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Moneycontrol News Archive : 30 June, 2008

  • ICICI ups deposits, home loan rates 

    30th June, 2008 20:59

    India's largest private sector bank, ICICI has raised deposit rates by 0.5-1%. It has hiked home loan rates by 0.75% and revised floating reference rates for consu

  • Public sector cos up ATF prices by Rs 2,870-5,170/kl

    30th June, 2008 20:56

    Public sector oil companies have upped aviation turbine fuel, or ATF, prices by Rs 2,870-5,170 per kilolitre from tomorrow, reports CNBC-TV18, quoting Newswire18.

  • I-T Dept can't impose retrospective penalty: V'fone Counsel

    30th June, 2008 20:31

    It was the fifth day of hearing for the Vodafone tax case at the Bombay High Court. Today, Vodafone's lawyer attacked the Income Tax Act amendment. He said the tax

  • Setco Automotive PBT up by 11% at Rs 20.54cr

    30th June, 2008 19:58

    Setco Automotive consolidated Gross Sales of Setco Automotive was up by 31% touching Rs.241.80 crore. The Operating Profit grew by 16.45% and stood at Rs.32.64 c

  • Manaksia's net sales at Rs 1147.37cr for FY08

    30th June, 2008 19:49

    Manaksia consolidated net sales for FY08 stands at Rs 1147.37 crore, as against Rs 827.76 crore last year. For the year ended March 31, 2008, PAT climbed 39.28% Yo

  • ABG Shipyard delivers vessels to Lamnalaco Grp & Tag Sea

    30th June, 2008 19:40

    ABG Shipyard Ltd, the country's largest Ship building company delivers one vessels each to Lamnalco Group and TAG Sea Logistics

  • HCL Enterprise partners with GemStone Systems

    30th June, 2008 19:25

    GemStone Systems, the leading provider of the Enterprise Data Fabric (EDF), today announced a partnership with HCL Penstock, the financial services product enginee

  • Dena Bank, BoI hike BPLR by 50 bps

    30th June, 2008 19:21

    Dena Bank has raised its benchmark prime-lending rate by 50 bps, reports CNBC-TV18. It has raised deposit rates by up to 75 bps (100 bps=1%). Similarly, Bank of In

  • NCDEX- Trade details for June 30, 2008

    30th June, 2008 19:20

    NCDEX, 477 members (1,745 users) participated in trading on June 30, 2008 up to 5:00 pm and volumes were Rs 1,866 crore (one-way). There were more than 49,503 tr

  • How have MFs fared this year? 

    30th June, 2008 19:09

    The top losers on a week-on-week basis have been JM Emerging down 9.9%, JM Hi-Fi down 9.7% and JM Small and Midcap 9.2%. Since last week, the top gainers have been

  • Mindteck (India) FY07-08 revenues up by 38%

    30th June, 2008 18:50

    Mindteck (India) FY 07- 08 revenues up by 38% to Rs 32.50 crore; as compared to Rs 23.57 crore in the previous year. The Net Profit rose by 28 per cent to Rs 2.89

  • Indo Rama Synthetics net sales up by 26.5% in FY07

    30th June, 2008 18:35

    Indo Rama Synthetics (India) Ltd Net sales for the year rose by 26.5% to Rs 2545.52 crores as compared to Rs 2011.68 crores for FY 06 – 07. EBIDTA for the year als

  • Samsung to effect 5% price increase on its LCD Monitors

    30th June, 2008 18:16

    Samsung India announced its plans to effect a 5% price increase on its LCD Monitors. This price increase, which will range from Rs 250 to Rs 500 across the Samsung

  • No extension for arrear payments to UP sugar mills: SC 

    30th June, 2008 18:13

    The Supreme Court has refused to grant extension to UP sugar mills for payment of arrears. It did not come as a surprise and is not so much of a negative also.

  • See complete capitulation in mkts: Rada Advisors 

    30th June, 2008 18:08

    Nitin Raheja, CIO, Rada Advisors sees signs of complete capitulation taking place in the markets. "I see hopelessness around. These are all very telltale signs of

  • Rupee, bonds end lower

    30th June, 2008 17:58

    The spot rupee ended lower at Rs 43.03 per USD as against its previous close of Rs 42.87. The widely trraded 8.24%, 2018 paper closed lower at Rs 97.03 as against

  • Sold 535 NELP VII data packages for Rs 85cr: Govt 

    30th June, 2008 17:41

    The government said that it has sold 535 Nelp VII data packages for Rs 85 crore and received bids for 27 of 39 relinquished blocks. It has received 181 for 45 oil

  • GHCL now a fair trade certified organisation

    30th June, 2008 17:31

    GHCL now a fair trade certified organisation. GHCL, A $700 million multi product transnational company, operating under the domain of retail, home textiles and

  • FIIs sell USD 2.40 bn in equity in June

    30th June, 2008 17:24

    It seems that in the month of June, Foreign Institutional Investors are keen to offload their investment from Indian equity. In June they have been remained net se

  • Plethico plans to trim CRAMS business

    30th June, 2008 17:20

    Plethico Pharmaceuticals is looking at trimming its Contract Research and Manufacturing Services business as low margins are being further squeezed due to higher i

  • HP ProCurve launches Gigabit solution for SMBs

    30th June, 2008 17:12

    HP ProCurve Networking launched two affordable Gigabit Ethernet switches for small and medium businesses that need increased network performance for large file tra

  • Impetus sponsors Agile NCR'S 1st Community Event

    30th June, 2008 17:01

    Impetus sponsors Agile NCR'S first Community Event. The event saw the presence of around 100 technology enthusiasts with their insatiable desire of learning and sh

  • Severe crack in cement stocks

    30th June, 2008 16:56

    Cement stocks slide further in today’s trade, where broader indices Sensex and Nifty fell over 2%. Several cement stocks have touched their 52-week lows in today's

  • Chambal Fertilisers has support at Rs 60-62: Mohindar 

    30th June, 2008 16:49

    Rahul Mohindar of Viratechindia is of the view that Chambal Fertilisers and Chemicals has support at Rs 60-62.

  • Unity Infraprojects PAT up by 80% to Rs 202mn

    30th June, 2008 16:41

    Unity Infraprojects’ total income for FY 2008 stood at Rs 8624 mn, up 56% from Rs 5536 mn in FY 2007. PAT for FY 2008 stood at Rs 600 mn, up 42% from Rs 423 mn in

  • BHEL gets Rs 2,080 cr Syria power plant order

    30th June, 2008 16:38

    Bharat Heavy Electricals Limited, or BHEL, has got a Rs 2,080 crore order from a Syria Power Plant, reports CNBC-TV18. The company said it will set up a 400mw ther

  • Buy Gujarat State Petronet: Anagram

    30th June, 2008 16:34

    Anagram Research has recommended a buy rating on Gujarat State Petronet. At CMP of Rs 56, the stock is trading at 15x its FY10E EPS of Rs 3.8 and 12x its FY11E EPS

  • Pyramid Saimira Grp reports annual turnover of Rs 1062cr

    30th June, 2008 16:24

    PSTL’s turnover for the year ending 31.3.08 stood at Rs 749.31 crores with a PAT of Rs 57.87 crores, as against corresponding figures of Rs 164.76 crores and Rs 1

  • TVS Motor FY08 cons net loss of Rs 28.25 cr

    30th June, 2008 16:20

    TVS Motor has decalred its FY08 results. The company's FY08 consolidated net sales stood at Rs 3270.55 crore versus Rs 3918.08 crore.

  • Buy Tata Steel, target of Rs 875: Angel

    30th June, 2008 16:09

    Angel Broking has upgraded its rating on Tata Steel from neutral to buy with a target price of Rs 875. At the CMP of Rs 727, Tata Steel is trading at a P/E of 7.6x

  • Virtusa named “Best U.S. Technology Company” in India

    30th June, 2008 16:00

    Virtusa Corporation has been recognized as the Best U.S. Technology, Communications and Entertainment company in India by the Indo-American Chamber of Commerce, th

  • Pfizer Q2 net profit at Rs 37.92 cr

    30th June, 2008 15:55

    Pfizer has declared its second quarter results. The company's Q2 net profit was at Rs 37.92 crore versus Rs 257.76 crore, YoY.

  • Want to become a successful manager? Ask Nandan Nilekani 

    30th June, 2008 15:47

    Nandan Nilekani, Co-Chairman – Infosys said the desire was to create a company that was different from multinationals and put the employee at the center of it. He

  • WiZiQ.com to broadcast the introductory workshop on Agile

    30th June, 2008 15:35

    Agile software development is creating a buzzword in Software Development Community. It is a creative framework that anticipates the need for flexibility and appli

  • Nifty futures adds 33 lakh shares in open interest 

    30th June, 2008 15:25

    The Nifty futures added nearly 33 lakh shares in open interest in open interest and that primarily coming in last one hour of trade when the Nifty slipped below th

  • Anagram neutral on Idea Cellular

    30th June, 2008 15:22

    Anagram Research has given a neutral rating to Idea Cellular. The deal is positive for the Shareholders of Spice as the deal struck at a substantial premium as co

  • NALCO leads gainers on Nifty

    30th June, 2008 15:14

    NALCO is top gainer on the Nifty. At 3:04 pm, the share was quoting at Rs 347.15, up Rs 14.35, or 4.31%. It has touched an intraday high of Rs 351.75 and an intrad

  • Essar Oil decline sharply

    30th June, 2008 15:05

    At 2:55 pm, Essar Oil was quoting at Rs 176.45, down Rs 22.45, or 11.29%. It has touched an intraday high of Rs 202.20 and an intraday low of Rs 176.05. It was tra

  • Patni appoints Kimmo Solla to meet demand for PES in Europe

    30th June, 2008 14:58

    Patni Computer Systems announced the appointment of Kimmo Solla as Vice-President and Head of Patni’s Product Engineering Services practice for the EMEA region.

  • Cipla a good investment buy: Mohoni 

    30th June, 2008 14:53

    Technical Analyst, Deepak Mohoni is of the view that Cipla is a good investment buy. During market declines it was sideways and during market rallies it does rally

  • DLF hits 52-week low

    30th June, 2008 14:41

    DLF has touched a 52-week low of Rs 397.10 At 2:31 pm the share was quoting at Rs 397.90, down Rs 26.3, or 6.2%. It was trading with volumes of 914,970 shares. On

  • Buy UTV Software, target of Rs 928: Prabhudas Lilladher

    30th June, 2008 14:36

    Prabhudas Lilladher has maintained its buy rating on UTV Software Communications with a target price of Rs 928. The scrip has a downside protection with the delay

  • Downside risk to continue in mkts: Birla Sun Life MF 

    30th June, 2008 14:27

    A Balasubramanian, CIO, Birla Sun Life feels that currently the market sentiment is weak. "Probably you could see some more downside risk. Any significant fall fro

  • India Infoline sees an earnings downgrade this qtr 

    30th June, 2008 14:27

    Amar Ambani, Head of Research, India Infoline expects an earnings downgrade soon. He sees only a 14-15% growth not more.

  • Ambuja Cements touches 52-week low

    30th June, 2008 14:24

    Ambuja Cements has touched a 52-week low of Rs 75. At 2:17 pm, the share was quoting at Rs 75.50, down Rs 5.75, or 7.08%. It was trading with volumes of 491,407 sh

  • Block deal in HCL Tech, stock down

    30th June, 2008 14:19

    At 2:10 pm, HCL Technologies was quoting at Rs 246, down Rs 7.05, or 2.79%. It has touched an intraday high of Rs 260 and an intraday low of Rs 241.50. There was a

  • HDIL declines 7.14%

    30th June, 2008 14:17

    HDIL has touched a 52-week low of Rs 397.05. At 2:08 pm, the share was quoting at Rs 400.60, down Rs 30.8, or 7.14%. It was trading with volumes of 590,110 shares.

  • Rei Agro FY08 net profit up at Rs 109.11 cr

    30th June, 2008 14:10

    Rei Agro has decalred its FY08 and fourth quarter results. The company's FY08 net sales were at Rs 1853.75 crore from Rs 1085.14 crore.

  • Cairn a good defensive play: India Infoline

    30th June, 2008 14:01

    Amar Ambani, Head of Research at India Infoline is of the view that Cairn India is a good defensive play at current level. There are a lot of positives going for C

  • India Cements announces result, stock down

    30th June, 2008 14:00

    India Cements has touched a 52-week low of Rs 134.90. At 1:57 pm, the share was quoting at Rs 135.10, down Rs 11.55, or 7.88%. The company's Q4 net profit at Rs 10

  • APC by Schneider Electric announces Double Pay Power Scheme

    30th June, 2008 13:45

    APC by Schneider Electric announces ‘Double Pay Power’ Scheme for the channel partners

  • Salesforce Summer '08 is Live

    30th June, 2008 13:19

    Salesforce Summer '08 Now Live - Bringing the Power of Cloud Computing to the Enterprise

  • Hold cash, buy stocks not sectors: Kotak Mahindra Cap 

    30th June, 2008 13:12

    Shanti Ekambaram, Director, Kotak Mahindra Capital, said investors should hold cash and wait on the sidelines. "One would get opportunities. It gets more stock spe

  • Matrix Laboratories gains smartly

    30th June, 2008 13:00

    At 12:57 pm, Matrix Laboratories was quoting at Rs 147, up Rs 5.75, or 4.07%. It has touched an intraday high of Rs 149 and an intraday low of Rs 140.30. It was tr

  • Bajaj Hindusthan loses sweetness

    30th June, 2008 12:59

    At 12:50 pm, Bajaj Hindusthan was quoting at Rs 173, down Rs 3.55, or 2.01%. It has touched an intraday high of Rs 181.70 and an intraday low of Rs 171.60. Supreme

  • Core Projects approves ADR / GDR issue, stk up

    30th June, 2008 12:53

    At 12:44 pm, Core Projects was quoting at Rs 176.80, up Rs 2.65, or 1.52%. The company board has approved ADR / GDR / FCCB / QIP issue up to USD 500 mn, reports CN

  • Buy Parekh Aluminex, target of Rs 215: Prabhudas Lilladher

    30th June, 2008 12:50

    Prabhudas Lilladher has maintained its buy rating on Parekh Aluminex with a target price of Rs 215. Prabhudas Lilladher expects the company to report 35% CAGR in n

  • SREI Infra Finance bounces back

    30th June, 2008 12:49

    At 12:40 pm, SREI Infrastructure Finance was quoting at Rs 89.20, up Rs 4.30, or 5.06%. It has touched an intraday high of Rs 89.90 and an intraday low of Rs 83.70

  • ACC top loser on Nifty

    30th June, 2008 12:43

    ACC is top loser on the Nifty. It has touched a 52-week low of Rs 549.05. At 12:39 pm, the share was quoting at Rs 551.10, down Rs 28.6, or 4.93%. It was trading w

  • PNB touches 52-week low

    30th June, 2008 12:36

    Punjab National Bank, PNB has touched a 52-week low of Rs 381.60. At 12:26 pm, the share was quoting at Rs 384.70, down Rs 18.55, or 4.6%. It was trading with volu

  • Zenith Software forays into Scandinavian market

    30th June, 2008 12:30

    Zenith Software Limited, an IT and ITES service provider, has announced its plans to foray into the Scandinavian market through a partnership with Norway based Sof

  • Avoid Birla Cotsyn IPO: Hem Securities

    30th June, 2008 12:26

    Birla Cotsyn (India)'s issue has opened for subscription with its initial public offering (IPO) of Rs 1441.80 million. Hem Securities has come out with a report on

  • Yes Bank raises Rs 364cr from Rabobank

    30th June, 2008 12:23

    YES BANK, India’s new age private sector Bank, announced that it has successfully raised INR 364 crore (USD 85 million) in a combination of Upper Tier II Subordina

  • Deccan Chronicle surges on good result

    30th June, 2008 12:11

    At 12 pm, Deccan Chronicle Holdings was quoting at Rs 115, up Rs 3.30, or 2.95%. It has touched an intraday high of Rs 117.80 and an intraday low of Rs 109.50. The

  • Sun Pharma in good health

    30th June, 2008 12:04

    At 11:55 am, Sun Pharmaceutical Industries was quoting at Rs 1,374.10, up Rs 40.55, or 3.04%. It has touched an intraday high of Rs 1,378.95 and an intraday low of

  • Below Rs 720, Tata Steel can test Rs 650: Thakkar

    30th June, 2008 12:01

    Mitesh Thakkar of Edelweiss Capital is of the view that below Rs 720, Tata Steel can test Rs 650. On Bharti, the key support level is Rs 708, and below that there

  • Expect 15-20% fall in ITC, HUL: Thakkar

    30th June, 2008 11:55

    Mitesh Thakkar of Edelweiss Capital is of the view that one could expect 15-20% fall in ITC, HUL. The FMCG heavyweights are looking very weak.

  • BPCL among major losers

    30th June, 2008 11:48

    BPCL is among major losers on the Nifty. It has touched a 52-week low of Rs 237.20. At 11:44 am, the share was quoting at Rs 237.50, down Rs 10.25, or 4.14%.

  • Pyramid Saimira Q4 PBT at Rs 18 cr

    30th June, 2008 11:37

    Pyramid Saimira Theatre has declared its fourth quarter results. The company's Q4 PBT at Rs 18 crore versus Rs 6 crore.

  • HDFC top loser on the Nifty

    30th June, 2008 11:22

    HDFC is the top loser on the Nifty. At 11:19 am, the share was quoting at Rs 1,960, down Rs 92.4, or 4.5%. It was trading with volumes of 501,685 shares. On Friday

  • Cairn an excellent pick: Vijay

    30th June, 2008 11:12

    Portfolio Manager, PN Vijay is of the view that Cairn at this level would be an excellent pick in the oil and energy sector.

  • Buy Nitin Fire, target of Rs 503: Karvy

    30th June, 2008 11:09

    Karvy Stock Broking has mainatined its buy rating on Nitin Fire Protection Industries with a revised target price of Rs 503. Nitin Fire reported disappointed set o

  • Quintegra Sol approves pref issue upto $100mn, stk down

    30th June, 2008 11:04

    Quintegra Solutions has touched a 52-week low of Rs 54.50. At 10:55 am, the share was quoting at Rs 55, down Rs 2.05, or 3.59%. The company board has approved pref

  • Kernex Microsystems FY08 net profit at Rs 4.35 cr

    30th June, 2008 11:00

    Kernex Microsystems has announced its Q4FY08 results. The company's Q4 net profit was down at Rs 17 lakh versus Rs 87 lakh.

  • Buy Balrampur Chini at Rs 75: Bose 

    30th June, 2008 10:51

    Technical Analyst, Rajat K Bose is of the view that one can buy Balrampur Chini Mills at Rs 75.

  • Indian GDRs: Tata Motors slips 6.4%, SBI down 5.6%

    30th June, 2008 10:46

    Indian GDRs: Tata Motors, SBI, ICICI Bank, Grasim, Ranbaxy and Sterlite plunges.

  • Deccan Chronicle FY08 net profit at Rs 304 cr

    30th June, 2008 10:31

    Deccan Chronicle Holdings has announced its FY08 results. The company's FY08 net profit was at Rs 304 crore.

  • Mkts to stay rangebound till Dec: Motilal Oswal 

    30th June, 2008 10:24

    Dhiraj Agarwal of Motilal Oswal believes most of the bad news is in the open and downside looks limited. Inflation is the biggest worry for mkts with no signs of c

  • Nifty may slip to 4106: Asit C. Mehta

    30th June, 2008 10:18

    According to Asit C. Mehta Morning Report, for the short-term, the downward targets for the Nifty are 4106, 4002 and then 3961.

  • Pyramid Saimira moves up smartly

    30th June, 2008 10:13

    Pyramid Saimira has moved up today. At 10:05 am, the share was quoting at Rs 243.80, up Rs 7.15, or 3.02%. It was trading with volumes of 19,186 shares. On Friday

  • Cairn India top gainer on the Nifty

    30th June, 2008 10:10

    Cairn India is the top gainer on the Nifty. At 10:01 am, the share was quoting at Rs 282.70, up Rs 7.60, or 2.76%. It was trading with volumes of 349,596 shares. O

  • Unity Infra Q4 PAT at Rs 20.24 cr

    30th June, 2008 10:05

    Unity Infraprojects has declared its results for the quarter ended March 2008 (Q4). The company's Q4 PAT was at Rs 20.24 crore versus Rs 11.25 crore on YoY basis a

  • Unitech loses further ground

    30th June, 2008 09:59

    Unitech has continued to fall. At 09:56 am, the share was quoting at Rs 177.35, down Rs 5.45, or 2.98% on the Nifty. It was trading with volumes of 55,707 shares.

  • Nifty has support at 4119/4093: Hem

    30th June, 2008 09:51

    According to Hem Securities Morning Note, Nifty is having resistance at 4189/4243 while Support is at 4119/4093 levels.

  • Nifty July Futures add 3.74 lakh shares in OI 

    30th June, 2008 09:50

    Nifty July Futures added 3.74 lakh shares. Nifty Call added 25.95 lakh shares in OI. Activity seen in 4000 & 4200 Call. Nifty Put added 21 lakh shares in OI. 4000

  • Accumulate Genus Power, target of Rs 411: Anagram

    30th June, 2008 09:46

    Anagram Research has recommended an accumulate rating on Genus Power Infrastructures with a target price of Rs 411. The stock is available at extremely attractive

  • Go long if Nifty Fut trades above 4,016: Rajat Bose 

    30th June, 2008 09:37

    Technical Analyst Rajat Bose of rajatkbose.com said if the Nifty Futures were to trade abve 4016, then he would go long. On spot, he would watch out for 4,093 leve

  • Jet Airways a market performer: Prabhudas Lilladher

    30th June, 2008 09:27

    Prabhudas Lilladher has downgraded its rating on Jet Airways with a target price of Rs 610. The company expects domestic operations to grow at about 10-12%, while

  • Select stocks to improve today

    30th June, 2008 09:04

    European markets were mixed on Friday, while the US indices declined after rallying initially. However, Asian markets are up this morning after starting in the red

  • IT, FMCG, pharma spared in bear run

    30th June, 2008 09:00

    Indian equity markets are passing through a rough patch. In 2008, broader indices Sensex and Nifty both have lost over 32%. Among the sectoral indices, realty ind

  • Sejal Architectural to list on July 1

    30th June, 2008 08:56

    Sejal Architectural Glass, a glass processing house in India, will list on the bourses with its initial public offering of 9,194,155 equity shares of Rs 10 each on

  • Further weakness possible

    30th June, 2008 08:55

    The overall strategy still remains to exit on a rally to Weekly resistance levels. Expect lower range of 13518-12739 to be tested during the week if the downside m

  • Rising oil, political uncertainty thrash mkts; Realty dn 7%

    30th June, 2008 08:53

    It was a sharp cut across the sectors on the back of rising crude oil price, political uncertainty and institutional selling. Rate sensitive sectors like realty, b

  • Crude hits yet another all time high of $ 143.67/bbl

    30th June, 2008 08:52

    Prices hit yet another record high, above USD 143 per barrel. But it gave up some of these gains on profit-booking. The surge came as traders bought the commodity

  • Birla Cotsyn IPO opens for subscription

    30th June, 2008 08:50

    Birla Cotsyn (India), a company of the Yash Birla Group, engaged in textile manufacturing, will open for subscription today with an IPO of Rs 144.18 crores.

  • Equity calls: Kumar, Bhamre 

    30th June, 2008 08:45

    The market is being driven by sentiment and news flows instead of fundamentals. This is a great opportunity to buy but investors are waiting for the market to stab

  • Buy MCX August Gold at Rs 12720-12750

    30th June, 2008 08:40

    In case of gold, one could buy MCX August at Rs 12,720-12,750 per 10 grams with a target of Rs 12,850 per 10 grams, says Mathur.

  • Cairn, ONGC plans for gas fields nearing completion

    30th June, 2008 08:36

    Cairn India and ONGC (Oil and Natural Gas Corporation) have near-finalised the plan for joint development of Ambe and North Tapti offshore marginal gas fields in t

  • Polaris chief sees 27% dip in gross salary

    30th June, 2008 08:33

    Mr Arun Jain, Founder, Chairman and Chief Executive Officer of Polaris Software Lab Ltd, saw his gross remuneration come down by 27% to Rs 85 lakh in 2007-08 compa

  • TNPL re-invites bids for Ambattur land

    30th June, 2008 08:28

    After receiving a lukewarm response for its bids last year, the Tamil Nadu Newsprint and Papers Ltd (TNPL), for the second time, has invited bids from property dev

  • Asian markets end lower

    30th June, 2008 08:26

    Asian markets ended lower. China's Shanghai Composite declined 0.45% or 12.33 points at 2,736.10. Taiwan Weighted lost 0.33% or 25.22 points at 7,523.54. South Kor

  • HDFC raises home loan rates by 50 bps 

    30th June, 2008 20:58

    India's second largest private sector bank, HDFC has raised home loan rates by 50 bps from July 1. Fixed home loan rates are to be priced at 14%. It has raised dep

  • Oil prices to touch $170/bbl in few weeks: OPEC  

    30th June, 2008 20:33

    India's proposal at Jeddah for a price band has not impressed OPEC. OPEC President Chakib Khelil feels that oil prices are going to go up to about USD 170 per barr

  • PM jibes Left, says CPM warning is nothing new 

    30th June, 2008 20:28

    With the Government giving out signs that it is ready to go ahead with the Indo-US Nuclear Deal, the Left has hardened its stand and may pull out of the Congress-l

  • SAT sets aside Karvy order of Sebi in IPO scam 

    30th June, 2008 19:53

    SAT sets aside Karvy order of SEBI in IPO scam, which held on June 22, 2007. On June 22, 2008, SEBI suspended Karvy Broking’s operation for 3 months and prevented

  • Lotus AMC sees prolonged bear mkt in India 

    30th June, 2008 19:49

    Ajay Bagga, CEO, Lotus Asset Management, said investors should sit on the sidelines and wait this out. "I don't think this is going to be a short timewise correcti

  • Usha Martin signs agreement to explore minerals

    30th June, 2008 19:34

    Usha Martin signs agreement to explore for minerals in the State of Jharkhand

  • Speculation not behind high oil prices: Shell

    30th June, 2008 19:23

    Jeroen Van der Veer, CEO, Shell, said one cannot say that high oil prices are the result of speculators in financial markets. "Tensions over future demand-supply m

  • 423 stocks hit 52-week low in today's trade

    30th June, 2008 19:21

    Markets are totally under a bear grip as it continues to break its psychological levels very quickly. Today, the Sensex closed below the April 2007 low. In this st

  • Jai Balaji's total revenue at Rs 1347.28cr

    30th June, 2008 19:11

    Jai Balaji's total revenue was Rs. 1,347.28 crore, representing an increase by 29.7% as compared with that of financial year 2006-07. The Net Profit saw a signific

  • Kamdhenu’s total income growth recorded at 23%

    30th June, 2008 18:58

    Kamdhenu Ispat Ltd., India’s leading brand in steel, construction and housing sector, attaining a 23 percent growth in the financial year 2007-08 outcomes, has pos

  • See more bond auctions later this year: Axis Bank 

    30th June, 2008 18:42

    RVS Sridhar, Senior Vice President Treasury, Axis Bank, said it would convey too much of negativity to the market if the dollar-rupee were to fly off the Rs 43 dol

  • Maytas Infra reports net profit of Rs 99.64cr

    30th June, 2008 18:24

    Maytas Infra Limited has reported a turnover of Rs.1, 637 crores for the year as against Rs. 601 crores, registering a growth of 172% over the previous year and an

  • See crude trading in $158-165/bbl range: Microsec Commerze 

    30th June, 2008 18:16

    Shamik Bhose, Advisor-Commodity Markets, Microsec Commerze, expects crude to trade in USD 158-168 per barrel range. "After the Jeddah meeting last week, the market

  • SQL Star Int'l sales up by 52%

    30th June, 2008 18:09

    SQL Star International Limited has announced its audited financial results for the year ended 31st March 2008. The performance for this financial year has been exc

  • Current account deficit in Jan-Mar at $1.04 bn

    30th June, 2008 18:01

    For the first time in three years, India posted a current account deficit in the January-March quarter. It was a small deficit of USD 1.04 billion but compares wit

  • Idea’s new campaign puts spotlight on ‘education for all’

    30th June, 2008 17:57

    Idea Cellular, a leading telecom service provider, has launched another champion theme as a part of its ongoing Brand Campaign with a spotlight on “education for a

  • L&T gets Rs 1557cr order from APPDCL

    30th June, 2008 17:39

    Larsen & Toubro Limited, India’s leading engineering, technology and Construction Company, has received a Letter of Intent for Rs 1557 crore for the Steam Turbine

  • Mahindra World City signs MoU with Vamani Overseas

    30th June, 2008 17:29

    Mahindra World City, Jaipur signed Memorandum of Understanding with Vamani Overseas to set-up a 4 acre campus in Mahindra World City, Jaipur’s handicraft zone.

  • Vijaya Bank to raise deposit rates by 20-50 bps

    30th June, 2008 17:21

    Vijaya Bank said that it will raise deposit rates by 20-50 bps from Tuesday. The hike will be on 180-364 day deposits and one to less than two year deposits.

  • Exports to increase 30% this yr: REI Agro 

    30th June, 2008 17:18

    Sundip Jhunjhunwala, Vice-Chairman and Managing Director, REI Agro, said the company has already started exporting to West Asia, which is the largest consumer for

  • Datacraft: telepresence for global spiritual university

    30th June, 2008 17:07

    Datacraft, Asia’s leading independent IT services and solutions company, has been selected by a global spiritual university offering transcendental meditation and

  • Mkt wide circuit breaker for quarter July to Sept 2008

    30th June, 2008 17:01

    The Exchange implements on a quarterly basis the index based market wide circuit breaker system. The system is applicable at three stages of the index movement eit

  • Somi Conveyor Beltings fixed price IPO subscribed 1.9 times

    30th June, 2008 16:50

    The fixed price IPO of Somi Conveyor Beltings Ltd has been subscribed 1.92 times even when the stock markets are witnessing heavy selling pressure

  • Birla Cotsyn textile proj to be completed by FY10 end 

    30th June, 2008 16:49

    Yash Birla of Birla Cotsyn sees margins stabilizing around the 6-7% mark. He added that the integrated textile project is about Rs 320 crore and will be completed

  • SBI waives loans of Rs 7k cr to 25 lakh farmers

    30th June, 2008 16:38

    The deadline for implementing the govt's Rs 71,000 crore farm loan waiver scheme expires today and the country's biggest bank - SBI - has announced the details of

  • Deutsche Bank strengthens its equities team

    30th June, 2008 16:37

    Deutsche Bank strengthens its equities team with three new hires. Deutsche Bank today announced three key appointments in its subsidiary Deutsche Equities India Pr

  • Stay away from ITC, HUL: Mohindar 

    30th June, 2008 16:33

    Rahul Mohindar of Viratechindia is of the view that one should stay away from ITC, HUL.

  • 10-15% downside in IVRCL Infra, Gammon Ind: Mohindar  

    30th June, 2008 16:21

    Rahul Mohindar of Viratechindia is of the view that there is 10-15% downside in IVRCL Infrastructure and Projects and Gammon India.

  • Ramco wins Logistics order from Continental Carriers

    30th June, 2008 16:15

    Ramco Systems, a leading provider of Software products & services, today announced a breakthrough order-win from Continental Carriers Pvt Ltd, one of the India's l

  • Which are the stocks to watch out for? 

    30th June, 2008 16:08

    The nuclear impasse and skyrocketing crude prices dealt a double blow to the markets. Rahul Mohindar sees downside in IVRCL, Gammon, HDIL and Unitech. He is negati

  • Growth momentum to stay uncertain: Commerzbank 

    30th June, 2008 15:56

    Oliver Stoenner, Head of Emerging Markets at Commerzbank sees a lot of uncertainty about growth momentum for the coming months. He doesn't see much clarity on rede

  • Landmark expands footprint to Pune

    30th June, 2008 15:50

    Landmark Land Holdings Pvt. Ltd., the real estate investment arm of the Dalmia group, has made a foray into Hinjewadi, Pune. It has finalized a deal with Kumar Bui

  • AEGON Religare Life Insurance gets final approval from IRDA

    30th June, 2008 15:41

    AEGON Religare Life Insurance Company Limited has received the final approval – R3 license, from the Insurance Regulatory & Development Authority to operate in the

  • Simplex Infra's QoQ orderbook at Rs 10K cr 

    30th June, 2008 15:33

    Amitabh Mundhra, Director, Simplex Infrastructures said the numbers in this quarter were healthy in terms of topline and bottomline. He sees a continuation of this

  • EBITDA to grow above 30%: Indo Rama Synthetics 

    30th June, 2008 15:23

    OP Lohia, CMD, Indo Rama Synthetics said that EBITDA will definitely grow by more than 30%. He told CNBC-TV18 that they have had 25% growth in the current year.

  • Indiatimes Travel adds 20,000 international hotels

    30th June, 2008 15:20

    Indiatimes continues with its tradition of redefining the way in which people travel by offering another first in international travel. After a plethora of popular

  • Hikal commissions new agro chemical plant at Taloja

    30th June, 2008 15:08

    Hikal Ltd. announced the inauguration of their new Multipurpose Agrochemical plant. The plant is located at the company’s existing manufacturing facility at Taloja

  • Bharti, BHEL, ICICI Bk in CLSA Best & Brightest 

    30th June, 2008 15:04

    CLSA Best & Brightest Companies features Bharti due to its scale, management and innovative products. It includes BHEL due to its cost competitiveness, products in

  • Buy Tulip Telecom, tgt Rs 1317: Prabhudas Lilladher

    30th June, 2008 14:56

    Prabhudas Lilladher has maintained it buy rating on Tulip Telecom with a target price of Rs 1317. Prabhudas Lilladher is quite upbeat about the company’s revenue f

  • Nestle India moves up

    30th June, 2008 14:51

    At 2:42 pm, the share was quoting at Rs 1,655.05, up Rs 55.55, or 3.47%. It has touched an intraday high of Rs 1,662 and an intraday low of Rs 1,601. It was tradin

  • See order book of Rs 4k cr in FY09: Unity Infraprojects 

    30th June, 2008 14:37

    Yogen Lal, Unity Infraprojects, expects to close the year with a net order book of around Rs 4,000 crore. The company will be bidding for a diverse range of proje

  • Prices to remain stable: India Cements 

    30th June, 2008 14:35

    N Srinivasan, Vice Chairman and MD of India Cements said cement prices range between Rs 213 in Andhra Pradesh to about Rs 265 to Rs 270 in Karnataka, Tamil Nadu an

  • Chambal Fertilisers continues to slide

    30th June, 2008 14:27

    At 2:19 pm, Chambal Fertilisers and Chemicals was quoting at Rs 68.35, down Rs 6.5, or 8.68%. It has touched an intraday high of Rs 75.70 and an intraday low of Rs

  • Time Technoplast targets FY09 sales above Rs 1,000cr 

    30th June, 2008 14:25

    Time Technoplast's FY08 net sales stood at Rs 681 crore while PAT came in at Rs 87 crore. Anil Jain, MD, Time Technoplast, said the company is targeting above Rs 1

  • RNRL dips further

    30th June, 2008 14:20

    RNRL has continued to fall. At 2:12 pm, the share was quoting at Rs 67, down Rs 5.35, or 7.39%. It was trading with volumes of 10,298,030 shares. On Friday the sha

  • Crude to see $148/bbl in immediate term: Anand Rathi Comm  

    30th June, 2008 14:17

    Kishore Narne, Anand Rathi Commodities feels that crude is heading towards USD 148/bbl in the immediate-term. "Probably in the medium-term there is not any fundame

  • Berger Paints flares up

    30th June, 2008 14:11

    At 2:01 pm, Berger Paints India was quoting at Rs 38.05, up Rs 1.55, or 4.25%. It has touched an intraday high of Rs 38.60 and an intraday low of Rs 36.55. It was

  • Buy ITC: India Infoline

    30th June, 2008 14:08

    Amar Ambani, Head of Research at India Infoline is of the view that one can buy ITC. There seems to be some weakness technically on the charts. But it looks like a

  • BHEL bags order, stock gain

    30th June, 2008 14:00

    At 1:51 pm, Bharat Heavy Electricals, BHEL was quoting at Rs 1,397.40, up Rs 16.95, or 1.23%. It has touched an intraday high of Rs 1,426 and an intraday low of Rs

  • India Cements FY08 net profit up at Rs 637 cr

    30th June, 2008 13:51

    India Cements has announced its fourth quarter and FY08 results. The company's Q4 net profit at Rs 104 crore versus Rs 140 crore.

  • Reliance Infra among major losers

    30th June, 2008 13:35

    Reliance Infrastructure is among major losers on the Sensex. At 1:27 pm, the share was quoting at Rs 825.10, down Rs 61.4, or 6.93%. It was trading with volumes of

  • Kernex Micro sees Rs 150- 180 cr toplline in FY09 

    30th June, 2008 13:15

    Kernex Microsystems has announced its Q4FY08 results. The company's Q4 net profit was down at Rs 17 lakh versus Rs 87 lakh.

  • MapInfo Professional 9.5 Features enhanced Data Creation

    30th June, 2008 13:10

    MapInfo Professional® 9.5 Features Enhanced Data Creation and Database Interoperability

  • PTC, Mitcon e-school to train engg students in Maharashtra

    30th June, 2008 13:00

    PTC, the Product Development Company®, announced that MITCON e-school has been appointed “Authorized Training Partner” by PTC for training students in Maharashtra

  • Block deal in Federal Bank, stock up

    30th June, 2008 12:54

    At 12:45 pm, Federal Bank was quoting at Rs 188.50, up Rs 4.50, or 2.45%. It has touched an intraday high of Rs 189 and an intraday low of Rs 181. There was a bloc

  • GSPL sees 50% increase in FY09 volumes 

    30th June, 2008 12:51

    Manish Sheth, CFO, Gujarat State Petronet said by year-end, he expects 50% increase in volumes. Volumes will go up as two major contracts come online; the torrent

  • Next 18-24 mths crucial for real estate sector:Anuj Puri

    30th June, 2008 12:50

    Next 18-24 months crucial for the Real Estate Sector: Anuj Puri at CII Conference on Indian Real Estate 2020

  • Hold RIL, says A Madan 

    30th June, 2008 12:45

    Ashu Madan, National Head of Religare is of the view that one can hold Reliance Industries.

  • BIG 92.7 FM launches ‘Astha Chamma’

    30th June, 2008 12:39

    BIG 92.7 FM has exhaustive on-air and on-ground plans for ‘Astha Chamma’ in order to create unprecedented buzz. BIG 92.7 FM has started the promotion of the movie

  • India Cements Q4 PAT seen up 28.5% at Rs 180 cr

    30th June, 2008 12:35

    India Cements is to announce its Q4FY08 numbers. According to CNBC-TV18 estimates, the company is expected to post profit after tax, PAT of Rs 180 crore as against

  • BSEL Infra FY08 cons net profit up at Rs 112 cr

    30th June, 2008 12:27

    BSEL Infra has decalred its FY08 results. The company's consolidated net profit was up at Rs 112 crore versus Rs 76.90 crore.

  • Gwalior Chemical witnesses buying interest

    30th June, 2008 12:24

    At 12:16 pm, Gwalior Chemical Industries was quoting at Rs 122.65, up Rs 5.65, or 4.83%. It has touched an intraday high of Rs 126.95 and an intraday low of Rs 116

  • Pyramid Saimira expects FY09 growth at 40% 

    30th June, 2008 12:20

    Pyramid Saimira Theatre has declared its fourth quarter results. The company's Q4 Profit Before Tax or, PBT at Rs 18 crore versus Rs 6 crore. Its sales were at Rs

  • Hotel Leela Venture a market performer: India Infoline

    30th June, 2008 12:10

    India Infoline has downgraded its rating on Hotel Leela Venture to market performer with a target price of Rs 41. India Infoline estimates sales and profit CAGR of

  • Sun TV FY08 cons net profit at Rs 326.69 cr

    30th June, 2008 12:01

    Sun TV Network has declared its consolidated FY08 results. The company's FY08 onsolidated net profit was at Rs 326.69 crore versus Rs 246.09 crore.

  • Areva T&D advances 5.4%

    30th June, 2008 11:58

    At 11:49 am, Areva T&D was quoting at Rs 1,300.10, up Rs 66.70, or 5.41%. It has touched an intraday high of Rs 1,325.90 and an intraday low of Rs 1,255. It was tr

  • IBN18 Broadcast back on track

    30th June, 2008 11:51

    At 11:43 am, IBN18 Broadcast was quoting at Rs 90.10, up Rs 6.90, or 8.29%. It has touched an intraday high of Rs 91.80 and an intraday low of Rs 83. It was tradin

  • Tata Motors gears down

    30th June, 2008 11:37

    Tata Motors has touched a 52-week low of Rs 430.15.At 11:28 am the share was quoting at Rs 431, down Rs 18.1, or 4.03%. It was trading with volumes of 39,413 share

  • ICICI Bank touches 52-week low

    30th June, 2008 11:34

    ICICI Bank has touched a 52-week low of Rs 631.90. At 11:25 am, the share was quoting at Rs 632.05, down Rs 21.05, or 3.22%. It was trading with volumes of 316,042

  • Larsen bags order, stock gains

    30th June, 2008 11:15

    At 11:07 am, L&T was quoting at Rs 2,290, up Rs 22.85, or 1.01%. The company has bagged order worth Rs 1,557 crore, reports CNBC-TV18. It was trading with volumes

  • RBI not to act before July 29 policy meet: JPM 

    30th June, 2008 11:09

    David Fernandez of JP Morgan feels that the current macro environment is not conducive for investors. According to him the Central Bank is behind the curve in tack

  • Block deal in Tube Investments, stk up 9%

    30th June, 2008 11:08

    At 11 am, Tube Investments was quoting at Rs 45, up Rs 3.70, or 8.96%. There was a block deal of 78.7 lakh Tube Investment shares on NSE at Rs 42.50 per share, rep

  • Jupiter Bio up 5.6% on acquisition news

    30th June, 2008 11:00

    At 10:52 am, Jupiter Bioscience was quoting at Rs 124.15, up Rs 6.60, or 5.61%. The company has acquired Merks facility in Switzerland. They singed 5 year contract

  • Sobha Developers looks weak: Bose 

    30th June, 2008 10:57

    Technical Analyst, Rajat K Bose is of the view that Sobha Developers is looking weak.

  • More pain left; see Nifty bottom at 3700 levels: Edelweiss 

    30th June, 2008 10:49

    Mitesh Thakkar of Edelweiss Capital believes that the market is still in a downtrend and is now oversold close to support. According to Thakkar, the Nifty will se

  • Unitech has support at Rs 169-172: Bose 

    30th June, 2008 10:35

    Technical Analyst, Rajat K Bose is of the view that Unitech has support at Rs 169-172.

  • Tata Steel an underperformer: Karvy

    30th June, 2008 10:24

    Karvy Stock Broking has maintained its underperformer rating on Tata Steel with a target price of Rs 595. Corus has increased the HR coil price per tonne from £500

  • Buy Chambal Fertilisers at Rs 65-68: Bose 

    30th June, 2008 10:23

    Technical Analyst, Rajat K Bose is of the view that one can buy Chambal Fertilisers at Rs 65-68 with a target of Rs 85-90. Nagarjuna Fertilisers is showing some we

  • Indiabulls Real Estate continues to fall

    30th June, 2008 10:16

    Indiabulls Real Estate has continued to fall. At 10:08 am, the share was quoting at Rs 286.70, down Rs 9.9, or 3.34%. It has touched an intraday high of Rs 296 and

  • Expect Sensex to drop below 13K: India Infoline

    30th June, 2008 10:11

    According to India Infoline Daily Market Watch, we expect benchmark Sensex to see a drop below 13k levels in the near term.

  • This week may bring fortune for Mesh, Varshik rashi

    30th June, 2008 10:09

    According to Lt Col Ajay CEO astromoneyguru.com this week may bring fortune for Mesh and Varshik rashi, Singh Rashi may also be benefited during this week. Now sta

  • Jai Corp tumbles 4.5%

    30th June, 2008 10:00

    At 09:59 am, Jai Corp was quoting at Rs 299.90, down Rs 14.15, or 4.51%. It has touched an intraday high of Rs 329.70 and an intraday low of Rs 299. It was trading

  • Will Tatas keep promise of Rs 1 lakh car?

    30th June, 2008 09:52

    The cost of the 'Nano project' at the Singur plant in West Bengal has shot up to Rs 2,000 crore from its initial project cost of Rs 1000 crore. Infact, cost overhe

  • Nifty may correct upto 4065: Angel

    30th June, 2008 09:51

    According to Angel Broking Market Outlook report, if Nifty trades below 4190 for the first half-an-hour of trade then it may correct upto 4065.

  • Single-digit inflation crucial need of mkts: PN Vijay 

    30th June, 2008 09:46

    According to Portfolio Manager PN Vijay, the investors now need a change in the global sentiment, for them to start investing in markets. The gloom in markets is d

  • Brokers bullish on HDIL, Century Textile, Tata Steel

    30th June, 2008 09:40

    Brokerage houses are bullish on HDIL, Century Textile, Tata Steel, Reliance and Colgate.

  • Expect flat to negative opening: Karvy

    30th June, 2008 09:37

    According to Karvy Stock Broking Technical Analysis report, domestic indices may see a flat to negative opening.

  • Stocks could bounce: Anagram

    30th June, 2008 09:12

    According to Anagram Research report, stocks could bounce early in the morning and short covering can happen.

  • Rupee opens at Rs 42.90 per dollar

    30th June, 2008 09:02

    The Indian Rupee opened at Rs 42.90 per dollar versus Rs 42.88 Friday.

  • Nifty can come down to 3600: H Jain

    30th June, 2008 08:59

    Trend has reversed and Markets have entered in Bear Phase for atleast next 2 years. Nifty can come down to 3600 over next 6 to 9 months.

  • Money calls: Ramkumar, Sharma

    30th June, 2008 08:56

    The bond market is likely to be ranged today as it is the last day of the quarter and banks will have to value their balance sheet at today's price, says Ramkumar.

  • Mkts may see small trading upmove 

    30th June, 2008 08:55

    There has been a lot of gloom last week - inflation, crude prices and the added spice of political uncertainty because of which the markets tanked. Markets may see

  • Nifty has support at 3955: Gaba

    30th June, 2008 08:53

    The crucial support on the Sensex is at 13700 and the resistance to the up move is at 15620. On the Nifty front the crucial supports exists at 3955 and resistance

  • Support for Sensex at 13700-13411: Gaba

    30th June, 2008 08:50

    The support for the Sensex is at 13700-13411 and resistance to the up move at 14100.

  • Nifty likely to witness range of 4000-4245

    30th June, 2008 08:48

    The coming session is likely to witness a range of 4000 on declines and 4245 on advances. The Nifty spot will have to consistently trade above the 4240 levels if t

  • Stocks in news: TVS Motor, South Indian Bk, Core Projects

    30th June, 2008 08:41

    Stocks in news: TVS Motor has results today. South Indian Bank has board meet on on bonus issue. Core Projects board has approved ADR / GDR / FCCB / QIP issue up t

  • Asian mkts not yet bottomed out: Subodh Kumar 

    30th June, 2008 08:37

    Most of Asian markets are recovering. Subodh Kumar, Chief Investment Strategist of Subodh Kumar & Associates believes that the Asian markets have not bottomed out

  • F&O cues: Futures Open Int down by Rs 414 cr

    30th June, 2008 08:35

    F&O cues: Nifty Futures at 70 pts disc; add 3.75 lakh shares in Open Int. Futures Open Int down by Rs 414 cr, Option Open Int up by Rs 2409 crore.

  • Market cues: FIIs net sell $ 116.3 mn

    30th June, 2008 08:32

    Market cues: FIIs net sell $ 116.3 mn in equity.

  • Indian Oil gears up for Paradip refinery work

    30th June, 2008 08:26

    Indian Oil will initiate the process of appointing the project management contractor for setting up the Paradip refinery, early next month.

  • ONGC Videsh to surrender its Qatar block

    30th June, 2008 08:23

    ONGC Videsh Ltd (OVL) has decided to relinquish the Najwat Najem oil block in Qatar.

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