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Moneycontrol News Archive : 24 April, 2008

  • Chrysler’s Indian test drive  

    24th April, 2008 21:38

    Chrysler wants to get everything right in India, which is why it has started developing models in the country even before launching its first car. The American maj

  • Do due diligence before hiring recovery agents: RBI 

    24th April, 2008 21:12

    The Reserve Bank of India, or RBI, has released final norms for banks engaging recovery agents. It says banks should have a due diligence process for hiring recove

  • Inflation not to flare up further: Bankers 

    24th April, 2008 20:41

    Bankers feel that, owing to the good monsoons and the increase in production, the inflation may stabilise. OP Bhatt said that he sees inflation at 6.5% in around t

  • Bharti Airtel Q4 PAT seen up 3.4% at Rs 1780.71 cr

    24th April, 2008 19:39

    Bharti Airtel is to decalre its Q4FY08 results. According to CNBC-TV18 estimates, its net profit is expected to go up 3.4% from Rs 1722 crore to Rs 1780.71 crore,

  • NCDEX- Trade details for April 24, 2008

    24th April, 2008 19:29

    NCDEX, 471 members (2,353 users) participated in trading on April 24, 2008 up to 5:00 pm and volumes were Rs 1,926 crore (one-way). Active trades were high in amo

  • BTS invests in Mantri Metallics Pvt Ltd

    24th April, 2008 19:05

    Swiss PE firm BTS has invested US$ 5 million in Mantri Metallics Pvt. Ltd., a Kolhapur based company engaged in manufacture of fully machined casting component

  • Jeevansathi.com starts Jeevansathi.com Match Point

    24th April, 2008 18:55

    Jeevansathi.com, India’s fastest growing matrimonial site, has opened its first ‘Jeevansathi.com Match Point’ in Lucknow. In the next 6 months, 25-30 Jeevansathi.c

  • US jobless claims for Apr19 wk down 33k

    24th April, 2008 18:43

    US jobless claims for week-ended April 19 is down 33,000 to 3.42 lakh, reports CNBC-TV18. However, those for week-ended April 12 have been revised to 3.75 lakh as

  • ICICI Bank signs MOU with Agrinergy

    24th April, 2008 18:33

    ICICI Bank signs MOU with Agrinergy to promote Carbon Credit Business in India. The Cluster Banking Group of ICICI Bank which will drive this arrangement focuses o

  • Sterlite Ind Q4 PAT seen down 16.5% at Rs 945.5

    24th April, 2008 18:22

    Sterlite Industries is to announce fourth quarter results. According to CNBC-TV18 estimates, its Q4 net sales are seen down 4.6% at Rs 5963.9 crore versus Rs 6251.

  • Rupee, bonds end lower

    24th April, 2008 18:12

    The spot rupee ended lower at Rs 40.17 per USD as against its previous close of Rs 40.05. The widely traded 8.24%, 2018 paper closed lower at Rs 100.39 as against

  • Hero Honda FY08 net profit up 13% at Rs 968 cr

    24th April, 2008 18:00

    Hero Honda has announced its Q4 and FY08 numbers. It has posted standalone Q4 net profit of Rs 298.70 crore as against Rs 195 crore, a growth of 53.18% YoY. Net sa

  • Idea Cellular cons annual revenue at Rs 67374mn

    24th April, 2008 17:43

    Idea Cellular Limited: Consolidated Annual revenue at Rs 67374 million, EBITDA at Rs 22693 million, PAT at Rs 10423 million. Idea closed the year with a subscriber

  • HSBC wins ICICI Prudential MF mandate in India

    24th April, 2008 17:34

    ICICI Prudential Asset Management Company has appointed HSBC Securities Services to provide fund administration for over 100 schemes. With assets under management

  • Hind Zinc plans capex of Rs 3600 cr

    24th April, 2008 17:29

    Hindustan Zinc has announced its fourth quarter results. The company's Q4 net profit was at Rs 1278 crore versus Rs 935 crore. Planned capex of Rs 3600 crore for n

  • Garware Offshore's total income of Rs 140cr for 15mths

    24th April, 2008 17:25

    Garware Offshore records Total Income of Rs. 140 crores for 15 months, Profit for the period stands at Rs. 49.61 crores

  • WD introduces My Passport Elite™ USB Hard Drives

    24th April, 2008 17:20

    WD® expands best-selling portable storage family with top-of-the-line my passport® elite™ USB hard drives, packed with features, new portable storage devices cater

  • Hinduja Ventures total income Rs 264.22cr, PAT Rs 55cr

    24th April, 2008 17:05

    Hinduja Ventures Limited total income of Rs 264.22 crore with Net Profit After Tax of Rs 55.17 crore

  • Mkt likely to touch 5,100 soon: KR Choksey Sec 

    24th April, 2008 17:02

    Deven Choksey of KR Choksey Securities said the Sensex is in a range of around 16,340 at lower levels and around 17,200 at higher levels. “The markets should move

  • Cipla Q4 net seen up 43% at Rs 180 cr

    24th April, 2008 16:56

    Cipla is to announce its Q4FY08 numbers. According to CNBC-TV18 estimates, the company is expected to post 43% growth in its Q4 net profit of Rs 180 crore as again

  • F-Secure increases its revenue by 15% during its Q108

    24th April, 2008 16:49

    F-Secure continues solid growth and good profitability for Q1 of 2008, the strength of the service-based business again yields strong results for the company. The

  • Buy Greaves Cotton, target of Rs 442: Emkay

    24th April, 2008 16:41

    Emkay Research has maintained its buy rating on Greaves Cotton with a target price of Rs 442. Greaves Cotton Limited (GCL) reported results broadly in-line with re

  • Adlabs Cinemas comes to Coimbatore

    24th April, 2008 16:39

    Adlabs Cinemas, part of the Reliance Anil Dhirubhai Ambani Group and India's leading entertainment conglomerate Adlabs Films, has opened at Coimbatore, Tamil Nadu.

  • Buy Axis Bank, target of Rs 1200: Emkay

    24th April, 2008 16:26

    Emkay Research has maintained its buy rating on Axis Bank with a target price of Rs 1200. At the current valuations, the stock is quoting at 18.4x FY10E EPS and 2.

  • Ranbaxy an outperformer: Prabhudas Lilladher

    24th April, 2008 16:23

    Prabhudas Lilladher has maintained outperformer rating on Ranbaxy with target price of Rs 589. We expect RLL to report 24% CAGR in net sales and 46% CAGR in net pr

  • Maruti Suzuki-Nissan in talks for OEM supply  

    24th April, 2008 16:18

    In a conference call the management said that Maruti Suzuki is in talks with Nissan for OEM supply for A-Star car. It also said that they were negotiating prices w

  • UltraTech Cement an outperformer: P Lilladher

    24th April, 2008 16:17

    Prabhudas Lilladher has maintained outperformer rating on Ultra Tech Cement with target price of Rs 992. At the current market price, the stock trades at a P/E of

  • Mkt may have already seen bottom: Edelweiss 

    24th April, 2008 16:12

    Abhijit Chakraborty of Edelweiss Capital said that the market rally has been decent and it has taken most people by surprise but at the current valuation, trading

  • Samsung launches new 2008 Series of flat panel TV's

    24th April, 2008 16:07

    Samsung launches its New 2008 Series of Flat Panel Televisions with Breakthrough technology and Design in the Indian Market

  • P-Notes regulations not a knee-jerk reaction: Sebi 

    24th April, 2008 16:02

    The Sebi Chairman, CB Bhave said that the regulation on P-Notes is not a knee-jerk reaction. All regulation intervention is only after market consultation, he adde

  • Gayatri Projects bags orders worth Rs 96.79cr

    24th April, 2008 15:55

    Gayatri Projects Ltd, one of the oldest infrastructure companies based in Hyderabad, has bagged six new orders aggregating to Rs 96.79 crores

  • Tata Steel may slips to Rs 757-760: Bose 

    24th April, 2008 15:46

    Technical Analyst, Rajat K Bose is of the view that if Tata Steel breaks Rs 776 then the old support level around Rs 757-760 might be tested.

  • Transcend's launches T.sonic™ 615

    24th April, 2008 15:35

    Transcend Information, Inc. (Transcend), a global leader in flash memory products, has announced the availability of a new addition to its successful line of T.son

  • Rollovers are at 68-70% of the market  

    24th April, 2008 15:31

    Rollovers are at about 68-70% of the market right now. Remember we are starting from a very low base. In March we actually had one of the lowest rollovers in the l

  • ACC's PAT Rs 357.54cr, higher by 0.5%

    24th April, 2008 15:23

    ACC's Profit after Tax for the quarter of Rs.357.54 crore is higher by 0.5% as compared to Rs.355.65 crore for the corresponding period of the previous year

  • Nicholas Piramal to list demerged entity in June 

    24th April, 2008 15:11

    Ajay Piramal, Chairman, Nicholas Piramal stated that Nicholas Piramal’s dividend has increased from 175% to 210% and their FY08 EPS was at Rs 17.4 versus 10.5 la

  • HCL Infosystems Q3 net profit at Rs 81.48 cr

    24th April, 2008 15:10

    HCL Infosystems has announced its third quarter results. The company's Q3 net profit was down at Rs 81.48 crore versus Rs 87.98 cr, YoY.

  • Net profit up 10% at Rs 550 cr: Central Bank 

    24th April, 2008 15:08

    Central Bank has announced its results, the bank has clocked its net profit up 10% at Rs 550 crore. Meanwhile, the bank's NII is at Rs 2235 crore.

  • Sell Sasken, target of Rs 147: PINC

    24th April, 2008 15:02

    PINC Research has maintained its neutral rating on Sasken Communication Technologies with a 12-month price target of Rs 147. At the CMP of Rs 188, SCTL is trading

  • Bombay Rayon, Jam Session acquire brand GURU rights 

    24th April, 2008 14:56

    Prashant Agarwal, MD, Bombay Rayon Fashions, said its subsidiary has acquired the rights to run the GURU brand all over Europe and in future all over the world, wi

  • Reliance Infrastructure locked at 5% upper circuit

    24th April, 2008 14:52

    Reliance Industrial Infrastructure is locked at 5% upper circuit. At 2:42 pm the share was quoting at Rs 1,275.95, up Rs 60.75. It has touched an intraday high of

  • HDFC Bank's total income of Rs 3505.5cr

    24th April, 2008 14:45

    HDFC Bank's total income of Rs 3505.5cr for the quarter ended March 31, 2008, as against Rs 2321.0cr in the corresponding quarter ended March 31, 2007, registering

  • Idea Cellular Q4 net up 17.45% at Rs 278 cr

    24th April, 2008 14:44

    Idea Cellular has declared its Q4 and FY08 numbers. It has reported 17.45% growth in its net profit of Rs 278 crore as against Rs 236.7 crore in previous quarter.

  • Marico reports revenue of Rs 1907cr for FY08

    24th April, 2008 14:36

    Marico turned in a revenue of Rs 1907 crore during FY08. At 22%, it was another year of healthy growth over the previous year. This comprised 17% organic growth ac

  • Buy Infotech Enterprises, target of Rs 303: Angel

    24th April, 2008 14:20

    Angel Broking has maintained its buy rating on Infotech Enterprises with a target Price of Rs 303. At the CMP, the stock is trading at 10.1x FY2010E EPS.

  • HDFC Bank Q4 net up 37% at Rs 471 cr

    24th April, 2008 14:18

    HDFC Bank has announced its Q4 and FY08 numbers. It has reported standalone net profit of Rs 471.1 crore versus Rs 343.5 crore, a growth of 37.08% and net interest

  • Nicholas Piramal Q4 net profit at Rs 130 cr

    24th April, 2008 14:12

    Nicholas Piramal has announced its fourth quarter numbers. It has posted Q4 net profit of Rs 130 crore and net sales of Rs 770 crore.

  • Polaris Software Lab slips further

    24th April, 2008 14:09

    At 1:59 pm, Polaris Software Lab was quoting at Rs 101.05, down Rs 6.85, or 6.35%. It has touched an intraday high of Rs 104.80 and an intraday low of Rs 98.50. I

  • Marico to maintain 15% growth going forward 

    24th April, 2008 14:00

    Vinod Kamath, CFO, Marico Industries, said net profit includes other income from the Sil sale. The company will maintain margins going forward. He was speaking to

  • Mercator Lines gains on large volume

    24th April, 2008 13:59

    At 1:53 pm, Mercator Lines was quoting at Rs 94.65, up Rs 5.15, or 5.75%. It has touched an intraday high of Rs 97.30 and an intraday low of Rs 90.20. It was tradi

  • Ambuja Cement Q1CY08 adj PAT seen at Rs 372 cr

    24th April, 2008 13:54

    Ambuja Cement is to announce its Q1CY08 results. According to CNBC-TV18 estimates, its adjusted PAT seen down 2.6% at Rs 372 crore from Rs 382 crore.

  • RBI reference rate for US $ & Euro

    24th April, 2008 13:48

    The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.95 and the Reference Rate for Euro is Rs.63.80 on April 23, 2008. The corresponding rates for

  • 91 day Treasury Bills : Auctions Results

    24th April, 2008 13:25

    91 day Treasury Bills : Auctions Results. Date of Auction : April 23, 2008

  • Innovative solutions for lighter cars & less emissions

    24th April, 2008 13:09

    Innovative solutions for lighter cars and less emissions. hybrid composite sheet systems, developed by LANXESS in cooperation with industrial partners, are used in

  • Maruti Suzuki Q4 net sales up 8% to Rs 4783.8 cr 

    24th April, 2008 13:05

    Maruti Suzuki India has announced its fourth quarter results. The company's Q4 standalone net profit was down 34% at Rs 297.6 crore versus Rs 448.5 crore, YoY.

  • United Spirits bounces back

    24th April, 2008 13:00

    At 12:51 pm, United Spirits was quoting at Rs 1,733.05, up Rs 139, or 8.72%. It has touched an intraday high of Rs 1,735.15 and an intraday low of Rs 1,610.05. It

  • Buy Visa Steel, target of Rs 85: PINC

    24th April, 2008 12:55

    PINC Research has maintained its buy rating on Visa Steel with a 12-month price target of Rs 85. At the CMP of Rs 48, the stock trades at a P/E of 2.8x and an EV/E

  • Ruchi Soya shoots up smartly

    24th April, 2008 12:48

    At 12:40 pm, Ruchi Soya Industries was quoting at Rs 99.60, up Rs 9.20, or 10.18%. It has touched an intraday high of Rs 101.15 and an intraday low of Rs 90. It wa

  • Hold IFCI, says S Dhawan 

    24th April, 2008 12:44

    Sajiv Dhawan of JV Capital Services is of the view that one can hold IFCI. Once it crosses Rs 75-80, one can take some trading profits and investment profits.

  • Arvind Mills rolls down

    24th April, 2008 12:28

    At 12:20 pm, Arvind Mills was quoting at Rs 55, down Rs 1.6, or 2.83%. It has touched an intraday high of Rs 57.80 and an intraday low of Rs 53.55. Diesel and the

  • Stay away from Polaris Software Lab: S Dhawan 

    24th April, 2008 12:25

    Sajiv Dhawan of JV Capital Services is of the view that one can stay away from Polaris Software Lab. The valuations of the company aren’t that attractive compared

  • 20-25% chances of Sensex stooping to 11K: Ridham Desai 

    24th April, 2008 12:21

    Ridham Desai of Morgan Stanley said that, the price correction shows that India may be in a bear market. The market may take some more time to form a bottom, Desai

  • Gokul Refoils & Solvent IPO price band fixed at Rs 175- 195

    24th April, 2008 12:18

    Gokul Refoils And Solvent Limited has received ROC clearance and has fixed a price band of Rs 175-195 for its forthcoming Initial Public Offer of 71,58,392 equity

  • Maruti Suzuki top loser on the Nifty

    24th April, 2008 12:00

    Maruti Suzuki is top loser on the Nifty. At 11:56 am, Maruti Suzuki India was quoting at Rs 737, down Rs 28.05, or 3.67%. It has touched an intraday high of Rs 777

  • Buy Ranbaxy Laboratories : Edelweiss

    24th April, 2008 11:58

    Edelweiss has maintained its buy rating on Ranbaxy Laboratories. The company's Q1CY08 results were in line with research firm's expectations in terms of operationa

  • Zero Friction announces Vixture Gaming Championship

    24th April, 2008 11:50

    ZFriction Ltd (“Zero Friction”), Asia’s premier integrated entertainment corporation, in association with Electronic ArtsTM, announced the launch of Vixture (www.v

  • Lupin's subsidiary Kyowa gets 10 product approvals

    24th April, 2008 11:39

    Lupin Ltd announced that its subsidiary in Japan, Kyowa Pharmaceutical Industry Co Ltd, (Kyowa) has received approvals for 10 products from the Ministry of Health

  • Sterlite Technologies surges on new order

    24th April, 2008 11:39

    At 11:29 am, Sterlite Technologies was quoting at Rs 203, up Rs 3.15, or 1.58%. It has touched an intraday high of Rs 207 and an intraday low of Rs 200.05. The com

  • ICSA Q4 net profit up at Rs 37.46 cr

    24th April, 2008 11:37

    ICSA has decalred its fourt quarter results. The company's Q4 net profit was was up at Rs 37.46 crore from Rs 18.31 crore.

  • Buy sugar stocks on dips: Sukhani 

    24th April, 2008 11:34

    Technical Analyst, Sudarshan Sukhani is of the view that one can buy sugar stocks on dips. Every two-three day decline in the stock prices is an opportunity to go

  • SpiceJet soars high

    24th April, 2008 11:32

    At 11:24 am, SpiceJet was quoting at Rs 42.80, up Rs 2.65, or 6.60%. It has touched an intraday high of Rs 44.25 and an intraday low of Rs 40.55. It was trading wi

  • Buy Polaris Software Lab on dips: Sukhani 

    24th April, 2008 11:28

    Technical Analyst, Sudarshan Sukhani is of the view that one can buy Polaris Software Lab on dips.

  • NIFCO, Oman selects 3i Infotech’s MFund™ Suite

    24th April, 2008 11:22

    3i Infotech, said that it is continuing its expansion in the high growth Mutual Funds sector within the GCC region, with the announcement of National Investment Fu

  • Buy paper stocks: Sukhani 

    24th April, 2008 11:14

    Technical Analyst, Sudarshan Sukhani is of the view that one can buy paper stocks and holds positions.

  • Buy Cairn India: Sukhani 

    24th April, 2008 11:11

    Technical Analyst, Sudarshan Sukhani is of the view that one can buy Cairn India.

  • IFCI has resistance at Rs 70: Sukhani 

    24th April, 2008 10:59

    Technical Analyst, Sudarshan Sukhani is of the view that IFCI has resistance at Rs 70. There is a trading opportunity at Rs 61-62. But for investors the stock shou

  • Indian GDRs: ITC slips 5.6%, Gail up 3.2%

    24th April, 2008 10:51

    Indian GDRs: Gail, Dr Reddy'd, Infosys, Satyam, Tata Motors, Tata Comm and Sterlite gained, while ITC and Reliance plunged.

  • Cosmo Films puts on good show

    24th April, 2008 10:35

    At 10:28 am, Cosmo Films was quoting at Rs 114.90, up Rs 9.90, or 9.43%. It was trading with volumes of 108,541 shares. Yesterday the share closed down 2.01% or Rs

  • HB Stkholding up its stake in DCM Shriram Ind, stk up

    24th April, 2008 10:29

    At 10:21 am, DCM Shriram Industries was quoting at Rs 119.75, up Rs 4.70, or 4.09%. HB Stockholding has increased its stake in DCM Shriram Ind to 25.05%, report CN

  • Gokul Refoils IPO opens on May 8, price band Rs 175-195

    24th April, 2008 10:19

    Gokul Refoils and Solvent, engaged in business of solvent extraction, refining of Edible oils and Vanaspati manufacturing, has received ROC clearance and has fixed

  • Buy Jain Irrigation, tgt Rs 811: Angel Broking

    24th April, 2008 10:08

    Angel Broking has maintained buy rating on Jain Irrigation with target price of Rs 811. Currently, the stock is available at 16.1x FY2010E FDEPS of Rs 40.6.

  • How to 'inflate' your wealth

    24th April, 2008 10:00

    Our resident 'Happionaire' Yogesh Chabria tips you off on how to create wealth by investing in yourself.

  • Polaris Software plunges 6.4%

    24th April, 2008 09:59

    At 09:58 am, Polaris Software Lab was quoting at Rs 100.75, down Rs 6.95, or 6.45% on the NSE. It has touched an intraday high of Rs 104.40 and an intraday low of

  • Brokers bullish on Axis Bank, RIL, TCS

    24th April, 2008 09:56

    Brokerage houses are bullish on Axis Bank, Ultratech Cement, Jubilant Organosys, PSTL, RIL, Ranbaxy, Jain irrigation, TCS, JP Associates, Ranbaxy and Biocon.

  • Market likely to remain volatile

    24th April, 2008 09:52

    According to Networth Stock Broking Market Review report, Market is expected to open firm and will remain volatile ahead of April F&O series expiry.

  • Nifty has resistance at 5080-5120

    24th April, 2008 09:50

    According to Angel Broking Market Outlook report, Nifty will face resistance at 5080-5120 levels, and if it sustains above this level it may test 5200 levels. On t

  • Resistance for Nifty at 5131

    24th April, 2008 09:46

    The support for the Nifty is at 5000 and resistance to the up move at 5131.

  • Analysing April Series

    24th April, 2008 09:42

    What a good series this has been. As I write this, Nifty is up 4% and expiry day volatility notwithstanding, should close the series with around 4-5% gains.

  • Anu's Labs files for IPO

    24th April, 2008 09:38

    Hyderabad-based Anu's Laboratories has filed draft red herring prospectus with Sebi to raise around Rs 800 million from the capital markets, reports The Hindu Busi

  • Cosmo Films Q4 net profit at Rs 14.2 cr

    24th April, 2008 09:28

    Cosmo Films has declared its results for the quarter ended March 2008. The company's net profit was at Rs 14.2 crore versus Rs 9.61 crore.

  • Hindustan Zinc Q4 NPAT seen down 15.4% at Rs 791 cr

    24th April, 2008 09:25

    Hindustan Zinc is to declare its Q4FY08 numbers. According to CNBC-TV18 estimates, the company is likely to report de growth of 15.4% in net profit after tax of Rs

  • Idea Cellular Q4 net seen up 9.66% at Rs 259.69 cr

    24th April, 2008 09:20

    Idea Cellular is to announce its Q4FY08 numbers. According to CNBC-TV18 estimates, the company is expected to post 9.66% growth in its net profit of Rs 259.69 cror

  • Gujarat NRE Coke Q4 PAT seen up at Rs 85.4 cr

    24th April, 2008 09:18

    Gujarat NRE Coke is to announce its Q4FY08 numbers. According to CNBC-TV18 estimates, the company is expected to post profit after tax of Rs 85.4 crore versus Rs 5

  • No great upside in Polaris Soft in medium term  

    24th April, 2008 09:16

    The market should be disappointed as Polaris deferred buyback plan and there are much better stocks in the midcap IT space. In the medium term no great upside.

  • Concor Q4 net profit at Rs 203 cr

    24th April, 2008 09:11

    Concor has declared its results for the quarter ended March 2008. The company's net profit was at Rs 203 crore versus Rs 169 crore.

  • Nifty likely to witness range of 5070-4970

    24th April, 2008 09:00

    The coming session is likely to witness a range of 5070 on advances and 4970 on declines. As long as the bears maintain Nifty levels below the 5035 mark, the outlo

  • Equity calls: Kapoor, Singhal, Bhambwani 

    24th April, 2008 08:57

    The rollovers are better than the previous two expiries. The Nifty may face resistance at 5150-5200 level, says Singhal.

  • Fund Action witnessed in stocks on 23rd April

    24th April, 2008 08:53

    On April 23, fund action was witnessed in Indo Tech Transformers, Monnet Ispat, Zenith Infotech and Strides Arcolab.

  • Sell MCX June Gold below Rs 11650

    24th April, 2008 08:50

    For gold, one could sell MCX June below Rs 11,650 per 10 grams with a target of Rs 11,530 per 10 grams, says Narne.

  • Money calls: Bhandari, Pawar

    24th April, 2008 08:45

    Not much activity is expected in the bond market. The liquidity situation remains comfortable, says Bhandari.

  • DLF enters into pact with TIDCO for Chennai project

    24th April, 2008 08:42

    DLF Ltd and the Tamil Nadu Industrial Development Corporation (TIDCO) have entered into a joint venture agreement for a Rs 1,500-crore Information technology Speci

  • Shoppers’ Stop unveils new logo

    24th April, 2008 08:35

    Shoppers’ Stop has a new identity and logo. With the changed identity, Shoppers Stop has upgraded its positioning to a ‘bridge to luxury’ store.

  • IOC may consider liquidating bonds, cross-holdings

    24th April, 2008 08:30

    Indian Oil Corporation has been financially constrained due to under-recoveries. The borrowing has increased to Rs 36,000 crore for financial year 2007-08, said Mr

  • F&O cues: Marketwide rollover at 61%

    24th April, 2008 08:22

    F&O cues: Marketwide rollover at 61% vs 58% seen on D-1 of last expiry.

  • US mkts end with modest gain; Dow up 43 pts

    24th April, 2008 08:12

    US markets advanced as a range of technology companies posted strong results. In US, Apple blew past earnings and sales expectations, sending the share price highe

  • Asian markets end lower

    24th April, 2008 08:00

    Asian markets ended lower. Japan's Nikkei declined 0.28% or 38.29 points at 13,540.87. Taiwan's Taiwan Weighted fell 0.20% or 18.16 points at 8,990.33. Singapore's

  • Reliance Globalcom acquires 90% in UK's eWave World 

    24th April, 2008 21:18

    Reliance Globalcom, a fully owned subsidiary of Reliance Communications, has acquired 90% stake in UK-based Wi-Max operator eWave World. Globalcom is betting on eW

  • Cabinet amends Mines & Mineral Regulation Bill

    24th April, 2008 20:52

    The Cabinet has okayed amendment to the Mines & Mineral Regulation Bill, reports CNBC-TV18. The amendment would facilitate auction of captive coal blocks. Meanwhil

  • Tata Power achieves financial closure for Mundra UMPP

    24th April, 2008 19:39

    Tata Power has achieved financial closure for Mundra ultra mega power project, reports CNBC-TV18. Financials include Rs 4,250 crore of equity, ECBs of USD 1.8 bill

  • Tata Steel's T Mukherjee awarded IOM3 Bessemer Gold Medal

    24th April, 2008 19:34

    The Institute of Materials, Minerals and Mining in the UK has awarded the 2008 Bessemer Gold Medal to Dr. Tridibesh Mukherjee, Tata Steel Group Director, Integrati

  • IFC advises on Vizag-Kakinada coastal roads

    24th April, 2008 19:13

    IFC, a member of the World Bank Group, will advise the Infrastructure Corporation of Andhra Pradesh, known as INCAP, on a coastal roads project to boost economic g

  • Wockhardt Q1CY08 PAT seen at Rs 87 cr

    24th April, 2008 19:02

    Wockhardt is to announce Q1CY08 results. According to CNBC-TV18 estimates, the company’s net profit is seen up 31% at Rs 87 crore versus Rs 66.30 crore.

  • RBI, Fed meet key to mkts trading ahead: Lotus AM 

    24th April, 2008 18:54

    Ajay Bagga, CEO, Lotus Asset Management, said the April 29 Credit Policy and the Fed meet could give direction to the markets. “The biggest possibility right now i

  • Idea to start ops in Mumbai, Bihar by Sept

    24th April, 2008 18:42

    Idea plans to start operations in Mumbai, and Bihar in July or September, reports CNBC-TV18, quoting Newswire18. The company has denies reports of a stake sale in

  • Don't enter in IT: Bagga 

    24th April, 2008 18:22

    Ajay of Lotus Asset Management is of the view that one should not enter in IT space.

  • Sony India launches ‘DAV-DZ370’ BRAVIA Theatre System

    24th April, 2008 18:21

    Sony’s new BRAVIA theatre system ‘DAV-DZ370’ offers an absolute theatre experience. BRAVIA Theatre System, especially designed for a perfect match with the BRAVIA

  • ICSA India’s net up by 115% in FY08 at Rs 1265.07mn

    24th April, 2008 18:08

    ICSA (India) Limited has posted excellent profits for the year ended March 31, 2008. ICSA posted a profit after taxation of Rs 126.5 crores for the Year ended Marc

  • Zensar reports 25% YoY growth in Q4 profits

    24th April, 2008 17:55

    Zensar reports 25% YoY growth in Q4 profits. Revenue was up 19% YoY to Rs 204.00 Cr. EPS up from Rs 7.29 to Rs 8.99, 23% sequential increase

  • Siemens Q2 PAT seen up at Rs 159.6 cr

    24th April, 2008 17:39

    Siemens is to announce its Q2FY08 numbers. According to CNBC-TV18 estimates, the company is expected to post profit after tax of Rs 159.6 crore versus Rs 108 crore

  • India Star holds around 30% in Garware Offshore 

    24th April, 2008 17:33

    Sandeep Akolkar, President–Finance, Garware Offshore, said the company, on a consolidated basis this quarter, has done around Rs 26.36 crore and Rs 6.4 crore in to

  • Idea plans capex of USD 1.4 billion

    24th April, 2008 17:27

    Idea Cellular has declared its Q4 and FY08 numbers. It has reported 17.45% growth in its net profit of Rs 278 crore as against Rs 236.7 crore in previous quarter.

  • Shree Renuka Q2 cons net profit at Rs 32cr

    24th April, 2008 17:24

    Shree Renuka has declared its second quarter results. Its Q2 consolidated net sales were at Rs 555.90 crore versus Rs 303.30 crore, YoY.

  • Indiabulls Financial Services revenues up 90%, PAT up 57%

    24th April, 2008 17:15

    Indiabulls Financial Services revenues up 90%, PAT up 57%. The Consolidated total revenues have increased 110.8% to Rs 1,688.8 crores in FY08 from Rs 801.2 crore i

  • Perot Sys & Surgical Care Affiliates signs 5 yr agreement

    24th April, 2008 17:04

    Perot Systems and Surgical Care affiliates sign five-year agreement to implement advanced technology solutions. Through this agreement, Perot Systems will help SCA

  • Arvind Mills has support at Rs 49: Bose 

    24th April, 2008 17:00

    Technical Analyst, Rajat K Bose is of the view that Arvind Mills has support at Rs 49.

  • CorpBank institutes Corp Excel 2008

    24th April, 2008 16:52

    Recognising the importance of micro, small and medium enterprises, Corporation Bank has instituted National Excellence Awards for such enterprises. SMEs will be s

  • West Bengal opens doors to Infosys, Wipro 

    24th April, 2008 16:43

    Wipro and Infosys are all set to log into West Bengal with big investments. Both the companies will be setting up facilities on a proposed 1,200-acre IT park in Ra

  • Gujarat NRE Coke Q4 net profit up at Rs 64 cr

    24th April, 2008 16:40

    Gujarat NRE Coke has come out with fourth quarter numbers. It has reported Q4 net profit of Rs 64 crore as against Rs 50.9 crore and net sales of Rs 381 crore vers

  • Hero Honda Q4 net up 53% at Rs 298.70 cr

    24th April, 2008 16:29

    Hero Honda has announced its Q4 and FY08 numbers. It has posted standalone net profit of Rs 298.70 crore as against Rs 195 crore, a growth of 53.18% YoY. Net sales

  • Hind Zinc Q4 net profit at Rs 1278 cr

    24th April, 2008 16:23

    Hindustan Zinc has announced its fourth quarter results. The company's Q4 net profit was at Rs 1278 crore versus Rs 935 crore.

  • Indian Bank crosses Rs 1 lakh crore mark

    24th April, 2008 16:18

    The banks' total business has crossed Rs 1, 00, 000 crore mark. It has opened 20 Banking Service Centres.

  • Buy Reliance Industries, target of Rs 3344: Angel

    24th April, 2008 16:17

    Angel Broking has maintained its buy rating on Reliance Industries with a target Price of Rs 3344. RIL stock is available at 18.7x FY2010E FDEPS of Rs 139.1.

  • Auto makers hike prices 

    24th April, 2008 16:14

    Getting your hands on that dream car might just get a bit more difficult. Most car-makers are looking at increasing the prices as early as next week. Hyundai will

  • AP asks cement cos to surrender unused limestone mines

    24th April, 2008 16:11

    The Andhra Pradesh government may ask cement companies to surrender unused limestone mines, reports CNBC-TV18, quoting Newswire18. It has sought powers from the Ce

  • Buy Ranbaxy Laboratories, target of Rs 603: Angel

    24th April, 2008 16:07

    Angel Broking has maintained its buy rating on Ranbaxy Laboratories with a target price of Rs 603. At the CMP, the stock is trading at 26.8x CY2008E and 19.6x CY20

  • Accumulate Exide Industries: Angel

    24th April, 2008 15:56

    Angel Broking has recommended an accumulate rating on Exide Industries. Exide Industries clocked 49.6% growth in Net Sales to Rs 791.3 crore. At the CMP, the stock

  • Trianz Blog- The voice of high-tech biz operations

    24th April, 2008 15:46

    Trianz, a global technology services firm that provides management consulting, technology and operations outsourcing services to a diversified client base worldwid

  • Below Rs 791, ACC may retest Rs 770: Bose 

    24th April, 2008 15:36

    Technical Analyst, Rajat K Bose is of the view that ACC, if Rs 791 is broken then one can see further fall happening maybe if good volumes happens below Rs 791 the

  • HDFC Bank's NIMs stable at 4.4% YoY  

    24th April, 2008 15:32

    Paresh Sukthankar, ED, HDFC Bank said that his bank has seen an asset growth of 55%. The bank would add around 150 branches by June 30, 2008, Sukhtankar said. The

  • Indiabulls Fin Q4 net profit up at Rs 189 cr

    24th April, 2008 15:31

    Indiabulls Financial Services has declared its fourth quarter results. The company's Q4 net profit was up at Rs 189 crore versus Rs 120.9 crore, YoY.

  • Liquidity adjustment facility: Auction Results

    24th April, 2008 15:13

    The results of the RBI Repo/Reverse Repo auctions held on April 23, 2008.

  • R Com acquires UK-based 4G Operator e-Waves, stk down

    24th April, 2008 15:10

    At 3:01 pm, Reliance Communications was quoting at Rs 537, down Rs 11.65, or 2.12%. The company has acquired UK-based 4G Operator e-Waves, reports CNBC-TV18. It wa

  • Maruti Q4-FY08 MTM loss amounted to Rs 50cr

    24th April, 2008 15:09

    Maruti Suzuki’s Q4 net sales was up 8% to Rs 4783.8 crore vs Rs 4429.76 crore. Net profit was down 33.6% to Rs 297.68 crore vs Rs 448.56 crore. Capex was in line w

  • Dish TV Board approves Rs 1200 cr rights issue 

    24th April, 2008 15:07

    Jawahar Goel, MD, Dish TV informed CNBC-TV18 that their Board has approved the right issue of upto Rs 1,200 crore. "The company has tied up the debt roughly about

  • EID Parry hits 52-week high

    24th April, 2008 15:00

    EID Parry has touched a 52-week high of Rs 229.30. At 2:55 pm, the share was quoting at Rs 218, up Rs 10.90, or 5.26%. The company has approved selling Its 47% sta

  • Kingston Technology releases DDR2-800 FB-DIMMs

    24th April, 2008 14:55

    Kingston Technology Company, Inc announced it is releasing a family of DDR2-800 fully-buffered dual-inline memory modules (FB-DIMMs) designed for systems using Int

  • Angel neutral on UltraTech Cement

    24th April, 2008 14:46

    Angel Broking has maintained its neutral rating on UltraTech Cement. Angel maintains its Neutral view on the stock despite its attractive valuations as Angel beli

  • ENI makes open offer for HOEC at Rs 144.20/sh

    24th April, 2008 14:45

    ENI has made an open offer for HOEC at Rs 144.20 per share. CNBC-TV18 had reported a possibility of open offer on March 31. The offer opens on June 11 and closes o

  • Nicholas Piramal announces result, stock advances

    24th April, 2008 14:39

    At 2:27 pm, Nicholas Piramal was quoting at Rs 338.70, up Rs 8.75, or 2.65%. It has touched an intraday high of Rs 347 and an intraday low of Rs 335. The company h

  • Markets bit choppy on expiry day 

    24th April, 2008 14:32

    It has been a bit choppy market as the expiry days and it’s a bit tired as well. So Nifty struggled a bit in this 5000-5,050 zone for most of the day and is now t

  • ACC declares result, stock down

    24th April, 2008 14:19

    At 2:11 pm, ACC was quoting at Rs 816.40, down Rs 28.9, or 3.42%. It has touched an intraday high of Rs 850 and an intraday low of Rs 812.60. It has posted net pro

  • Idea Cellular Q4 revenue seen at Rs 1869.17 

    24th April, 2008 14:15

    Idea Cellular is to announce its Q4FY08 numbers. According to CNBC-TV18 estimates, the company is expected to post 9.66% growth in its net profit of Rs 259.69 cror

  • HDFC Bank FY08 PAT seen at Rs 1590.98 cr 

    24th April, 2008 14:11

    HDFC Bank is to announce its Q4FY08 numbers. According to CNBC-TV18 estimates, the bank is expected to post 37.35% growth in its Q4 net profit of Rs 471.91 crore a

  • Central Bank of India FY08 net up 10% at Rs 550 cr

    24th April, 2008 14:04

    Central Bank of India has announced its FY08 numbers. It has posted 10% jump in its FY08 net profit of Rs 550 crore. Deposits have gone up by 33.3% at Rs 1.11 lakh

  • Sell SAIL, say Mohindar 

    24th April, 2008 14:00

    Rahul Mohindar of Viratechindia is of the view that one can sell SAIL. It has resistance at Rs 185-190. On the downside if it starts breaking about Rs 167 in the s

  • ACC Q1CY08 net profit at Rs 357.5 cr

    24th April, 2008 13:58

    ACC has announced its Q1CY08 numbers. It has posted net profit of Rs 357.5 crore as against Rs 363.7 crore and net sales of Rs 1795.7 crore versus Rs 1,674.8 crore

  • 364 day Treasury Bills: Auctions results

    24th April, 2008 13:54

    364 day Treasury Bills : Auctions results

  • Re may weaken to Rs40/$ plus levels: StanChart Bk 

    24th April, 2008 13:27

    Sundeep Bhandari, StanChart Bank feels that the rupee would actually be biased towards weakening. "We see rupee stand above Rs 40/USD. In the short term, there wil

  • Scheduled Bks Statement of Position in India as on April 11

    24th April, 2008 13:19

    Scheduled Banks' Statement of Position in India as on Friday, April 11, 2008

  • HCL Info Q4 net profit seen up 2.9% to Rs 83.7 cr

    24th April, 2008 13:07

    HCL Infosystems is to annouce its fourth quarter results. According to CNBC-TV18 estimates, its net profit is seen up 2.9% to Rs 83.7 crore.

  • Marico FY08 net profit up at Rs 169 crore

    24th April, 2008 13:02

    Marico has announced its FY08 results. The company's consolidated net sales were up at Rs 1,906.7 crore from Rs 1,556.9 crore.

  • New nano additive from LANXESS extends tire service life

    24th April, 2008 12:55

    Specialty chemicals group LANXESS AG has developed a new high-performance rubber additive – Nanoprene. This material additive for the rubber mixture of the tire tr

  • Tata Power leads gainers on the Nifty

    24th April, 2008 12:53

    Tata Power Company is top gainer on the Nifty. At 12:46 pm, the share was quoting at Rs 1,366.50, up Rs 41.95, or 3.17%. It has touched an intraday high of Rs 1,37

  • LANXESS iron oxide pigments used to color Olympic Stadiums

    24th April, 2008 12:45

    The specialty chemicals company LANXESS AG is coloring the Olympic stadiums in Beijing with its iron oxide pigment products named Bayferrox. As one of the world’s

  • Cornerstone enters Kolkata to bring luxury in men’s wear

    24th April, 2008 12:37

    Cornerstone enters Kolkata to bring ‘affordable luxury’ in the men’s wear segment of the market

  • Maruti Suzuki’s net profit up 10.8%, Total Income up 23.4%

    24th April, 2008 12:27

    Maruti Suzuki’s Total Income (Net of Excise) for the year 2007-08 climbed to Rs 188,238 million. This is the highest Total Income (Net of Excise) ever in the compa

  • Buy Ranbaxy Labs, target of Rs 656: Karvy

    24th April, 2008 12:24

    Karvy Stock Broking has maintained its buy rating on Ranbaxy Laboratories with a target price of Rs 656. The company's revenues in dollar terms were up by 15 % to

  • ICICI Pru to have only 20 stocks in new portfolio 

    24th April, 2008 12:19

    Prashant Kothari of ICICI Prudential said that ICICI will invest in the top 200 companies sorted by Mid Cap, but they would have only 20 stocks in the portfolio. K

  • Ma Foi & Global Adjustments sign MoU

    24th April, 2008 12:08

    Ma Foi Management Consultants Limited, India’s largest HR Services Provider, with 106 offices in 14 countries, has signed up with Global Adjustments Services Priva

  • JSW Steel to maintain prices for 2-3 months

    24th April, 2008 11:58

    The inflationary trends in the country in the last few months are a cause of concern. To ease the inflationary pressures in the system, JSW Steel has decided to ma

  • Spice Comm up on huge volume

    24th April, 2008 11:50

    At 11:42 am, the share was quoting at Rs 45.15, up Rs 3.85, or 9.32%. It has touched an intraday high of Rs 45.50 and an intraday low of Rs 42. It was trading with

  • Maruti Q4 net profit down 34% at Rs 298 cr

    24th April, 2008 11:48

    Maruti Suzuki India has announced its fourth quarter results. The company's Q4 standalone net profit was down 34% at Rs 297.6 crore versus Rs 448.5 crore, YoY.

  • Buy refining stocks: Sukhani 

    24th April, 2008 11:39

    Technical Analyst, Sudarshan Sukhani is of the view that investors can buy refining stocks at current level.

  • Marico Q4 net seen up 15.9% at Rs 32.6 cr

    24th April, 2008 11:37

    Marico is to announce its Q4FY08 results. According to CNBC-TV18 estimates, it is expected to post 15.9% growth in its net profit of Rs 32.6 crore as against Rs 28

  • Accumulate Biocon: Edelweiss

    24th April, 2008 11:35

    Edelweiss has maintained its accumulate rating on Biocon. Biocon’s Q4FY08 results were in-line with research firms estimates, with YoY sales and EBITDA declining 4

  • ACC Q1CY08 sales seen up 10% at Rs 1840 cr 

    24th April, 2008 11:33

    ACC is to announce its Q1CY08 results. According to CNBC-TV18 estimates, the company sales is likely to go up 10% at Rs 1840 crore from Rs 1674 crore.

  • Radio Mirchi 98.3FM Mumbai celebrates 6th Mirchidaar year

    24th April, 2008 11:31

    It's celebration time at Radio Mirchi 98.3 FM Mumbai, as the station completes six astoundingly successful years in the Indian entertainment and music industry.

  • Bombay Rayon buys brand GURU; stock down

    24th April, 2008 11:27

    At 11:18 am, Bombay Rayon Fashions was quoting at Rs 380.90, down Rs 8.1, or 2.08%. It has touched an intraday high of Rs 395.90 and an intraday low of Rs 377.20.

  • Zee News puts on a good show

    24th April, 2008 11:21

    At 11:12 am, Zee News was quoting at Rs 63.45, up Rs 4.50, or 7.63%. It has touched an intraday high of Rs 64.25 and an intraday low of Rs 59.50. It was trading wi

  • Parsvnath launches Precious Apartments & Parsvnath Mall

    24th April, 2008 11:11

    Parsvnath Developers Limited, India’s leading real estate company with pan India presence having diversified portfolio has announced the launch of its first integr

  • Get Rich Doing Nothing

    24th April, 2008 11:00

    Investments in the stock market are like seeds. They will grow into trees only if you give them time. If you keep removing your seed and changing soils every other

  • Nifty has support at 4995-5010

    24th April, 2008 10:59

    According to Angel Broking Technical Analysis report, the coming trading session is likely to be volatile and immediate support for Nifty is around 4,995-5,010 lev

  • Opted out of buyback to facilitate value unlocking: Polaris 

    24th April, 2008 10:49

    The Polaris management said that restructuring value and unlocking would not have been possible if a buyback was opted for. The management also said that they were

  • Himatsingka Seide hits 52-week low

    24th April, 2008 10:33

    Himatsingka Sei has touched a 52-week low of Rs 51.00. At 10:25 am, the share was quoting at Rs 56.30, down Rs 3.55, or 5.93%. It was trading with volumes of 112,2

  • Buy TCS: ICICI Sec

    24th April, 2008 10:24

    ICICI Sec has maintained buy rating on TCS. TCS Q4FY08 results were disappointing at a mere 1.1% revenue growth (in USD, lowest amongst peers) due to delay in proj

  • Block deal in Mercator Lines, stk up 4%

    24th April, 2008 10:13

    At 10:05 am, Mercator Lines was quoting at Rs 93.20, up Rs 3.70, or 4.13%. There was a block deal of 31 lakh Mercator Lines shares on BSE at Rs 92.60 per share, re

  • Buy Grasim Industries, target of Rs 4025: Karvy

    24th April, 2008 10:04

    Karvy Stock Broking has recommended a buy rating on Grasim Industries with a target price of Rs 4025. At the current market price of Rs 2656, the company is tradi

  • Oil exploration a good space 

    24th April, 2008 09:59

    HOEC has been up 62% in the last one month, it has had a fantastic rally and so some profit booking can always happen but I would be surprised if it goes back to i

  • Buy Ranbaxy tgt Rs 625: Sharekhan

    24th April, 2008 09:58

    Sharekhan research has maintained buy rarting on Ranbaxy with target price of Rs 625. The operational performance of the company, driven by strong cost control and

  • Expect flattish mkt; don't worry about bottoms: Schroders 

    24th April, 2008 09:55

    S.V.Prasad, Schroders said that, the investors are enormously relieved by the 13% come back of the market. It’s a wait and watch period now, he said. He feels it’

  • Expect market to remain volatile

    24th April, 2008 09:52

    According to Khandwala Securities Market Preview report, expect the market to remain volatile as April derivative contracts are set to expire. Moreover the concern

  • Buy Reliance Ind, tgt Rs 3025: Sharekhan

    24th April, 2008 09:48

    Sharekhan research has maintained buy rating on Reliance Industries with target price of Rs 3025. With nine oil and gas discoveries during the year and a portfolio

  • Mkt ends flat: Nifty slips below 5,000 mark

    24th April, 2008 09:44

    It was a choppy day of trade for the makets, it was calm for major part of the day but volatility creeped in the final hour of trade. It finally ended flat on the

  • Short-term traders should exit positions: Sukhani 

    24th April, 2008 09:39

    Sudarshan Sukhani, Technical Trends feels that for the short-term trader, this market looks a bit extended beyond normal. In such a scenario, he should look at exi

  • Expects choppy & volatile trades

    24th April, 2008 09:34

    According to Karvy Stock Broking Technical Analysis report, today, being the expiry session, markets are likely to witness choppy and volatile trades.

  • Aventis Q1 net profit at Rs 34.50 cr

    24th April, 2008 09:25

    Aventis Pharma has announced its standalone results for the quarter ended March 2008. Its net profit was at Rs 34.50 crore versus Rs 43.30 crore on YoY basis.

  • Advani Hotels Q4 net profit at Rs 7.43 cr

    24th April, 2008 09:21

    Advani Hotels has declared its standalone results for the quarter ended March 2008. Its standalone net profit was at Rs 7.43 crore versus Rs 5.28 crore on YoY basi

  • Nifty futures rollover at 62% 

    24th April, 2008 09:19

    Marketwide rollover seen at 61% versus 58% seen on D-1 of last expiry. Nifty futures rollover are at 62% versus 52% seen on D-1 of last expiry. Nifty April at 8-po

  • Gati Q3 net profit at Rs 3.22 cr

    24th April, 2008 09:17

    Gati has announced its standalone results for the quarter ended March 2008. Its standalone net profit was at Rs Rs 3.22 crore versus Rs 6.81 crore on YoY basis.

  • Mkts may rally today on back of global cues

    24th April, 2008 09:12

    European markets rallied last night, and the US indices followed with moderate to good gains. Asian markets are up this morning, and the global short-term trend is

  • Wall St ends with moderate gain 

    24th April, 2008 09:09

    Mixed earnings limited the market homing modest gains here in the US, shares of Boeing soaring after the company posted better than expected 1st quarter earnings.

  • Mkts optimistic; global cues to guide ahead now 

    24th April, 2008 08:59

    Today's the last trading day for the April series. But the rollovers have been good and the markets are optimistic on May. They are ending the April series on a go

  • Crude at $117.91/bbl

    24th April, 2008 08:55

    Crude traded in a choppy manner AND fell from its record high levels. Meanwhile the US government data showed a bigger-than-expected decline in gasoline stocks ahe

  • Duty cut move helps Chinese mkts surge: Tyche Group 

    24th April, 2008 08:52

    Asian indices have picked up further and particular Shanghai because the China government has cut the stamp duty on stocks from about 0.3% to now only 0.1%. Speaki

  • Stocks in news: Polaris, ACC, ENI

    24th April, 2008 08:49

    Stocks in news: Polaris has deferred buyback plans. ACC has results today. ENI has made open offer for HOEC at Rs 144.2/sh.

  • SWA body looks to resolve United Spirits membership issue

    24th April, 2008 08:43

    The Scotch Whisky Association (SWA) is hopeful of resolving the membership of Vijay Mallya-controlled United Spirits, an association spokesperson said here.

  • Shanghai up 10% as China cuts stamp duty on stks 

    24th April, 2008 08:40

    Today Shanghai Composite Index was up more than 10% as Chinese authorities has cut tax on trading on stocks from 0.3% to 0.1%. The stamp tax has come back to its l

  • IPL impact: Zee unscathed; Star and Sony feel the pinch

    24th April, 2008 08:32

    Now that the Indian Premier League (IPL) is in full swing, are prime-time soaps losing viewership? The IPL so far has garnered the highest number of eyeballs but M

  • New guidelines on mergers likely to upset AT&T plans

    24th April, 2008 08:26

    Even as AT&T is talking to a number of new telecom licence holders, including Aircel, Videocon and Idea Cellular for re-entering the Indian mobile space, the new m

  • Market cues: FIIs net buy $97.3 mn

    24th April, 2008 08:17

    Market cues: FIIs net buy $97.3 mn in equity on Apr 22.

  • Indian ADRs: Wipro up 3.8%, Patni up 3.1%

    24th April, 2008 08:07

    Indian ADRs: Wipro, Patni, Infosys, Dr Reddy's, Sterlite, MTNL, Tata Comm and Satyam gained, while HDFC BAnk plunged.

  • MF NAVs decline as mkts end marginally lower

    24th April, 2008 00:10

    Equity diversified NAVs closed lower with negative advance:decline ratio of 69:154 as the markets ended with marginal losses amid a rangebound session after six co

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