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Moneycontrol News Archive : 11 January, 2008

  • MF NAVs end with good returns as mkts gain

    11th January, 2008 23:36

    Equity diversified NAVs have bounced back with good returns with advance:decline ratio of 148:41 as the markets ended near day's high amid volatility.

  • Mkts to stay volatile in run up to Budget: Experts 

    11th January, 2008 21:14

    Speaking exclusively to CNBC-TV18, Jyotivardhan Jaipuria of DSP Merrill Lynch, said the run up in midcaps had been sharp. "We are seeing a correction now." Shankar

  • States in India are going FMCG way

    11th January, 2008 19:41

    States in India are jumping onto the brandwagon by going a step ahead and roping in brand ambassadors. CNBC-TV18’s Bushra Bhushan reports that this is a new sourc

  • Vijay positive on Reliance Industries 

    11th January, 2008 19:31

    Investment Advisor, PN Vijay is positive on the Reliance Industries. It is one of the strongest stocks in the index as of now and one should keep buying for short-

  • Nano autorickshaw? 

    11th January, 2008 19:27

    Tata's Nano has created a stir among Mumbai’s auto rickshaw owners. They want the RTO to issue permits allowing the use of the Nano for public transport. And that

  • Enter in JP Associates at current level: Gujral 

    11th January, 2008 19:04

    Technical Analyst, Ashwani Gujral is of view that one can enter in JP Associates at current level as stock has corrected 15%-20% after touching new high. He feels

  • BSE signs technology agreement with OMX

    11th January, 2008 18:47

    BSE and OMX have signed an agreement under which OMX will deliver trading and clearing systems to strengthen BSE’s derivatives and securities trading capabilities

  • ICICI Bank can go upto Rs 1600: Gujral 

    11th January, 2008 18:34

    Technical Analyst, Ashwani Gujral is of view that ICICI Bank can go upto Rs 1600 as still it has room to go up.

  • ITC better bet than Hindustan Unilever: Gujral 

    11th January, 2008 18:26

    Technical Analyst, Ashwani Gujral is of view that ITC is a much better bet than Hindustan Unilever as it is at new high and it is sort of correcting back to its br

  • NCDEX-Trade details for Jan 11, 2008

    11th January, 2008 18:10

    NCDEX, 523 members (2,422 users) participated in trading on January 11, 2008 up to 5:00 pm and volumes were Rs 2,742 crore (one-way). There were more than 75,942

  • Troikaa Pharma unveils ‘Painless Painkiller’ injection

    11th January, 2008 18:02

    Troikaa Pharmaceuticals limited unveiled a new version of it painless painkiller injection, DYNAPAR AQ 1ml, which causes no pain while injected

  • Blue Dart awarded for logistics’ excellence in Retail

    11th January, 2008 17:54

    Blue Dart Express Limited, South Asia's premier integrated express courier and package Distribution Company, won the Effective Retail Through Effective Supply Chai

  • Corporate Governance: Has it caught up in India? 

    11th January, 2008 17:49

    Corporate Governance is an issue that has been spoken about not just in India, but globally as well. CNBC-TV18 explores its various implications, its impact on the

  • ŠkodaIndia rolls out 50,001st vehicle

    11th January, 2008 17:37

    ŠkodaIndia, a fully owned subsidiary of ŠkodaAuto a.s. of Czech Republic (Volkswagen Group), one of the fastest growing European car manufacturers celebrated the p

  • Sakaal group's 'India & Global' Affairs launched by PM

    11th January, 2008 17:28

    Sakaal group's 'India and Global' Affairs launched by PM

  • Growth in South Asia will ease to 7.9 % in '08: World Bank

    11th January, 2008 17:14

    According to the World Bank, South Asia performance will be robust despite recent political upheavals in Pakistan. Growth in south Asia will ease to 7.9 % in '08 d

  • Indian economy already growing at 10%: KV Kamath 

    11th January, 2008 17:12

    KV Kamath, MD and CEO, ICICI Bank decisively said the Indian economy is already growing at 10% and will continue to do so, reports CNBC-TV18 exclusively. The manuf

  • Midcaps, smallcaps shave off nearly 40% from recent highs 

    11th January, 2008 16:58

    The performance of midcap stocks has been disappointing this week. CNBC-TV18’s Varinder Bansal puts numbers and brings about a scale to the downside loss on those

  • Reliance Long Term Equity buys realty, dumps telecom

    11th January, 2008 16:53

    Reliance Long Term Equity Fund augmented its exposure to real eastate, while reduced weightage to telecom, engineering & capital and utilities pack.

  • Gold may reach well above $900/oz: Commtrendz 

    11th January, 2008 16:49

    Speaking to CNBC-TV18, Avinash Raheja, Commtrendz said "There is a possibility that people have actually missed out on the entire gold rally in anticipation of a

  • BSE resolved 560 investors complaints

    11th January, 2008 16:43

    BSE resolved 560 investors complaints against companies during the month of December, 2007

  • Elecon Engg bags Andhra Cement order & re takes ACC order

    11th January, 2008 16:36

    Elecon Engineering Company Limited, largest Material Handling Equipments, Industrial Gears and Transmission Products manufacturer today announced the major orders

  • Ranbaxy launches its sugar free brand - Chyawan Active

    11th January, 2008 16:29

    Ranbaxy enters The Chyawanprash Market launches its sugar free brand - Chyawan Active

  • UTI AMC files IPO papers with SEBI

    11th January, 2008 16:20

    UTI AMC, has filed the DRHP with the SEBI to enter the capital market soon with an IPO of 48,500,000 equity shares of Rs 10 each through an offer for sale by the s

  • Ind growth to pick up in 4-5 months: Kamal Nath  

    11th January, 2008 16:12

    Kamal Nath, Union Minister for Commerce and Industry has said that the November IIP data signals a need to have a relook at consumer spend. He said that there is a

  • Uttam Galva Steels hikes steel prices

    11th January, 2008 16:08

    Uttam Galva Steels hikes steel prices

  • CARE signs MoU with Corporation Bank

    11th January, 2008 15:52

    CARE signs MoU with Corporation Bank. Corporation Bank is a Public Sector Bank and offers financial services which are of great value to its customers

  • IT sector to give multiple gains over 2 yrs: Pranav Sec  

    11th January, 2008 15:46

    Speaking to CNBC-TV18’s Rajesh Jain, Pranav Securities said that he finds the IT sector to be attractive. He expects multiple gains from the sector over the next c

  • Buy IT stocks with long-term: R Jain 

    11th January, 2008 15:45

    Rajesh Jain of Pranav Securities is of the view that one should buy IT stocks with long-term horizon. There is buoyancy in the IT stocks because of the ongoing res

  • Reliance Comm Dec PAT seen at Rs 1366 cr: P Lilladher

    11th January, 2008 15:40

    Prabhudas Lilladher research has come out with its earning estimates on the Telecom sector for the quarter ended December '07. According to the report, Reliance Co

  • Orchid’s formulation facilities receive MCC (SA) nod

    11th January, 2008 15:33

    Orchid’s formulation facilities receive MCC (South Africa) nod. Cephalosporin & Penicillin Injectable facilities approved

  • Target Rs 650 cr sales for FY08-09: Techno Electric 

    11th January, 2008 15:32

    A small cap company has been seeing active brokerage interest. To get a perspective on the business, Padam Prakash Gupta, MD of Techno Electric & Engineering said

  • JP Hydro Q3 net profit up at Rs 6.94 cr

    11th January, 2008 15:26

    JP Hydro has announced its Q3 results. Its standalone net sales was down at Rs 43.24 crore versus Rs 49.51 crore, YoY.

  • IT valuations are at 2003 levels: Religare Secs 

    11th January, 2008 15:22

    In an exclusive interview to CNBC-TV18, Sangeeta Purushottam, Head Institutional Business, Religare Securities, said IT valuations are at 2003 levels. "There is an

  • ByCell was refused LoI on the basis of forged complaint

    11th January, 2008 15:16

    ByCell was refused LoI on the basis of forged complaint

  • Bayer Cropscience can go upto Rs 450: Gaba 

    11th January, 2008 15:14

    Technial Analyst, Prakash Gaba is of the view that Bayer Cropscience can go upto Rs 450. He like stock because It’s closer to strong support zones on a day when we

  • Fitch assigns F1+(ind)(SO) rtg to Shyam Telelink's CP prog

    11th January, 2008 15:08

    Fitch assigns 'F1+(ind)(SO)' rating to Shyam Telelink's Commercial Paper programme

  • HDFC dips further

    11th January, 2008 14:58

    At 2:51 pm, Housing Development Finance Corporation, HDFC was quoting at Rs 3,000, down Rs 128.95, or 4.12%. It has touched an intraday high of Rs 3,200 and an int

  • Rel Capital Q3 PAT seen at Rs 216cr: P Lilladher

    11th January, 2008 14:48

    Prabhudas Lilladher research has come out with its earning estimates on the Financial Institution for the quarter ended December '07. According to the report, Reli

  • M Oswal Q3 PAT seen at Rs 53.4cr: P Lilladher

    11th January, 2008 14:44

    Prabhudas Lilladher research has come out with its earning estimates on the Financial Institution for the quarter ended December '07. According to the report, Moti

  • M&M Fin Q3 PAT seen at Rs 40.8cr: P Lilladher

    11th January, 2008 14:44

    Prabhudas Lilladher research has come out with its earning estimates on the Financial Institution for the quarter ended December '07. According to the report, M&M

  • PFC Q3 PAT seen at Rs 311.9cr: P Lilladher

    11th January, 2008 14:44

    Prabhudas Lilladher research has come out with its earning estimates on the Financial Institution for the quarter ended December '07. According to the report, Powe

  • Drubbing day for Asia today 

    11th January, 2008 14:42

    It was an absolute drubbing for Asia today. Just a handful of markets like China and Kuala Lumpur in the green right now.

  • TCS a good investment opportunity: S Joshi 

    11th January, 2008 14:25

    Sharmila Joshi of Prabhudas Lilladher is of the view that valuations at this stage would make TCS a good investment proposition. What stands for Infosys will proba

  • Rs 1700 cr invested to manufacture Nano: Ravi Kant

    11th January, 2008 14:24

    In an exclusive interview with CNBC-TV18, Ravi Kant, Executive Director, Tata Motors said that they have invested Rs 1700 crore to manufacture the Nano. According

  • Buy Infosys for long term: S Joshi 

    11th January, 2008 14:11

    Sharmila Joshi of Prabhudas Lilladher is of the view that one can buy Infosys Technologies withe longer term perspective and this is a good entry point, provided o

  • How are brokerages valuing Future capital IPO? 

    11th January, 2008 14:02

    Future Capital Holdings (FCHL), the financial services arm of the Future Group, is open for subscription. It is a finance company of Pantaloon Fashion and has an i

  • Tata Metaliks Q3 net profit at Rs 15.8 cr

    11th January, 2008 13:58

    Tata Metaliks has announced its third quarter numbers. It has posted net profit of Rs 15.8 crore for the quarter ended December 2007 as against loss of Rs 1 crore

  • SREI introduces Shariat compliant financial instrument

    11th January, 2008 13:44

    SREI introduces first Shariat compliant financial instrument in the Indian market. The Shariat compliant fund is a financial vehicle that is a departure from the c

  • Aircel selects Wipro Infotech to deliver biz transformation

    11th January, 2008 13:20

    Aircel, a Maxis group company and the fastest growing telecom services player in the country announced that it has awarded a long term next generation business tra

  • Rate cut likely in FY09 if RBI doesn't hike CRR: HDFC 

    11th January, 2008 13:16

    HDFC Chairman Deepak Parekh has said that the lending rates may fall by 25 bps in Q1FY 09 if the RBI doesn't hike CRR, reports Newswire 18. He sees 25% loan growth

  • Symantec names Enrique T Salem as COO

    11th January, 2008 12:54

    Symantec announced the appointment of Enrique T. Salem as its chief operating officer

  • AIG launches AIG Infrastructure & Economic Reform Fund

    11th January, 2008 12:46

    AIG Investments announced the launch of the AIG Infrastructure and Economic Reform Fund, an open-ended equity scheme. The fund will invest in companies that may be

  • 15 Indians join Bigadda.com every minute

    11th January, 2008 12:38

    Bigadda.com has become the largest and the fastest growing Indian youth networking site. It took just under 4 months since launch to reach this milestone. It is a

  • Reliance MF adds oil & gas, metals, utilities, cement

    11th January, 2008 12:36

    Reliance Mutual Fund added to its investments in the oil & gas, metals, utilities, cement & construction and pharmaceuticals sector in December.

  • Union Bk of India Q3 PAT seen at Rs 298.8cr: P Lilladher

    11th January, 2008 12:26

    Prabhudas Lilladher research has come out with its earning estimates on the Banking sector for the quarter ended December '07. According to the report, Union Bank

  • SBI Q3 PAT seen at Rs 1413cr: P Lilladher

    11th January, 2008 12:26

    Prabhudas Lilladher research has come out with its earning estimates on the Banking sector for the quarter ended December '07. According to the report, SBI's Decem

  • Chinese Apparel Machinery Show was inaugurated at Bangalore

    11th January, 2008 12:24

    The Clothing Manufacturers Association of India (CMAI) and the China Sewing Machinery Association (CSMA) have jointly organized this first ever largest Solo Show o

  • Suzlon Energy slips further

    11th January, 2008 12:22

    At 12:16 pm, Suzlon Energy was quoting at Rs 2,143, down Rs 68.6, or 3.1%. It has touched an intraday high of Rs 2,220 and an intraday low of Rs 2,139. It was trad

  • Bank of Baroda Q3 PAT seen at Rs402.6cr: P Lilladher

    11th January, 2008 12:16

    Prabhudas Lilladher research has come out with its earning estimates on the Banking sector for the quarter ended December '07. According to the report, Bank of Bar

  • REC to enter capital mkt with its IPO

    11th January, 2008 12:13

    REC is entering the Capital Market with its Public Issue of 156,120,000 equity shares. The issue comprises a fresh issue of up to 78,060,000 shares and an offer fo

  • Block deal in Idea Cellular, stock up

    11th January, 2008 12:05

    At 11:59 am, Idea Cellular was quoting at Rs 139.55, up Rs 2.05, or 1.49%. It has touched an intraday high of Rs 139.90 and an intraday low of Rs 137. There was a

  • Inflation remains unchanged at 3.5%

    11th January, 2008 12:01

    Inflation for week ended December 29 has remained unchanged at 3.5%, reports CNBC-TV18.

  • Should you still hold on to your Infy stock?

    11th January, 2008 11:47

    Reacting to Infosys results, market analysts like Nilesh Shah of Envision Capital told CNBC-TV18, “Broadly, the numbers are in line with expectations. The hearteni

  • Look refineries after 5-10% correction: N Shah 

    11th January, 2008 11:36

    Nilesh Shah of Envision Capital is of the view that one can look at refineries stocks after 5-10% correction. He feels these stock would be trading bets.

  • RBI Reference Rate for US $ & Euro

    11th January, 2008 11:30

    The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.29 and the Reference Rate for Euro is Rs.57.71 on January 10, 2008.

  • Underwriting auctions for 7.99% Govt Stock 2017

    11th January, 2008 11:24

    Underwriting auctions for “7.99 per cent Government Stock 2017” and "8.33 percent Government Stock 2036"

  • Motilal Oswal Fin to maintain margins at 36-37% 

    11th January, 2008 11:19

    Motilal Oswal Financial Services has announced its Q3 FY08 results. Its Q3 net profit was up 139% at Rs 54 crores from Rs 22.6 crore, YoY, reports CNBC-TV18. Raamd

  • Liquidity Adjustment Facility: Auction results

    11th January, 2008 11:15

    The results of the RBI Repo/Reverse Repo auctions held on January 10, 2008

  • Buy Mercator Lines, tgt Rs 255: PINC

    11th January, 2008 10:58

    Pinc research has maintiaend buy rating on Mercator Lines with target price of Rs 255. On the basis of its management’s proven track record, ability to ride variou

  • Synovate appoints Global Head of Decision Systems

    11th January, 2008 10:54

    Synovate has announced the appointment of Hans Raemdonck as Global Head of Decision Systems, the company’s international team of statisticians, data analysis exper

  • Midcap a better place in IT: Mehta 

    11th January, 2008 10:43

    Dipan Mehta, Member BSE and NSE is of the view that midcap is a better kind of a place for exposure to IT rather than the largecap. The midcaps valuations certainl

  • UTI AMC files DRHP with SEBI

    11th January, 2008 10:34

    UTI AMC has filed the Draft Red Herring Prospectus with the Securities and Exchange Board of India to enter the capital market soon with an IPO of 48,500,000 equi

  • Buy Prakash Ind, tgt Rs 520: PINC

    11th January, 2008 10:31

    Pinc research has maintaiend buy rating on Prakash Industries with target price of Rs 520. Buoyant steel pricing environment and strong predictability of revenues

  • Buy Sobha Developers, tgt Rs 1116: Angel Broking

    11th January, 2008 10:21

    Angel Broking has maintained buy rating on Sobha Developers with taret price of Rs 1116 implying 12-month prespective. We believe the company’s near-term Earnings

  • Cipla in good health

    11th January, 2008 10:16

    At 10:10 am, Cipla was quoting at Rs 204.75, up Rs 2.60, or 1.29%. It has touched an intraday high of Rs 206 and an intraday low of Rs 203. The company may launch

  • Infosys Q3 revenues grew sequentially by 6.1%(US GAAP)

    11th January, 2008 10:08

    Infosys crosses US$ 3 billion in revenues in the first nine months (US GAAP). Q3 revenues grew sequentially by 6.1%

  • That unpaid loan could be your last one!

    11th January, 2008 10:00

    Defaulted on your loan repayment or credit card bills? Beware! Banks and other financial institutions have a new way to keep tabs on your borrowing record.

  • Infy nos not good enough for mkt sentiment: Nilesh Shah 

    11th January, 2008 10:00

    Nilesh Shah of Envision Capital believes Infosys numbers are inline but not good enough for market sentiment. He expects markets to get stabilised around the budge

  • Precision Pipes opens at Rs 165

    11th January, 2008 09:56

    Precision Pipes and Profiles Company, a Delhi-based OEM supplier to the automobile industry, has opened at Rs 165, a premium of Rs 10% over its offer price of Rs 1

  • Aries Agro lists with 15% premium

    11th January, 2008 09:53

    Aries Agro (AAL), a micronutrient and other nutritional products for plants and animals manufacturing company, has listed at Rs 150 as against offer price of Rs 13

  • Stocks in news: Motilal Oswal, TTML, Unitech, Wipro

    11th January, 2008 09:30

    Stocks in news: Motilal Oswal Q3 net profit up 139% at Rs 54 crore from Rs 22.6 crore. Unitech has got LOIs from DOT. GAIL is in pact with Coal India for coal gass

  • Infosys Q4 revenue guidance at Rs 4477 cr

    11th January, 2008 09:25

    Infosys has revised their full year guidance. Q4 revenues seen at Rs 4477 crore versus Rs 4501 crore. The company's FY08 revenue seen at Rs 16,627 crore.

  • Mkt ends near day's high amid volatility: Bankex up 4%

    11th January, 2008 09:22

    The markets ended near day's high amid volatility. It was an extremely choppy day for markets. After swinging in the positive and negative terrain the markets mana

  • Nifty likely to correct further: P-sec

    11th January, 2008 09:08

    According to P-Sec Market preview report, following the correction witnessed yesterday Nifty is likely to correct further but could find support at 6050 – 6100 lev

  • Infosys Q3 cons net up at Rs 1231 cr

    11th January, 2008 09:05

    Infosys Technologies has announced its third quarter numbers. It has posted consolidated net profit of Rs 1231 crore for the quarter ended December 2007 as against

  • Unwinding seen in mid, smallcaps 

    11th January, 2008 09:00

    Today is the day to figure out if Infosys will lift the pall of gloom in the IT sector. And the big question is if the market will break its pattern of slipping in

  • Nifty likely to witness range of 6035-6280

    11th January, 2008 08:58

    The coming session will witness an intraday range of 6035 on declines and 6280 on advances. The outlook for the markets today is that of caution as the weekend fac

  • JP Hydro, RNRL, Adlabs Films, Aptech in NSE F&O curb

    11th January, 2008 08:53

    Jaiprakash Hydro and RNRL included in NSE F&O curb. Adlabs Films, Aptech, Arvind Mills, GMR Infra, HOEL, Hotel Leela, IFCI, Ispat, IVR Prime, Nagar Fert, Oswal Che

  • Cipla, Roche in drug patent tussle

    11th January, 2008 08:49

    After forcing multinational companies to drop anti-Aids drug prices a few years ago, Cipla is set to create history all over again - this time the company is plann

  • Market cues: FIIs net buy USD 68.1 m in equity

    11th January, 2008 08:39

    Market cues: FIIs were net buyers worth of USD 68.1 million and MFs net sellers of Rs 201 crore in equity on January 9, 2008.

  • F&O cues: Futures open interest down by Rs 5080 cr

    11th January, 2008 08:30

    F&O cues: Futures open interest was down by Rs 5,080 crore and options open interest went up by Rs 763 crore. Stock Futures shed 4.5 cr shares in Open Interest.

  • Granules India eyes Europe for tablet exports

    11th January, 2008 08:25

    Granules India Ltd (GIL) is betting big on Europe for exporting tablets and is currently in talks with some European companies, reports Business Line.

  • Re rise caused Rs 2100 cr revenue loss: Infy  

    11th January, 2008 08:24

    Speaking to CNBC-TV18, the Infosys management shared its outlook for the future. The company suffered Rs 2100 crore loss in revenue because of rupee appreciation,

  • India,China likely drivers for decoupling: Bank Julius Baer 

    11th January, 2008 08:23

    Nimeesha Takalkar of Bank Julius Baer says the people are waiting to see whether Asia will truly decouple from the rest of the world. She further adds India and Ch

  • Bajaj to increase stake in KTM to over 25%

    11th January, 2008 08:21

    Bajaj Auto Ltd (BAL) on Thursday said that it would be increasing its stake in Europe’s second largest power sports bike maker KTM to over the 25% they are in the

  • Independent directors appointed to REC board

    11th January, 2008 21:23

    In pursuance to the directives of the Government, prior to its scheduled public issue, four independent Directors have been appointed to the board of Rural Electri

  • Nano 8% smaller than smallest car: Girish Wagh 

    11th January, 2008 19:58

    Tata's small car is most certainly the talk of the town. It has most certainly silenced the critics who were apprehensive about the cost and the effectiveness of T

  • Buy Reliance Energy at lower level: PN Vijay  

    11th January, 2008 19:38

    Investment Advisor, PN Vijay is of the view that one should buy Reliance Energy at lower level as right now it seems fully valued to him.

  • Aussies to pay price of arrogance 

    11th January, 2008 19:30

    In recent times, controversy, in any form has always helped fetch a bit of added publicity, and a hike in the brand value. But the Sydney saga, with all its compli

  • LIC faces manpower crunch 

    11th January, 2008 19:10

    Life Insurance Corporation of India is fast losing employees to the private sector, which offers higher pay packets. Pooja Meswani reports on the talent crunch tha

  • Reliance Energy top pick in power: Gujral

    11th January, 2008 18:54

    Technical Analyst, Ashwani Gujral is of view that Reliance Energy is the top pick with support at Rs 2,400-2,420. It can go upto Rs 2700-2750 as power is in favou

  • Buy RNRL on dip says Gujral 

    11th January, 2008 18:46

    Technical Analyst, Ashwani Gujral is of view that one should buy Reliance Natural Resources, RNRL on dip instead of going short as it is a strong stock, it is at n

  • Eppixcomm launches Eppix Interconnect Billing Sys

    11th January, 2008 18:28

    Ushacomm’s partner Eppixcomm launched the Eppix Interconnect Billing System

  • Endurance Grp wins Best Auto-component Mfg of the Yr Award

    11th January, 2008 18:19

    Endurance Systems (India) Pvt. Ltd., a part of Endurance Group – India’s leading auto-component manufacturer won the Car & Bike Award for the ‘Best Auto-component

  • Buy sugar stocks on all decline: Gujral 

    11th January, 2008 18:07

    Ashwani Gujral is of view that one can buy sugar stocks on all declines. THey have run up quite sharply but they are in an uptrend, he added.

  • Will lower IIP nos force RBI to cut rates? 

    11th January, 2008 17:57

    IIP numbers have been declared. November industrial growth is at 5.3% versus 15.8% (YoY), reports CNBC-TV18. October industrial growth has been revised to 12% vers

  • Rupee ends flat, bonds higher

    11th January, 2008 17:54

    The spot rupee closed steady at Rs 39.29 per USD as against its previous close of Rs 39.28. The widely traded 7.99%, 2017 paper ended higher at Rs 102.85 as agains

  • Aries Agro closes at 94% premium on BSE

    11th January, 2008 17:46

    Aries Agro Limited, a micronutrient and other nutritional products manufacturing company for plants and animals, listed on the BSE & NSE at Rs 150 and Rs 160 respe

  • This is a good level to get back into midcaps: Gujral

    11th January, 2008 17:34

    A late surge helped markets shrug off early volatility and close with handsome gains. Nifty closed at 6,200 up 43 points, while Sensex shut shop at 20,827 up 245 p

  • ABG Shipyard an outperformer: P Lilladher

    11th January, 2008 17:22

    Prabhudas Lilladher has recommended outperformer rating on ABG Shipyard with a target of Rs 1096. On account of higher than expected EBIDTA margin, research firm r

  • Bullish on Deccan Chronicle, Finolex, Geodesic: KIM ENG  

    11th January, 2008 17:13

    Speaking to CNBC-TV18, Jigar Shah, Senior VP, KIM ENG India said that his top midcap picks are Deccan Chronicle, Geodesic Info and Finolex Cables.

  • CSC gets $544 mn NASA contract

    11th January, 2008 17:11

    Computer Sciences Corporation announced that it has won a contract to provide facility support services at the National Aeronautical and Space Administration Johns

  • Bajaj & Kawasaki to bring big bikes into India

    11th January, 2008 16:58

    Bajaj and Kawasaki today announced an agreement to bring in Kawasaki big bikes into India.

  • Infosys Q4 revenue guidance at Rs 4477 cr 

    11th January, 2008 16:51

    Infosys has revised their full year guidance. Q4 revenues seen at Rs 4477 crore versus Rs 4501 crore. The company's FY08 revenue seen at Rs 16,627 crore.

  • Sentiment appears bearish for midcaps, smallcaps: P N Vijay 

    11th January, 2008 16:48

    Speaking to CNBC-TV18, Portfolio Manager P N Vijay said things have turned rather bearish in the midcaps and smallcaps space. "In smallcaps, one has been seeing a

  • Delhi HC schedules COAI's GSM petition for Jan 14 

    11th January, 2008 16:41

    GSM operators have move the Delhi High Court for allotment of crossover spectrum to Reliance Communication. The next hearing of this case has been schedule for Mon

  • CLSA ups target for RIL to Rs 3,400/sh 

    11th January, 2008 16:33

    CLSA has upgraded its 12-month price target Reliance Industries. CLSA maintains out perform rating and has upgraded its target to Rs 3,400, reports CNBC-TV18. It’s

  • Merrill Lynch to suffer $15 bn losses: NY Times

    11th January, 2008 16:24

    Merrill Lynch is expected to suffer losses to the tune of USD 15 billion due to the US subprime mortgage crisis, reports CNBC-TV18, quoting a New York Times report

  • Lilliput awarded 'Reid & Taylor Retailer of the Year'

    11th January, 2008 16:15

    Lilliput awarded as the 'Reid & Taylor Retailer of the Year' 2007 in the Kidswear category.

  • Future Capital Holdings IPO subscribed 2.4x

    11th January, 2008 16:10

    Future Capital Holdings (FCHL), the financial services arm of the Future Group, has received good response on day one of subscription period. The issue subscribed

  • RIL Jan future sheds 1.17 lakh shares in OI 

    11th January, 2008 15:55

    Nifty future which was about a 10 point discount early in the morning wound up at about 21 point premium. It was adding at about 18 lakh shares at open interest. R

  • UTI Asset Management files IPO papers with SEBI

    11th January, 2008 15:50

    UTI Asset Management Company, a leading provider of asset management services in India, has filed the DRHP with the SEBI to enter the capital market soon with an I

  • Aries Agro sees FY09 sales at Rs 150 cr 

    11th January, 2008 15:45

    Speaking to CNBC-TV18, Jimmy Mirchandani, Joint MD, Aries Agro said that he sees his company’s FY09 sales at Rs 150 crore and margins at 25%. The company is settin

  • Westside declared ‘Retailer of the Year, Private Label’

    11th January, 2008 15:42

    Westside, the stylish store from the house of Tatas won the coveted Asia Retail Congress 2008 ‘Retailer of the Year, Private Label’ at a function held in Mumbai

  • Precision Pipes ends below issue price

    11th January, 2008 15:36

    Precision Pipes and Profiles Company, a Delhi-based OEM supplier to the automobile industry, has closed the day on a weak note. It touched a high/low of Rs 175 and

  • Bharti Airtel's Dec PAT seen at Rs 1655 cr:P Lilladher

    11th January, 2008 15:32

    Prabhudas Lilladher research has come out with its earning estimates on the Telecom sector for the quarter ended December '07. According to the report, Bharti Airt

  • Aries Agro surges 101% on day one

    11th January, 2008 15:31

    It was a fantastic rally for Aries Agro (AAL), a micronutrient and other nutritional products for plants and animals manufacturing company, on listing day. It has

  • Yahoo! India introduces driving directions,community search

    11th January, 2008 15:22

    Yahoo! India, the largest Internet brand in India, has introduced driving directions and community search on its existing Yahoo! India maps offering at http://in.m

  • TCS nos to be inline with Infy: Experts 

    11th January, 2008 15:20

    Speaking to CNBC-TV18, Harit Shah of Angel Broking said Shah said that they expect similar performance from TCS. TCS has outperformed over the last few quarters an

  • Sensex can touch 23,000: Martin Pring 

    11th January, 2008 15:15

    In an exclusive interview to CNBC-TV18, Technical Analyst Martin Pring sees support for Sensex at 19,600. "The Sensex can go up to 23,000, if it crosses 21,000."

  • JP Associate Q3 PAT seen up at Rs 126cr

    11th January, 2008 15:13

    Jaiprakash Associates will announce its Q3FY08 results. According to CNBC-TV18 estimates, its Q3FY08E net sales are seen up 12.3% at Rs 1001 crore versus Rs 891 cr

  • IIA, U.S.A certifies BILT’s audit services

    11th January, 2008 14:59

    Institute of Internal Auditors, U.S.A undertook a validation process for BILT’s audit services that have conformed to IAA standards and code of ethics. BILT has be

  • DLF among major gainers

    11th January, 2008 14:52

    DLF is among major gainers on the Sensex. At 2:46 pm, the share was quoting at Rs 1,184.90, up Rs 42.70, or 3.74%. It has touched an intraday high of Rs 1,200 and

  • GAIL India flares up

    11th January, 2008 14:45

    At 2:37 pm, GAIL India was quoting at Rs 504, up Rs 14, or 2.86%. It has touched an intraday high of Rs 505.40 and an intraday low of Rs 480.50. The company is in

  • India Infoline Q3 PAT seen at Rs 59cr: P Lilladher

    11th January, 2008 14:44

    Prabhudas Lilladher research has come out with its earning estimates on the Financial Institution for the quarter ended December '07. According to the report, Indi

  • HDFC Q3 PAT seen at Rs 547.4cr: P Lilladher

    11th January, 2008 14:44

    Prabhudas Lilladher research has come out with its earning estimates on the Financial Institution for the quarter ended December '07. According to the report, HDFC

  • IDFC Q3 PAT seen at Rs 209.7cr: P Lilladher

    11th January, 2008 14:44

    Prabhudas Lilladher research has come out with its earning estimates on the Financial Institution for the quarter ended December '07. According to the report, IDFC

  • Exide Ind gets contract for Tata Nano: NW18

    11th January, 2008 14:31

    Exide Industries has got the contract for Tata Motors' Nano Car, reports CNBC-TV18, quoting Newswire 18. Exide Industries may set up a plant in Singur for Tata's N

  • Adani-Welspun consortium fails to bid for UK co: FT 

    11th January, 2008 14:24

    The Adani-Welspun consortium has failed to bid for UK's Burren Energy, reports CNBC-TV18, quoting Financial Times. The Adani-Welpsun consortium had planned a count

  • TTML adds 25 lakh shares in open interest 

    11th January, 2008 14:15

    Nifty January Future also showing a very volatile session. It is going into a premium of about 5 points and going into a discount of about 10-15 points so there is

  • Sage CRM Sols recognized with 2 SellMoreNow.com Awards

    11th January, 2008 14:10

    Sage CRM Solutions Recognized With Two SellMoreNow.com Awards

  • ACC loses further ground

    11th January, 2008 14:00

    At 1:54 pm, ACC was quoting at Rs 907, down Rs 31.55, or 3.36%. It has touched an intraday high of Rs 947 and an intraday low of Rs 902. It was trading with volume

  • 24x7 Learning launches Avagmah

    11th January, 2008 13:53

    24x7 Learning, India’s largest eLearning implementation company today announced a new initiative, ‘Avagmah School of Leadership’. Avagmah School of Leadership init

  • Aviation Min to demand lower customs, excise duties on ATF

    11th January, 2008 13:25

    Aviation Minister Praful Patel said he will demand lower customs and excise duties on ATF, reports CNBC-TV18. Newswire 18 has reported that Praful Patel will meet

  • Exide gets contract for Nano car, stk surges

    11th January, 2008 13:16

    At 1:10 pm, Exide Industries was quoting at Rs 79.75, up Rs 4.40, or 5.84%. It has touched an intraday high of Rs 81and an intraday low of Rs 75.10. The company ha

  • Nov industrial growth at 5.3% versus 15.8% (YoY)

    11th January, 2008 13:08

    IIP numbers have been declared. November industrial growth is at 5.3% versus 15.8% (YoY), reports CNBC-TV18. October industrial growth has been revised to 12% vers

  • Kotak Secs sees Infosys' Q4 growth at 20% 

    11th January, 2008 12:48

    Speaking to CNBC-TV18, SA Narayan, MD, Kotak Securities said that Infosys’ Q3 results are in line with expectations. He sees Infosys' Q4 growth at 20%. According t

  • M&M leads losers on the Sensex

    11th January, 2008 12:41

    Mahindra and Mahindra, M&M is top loser on the Sensex. At 12:32 pm, the share was quoting at Rs 774.60, down Rs 28.55, or 3.55%. It has touched an intraday high of

  • PNB Q3 PAT seen at Rs 502.2cr: P Lilladher

    11th January, 2008 12:37

    Prabhudas Lilladher research has come out with its earning estimates on the Banking sector for the quarter ended December '07. According to the report, Punajab Nat

  • Adani Enterprises continues to slide

    11th January, 2008 12:28

    At 12:23 pm, Adani Enterprises was quoting at Rs 1,082.45, down Rs 47.7, or 4.22%. It has touched an intraday high of Rs 1,147 and an intraday low of Rs 1,075. Ad

  • Bank of India Q3 PAT seen at Rs 358.8cr: P Lilladher

    11th January, 2008 12:26

    Prabhudas Lilladher research has come out with its earning estimates on the Banking sector for the quarter ended December '07. According to the report, Bank of Ind

  • ICICI Bk Q3 PAT seen at Rs 1145.5cr: P Lilladher

    11th January, 2008 12:26

    Prabhudas Lilladher research has come out with its earning estimates on the Banking sector for the quarter ended December '07. According to the report, ICICI Bank'

  • HDFC Bk Q3 PAT seen at Rs 405.2cr: P Lilladher

    11th January, 2008 12:23

    Prabhudas Lilladher research has come out with its earning estimates on the Banking sector for the quarter ended December '07. According to the report, HDFC Bank's

  • Cairn India top loser on Nifty

    11th January, 2008 12:18

    Cairn India is top loser on the Nifty. At 12:15 pm, the share was quoting at Rs 234.85, down Rs 7.7, or 3.17%. It has touched an intraday high of Rs 246 and an int

  • Reliance Industries gains 3.1%

    11th January, 2008 12:15

    At 12:10 pm, Reliance Industries was quoting at Rs 3,122, up Rs 94.95, or 3.14%. It has touched an intraday high of Rs 3,123 and an intraday low of Rs 3,000. It wa

  • Axis Bank Q3 PAT seen at Rs 25.9cr: P Lilladher

    11th January, 2008 12:13

    Prabhudas Lilladher research has come out with its earning estimates on the Banking sector for the quarter ended December '07. According to the report, Axis Bank's

  • Kamal Nath inaugurates the 9th Auto Expo 2008

    11th January, 2008 12:02

    Mr Kamal Nath, Minister of Commerce and Industry of Government of India, on Thursday inaugurated the 9th Auto Expo 2008 at Lal Chowk in Pragati Maidan in New Delhi

  • Sanjay Dutt unveils Dilip Chabbria’s ‘Ambierod’

    11th January, 2008 11:54

    Cine Star Sanjay Dutt, unveiled Dilip Chhabaria designed ‘Ambierod’ – a Super Luxury Car in Delhi at the 9th Auto Expo.

  • GAIL, Coal India sign MoU

    11th January, 2008 11:46

    GAIL (India) Limited and Coal India Limited have entered into an MOU for setting up of a surface coal gasification project for production of synthesis gas for fert

  • New Robots launched at 1st Robo Expo

    11th January, 2008 11:36

    The Robo Expo, being held from 10-17 January at the Andhra Pavilion, Pragati Maidan showcases world leaders of Robotics & Automation such as ABB Ltd, Hi-Tech Robot

  • Stick with midcaps in IT sector: Dipan Mehta 

    11th January, 2008 11:26

    Speaking to CNBC-TV18, Dipan Mehta, Member BSE and NSE said that Infosys numbers are lower than the market estimates. According to him, the stock will remain at th

  • Stay away from sugar stocks: Sukhani 

    11th January, 2008 11:22

    Technical Analyst, Sudarshan Sukhani is of the view that one should stay away from sugar stocks. He suggests, one should book profit in it, if someone have it.

  • Ispat buying opportunity on dip says Sukhani 

    11th January, 2008 11:15

    Technical Analyst, Sudarshan Sukhani is of the view that correction will represent a buying opportunity for traders.

  • RPL, RNRL momentum plays: Sukhani 

    11th January, 2008 11:00

    Technical Analyst, Sudarshan Sukhani is of the view that Reliance Petroleum, Reliance Natural Resources are all momentum plays. He suggests when momentum is turnin

  • Infosys numbers lower than expectation on Q3 delivery

    11th January, 2008 10:55

    Infosys Technologies announced its third quarter numbers. It posted consolidated net profit of Rs 1231 crore for the quarter ended December 2007 as against Rs 110

  • Arvind Saxena promoted to Senior VP, HMIL

    11th January, 2008 10:45

    The New Year begins for Hyundai, India’s largest auto exporter and second largest manufacturer, with fresh vigour and vitality as Mr Arvind Saxena, till now Vice-P

  • Buy Axis Bank, tgt Rs 1268: Angel Broking

    11th January, 2008 10:42

    Angel Broking has maintaiend buy rating on Axis Bank with target price of Rs 1268 implying 12 month prespective and potenial upside of 16%.

  • Dips are buying opportunities: Technical Trends 

    11th January, 2008 10:32

    Sudarshan Sukhani of Technical Trends says we are in a bull market, the intermediate trend is up and as along as we remain above 6,000 levels on the Nifty the sho

  • Bajaj Hindustan loses sweetness

    11th January, 2008 10:21

    At 10:16 am, Bajaj Hindustan was quoting at Rs 348, down Rs 16.5, or 4.53%. It has touched an intraday high of Rs 367.90 and an intraday low of Rs 345.05. It was t

  • Infosys Q3 revenues grew sequentially by 4.02%(Indian GAAP)

    11th January, 2008 10:18

    Infosys crosses US$ 3 billion in revenues in the first nine months (Indian GAAP). Infosys Q3 revenues grew sequentially by 4.02%

  • Precision Pipes pegs 09 revenues at Rs 80 cr, PAT at 15% 

    11th January, 2008 10:16

    Speaking to CNBC-TV18, Ajay Jain, MD, Precision Pipes & Profiles said that their FY08 sales stand at Rs 130 crore and that their PAT is up at 40%. According to him

  • ICICI Bank hits 52-week high

    11th January, 2008 10:05

    ICICI Bank has touched a 52-week high of Rs 1,412. At 10:04 am, the share was quoting at Rs 1,412, up Rs 55.85, or 4.12% on the Nifty. According to PTI, the comp

  • RITES IPO likely to hit capital market in April

    11th January, 2008 10:00

    Initial public offering (IPO) for the Railway Ministry subsidiary RITES is likely to hit the market by April with Union Cabinet on Thursday giving its nod for redu

  • Future Capital Holdings IPO opens for subscription

    11th January, 2008 09:59

    Future Capital Holdings (FCHL), the financial services arm of the Future Group, is open for subscription with its initial public offering (IPO) of 6,422,800 equity

  • Infy nos in line with expectations: Moshe Katri 

    11th January, 2008 09:55

    Speaking to CNBC-TV18, Moshe Katri, MD, Cowen & Company said that the Infosys numbers are in line with expectations and there are not too many surprises. The valua

  • Market may see another fall

    11th January, 2008 09:30

    European markets fell last night, while the US indices rallied for a second successive day, and after a negative start. Asian markets are down this morning, with t

  • Rupee opens at Rs 39.26-39.28 per dollar

    11th January, 2008 09:29

    The spot rupee opened at Rs 39.26-39.28 per USD as versus Rs 39.28 yesterday.

  • Aries Agro may debut around Rs 150 

    11th January, 2008 09:23

    Aries Agro is into an interesting space but there are better companies in crop protection and nutrients. They will also deliver about Rs 15 earnings per share next

  • Rs 175-180 a fair value for Precision Pipes  

    11th January, 2008 09:20

    Precision Pipes has got oversubscribed about 11 times. It is not the market’s favourite space at this time. It is a supplier to auto companies like Maruti, General

  • SAT sets aside order against Mathew Easow

    11th January, 2008 09:07

    Securities Appellate Tribunal (SAT) has set aside a SEBI order against Mr Mathew Easow, a stock analyst and chairman of Mathew Easow Research Securities Ltd, a Kol

  • Asian mkts end lower: Hang Seng down 363 pts

    11th January, 2008 09:01

    Asian markets ended lower. Hong Kong's Hang Seng plunged 363.85 or 1.34% at 26,867.01. Japan's Nikkei dropped 277.32 or 1.93% at 14,110.79. South Korea's Seoul Com

  • Wall Street finishes in positive territory amid volatility 

    11th January, 2008 08:59

    After a volatile session Wall Street finishes in positive territory. With an afternoon rally the Dow picking up a 117-points the S&P 500 closing 11-points up and t

  • Buy Gold MCX Feb at Rs 11170

    11th January, 2008 08:55

    Buy Gold MCX Feb at Rs 11170 for target of Rs 11300 per 10 gram and keep stoploss at Rs 11120/ 10gms, Mathur said.

  • Equity calls: Kumar, Bhamre, Gujral

    11th January, 2008 08:49

    I am not too worried about the correction in midcaps as it has come after a long rally. I expect positive momentum in the market going into the results season & ah

  • Indian ADRs: ICICI Bk up 8%, VSNL gains 4%, Sterlite up 5%

    11th January, 2008 08:40

    Indian ADRs: ICICI Bank, Satyam, HDFC Bank, Wipro, VSNL and Tata Motors gained while Sterlite Ind, Dr Reddy's Labs, Patni and MTNL lost ground.

  • US mkts end higher on Bernanke's comment

    11th January, 2008 08:36

    US markets close higher after a volatile session. Fed Chairman Ben Bernanke's comment hinting further rate cuts also added to the volatility. His comments sent the

  • Mitsubishi to launch electric car in India

    11th January, 2008 08:27

    Mitsubishi Motors expects to launch its electric vehicle in India in a few years while the Outlander SUV will be manufactured locally, reports Business Line.

  • Re rise above 3-5% can hit us: Infosys 

    11th January, 2008 08:25

    Speaking to CNBC-TV18, V Balakrishnan, CFO, Infosys said, long-term, rupee could appreciate if the inflows continue to be strong. “If there is a marginal movement

  • Wipro Infotech bags Aircel contract

    11th January, 2008 08:24

    Aircel, a Maxis group company, announced today that it has awarded a nine-year next generation business transformation contract to Wipro Ltd, reports Business Line

  • Crude trading at $94.24/bbl

    11th January, 2008 08:22

    Crude prices slipped to the 94-dollar mark as concerns about a wider economic slowdown raised the possibility of weakening energy demand. In after hours access tra

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