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Moneycontrol News Archive : 19 June, 2008

  • Niraj Cement Structurals sees FY09 PAT at Rs 20cr 

    19th June, 2008 23:36

    VK Chopra, Chairman & MD, Niraj Cement Structurals sees his company's FY09 PAT (Profit after Tax) at Rs 20 crore. The company's orders on hand are at Rs 660 crore,

  • Sebi board to clear currency futures at June 20 meet: Srcs

    19th June, 2008 20:31

    The Securities and Exchange Board of India, or Sebi, is likely to convene in Mumbai on June 20, reports CNBC-TV18. The board is likely to clear proposal for curren

  • RIL Jan '06 pact dispute: R-Comm to file charges today  

    19th June, 2008 20:22

    Reliance Communications is all set to file criminal charges against three Reliance Industries, or RIL, officials involved in signing the January 12, 2006 agreement

  • NCDEX – Trade Details for June 19, 2008

    19th June, 2008 20:05

    NCDEX, 480 members (1,785 users) participated in trading on June 19, 2008 up to 5:00 pm and volumes were Rs 1,780 crore (one-way). There were more than 48,266 tr

  • Niraj Cement Structurals closes steady at Rs 190

    19th June, 2008 19:48

    Niraj Cement Structurals Limited has closed steady at Rs 190.15 against the issue price of Rs 190 on the day of listing today with a mammoth volume of over 1.77 c

  • Bartronics India signs agreement with LG Electronics

    19th June, 2008 19:19

    Bartronics India Limited recently signed an agreement with LG Electronics, USA to enable it to deploy LG’s IRIS recognition product - LG IrisAccess as part of its

  • NCR unveils next-generation self-service Kiosk for hotels

    19th June, 2008 18:57

    NCR unveils next-generation self-service Kiosk for hotels

  • Dow Building Solutions acquire Stevens Roofing

    19th June, 2008 18:35

    Dow Building Solutions' participation in the commercial construction market centers around creating energy efficient structures, including insulation, weatherizati

  • Sunil Tandon joins Ariston Advisors

    19th June, 2008 18:25

    Ariston Capital Services Pvt. Ltd welcomes on board, Mr. Sunil Tandon, ex-President & CEO of GMR Infrastructure Limited and founder of Capital Partners.

  • Inflation to set near-term mkt trend: Envision Cap 

    19th June, 2008 18:12

    Nilesh Shah, MD and CEO, Envision Capital, said sentiment in the market remains bearish. "The Sensex may not break 14,000. Negative news will get factored in at 14

  • IATA welcomes EC VP Tajani’s Single European Sky Priority

    19th June, 2008 17:56

    The International Air Transport Association congratulated Antonio Tajani on his confirmation as Vice President of the European Commission and Commissioner for Tran

  • Rupee, bonds end lower

    19th June, 2008 17:45

    The spot rupee ended lower at Rs 42.97 per USD as against its previous close of Rs 42.90. The widely traded 8.24%, 2018 paper closed lower at Rs 98.45 as against i

  • Jet claims that Rs 100 cr tax liability is with Sahara

    19th June, 2008 17:40

    Jet Airways and Air Sahara are back in a tax tangle. Jet said the Rs 100 crore liability that the Deputy General of Excise Duty had slapped on it is with the previ

  • Juniper Networks expands portfolio of Ethernet Srv Router

    19th June, 2008 17:26

    Juniper Networks, Inc., the leader in high-performance networking, today expanded the range of interface cards for its MX-series portfolio of Ethernet Services Rou

  • Stocks to watch: Renuka, IGL, Anu's Lab 

    19th June, 2008 17:07

    Bears have reigned on the markets again and not given a single chance to bulls in today's session. It was the second straight day of selling pressure in the market

  • See resistance for crude at $138/bbl: Gbl Fin Mkt 

    19th June, 2008 17:01

    Bharath Kumar, Director, Global Financial Market sees a good resistance for crude at USD 138-138.50. He said that Rs 12,400 at the MCX is a very good resistance fo

  • 364 day Treasury Bills: Auction Result

    19th June, 2008 16:59

    364 day Treasury Bills: Auction Result. Date of Auction: June 18, 2008.

  • Buy Larsen and Toubro, target of Rs 3337: Religare

    19th June, 2008 16:52

    Religare has recommended a buy rating on Larsen and Toubro with a target price of Rs 3337. During FY08, Larsen and Toubro's core business traded at a high of 35x F

  • Shorts pressing hard at higher level 

    19th June, 2008 16:52

    There are very large discounts on both the June and July series. There is no let up there and at every higher level shorts are pressing hard. The discounts for the

  • MCX to launch ATF futures in 2 weeks 

    19th June, 2008 16:35

    India's largest multi commodity exchange – MCX, is all set to launch aviation turbine fuel futures or ATF futures in the next two weeks. But airlines are not relie

  • Mkts headed down, pick stocks carefully: Rada Adv 

    19th June, 2008 16:23

    Nitin Raheja, CIO, Rada Advisors, said investors would have enough time and opportunities to buy at their own prices in the next couple of months. "The markets are

  • IDEB launches another residential project in Pune

    19th June, 2008 16:18

    IDEB, a growing conglomerate that has interest in Eng Construction, Real Estate Manufacturing and Hospitality, launches its second Italian lifestyle enclave in

  • Rising steel, bitumen prices concerning: Nagarjuna Const 

    19th June, 2008 15:50

    The one company that seems to be beating the trend at least in this month is Nagarjuna Construction. Looking ahead YD Murthy of Nagarjuna Constructions feels that

  • Reduce India-centric risk by diversifying: ING Invt 

    19th June, 2008 15:45

    Vineet K Vohra, MD and CEO, ING Investment Management, said investors should broaden their porfolio and get rid of this India-centric bias by tapping into vast opp

  • Niraj Cement closes at issue price

    19th June, 2008 15:31

    Niraj Cement Structurals an engineering and construction company focusing on road construction development, ends at Rs 190.15 on the BSE which is marginally above

  • Difficult day for the market 

    19th June, 2008 15:19

    It shows momentary signs of getting above 4,500 but slips every time and again. It is really difficult day for the market, which is just not improving.

  • Hughes strengthens comm network for Indian Railways

    19th June, 2008 15:14

    Hughes the world's leading provider of satellite broadband services, Managed Network Services and products for businesses, governments and consumers today announce

  • Ranbaxy has support at Rs 535: Manghnani

    19th June, 2008 15:11

    Anil Manghnani of Modern Shares & Stock Brokers is of the view that Ranbaxy has support at Rs 535.

  • ISMT bounces back

    19th June, 2008 15:00

    At 2:55 pm, ISMT was quoting at Rs 50.05, up Rs 2.05, or 4.27%. It has touched an intraday high of Rs 50.95 and an intraday low of Rs 47. It was trading with volu

  • Shree Renuka makes sweet gain

    19th June, 2008 14:57

    At 2:47 pm, Shree Renuka Sugars was quoting at Rs 109.90, up Rs 4.55, or 4.32%. It has touched an intraday high of Rs 110.75 and an intraday low of Rs 103. It was

  • GTC Ind locked at 5% upper circuit

    19th June, 2008 14:53

    GTC Industries is locked at 5% upper circuit. At 2:42 pm, the share was quoting at Rs 157.15, up Rs 7.45. It has touched an intraday high of Rs 157.15 and an intra

  • HCL Infosystems hits 52-week low

    19th June, 2008 14:49

    HCL Infosystems has touched a 52-week low of Rs 140.10. At 2:39 pm, the share was quoting at Rs 141.25, down Rs 13.3, or 8.61%. It was trading with volumes of 10,3

  • Reliance Infrastructure among major losers

    19th June, 2008 14:47

    Reliance Infrastructure is among major losers on the Sensex. At 2:36 pm, the share was quoting at Rs 1,020, down Rs 53.35, or 4.97%. It has touched an intraday hig

  • Shree Renuka adds 18 lakh shares in net OI 

    19th June, 2008 14:43

    From the sugar space Shree Renuka is at extremely strong in the second day in a row, pretty healthy premium, close to 1% with a net addition of about 18 lakh share

  • Power Grid Corp declares result; stock down

    19th June, 2008 14:35

    At 2:22 pm, Power Grid Corporation of India was quoting at Rs 89.10, down Rs 1.8, or 1.98%. It has touched an intraday high of Rs 91 and an intraday low of Rs 87.9

  • Learnings from Sahara fiasco...

    19th June, 2008 14:33

    Smart investor = good detective!

  • Buy NIIT, target of Rs 132: Emkay

    19th June, 2008 14:31

    Emkay Research has maintained its buy rating on NIIT with a price target of Rs 132. NIIT reported strong Q4FY08 numbers with revenues of Rs 2725 million.

  • Enter Mastek, NIIT: S Shenoy

    19th June, 2008 14:26

    Sandeep Shenoy of Pioneer Intermediaries is of the view that one can enter Mastek, NIIT. Most of these companies have pretty decent amount of cash in their balance

  • HPCL may buy 2 Bengal units; stock down

    19th June, 2008 14:19

    At 2:10 pm, Hindustan Petroleum Corporation, HCPL was quoting at Rs 193.60, down Rs 5.2, or 2.62%. It has touched an intraday high of Rs 197.40 and an intraday low

  • Buy Indraprastha Gas, target of Rs 142: India Infoline

    19th June, 2008 14:12

    India Infoline has maintained its buy rating on Indraprastha Gas with a target price of Rs 142. The company is expanding into new territories of Noida and Greater

  • See inflation at 9.77% next week: Kotak Mahindra Bk 

    19th June, 2008 13:57

    Indranil Pan of Kotak Mah Bank said his calculation indicates an inflation number of 9.77% next week. Even if it rises to double digits, he does not expect any Cen

  • Corporate governance extends to the IT realm

    19th June, 2008 13:49

    The pervasive use of technology in organisations has generated a critical dependency on IT that calls for organisations to focus on their IT governance

  • BOC Grp raises open offer price; promoters up holding 

    19th June, 2008 13:48

    BOC Group has increased its open offer price to Rs 200 from Rs 165. The open offer will be between June 11-30. The company will make a preference placement of 3.6

  • Cement cos to see margin pressure: Karvy 

    19th June, 2008 13:43

    Amit Shrivastava of Karvy Stock Broking expects margins of cement companies to be hit. "Cement realizations would stabilize at current levels. But going forward, r

  • Underwriting auction for sale of 8.24% Govt Stk 2027

    19th June, 2008 13:34

    Underwriting auction for sale (re-issue) of ‘8.24 percent Government Stock 2027’. The underwriting auction will be conducted using multiple price based auction met

  • Sweet gain for Bajaj Hindusthan

    19th June, 2008 13:17

    At 1:07 pm, Bajaj Hindusthan was quoting at Rs 185.55, up Rs 6.85, or 3.83%. It has touched an intraday high of Rs 186.40 and an intraday low of Rs 175.30. It was

  • Aurobindo Pharma has support at Rs 260-265: Bhambwani 

    19th June, 2008 13:15

    Technical Analyst, Vijay Bhambwani is of the view that Aurobindo Pharma has support at Rs 260-265. Rs 365 level is likely to prove, to be a major hurdle for this c

  • ICICI Bank continues to fall

    19th June, 2008 13:07

    At 12:57 pm, ICICI Bank was quoting at Rs 752.25, down Rs 33.1, or 4.21%. It has touched an intraday high of Rs 777.95 and an intraday low of Rs 750.35. It was tra

  • Buy Deepak Fertilizers, target of Rs 123: Emkay

    19th June, 2008 13:01

    Emkay Research has recommended a buy rating on Deepak Fertilizers and Petrochemicals Coprn with a price target of Rs 123. Emkay expects DFPCL to report net revenue

  • Book profits in Spice Comm: A Madan 

    19th June, 2008 13:00

    Ashu Madan of Religare is of the view that one can book profits in Spice Communications.

  • Book profits in SpiceJet: Bhambwani 

    19th June, 2008 12:50

    Technical Analyst, Vijay Bhambwani is of the view that one can book profits in SpiceJet even at Rs 2 higher from the present levels.

  • Hindustan Zinc backs on track

    19th June, 2008 12:49

    At 12:40 pm, Hindustan Zinc was quoting at Rs 589, up Rs 21.95, or 3.87%. It has touched an intraday high of Rs 594 and an intraday low of Rs 564. It was trading

  • India & Syria commit to closer bi-lateral relations

    19th June, 2008 12:40

    India and Syria commit to closer bi-lateral relations

  • Balaji Telefilms gains further ground

    19th June, 2008 12:36

    At 12:26 pm, Balaji Telefilms was quoting at Rs 214.90, up Rs 9.80, or 4.78%. It has touched an intraday high of Rs 220.70 and an intraday low of Rs 197. It was tr

  • InterfaceFLOR Bangalore facility achieves LEED - CI Gold

    19th June, 2008 12:27

    InterfaceFLOR India Pvt. Ltd., announced that its Bangalore facility has achieved the Leadership in Energy & Environmental Design Gold for Commercial Interiors cer

  • Chitale Dairy consolidates 2 Datacenters with VMware Infra

    19th June, 2008 12:18

    VMware, Inc., announced that Chitale Dairy has used VMware’s market-leading datacenter virtualization and management platform, VMware Infrastructure, to consolidat

  • Lakshmi Vilas to consider QIP issue, stk up 4.4%

    19th June, 2008 12:12

    At 12:02 pm, Lakshmi Vilas Bank was quoting at Rs 86.90, up Rs 3.70, or 4.45%. The company has board meet on June 25 to consider QIP issue, reports CNBC-Tv18. It w

  • Pyramid Saimira Grp appoints Sushil Borkar

    19th June, 2008 12:09

    Pyramid Saimira Group appoints Sushil Borkar as Group Vice President –Corporate Compliance and Vigilance

  • Tata Comm continue its downtrend

    19th June, 2008 11:57

    At 11:46 am, Tata Communications was quoting at Rs 403.45, down Rs 17.55, or 4.17%. It has touched an intraday high of Rs 420 and an intraday low of Rs 403. The AD

  • Time Tech to consider stocks split, stk up 5.6%

    19th June, 2008 11:56

    At 11:46 am, Time Technoplast was quoting at Rs 815, up Rs 43.80, or 5.68%. The company has board meet on June 27 to consider stocks split, reports CNBC-TV18. It w

  • Nuke deal may be cause of concern for mkt: Tata MF 

    19th June, 2008 11:52

    Ved Prakash Chaturvedi, MD, Tata Mutual Fund feels that the movement in the market from now on would mostly be news driven. He expects the market to remain rangebo

  • V Chugh positive on FMCG sector

    19th June, 2008 11:47

    Vijay Chugh of JP Morgan is positive on FMCG sector.

  • Pfizer in good health

    19th June, 2008 11:41

    At 11:31 am, Pfizer was quoting at Rs 647.85, up Rs 24.50, or 3.93%. It has touched an intraday high of Rs 664.95 and an intraday low of Rs 639. It was trading wit

  • MAN Infraprojects to invest Rs 1000cr in 3 years

    19th June, 2008 11:39

    The company’s subsidiary, MAN Infraprojects Limited plans to develop seven projects in Mumbai, Navi Mumbai and Indore with an investment of Rs 1000 crore in the ne

  • GHCL witnesses selling pressure

    19th June, 2008 11:28

    At 11:18 am, Gujarat Heavy Chemicals was quoting at Rs 72.50, down Rs 3.3, or 4.35%. It has touched an intraday high of Rs 75 and an intraday low of Rs 72. It was

  • SBI continues to slide

    19th June, 2008 11:20

    At 11:10 am, State Bank of India, SBI was quoting at Rs 1,310, down Rs 40.9, or 3.03%. It has touched an intra day high of Rs 1,337 and an intraday low of Rs 1,305

  • PNB plunges nearly 5%

    19th June, 2008 11:12

    At 11:02 am, Punjab National Bank, PNB was quoting at Rs 436, down Rs 22.1, or 4.82%. It has touched an intraday high of Rs 457 and an intraday low of Rs 435. It w

  • Angel neutral on Fame India

    19th June, 2008 11:05

    Angel Broking has maintained its neutral view on Fame India. At the CMP of Rs 53, Fame India is trading at rich valuations of 15.4x FY2010E EPS, which is relativel

  • Book profits in Ranbaxy: Sukhani

    19th June, 2008 11:00

    Technical Analyst, Sudarshan Sukhani is of the view that one can book profits in Ranbaxy.

  • Expect another 4-5% rise in Sasken: D Mehta

    19th June, 2008 10:57

    Dipan Mehta, Member, BSE/NSE is of the view that one can expect another 4-5% rise in Sasken Communication. They are sitting on a lot of property, which could reduc

  • Buy Cairn India, says Sukhani 

    19th June, 2008 10:45

    Technical Analyst, Sudarshan Sukhani is of the view that one can buy Cairn India. At some point of time, it will complete its pullback. It is in a bull market of i

  • Buy ONGC at Rs 700: Sukhani 

    19th June, 2008 10:42

    Technical Analyst, Sudarshan Sukhani is of the view that one can buy ONGC at Rs 700 for lifetime.

  • Unitech loses further ground

    19th June, 2008 10:29

    Unitech has continued to down. At 10:20 am, the share was quoting at Rs 194.95, down Rs 5.3, or 2.65%. It was trading with volumes of 255,045 shares. Yesterday the

  • Spanco Tele to acquire Punj Lloyd's ISP division, stk up

    19th June, 2008 10:18

    At 10:09 am, Spanco Telesystems and Solutions was quoting at Rs 121.60, up Rs 2.55, or 2.14%. The company in JV with Shyam group to acquire Punj Lloyd's ISP divisi

  • Ranbaxy settle with Pfizer on Lipitor litigation, stk down

    19th June, 2008 10:05

    At 10 am, Ranbaxy Laboratories was quoting at Rs 582, down Rs 15.5, or 2.59% on the NSE. Ranbaxy has settled with Pfizer on Lipitor litigation. Ranbaxy, Pfizer als

  • Indian GDRs: L&T down 5.3%, Dr Reddy's up 3.3%

    19th June, 2008 09:59

    Indian GDRs: L&T, Tata Comm, Infosys, Gail, Satyam, Tata Motors and Reliance plunged, while Dr Reddy's, Mahindra and Ranbaxy gained.

  • 'Brokers have no role to play in BSE board decisions' 

    19th June, 2008 09:55

    The Chairman of the Bombay Stock Exchange (BSE) Shekhar Datta has resigned; also putting in his papers is BSE Board member Jamshyd Godrej. On why these resignation

  • Sensex may slips to 15140-15000: Angel

    19th June, 2008 09:52

    According to Angel Broking Technical Analysis report, the coming trading session is expected to trade with negative bias if indices trade convingsingly below 15380

  • Markets may extend losses: India Infoline

    19th June, 2008 09:47

    According to India Infoline Daily Market Watch, we expect key indices to extend Wednesday’s fall in the opening session today.

  • Oil spike over $140/bbl to take mkts down: Dipan Mehta 

    19th June, 2008 09:43

    Dipan Mehta believes that all eyes are on the global markets and the movement of crude oil. As of now, the situation of the markets is very fluid. He said, "If oil

  • Expect gap down opening: Karvy

    19th June, 2008 09:37

    According to Karvy Stock Broking Technical Analysis report, domestic indices may witness a gap down opening following yesterday’s sell off towards the end of the s

  • Ambuja Cements not a cheap stock 

    19th June, 2008 09:31

    The headwinds are tremendous, PE multiples are meaningless in this kind of a situation where cement prices might come under pressure. One needs to be careful becau

  • Ranbaxy Labs might see bounce of Rs 25-50 

    19th June, 2008 09:25

    One has to analyze the situation post settlement whether Pfizer is going to go ahead or not with its counter offer and then take a call on whether one wants to jum

  • Is Ranbaxy walking a thin legal line? 

    19th June, 2008 09:19

    The timing of two deals between Ranbaxy-Daiichi and Rabbaxy-Pfizer maybe innocent on the face of it, but does it walk a fine line with the insider trading regulati

  • Buy Nitin Fire, target of Rs 585: Karvy

    19th June, 2008 09:10

    Karvy Stock Broking has maintained its buy rating on Nitin Fire Protection Industries with a target price of Rs 585. Karvy expects the company to report net profit

  • Expect a decline today

    19th June, 2008 09:04

    European markets fell sharply last night, and the US indices also declined. Asian markets are also down fairly heavily this morning, and the global short-term tren

  • Rupee opens at Rs 42.92 per dollar

    19th June, 2008 09:00

    The Indian Rupee opened at Rs 42.92 per dollar versus Rs 42.90 yesterday.

  • Nifty June futures shed 6.5 lakh shares in OI 

    19th June, 2008 09:00

    FIIs have net sold Rs 682 crore in Nifty futures while net bought Rs 360 crore in Nifty options. Nifty June futures shed 6.5 lakh shares while July futures added 6

  • Equity calls: Kumar, Sharma

    19th June, 2008 08:48

    The market is likely to open lower but the fall is expected to be cushioned by the Ranbaxy-Pfizer settlement, says Sharma.

  • Buy MCX August Gold at Rs 12320

    19th June, 2008 08:38

    In case of gold, one could buy MCX August at Rs 12,320 per 10 grams with a target of Rs 12,460 per 10 grams, says Mittal.

  • +ve on oil & gas, -ve on financials: Julius Baer 

    19th June, 2008 08:35

    Speaking to CNBC-TV18 Nimeesha Takalkar, Equity Research Asia at Julius Baer said, we think that the credit crunch may not have seen its very end and so are bearis

  • Arvind Brands to promote Arrow as a lifestyle brand

    19th June, 2008 08:34

    Arvind Brands, the retail division of Arvind Mills, is sewing up strategies to strengthen its retail presence by positioning itself as a lifestyle brand.

  • F&O cues: Futures Open Interest down by Rs 685 cr

    19th June, 2008 08:27

    F&O cues: Nifty June Futures shed 6.5 lakh shares shares in Open Interest. Futures Open Interest down by Rs 685 crore and Options Open Interest up by Rs 131 crore.

  • Market cues: FIIs net buy $92.3 mn

    19th June, 2008 08:23

    Market cues: FIIs net buy $92.3 mn. MFs net buy Rs 258 cr in equity.

  • Royal Enfield to expand two-wheeler capacity

    19th June, 2008 08:16

    Royal Enfield plans to expand its two-wheeler production capacity to 60,000 units a year, with an investment of Rs 25 crore, according to its Chief Executive Offic

  • Wall Street tumbles; Dow down 131 points

    19th June, 2008 08:12

    In the US markets, stocks fell sharply yesterday led by financial and auto stocks after worrisome results from Morgan Stanley, fed ex and others depressed market s

  • MF NAVs witness sharp sell off as markets decline

    19th June, 2008 01:13

    Sharp sell off has seen in equity diversified NAVs on the back of weak closing in markets. Main culprits were realty, banking, technology, capital goods, metal, oi

  • KSK Energy Ventures IPO opens on June 23

    19th June, 2008 22:40

    KSK Energy Ventures, a company with experience in developing and operating power plants, proposes to enter the capital markets with a public issue of 3,46,11,000 E

  • Rel Infra bid for Sewri-Nhava Sheva link void: Maha govt

    19th June, 2008 20:30

    The Maharashtra government says Reliance Infrastructure bid for Sewri-Nhava Sheva link is void, reports CNBC-TV18, quoting Newswire18. Reliance Infrastructure fail

  • Dhall quits as Chairman Competition Commission

    19th June, 2008 20:17

    Vinod Dhall, Acting Chairman, Competition Commission, has resigned. His five-year term expires in October. Dhall took premature retirement, as he will be 65 in Feb

  • BSE enters into an agreement with BoB

    19th June, 2008 19:56

    BSE enters into an agreement with Bank of Baroda for Clearing and Settlement

  • Era Infra Engg records Rs 1499.27cr in revenues

    19th June, 2008 19:29

    Era Infra Engineering records Rs 1499.27 crore in revenues, Rs 121.37 crore in net profit for FY2008

  • Bartronics America makes an impact at RFIDLive! 2008

    19th June, 2008 19:10

    Bartronics America makes an impact at RFIDLive! 2008 at Las Vegas – bags a project with Comic-Con International

  • myJobsinPune.com registers 1 lac jobseekers in just 6 mths

    19th June, 2008 18:48

    myJobsinPune.com (www.myjobsinpune.com), Pune's only dedicated Job site, has more than 1 lac jobseekers registered to the site in just six months of its launch.

  • Rel Comm deal issue not raised at MTN AGM: Srcs

    19th June, 2008 18:26

    CNBC-TV18 has learnt from sources that the Reliance Communications-MTN deal issue was not raised at MTN’s AGM.

  • Tarang Software forays into Saudi Arabia

    19th June, 2008 18:14

    Bangalore based Tarang Software Technologies (Tarang), a leading provider of Point of Sale (PoS) and mobile payment solutions, acquired its first EMV customer, Int

  • Lenovo debuts IdeaPad U110

    19th June, 2008 18:04

    Lenovo announced the availability of the IdeaPad U110 consumer notebook PC in India. The IdeaPad U110 is the star of Lenovo’s IdeaPad entertainment and fashion-ori

  • Will inflation breach 10% mark? 

    19th June, 2008 17:54

    After last week's uptick in inflation, the market is anxious to know about where the figures will settle on Friday. Experts see it around the 9.77-9.99% levels due

  • No downside risk in Sunflag Iron: Tulsian 

    19th June, 2008 17:41

    Investment Advisor SP Tulsian is of the view that with a 50% of appreciation scope from here on Sunflag Iron with virtually no downside risk from here.

  • GHCL may give 20% appreciation: Tulsian 

    19th June, 2008 17:28

    Investment Advisor SP Tulsian is of the view that GHCL may give 20% appreciation from these level. The soda ash market has been very good, the realization has been

  • Liquidity Adjustment Facility: Auction Results

    19th June, 2008 17:21

    Liquidity Adjustment Facility: Auction Results. The results of the RBI Repo/Reverse Repo auctions held on June 18, 2008.

  • Scheduled Banks Statement in India as on June 06 '08

    19th June, 2008 17:04

    Scheduled Banks Statement of Position in India as on Friday June 06, 2008.

  • Quintegra accredited with ISO 27001:2005 certification

    19th June, 2008 17:00

    Quintegra accredited with ISO 27001:2005 certification

  • RBI keeps credit derivatives norms in abeyance

    19th June, 2008 16:54

    The Reserve Bank of India has kept final norms on credit derivatives in abeyance, reports CNBC-TV18. The norms were put on hold post the global credit crisis. The

  • 91 day Treasury Bills: Auction Result

    19th June, 2008 16:52

    91 day Treasury Bills: Auction Result. Date of Auction: June 18, 2008.

  • Buy Maruti Suzuki, target of Rs 1046: Religare

    19th June, 2008 16:41

    Religare has recommended a buy rating on Maruti Suzuki India with a target price of Rs 1046. Historically, the stock has traded between 12–17x

  • Ashok Leyland announces the formation of Albonair

    19th June, 2008 16:30

    Ashok Leyland, the Hinduja Group flagship, announced the formation of a new company – ALBONAIR GmbH in Dortmund, Germany – which will focus on the development, pro

  • India not downgraded below investment grade: Moody's 

    19th June, 2008 16:22

    There is a rumour that the Moody’s might have downgraded India to lower than investment grade. Aninda S Mitra, VP and Senior Analyst (Sovereign Risk), Moody's clar

  • What are house views on Ranbaxy?

    19th June, 2008 16:00

    Most brokerages have given a thumbs down to Ranbaxy-Pfizer's Lipitor settlement. What are their main concerns? Morgan Stanley has increased its price target on Ran

  • StanChart appoints Shyam Srinivasan

    19th June, 2008 15:49

    Standard Chartered Bank, India's largest international bank, is pleased to announce the appointment of Shyam Srinivasan as Country Head, Consumer Banking. Mr. Srin

  • CII signs MoU with GICAT

    19th June, 2008 15:40

    Confederation of Indian Industry and the Grupement des industries franchises de defense terrestre, French Defence Industry Association for Land Systems signed a Me

  • ESS launches ebizframeCORE - ERP solution for SMBs

    19th June, 2008 15:30

    Eastern Software System, India's premier ERP Company offering cutting edge technology solutions and services to clients worldwide, has announced the launch of ebiz

  • Punj Lloyd continues to roll down

    19th June, 2008 15:17

    At 3:05 pm, Punj Lloyd was quoting at Rs 252.50, down Rs 14.6, or 5.47%. It has touched an intraday high of Rs 263.90 and an intraday low of Rs 252. It was trading

  • Axis Bank loses further ground

    19th June, 2008 15:12

    At 3:01 pm, Axis Bank was quoting at Rs 715.05, down Rs 38.2, or 5.07%. It has touched an intraday high of Rs 743 and an intraday low of Rs 712.20. It was trading

  • Get Re. 1 STD & more from your Airtel connection

    19th June, 2008 15:07

    Get Re. 1 STD and more from your Airtel connection. Airtel recharge coupon of Rs. 37/month offers Re. 1/min on STD and Rs. 10 talktime

  • Sulekha.Com wins PC World Web Award

    19th June, 2008 14:59

    Sulekha.com, the most popular online community for Indians worldwide, bagged the top honours in PC World's Web Awards 2008. It stood out for its comprehensive dire

  • Expect 8.5% GDP growth in '08: FinMin 

    19th June, 2008 14:56

    Arvind Virmani, Chief Economic Advisor, Finance Ministry expects fluctuations in inflation numbers in the second quarter. He sees a downtrend in inflation in the t

  • GlacialTech launches Igloo series CPU Coolers

    19th June, 2008 14:50

    GlacialTech Inc., a diversified provider of cooling, power supply, PC enclosure solutions for consumer and industrial applications, today announced the launch of I

  • Bk of Maharashtra dips further

    19th June, 2008 14:47

    At 2:37 pm, Bank of Maharashtra was quoting at Rs 41.95, down Rs 2, or 4.55%. It has touched an intraday high of Rs 43.35 and an intraday low of Rs 41.95. It was t

  • DBS Chola MF launches FMP – Series 9

    19th June, 2008 14:45

    DBS Chola Mutual Fund has launched DBS Chola Fixed Maturity Plan – Sr 9 (13 months plan) a close-ended income scheme with an objective to generate regular returns

  • Buy Godawari Power & Ispat, target of Rs 320: PINC

    19th June, 2008 14:43

    PINC Research has maintained its buy rating on Godawari Power & Ispat with a 12-month price target of Rs 320. PINC expects GPIL to ramp up volumes through FY09 and

  • Find safety picks in cement and metal space: PINC  

    19th June, 2008 14:33

    Sandeep Shenoy of Pinc Research feels that from a one-year view point, a fair value can be found in asset-heavy companies, which are having good scale-up potential

  • ING Mutual Fund launches ING Latin America Equity Fund

    19th June, 2008 14:33

    ING Investment Management launches ING Latin America Equity Fund, that aims to to seek capital appreciation by investing predominantly in ING (L) Invest Latin Amer

  • Reliance Industrial Infra slips on profit booking

    19th June, 2008 14:27

    At 2:17 pm, Reliance Industrial Infrastructure was quoting at Rs 1,010, down Rs 50.6, or 4.77%. It has touched an intraday high of Rs 1,049.90 and an intraday low

  • Invt seek equity exposure, capital protection: Barclays 

    19th June, 2008 14:25

    Dixit Joshi, MD and Head-Equity Linked Products, Barclays Capital said there are a few demographic changes seen in Asia and other mainstream economies. According t

  • Trent shoots up smartly

    19th June, 2008 14:14

    At 2:03 pm, Trent was quoting at Rs 527.50, up Rs 34.05, or 6.90%. It has touched an intraday high of Rs 547 and an intraday low of Rs 480. trading with volumes of

  • Hold Infosys, TCS: Bhambwani 

    19th June, 2008 14:11

    Technical Analyst, Vijay Bhambwani is of the view that one can hold Infosys, TCS. They have come off their recent highs and are approaching their support levels. I

  • IIP of India as at end-December 2007

    19th June, 2008 13:50

    International Investment Position (IIP) of India as at end-December 2007. The net international investment position (the stock of external financial assets less th

  • Is Kohinoor Foods on Temptation's radar?

    19th June, 2008 13:48

    There are market rumours that Temptation Foods has already garnered around 15% in Kohinoor Foods via group companies, reports CNBC-TV18. Temptation Foods plans to

  • It's already shorting time for Nifty trader: Rahul Mohinder 

    19th June, 2008 13:46

    Rahul Mohindar, viratechindia.com feels that right now the price target for a Nifty Futures trader would be in the belt of 4,430 to 4,450. "Should we break that su

  • Kelly Services appoints Rajiv Mehrotra as Country GM, India

    19th June, 2008 13:39

    Kelly Services Inc. announced the appointment of Rajiv Mehrotra as the Country General Manager for India with immediate effect.

  • Exit IT stocks at higher level: A Madan 

    19th June, 2008 13:21

    Ashu Madan of Religare is of the view that one can exit technology stocks at higher level. They have already seen the rebound post Infosys results and the rupee de

  • Eaton wins CALSTART 2008 Blue Sky™ Award

    19th June, 2008 13:15

    Eaton Wins CALSTART 2008 Blue Sky ™ Award For Environmental Innovation And Technology

  • Order book at Rs 5k cr executable over 2 yrs: Era Infra 

    19th June, 2008 13:08

    HS Bharana, Chairman, Era Infra Engineering said the EBITDA margin is 19%. He told CNBC-TV18 that the company has around Rs 5,000 crore of orderbook in hand execut

  • Somi Conveyor Beltings IPO opens June 24

    19th June, 2008 13:01

    Somi Conveyor Beltings Ltd fixed price IPO opens 24th June, Price fixed at Rs 35, at Rs 25 premium. The Company proposes to enter the Capital markets on 24th June

  • Kotak Mahindra Bank slips further

    19th June, 2008 13:00

    At 12:53 pm, Kotak Mahindra Bank was quoting at Rs 618, down Rs 32.25, or 4.96%. It has touched an intraday high of Rs 645 and an intraday low of Rs 615.05. It was

  • Ind to see lower Q1 nos: Shree Cement  

    19th June, 2008 12:58

    HM Bangur, MD of Shree Cement said there would be a squeeze in Q1 margins. “Q1 results will be lower though the realisations may be a little bit higher. Costs have

  • UPS ABM: Indian SME’s most optimistic about their biz gwth

    19th June, 2008 12:49

    UPS announced the findings of its 4th annual Asia Business Monitor survey. With India’s growing importance in global trade and its businesses gaining stronger foot

  • Don't invest in aviation space: A Madan 

    19th June, 2008 12:46

    Ashu Madan of Religare is of the view that one shouldn’t invest in aviation space. This is a sector, which is under pressure and will continue to do so. News flow

  • What is making OIL boil?

    19th June, 2008 12:37

    Oil demand is going to rise over time. Hence, as investors instead of cribbing about high oil prices and how they affect markets, we should look at opportunities w

  • Buy HEG, target of Rs 434: Emkay

    19th June, 2008 12:36

    Emkay Research has recommended a buy rating on HEG with a target price of Rs 434. Emkay values HEG under 3 scenarios.

  • Shanghai plunges 55% from its peak

    19th June, 2008 12:24

    Asian markets have slaughtered today following weak US markets cues. Surging Crude Oil price is also worrying markets. China's Shanghai Composite fell 5.5% or 161.

  • Buy Panacea Biotech, target of Rs 536: Emkay

    19th June, 2008 12:13

    Emkay Research has maintained its buy rating on Panacea Biotech with a target price of Rs 536. On the back of muted performance in FY08 (because of 12% appreciatio

  • Walchandnagar Ind forges ahead

    19th June, 2008 12:11

    At 12:01 pm, Walchandnagar Industries was quoting at Rs 341, up Rs 18.75, or 5.82%. It has touched an intraday high of Rs 346 and an intraday low of Rs 310. It was

  • HDFC among major losers

    19th June, 2008 12:07

    HDFC is among major losers on the Sensex. It has touched an intraday high of Rs 2,300 and an intraday low of Rs 2,205. It was trading with volumes of 42,810 shares

  • AAA Mid-Atlantic selects STGMastek's Billing solution

    19th June, 2008 11:56

    Mastek Ltd announced that it’s subsidiary STGMastek, has been selected by AAA Mid-Atlantic, an automobile club in the US for its Billing and Accounts Receivable sy

  • Buy Zee Entertainment, target of Rs 320: Religare

    19th June, 2008 11:54

    Religare has maintained its buy rating on Zee Entertainment Enterprises with a target price of Rs 320. ZEEL plans to make a major foray into movie production and d

  • Indiabulls Real Estate sheds 5.7%

    19th June, 2008 11:48

    At 11:38 am, Indiabulls Real Estate was quoting at Rs 375.10, down Rs 22.8, or 5.73%. It has touched an intraday high of Rs 390 and an intraday low of Rs 373.50. I

  • Citycom acquires Spectranet from Punj Lloyd

    19th June, 2008 11:47

    The Promoter of Shyam Group and one of India’s Leading telecom systems integration and IT services companies, Spanco Telesystems and Solutions Limited announced th

  • Buy Gujarat Industries Power Co, tgt Rs 123: Religare

    19th June, 2008 11:39

    Religare has maintained its buy rating on Gujarat Industries Power Company with a revised target price of Rs 123. GIPCL continues to trade close to its book value

  • BHEL outbids Alstom; stock down

    19th June, 2008 11:37

    At 11:27 am, Bharat Heavy Electricals, BHEL was quoting at Rs 1,444.20, down Rs 54.5, or 3.64%. It has touched an intraday high of Rs 1,490 and an intraday low of

  • Buy Gujarat Mineral Development, tgt Rs 443: Hem

    19th June, 2008 11:21

    Hem Securities has maintained its buy rating on Gujarat Mineral Development Corporation with a target price of Rs 443. The stock looks attractive at the current va

  • Why is Macquarie bullish on Zee Ent, Dish TV? 

    19th June, 2008 11:20

    Shubham Majumder of Macquarie Research believes television media will see 20-22% advertisement growth. His price target on Zee Entertainment is Rs 260. He said Zee

  • Ranbaxy may see only 5-10% upside: LKP Shares 

    19th June, 2008 11:08

    S Ranganathan of LKP shares and securities did not expect Ranbaxy to open week today. According to him, the stock does not offer too much arbitrage opportunity and

  • MTNL gets international long distance licence, stk up 3.4

    19th June, 2008 11:00

    At 11:02 am, Mahanagar Telephone Nigam, MTNL was quoting at Rs 98.80, up Rs 3.30, or 3.46% on the NSE. The company has got international long distance licence, rep

  • FMCG sector can give 20% returns from hereon: JPM 

    19th June, 2008 11:00

    Vijay Chugh of JPMorgan feels that the FMCG sector can provide 20% returns from here on. His price target for ITC is at Rs 250 and Gitanjali Gems is at Rs 400. Chu

  • Larsen takes further dip

    19th June, 2008 10:48

    At 10:40 am, Larsen and Toubro, L&T was quoting at Rs 2,662, down Rs 88.5, or 3.22%. It was trading with volumes of 74,595 shares. Yesterday the share closed down

  • Closer to 8.5% eco growth possible: FM 

    19th June, 2008 10:45

    The Finance Minister P Chidambaram feels that there is no reason on why economy should not grow closer to 8.5%. The advance tax collection is quite robust, he said

  • Stay away from banking stocks: Sukhani

    19th June, 2008 10:37

    Technical Analyst, Sudarshan Sukhani is of the view that one can stay away from banking stocks. It is much better not to look at the charts of the big banks. ICICI

  • Maruti Suzuki among major losers

    19th June, 2008 10:26

    Maruti Suzuki is among major losers on the Sensex. At 10:18 am the share was quoting at Rs 738, down Rs 27, or 3.53%. It was trading with volumes of 6,291 shares.

  • Sensex has support at 15135: Hem

    19th June, 2008 10:15

    According to Hem Securities Morning Note, the support for Sensex remains at 15135 levels and resistance at 15553/15732 levels.

  • BOC India gains 17.7%

    19th June, 2008 10:02

    At 09:57 am, BOC India was quoting at Rs 193, up Rs 29.15, or 17.79% on the NSE. It has touched an intraday high of Rs 196.65 and an intraday low of Rs 185. It was

  • Niraj Cement lists below issue price

    19th June, 2008 09:55

    Niraj Cement Structurals an engineering and construction company focusing on road construction development, lists at Rs 185 on the BSE against the issue price of R

  • Nifty may correct upto 4542–4501: Angel

    19th June, 2008 09:52

    According to Angel Broking Market Outlook report, if Nifty trades below 4611 for the first half-an-hour of trade then it may correct upto 4542–4501.

  • US mkts slips on financial worries 

    19th June, 2008 09:48

    Disappointing results at FedEx and more worries about the financial sector weighed on the overall market. On Wednesday the Dow was down for the third straight sess

  • CNBC-TV18 poll on upside in Ranbaxy post Lipitor deal

    19th June, 2008 09:46

    Ranbaxy has reached a settlement with Pfizer on Lipitor litigation. CNBC-TV18 has asked research analysts of brokerage firms in a poll that what is upside post Lip

  • No support if 4,400 is broken: Sudarshan Sukhani 

    19th June, 2008 09:37

    Sudarshan Sukhani of Technical Trends said yesterday morning was a shorting opportunity, but now markets are back to where they started. He said, "I presume that t

  • Niraj Cement doesn't deserve more than Rs 100 

    19th June, 2008 09:35

    Niraj Cement is an avoidable one. At issue price of Rs 190 per share, it looks overpriced about 26-27 times. On the first day, it could be punting sort of thing on

  • Power Grid FY08 net profit at Rs 1448.5 cr

    19th June, 2008 09:26

    Power Grid Corporation of India has declared its results for FY08. The company's audited net profit was at Rs 1448.5 crore versus Rs 1229.3 crore.

  • Indian govt to approach IAEA on nuke deal

    19th June, 2008 09:24

    The government seemed to be talking tough to the left yesterday with sources saying that they are determined to take the Indo-US nuclear deal to the next step at t

  • Mkts butchered; Bankex, Realty dip over 4%, CG slips 3.7%

    19th June, 2008 09:17

    Bears have reigned on the markets again and not given a single chance to bulls in today's session. It was the second straight day of selling pressure in the market

  • Crude prices rise to $136.63/bbl

    19th June, 2008 09:10

    Crude prices rose as a strike threat by oil workers in Nigeria stoked supply concerns ahead of a meeting of top producers and consumers aimed at tackling soaring e

  • Negative global cues worrying for mkts today 

    19th June, 2008 09:04

    Yesterday was a bad day for our markets and this morning we wake upto fairly negative cues once again. This is not good for Nifty which was trying to scale up to t

  • Money calls: Prabhu, Subramaniam

    19th June, 2008 09:00

    Inflation numbers tomorrow are likely to be much higher and bonds would be impacted. Liquidity continues to remain under pressure due to advance tax outflows, says

  • What are RBI's issues with Sahara?

    19th June, 2008 08:59

    The Reserve Bank has been asking Sahara to stop taking deposits since March 2007 and adopt other financial models. This is according to the petition filed by RBI i

  • Support for Sensex at 15217-15082: Gaba

    19th June, 2008 08:40

    The support for the Sensex is at 15217-15082 and the resistance to the up move at 15680.

  • KF Airlines's int'l plans may hit severe turbulence

    19th June, 2008 08:36

    Kingfisher Airlines international plans may hit severe turbulence. The DGCA (Directorate General of Civil Aviation) has issued a draft circular to all airlines whi

  • Avoid big ticket trades for now

    19th June, 2008 08:35

    The outlook for the markets today is that of caution as the bulls are on the ropes and any negative overseas cues can weaken sentiments further. Ignore big ticket

  • Stocks in news: Future Cap, Ranbaxy, HPCL

    19th June, 2008 08:31

    Stocks in news: Future Capital Holdings has results today. Ratnamani Metals has board meet on stock split. HPCL may buy 2 Bengal units, in talks with Coal India. R

  • L&T-Mitsubishi venture gets its first customer

    19th June, 2008 08:26

    The joint venture of L&T and Mitsubishi Heavy Industries is all set to secure its first order for super-critical steam turbine and generator— from Andhra Pradesh P

  • MRPL to launch branded fuel at its outlets

    19th June, 2008 08:21

    Mangalore Refinery and Petrochemicals Ltd will be launching the branded petrol and diesel in the OVaL retail outlet of Oil and Natural Gas Corporation and HiQ reta

  • Indian ADRs: Tata Comm slips 4.4%, Dr Reddy's up 3.3%

    19th June, 2008 08:14

    Indian ADRs: Tata Comm, Infosys, Satyam, Wipro, ICICI Bank, Tata Motors and HDFC Bank plunged, while Dr Reddy's gained.

  • Asian markets end lower

    19th June, 2008 08:10

    Asian markets ended lower. China's Shanghai Composite declined 6.54% or 192.241 points at 2,748.874. Japan's Nikkei tumbled 2.23% or 322.65 points at 14,130.17. Ta

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