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  • MF NAVs decline sharply on weak markets cues

    4th April, 2008 23:38

    Equity diversified NAVs have lost their sheen on Friday with negative advance:decline ratio of 5:195 as negative newsflows have spooked the markets badly. Rising i

  • DEPB may continue till 2010 

    4th April, 2008 20:27

    DEPB, a scheme for duty remission on exports has been extended, after the Finance Ministry failed to agree on a WTO-compatible alternative. The Commerce Ministry m

  • Metso establish Metso Park in India

    4th April, 2008 19:05

    Metso to establish ”Metso Park” in India. The new facility will host both Metso's own new operations and selected key suppliers. Metso Park will initially cater to

  • Banks could be good value picks: V Kapoor 

    4th April, 2008 18:40

    Vibhav Kapoor of IL&FS is of the view that Some of banks could be good value picks in the longer or medium-term.

  • RBI may hike CRR to rein inflation: J&K Bank 

    4th April, 2008 18:23

    Dr Haseeb Drabu, Chairman, J&K Bank, said inflation may not have peaked, but market reaction was over the top. "Inflation rise is not completely surprising. There

  • Rupee ends higher, bonds lower

    4th April, 2008 18:09

    The rupee ended firm today because banks sold dollars on views the Reserve Bank of India may let the rupee appreciate after weekly inflation surged to a three-yea

  • EMC India COE appoints R Vidyasagar as Sr. Director

    4th April, 2008 17:50

    EMC India Center of Excellence appoints R. Vidyasagar as Senior Director - HR. Vidyasagar will be responsible for overseeing all R&D talent acquisition, people man

  • GAIL identifies 230 cities for gas distribution project

    4th April, 2008 17:42

    GAIL has identified 230 cities for their gas distribution project, reports CNBC-TV18 quoting Newswire 18. The company is likely to invest Rs 20,000 crore in the Na

  • Blue Lotus Communications signs-on 10 new clients

    4th April, 2008 17:32

    Blue Lotus Communications signs-on 10 new clients. It has signed on clients such as Champix from Pfizer, Hero Mindmine Institute, 123greetings.com, eRevMax, Zimmer

  • Cisco organize Developer Forum in India

    4th April, 2008 17:23

    Cisco organizes its first developer forum in India. The Cisco Developer Forum, held at the J.N. Tata Auditorium, Indian Institute of Science, comprised of two days

  • ICICI Bank doesn't see interest rates going up 

    4th April, 2008 17:11

    ICICI Bank's Chanda Kochhar said this March has been better than other March months as interest rates did not spiral further and hence, banks were able to raise de

  • Commodities to take cues from US non-farm payroll data: GFM 

    4th April, 2008 17:04

    Bharath Kumar, Director of Global Financial Markets said as far as copper was concerned, the market was in neutral territory, but expected bullishness to return on

  • Cabinet secy to review price situation on Apr 9: Srcs

    4th April, 2008 16:53

    Cabinet secretary will review prices on April 9th, say sources. Sources say the government is in wait and watch mode for 2-3 weeks for measures to take effect and

  • Nirula's gets ready to serve Mumbai fresh and cheap!

    4th April, 2008 16:47

    India's oldest fast food giant Nirulas is ready for a price battle with McDonald's. Adding to the price zing, Nirulas will serve up a new menu as well.

  • ITC a defensive play

    4th April, 2008 16:32

    The FMCG sector has been buzzing in the past few months when rest of the market has been subdued. While the Sensex lay low in march, the BSE FMCG index gave positi

  • RBI to mop up Rs 5000 cr under MSS on April 10

    4th April, 2008 20:40

    The government is planning to sell 6.57%, 2011 bonds for Rs 5,000 crore under mss on April 10. The Market Stabilisation Scheme (MSS) is the excess money that is th

  • 7% inflation shaves 489 points off Sensex 

    4th April, 2008 20:07

    It’s bad news from the market and on the inflation front. It looked like a lackluster sideways kind of trading session because that is what the rest of the world w

  • India in an intermediate bear mkt: IL&FS 

    4th April, 2008 18:48

    Vibhav Kapoor of IL&FS said there is a lot of de-rating to be done and India has a long way to go down. "I am pretty bearish on this market. We have been so for qu

  • US Mar unemployment rate at 5.1% vs 4.8% in Feb

    4th April, 2008 18:28

    The US March unemployment rate is at 5.1% versus 4.8% in February, reports CNBC-TV18. March unemployment rate is at 5.1% versus 5.0% which was expected. US March n

  • Impact of duty cuts to be felt in coming weeks: PMO

    4th April, 2008 18:17

    Prime Ministers Office said that the inflation at 7% is undoubtedly a cause for concern.They also added that the impact of this week's duty cuts might be felt in t

  • Adopt wait and watch policy: Experts 

    4th April, 2008 17:52

    Shashank Khade, Senior VP, Portfolio Management Services, Kotak Securities said the markets are going to wait for inflation to cool off and it will be some time ti

  • New STT norms denting illiquid stock futures  

    4th April, 2008 17:45

    The average daily F&O turnover has been falling. The April series saw an average turnover of Rs 34,190.2 crore as against March Rs 45,623 crore, February Rs 42,819

  • Siemens acquires Morgan Construction

    4th April, 2008 17:42

    Siemens VAI strengthens its portfolio of products & services: Acquisition of rolling mill specialist Morgan Construction completed. Morgan Construction will be man

  • Telco acquires 60% in Comoplesa Lebrejo

    4th April, 2008 17:29

    Telco has acquired 60% stake in a Spanish company Comoplesa Lebrejo, reports CNBC-TV18. Comoplesa is a manufacturer of construction equipment.

  • StanChart signs MoU with Suzhou Govt to promote investment

    4th April, 2008 17:14

    Standard Chartered Bank & Suzhou Government inks agreement to promote cross-border investment. According to the MOU, Standard Chartered Bank and SBFTEC will act as

  • Satyam announce Q4 & yr ending results on April 21

    4th April, 2008 17:07

    Satyam to announce Fourth Quarter & Year ending Results on April 21,2008. The release will be followed by a conference call where Satyam’s Founder and Chairman B R

  • Awful week: BHEL, HCL Tech, Rel Infra worst hit

    4th April, 2008 16:54

    It was an awful week for the Indian equity markets as the key indices; BSE Sensex and S&P CNX Nifty fell 6.2% and 5.9% respectively. During this fall most of the “

  • HVAC Systems bags Rs 6cr plus Radisson Hotel Project

    4th April, 2008 16:53

    HVAC Systems bags 6 crore plus Radisson Hotel Project. HVAC Systems' impeccable track record in providing turnkey solutions to its clients and its proven ability i

  • SREI & BNP Paribas Lease Grp start operations

    4th April, 2008 16:44

    SREI & BNP Paribas Lease Group announce commencement of operations of their JV. BNP Paribas Lease Group brings to the JV its specialized equipment finance skills,

  • Buy ICICI Bank at current levels: Sonthalia 

    4th April, 2008 16:22

    Manish Sonthalia of Motilal Oswal Securities Advises to buy ICICI Bank and Axis Bank at current levels from an investment perspective. But there is little room for

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