidelines for the use of recovery agents by the banks. Banks will now have to inform borrowers, details of recovery agents in case of default

  • Escorts denies media report of Land Deal

    30th November, 2007 15:37

    Escorts denies media report of ĎLand Dealí. The above cited news of the purported land sale is perjurious, speculative and has created confusion and sensationalism

  • NSE F&O turnover at Rs 62000-65000 cr 

    30th November, 2007 15:29

    It was a very good start for the December series, healthy turnover seen about Rs 62,000-65,000 crore. Textile and sugar space, which did see good rollovers yesterd

  • Asian Paints benefits with enterprise SOA

    30th November, 2007 15:26

    Asian Paints benefits with Enterprise SOA. Asian Paints took advantage of enterprise SOA and the SAP NetWeaver platform to flexibly leverage existing SAP solutions

  • Cybernet-SlashSupport targets European IMS mkt

    30th November, 2007 15:16

    Cybernet- SlashSupport, a technology operations Management company, has announced that it has struck a strategic partnership with Bergler ICT, a Netherlands based

  • RCF frozen at 10% upper circuit

    30th November, 2007 15:07

    RCF is frozen at 10% upper circuit. At 3:01 pm, the share is quoting at Rs 75, up Rs 6.80. It has touched an intraday high of Rs 75 and an intraday low of Rs 67. T

  • Punj Lloyd bags order, stock gains 5.5%

    30th November, 2007 15:02

    At 2:57 pm, Punj Lloyd is quoting at Rs 501.40, up Rs 26.40, or 5.56%. It has touched an intraday high of Rs 505.90 and an intraday low of Rs 477. The company has

  • TCS among major gainers

    30th November, 2007 15:00

    TCS is among major gainers on the Sensex. At 2:52 pm, the share is quoting at Rs 1,016, up Rs 39.25, or 4.02%. It has touched an intraday high of Rs 1,018 and an i

  • United Spirits witnesses buying interest

    30th November, 2007 14:51

    At 2:44 pm, the share is quoting at Rs 2,010, up Rs 165.70, or 8.98%. It has touched an intraday high of Rs 2,027 and an intraday low of Rs 1,855.50. It is trading

  • Hold HDIL with target of Rs 1000: Agarwal 

    30th November, 2007 14:49

    Rajesh Agarwal of CD Equisearch is of the view that one can hold HDIL with a target of Rs 1000. One should have a longer timeframe with this counter. The company i

  • FY08 GDP growth to be close to 9%: FM 

    30th November, 2007 14:42

    Finance Minister P Chidambaram said, "We are still confident that FY08 GDP growth will be pretty close to 9%.Ē The FM spoke after the announcement that the governm

  • Pyramid Saimira may list its distribution arm overseas  

    30th November, 2007 14:33

    Pyramid Saimira, Zenith Infotech and Adani Enterprises are looking to list overseas. While Pyramid plans to raise about USD 60 million, Zenith plans to raise about

  • Titan launches The Laurent Collection

    30th November, 2007 14:23

    The international styling and superb craftsmanship makes it the perfect accessory of choice for men this winter wedding season. It is mainly targeted at men in the

  • Shree Renuka expects tripling of ethanol revenue in FY08 

    30th November, 2007 14:21

    Narendra Murkumbi of Shree Renuka Sugars said that they are expecting ethanol revenue to triple in FY08, reports CNBC-TV18.

  • Maricoís Parachute Advansed wins Yahoo! Big Chair award

    30th November, 2007 14:15

    Maricoís Parachute Advansed wins the 2nd edition of Yahoo! Indiaís Big Chair award. This edition of the award was given for Ďcreative excellence in the online doma

  • Sahara MF launches 3 months FMP - Series 2

    30th November, 2007 14:12

    Sahara Mutual Fund launches Sahara Fixed Maturity Plans- 3 Months-Series 2, a close ended income scheme aims to generate income by investing into debt and money ma

  • Stay invested in HDIL: Anu Jain

    30th November, 2007 14:10

    Anu Jain of Omniscient Securities is of the view that one can stay invested in HDIL. If the stock crosses Rs 820, we can see Rs 860 levels. If it breakouts beyond

  • PFC up on planning overseas equity fund

    30th November, 2007 14:00

    At 1:58 pm, Power Finance Corporation, PFC is quoting at Rs 242.90, up Rs 8, or 3.41%. It has touched an intraday high of Rs 245.45 and an intraday low of Rs 236.0

  • Ispat Industries adds Rs 1.55 cr in OI 

    30th November, 2007 13:45

    Ispat Industries has stolen the show it has added Rs 1.55 crore in the futures market and its up about Rs 2 in the spot market and even in the cash segment it is s

  • Focus more on midcaps now: RADA Advisors 

    30th November, 2007 13:25

    Nitin Raheja, CIO of RADA Advisors has a view focus is more on midcaps and there are good stories across the board on the infrastructure and engineering side. He a

  • Elara Capital to enter broking business in India

    30th November, 2007 13:10

    Elara Capital to enter broking business in India. Elara Capital Plc, a UK-based, full service investment bank, today announced its intention to launch equity resea

  • Blue Star to mull acquisition; stock hits new high

    30th November, 2007 13:01

    Blue Star has touched a 52-week high of Rs 475. At 12:55 pm, the share is quoting at Rs 442.15, up Rs 2.20, or 0.50%. The company has board meet on December 5 to m

  • Liquidity Adjustment Facility: Auction results

    30th November, 2007 12:58

    Liquidity Adjustment Facility: Auction results. The results of the RBI Repo/Reverse Repo auctions held on November 29, 2007

  • HDFC among major gainers

    30th November, 2007 12:54

    HDFC is among major gainers on the Sensex. At 12:46 pm, the share is quoting at Rs 2,775, up Rs 87.05, or 3.24%. It has touched an intraday high of Rs 2,778 and an

  • Stock to watch: Koutons

    30th November, 2007 12:49

    The markets started the new series on a positive note by ending the day on an extremely strong note. Sensex was up 359.93 points or 1.89% at 19363.19, and the Nift

  • Replenishment of stk of Govt Sec for open mkt operations

    30th November, 2007 12:41

    Replenishment of stock of Government Securities by Reserve Bank for open market operations. The RBI has been conducting open market operations through outright pur

  • Underwriting by PDs- Auction of West Bengal SDL

    30th November, 2007 12:35

    Underwriting by Primary Dealers- Auction of West Bengal State Development Loan. The Reserve Bank of India has set the underwriting commission cut-off rate at 38.87

  • Buy Koutons Retail, tgt Rs 1127: Prabhudas Lilladher

    30th November, 2007 12:34

    Prabhudas Lilladher has maintained buy rating on Kutons Retail with target price of Rs 1127, upside potential of 61%.

  • GMR Infra likely to float IPO for GMR Energy in Q1CY08

    30th November, 2007 12:28

    GMR Infrastructure is likely to float IPO for GMR Energy in Q1CY08. GMR Infra may raise USD 250-300 million via GMR Energy IPO. Board resolution on GMR Energy IPO

  • HDIL gains further ground

    30th November, 2007 12:19

    HDIL has touched a 52-week high of Rs 828. At 12:14 pm, the share is quoting at Rs 816.70, up Rs 19.95, or 2.50%. Most real estate stocks have gained as the ULCA h

  • Kotak Mahindra an outperformer; tgt of Rs 1381: P Lillabher

    30th November, 2007 12:16

    Prabhudas Lilladher has recommended an outperformer rating on Kotak Mahindra Bank with a target of Rs 1381 which implies 21% upside, report dated on November 27, 2

  • Omaxe-Rajasthan govt sign MoU to set up SEZ 

    30th November, 2007 12:09

    Omaxe has signed MoU with the Rajasthan government to set up a multi-product SEZ. The multi-product SEZ was to be set up over 5,000 hectares over 5 years. Arvind P

  • Markets end higher: Metal, power, realty, IT stks rally

    30th November, 2007 12:05

    The markets entered the new series on a positive note by ending the day on an extremely strong note. Cues from equity markets across the globe were encouraging as

  • Hold DLF for long term: Mukadam 

    30th November, 2007 12:01

    Since the repeal of ULCRA by Maharashtra Assembly, realty stocks have been in the limelight. Shahina Mukadam of IDBI Capital Market recommends holding DLF for the

  • Ansal Properties marches ahead

    30th November, 2007 12:00

    At 12 pm, Ansal Properties is quoting at Rs 255.50, up Rs 16.40, or 6.86%. Most real estate stocks have gained as the ULCA has been repealed by Maharshtra governme

  • Dell launches XPS M1530-15.4-inch notebook

    30th November, 2007 11:55

    Dell launches premium 15.4-inch notebook-thin is in with Dell XPS 1530. With starting price of Rs 53,000*, the XPS M1530 is loaded with premium features, like bui

  • Tata Steel signs JV with Riversdale Mining

    30th November, 2007 11:46

    Tata Steel signs JV with Riversdale Mining for Mozambique Coal Project. Riversdale Mining Limited and Tata Steel Limited have signed an agreement to establish a sp

  • HDIL has target of Rs 1000: Gujral 

    30th November, 2007 11:37

    Technical Analyst, Ashwani Gujral is of the view that HDIL has target of Rs 1000. They closed to their previous highs yesterday. If Akruti can maintain above Rs 11

  • Lanco Infra bags order, stock hits new high

    30th November, 2007 11:29

    Lanco Infratech has touched a 52-week high of Rs 538. At 11:22 am, the share is quoting at Rs 525, up Rs 10.65, or 2.07%. The company has bagged order worth Rs 101

  • Reliance Energy among major gainers

    30th November, 2007 11:21

    Reliance Energy is among major gainers on the Sensex. At 11:15 am, the share is quoting at Rs 1,722, up Rs 58.30, or 3.50%. It has touched an intraday high of Rs 1

  • Solid gains for Welspun Gujarat

    30th November, 2007 11:15

    Welspun Gujarat has gained today. At 11:10 am, the share is quoting at Rs 412.95, up Rs 29.05, or 7.57%. It has touched an intraday high of Rs 419 and an intraday

  • Mkts must consolidate at 18K-20K levels: Kotak Mah Cap 

    30th November, 2007 11:11

    Falguni Nayar, MD, Kotak Mahindra Capital feels that markets need to consolidate at 18000 - 20000 levels before going up. Overall, she expects the markets to be fl

  • UTV can touch Rs 980: Gujral 

    30th November, 2007 11:02

    Technical Analyst, Ashwani Gujral is of the view that above Rs 820, UTV Software Communications can touch Rs 980.

  • RNRL rangebound between Rs 145-170: Gujral 

    30th November, 2007 10:54

    Technical Analyst, Ashwani Gujral is of the view that RNRL is rangebound between Rs 145-170. It is not showing any kind of strength. Essar Oil is also sort of paus

  • Reliance Petroleum can retest Rs 290: Gujral 

    30th November, 2007 10:38

    Technical Analyst, Ashwani Gujral is of the view that Reliance Petroleum can retest Rs 290. The stock has strong support at Rs 185-190. Once Rs 230-235 level can b

  • ABG Shipyard continues to rise

    30th November, 2007 10:33

    ABG Shipyard has touched a 52-week high of Rs 990. At 10:27 am, the share is quoting at Rs 979.95, up Rs 91.40, or 10.29%. It is trading with volumes of 11,418 sha

  • DLF moves up smartly

    30th November, 2007 10:20

    At 10:19 am, DLF is quoting at Rs 931.90, up Rs 51.25, or 5.82% on the Nifty. Most real estate stocks have gained as the ULCA has been repealed by Maharshtra gover

  • BPCL to acquire Govt's 2.5% stake in Oil India; stk up

    30th November, 2007 10:09

    At 10:08 am, Bharat Petroleum Corporation, BPCL is quoting at Rs 396.35, up Rs 14.05, or 3.68% on the Nifty. It has touched an intraday high of Rs 402.90 and an in

  • Buy Ceat, target Rs 250: Sharekhan

    30th November, 2007 10:05

    Sharekhan research report has maintained buy rating on Ceat with target price of Rs 250.

  • Ispat Industries hits new high

    30th November, 2007 09:59

    Ispat Industries has touched a 52-week high of Rs 51.80. At 09:55 am, the share is quoting at Rs 51.70, up Rs 3.45, or 7.15%. It is trading with volumes of 268,991

  • Cabinet approves SBI rights issue

    30th November, 2007 09:54

    Cabinet has approved SBI rights issue. Priya Ranjan Das Munshi, Parliamentary Affairs Minister said that the SBI rights issue modalities are subject to SEBI guidel

  • Select stocks may rise: Mohoni

    30th November, 2007 09:45

    European markets made moderate gains last night, and the US indices smaller ones. Asian markets are up again this morning, except for a 2% fall in Shanghai. All to

  • Indian GDRs: MTNL down 5.7%, Ranbaxy slips 3%

    30th November, 2007 09:42

    Indian GDRs: MTNL, Ranbaxy and ICICI Bank plunged while ITC, SBI, Reliance and Hindalco gained.

  • UTV will flare up 

    30th November, 2007 09:31

    Walt Disney is going to buy more into UTV. They are almost at 15%, so anything more has to trigger of an open offer. If indeed this news is true there is no reason

  • Reliance Petroleum can go up to Rs 300 

    30th November, 2007 09:24

    Reliance Petroleum can certainly go up to Rs 300 because it is a momentum stock. One will hear lots of news coming in around RPL, big volumes will get traded and p

  • Media Video to resume trading

    30th November, 2007 09:22

    Media Video will resume trading from today. The base price has been fixed at Rs 103.45 and circuit filter at 20%.

  • RIL board approves of 26 subsidiaries

    30th November, 2007 09:17

    According to sources Reliance Retail is set to restructure into 35-36 different subsidiaries and work on the restructure has begun about three months back. The for

  • Pranab Mukherjee best contributor to cause of Indian biz  

    30th November, 2007 09:16

    Pranab Mukherjee won the CNBC-TV18 Outstanding Contribution to the cause of Indian Business Award. He has played a crucial role in every important economic policy

  • Next couple of days to reflect Dec's mood  

    30th November, 2007 09:00

    Next couple of days to reflect Dec's mood

  • Avoid big ticket: Bhambwani

    30th November, 2007 09:00

    The outlook for the market today continues to be that of caution as the weekend factor coupled with overseas cues will dictate the near term trends. Bhambwani main

  • Resistance for Sensex at 19475-19642

    30th November, 2007 08:57

    The support for the Sensex is at 18910 and the resistance to the up move at 19475-19642.

  • Fed will weigh fresh info at Dec 11 meet: Bernanke

    30th November, 2007 08:54

    Fed Chairman Ben Bernanke has left the door open for yet another rate cut. In a speech last evening, he said a resurgence in financial strains in recent weeks had

  • Money Calls: Kaul, Venkatraman

    30th November, 2007 08:46

    Tightening liquidity is a major concern for the bond market. Expect low activity on thin volumes, says Kaul.

  • Sell MCX Gold February on rallies to Rs 10390

    30th November, 2007 08:44

    For gold, one could sell MCX February on rallies to Rs 10,390 per 10 gram, says Sarvanan K.

  • Ashok Leyland launches 4921 TT in Mumbai

    30th November, 2007 08:43

    Ashok Leyland launched its 4921 Tractor Trailer in Mumbai today, with focus on western Indian market for trucks.

  • Tatas open pharma R&D centre in Bangalore

    30th November, 2007 08:39

    The Tata Sons Chairman, Mr Ratan Tata, formally inaugurated the 8-acre Bangalore drug development campus, and said the group, the majority promoter, had a long-ter

  • Stocks in news: Bhagwati Banquets, UTV, M&M

    30th November, 2007 08:37

    Stocks in news: Bhagwati Banquets, UTV, M&M, RIL, Mcleod Russel, BPCL, Lanco Infratech, Sanguine Media, Hatsun Agro, Bajaj Electrical, Rel Comm, Abhishek Ind, GVK,

  • Abhishek Industries plans Rs 963 cr capex

    30th November, 2007 08:35

    Abhishek Industries, the flagship company of the Rs 1,500-crore Trident group, has chalked out a Rs 963-crore investment plan to set up an industrial-cum-agro-tech

  • Wall Street ends flat; Dow up 22 points

    30th November, 2007 08:26

    Wall Street ended flat as investors wait for Bernanke's speech for signals of further rate cuts. The Dow Jones industrial average gained 22.28 points, or 0.17%, to

  • F&O cues: Marketwide rollover at 83%

    30th November, 2007 08:15

    F&O cues: Marketwide rollover at 83% vs 84% seen last time.

  • Market cues: FIIs net sell $111.6 mn

    30th November, 2007 08:08

    Market cues: FIIs net sell USD 111.6 million in equity on Nov 28.

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