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Moneycontrol News Archive : 22 July, 2008

  • How does India Inc view the trust vote? 

    22nd July, 2008 23:37

    Arun Bharat Ram, Chairman, SRF Former President, CII hopes that as the burden of the Left has been removed from the government, it is going to take quick measures

  • Vallabh Bhansali and other experts expect mkt to rally  

    22nd July, 2008 23:12

    Experts like PN Vijay, Vallabh Bhansali, Dhiraj Agarwal, Surjit Bhalla and Shankar Sharma expect the markets to rally. Portfolio Manager PN Vijay said there is a l

  • Will need to see if SP supports reforms: Mahesh Rangarajan 

    22nd July, 2008 22:08

    Political Analyst Mahesh Rangarajan said the government is now on a stable wicket and is here to stay. He added that it has to be seen whether with the support of

  • Govt accords 1st priority to inflation, price stability: FM 

    22nd July, 2008 21:49

    Finance Minister P Chidambaram said the investment climate is robust, reports CNBC-TV18. "There was never any problem with investment sentiment." He feels crude pr

  • dishtv announces Shaadi Active in alliance with Shaadi.com

    22nd July, 2008 19:26

    dishtv, India’s No. 1 direct-to-home company and part of the biggest media conglomerate, Zee group, will launch a new interactive service on its platform called “S

  • BHEL order book stands at Rs 95000 cr

    22nd July, 2008 18:52

    BHEL has announced its first quarter results. The company's standalone net profit was up 33% at Rs 384.41 crore versus Rs 288.91 crore, (YoY).

  • Strides Arcolab Q208 revenue up 49% to Rs 269cr

    22nd July, 2008 18:21

    Strides Arcolab Q208 revenue up 49% to Rs 269cr., EBITDA at Rs.55 Cr, up 176%. EBT before exceptional items is Rs.34 crores. PAT at Rs.(-)48 crores affected by res

  • RPL can slip to Rs 140-145: S Agarwal 

    22nd July, 2008 18:14

    Sanjeev Agarwal of Globe Capital Market is of the view that Reliance Petroleum, RPL can slip to Rs 140-145.

  • Four Soft Q1 revenues grow 38% to Rs 651.28mn

    22nd July, 2008 18:11

    Four Soft Q1 revenues grow 38% to Rs. 651.28 million and profits grow to Rs. 277.32 million

  • BAE Systems announces 3-yr prog for Woolf Committee

    22nd July, 2008 17:59

    BAE Systems announces a three-year programme that will fully implement and embed all 23 recommendations of the Woolf Committee Report. After a thorough review of

  • EMCO registers 19% growth in sales, 19% in EBITDA

    22nd July, 2008 17:50

    EMCO registers 19% growth in sales, 19% in EBITDA, Net Sales stands at Rs.183 Crores for Q1 of 2008-09

  • Hindustan Zinc Q1 PAT seen at Rs 882.9 cr

    22nd July, 2008 17:31

    Hindustan Zinc is to announce its Q1FY09 results. According to CNBC-TV18 estimates, the company's sales seen down 6.6% at Rs 1840.5 crore versus Rs 1970 crore.

  • CII Delegation at WTO Mini-Ministerial

    22nd July, 2008 17:20

    A delegation of the CII is in Geneva for the mini-Ministerial meeting of the World Trade Organisation. The delegation which comprises of members including automoti

  • Transformers order book stands at Rs 381 cr

    22nd July, 2008 17:15

    Average realization per product has gone up to Rs 5.7 crore versus Rs 4.7 crore, YoY. Current order book Rs 381 crore; 74% comes under price variation clause

  • BoR Q1 net up to Rs 30.92cr

    22nd July, 2008 17:11

    The Bank of Rajasthan Ltd, has announced net profit of Rs 30.92 crore showing an increase of 2.49% against net profit of Rs. 30.17 crore in the previous correspond

  • NIIT Tech to focus on new service lines, raise utilisation 

    22nd July, 2008 17:09

    Arvind Thakur, CEO, NIIT Tech, said the company expects to enhance utilization and focus on newer service lines. "We are looking at businesses where increase in re

  • Crude above Rs 6,550 on MCX good buy: Anand Rathi Comm 

    22nd July, 2008 16:55

    Kishore Narne,VP, Anand Rathi Commodities sets the near-term target for crude at USD 135 per barrel. He also sees the support for crude at USD 128 per barrel. He

  • LIC Housing enjoys 32% rise in loan application

    22nd July, 2008 16:42

    LIC Housing Finance has come out with first quarter numbers. Its Q1 net profit increased at Rs 104.7 crore from Rs 46.7 crore and total income went up at Rs 622 cr

  • Buy IDFC, target of Rs 208: ULJK Securities

    22nd July, 2008 16:38

    ULJK Securities has recommended a buy rating on Infrastructure Development Finance Company with a target price of Rs 208. Q1FY09 net interest income has shown a st

  • Buy PVR, target of Rs 256: Prabhudas Lilladher

    22nd July, 2008 16:25

    Prabhudas Lilladher has maintained its buy rating on PVR with a revised target price of Rs 256. At the current market price of Rs 175, PVR is trading at 13.5x FY09

  • Global deal environment set to deteriorate into H208:KPMG

    22nd July, 2008 16:10

    Global deal environment set to deteriorate into H2 2008, claims KPMG’s Global M&A Predictor

  • NComputing announces sales rate exceeds 1mn seats annually

    22nd July, 2008 15:56

    NComputing growth accelerates to over a million seats per year. The NComputing solution is based on a simple fact: today’s PCs are so powerful that the vast majori

  • University of CIE announce 2 more CIE centres in Mumbai

    22nd July, 2008 15:47

    Two more Mumbai schools take to University of Cambridge International Examinations (CIE) international curriculum. University of Cambridge International Examinatio

  • Wipro launches Eco-chapters for employees nationwide

    22nd July, 2008 15:39

    Wipro launches Eco-chapters for employees nationwide. The eco-chapters will build awareness through talks and video sessions on a whole range of green subjects e.g

  • Morgan Stanley announces DMA trade in India

    22nd July, 2008 15:32

    Morgan Stanley Electronic Trading executes first Direct Market Access trade in India. The first customer DMA trade was completed on Friday, July 11, 2008.

  • Bharti Airtel continues to slide

    22nd July, 2008 15:18

    At 3:09 pm, Bharti Airtel was quoting at Rs 774, down Rs 24.45, or 3.06%. It has touched an intraday high of Rs 799 and an intraday low of Rs 771.50. It was tradin

  • Wipro among major gainers

    22nd July, 2008 15:10

    Wipro is among major gainers on the Sensex. At 3:01 pm, the share was quoting at Rs 394.20, up Rs 21.55, or 5.78%. It has touched an intraday high of Rs 394.70 and

  • Indraprastha Gas Q1 net profit at Rs 43.7 cr

    22nd July, 2008 15:01

    Indraprastha Gas has announced its first quarter numbers. It has reported standalone net profit of Rs 43.7 crore for first quarter of FY09 as against Rs 38.4 crore

  • Bank of Rajasthan declares result, stock up

    22nd July, 2008 15:00

    At 2:56 pm, Bank of Rajasthan was quoting at Rs 85.30, up Rs 2.05, or 2.46%. It has touched an intraday high of Rs 86.90 and an intraday low of Rs 82.10. It has an

  • Power Grid maintain its march ahead

    22nd July, 2008 14:53

    At 2:43 pm, Power Grid Corporation of India was quoting at Rs 95.65, up Rs 3.70, or 4.02%. It has touched an intraday high of Rs 96.30 and an intraday low of Rs 91

  • BEML has target of Rs 1150: J Shah 

    22nd July, 2008 14:49

    Jigar Shah, Sr VP, HOR at KIM ENG Securities is of the view that BEML has target of Rs 1150. The order book is now Rs 4,000 crore and it’s likely to move upto abou

  • Deccan Chronicle has target of Rs 250: J Shah 

    22nd July, 2008 14:44

    Jigar Shah, Sr VP, HOR at KIM ENG Securities is of the view that Deccan Chronicle has target of Rs 250. The print media business is growing because of new addition

  • CA HOPE School begins educating & caring for children

    22nd July, 2008 14:37

    CA, Inc, one of the world’s largest enterprise IT management software companies, today announced the fifth year of association with the CA Hope School.

  • Emco Q1 net profit up at Rs 10.05 cr

    22nd July, 2008 14:32

    Emco has announced its first quarter results. The company's Q1 net profit was up at Rs 10.05 crore versus Rs 9 crore.

  • Max India up on large volume

    22nd July, 2008 14:28

    At 2:17 pm, Max India was quoting at Rs 180.90, up Rs 10.65, or 6.26%. It has touched an intraday high of Rs 189.50 and an intraday low of Rs 171.10. It was tradin

  • Dhanus Technologies locked at 5% upper circuit

    22nd July, 2008 14:22

    Dhanus Technologies locked at 5% upper circuit At 2:12 pm, the share was quoting at Rs 132.30, up Rs 6.30, or 5%. It has touched an intraday high of Rs 132.30 and

  • SBI MF announces 20% dividend for Magnum COMMA Fund

    22nd July, 2008 14:20

    SBI MF announces 20 % dividend for Magnum COMMA Fund

  • United Spirits to hold margins despite high input prices 

    22nd July, 2008 14:18

    United Spirits has announced its first quarter results. The company's Q1 net profit at Rs 117 crore versus 87.6 crore, Year-on-Year. Ravi Nedungadi, UB Group said

  • Buy Allahabad Bank, target of Rs 130: Emkay Global

    22nd July, 2008 14:16

    Emkay Global Financial Services has maintained its buy rating on Allahabad Bank with a target price of Rs 130. Allahabad Bank reported a net profit of Rs 934 milli

  • ITC among major gainers

    22nd July, 2008 14:12

    ITC is among major gainers on the Sensex. At 2:02 pm, the share was quoting at Rs 186.40, up Rs 7.25, or 4.05%. It has touched an intraday high of Rs 188.90 and an

  • GVK Power forges ahead

    22nd July, 2008 14:08

    At 1:59 pm, GVK Power & Infrastructure was quoting at Rs 32.85, up Rs 1.70, or 5.46%. It has touched an intraday high of Rs 33.40 and an intraday low of Rs 31.10.

  • Lupin to hold R&D cost over next few qtrs 

    22nd July, 2008 14:04

    Kamal K Sharma, MD, Lupin Labs said that his company’s market share in Q1FY9 is in excess of 45%. The company's topline grew 66% in advanced markets to the topline

  • Coromandel Fertilisers can test Rs 200: R Shah

    22nd July, 2008 14:00

    Rajen Shah of Angel Broking is of the view that Coromandel Fertilisers can test Rs 200. When the index was 21,000 the stock was at about Rs 145 levels and today wh

  • Bank of Rajasthan Q1 net profit at Rs 30.9 cr

    22nd July, 2008 13:50

    Bank of Rajasthan has announced its first quarter numbers of FY09. It has reported net profit of Rs 30.9 crore for quarter ended June 2008 as against Rs 30.1 crore

  • Punj Lloyd continues to gain

    22nd July, 2008 13:40

    At 1:31 pm, Punj Lloyd was quoting at Rs 240.90, up Rs 12.55, or 5.50%. It has touched an intraday high of Rs 244.80 and an intraday low of Rs 225.10. It was tradi

  • Lupin Q1 cons net profit at Rs 112 cr

    22nd July, 2008 13:37

    Lupin has declared its first quarter numbers of FY09. Its consolidated net profit of Rs 112 crore for the quarter ended June 2008 as against Rs 55.9 crore in same

  • LifeSize sees strong growth in first half of '08

    22nd July, 2008 13:31

    LifeSize sees strong growth in 1H08; Global Demand for HD Video & Telepresence Accelerating. LifeSize expanded the company’s range of true HD video communications

  • Corporate Voice|Weber Shandwick appoints Nazneen Barodawala

    22nd July, 2008 13:17

    Corporate Voice|Weber Shandwick appoints Nazneen Barodawala as General Manager, Mumbai. Nazneen comes with an experience of over 13 years in the industry. Her earl

  • Ranbaxy wins UK SFO case

    22nd July, 2008 13:00

    Ranbaxy wins UK SFO case. The Court also declined an application by the SFO for permission to appeal to the English Court of Appeal, although the SFO retains a rig

  • Rally could take Sensex to 16k levels: MOST 

    22nd July, 2008 13:00

    Manish Sonthalia of Motilal Oswal Securities said the steam in the markets could take the Sensex to 15,500-16,000. "However, tomorrow will be a crucial day as far

  • ICICI Bank minting money

    22nd July, 2008 12:58

    At 12:49 pm, ICICI Bank was quoting at Rs 671.30, up Rs 27.20, or 4.22%. It has touched an intraday high of Rs 677.80 and an intraday low of Rs 622.30. It was trad

  • Transcend's 300X CF card triumphs in 130-card shootout

    22nd July, 2008 12:56

    Transcend Information, Inc. (Transcend), a worldwide leader in flash memory products, has announced that its new Transcend 300X 16GB is the first CF card in the wo

  • Hanung Toys up on robust bottomline

    22nd July, 2008 12:52

    At 12:41 pm, Hanung Toys and Textiles was quoting at Rs 199.90, up Rs 11.25, or 5.96%. It has touched an intraday high of Rs 199.90 and an intraday low of Rs 191.5

  • Meru Networks ranks no. 1 on new Vendor Matrix report

    22nd July, 2008 12:46

    Meru Networks ranks number one on new ABI Research 802.11n Vendor Matrix report. Wireless LAN vendor outranks rivals based on architecture, product portfolio range

  • Aviva Life Insurance ties-up with McDonald’s

    22nd July, 2008 12:45

    Aviva’s new ‘Tension Chhodo Cricket Khelo’ campaign with Sachin Tendulkar ties up with McDonald’s. TCCK is a unique mass activation campaign conceptualized by Aviv

  • Hanung Toys Q1 net profit at Rs 18.6 cr

    22nd July, 2008 12:40

    Hanung Toys and Textiles has announced its rsults for the quarter ended June 2008 (Q1). The company's net profit was at Rs 18.6 crore versus Rs 9.2 crore.

  • EID Parry June qtr PAT seen at Rs 3.92 cr

    22nd July, 2008 12:33

    Karvy Stock Broking has come out with its earning estimates on sugar sector for the quarter ended June 2008. According to the report, EID Parry revenues are expect

  • ESS enhances ERP soln with Management Dashboard

    22nd July, 2008 12:29

    Eastern Software System has announced the release of major analytical functionality in its eBizFrame ERP called Management Dashboard, which includes excellent grap

  • Banks still represent good value in India: Lotus AMC 

    22nd July, 2008 12:24

    Ajay Bagga, CEO of Lotus Asset Management feels that by another month or so, the politics will become irrelevant; the big issues will be the macro and US situation

  • UTI MNC Fund declares 25% dividend

    22nd July, 2008 12:18

    UTI MNC Fund has announced a dividend of 25%, for which the record date has been fixed as July 28, 2008.

  • Buy Tata Chemicals, target of Rs 350: Asit C. Mehta

    22nd July, 2008 12:15

    Asit C. Mehta has recommended a buy rating on Tata Chemicals with a target price of Rs 350. Tata Chemicals Ltd has reported consolidated EPS of Rs 17.10 for FY08 (

  • Balrampur Chini to post loss of Rs 42.35 cr in Jun qtr

    22nd July, 2008 12:14

    Karvy Stock Broking has come out with its earning estimates on sugar sector for the quarter ended June 2008. According to the report, Balrampur Chini Mills revenue

  • Areva T&D to discuss stock split, stock up 5.7%

    22nd July, 2008 12:10

    At 12 pm, Areva T&D was quoting at Rs 1,611, up Rs 87.90, or 5.77%. It has touched an intraday high of Rs 1,650 and an intraday low of Rs 1,535. The company board

  • Solid gain for Tata Steel

    22nd July, 2008 11:59

    At 11:50 am, Tata Steel was quoting at Rs 628.40, up Rs 29.90, or 5%. It has touched an intraday high of Rs 631.70 and an intraday low of Rs 600. It was trading wi

  • Idea Cellular gushes forth

    22nd July, 2008 11:56

    At 11:46 am, Idea Cellular was quoting at Rs 86, up Rs 2.15, or 2.56%. It has touched an intraday high of Rs 86.30 and an intraday low of Rs 83.55. The company has

  • Nifty to see strong support at 3960 if 4090 breaks: K&A Sec 

    22nd July, 2008 11:46

    Sushil Kedia, CMT-CAIA of K&A Securities feels that the short-term trend would remain up. "If 4,090 breaks, there is a strong support at 3,960 and even if this gov

  • Reliance Comm among major gainers

    22nd July, 2008 11:44

    Reliance Communications is among major gainers on the Sensex. At 11:33 am, the share was quoting at Rs 465, up Rs 18.40, or 4.12%. It has touched an intraday high

  • Tata Capital enters into alliance with Mizuho Corporate Bk

    22nd July, 2008 11:40

    Tata Capital and Mizuho Corporate Bank, Ltd. (MHCB) today concluded a Memorandum of Understanding aimed at fostering business cooperation, enhancing cross-market v

  • Tata Motors gears down

    22nd July, 2008 11:33

    At 11:23 am, Tata Motors was quoting at Rs 404, down Rs 16.05, or 3.82%. It has touched an intraday high of Rs 428 and an intraday low of Rs 404. It was trading wi

  • FM aims to exceed farm loan waiver target 

    22nd July, 2008 11:32

    Finance Minister P Chidambram, during the trust vote debate, said that he plans to exceed the FY09 farm loan waiver target of Rs 2.8 lakh crore. He said that FY09

  • United Spirits shoots up smartly

    22nd July, 2008 11:22

    At 11:12 am, United Spirits was quoting at Rs 1,230, up Rs 181.85, or 17.35%. It has touched an intraday high of Rs 1,251 and an intraday low of Rs 1,054. It was t

  • Avoid Vishal Information Tech IPO: Hem Securities

    22nd July, 2008 11:08

    Vishal Information Technologies' issue has opened for subscription with its initial public offering (IPO) of 27,90,000 equity shares of Rs 10 each. Hem Securities

  • HDFC Bank minting money

    22nd July, 2008 10:58

    At 10:49 am, HDFC Bank was quoting at Rs 1,123, up Rs 40.05, or 3.70%. It has touched an intraday high of Rs 1,126.50 and an intraday low of Rs 1,072. It was tradi

  • Thermax Q1 cons net profit at Rs 58.4 cr

    22nd July, 2008 10:47

    Thermax has declared its consolidated results for the quarter ended June 2008 (Q1). The company's consolidated net profit was at Rs 58.4 crore versus 55.6 crore.

  • Buy Cipla, says A Dalal

    22nd July, 2008 10:44

    Amit Dalal of Amit Nalin Securities is of the view that one can buy Cipla.

  • Enter IDFC: A Dalal 

    22nd July, 2008 10:38

    Amit Dalal of Amit Nalin Securities is of the view that one can enter IDFC at this level because they have a good model for both private equity and now secondary m

  • HEG to consider buyback, stk rises 6%

    22nd July, 2008 10:31

    At 10:22 am, HEG was quoting at Rs 225.90, up Rs 12.75, or 5.98%. The company board meet on July 31 to cinsider buyback, reports CNBC-TV18. It was trading with vol

  • Aban Offshore approves QIB issue upto Rs 1000cr, stk down

    22nd July, 2008 10:27

    At 10:18 am, Aban Offshore was quoting at Rs 2,585, down Rs 73.95, or 2.78%. The company board has approved private placement of cumulative redeemable non-converti

  • Nifty may test 4220: Angel

    22nd July, 2008 10:23

    According to Angel Broking Technical Analysis report, an immediate resistance for the indices is at 13880 / 4170, crossing these levels convincingly it may test 14

  • Zee Ent to consider buyback, stk up

    22nd July, 2008 10:13

    At 10:04 am, Zee Entertainment was quoting at Rs 198, up Rs 4.65, or 2.40%. The company has board meet on July 30 to consider buyback, reports CNBC-TV18. It was tr

  • BHEL top gainer on the Sensex

    22nd July, 2008 10:09

    BHEL is the top gainer on the Sensex. At 10 am, the share was quoting at Rs 1,557, up Rs 50.55, or 3.36%. It was trading with volumes of 21,068 shares. Yesterday t

  • Nifty has support at 4123/4081: Hem

    22nd July, 2008 10:05

    According to Hem Securities Morning Note, Nifty is having resistance at 4193/4232 while Support is at 4123/4081 levels.

  • Maruti Suzuki slips 5.7% on poor results

    22nd July, 2008 10:01

    At 09:56 am, Maruti Suzuki was quoting at Rs 610, down Rs 37.15, or 5.74% on the NSE. Its Q1 net profit was down 6.8% at Rs 465 crore versus Rs 499 crore, CNBC-TV1

  • Tech Mahindra advances nearly 7%

    22nd July, 2008 10:00

    At 10:02 am, Tech Mahindra was quoting at Rs 727.15, up Rs 46.35, or 6.81% on the NSE. It has touched an intraday high of Rs 738.90 and an intraday low of Rs 699.

  • Mkt may see 4600 if 4200 levels are breached: Sukhani 

    22nd July, 2008 09:43

    Sudarshan Sukhani, Technical Analyst feels that the charts suggest 4200 levels on the Nifty and once taken out, 4600 is a reasonable expectation considering the po

  • A-star to be launched by year end: Maruti Suzuki

    22nd July, 2008 09:37

    Maruti Suzuki India has declared its first quarter results. The company's Q1 net profit was down 6.8% at Rs 465 crore versus Rs 499 crore. Its net sales were up 20

  • Airport project on track: HDIL

    22nd July, 2008 09:35

    Housing Development and Infrastructure (HDIL) has announced its first quarter numbers. It has posted net profit of Rs 317.9 crore for quarted ended June 2008 as ag

  • Mkts end near day's high ahead of trust vote decision

    22nd July, 2008 09:10

    Markets ended on a stronger note on hopes that UPA government is likely to win vote of confidence today. This news will be indicative that early election won't be

  • KG Basin: Ambani Bros set to meet in Court again

    22nd July, 2008 09:05

    The Ambani brothers will be meeting yet again in their backyard on Tuesday- the courts. And this time it’s not telecom space or airport hangars, but natural gas, w

  • Rupee opens at Rs 42.71 per dollar

    22nd July, 2008 09:00

    The Indian Rupee opened at Rs 42.71 per dollar versus Rs 42.67 yesterday.

  • BJP abstentions may help UPA to squeeze through 

    22nd July, 2008 08:59

    The UPA would have to depend on abstentions from the opposition ranks to squeeze through. The BJP denies its bailing out and the UPA cracks down on errant MPs. The

  • Siemens Q3 PAT seen at Rs 116 cr

    22nd July, 2008 08:56

    Siemens is to announce its Q3FY08 numbers. According to CNBC-TV18 estimates, the company is expected to report profit after tax of Rs 116 crore for the quarter end

  • Money calls: Munot, Nanivadekar

    22nd July, 2008 08:48

    The bond market is watching out for the outcome of the trust vote. Liquidity is likely to remain tight today. The 10-year yield is seen between 9-9.10%, says Munot

  • Fund Action witnessed in stocks on 21st July

    22nd July, 2008 08:45

    On July 21, fund action was witnessed in Kohinor Foods, Rallis India, GTC Ind, Bihar Tubes, Walchandnagar and Nexxoft Info.

  • Equity calls: Kumar, Thukral

    22nd July, 2008 08:38

    Volatility has increased significantly in market. The Nifty may slip from 4200-4300 levels, says Thukral.

  • Mahindra arm in talks with airlines for supply chain

    22nd July, 2008 08:36

    The Mahindra Group’s wholly owned subsidiary, California-based Bristlecone, which provides supply chain management (SCM) services, is in talks with a few global ai

  • Market cues: FIIs net buy $146.1 mn

    22nd July, 2008 08:34

    Market cues: FIIs net buy $146.1 mn. MFs net sell Rs 129.8 cr in equity on July 18.

  • See classic bear market rally in Asia: Javelin Wealth Mgmt 

    22nd July, 2008 08:32

    Stephan Davis, C-E-O of Javelin Wealth Management believes that we are seeing a classic bear market rally in Asian markets. With a cautious note he adds that one n

  • Indian ADRs: Satyam down 5.2%, Dr Reddy's slips 4.5%

    22nd July, 2008 08:30

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

  • Wall Street ends lower; Dow down 29 points

    22nd July, 2008 08:27

    US stocks closed lower as last week's bank rally ran out of steam ahead of Wachovia's report. Resurgence in oil prices and disappointing cholesterol-drug study fro

  • MF NAVs end with positive returns

    22nd July, 2008 00:31

    Equity diversified NAVs ended higher with positive advance:decline ratio of 189:25 as markets have surged in late trade on the back of buying in banking, pharma, r

  • Mkts likely to see 4-5% gap-up opening  

    22nd July, 2008 23:29

    The UPA government winning the trust vote is good news for the market and almost certainly there will be 4-5% gap up opening tomorrow. Medium-term still depends on

  • Reforms to get a boost now: Montek Singh 

    22nd July, 2008 22:22

    Planning Commission Deputy Chairman Montek Singh Ahluwalia said the government would bring inflation down to comfortable levels soon. The inclusive growth agenda o

  • Govt to wait for findings of cash for votes allegation: PM

    22nd July, 2008 22:04

    Prime Minister Manmohan Singh said the government would wait for findings of the cash for votes allegation and follow the law of the land.

  • Siemens Q1 net profit up at Rs 169.43 cr

    22nd July, 2008 19:44

    Siemens has announced its first quarter results. The company's Q1 standalone net sales were at Rs 1,809.68 crore versus Rs 1,782.27 crore, YoY.

  • NCDEX- Trade details for July 22, 2008

    22nd July, 2008 19:21

    NCDEX, 481 members 1,763 users participated in trading on July 22, 2008 up to 5:00 pm and volumes were Rs 3,275 crore (one-way). There were more than 79,921 trad

  • Is Bush’s statement on India stoking inflation far-fetched? 

    22nd July, 2008 18:38

    George Bush, the President of the United States of America had said that 350 million people in India are classified as Indian middle class. C Raja Mohan, Professor

  • Scrips available in trade for trade

    22nd July, 2008 18:18

    Trade for trade - Deccan Gold, Kirti Finvest, Minaxi Textiles, Vardhman Holdings, William Magor, Kamadgiri Synthetics, Sri Ramakrishna Mills and Precision Electron

  • ACC Q2 PAT seen down 18% at Rs 288 cr

    22nd July, 2008 18:12

    ACC is to announce its Q2CY08 numbers. According to CNBC-TV18 estimates, its profit after tax, PAT is seen down 18% at Rs 288 crore versus Rs 351 crore YoY. Sales

  • Rupee, bonds end lower

    22nd July, 2008 18:09

    Rupee erased gains and ended slightly down as banks preferred to cover short positions amid uncertainties surrounding the government's trust vote in the Lok Sabha.

  • NIIT Tech adds 6 new clients

    22nd July, 2008 17:54

    NIIT Technologies has announced its first quarter numbers. It has reported standalone net profit of Rs 24.4 crore for quarter ended June 2008 as against Rs 54.6 cr

  • Guy Nielsen joins CSC as VP & Chief Marketing Officer

    22nd July, 2008 17:42

    CSC announced that Guy Nielsen has joined the company as Vice President and Chief Marketing Officer. He will report to David Booth, president of Global Sales and M

  • Intex Technologies unveils new ranges of Cabinets & UPS

    22nd July, 2008 17:29

    Intex Technologies (India) Ltd. has launched a new range of Cabinets and UPS with a balanced combination of quality, looks and features. All these models offer not

  • UPA wins trust vote; bribery allegations rock Lok Sabha 

    22nd July, 2008 17:20

    The Manmohan Singh government has won the trust vote. The Government got 275 votes in favour, 256 against and at least 10 abstentions.

  • Axis Bank top pick for investment: S Agarwal 

    22nd July, 2008 17:12

    Sanjeev Agarwal of Globe Capital Market is of the view that Axis Bank is top pick in banks for a long term investment and one can buy it on dips.

  • Experts sees mkts rallying if govt wins trust vote 

    22nd July, 2008 17:09

    Nitin Raheja, CIO, Rada Advisors, expects the markets to rally post the government winning the trust vote. "We might see some sort of rally, which might take the m

  • Hikal appoints Peter Pollak to its Board of Directors

    22nd July, 2008 16:56

    Hikal Ltd., the preferred long-term outsourcing partner for leading global life sciences companies, today announced the appointment of well-known international fin

  • Exit banking stocks on rise: S Agarwal 

    22nd July, 2008 16:54

    Sanjeev Agarwal of Globe Capital Market is of the view that one should exit banking stocks on rise and buy back at lower level.

  • Stocks to watch: Axis Bank, RPL, BEML 

    22nd July, 2008 16:39

    The markets keep trust with the UPA’s ability to sail through tonight's vote. Nifty closed at 4,240 up 81 points, while the Sensex shut shop at 14,104 up 254 point

  • Take Solutions strides ahead in the pharma sector

    22nd July, 2008 16:28

    TAKE Solutions announced that its worldwide business in regulatory document management and electronic submissions software arena is making quick inroads in the Ind

  • Tech Mahindra an outperformer: Prabhudas Lilladher

    22nd July, 2008 16:10

    Prabhudas Lilladher has maintained its outperformer rating on Tech Mahindra with a target price of Rs 850. TechM reported strong numbers (9.3% rev growth QoQ) and

  • NOCIL Q1 net profit at Rs 11.64 cr

    22nd July, 2008 16:00

    NOCIL has declared its results for the quarter ended June 2008 (Q1). The company's net profit was at Rs 11.64 crore.

  • Patni’s SAP ERP:Most Innovative IT Implementation

    22nd July, 2008 15:55

    Patni Computer Systems, leading global IT services provider, announced that its first-of-its-kind SAP ERP implementation for Shri Sant Gajanan Maharaj Sansthan has

  • IDLDPL's latest MP5 Player YES YMP-91 for music souls

    22nd July, 2008 15:40

    India Digital Life Style Distributors Pvt. Ltd., the leading distributor of IT and Life style Products, uncovers to the world of music buffs the first time ever YE

  • Lupin Q1 cons net sales up at Rs 862.3 crore  

    22nd July, 2008 15:33

    Lupin has declared its first quarter numbers of FY09. Its consolidated net profit of Rs 112 crore for the quarter ended June 2008 as against Rs 55.9 crore in same

  • International order book at Rs 4600 cr: Voltas

    22nd July, 2008 15:23

    Voltas has announced its first quarter results. The company's standalone net profit was up at Rs 85.1 crore versus Rs 52.2 crore (YoY).

  • Standard & Poor's voted Best Takaful Rating Agency

    22nd July, 2008 15:14

    Standard & Poor's, a leading provider of financial market intelligence, today announced it has been voted Best Takaful Ratings Agency at the inaugural Internationa

  • RPL refinery at Jamnagar to be completed by Dec'08

    22nd July, 2008 15:07

    The Mukesh Ambani led Reliance Petroleum Limited, or RPL has said that the refinery at Jamnagar will be completed ahead of December 2008. The company has utilized

  • How have the mkts performed around trust vote?

    22nd July, 2008 15:00

    The trust vot was moved by HD Deve Gowda on April 11, 1997, by Atal Bihari Vajpayee on April 17, 1999 and moved by Manmohan Singh on July 22, 2008.

  • Xerox India launches CF printing system Xerox 650/1300

    22nd July, 2008 14:58

    Xerox India today launched its fastest yet continuous feed printing system Xerox 650/1300 which combines speed, ease-of-use and workflow productivity into a powerf

  • Harvard Professor Tarun Khanna to join GVK BIO Board

    22nd July, 2008 14:50

    GVK Biosciences, Asia’s leading Contract Research Organization, announced the appointment of Prof. Tarun Khanna to its Board of Directors.

  • Bharat Electronics advances 4.3%

    22nd July, 2008 14:48

    At 2:39 pm, the share was quoting at Rs 1,070, up Rs 44.20, or 4.31%. It has touched an intraday high of Rs 1,075 and an intraday low of Rs 1,030. It was trading w

  • Jyoti Structures shoots up smartly

    22nd July, 2008 14:40

    At 2:30 pm, Jyoti Structures was quoting at Rs 108.75, up Rs 10, or 10.13%. It has touched an intraday high of Rs 114 and an intraday low of Rs 99.15. It was tradi

  • Coromandel Fertilisers flares up

    22nd July, 2008 14:32

    At 2:23 pm, Coromandel Fertilisers was quoting at Rs 128.55, up Rs 8.45, or 7.04%. It has touched an intraday high of Rs 131 and an intraday low of Rs 116.60. The

  • Ajay Ahluwalia joins Rediffusion | DYR Delhi

    22nd July, 2008 14:29

    Rediffusion | DYR, one of the top ten communications agencies in India, has brought on board Ajay Ahluwalia to head all its consumer touch-point initiatives for Re

  • Coromandel Fert Q1 net profit at Rs 194 cr

    22nd July, 2008 14:22

    Coromandel Fertilisers has announced its first quarter results. The company's Q1 net profit at Rs 194 crore versus Rs 26 crore.

  • IDBI Bank sees slowdown in loan growth in coming qtrs 

    22nd July, 2008 14:21

    IDBI Bank has announced its first quarter numbers of FY09. Its net profit went up by 3.84% to Rs 159 crore from Rs 153.12 crore YoY.RK Bansal, CFO, IDBI said that

  • Bartronics aims to cross Rs 1K cr turnover by 2010 

    22nd July, 2008 14:18

    Sudhir Rao, MD and CEO, Bartronic aims to cross turnover of Rs 1000 crore by 2010. This growth will be associated with higher realisations.

  • Cipla hits 52-week high

    22nd July, 2008 14:17

    Cipla has touched a 52-week high of Rs 234.50. At 2:08 pm the share was quoting at Rs 234, up Rs 7.55, or 3.33%. It was trading with volumes of 572,036 shares. Yes

  • It’s in-the-inventories, stupid

    22nd July, 2008 14:16

    Much of the rise in sales for the previous couple of quarters can be easily attributed to price growth rather than volume growth. That’s beginning to show now and

  • Forget about reforms if govt sails through: Chandan Mitra 

    22nd July, 2008 14:10

    Chandan Mitra, Editor-In-Chief, The Pioneer, said one could forget about reforms during the lifetime of the 14th Lok Sabha. "When it comes to big ticket rescues in

  • Jaiprakash Associates takes dip

    22nd July, 2008 14:04

    At 1:54 pm, Jaiprakash Associates was quoting at Rs 160.40, down Rs 6.15, or 3.69%. It has touched an intraday high of Rs 170 and an intraday low of Rs 159.60. It

  • Accumulate Satyam, target of Rs 483: Emkay Global

    22nd July, 2008 14:02

    Emkay Global Financial Services has maintained its accumulate rating on Satyam Computer Services with a target price of Rs 483. Satyam reported adjusted USD reven

  • ICICI Bank adds 6 lakh shares in open interest 

    22nd July, 2008 13:52

    The volumes are really good, the turnover which is about Rs 42,000 crore versus about Rs 35,000 crore which we saw yesterday.

  • IDBI Bank Q1 net up 3.84% at Rs 159 cr

    22nd July, 2008 13:46

    IDBI Bank has announced its first quarter numbers of FY09. Its net profit went up by 3.84% to Rs 159 crore from Rs 153.12 crore YoY.

  • Century Textiles Q1 net profit at Rs 62.5 cr

    22nd July, 2008 13:40

    Century Textiles has come out with first quarter numbers. It has posted standalone net profit of Rs 62.5 crore for quarter ended June 2008 as against Rs 107.9 cror

  • NIIT Tech Q1 net profit at Rs 24.4 cr

    22nd July, 2008 13:33

    NIIT Technologies has announced its first quarter numbers. It has reported standalone net profit of Rs 24.4 crore for quarter ended June 2008 as against Rs 54.6 cr

  • NComputing program helps NGOs close the digital divide

    22nd July, 2008 13:21

    NComputing, the leading provider of desktop virtualization software and hardware, today announced it is working with non-governmental organizations worldwide to he

  • ICICI Pru Life’s launches Certification Program-PGPMI

    22nd July, 2008 13:10

    ICICI Prudential Life Insurance announced the launch of a unique 6 months Certification Program-PGPMI (PGPMI), a specialized management program focusing on the ins

  • Topline target of Rs 220cr: Bartronics

    22nd July, 2008 13:00

    Bartronics India has announced its first quarter results. The company's Q1 consolidated net profit was at Rs 23.5 crore versus Rs 20.2 crore.

  • Tech Mahindra up on buying interest

    22nd July, 2008 13:00

    At 12:56 pm, Tech Mahindra was quoting at Rs 740.10, up Rs 61, or 8.98%. Tech Mahindra has touched an intra day high of Rs 745.50 and an intra day low of Rs 694. I

  • Buy Chennai Petroleum Corp, tgt Rs 412: India Infoline

    22nd July, 2008 12:57

    India Infoline has maintained its buy rating on Chennai Petroleum Corporation with a target price of Rs 412. Chennai Petroleum Corporation Ltd (CPCL) registered a

  • LIC Housing Fin sees 40% growth in FY09 

    22nd July, 2008 12:53

    R Ramachandran Nair, CFO & Director, LIC Housing Finance informed CNBC-TV18 that the company had registered a growth of 21% in disbursements. He sees a business g

  • BHEL net sales up 33% at Rs 4,329.24 cr 

    22nd July, 2008 12:47

    BHEL has announced its first quarter results. The company's standalone net profit was up 33% at Rs 384.41 crore versus Rs 288.91 crore, (YoY).

  • Angel Broking neutral on Cipla

    22nd July, 2008 12:46

    Angel Broking has maintained its neutral view on Cipla. For 1QFY2009, the company posted Net Sales and Profits of Rs 1,170.6 crore and Rs 140 crore, registering a

  • Maruti net sales up 20.4% at Rs 4730 crore 

    22nd July, 2008 12:41

    Maruti Suzuki India has declared its first quarter results. The company's Q1 net profit was down 6.8% at Rs 465 crore versus Rs 499 crore.

  • Mundra Port gains further ground

    22nd July, 2008 12:40

    At 12:30 pm, Mundra Port and Special Economic Zone was quoting at Rs 515, up Rs 37.95, or 7.96%. It has touched an intraday high of Rs 515.70 and an intraday low o

  • Satyam Computer an outperformer: Prabhudas Lilladher

    22nd July, 2008 12:31

    Prabhudas Lilladher has maintained its outperformer rating on Satyam Computer Services with a target price of Rs 493. Consolidated revenue grew by 8.5% QoQ in rupe

  • ArcelorMittal announce electrical steel investment

    22nd July, 2008 12:28

    ArcelorMittal announces electrical steel investment in Southern France. The addition of a new 180,000 tonnes continuous annealing line will take Saint Chély d’Apch

  • Ranbaxy surges on winning UK's serious fraud office case

    22nd July, 2008 12:19

    At 12:10 pm, Ranbaxy Laboratories was quoting at Rs 477.50, up Rs 19.30, or 4.21%. It has touched an intraday high of Rs 481.85 and an intraday low of Rs 447.90. T

  • Ranbaxy wins UK's serious fraud office case

    22nd July, 2008 12:18

    Ranbaxy has won UK's serious fraud office (SFO) case. Earlier, the UK's SFO had sued Ranbaxy for anti-competitive conduct. The Indian pharma major had alleged that

  • YASH Tech inaugurates development facility in Bangalore

    22nd July, 2008 12:14

    YASH Technologies Inc., Illinois (US) based global leader in enterprise business and technology solutions, today inaugurated its new development facility in Bangal

  • IBM opens Service Management Center of Excellence in India

    22nd July, 2008 12:12

    IBM opens Service Management Center of Excellence in India. The Center has been designed to develop specialized focus and skills in high value areas such as teleco

  • Bajaj Hindusthan to post loss of Rs 87 cr in June qtr

    22nd July, 2008 12:07

    Karvy Stock Broking has come out with its earning estimates on sugar sector for the quarter ended June 2008. According to the report, Bajaj Hindustan revenues are

  • Buy Unichem Laboratories, target of Rs 225: Karvy

    22nd July, 2008 11:59

    Karvy Stock Broking has maintained its buy rating on Unichem Laboratories with a target price of Rs 225. The company's net revenues for the quarter were up by 18.3

  • Buy Shree Cements, target of Rs 683: Karvy

    22nd July, 2008 11:50

    Karvy Stock Broking has recommended a buy rating on Shree Cements with a target price of Rs 683. Shree Cements Ltd (SCL)'s Q1FY09 result is broadly in line with re

  • Era Infra bags contract from NATRIP valued at Rs 30.98cr

    22nd July, 2008 11:44

    Era Infra Engineering Ltd. through their construction & contracts division has bagged a contract from National Automotive Testing and R & D Infrastructure Project

  • Buy Satyam Computer Services, tgt Rs 490 : Karvy

    22nd July, 2008 11:43

    Karvy Stock Broking has upgraded its rating on Satyam Computer Services to buy from outperformer with a target price of Rs 490. Satyam for Q2FY09 reported a sequen

  • Reliance Infra marches ahead

    22nd July, 2008 11:37

    At 11:28 am, Reliance Infrastructure was quoting at Rs 910.70, up Rs 50.20, or 5.83%. It has touched an intraday high of Rs 918 and an intraday low of Rs 850. It w

  • SBI Magnum Comma Fund announces 20% dividend

    22nd July, 2008 11:33

    SBI Magnum Comma Fund has announced a dividend of 20%, for which the record date has been fixed as July 25, 2008.

  • Tata Elxsi Q1 cons net sales at Rs 97.4 cr

    22nd July, 2008 11:30

    Tata Elxsi has anounced its first quarter results. The company's Q1 consolidated net sales were at Rs 97.4 crore.

  • UCO Bank gains 4.6%

    22nd July, 2008 11:10

    At 11:01 am, UCO Bank was quoting at Rs 31.55, up Rs 1.40, or 4.64%. The company may make pref allotment to institutions for raising Rs 325 crore, reports The Econ

  • Brokers bullish on PFC, BHEL, Aban

    22nd July, 2008 11:07

    Brokerage houses are bullish on PFC, BHEL, Nalco, Aban and SAIL.

  • Sukhani upbeat on Cairn India

    22nd July, 2008 10:54

    Technical Analyst, Sudarshan Sukhani is upbeat on Cairn India. If and when crude starts it’s rally again and it will also go up in the same proportion. So it is a

  • Madras Fert Q1 net loss at Rs 30 cr

    22nd July, 2008 10:46

    Madras Fertilizers has announced its rsults for the quarter ended June 2008 (Q1). The company incurred a net loss of Rs 30 crore versus loss of Rs 58 crore.

  • Tata Coffee Q1 net profit at Rs 3.9 cr

    22nd July, 2008 10:41

    Tata Coffee has announced its results for the quarter ended June 2008 (Q1). The company's Q1 net profit was at Rs 3.9 crore versus Rs 2 crore.

  • Cracks in NDA to boost UPA prospects: Mahesh Rangarajan 

    22nd July, 2008 10:36

    Mahesh Rangarajan, Political Analyst feels that the UPA has an advantage due to cracks in NDA. SP's (Samajwadi Party) floor management skills may help in narrow ma

  • Nifty has resistance at 4218: India Capital Markets

    22nd July, 2008 10:30

    According to India Capital Markets Technical Analysis report, Nifty has a support at 4133 & 4098 and faces resistance at 4189 & 4218.

  • SAIL top gainer on the Nifty

    22nd July, 2008 10:24

    SAIL is the top gainer on the Nifty. At 10:20 am, the share was quoting at Rs 132.20, up Rs 7.20, or 5.76%. It was trading with volumes of 3,110,600 shares. Yester

  • Indian GDRs: Satyam down 5.2%, Mahindra up 4%

    22nd July, 2008 10:19

    Indian GDRs: Satyam, Dr Reddy's, Infosys, Grasim and L&T plunged, while Mahindra, SBI, Ranbaxy and Sterlite gained.

  • Century Enka Q1 net profit at Rs 4.81 cr

    22nd July, 2008 10:12

    Century Enka has announced its results for the quarter ended June 2008 (Q1). The company's net profit was at Rs 4.81 crore versus Rs 3.20 crore.

  • Peninsula Land Q1 net profit at Rs 31.24 cr

    22nd July, 2008 10:08

    Peninsula Land has declared its results for the quarter ended June 2008 (Q1). The company's net profit was at Rs 31.24 crore versus RS 33.5 crore.

  • Nifty may rally upto 4160: Angel

    22nd July, 2008 10:02

    According to Angel Broking Market Outlook report, if Nifty trades below 4043 for the first half-an-hour of trade then it may correct upto 3976–3859.

  • Dr Reddys Lab in poor health

    22nd July, 2008 10:00

    At 10 am, Dr Reddys Laboratories was quoting at Rs 647, down Rs 30.8, or 4.54% on the NSE. It has touched an intraday high of Rs 668.90 and an intraday low of Rs 6

  • Market direction post trust vote

    22nd July, 2008 09:47

    The D-day for UPA Govt has arrived. By now, it looks like the Govt. will scrape through and the market has largely factored that in. Nifty has rallied almost 9% in

  • US markets end with moderate loss 

    22nd July, 2008 09:41

    Oil prices climbed higher in an early rally in financial stocks wilted mid-day. By the closure Dow was down 29 poitns, the Nasdaq closed lower by 3.25 points.

  • Expect a dull trading day today: Amit Nalin Secs  

    22nd July, 2008 09:37

    Amit Dalal of Amit Nalin Securities feels that if the UPA government stays, the markets will continue to rally, provide oil prices remain favourable. He expects a

  • Support for the Nifty at 4100: Gaba

    22nd July, 2008 09:19

    The crucial support for the Nifty is at 4100 and the resistance to the up move is at target is at 4200-4300-44

  • Expect some gains: Mohoni

    22nd July, 2008 09:07

    European markets improved further with moderate gains, while the US indices declined marginally. Asian markets are mixed this morning, with the Nikkei up and the H

  • Mkts may look green in near-term 

    22nd July, 2008 09:02

    Today is the fourth day following the rally in the markets and hope this rally will continue for tomorrow also. The big cue today is undoubtedly politics and the m

  • Post-trust vote: How will India Inc react? 

    22nd July, 2008 09:00

    It is the final 24-hour countdown to the confidence vote, which will decide the fate of the UPA government. Adi Godrej, Chairman, Godrej Industries said that if th

  • Buy MCX August Gold at Rs 13190

    22nd July, 2008 08:58

    For gold, buy MCX August at Rs 13,190 per 10 grams with a target of Rs 13,380 per 10 grams, says Vakil.

  • Stocks in news: Siemens, Aban Off, Zee Ent

    22nd July, 2008 08:52

    Stocks in news: Siemens has results today. Aban Offshore board has approved private placement of cumulative redeemable non-convertible preference shares. Zee Enter

  • Nifty likely to witness range of 4230-4025

    22nd July, 2008 08:47

    The coming session is likely to witness a range of 4230 on advances and 4025 on declines. The bullish pivot for the session will be the 4130 above which the spot N

  • HDIL to rehabilitate Mumbai slum dwellers

    22nd July, 2008 08:42

    Mumbai-based developer Housing Development and Infrastructure Ltd (HDIL) will rehabilitate and resettle 20,000 slum-dweller families of the 85,000 occupying the Mu

  • F&O cues: Futures Open Interest up by Rs 389 cr

    22nd July, 2008 08:36

    F&O cues: Nifty Futures shed 5 lakh shares in Open Interest, at 6-pt premium. Futures Open Interest up by Rs 389 cr and Options Open Interest up by Rs 1,033 cr.

  • Satyam looks to ride growth wave in Asia, Australia

    22nd July, 2008 08:34

    Satyam Computer Services intends to decrease the US component of revenues by riding on the growth momentum in geographies such as India, West Asia and Australia.

  • Crude steady at $131/bbl

    22nd July, 2008 08:33

    Crude prices were steady around USD 131 dollar levels on threats of new sanctions against Iran. Tropical storm dolly heading into the Gulf of Mexico also supported

  • Q1 cement despatches rise

    22nd July, 2008 08:31

    Despite cement despatches of frontline companies improving in the first quarter of 2008-09, steep rise in input cost is expected to exert pressure on the bottomlin

  • Tata Comm bets big on enterprise biz

    22nd July, 2008 08:28

    Tata Communications, the rechristened VSNL, expects to more than double the contribution of its enterprise business as a percentage of company revenues by 2011.

  • Asian markets end lower

    22nd July, 2008 08:20

    Asian markets ended lower. China's Shanghai Composite slipped 0.53% or 15.30 points at 2,846.11. Taiwan's Taiwan Weighted was down 0.28% or 20.02 points at 7,065.6

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