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Moneycontrol News Archive : 27 February, 2008

  • MF NAVs close on positive note

    27th February, 2008 23:40

    Equity diversified NAVs managed to close on a strong note with advance:decline ratio of 176:23. The markets opened on firm note yesterday and proceeded to trade st

  • Government in poll mode? 

    27th February, 2008 20:55

    The government is truly in poll mode. CNBC-TV 18 has learnt that in a communication to the finance ministry, the planning commission has said that it expects a vot

  • Weakening $ sees crude boiling at $102/bbl

    27th February, 2008 20:43

    The price of oil has reached a new high, after setting a record just a day earlier. US crude traded at USD 102 a barrel, after climbing to USD 101 and 43-cents yes

  • Rising airport taxes leave low cost travellers cold 

    27th February, 2008 20:24

    Get ready to shell out more for your low cost air ticket if you are flying from Bangalore or Hyderabad. The user development fee, that the two new airports will ch

  • Continue liberalization process: Standard Life 

    27th February, 2008 20:08

    Gerry Grimstone is the India champion at UK’s Financial Services Sector Advisory board. He is also the chairman of Standard Life, which partners HDFC in India for

  • CRISIL assigns 3/5 grade to IPO of Mandhana Inds

    27th February, 2008 19:59

    CRISIL IPO grade 3/5 assigned to the IPO of Mandhana Industries Ltd.

  • NCDEX-Trade details for February 27, 2008

    27th February, 2008 19:50

    NCDEX, 513 members (2,456 users) participated in trading on February 27, 2008 up to 5:00 pm and volumes were Rs 3,309 crore (one-way). There were more than 84,37

  • Cummins selects Infosys as Global Preferred Vendor for IT

    27th February, 2008 19:30

    Cummins Inc. selects Infosys Technologies as a Global Preferred Vendor for Information Technology

  • Shasun signs technology licensing agreement with Merck & Co

    27th February, 2008 19:21

    Shasun announced that it has entered into a non-exclusive licensing agreement with Merck & Co., Inc.

  • Sun Microsystems fosters Open Innovation at Sun Tech Days

    27th February, 2008 19:01

    Sun Microsystems India today rolled out the 7th edition of its Sun Tech Days developer conference in India at the Hyderabad International Convention Center, with s

  • Target for gold at USD 1000/oz: Ambrian Comm 

    27th February, 2008 18:25

    There has been a stupendous rise in many commodities in the past 48 hours. Malcolm Freeman, MD of Ambrian Commodities has a view that On gold, the target is USD 10

  • Proton in talks with auto makers to launch cars: Srcs

    27th February, 2008 18:15

    Sources told CNBC-TV18 that Malaysian company Proton is in talks with automakers like M&M, Mitsubishi and Argentum Motors to launch cars in India.

  • NTPC, GE Shipping, Tata Motors look good

    27th February, 2008 17:41

    Stocks like NTPC, Reliance Energy, Reliance Power, Bharti Shipyard, L&T, GE Shipping, Tata Motors, Ashok Leyland, Voltas, Blue Star are looking good says Satish Ka

  • Sensex to move upward if it crosses 18300

    27th February, 2008 17:31

    As per "Island Reversal" pattern, if the Sensex crosses 18,300 mark upto the budget presentation, then market is expected to start upward journey, says Satish Kann

  • Karvy Comtrade sees gold at $975/oz in short-term 

    27th February, 2008 17:18

    Ashok Mittal of Karvy Comtrade said, gold was expected to move to USD 975/oz in the short-term. He advised investors to be a little cautious on all positions they

  • Rly Budget to begin nationwide boom in security biz: Zicom

    27th February, 2008 17:04

    A possible beneficiary of the Railway Budget, Zicom Electronic Security Systems, MD, Pramod V Rao, said "a figure of Rs 2,200 crore is really exciting. This is jus

  • LimeExchange provides Global Talent on Demand

    27th February, 2008 17:01

    LimeExchange provides Global Talent on Demand. LimeExchange, the first socially networked marketplace for global talent.

  • Pre-Budget Memorandum 2008-09: Assocham

    27th February, 2008 16:54

    Indian economy after a sustained high growth during the recent past can now take a big leap forward for accelerated economic growth. The liberalised economic polic

  • Nitin Fire expects Rs 220cr order inflow from Railway 

    27th February, 2008 16:52

    Nitin Shah. CMD, Nitin Fire Protection Industries expects an order inflow of Rs 220 crore from Indian Railways. He told CNBC-TV18 that the revenue they are targeti

  • BGR bags Kothagudem contract

    27th February, 2008 16:45

    BGR Energy Systems Limited has secured a Turnkey contract from Andhra Pradesh Power Generation Limited for the execution of Balance of Plant for the 1 x 500 MW, St

  • mChek Banner redefines e-commerce

    27th February, 2008 16:31

    mChek Banner redefines e-commerce. The mChek Banner is currently available to all users with pre-paid or post-paid Airtel mobile connections.

  • Stks to get into post railway Budget 

    27th February, 2008 16:21

    Harit Shah of Angel Broking pick his top midcaps in Bartronics India, Infotech Enterprises and Cranes Software, reports CNBC-TV18. He has price target of Rs 364 on

  • Budget Preview 2008-09: FICCI

    27th February, 2008 16:17

    The Indian economy has exhibited a robust growth pattern over the past few years. The economy grew by 9.4 percent during 2006-07 and an average growth rate of 8.6

  • Agilent Technologies introduces Oscilloscopes

    27th February, 2008 16:07

    Agilent Technologies Inc expanded its mixed-signal and digital-storage oscilloscope portfolio with 10 new models that comprise its next-generation InfiniiVision 70

  • D. E. Shaw ties up with HDIL in real estate developments

    27th February, 2008 16:01

    D. E. Shaw ties up with HDIL in real estate developments. D. E. Shaw Composite Investments (Mauritius) Limited PCC has made equity investment of US$ 250 Millio

  • Pre-Budget Memorandum 2008-09: Assocham

    27th February, 2008 15:57

    Indian economy after a sustained high growth during the recent past can now take a big leap forward for accelerated economic growth. The liberalised economic polic

  • What are mkts expecting this Budget? 

    27th February, 2008 15:47

    The 3 most important taxes which the stock market will be eagerly waiting for are STT, dividend distribution tax and corporate tax.

  • Calsoft appoints Ramanujam as VP-Corporate Finance

    27th February, 2008 15:45

    Calsoft appoints Ramanujam as VP-Corporate Finance

  • RBI Reference Rate for US $ & Euro

    27th February, 2008 15:38

    RBI Reference Rate for US $ & Euro The corresponding rates for the previous day (February 25, 2008) were Rs.40.05 and Rs.59.39 respectively.

  • Buy Wockhardt, tgt Rs 552: Sharekhan

    27th February, 2008 15:33

    Sharekhan research has maintained buy rating on Wockhardt with target price of Rs 552. The company aims to consolidate its acquisitions and extract value from them

  • UBI partners with 3i Infotech to implement AML initiative

    27th February, 2008 15:24

    3i Infotech, a global provider of IT solutions and the fourth largest Indian Software Product company*, today announced that Union Bank of India, one of India's la

  • OCL India to demerge steel, infra biz 

    27th February, 2008 15:21

    According to CNBC-TV18's Shravan Sreenivasula, OCL India has decided to go ahead and demerge two of their businesses - the steel and realty business. Primarily it

  • Buy Crompton Greaves, target Rs 396: HEM Sec

    27th February, 2008 15:15

    HEM Securities has maintained buy rating on Crompton Greaves with target price of Rs 396. The company has tied up with Dutch firm Lemnis Lighting for launching LED

  • Solid gain for Ispat Industries

    27th February, 2008 15:07

    At 2:58 pm, Ispat Industries was quoting at Rs 45.30, up Rs 2.35, or 5.47%. It has touched an intraday high of Rs 46 and an intraday low of Rs 43.50. It was tradin

  • Spice Comm shoots up smartly

    27th February, 2008 15:01

    At 2:54 pm, Spice Communications was quoting at Rs 34.70, up Rs 2, or 6.12%. It has touched an intraday high of Rs 35.75 and an intraday low of Rs 32.75.

  • Experian launches Attribute Toolbox

    27th February, 2008 14:52

    Experian launches Attribute Toolbox to Improve Data Access and Data Intelligence. Attribute Toolbox enables clients to access and use data to better assess credit

  • Bombay Gymkhana,Hikal Cup Tennis Tournament on Feb 29

    27th February, 2008 14:43

    Bombay Gymkhana-Hikal Cup 7th Invitation Tennis Tournament for Corporates to commence on February 29th 2008. Nasseruddin Shah to play inaugural match at Hikal Cup

  • Why is Power Grid replacing Bajaj Auto in Nifty? 

    27th February, 2008 14:34

    Power Grid will replace Bajaj Auto in Nifty from March 14. Bajaj Auto may be going out due to the fall seen in the stock and the de-merger which will take place in

  • Manjushree Extrusions to list on Feb 28

    27th February, 2008 14:31

    Manjushree Extrusions will list on the BSE with its equity shares on February 28, 2008. The offer price is at Rs 45 per share.

  • Reliance Capital adds 32000 shares in Feb series 

    27th February, 2008 14:28

    The Nifty discount has actually narrowed to about 14 points from the 20-25 figure that we were seeing over the last couple of days. Reliance Capital has added abou

  • Keep Rs 850 stoploss in TCS: Mohoni 

    27th February, 2008 14:27

    Technical Analyst, Deepak Mohoni is of the view that one can keep Rs 850 stoploss in TCS.

  • Hold India Cements, says Mohoni 

    27th February, 2008 14:22

    Technical Analyst, Deepak Mohoni is of the view that one can hold India Cements with a trailing stoploss of Rs 195. This particular rally has favored cement stocks

  • Increase infrastructure spending: Grasim 

    27th February, 2008 14:15

    DD Rathi, Director & CFO at Grasim said that the entire corporate sector would agree that the need of the hour is infrastructure spending. He adds that the spendin

  • Shree Renuka Sugars makes sweet gain

    27th February, 2008 14:11

    At 2:04 pm, the share was quoting at Rs 1,200.10, up Rs 65.80, or 5.80%. Shree Renuka has touched an intraday high of Rs 1,209.80 and an intraday low of Rs 1,135.

  • Shasun Chem in non-exclusive pact with Merck, stk up 14.6%

    27th February, 2008 14:05

    At 1:59 pm, Shasun Chemicals and Drugs was quoting at Rs 64.75, up Rs 8.25, or 14.60%. It has touched an intraday high of Rs 67.40 and an intraday low of Rs 56.70.

  • Block deal in NIIT, stock gains

    27th February, 2008 14:00

    At 1:54 pm, NIIT was quoting at Rs 121.35, up Rs 3.25, or 2.75%. It has touched an intraday high of Rs 122.65 and an intraday low of Rs 119.05. There was a block d

  • Chakrabarty bullish on Tata Steel 

    27th February, 2008 13:56

    Amitabh Chakrabarty of Religare Securities is bullish on Tata Steel. It is the cheapest producer of steel. It is an integrated play of steel, so to that extent it

  • Punjab Tractors gears up

    27th February, 2008 13:54

    At 1:48 pm, Punjab Tractors was quoting at Rs 282, up Rs 36, or 14.63%. It has touched an intraday high of Rs 300 and an intraday low of Rs 246.10. It was trading

  • Are mkts poised for a breakout? 

    27th February, 2008 13:44

    According to CNBC-TV18's Anichya Shah, feels that market internals are in a positive fray right now. But it is still not the whole lot; the way it was in the past

  • Aircel launches lifetime prepaid at just Rs 248

    27th February, 2008 13:31

    Aircel has been spearheading the telecom revolution in the State for nearly a decade through its innovative business approach and product offerings. Aircel announc

  • See big spend on infra, agri this Budget: Kotak Mah Cap 

    27th February, 2008 13:15

    Shanti Ekambaram, Director, Kotak Mahindra Capital, said the markets are likely to consolidate at these levels for the next 4-6 weeks. She expects a big spend on i

  • RBI cancels licence of The Bharuch Nagarik Sahakari Bk

    27th February, 2008 13:07

    Reserve Bank Cancels the Licence of The Bharuch Nagarik Sahakari Bank Ltd., Bharuch (Gujarat)

  • Lanco Infratech forges ahead

    27th February, 2008 12:55

    At 12:49 pm, Lanco Infratech was quoting at Rs 487, up Rs 33.75, or 7.45%. It has touched an intraday high of Rs 488.90 and an intraday low of Rs 459. It was tradi

  • Invest in Jaiprakash Associates: Chakrabarty 

    27th February, 2008 12:53

    Amitabh Chakrabarty of Religare Securities is of the view that one can invest in Jaiprakash Associates.

  • ICICI Bank standardises on Informatica

    27th February, 2008 12:47

    Informatica Corporation, the leading independent provider of data integration software, today announced that India's second-largest bank, ICICI Bank has fully impl

  • Buy Mcleod Russel, says Chakrabarty 

    27th February, 2008 12:44

    Amitabh Chakrabarty of Religare Securities is of the view that one can buy Mcleod Russel. Fundamentally things are better for the tea industry. In Kenya because of

  • Free SMS alerts for Best Movies on TV

    27th February, 2008 12:39

    Free SMS alerts for Best Movies on TV. MyToday and ZipaZap come together for ENGMOV and HINMOV

  • How good is your fund manager?

    27th February, 2008 12:25

    An investor looking only at performance may buy into a fund where the team that is responsible for the fund's track record is no longer in place.

  • M&M leads gainers on Sensex

    27th February, 2008 12:11

    M&M is top gainer on the Sensex. At 12:05 pm, the share was quoting at Rs 659.10, up Rs 28.95, or 4.59%. It has touched an intraday high of Rs 665 and an intraday

  • HDFC Bank an outperformer: Prabhudas Lilladher

    27th February, 2008 12:10

    Prabhudas Lilladher has maintained outperformer rating on HDFC Bank. HDFC Bank and Centurion Bank of Punjab (CBoP) boards have given inprinciple approval for a mer

  • Aptech bags 4 awards at the Indian Franchising Awards 2008

    27th February, 2008 12:04

    Aptech garnered the maximum awards for franchising at the celebrated Indian Franchising Awards 2008 held in New Delhi. Bagging 4 awards at the event organized by t

  • iGATE Corporation names Phaneesh Murthy as CEO

    27th February, 2008 11:57

    iGATE Corporation names Phaneesh Murthy as Chief Executive Officer. Ramachandran Natesan takes over as Chief Financial Officer

  • iGATE Corporation to divest its Professional Services Biz

    27th February, 2008 11:48

    iGATE Corporation, leading integrated Technology and Operations provider (“iGATE”), announced that its Board of Directors, after a review of its strategic options,

  • Brokers bullish on Unity Infraprojects, Wockhardt

    27th February, 2008 11:43

    Brokerage houses are bullish on Unity Infraprojects, Wockhardt and Vesuvius India.

  • Karuturi Networks gushes forth

    27th February, 2008 11:39

    At 11:32 am, Karuturi Networks was quoting at Rs 284.50, up Rs 11.50, or 4.21%. It has touched an intraday high of Rs 286.65 and an intraday low of Rs 283. It was

  • Mcleod Russel maintain its march ahead

    27th February, 2008 11:35

    At 11:29 am, Mcleod Russel (India) was quoting at Rs 82.55, up Rs 4.50, or 5.77%. It has touched an intraday high of Rs 84.25 and an intraday low of Rs 65. It was

  • Mkts to be choppy in medium-term: StanChart MF 

    27th February, 2008 11:23

    Ajay Bodke, VP- Equity of Standard Chartered Bank expects the markets to be choppy in the medium-term. He is confident of 22-24% earnings growth in FY08 and 15-16%

  • Torrent Power up on large volume

    27th February, 2008 11:21

    At 11:14 am, Torrent Power was quoting at Rs 158.60, up Rs 11.85, or 8.07%. It has touched an intraday high of Rs 162.80 and an intraday low of Rs 148. It was trad

  • Reliance Natural Resources Fund debuts at Rs 10.1462

    27th February, 2008 11:18

    Reliance Natural Resources Fund has debuted at Rs 10.1462 per unit as against a face value of Rs 10 per unit.

  • Lehman Bros sees further damage in US fin sector 

    27th February, 2008 11:11

    Paul Schulte, Chief Regional Equity Strategist of Lehman Brothers expects further damage in the US financial sector, he told CNBC-TV18. He thinks India may be impa

  • Rationalisation of excise duties likely in Budget: Religare 

    27th February, 2008 11:08

    Sangeeta Purushottam of Religare Securities said we are likely to see some rationalisation of excise duties in the Budget. However, she doesn't see major negative

  • Power Grid an investment opportunity: Sukhani 

    27th February, 2008 10:56

    Technical Analyst, Sudarshan Sukhani is of the view that Power Grid is an investment opportunity at Rs 108.

  • Stay away from tea space: Sukhani 

    27th February, 2008 10:40

    Technical Analyst, Sudarshan Sukhani is of the view that one can stay away from tea space.

  • Tata Communications top gainer on the Nifty

    27th February, 2008 10:22

    Tata Communications is the top gainer on the Nifty. At 10:19 am the share was quoting at Rs 517, up Rs 32.30, or 6.66%. The ADR was up 6.24%. It was trading with v

  • A blend of Profitability and Populism

    27th February, 2008 10:13

    Railway Minister Lalu Prasad Yadav presented his fifth rail budget on a high note and his confidence was quite palpable when he addressed Parliament. The railways

  • Jindal Saw to foray into infrastructure, stk up

    27th February, 2008 10:05

    At 10:03 am, Jindal Saw was quoting at Rs 916.50, up Rs 27.50, or 3.09% on the NSE. The company board has approved foray into infrastructure, transportation and fa

  • I want STT to be lowered

    27th February, 2008 10:00

    That will incentivise savings for retirement.

  • Hope student loans get friendlier

    27th February, 2008 10:00

    Experts hope education loans become friendlier in this budget.

  • Make healthcare cheaper

    27th February, 2008 10:00

    This would be very useful in cutting down the paperwork substantially.

  • Markets may open in green

    27th February, 2008 09:51

    According to Khandwala Securities Market Preview report, the Indian indices may begin trade into green, but February F&O expiry jitters may lead to gyrations.

  • Nifty may test 5370-5400: Angel

    27th February, 2008 09:41

    According to Angel Broking Technical Analysis report, the coming trading session is expected to trade with positive bias if it convincingly trades above 5280 – 530

  • Mkts poised for big, explosive move: Sukhani 

    27th February, 2008 09:38

    Sudarshan Sukhani of Technical Trends said that the markets are now poised for a big explosive move. He added that the Nifty is now trading in a narrow range and i

  • Nifty may rally upto 5301: Angel

    27th February, 2008 09:37

    According to Angel Broking Market Outlook report, if the Nifty trades above 5251 during the first half-an-hour of trade then we may witness a further rally upto 53

  • Energy will get large weightage in index 

    27th February, 2008 09:18

    It is expected that power will increasingly form more in terms of percentage weightage on the Nifty. The process which started with NTPC will not end now; I think

  • Resistance for Sensex at 18270-18285

    27th February, 2008 09:05

    The support for the Sensex is at 17600 and the resistance to the up move at 18270-18285.

  • Rupee opens at Rs 39.85 per dollar

    27th February, 2008 09:02

    The Indian Rupee opened at Rs 39.85-39.87 per dollar versus Rs 39.90 yesterday.

  • Mkts looking solid; all eyes on Budget now 

    27th February, 2008 09:00

    The positive news from Asia are constructive for the market sentiment.Two-days before the Union Budget, one day to go for futures and options settlement and we bee

  • Pepsico helping Punjab farmers extract more from their land 

    27th February, 2008 09:00

    Punjab Argi Export Corporation signed a project with Pepsi for citrus development program in 2002. Pepsi has now brought in 32 citrus fruit varieties and tied up w

  • Bulls favourite till expiry

    27th February, 2008 08:55

    The volumes have picked up over last couple of days aided of course by the fact that it’s an expiry week. But the rollover in momentum stocks is looking quite enco

  • Motilal Oswal, IDBI Bk team up for online trading facility

    27th February, 2008 08:50

    Motilal Oswal Securities Ltd and IDBI Bank on Tuesday announced that they were entering into a strategic alliance to provide online trading facility to the bank’s

  • Pfizer’s smoking cessation drug rolled out

    27th February, 2008 08:48

    Smokers looking to quit the habit now have one more option to try - Champix, Pfizer Ltd’s non-nicotine smoking cessation prescription drug that has just been launc

  • Crude above $100/bbl

    27th February, 2008 08:47

    Crude prices rose above 100 dollars a barrel continuing upward pressures from the weakening dollar, geopolitical concerns. It is also estimated that OPEC supply

  • Bharti joins undersea cable consortium

    27th February, 2008 08:45

    Bharti Airtel, along with five other international telecom companies, has executed an agreement to build a high-bandwidth undersea fibre-optic cable linking Asia a

  • France Telecom finalises joint venture with Moser Baer

    27th February, 2008 08:42

    France Telecom-owned Orange Business Services has finalised a joint venture partnership with Indian storage devices manufacturer Moser Baer Ltd to foray into the l

  • Patent dispute: TVS Motor goes on appeal

    27th February, 2008 08:40

    TVS Motor Company on Monday has gone on appeal to the Madras High Court against the order of the single judge of the same court restraining it from selling motorcy

  • Orientexpress Q4 EPS USD 0.24

    27th February, 2008 08:35

    Orientexpress fourth quarter total revenues of USD 151.2 million, up 12% YoY. Fourth quarter net earnings from continuing operations of USD 10.2 million, up 53% Y

  • Indian ADRs: VSNL up 6.2%, Sterlite up 4.3%

    27th February, 2008 08:26

    Indian ADRs: VSNL, Sterlite, Wipro, ICICI Bank and MTNL gained.

  • Asian markets end higher; Hang Seng up 769 points

    27th February, 2008 08:21

    Asian markets ended higher. Hong Kong's Hang Seng surged 3.24% or 769.09 points at 24,483.84. Japan's Nikkei advanced 1.49% or 206.58 points at 14,031.30. Taiwan's

  • Market cues: FIIs net buy $183.1 mn

    27th February, 2008 08:11

    Market cues: FIIs net buy USD 183.1 million in equity. MFs net sell Rs 140.5 cr in equity.

  • Downside risks to growth remain: Fed

    27th February, 2008 21:09

    US Federal Reserve Chairman Ben Bernanke said slower than expected global growth could ease price pressures, reports CNBC-TV18. The Fed chairman was testifying bef

  • US mkts holds key to trade tomorrow 

    27th February, 2008 20:49

    Global markets would be very important because there is turbulence once again with that commodity spike which has happened. So, let us see on what note the US mark

  • Dalal Street brokers singing AM tune 

    27th February, 2008 20:29

    Brokers on Dalal Street are now singing the asset management tune. Motilal Oswal manages a customer's entire wealth creation and management needs. Needs that have

  • Bharat Forge to raise Rs 300cr through preferential offer

    27th February, 2008 20:10

    Bharat Forge Limited to raise Rs.300 crores through a preferential offer to the promoters

  • Coffee prices to rise by Rs 30 per kg 

    27th February, 2008 20:00

    Coffee prices will increase to Rs 230 per kg in the next 12 months. That is an increase of Rs 30, so says the Coffee Board of India. The reason why coffee's so hot

  • Cut excise this Budget: FMCG sector 

    27th February, 2008 19:50

    The USD 13 billion FMCG sector is expecting duty cuts from the Union Budget. That may perk up the flagging demand for soaps, shampoos and all that you use everyday

  • Manjushree equity shares listed for trading at BSE

    27th February, 2008 19:39

    Manjushree has obtained approval of BSE for listing & trading of its equity shares, effective from Feb 28, 2008.

  • Budget unlikely to impact mkts much: Motilal Oswal Sec 

    27th February, 2008 19:26

    Raamdeo Agrawal of Motilal Oswal Securities said the market might see strength after the Budget. "The Budget is unlikely to have any major impact on the market. Th

  • Buffalo announces comprehensive warranty,support policy

    27th February, 2008 19:10

    Buffalo Inc., Japan, the world's leading provider of consumer storage solutions, announced a comprehensive product warranty and support policy for its market leadi

  • Rationalize excise duty structure: Indian Paper 

    27th February, 2008 18:58

    Pradeep Dhobale, President, Indian Paper Manufacturing Association said he expects the Budget to rationalize the excise duty structure. He told CNBC-TV18 that this

  • Investors cautious before Budget 

    27th February, 2008 18:22

    Markets are approaching the Budget and the F&O expiry. There is still a lot of caution among the dealers because the larger investors are still on the sidelines

  • Rupee, bonds end higher

    27th February, 2008 18:02

    The spot rupee ended higher at Rs 39.78 per USD as against its previous close of Rs 39.90. The widely traded 7.99%, 2017 closed higher at Rs 102.57 as against its

  • Remove surcharge this Budget: Amit Nalin Sec 

    27th February, 2008 17:38

    Amit Dalal of Amit Nalin Securities hopes there is something in the Budget, which makes investors feel positive. He feels the government should at least remove the

  • Cipher Dynamics launches IT-enabled service,BPO operations

    27th February, 2008 17:31

    Cipher Dynamics launches IT-enabled services & BPO operations in India

  • Above 18,300 Sensex will move upwards: Kannav

    27th February, 2008 17:17

    As per "Island Reversal" pattern, if the Sensex crosses 18,300 mark upto the budget presentation, then market is expected to start upward journey, says Satish Kann

  • Competition welcome, but spectrum still issue: Bharti Ent 

    27th February, 2008 17:04

    As the government rings in five new telecom players, Sunil Mittal, CMD, Bharti Enterprises said that competition is welcome, but not at the cost of his spectrum. T

  • HDFC Securities neurtal on Hero Honda

    27th February, 2008 16:54

    HDFC Securities has maintained Neutral rating on Hero Honda. The stock trades at 15.6x and 13.2x its FY08E and FY09E earnings respectively.

  • Mkt sustainability is a big question: Stockmechanics.com

    27th February, 2008 16:54

    Hitendra Vasudeo of Stockmechanics.com said thought the markets may see some spurt, the sustainability is a big question mark. He added that gap up openings are no

  • Set up an R&D fund for agri this Budget: KS Oils 

    27th February, 2008 16:45

    Sanjay Agarwal, MD, KS Oils, feels the Finance Minister should come up with an R&D fund for agriculture. Agarwal told CNBC-TV18 that he is looking for a cut in imp

  • All corruption cases against Zardari scrapped

    27th February, 2008 16:31

    All corruption cases against PPP Co-Chairman Asif Zardari have been scrapped in a formal announcement by the National Accountability Bureau today. Sources in Islam

  • Union Bank adds 10 lakh shares in net OI 

    27th February, 2008 16:26

    The second half of the day was pretty lackluster in terms of rollovers, we did start very strong and rollovers did pick up in the initial two hours of trade. Union

  • Kingston HyperX DDR3 wins Intel XMP Certification

    27th February, 2008 16:18

    Kingston Technology HyperX DDR3 wins Intel XMP Certification

  • Dalal positive on Power Grid 

    27th February, 2008 16:10

    Amit Dalal of Amit Nalin Securities is positive on Power Grid. A lot of wash-out has taken place in the stock. Even though its not cheaply priced right now. One ma

  • CSS expands into Eastern Europe

    27th February, 2008 16:04

    Cybernet-SlashSupport (CSS) expands into Eastern Europe. Cybernet-SlashSupport (CSS), which provides IT services including Tech Support, Remote IMS and Software Te

  • IDFC an outperformer: Prabhudas Liladher

    27th February, 2008 15:59

    Prabhudas Lilladher has maintained outperformer rating on IDFC. The company is benefiting from the infrastructure development in the country, the company expects t

  • Hayden breached code of conduct: Cricket Australia

    27th February, 2008 15:53

    Matthew Hayden has been charged for breaching Cricket Australia’s Code of Conduct. Hayden used offensive language against Harbhajan Singh calling him "an obnoxious

  • Liquidity Adjustment Facility: Auction Results

    27th February, 2008 15:46

    Liquidity Adjustment Facility: Auction Results. The results of the RBI Repo/Reverse Repo auctions held on February 26, 2008.

  • Expect greater allocation to agriculture: Aries Agro 

    27th February, 2008 15:38

    Jimmy Mirchandani, Joint MD, Aries Agro said he expects the Budget to allocate more money for agriculture and for programmes that specifically focus on crop nutrit

  • Outperformer India Infoline: Prabhudas Liladher

    27th February, 2008 15:36

    Prabhudas Lilladher has maintained outperformer rating on India Infoline. The company has over 200 large institutions and currently accounts for 5% of the cash mar

  • Mahindra TopGear Club reaches out to 80,000 customers

    27th February, 2008 15:33

    Mahindra & Mahindra Ltd, the leader in the UV segment in India, recently organized two unique events for Bolero and Scorpio owners in Bangalore

  • Sybase 365 placed as trusted global mCommerce partner

    27th February, 2008 15:23

    Sybase 365 positioned as trusted global mCommerce partner. Today, mobile banking is led by banks, and mobile payments by mobile operators. Throughout the next 12 m

  • Grasim Ind trips on selling pressure

    27th February, 2008 15:16

    At 3:10 pm, Grasim Industries was quoting at Rs 2,910, down Rs 132.7, or 4.36%. It has touched an intraday high of Rs 3,110 and an intraday low of Rs 2,910. It was

  • Reliance Energy top loser on Sensex

    27th February, 2008 15:12

    Reliance Energy is top loser on the Sensex. At 3:06 pm, the share was quoting at Rs 1,637, down Rs 60.25, or 3.55%. It has touched an intraday high of Rs 1,745 and

  • Autodesk reports revenue of $599 mn for Q4 of fiscal 2008

    27th February, 2008 15:05

    Autodesk, Inc. reported record revenue of $599 million for the fourth quarter of fiscal 2008, an increase of 20 percent over the fourth quarter of fiscal 2007.

  • Buy Glenmark Pharma, tgt Rs 630: HEM Securities

    27th February, 2008 14:56

    Hem Securities has maintained buy rating on Glenmark Pharma with target price of Rs 630. The company has its unique presence in dermatology and respiratory drugs.

  • Mercator Lines locked at 5% upper circuit

    27th February, 2008 14:45

    Mercator Lines is locked at 5% upper circuit. At 2:39 pm, the share was quoting at Rs 93.65, up Rs 4.45. It has touched an intraday high of Rs 93.65 and an intrada

  • S K Roongta inaugurates commencement of activities of RSP

    27th February, 2008 14:34

    Chairman Sail inaugurates commencement of major activities of Rourkela Steel Plant's Top-III

  • Stay with Mcleod Russel: Mohoni 

    27th February, 2008 14:32

    Technical Analyst, Deepak Mohoni is of the view that one can stay with Mcleod Russel. But when they show signs of topping out, at that time the investor should boo

  • DE Shaw invests $250m in HDIL project 

    27th February, 2008 14:29

    DE Shaw has invested USD 250 million in an FDI compliant project of HDIL, reports CNBC-TV18. HDIL has also purchased development rights of 54,000 sq meters in Andh

  • Gujarat Alkalies continues to gain

    27th February, 2008 14:28

    At 2:22 pm, Gujarat Alkalies and Chemicals was quoting at Rs 178.55, up Rs 9.90, or 5.87%. It has touched an intraday high of Rs 180.50 and an intraday low of Rs 1

  • Nissan production, sales & export results for Jan 2008

    27th February, 2008 14:25

    Nissan production, sales & export results for Jan 2008

  • Nagarjuna Const slips on profit booking

    27th February, 2008 14:22

    At 2:16 pm, Nagarjuna Construction Co. was quoting at Rs 262, down Rs 10.4, or 3.82%. It has touched an intraday high of Rs 282.80 and an intraday low of Rs 262. I

  • Kalindee Rail Nirman looks good: Chakrabarty 

    27th February, 2008 14:12

    Amitabh Chakrabarty of Religare Securities is of the view that Kalindee Rail Nirman is a good stock with a good track record. Currently they have about Rs 500 cror

  • Indirect taxes on customs duty must change a bit: PWC 

    27th February, 2008 14:05

    PWC’s Sachin Menon said he expects to see changes in indirect taxes of products like automobiles, auto components and infrastructure project related items. “Maybe

  • Hold Cairn India: Chakrabarty 

    27th February, 2008 14:02

    Amitabh Chakrabarty of Religare Securities is of the view that one can hold Cairn India. They were asking the government the permission for laying a pipeline to br

  • Prozone Liberty Cap eyes PE placement above Rs 450cr 

    27th February, 2008 14:00

    Provogue India’s real estate arm, Prozone Liberty Capital is considering a PE placement of over Rs 450 crore. Prozone Liberty plans to dilute 25% stake in a SPV to

  • TVS Flame to be launched in March  

    27th February, 2008 13:56

    TVS Motor has confirmed the launch of new 125cc motorcycle Flame minus the controversial twin spark plug, in March, is what sources say, reports CNBC-TV18. Flame w

  • ISA, SEMI sign MoU to support semiconductor Inds in India

    27th February, 2008 13:44

    ISA and SEMI sign Memorandum of Understanding to support semiconductor Industry in India

  • SC asks UP sugar mills to pay SAP@ 123/quintal 

    27th February, 2008 13:39

    The Supreme Court has asked up sugar mills to pay SAP at Rs 123 per quintal for 2006-07. In the earlier statement the Allahabad High Court had said that UP Sugar M

  • Air Arabia connects 10 Indian destinations to Middle East

    27th February, 2008 13:23

    Air Arabia, the first and largest low-cost carrier in the Middle East and North Africa, today began its non-stop service between Sharjah, the carrier’s main hub, a

  • Reliance strikes gas discovery in Mahanadi Basin

    27th February, 2008 13:15

    Reliance Industries Limited announce yet another gas discovery in NEC-OSN 97/2 (NEC-25) block located in the NEC-Mahanadi offshore basin, off the Orissa coast in B

  • CA Management Solutions for new IBM z10 Enterprise Class

    27th February, 2008 12:55

    CA announced it is offering Day One support for IBM’s newly announced z10 Enterprise Class platform throughout its mainframe management product lines, enabling cus

  • I-T exemption limit may be hiked 

    27th February, 2008 12:55

    HP Ranina, Advocate Supreme Court of India feels that relief is likely only for the lower levels and not the upper middle class. And initial exemption limit may be

  • Tata Power flares up

    27th February, 2008 12:49

    At 12:44 pm, Tata Power Company was quoting at Rs 1,408, up Rs 51.95, or 3.83%. It has touched an intraday high of Rs 1,419 and an intraday low of Rs 1,369.50. It

  • Balrampur Chini takes dip

    27th February, 2008 12:44

    At 12:39 pm, Balrampur Chini Mills was quoting at Rs 92.20, down Rs 3.15, or 3.3%. It has touched an intraday high of Rs 98.05 and an intraday low of Rs 91.60. Acc

  • Bajaj Hindustan loses sweetmess

    27th February, 2008 12:41

    At 12:35 pm, Bajaj Hindustan was quoting at Rs 249.25, down Rs 7.7, or 3%. It has touched an intraday high of Rs 265.40 and an intraday low of Rs 246. According to

  • Parachute Advansed Aftershower ties up with Zapak.com

    27th February, 2008 12:29

    Parachute Advansed Aftershower ties up with Zapak.com to launch a thrilling “Gully Cricket’ game

  • Sun Pharma among major gainers

    27th February, 2008 12:21

    Sun Pharmaceutical Industries is among major gainers on the Nifty. At 12:17 pm, the share was quoting at Rs 1,200, up Rs 58.85, or 5.16%. It has touched an intrada

  • India PC market crosses 6.5mn shipments mark in 2007

    27th February, 2008 12:11

    India PC market crosses 6.5 million shipments mark in 2007. Records 20% Year-on-Year growth. Notebook PC shipments touch nearly 1.8 million units: IDC India

  • Moser Baer in JV with FT, stock rises

    27th February, 2008 12:07

    At 11:58 am, Moser Baer (India) was quoting at Rs 181.35, up Rs 8.80, or 5.10%. It has touched an intraday high of Rs 182.95 and an intraday low of Rs 174.80. FT h

  • Gayatri Projects advances 4%

    27th February, 2008 12:00

    At 11:53 am, Gayatri Projects was quoting at Rs 522, up Rs 20.85, or 4.16%. It has touched an intraday high of Rs 525 and an intraday low of Rs 509. The company is

  • Ranbaxy Laboratories in good health

    27th February, 2008 11:55

    At 11:46 am, Ranbaxy Laboratories was quoting at Rs 437.35, up Rs 18.20, or 4.34%. It has touched an intraday high of Rs 437.40 and an intraday low of Rs 422. It w

  • Astra Microwave moves further

    27th February, 2008 11:47

    At 11:40 am, Astra Microwave Products was quoting at Rs 104.50, up Rs 10.55, or 11.23%. It has touched an intraday high of Rs 105.40 and an intraday low of Rs 95.8

  • TV18 puts on a good show

    27th February, 2008 11:42

    At 11:35 am, Television Eighteen, TV 18 was quoting at Rs 424, up Rs 40.65, or 10.60%. It has touched an intraday high of Rs 424.95 and an intraday low of Rs 387.

  • Limited downside in Power Grid: Dhawan 

    27th February, 2008 11:36

    Sajiv Dhawan of JV Capital Services is of the view that there is limited downside in Power Grid. The inclusion in the NSE has given this stock a fillip in the morn

  • BGR Energy bags order, stock up

    27th February, 2008 11:27

    At 11:20 am, BGR Energy Systems was quoting at Rs 581, up Rs 10.30, or 1.80%. It has touched an intraday high of Rs 588 and an intraday low of Rs 572. The company

  • Hold Cairn India: Dhawan 

    27th February, 2008 11:23

    Sajiv Dhawan of JV Capital Services is of the view that one can hold Cairn India. It is an investor’s buy. The stock hit a low recently about Rs 190 and lot of inv

  • Jindal Saw Q4 profit after tax at Rs 110 cr

    27th February, 2008 11:19

    Jindal Saw has annonced its fourth quarter numbers. It has posted profit after tax of Rs 110 crore for the quarter ended December 2007 as against Rs 60 crore in sa

  • HDFC among major gainers

    27th February, 2008 11:12

    HDFC is among major gainers on the Sensex. At 11:07 am, the share was quoting at Rs 2,675, up Rs 100.65, or 3.91%. It was trading with volumes of 18,508 shares. Ye

  • Siemens gains 4.3%

    27th February, 2008 11:09

    At 11:02 am, Siemens was quoting at Rs 1,679.55, up Rs 69.55, or 4.32%. It was trading with volumes of 84,531 shares. Yesterday the share closed up at Rs 1,610.

  • L&T moves up smartly

    27th February, 2008 11:07

    At 11:01 am, L&T was quoting at Rs 3,671.80, up Rs 153.55, or 4.36%. It was trading with volumes of 71,933 shares. Yesterday the share closed up at Rs 3,518.25.

  • Go long in financial sector: Sukhani 

    27th February, 2008 10:46

    Technical Analyst, Sudarshan Sukhani is of the view that one should go long in financial sector. IDFC is having the same kind of patterns that DCB is giving. As th

  • Indian GDRs: VSNL up 6.2%, Bajaj Auto slips 11%

    27th February, 2008 10:35

    Indian GDRs: VSNL, MTNL, L&T, ICICI Bank, Reliance and Wipro gained, while Bajaj Auto and Ranbaxy plunged.

  • BHEL top gainer on the Sensex

    27th February, 2008 10:19

    BHEL is the top gainer on the Sensex. At 10:13 am, the share was quoting at Rs 2,252, up Rs 71.45, or 3.28%. It was trading with volumes of 8,956 shares. Yesterday

  • Watch Railway Budget 

    27th February, 2008 10:07

    In his last full Railway Budget presentation, Railways Minister, Lalu Prasad Yadav has promised facilities such as more passenger trains, faster and easy travel pr

  • SMEs need better funding

    27th February, 2008 10:00

    That can help small businessmen with a turnover of less than Rs 40 lakh.

  • Income tax exemptions should be increased

    27th February, 2008 10:00

    This will help salaried persons who have no avenues for tax planning and are not entitled for any tax holiday benefits.

  • Crude continues to trade above USD 101/bbl 

    27th February, 2008 10:00

    There are reports of state funds and wealth funds investing in Asia and Middle East into the commodities and that also could be supporting the prices. Crude contin

  • Power Grid to replace Bajaj Auto in the Nifty; stk up 6%

    27th February, 2008 09:58

    At 09:56 am, Power Grid Corporation of India was quoting at Rs 108.50, up Rs 6.05, or 5.91% on the NSE. The company is going to replace Bajaj Auto in the Nifty on

  • Mkts slip sharply in late trade; Nifty ends with modest cut

    27th February, 2008 09:43

    The markets opened on firm note today and proceeded to trade strong through the day but could not maintain the momentum in late trade and slipped sharply on the ba

  • Apology demand by Indian Hotels bizarre: Orient Express  

    27th February, 2008 09:38

    The battle between global hospitality company Orient Express and Tata Group company Indian Hotels continues. Yesterday the Orient Express management referred to In

  • Mkt momentum may continue post-Budget: Edelweiss Cap 

    27th February, 2008 09:38

    Naresh Kothari, Edelweiss Capital feels that the markets may rally around the Budget. He is not sure how the Budget would turn out to be - a non-event or a populis

  • Tea not an upgrade sector to be in  

    27th February, 2008 09:19

    Tea is a nothing sector but if one goes back and look at from a trading perspective, the tea sector gives three day moves, two-three times a year. Around the Budg

  • IBM buyback announcement lifts US stocks 

    27th February, 2008 09:16

    Big blue offered relief for the economic blues. Investors shrugged off dismal economic data, wholesale inflation up 1%, twice as much as expected. Consumer confide

  • Markets may gain further: Mohoni

    27th February, 2008 09:04

    European markets made strong moves, and the US indices followed suit. Asian markets are also up this morning, and the global short-term trend remains up. We should

  • March futures adds 81 lakh shrs in OI 

    27th February, 2008 09:01

    Nifty February futures shed 78 lakh shares while March futures added 81 lakh shares in Open Interest (OI). Nifty Feb ended at 5-point premium whereas March at 20-p

  • Change in duty structure to give some relief to oil cos 

    27th February, 2008 09:00

    This whole discovery process of reportage is picking up a bit. So upstream is benefited from that, excitement building up there. But on the downstream front I beli

  • Govt plans Rs 32,000 cr loan waiver pkg for farmers 

    27th February, 2008 09:00

    A huge Rs 32,000 crore loan waiver seems to be at the top of govt sops for farmers in its upcoming Budget. The PM and FM have their focus on the Indian countryside

  • Nifty likely to witness range of 5220-5320

    27th February, 2008 08:52

    The intraday range in the coming session will be at the 5220 / 5320 due to the small base effect of the range on Tuesday. Traded volumes must improve above the 532

  • Buy MCX Gold April on dips to Rs 12100

    27th February, 2008 08:49

    For gold, one could buy MCX April on dips to Rs 12,100 per 10 gram, says Kumar.

  • Corpn Bank ATMs at MRPL outlets

    27th February, 2008 08:47

    The Mangalore-based Corporation Bank and Mangalore Refinery and Petrochemicals Ltd (MRPL) have decided to leverage their respective strengths to provide a bouquet

  • Fund Action witnessed in stocks on 26th February

    27th February, 2008 08:46

    On February 269, fund action was witnessed in Aptech, Jyoti Structures, Venus Remedies, C&C Constructions and Sakthi Sugar.

  • Money calls: Gurumurthi, Subramaniam

    27th February, 2008 08:44

    The sentiment in the bond market is improving as the liquidity situation gets better, says Gurumurthi.

  • Equity calls: Kapoor, Thukral, Mohindar 

    27th February, 2008 08:42

    The market is following the positive trend globally and is likely to remain buoyant ahead of the Budget. The Nifty can go up to 5350-5400 levels, says Kapoor.

  • Stocks in news: Power Grid, Jindal Saw, Gayatri Projects

    27th February, 2008 08:39

    Stocks in news: Power Grid is going to replace Bajaj Auto in the Nifty on March 14. Jindal Saw board has approved foray into infrastructure, transportation & fabri

  • Bullish on Thailand: Opesprime Asset Mgmt. 

    27th February, 2008 08:29

    Jay Moghe, CEO at Opesprime Asset Management said Asian markets are seeing some firm bullishness assuming there will be rate cuts for sure. Speaking to CNBC-TV18

  • Wall Street edges higher; Dow up 114 points

    27th February, 2008 08:24

    Wall Street barreled ahead in spite of bad economic news. Big blue chips and homebuilders helped Wall Street indexes shake off the dismal economic data. US consume

  • F&O cues: Futures Open Interest up by Rs 1027 cr

    27th February, 2008 08:13

    F&O cues: Nifty Feb Futures shed 78 lakh shares in Open Interest. Futures Open Interest up by Rs 1,027 crore and Options Open Interest up by Rs 669 crore.

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