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Moneycontrol News Archive : 24 January, 2008

  • Need of hour is 25 bps cut, say bankers 

    24th January, 2008 21:05

    Uday Kotak of Kotak Mahindra Bank says the need of the hour is a 25 basis point cut in the repo rate. Sanjay Nayar, CEO, Citi India has a view that the cut in resp

  • Cipla-Roche hearing in Delhi HC deferred to Jan 31 

    24th January, 2008 20:28

    Cipla-Roche hearing on Erlotinib in the Delhi High Court has been deferred to January 31, reports CNBC-TV18.

  • Mkts to see more pain on the downside: Modern Shares 

    24th January, 2008 20:15

    Speaking to CNBC-TV18, Neppolian Pillai, Head-Institutional Equity, Modern Shares & Stock Brokers, said there could still be some pain on the downside. "In a gloom

  • Will India weather global meltdown? 

    24th January, 2008 19:32

    Meneka Doshi caught up with Adi Godrej, Chairman of Godrej Industries, Ajit Gulabchand, CMD of Hindustan Construction Company, Malvinder Singh, MD & CEO of Ranbaxy

  • Reliance Capital Q3 net profit at Rs 135.24 cr 

    24th January, 2008 19:17

    Reliance Capital has come out with third quarter numbers. It has posted Q3 standalone net profit of Rs 135.24 crore as against Rs 72.6 crore YoY. Standalone net

  • PNB Q3 net up 25.85% at Rs 541 cr 

    24th January, 2008 19:13

    Punjab National Bank, PNB has come out with Q3FY08 numbers. It has posted 25.85% growth in its third quarter net profit of Rs 429.87 crore as against Rs 541 crore

  • Vishal Retail to add 45 stores in FY09

    24th January, 2008 18:12

    Vishal Retail has declared its third quarter results. It plans to add 45 stores in FY09.

  • Vivimed Labs top line up 47% to Rs 140.92cr, PAT up 45%

    24th January, 2008 17:55

    Vivimed Labs Profit before tax stood at Rs 18.72 crore, 44% up from Rs 13 crore for the same period last year. The Net Profit jumped 44.53% to Rs 14.04 crore as co

  • Majority of experts say apply for OnMobile Global

    24th January, 2008 17:48

    OnMobile Global, a leading provider of telecommunications value added software products and services, has opened for subscription with an initial public offering o

  • What experts say about KNR Constructions?

    24th January, 2008 17:40

    KNR Constructions, an infrastructure project development company, has opened for subscription with an IPO of 7,874,570 equity shares of Rs 10 each. Moneycontrol co

  • John Donahue is new eBay CEO 

    24th January, 2008 17:37

    Online shopping and auction giant eBay has a new chief. John Donahue will take the reins in April, after current President and CEO, Meg Whitman steps down on March

  • Tulip IT bagged prestigious Assam SWAN Project

    24th January, 2008 17:33

    Tulip IT announced its Q3 FY08 result. The company held a concall to discuss the same.

  • Aegis Logistics to open 100 auto gas stations by FY09

    24th January, 2008 17:25

    Aegis Logistics has announced its third quarter numbers. It has reported net sales of Rs 97.74 crore versus Rs 65.69 crore and profit after tax of Rs 10.28 crore v

  • Stocks to watch: Bongaigaon

    24th January, 2008 17:16

    It was an extremely volatile session for markets as they closed in deep red after opening on a robust note. Sensex was down nearly 1000 points from the highs of th

  • Mkts may take one-month to stabilize: Franklin Templeton 

    24th January, 2008 17:09

    In an exclusive interview to CNBC-TV18, R Sukumar, CIO Equities, Franklin Templeton (India), said the markets are likely to take around one-month to stabilise. He

  • Remain cautious on gold: Normans Martin Adv Group 

    24th January, 2008 16:51

    In an exclusive interview to CNBC-TV18, Ram Pitre of Normans Martin Advisory Group advised investors to remain cautious on gold and not buy at current levels. He a

  • Bongaigaon Refineries can touch Rs 69-70: Bose 

    24th January, 2008 16:40

    Technical Analyst, Rajat K Bose is of the view that if Bongaigaon Refineries remain above Rs 63 levels then it can touch Rs 69-70. It has shown good movement today

  • Tata Indicom presents India's 1st M-Education service

    24th January, 2008 16:39

    Tata Indicom presents India's first M-Education service. Under this model, the mobile phone undergoes a metamorphosis-from a device that allows you access to voice

  • Cipla sees milestone income of Rs 75cr 

    24th January, 2008 16:37

    Cipla has posted a net profit at Rs 210.65 crore for Q3 FY08. Its net sales during the same quarter stood at Rs 1,104 crore. Amar Lulla, Joint MD, Cipla, said the

  • Airbus achieved 1341 net orders valued at US$ 157.1bn

    24th January, 2008 16:35

    Airbus achieved 1,341 net orders valued at US$ 157.1 billion at catalogue prices (1,458 new gross orders valued at US $ 181.1 billion).

  • 50% expect RBI to cut repo rates: Poll 

    24th January, 2008 16:31

    The big expectation aside from the Fed is what our own Reserve Bank governor will do. From a poll conducted it seems that it may not be such a cut and dry situatio

  • PNB's net profit increased by 26% to Rs 541.46cr

    24th January, 2008 16:28

    PNB's net profit increased by 26% to Rs 541.46cr

  • Sterlite Industries wins Golden Peacock Award for Training

    24th January, 2008 16:26

    Sterlite Industries received the prestigious Golden Peacock Award for Training in recognition to its World-Class Employee Training Structure and Excellent practice

  • Vespa to make a comeback!

    24th January, 2008 16:23

    Vespa - once a household name in India and also the one time partner of Bajaj Auto to start its scooter journey, is coming back and this time, all alone. CNBC-TV18

  • CARE ‘AAA’ rating for PNB Bonds

    24th January, 2008 16:19

    CARE has assigned ‘CARE AAA’ (Triple A) rating to Punjab National Bank’s Perpetual Bonds aggregating Rs 3400 crores.

  • Intense deploys iECCM Framework at MTN Irancell

    24th January, 2008 16:14

    Intense deploys iECCM Framework at MTN Irancell. The iECCM Framework is an integrated, intelligent Enterprise Customer Communication Management offering that enabl

  • French Bank Societe General uncovers $7.14 bn fraud

    24th January, 2008 16:12

    French Bank Societe Generale has uncovered a USD 7.14 billion fraud in its markets division, according to reports. The fraud comprised "massive fraudulent directio

  • Times OOH gets Rs 200cr eq invst from Goldman Sachs,Lehman

    24th January, 2008 16:00

    Times OOH receives Rs 200 crores equity investment from Goldman Sachs and Lehman Brothers. The deal, which was concluded today, values TIM at over Rs. 1,200 crores

  • Asian CERC goes global with proposed merger of Regius Info

    24th January, 2008 15:57

    Asian CERC goes global with proposed merger of Regius Infotech

  • Ruchi Soya net sales up by 12% to Rs 3196.63cr

    24th January, 2008 15:51

    Ruchi Soya Ind Ltd Q3FY08 Net Sales grew by 12% at Rs 3196.63 crore and Net Profit by 58.5% at Rs. 59.47 crore. Branded sales, including brands Nutrela, Mahakosh,

  • Satyam Computer an outperformer: Credit Suisse

    24th January, 2008 15:47

    Credit Suisse has recommended an outperformer rating on Satyam Computer with a target of Rs 500. Satyam’s winning momentum continues with yet another quarter of ou

  • Blue Dart Express appoints Yogesh Dhingra as COO

    24th January, 2008 15:42

    Blue Dart Express appoints Yogesh Dhingra as COO. His responsibilities in this new role will encompass supervising operations of Blue Dart’s core products, IT admi

  • Cords Cable IPO subscribed 5 times

    24th January, 2008 15:35

    The initial public offering (IPO) of Cords Cable Industries, a specialised cable manufacturer for variety of industries, has closed for subscription. The issue rec

  • Axis Bank adds about 2.8 lakh shares in Feb series

    24th January, 2008 15:29

    Turnover was an issue for the second day in a row. It was slightly higher than yesterday but it was still pretty subdued, slightly below Rs 40,000 crore mark. Axis

  • Shriram EPC IPO opens on Jan 29, price band Rs 290-330

    24th January, 2008 15:24

    Shriram EPC, a service providers of integrated design, engineering, procurement, construction and project management services for renewable energy projects, will e

  • Invest in value buys across largecaps, midcaps: LKP 

    24th January, 2008 15:15

    Speaking to CNBC-TV18, S Ranganathan of LKP Shares said there’s still a bit of pain left in the midcap space. He added that the market correction has created oppor

  • Unitech slips on profit booking

    24th January, 2008 15:09

    At 3:03 pm, Unitech was quoting at Rs 371, down Rs 22.25, or 5.66%. It has touched an intraday high of Rs 425 and an intraday low of Rs 366.60. It was trading with

  • Gemini Comm net jumps 76%, revenue grows by 17% YoY

    24th January, 2008 15:02

    Gemini Communications Net jumps 76% . Revenue grows by 17% y-o-y to Rs 52.91 crore. Bags deal worth 200 crore from Midas Communication for BSNL

  • Shree Renuka's total income up by 52% to Rs 1874mn

    24th January, 2008 14:58

    Shree Renuka Sugars Q1 Net up 15%. During the quarter, sugar sales amounted to Rs.1190 million (Rs.923 million) and ethanol showed a sharp increase of 560% to Rs.2

  • Mahindra Scorpio SUV & Pik-Up range launched in Brazil

    24th January, 2008 14:50

    Mahindra Scorpio SUV & Pik-Up range launched in Brazil. Mahindra & Mahindra (M&M), India's leading automotive brand with a growing global presence, today announced

  • Re-enter in Punj Lloyd at Rs 415-430: Bhamre 

    24th January, 2008 14:41

    Siddharth Bhamre of Angel Broking is of the view that one can re-enter in Punj Lloyd at Rs 415-430. The Open Interest change in Punj Lloyd has been quite humongous

  • Sun Pharmaceutical in poor health

    24th January, 2008 14:35

    At 2:28 pm, Sun Pharmaceutical Industries was quoting at Rs 930, down Rs 42.35, or 4.36%. It has touched an intraday high of Rs 1,019.90 and an intraday low of Rs

  • Welspun Gujarat trips on selling pressure

    24th January, 2008 14:24

    At 2:17 pm, Welspun Gujarat Stahl Roh was quoting at Rs 455.10, down Rs 17.3, or 3.66%. It has touched an intraday high of Rs 519.95 and an intraday low of Rs 441.

  • Exit Bharti Airtel, says Tulsian 

    24th January, 2008 14:19

    Investment Advisor SP Tulsian is of the view that one can exit Bharti Airtel. Telecom service provider’s valuations as such has been taking a beating because of th

  • Marico Q3 net profit up at Rs 45.9cr

    24th January, 2008 14:18

    Marico announced its Q3FY08 result. The company in Q3 has reported consolidated net profit of Rs 45.9 cr from Rs 28.4cr, up 50.9% on YoY basis.

  • Jindal Steel melts down

    24th January, 2008 14:17

    At 2:11 pm, Jindal Steel & Power was quoting at Rs 1,930, down Rs 231.55, or 10.71%. It has touched an intraday high of Rs 2,310 and an intraday low of Rs 1,790. I

  • Limited downside in Punj Lloyd: Tulsian 

    24th January, 2008 14:08

    Investment Advisor SP Tulsian is of the view that there is limited downside in Punj Lloyd. It is a highly momentum stock and a fall of Rs 100 is quite likely. The

  • Brokerage stocks look attractive post correction  

    24th January, 2008 13:47

    In the past couple of days, brokerage stocks have also been beaten down. However, they have seen a significant recovery in the past two days. Despite that, they ar

  • Lotus India Tax Plan declares maiden dividend

    24th January, 2008 13:36

    Lotus Mutual Fund has declared a maiden dividend of 15% in its Lotus India Tax Plan for which the record date has been fixed as January 28, 2008.

  • Mkts to consolidate, fundamentals intact: Edelweiss 

    24th January, 2008 13:33

    Speaking to CNBC-TV18, Vikas Khemani, President and Co-Head-Institutional Equities, Edelweiss, said global markets are stabilizing now. He added that the pain is o

  • Margin pressure makes midcaps see red 

    24th January, 2008 13:21

    Brokers are asking retail participants to pay upfront before placing any buys, a CNBC-TV18 analyst said. Post the hike in margins yesterday by the exchanges, a lot

  • BHEL Q3 profit seen up 31.3% at Rs 876 cr

    24th January, 2008 13:20

    Bharat Heavy Electricals, BHEL is to announce its Q3FY08 numbers. According to CNBC-TV18 estimates, it is expected to post 31.3% growth in its profit after tax of

  • Reliance Capital Q3 net profit at Rs 135.24 cr

    24th January, 2008 13:14

    Reliance Capital has come out with third quarter numbers. It has posted Q3 standalone net profit of Rs 135.24 crore as against Rs 72.6 crore YoY.

  • ArcelorMittal inaugurates Arceo

    24th January, 2008 13:13

    ArcelorMittal inaugurates Arceo, its industrial prototype for a vacuum plasma steel coating line located in Ličge, Belgium. The vacuum plasma process is respectful

  • FACT Q3 net loss at Rs 54.5 cr

    24th January, 2008 13:10

    Fertilisers and Chemicals Travancore, FACT has announced its third quarter numbers. It has posted net loss of Rs 54.5 crore for the quarter ended December 2007 as

  • Indiabulls Real slips on profit booking

    24th January, 2008 13:07

    At 1:01 pm, Indiabulls Real Estate was quoting at Rs 586, down Rs 46.6, or 7.37%. It has touched an intraday high of Rs 660 and an intraday low of Rs 585. Indiabul

  • Buy Maruti Suzuki, tgt Rs 1240: Merrill Lynch

    24th January, 2008 12:59

    Merrill Lynch has maintained buy rating on Maruti Suzuki with target price of Rs 1240 . Maruti unveiled prototypes of A-concept car and D-segment Kizashi as well a

  • Nitco Tiles to invest Rs 166 cr in realty, tiles biz 

    24th January, 2008 12:55

    Speaking to CNBC-TV18, Vivek Talwar, MD, Nitco Tiles said, “Half of the money that we raised would be used towards our real estate business and half of it would be

  • Grasim Q3 cons profit up 30% at Rs 721.8 cr 

    24th January, 2008 12:52

    Grasim Industries has announced its Q3FY08 numbers. It has posted 30% growth in its consolidated net profit of Rs 721.8 crore for the quarter ended December 2007 a

  • Around 500 smallcaps still at lower circuit 

    24th January, 2008 12:44

    Almost 500 small cap stocks are still at lower circuit with low volume. Is their any value in such counters & how have they been performing with respect to the maj

  • PNB continues to rise

    24th January, 2008 12:41

    At 12:35 pm, Punjab National Bank, PNB was quoting at Rs 631.50, up Rs 29.50, or 4.90%. It has touched an intraday high of Rs 634 and an intraday low of Rs 610. It

  • Underwriting by Primary Dealers-Auction of SDL

    24th January, 2008 12:37

    Underwriting by Primary Dealers – Auction of State Development Loans

  • Omnitech Infosolutions Q3 net profit at Rs 7.6cr

    24th January, 2008 12:34

    Omnitech Infosolutions Limited held a concall to discuss its Q3 FY08 result.

  • Buy Grasim, target Rs 4450: Merrill Lynch

    24th January, 2008 12:28

    Merrill Lynch has maintained buy rating on Grasim Industries with target price of Rs 4450 implying upside potential of 26%.

  • Shree Renuka loses sweetness

    24th January, 2008 12:21

    At 12:13 pm, Shree Renuka Sugars was quoting at Rs 835.60, down Rs 30.1, or 3.48%. It has touched an intraday high of Rs 935 and an intraday low of Rs 830. The com

  • 6.57% Govt Stock, 2011 (Re-issue): Auction results

    24th January, 2008 12:15

    6.57% Government Stock, 2011 (Re-issue) and 12.25% Government Stock, 2010 (Re-issue) - Auction Results

  • Exit Bongaigaon Refineries, says Baliga 

    24th January, 2008 12:11

    Ambareesh Baliga of Karvy Stock Broking is of the view that one can exit Bongaigaon Refinery because this is a stock, which had moved up earlier basically based on

  • Add GMR Infra at Rs 180: Srivastava 

    24th January, 2008 12:04

    Ajay Srivastava, Dimensions Consulting is of the view that one can add GMR Infrastructure at Rs 180. It’s a good buy and should give healthy returns.

  • BoM’s Q3 net profit soars by 35.06% to Rs 100.38cr

    24th January, 2008 11:55

    Bank Of Maharashtra’s Q3 net profit soars by 35.06% to Rs 100.38cr. Operating profit remained at Rs. 172.51 crore for the quarter as against Rs.171.34 crore

  • JM Agri & Infra Fund debuts at Rs 8.9777

    24th January, 2008 11:53

    JM Agri & Infra Fund has debuted at Rs 8.9777 per unit as against a face value of Rs 10 per unit.

  • Gung-ho about Fortis Healthcare, BOI, PVR: Upstart Cap 

    24th January, 2008 11:48

    Speaking to CNBC-TV18, V Swaminathan, Upstart Capital said he is optimistic about Fortis Healthcare, Bank of India, PVR and Petronet LNG. He expects the coming qua

  • Chennai Petro to up capacity utilisation to 110% 

    24th January, 2008 11:39

    Chennai Petroleum has announced its Q3 FY08 result. KK Acharya, MD, Chennai Petroleum, said we have better capacity after rectification of the bottlenecks before t

  • Entertainment Network puts on a good show

    24th January, 2008 11:37

    At 11:30 am, Entertainment Network India was quoting at Rs 475.15, up Rs 37.40, or 8.54%. It has touched an intraday high of Rs 524 and an intraday low of Rs 455.

  • Dena Bank has resistance at Rs 71: Gujral 

    24th January, 2008 11:32

    Technical Analyst, Ashwani Gujral is of the view that Dena Bank has resistance at Rs 71 and it has support at Rs 44. Adlabs is likely to do well, it has support at

  • L&T a safe bet: Srivastava 

    24th January, 2008 11:20

    Ajay Srivastava, Dimensions Consulting is of the view that L&T is a safe bet. In non-Index stocks Kotak Mahindra Bank would be at the top of the list and one of th

  • ICICI Bank minting money

    24th January, 2008 11:08

    At 11:03 am, ICICI Bank was quoting at Rs 1,216, up Rs 65.20, or 5.67%. It has touched an intraday high of Rs 1,246 and an intraday low of Rs 1,165.15. It was trad

  • Sugar stocks likely to consolidate: Gujral 

    24th January, 2008 10:56

    Technical Analyst, Ashwani Gujral is of the view that sugar stocks are likely to consolidate at current level. Sugar had a quick bull market and is now probably ba

  • Indian GDRs: Satyam up 11.3%, Reliance up 6.7%

    24th January, 2008 10:48

    Indian GDRs: Satyam, Reliance, Bajaj Auto, Ranbaxy, Hindalco, VSNL, HDFC Bank, SBI, Infosys and MTNL gained, while Dr. Reddy's and ITC fell.

  • BHEL bags order of Rs 2500cr, stk up 4%

    24th January, 2008 10:43

    At 10:36 am, BHEL was quoting at Rs 2,2390, up Rs 93.25, or 4.35%. The company has bagged order worth of Rs 2500 crore for Tamil Nadu Thermal Plant, reports CNBC-T

  • Ispat has resistance at Rs 55: Gujral 

    24th January, 2008 10:35

    Technical Analyst, Ashwani Gujral is of the view that Ispat Industries has resistance at Rs 55. It has support at Rs 31. But these stocks before they get anywhere

  • Buy LIC Housing Fin, target Rs 588 : HEM Securities

    24th January, 2008 10:29

    HEM Securities has maintianed buy rating on LIC Housing Finance with target price of Rs 522 implying upside potential of approx 86%.

  • Reliance Energy maintain its march ahead

    24th January, 2008 10:01

    Reliance Energy has continued to gain. At 10:00 am, the share was quoting at Rs 2,057, up Rs 74.15, or 3.74% on the NSE. It was trading with volumes of 78,259 shar

  • Wall St ends higher after volatile session; Dow 298 pts 

    24th January, 2008 10:00

    Bears dominated the morning but by the end of Wednesday’s trading day the Bulls were in the Dow to a nearly 300-point gain. Tech stocks also added 24 points to the

  • Markets may remain choppy

    24th January, 2008 09:45

    According to Khandwala Securities Market Preview report, in the short term the markets will behave choppy due to mixed bag sentiments around the global economies.

  • KNR Constructions IPO bids start today

    24th January, 2008 09:39

    KNR Constructions, an infrastructure project development company, is open for subscription with an IPO of 7,874,570 equity shares of Rs 10 each for cash at a price

  • Mkt ends with deep cut: Nifty closes below 5,100

    24th January, 2008 09:38

    The markets have shown some recovery on the back of some positive cues from Europe. Nifty has recovered 100 points and Sensex is up 300 points from the day's low.

  • Mid Day Q3 net profit at Rs 0.99cr

    24th January, 2008 09:35

    Mid-Day in Q3 FY08 posted net profit of Rs 0.99 cr versus Rs 2.21 cr, YoY basis. During the same period, its net sales were at Rs 28.22 Cr Vs Rs 26.7 Cr on YoY bas

  • Shriram Transport Fin Q3 net at Rs 107cr

    24th January, 2008 09:31

    Shriram Transport Finance in Q3 FY08 ;posted net profit of Rs 107 cr versus Rs 57.6 cr, YoY basis. During the same period, its net sales were at Rs 638 Cr Vs Rs 37

  • CESC still remains cheap power stock

    24th January, 2008 09:27

    Power stocks have to come off and have come off quite a bit. When the prices change then one has to relook at the stocks. One cannot just say power is an expensive

  • Valuations not supportive in fertiliser stocks 

    24th January, 2008 09:20

    From a trading perspective, Nagarjuna Fertilisers can give a bounce to Rs 50 but I do not think valuations are still supportive unless that big policy change that

  • Rico looking to set up manufacturing facility abroad

    24th January, 2008 09:02

    Auto component maker Rico is looking to set up an overseas manufacturing unit in Eastern Europe or Thailand in a bid to boost its competitiveness, reports Business

  • Global woes not to hit eco, FII flows: India Inc

    24th January, 2008 08:56

    Sunil Mittal, MD, Bharti Enterprises, said, “India is well insulated given the strong fundamentals; nothing has changed." Malvinder Singh, MD & CEO, Ranbaxy Labs s

  • Nifty has resistance at 5403

    24th January, 2008 08:48

    The support for the Nifty is at 4450 and resistance to the up move at 5403.

  • TNPL to start work on mill expansion by May

    24th January, 2008 08:44

    Tamil Nadu Newsprint and Papers Ltd hopes to start work on its Rs 725-crore mill expansion plan by May, reports Business Line.

  • L&T bags Gulf orders worth Rs 1,057 cr

    24th January, 2008 08:42

    Larsen & Toubro Ltd along with its group companies have bagged orders worth Rs 1,057 crore in the Gulf region, reports Business Line.

  • Equity calls: Sanghi, Kumar 

    24th January, 2008 08:40

    Some of the pain in the market is out but its is not completely over. A slowdown in the US will impact EMs including India, says Sanghi.

  • Spice eyes 10% share of market in 3 years

    24th January, 2008 08:37

    With as many as five new companies set to enter the highly competitive cellular services sector, operators are looking at bringing in innovative business models an

  • Crude prices fall below $88/bbl

    24th January, 2008 08:34

    Crude prices fell below the USD 88 mark amid persistent fears of a global economic slowdown. In after hours access trading, crude is at $87.63/bbl.

  • Stocks in news: SBI, Ankit Metal, Indiabulls Real

    24th January, 2008 08:28

    Stocks in news: SBI has results today. Ankit Metal has board meet to consider QIP / preferential issue and increasing FII investment limit. Indiabulls Real Estate

  • Indian ADRs: Satyam gains 11.3%, Dr Reddy's slips 5.7%

    24th January, 2008 08:16

    Indian ADRs: Satyam, VSNL, HDFC Bank, Infosys and MTNL gained, while Dr Reddy's Lab and Sterlite slipped.

  • Wall St ends higher after volatile session; Dow 298 pts

    24th January, 2008 08:14

    It was a very volatile session on Wall Street. Stocks snapped a five-day losing streak, with the Dow surging nearly 300 points on optimism that a government plan t

  • F&O cues: Futures Open Interest up by Rs 1208 cr

    24th January, 2008 08:04

    F&O cues: Futures Open Interest up by Rs 1,208 crore and Options Open Interest down by Rs 915 crore.

  • India may take steps to moderate capital flows: FM

    24th January, 2008 20:37

    Finance Minsiter P Chidambaram has hinted that India may take steps to moderate capital flows, reports CNBC-TV18 quoting a news agency report. He was reacting to t

  • 'Reddy' for a rate cut? 

    24th January, 2008 20:24

    The events of the past week have seriously changed the terrain for the Indian economy and its external environment making a rate cut advisable, may be even inevita

  • SBI Q3 cons net profit up 55.1% at Rs 2442 cr

    24th January, 2008 20:05

    SBI has declared its third quarter results. Its Q3 consolidated net interest income stood at Rs 5,899 crore versus Rs 5,684.5 crore, YoY.

  • SBI Q3 net seen up at Rs 1348.63 cr 

    24th January, 2008 19:19

    SBI will declare its third quarter results. According to CNBC TV18 estimates, its third quarter net profit is seen up 26.62% from Rs 1065.06 crore to Rs 1348.63 cr

  • PNB Q3 net up 25.85% 

    24th January, 2008 19:14

    Punjab National Bank, PNB has come out with Q3FY08 numbers. It has posted 25.85% growth in its third quarter net profit of Rs 429.87 crore as against Rs 541 crore

  • GMR Infra Q3 cons PAT at Rs 64 cr 

    24th January, 2008 19:10

    GMR Infra has declared its third quarter results. Its Q3 consolidated net profit stood at Rs 64.07 crore versus Rs 53.26 crore, YoY.

  • Rescheduling of settlement activities on Friday

    24th January, 2008 18:08

    In view of the proposed bank strike on Friday, January 25, 2008, there will be no pay-in /pay-out activities for settlements of Cash Segment and Derivatives Segmen

  • Davos focus: Global economic crisis 

    24th January, 2008 17:49

    It is day one at the World Economic Forum’s Annual Meeting. Menaka Doshi meets the global leaders from familiar names such as KV Kamath and Indra Nooyi, James Dimo

  • Sunil Hitech PAT jumps 231%, Net sales up 121%

    24th January, 2008 17:46

    Sunil Hitech PAT jumps 231 %, Net Sales up 121%. The company's Total Income in Q3 FY08 has jumped 121% to Rs. 79.10 crore against Rs. 35.85 crore for the same peri

  • Sanghvi Movers Q3FY08 net profit up 111% at Rs 17.76cr

    24th January, 2008 17:39

    Sanghvi Movers Limited Q3FY08 Net Profit up 111% at Rs 17.76 crore

  • Rupee, bonds end higher

    24th January, 2008 17:37

    The Indian rupee ended higher at Rs 39.4500 per USD as against previous close of Rs 39.5750 on Wednesday. The widely traded 7.99%, 2017 gilt ended higher at Rs 104

  • Granules India Q2FY08 net sales up 5.44% at Rs 53cr

    24th January, 2008 17:30

    Granules India Ltd., one of the world’s largest Pharmaceutical Formulation Intermediate (PFI) manufacturers, today announced a rise in its net sales by 5.44 per ce

  • Minda Industries sales at Rs 9717.48 lakh

    24th January, 2008 17:18

    Minda Industries Limited sales at Rs. 9717.48 Lakh; PAT grows to Rs.425.01 lakh. Profit after tax was up to Rs. 425.01 lakh in the same quarter as compared to Rs.

  • Cleartrip.com now accepts debit cards & International cards

    24th January, 2008 17:09

    Cleartrip.com released a major upgrade to their payment systems. Customers can now book airline tickets and hotel rooms using their debit card or credit cards issu

  • Shriram EPC IPO opens on Jan 29, price band at Rs 290-330

    24th January, 2008 16:53

    Shriram EPC Limited IPO opens on January 29, 2008. Price Band fixed between Rs 290 and Rs 330 per Equity Share

  • Sunrise Communications deploys Amdocs to transform its OSS

    24th January, 2008 16:44

    Amdocs, the leading provider of customer experience systems™, announced that Sunrise Communications AG, the second-largest telecommunications operator in Switzerl

  • Mkts to remain volatile but trade upwards: Experts 

    24th January, 2008 16:39

    It was an extremely volatile session for markets. They closed deep in the red, after getting off to a robust start. Speaking to CNBC-TV18, Amitabh Chakraborty of R

  • Gemini Comm order likely to go up by Rs 10 cr

    24th January, 2008 16:37

    Gemini Communications announced its December quarter result. The full year order backlog is likely to increase by another 10 crore.

  • Buy Sterlite Industries around Rs 700: Bose 

    24th January, 2008 16:35

    Technical Analyst, Rajat K Bose is of the view that one can buy Sterlite Industries around Rs 700 and it might provide a good bounce. In the short term trend, defi

  • SRK, Mukesh Ambani, Mallya bag IPL team franchisees  

    24th January, 2008 16:34

    The franchisees for the Indian Premier League teams have been announced at BCCI's Mumbai headquarters. They include some surprise winners like Preity Zinta and Sha

  • ENIL Q3 net profit at Rs 8.5cr

    24th January, 2008 16:29

    Entertainment Network India announced its Q3 FY08 result. The company held a conference call to discuss thesameand its future guidance.

  • Shriram transport Fin Q3 NPA at 1.01%

    24th January, 2008 16:27

    Shriram Transport Finance Q3 FY08 PAT was up by 95% from 54crore to 107 crore QoQ basis. There was an total disbursment of 3054crore during the quater. 2200crore w

  • MHRIL bags Avaya GlobalConnect Award

    24th January, 2008 16:25

    Mahindra Holidays & Resorts India Limited (MHRIL) a leisure hospitality provider offering quality family holidays and a wholly owned subsidiary of Mahindra & Mahin

  • Cipla Q3 net profit at Rs 210.65cr

    24th January, 2008 16:19

    Cipla announced its Q3 result. Its Q3 net profit was at Rs 210.65 crore. Its net sales during the same quarter was at Rs 1104 cr.

  • CBDT-Vodafone set for epic corp tax battle 

    24th January, 2008 16:19

    January 28th is D-Day for both Vodafone and the Income Tax Department - when the Bombay High Court could rule whether Vodafone should be taxed USD 2 billion on the

  • Reliance Capital's net profit of Rs 135cr, increase of 86%

    24th January, 2008 16:14

    Reliance Capital reports Net Profit o Rs135 cores (US$ 34 million) for the quarter – An increase of 86%. Reliance Capital reports Total Income of Rs 376 crores

  • Grameen Capital to enable MFIs to develop access to cap mkt

    24th January, 2008 16:10

    Grameen Capital is collaboration between Grameen Foundation, IFMR Trust and Citicorp Finance India Limited, to enable Microfinance Institutions (MFIs) to develop w

  • Jain Irrigation declares PAT at Rs 44.9cr

    24th January, 2008 15:58

    Jain Irrigation declares PAT at Rs.44.9 crores. The sales at Rs 411.7 Crores (Rs.4.117 bn) have exhibited a growth of about 36% as compared to the last year Q3 sa

  • Mkts end off the highs of the day 

    24th January, 2008 15:57

    Around that 5,030-mark is where we will wind down for the day- that’s a good 320 off the highs of the day. That’s the significant bit. The Sensex will wind down ab

  • GMR Infra Q3 cons net up at Rs 64.07 cr

    24th January, 2008 15:49

    GMR Infra has declared its third quarter results. Its Q3 consolidated net profit stood at Rs 64.07 crore versus Rs 53.26 crore, YoY.

  • Inclusive gwth, infrastructure dvlpmt important: Kamal Nath

    24th January, 2008 15:44

    Mr Kamal Nath, Minister of Commerce and Industry reaffirmed that inclusive growth would be important for india to continue on the growth path. Speaking at the brea

  • Review: Bombay To Bangkok, Nagesh's worst

    24th January, 2008 15:39

    For every one of us who’s come to expect original and sensible entertainment from Nagesh Kukunoor, his latest film, Bombay To Bangkok will prove to be a disappoint

  • Infrasoft Tech wins ET Avaya GlobalConnect Award

    24th January, 2008 15:31

    InfrasoftTech wins the prestigious ET Avaya GlobalConnect Award 2008. This award is first of its kind in India; first of its kind globally; to recognize organizati

  • Accumulate Rolta India; tgt 600: Khandwala Sec

    24th January, 2008 15:27

    Khandwala Securities has recommended accumulate rating on Rolta India with price target of Rs 600 in its report dated January 24, 2008. Research firm believes the

  • Ashoka Buildcon Ltd files DRHP with SEBI

    24th January, 2008 15:16

    Ashoka Buildcon Limited files DRHP with the SEBI. The Issue comprises a Net Issue of 7,938,000 Equity Shares to the Public and a reservation of 162,000 Equity Shar

  • Alembic Q3FY08 sales at Rs 265cr up 39%

    24th January, 2008 15:12

    Alembic Limited reported a net profit of Rs 42 crore for the quarter ended December 31, 2007, a jump of 67% as against Rs 25 crore posted in the same period of las

  • Sonata Soft cons total income up by 24% to Rs 365.47cr

    24th January, 2008 15:04

    Sonata's nine-month revenue crosses Rs 1000cr. The Company crossed the Rs.1000 crore milestone in Total Income with the nine month consolidated Total Income at Rs.

  • Good time to bargain hunt for quality midcaps 

    24th January, 2008 15:02

    A huge amount of unwinding of the remaining positions would have happened. The pain in the midcap side of the market and the liquid midcap end is telling that peop

  • Buy Everest Kanto; target of Rs 437: Citigroup

    24th January, 2008 14:56

    Citigroup Research is bullish on Everest Kanto Cylinder and has recommended buy rating on the stock with a target of Rs 437.

  • Quantum Mutual Fund launches Gold Fund

    24th January, 2008 14:43

    Quantum Mutual Fund launches Quantum Gold Fund an open ended Exchange Traded Fund, which is proposed to be listed on the National Stock Exchange of India (NSE), cl

  • Marico's PAT at Rs 46cr

    24th January, 2008 14:35

    Marico's PAT at Rs 46cr. At Rs 506 crore the turnover during the quarter recorded a growth of 24% over the corresponding quarter in the previous year - the seventh

  • Volatile session for mkts: Midcaps, smallcaps hammered

    24th January, 2008 14:30

    What a volatile session this been; it started one side its turned out on the other side completely and now we are somewhere closer to the lows of the day 5,050, d

  • BILT H1FY08 PAT increase 12.71% to Rs 1357.20mn

    24th January, 2008 14:23

    BILT H1 FY 2008 PAT increase 12.71% to Rs. 1357.20 million. BILT H1 FY 2008 PBT increase 11.30% to Rs. 1736.40 million. BILT H1 FY 2008 Revenues at Rs 12285.20 mil

  • See continued volatility in short-term: Lotus India AMC  

    24th January, 2008 14:18

    Speaking to CNBC-TV18, Tridib Pathak, CIO of Lotus India AMC said that volatility is here to stay in the short-term. He added that it will be largely triggered by

  • PNB Q3 net up 25.85% at Rs 541 cr

    24th January, 2008 14:18

    Punjab National Bank, PNB has come out with Q3FY08 numbers. It has posted 25.85% growth in its third quarter net profit of Rs 429.87 crore as against Rs 541 crore

  • eBay Inc posts $7.67 bn in revenue

    24th January, 2008 14:10

    For the full year, eBay Inc. posted $7.67 billion in revenue, net income on a GAAP basis of $348 million or $0.25 per diluted share, and non-GAAP net i

  • Bongaigaon Refineries maintain its march ahead

    24th January, 2008 14:08

    At 2:01 pm, Bongaigaon Refineries and Petrochemicals was quoting at Rs 63.65, up Rs 4.30, or 7.25%. It has touched an intraday high of Rs 70 and an intraday low of

  • Once MF top picks, now value buys 

    24th January, 2008 13:38

    CNBC-TV18 researches which stocks now represent value, post the correction and mild recovery. On evaluation are top picks from mutual funds and private equity play

  • Realty to see value buying soon 

    24th January, 2008 13:34

    We have taken a gamut of 15-17 real estate companies both previously listed and those that have listed over the last couple years, a CNBC-TV18 analyst. At this poi

  • Ispat sheds about 41 lakh shares in OI 

    24th January, 2008 13:27

    The turnover has peaked up to Rs 21802 crore on account of the increase in volatility in the last half an hour to an hour or so. Ispat Industries has seen the bigg

  • Buy Sesa Goa, target Rs 3989 : ICICI Securities

    24th January, 2008 13:21

    ICICI Securities has maintianed buy rating on Sesa Goa with target price of Rs 3989. The company is well positioned to ride the current boom in the iron-ore market

  • Buy L&T; target of Rs 4561: Citigroup

    24th January, 2008 13:16

    Citigroup Research has upgraded L&T and has recommended buy rating on the stock with a target of Rs 4561. With 40%+ earnings CAGR over FY07-FY10E and the spawning

  • Buy Bharti Airtel, target Rs 1198: CLSA

    24th January, 2008 13:13

    CLSA research has maintained buy rating on Bharti Airtel with target price of Rs 1198. Bharti remains our top pick in India’s mobile sector with accelerating subsc

  • Redington Q3 cons net profit at Rs 29.83 cr

    24th January, 2008 13:12

    Redington has announced its third quarter numbers. It has posted consolidated net profit of Rs 29.83 crore and net sales of Rs 2,596.67 crore.

  • Central Bank concentrating on improving recoveries

    24th January, 2008 13:08

    Speaking to CNBC-TV18, HA Daruwala, Chairperson & MD, Central Bank said net profit is at Rs 201 crore. He added that NII growth is sluggish due to high cost of dep

  • ENIL Q3FY08 revenues rises by 46%

    24th January, 2008 13:01

    Entertainment Network's revenues grew strongly by 46.3% to Rs. 68.4 crores. The Company’s earnings before interest, tax, depreciation and amortization (EBITDA) and

  • Varun Shipping to add 2-4 vessels in FY08 

    24th January, 2008 12:58

    Varun Shipping has reported a net profit at Rs 73.7 crore in Q3 FY08 as compared to Rs 39.6 crore YoY.

  • RBI Reference Rate for US $ & Euro

    24th January, 2008 12:53

    The RBI’s Reference Rate for the US dollar is Rs 39.56 and the Reference Rate for Euro is Rs 57.89 on January 23, 2008.

  • Morgan Stanley over weight on RPL, tgt Rs 204

    24th January, 2008 12:50

    Morgan Stanley has maintiaend overweight rating on Reliance Petroleum with target price of Rs 204. First, RPL’s share price is down over 50% from its peak levels a

  • Liquidity Adjustment Facility: Auction results

    24th January, 2008 12:44

    Liquidity Adjustment Facility: Auction results

  • Buy ONGC; target of Rs 1625: Khandwala Sec

    24th January, 2008 12:38

    Khandwala Securities has maintaned buy rating on ONGC with a price target of Rs 1,625 for 12 months.

  • DWS Alpha Equity Fund declares 40% dividend

    24th January, 2008 12:35

    DWS Alpha Equity Fund has declared a dividend of 40% under the dividend option of DWS Alpha Equity Fund for which the record date has been fixed as January 25, 200

  • 182 day Treasury Bills: Auctions results

    24th January, 2008 12:29

    182 day Treasury Bills : Auctions results

  • 91 day Treasury Bills: Auctions results

    24th January, 2008 12:23

    91 day Treasury Bills : Auctions results

  • Buy ONGC; target of Rs 1350: IndiaInfoline

    24th January, 2008 12:20

    IndiaInfoline research is bullish on Oil & Natural Gas Corporation and has recommended buy rating on the stock with a target price of Rs 1350.

  • UTI Infrastructure Advantage Fund debuts at Rs 9.56

    24th January, 2008 12:12

    UTI Infrastructure Advantage Fund - Series I has debuted at Rs 9.56 per unit as against a face value of Rs 10 per unit.

  • Regulatory Framework for Mortgage Guarantee Company

    24th January, 2008 12:07

    Regulatory Framework for Mortgage Guarantee Company (MGC)

  • Hero Honda gains further ground

    24th January, 2008 11:58

    At 11:51 am, Hero Honda Motors was quoting at Rs 638.75, up Rs 33.55, or 5.54%. It has touched an intraday high of Rs 645 and an intraday low of Rs 610. It was tra

  • Equity placement to GS, Lehman will augur well: ENIL 

    24th January, 2008 11:54

    Speaking to CNBC-TV18, AP Parigi,MD, ENIL said that all their properties are set to break even in Bombay and shortly in Delhi too. According to Parigi, the fact th

  • Hold Reliance Petroleum: Srivastava 

    24th January, 2008 11:50

    Ajay Srivastava, Dimensions Consulting is of the view that one can hold Reliance Petroleum. One can add position from a two-year perspective.

  • Sterlite Ind top losers on the Nifty

    24th January, 2008 11:48

    Sterlite Industries is top losers on the Nifty. At 11:46 am, the share was quoting at Rs 761.90, down Rs 43.2, or 5.37%. It has touched an intraday high of Rs 810

  • NTPC can touch Rs 250: Gujral 

    24th January, 2008 11:38

    Technical Analyst, Ashwani Gujral is of the view that NTPC can touch Rs 250. It is the best of the power lot. It has strong support at Rs 180-185.

  • Emaar MGF to float REIT in 2 years

    24th January, 2008 11:33

    Exuding confidence that the company’s long-term growth prospects will prompt a strong investor response for its Rs 7,000-crore upcoming public issue, real estate c

  • Pyramid close to buying Aurona; stk down

    24th January, 2008 11:29

    At 11:21 am, Pyramid Saimira Theatre was quoting at Rs 327, down Rs 4.05, or 1.22%. It has touched an intraday high of Rs 354.95 and an intraday low of Rs 327. The

  • Hindustan Unilever among major gainers

    24th January, 2008 11:18

    Hindustan Unilever is among major gainers on the Sensex. At 11:11 am, the share was quoting at Rs 201, up Rs 11.45, or 6.04%. It has touched an intraday high of Rs

  • Mkts may not retest lows of 15,700: Morgan Stanley  

    24th January, 2008 11:00

    Speaking to CNBC-TV18, Narayan Ramachandran of Morgan Stanley Investment Managers said markets are currently in for a period of lull after the storm. According to

  • MCX crude Feb opens higher by Rs 17 

    24th January, 2008 10:51

    On MCX, crude prices have seen some gains as well, it closed with a loss of Rs 62 yesterday but today opened with a gain of Rs 17 on MCX February contract. Market

  • ICICI Bk, PNB, BOI top picks: Macquarie Research 

    24th January, 2008 10:45

    Seshadri Sen, who tracks the financial sector at Macquarie Research, said his top picks now would be ICICI Bank, Punjab National Bank, HDFC Bank, Axis Bank and Ban

  • Eye infra, FMCG; avoid realty, power: Baer Cap

    24th January, 2008 10:42

    Alok Sama, President & Founder of Baer Capital said that the volatility is driven by news flow, which was expected. He is cautious on global markets including Indi

  • Knowledge Can Make You Richer!

    24th January, 2008 10:34

    If you want to create wealth the first investment you need to make is in knowledge.

  • Tata Power surges 5.7%

    24th January, 2008 10:29

    At 10:21 am, Tata Power was quoting at Rs 1,304.95, up Rs 71.05, or 5.76%. It was trading with volumes of 23,380 shares. Yesterday the share closed up 13.76% or Rs

  • Bongaigaon Ref up 15.6% on good results

    24th January, 2008 10:00

    At 10:04 am, Bongaigaon Refineries and Petrochemicals was quoting at Rs 66.50, up Rs 9, or 15.65% on the NSE. The company's net profit was up at Rs 84.90 crore ver

  • RNRL,RPL,TTML shed around 80 lakh shares in OI 

    24th January, 2008 09:45

    The NSE F&O open interest was up about 1,000 crore in value terms at Rs 90,000 cr. That was purely because prices went up in some stocks about to 30-40%. But in ab

  • Nifty may head back to 4900 levels: Ashwani Gujral 

    24th January, 2008 09:41

    Speaking to CNBC-TV18, technical analyst Ashwani Gujral said that the Nifty could go up by another 150-200 points. He added that what the market needs is a time co

  • Edelweiss still expensive at Rs 1100 

    24th January, 2008 09:38

    The brokerages were ridiculously overvalued and they had to come off. They have taken it on the chin because the overvalued sectors have fallen the most in this ma

  • Banking sector looks safest now: Dimensions Cons 

    24th January, 2008 09:37

    Speaking to CNBC-TV18, Ajay Srivastava of Dimensions Consulting said that it’s not only fundamental factors that cause volatility in the markets, but technical fac

  • OnMobile Global IPO opens for subscription

    24th January, 2008 09:35

    OnMobile Global, a leading provider of telecommunications value added software products and services in India with an expanding international presence, is opened f

  • Brokers bullish on Grasim, Tech Mahindra, RPL

    24th January, 2008 09:30

    Brokerage houses are bullish on Grasim, Tech Mahindra, Reliance Petroleum, Maruti Suzuki, Bharti Airtel, Sesa Goa, L&T, Everest Kanto, Satyam and Punj Lloyd.

  • Market may continue to rally

    24th January, 2008 09:25

    European markets declined sharply last night, while the US indices rallied strongly after a weak start. Asian markets are also strong this morning, and the global

  • Mkts still volatile; stay cautious 

    24th January, 2008 09:11

    The US pull back is good for Indian markets. It's not the time to get carried away, though. The markets are still settling down. I think one should trade with a lo

  • Rupee opens at Rs 39.51 per dollar

    24th January, 2008 08:59

    The India rupee opened at Rs 39.51-39.52 per dollar versus Rs 39.57 yesterday.

  • Buy MCX February on dips to Rs 11114

    24th January, 2008 08:49

    For gold, one could buy MCX February on dips to Rs 11,114 per 10 gram says Kumar.

  • Markets not out of woods yet: Asia Pacific AMC 

    24th January, 2008 08:47

    James Chirnside, CIO, Asia Pacific Asset Management told CNBC-TV18 that the markets have become terribly disjointed. He further adds, “ We are not out of the wood

  • Nifty likely to witness range of 5475-4935

    24th January, 2008 08:44

    The coming session is likely to witness an intraday range of 5475 on advances and 4935 on declines. Traders may note that the 4900 threshold is a critical Fibonacc

  • Exports may touch $150m this fiscal: Comm Secy 

    24th January, 2008 08:42

    The Commerce Secretary said exports are likely to touch USD 150 m billion this fiscal, reports CNBC-TV18. He added that there is still concern on labour intensive

  • Money calls: Prabhu, Thanawala

    24th January, 2008 08:38

    The 10-year yield is seen between 7.39-7.40% with the near-term trend showing a downward bias. The liquidity situtation is expected to improve, says Prabhu.

  • Fund Action witnessed in stocks on 23th January

    24th January, 2008 08:35

    On January 23, fund action was witnessed in Bajaj Hindusthan, Development Credit Bank, Usher Agro, Aptech, Lupin, Ahmednagar Forgings, Gangotri Textiles, Prakash I

  • Satyam lists its ADS on Euronext

    24th January, 2008 08:31

    Satyam Computer Services Ltd became the first Indian company to list its American Depository Shares (ADS) on Euronext in Amsterdam, reports Business Line. The shar

  • Deccan-Kingfisher merged entity to raise $250 m for capex

    24th January, 2008 08:22

    The merged entity of Deccan Aviation and Kingfisher Airlines plans to raise funds of upwards of $250 million through equity for its capex needs, reports Busine

  • Rajesh Exports in NSE F&O curb

    24th January, 2008 08:16

    Rajesh Exports is still in NSE F&O curb.

  • Asian markets end higher; Nikkei up 263 points

    24th January, 2008 08:10

    Asian markets ended higher. Japan's Nikkei rose 2.06% or 263.72 points at 13,092.78. Singapore's Straits Times gained 2.23% or 66.47 points at 3,050.09. Taiwan's T

  • Market cues: FIIs net buy $559.3 mn

    24th January, 2008 08:01

    Market cues: FIIs net buy USD 559.3 million in equity. MFs net buy Rs 1,175.8 cr in equity.

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