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Moneycontrol News Archive : 4 June, 2008

  • Anu's Labs sees FY09 revenues Rs 260 cr 

    4th June, 2008 22:34

    Anu’s Laboratories engaged in the manufacture of basic, advanced intermediates and fine chemicals and supplying them to various drug manufacturers, has opened at R

  • Save energy, save India: PM 

    4th June, 2008 21:20

    Prime Minister Manmohan Singh said a substantial burden is still being borne by the government and oil companies. He added that it was incumbent upon the state gov

  • Oil price hike: FMCG, steel cos to face brunt 

    4th June, 2008 20:20

    On one side prices for steel have been frozen temporarily because manufacturers have put their best foot forward in helping the government contain inflation. On th

  • Kingfisher reschedules flights due to Kolkata stir

    4th June, 2008 19:15

    Kingfisher has reschedules flights in response to a Kolkata strike call, reports CNBC-TV18. Flight IT-2541 from Kolkata to Agartala and flight IT-2542 from Agartal

  • Mkts may not retest March lows: HDFC Sec 

    4th June, 2008 19:09

    Sanju Verma, ED and Head of Institutional Business, HDFC Securities, said Nifty fell further as it broke below the strong support of 4,800. "The trend is likely to

  • Fuel price hike was unavoidable: K V Kamath

    4th June, 2008 18:57

    The price hike announced on Petrol, Diesel and LPG is on expected lines and was unavoidable said Mr K V Kamath, President, CII in a press release issued here today

  • India could end yr at lower levels: Morgan Stanley 

    4th June, 2008 18:44

    Jonathan Garner, Head-Emerging Markets Strategy, Morgan Stanley, said investors should be skeptical on countries like India, South Africa, and Turkey, which are oi

  • European mkts to remain volatile: BGC 

    4th June, 2008 18:31

    David Buick, Partner, BGC, said European markets are likely to remain volatile. "UK is in the grips of a very vicious credit crisis, the worst we have seen since 1

  • PM sets up high power committee for oil cos

    4th June, 2008 18:22

    Prime Minister Manmohan Singh has set up high power committee to examine financial status of oil companies. Former Cabinet Secretary BK Chaturvedi will head the co

  • Sejal Architect IPO opens on June 9, price band Rs 105-115

    4th June, 2008 18:07

    Sejal Architectural Glass, a glass processing house in India, will enter the capital market on June 9, 2008, with an initial public offering (IPO) of 91,94,155 equ

  • Experts see mkt touching 14k by July 

    4th June, 2008 18:00

    Deven Choksey of KR Choksey Securities said the market could touch 15,300 if it breaks 15,500. "Thereafter, we can slip below to as low as 14,700." Vikas Khemani o

  • WB cuts sales tax to 20%, other states in pipeline

    4th June, 2008 17:51

    The West Bengal government has cut sales tax on petrol to 20% from 25%, reports CNBC-TV18. Sales tax on diesel was reduced to 12.5% from 17.5%. The Kerala governme

  • Sejal Architectural IPO opens June 9, price band Rs 105-115

    4th June, 2008 17:45

    Sejal Architectural Glass Ltd. IPO opens on June 9, 2008 Price Band fixed between Rs. 105 and Rs. 115 per Equity Share. The Price Band has been fixed between Rs. 1

  • Experts see equipment supply constraint in power sector 

    4th June, 2008 17:34

    Vipul Tuli, Partner, McKinsey said the main issues for the power sector are addressing viability and market risks, increasing the physical pace of project executio

  • Emami Fair & Handsome- fairness cream for men for Rs 5/-

    4th June, 2008 17:30

    Emami Fair & Handsome – fairness cream for men for Rs.5/-. Emami Limited, the Rs 600 crore personal and healthcare FMCG major has launched Emami Fair & Handsome –

  • Experian launches Business Information Widget

    4th June, 2008 17:20

    Experian®, a global information services company, announced the launch of a new widget that includes business information from Experian’s robust commercial databas

  • Liquidity Adjustment Facility: Auction Results

    4th June, 2008 17:12

    Liquidity Adjustment Facility: Auction Results. The results of the RBI Repo/Reverse Repo auctions held on June 3, 2008.

  • Price hike marginal, govt loss colossal: Oil Min 

    4th June, 2008 16:56

    Petroleum Minister Murli Deora feels that the price hike is not steep. The steeped price is not more than market price, he said. The amount of money the government

  • Medium-term outlook for gold looks weak: Angel Commodities 

    4th June, 2008 16:47

    Naveen Mathur of Angel Commodities said, the medium-term outlook for gold looked weak, because of various economic reasons. He however feels that gold could be bo

  • Stocks to watch: Petronet LNG 

    4th June, 2008 16:43

    It was an extremely volatile session at the markets. The indices began weak, recovered after the fuel prices hike, but fell further after the European markets open

  • First Winner Industries IPO opens on June 9

    4th June, 2008 16:39

    First Winner Industries, proposes to enter the capital market on June 9, 2008, with an Initial Public Offering of 55,00,000 Equity Shares of Rs 10 each for cash at

  • Buy Sterlite Industries, target of Rs 953: Emkay

    4th June, 2008 16:28

    Emkay Research has maintained its buy rating on Sterlite Industries (India) with a target of Rs 953. Sterlite annoucned acquisition of ASARCO, American copper smel

  • CRISIL assigns 4/5 grade to IPO of Virgo Engineers

    4th June, 2008 16:15

    CRISIL has assigned a CRISIL IPO Grade "4/5" (pronounced "four on five") to the proposed initial public offer of Virgo Engineers Limited (VEL). This grade indicate

  • CRISIL assigns IPO grade 4/5 to Virgo Engineers

    4th June, 2008 16:13

    CRISIL has come out with a research report on Virgo Engineers' IPO. It has assigned a CRISIL IPO Grade 4/5 to the company's IPO. VEL aims to raise around Rs 1.8 -

  • Satyam earns SAP Pinnacle Award

    4th June, 2008 15:58

    Satyam Computer Services Ltd., a leading global business and information technology services provider, announced that it has earned an SAP® Pinnacle Award in the E

  • Oil price hike may fuel inflation to 9.5%: Kotak Sec 

    4th June, 2008 15:45

    Mridul Sagar, Chief Economist, Kotak Securities said the WPI(wholsale price index) could rise by a percentage point. The oil price hike should result to inflation

  • Nifty close to its support of 4450 

    4th June, 2008 15:39

    It looked like some of the traders would have closed their shorts because Nifty closed very close to its support level of 4450, that’s the next support level that

  • Anu’s Labs closes with 27.64% premium

    4th June, 2008 15:32

    Anu’s Laboratories engaged in the manufacture of basic, advanced intermediates and fine chemicals and supplying them to various drug manufacturers closes at Rs 268

  • Aksh Optifibre to widen its IPTV reach with BSNL

    4th June, 2008 15:31

    Aksh Optifibre Ltd has signed an agreement with BSNL, world’s seventh largest Telecom Company in the world, to provide IPTV services to its subscribers services in

  • Stay away from ONGC: Mohoni 

    4th June, 2008 15:19

    Technical Analyst, Deepak Mohoni is of the view that one can stay away from ONGC.

  • Buy Punj Lloyd, target of Rs 420: Prabhudas Lilladher

    4th June, 2008 15:13

    Prabhudas Lilladher has maintained its buy rating on Punj Lloyd with a price target of Rs 420. For Q4FY08, Punj Lloyd’s (PLL) revenue increased 38% YoY to Rs 23.5

  • Ashok Leyland slips further

    4th June, 2008 15:05

    At 2:56 pm, Ashok Leyland was quoting at Rs 33.75, down Rs 1.1, or 3.16%. It has touched an intraday high of Rs 35 and an intraday low of Rs 33.30. The government

  • Sun Pharma an outperformer: Prabhudas Lilladher

    4th June, 2008 14:57

    Prabhudas Lilladher has maintained its outperformer rating on Sun Pharmaceutical Industries with a price target of Rs 1736. Sun Pharmaceutical Industries’ (SPIL) Q

  • SEL Mfg gets govt nod to create SPV to build Textile Park 

    4th June, 2008 14:53

    Neeraj Saluja, MD,SEL Manufacturing said that SEL has created a SPV (Special Purpose Vehicle) to build up Textile Park. He added that this would provide employment

  • Adhunik Metaliks trips on selling pressure

    4th June, 2008 14:48

    At 2:38 pm, Adhunik Metaliks was quoting at Rs 162, down Rs 17.5, or 9.75%. It has touched an intraday high of Rs 184.80 and an intraday low of Rs 155.25. It was t

  • Tata Steel melts down

    4th June, 2008 14:36

    At 2:26 pm, Tata Steel was quoting at Rs 821.60, down Rs 40.15, or 4.66%. It has touched an intraday high of Rs 876 and an intraday low of Rs 819.30. It was tradin

  • HDFC Bank loses further ground

    4th June, 2008 14:32

    At 2:23 pm, HDFC Bank was quoting at Rs 1,201, down Rs 81.55, or 6.36%. It has touched an intraday high of Rs 1,275 and an intraday low of Rs 1,200.40. It was trad

  • ONGC build up 11% open interest 

    4th June, 2008 14:20

    ONGC is up about 6% and have seen a huge 11% OI build up, so definitely a huge creation of longs and some bit of cash buying which is why it is currently trading a

  • Electronic Youth Media launches Concrea Communications

    4th June, 2008 13:51

    Electronic Youth Media today announced the launch of India's first 'concept creation' agency – Concrea Communications

  • Oil cos heave a sigh of relief on govt package 

    4th June, 2008 13:47

    Subir Raha, Former Chairman, ONGC said that the oil this is just a relief and he’s afraid that few months down the line one will be seeing the same drama being sta

  • MIC Electronics has support at Rs 690: Gujral 

    4th June, 2008 13:33

    Technical Analyst, Ashwani Gujral is of the view that MIC Electronics has support at Rs 690. It's trading quite close to that, it’s above its 200 EMA so it’s outpe

  • Hero Honda slips 4.1%

    4th June, 2008 13:32

    At 1:23 pm, Hero Honda Motors was quoting at Rs 765, down Rs 33, or 4.14%. It has touched an intraday high of Rs 803.10 and an intraday low of Rs 760.

  • Macquarie launches Index to tap “Generation A”

    4th June, 2008 13:23

    Macquarie Research Equities announced the launch of the Macquarie Emerging Markets Infrastructure and Development Index, which tracks the rise in infrastructure sp

  • Crude shock: Autos see impact on sales 

    4th June, 2008 13:17

    Tata Motors said the price hike would impact the auto industry. This view was shared by Honda Siel which felt that sales will be impacted. However, Honda is conf

  • ArcelorMittal-Unions agree on Occupational Health & Safety

    4th June, 2008 13:14

    ArcelorMittal, and trade unions representing its employees across the globe yesterday signed a new and groundbreaking agreement to further improve health and stand

  • Buy Unitech with stoploss of Rs 200-205: Gujral 

    4th June, 2008 13:09

    Technical Analyst, Ashwani Gujral is of the view that one can buy Unitech with stoploss of Rs 200-205. It has even broken down the March lows. If it crosses Rs 250

  • Yes Bank backs on track

    4th June, 2008 13:00

    At 12:56 pm, Yes Bank was quoting at Rs 149.50, up Rs 7.10, or 4.99%. It has touched an intraday high of Rs 150.25 and an intraday low of Rs 142. It was trading wi

  • Free PUC check-up for Tata Motors passenger vehicles

    4th June, 2008 12:55

    Tata Motors is organising free PUC (Pollution Under Control) check-up for its cars and utility vehicles on June 5, 2008

  • Angel neutral on NTPC

    4th June, 2008 12:51

    Angel Broking has maintained its neutral view on NTPC. The total power capacity in India as on March 31, 2008 stood at 143,061MW out of which NTPC has power genera

  • ONGC flares up after duty cut decision

    4th June, 2008 12:46

    At 12:36 pm, ONGC was quoting at Rs 863, up Rs 20.70, or 2.46%. It has touched an intraday high of Rs 873.10 and an intraday low of Rs 841.25. Customs duty on crud

  • Adhunik Metaliks crosses Rs 1000cr turnover in 07-08

    4th June, 2008 12:40

    Adhunik Metaliks Limited has reported gross sales of Rs 347.41 crores in the quarter ended March 31, 2008 against Rs 210.66 crores in the comparable quarter of 200

  • Sun Pharma in poor health

    4th June, 2008 12:35

    At 12:25 pm, Sun Pharmaceutical Industries was quoting at Rs 1,392, down Rs 49.05, or 3.4%. It has touched an intraday high of Rs 1,450 and an intraday low of Rs 1

  • IOC maintain its march ahead

    4th June, 2008 12:29

    At 12:20 pm, IOC was quoting at Rs 446.65, up Rs 12.80, or 2.95%. It was trading with volumes of 556,612 shares. Customs duty on crude has been made nil from 5%, C

  • Tata Motors skids on fuel price hike

    4th June, 2008 12:26

    At 12:15 pm, Tata Motors was quoting at Rs 555.00, down Rs 15.3, or 2.68%. Tata Motors has touched an intra day high of Rs 573.00 and an intra day low of Rs 551.50

  • Hindustan Petroleum marches ahead

    4th June, 2008 12:17

    At 12:03 pm, HPCL was quoting at Rs 256.20, up Rs 7.60, or 3.06%. It has touched an intraday high of Rs 257.90 and an intraday low of Rs 250.95. Customs duty on c

  • Accumulate IDFC at Rs 116-136: Manghnani 

    4th June, 2008 12:08

    Anil Manghnani of Modern Shares & Stock Brokers is of the view that one can accumulate IDFC at Rs 116-136 for an upward bounce back to Rs 151 to Rs 163 levels.

  • Shree Precoated shoots up smartly

    4th June, 2008 12:02

    At 11:53 am, Shree Precoated Steels was quoting at Rs 154.80, up Rs 15.90, or 11.45%. It has touched an intraday high of Rs 157.70 and an intraday low of Rs 138.50

  • Buy SpiceJet, target of Rs 60: Karvy

    4th June, 2008 11:57

    Karvy Stock Broking has maintained its buy rating on SpiceJet with a revised target price of Rs 60. On account of increasing fuel prices, Karvy expects SpiceJet to

  • Buy IT stocks on fall: N Pillai 

    4th June, 2008 11:50

    Neppolian Pillai of Modern Shares & Stock Brokers is of the view that one can buy IT stocks on decline. One can look at TCS between Rs 975-935 for a target stretch

  • Brokers bullish on RPL, Punj Lloyd, Kec Int

    4th June, 2008 11:42

    Brokerage houses are bullish on RPL, Punj Lloyd, Kec International, Aegis, Welspun Guj and Tata Power.

  • Indian GDRs: RIL down 6.7%, Sterlite slips 4.3%

    4th June, 2008 11:35

    Indian GDRs: Reliance, Sterlite, Dr. Reddy's, Satyam, L&T, Infosys and GAIL slipped, while Mahindra, Ranbaxy and ITC gained.

  • Buy Tanla Solutions; target of Rs 460-510: Networth

    4th June, 2008 11:22

    Networth Stock Broking is bullish on Tanla Solutions and has recommended buy rating on the stock, with a target price of Rs 460-510, in its June 03, 2008 report.

  • Archidply IPO opens on June 11, price band Rs 70-80

    4th June, 2008 11:00

    Archidply Industries will enter the capital market with an initial public offering, IPO of 66,15,720 equity shares of Rs 10 each through 100% book building process

  • BPCL top gainer on the Nifty

    4th June, 2008 10:56

    BPCL is the top gainer on the Nifty. At 10:52 am, the share was quoting at Rs 363.00, up Rs 11.20, or 3.18%. It was trading with volumes of 452,303 shares. Yesterd

  • Don't buy Reliance Industries: Sukhani 

    4th June, 2008 10:52

    Technical Analyst, Sudarshan Sukhani feels that Reliance Industries is not a buying opportunity for short term traders and for investors because they can get it mu

  • Sterlite Industries top loser on the Nifty

    4th June, 2008 10:47

    Sterlite Industries is the top loser on the Nifty. At 10:44 am, the share was quoting at Rs 873.90, down Rs 27.85, or 3.09%. It was trading with volumes of 182,707

  • Mercator Lines expects $ 320mn revenue from Tata, stk up

    4th June, 2008 10:37

    At 10:27 am, Mercator Lines was quoting at Rs 110.30, up Rs 2.45, or 2.27%. The company expects USD 320 million revenue from renewed 4-year contract from Tata, rep

  • Spice Communications dips further

    4th June, 2008 10:31

    At 10:21 am, Spice Communications was quoting at Rs 55.20, down Rs 2.05, or 3.58%. It was trading with volumes of 514,300 shares. Yesterday the share closed down 2

  • Weakness likely to continue: IndiaInfoline

    4th June, 2008 10:24

    According to IndiaInfoline Daily Market Watch, We expect the ongoing weakness to continue in the market though value buying at lower levels could bring indices in

  • Care assigns IPO grade 4/5 to JSW Energy

    4th June, 2008 10:12

    Care has come out with a research report on JSW Energy. It has assigned IPO Grade 4/5 to the company's IPO. The company proposes an proposes IPO of 632.25 Lakh equ

  • Gokul Refoils debuts with premium of 12.77%

    4th June, 2008 09:55

    Gokul Refoils and Solvent primarily engaged in the business of Solvent Extraction, refining of Edible oils and Vanaspati manufacturing lists at Rs 219.90 on the NS

  • Expect flat opening: Networth

    4th June, 2008 09:50

    According to Networth Stock Broking Market Review report, markets are expected to open flat. We believe Nifty has a strong support at 4650 while resistance exists

  • Focus on individual stocks may be back

    4th June, 2008 09:48

    If you are a Nifty trader, chances are you would have lost money both ways on Tuesday’s trade. While the market has turned structurally weak, a lot of traders woul

  • Support for Sensex at 15851-15709: HEM

    4th June, 2008 09:46

    According to HEM Securities report,We expect markets to be sideways today. The support for Sensex remains at 15851/15709 levels and resistance at 16063/16267 level

  • Nifty has support at 4670-4630: Angel

    4th June, 2008 09:41

    According to Angel Broking Technical Analysis report, for Nifty 4670–4630 levels may act as support for the coming trading session.

  • US mkts slips on credit crisis fear 

    4th June, 2008 09:38

    Fear of the credit crisis once again rattled Wall Street’s nerves on Tuesday with Lehman Brothers, the casualty. Rumors of credit damage swirled until the company

  • Nifty may correct upto 4654-4591: Angel

    4th June, 2008 09:35

    According to Angel Broking Market Outlook report, if Nifty trades below 4,696 for the first half-an-hour of trade then it may correct upto 4,654–4,591.

  • FIIs net sell Rs 1395 cr in Nifty futures 

    4th June, 2008 09:22

    FIIs have net sold Rs 1395 crore in Nifty futures while net bought of Rs 549 crore in Nifty options. Nifty futures added 19 lakh shares in Open Int and ended at 8-

  • Engineers India Q4 net profit at Rs 56.7 cr

    4th June, 2008 09:12

    Engineers India, EIL has declared its results for the quarter ended March 2008 (Q4). The company's Q4 net profit was at Rs 56.7 crore versus Rs 42.5 crore.

  • Sell MCX August Gold at Rs 12200

    4th June, 2008 09:05

    In the case of gold, one could sell MCX August at Rs 12,200 per 10 grams, with a target of Rs 12,050 per 10 grams says Mathur.

  • Rupee opens at Rs 42.58 per dollar

    4th June, 2008 09:02

    The Indian Rupee opened at Rs 42.58 per dollar versus Rs 42.61 yesterday.

  • Crude drops to $124/bbl; George Soros blames futures mkt 

    4th June, 2008 08:58

    Crude prices traded near a two-week low on signs that the Fed may stop cutting interest rates in a bid to bolster the dollar. In after hours access trading, crude

  • Crude to fall below USD 110/bbl in 3 months: LGT Bank 

    4th June, 2008 08:48

    Speaking to CNBC-TV18 Benjamin Pedley, ED, Investment Strategist at LGT Bank said, “In terms of the energy markets, we along with George Soros do believe that it i

  • Reliance set for DTH foray in July

    4th June, 2008 08:45

    Big TV, the direct-to-home (DTH) service of the Anil Dhirubhai Ambani group (ADAG) is all set for a nation wide launch in July, sources in Reliance Communications

  • Equity calls: Raychaudhuri, Bhamre 

    4th June, 2008 08:41

    The government is unlikely to go for a sharp hike in fuel prices, especially with several state elections coming up. We are more likely to see around 4-5% hike, sa

  • Market cues: FIIs net sell $86.6 mn

    4th June, 2008 08:35

    Market cues: FIIs net sell $86.6 mn. MFs net sell Rs 157.5 cr in equity on June 2.

  • Avoid big ticket trades

    4th June, 2008 08:33

    The outlook for the markets today is that of guarded optimism as the market appears to be nearing an oversold level and may attempt a small bounce. Ignore big tick

  • Stocks in news: Orbit Corp, Punj Lloyd, AIA Engg

    4th June, 2008 08:28

    Stocks in news: Orbit Corp has results today. Punj Lloyd has bought 74% in UK's Technodyne International. AIA Engg will consider stock split in the board meeting.

  • Wall Street declines; Dow slips 100 points

    4th June, 2008 08:19

    US markets traded in a volatile manner, with financial stocks driving much of the action. The fall was led by growing speculation that Lehman Brothers will be forc

  • Gokul Refoils see sales of Rs 3k cr in FY09 

    4th June, 2008 22:27

    Gokul Refoils and Solvent primarily engaged in the business of Solvent Extraction, refining of edible oils and vanaspati mfg has listed at Rs 219.90 on the NSE aga

  • Crude chaos: Airlines to rationalise routes, cut fleet size 

    4th June, 2008 20:57

    Airlines are set to go on a diet. Route rationalisation, a cut in fleet size and common ground handling services are some of the measures the airline industry is l

  • Blue Star bags airconditioning projects worth Rs 66cr

    4th June, 2008 19:24

    Central airconditioning major Blue Star Limited has bagged airconditioning contracts of 11 airport projects valued at Rs 66 crore.

  • Avon Weighing Systems IPO opens on June 9

    4th June, 2008 19:15

    Avon Weighing Systems Limited, a company engaged in the business of selling weighing systems in India, proposes to enter the capital markets on 9th June 2008 with

  • BAE Systems gets $1.65bn contract for FMTV

    4th June, 2008 19:08

    BAE Systems gets $1.65 Bn contract for FMTV. The U.S. Department of Defense has awarded BAE Systems a contract for the supply of up to 10,000 Family of Medium

  • LG announced the launch of LG Overdrive

    4th June, 2008 18:48

    In continuation with the mega successful LG Powerplay scheme, LG announced the launch of LG Overdrive, in an advent to consistently enhance the profitability of it

  • SAP India named the ‘Jewel in the Crown’

    4th June, 2008 18:35

    SAP India, the fastest growing region within SAP, was named the ‘Jewel in the Crown’ of SAP worldwide

  • Royal Orchid Hotels posts revenue of Rs 136.76cr

    4th June, 2008 18:28

    Royal Orchid Hotels Ltd earned a Total Revenue of Rs. 136.76 Cr as against the previous year’s revenue of Rs. 124.16 Cr, an increase by 10% over the last year.

  • First Winner IPO opens on June 9, price band at Rs 120-130

    4th June, 2008 18:14

    First Winner Industries Limited IPO opens on June 9, 2008,Price Band fixed at Rs. 120 to Rs. 130 per Equity Share

  • Motilal Oswal Venture invested Rs 600mn in Parag Milk Foods

    4th June, 2008 18:05

    Motilal Oswal managed India Business Excellence Fund invests Rs 600 million in a leading Maharashtra based Dairy

  • Modern India net sales up 181% to Rs 160cr

    4th June, 2008 17:54

    Modern India net sales up 181% to 160 crores, PAT up 26 %. The prime contributors to the revenue being the increase in lease rentals from Business Centre in the Bu

  • Rupee, bonds close lower

    4th June, 2008 17:48

    The spot rupee ended lower at Rs 42.78 per dollar as against its previous close of Rs 42.61. The widely traded 8.24%, 2018 paper closed lower at Rs 100.66 as again

  • Wipro launches Eco Eye

    4th June, 2008 17:44

    Wipro launches Eco Eye an initiative on ecological sustainability. Eco Eye is Wipro's comprehensive program that drives increasing ecological sustainability in all

  • Titan announce partnership with WWF-India

    4th June, 2008 17:34

    Titan announces partnership with WWF-India. The main objective of the tie-up is to spread awareness about some of the most endangered species in India through a co

  • Avon Weighing Systems IPO opens on June 9

    4th June, 2008 17:26

    Avon Weighing Systems, a company engaged in the business of selling weighing systems in India, proposes to enter the capital markets on June 9, 2008 with a public

  • AIA post net sales of Rs 691.18cr

    4th June, 2008 17:17

    AIA records a healthy net profit declares 40% dividend. Ahmedabad based AIA Engineering Limited, engaged in the business of manufacturing High Chrome Mill Internal

  • A multi-billion, multi-economy inflation jolt

    4th June, 2008 17:08

    India has finally raised fuel prices. This impacts India’s WPI by 60-80 bps (100bps = 1%). What this means is that India’s official rate should go beyond 9% in the

  • Guidelines for satellite radio announced: TRAI

    4th June, 2008 16:49

    The Telecom Regulatory Authority of India, or TRAI, said the government has announced guidelines for satellite radio, reports CNBC-TV18. The licence fee is to be 4

  • Stay away from PSU oil cos: Choksey

    4th June, 2008 16:44

    Deven Choksey of KR Choksey Securities is of the view that one should stay away from PSU oil companies.

  • MAIA announced alliance with emQube LLC

    4th June, 2008 16:43

    MAIA Intelligence, a leading provider of powerful Business Intelligence Reporting & Analytics Software – 1KEY, announced the strategic alliance with emQube LLC, Du

  • id8labs to market iifabuzz.com

    4th June, 2008 16:30

    International Indian Film Academy (IIFA)-pioneered by Wizcraft International Entertainment Pvt Ltd- India’s premier event management and entertainment agency, has

  • Sell BPCL, HPCL on rise: Bhambwani 

    4th June, 2008 16:24

    Technical Analyst, Vijay Bhambwani is of the view that one can sell Bharat Petroleum Corporation, Hindustan Petroleum Corporation on rise.

  • Stocks that hits their 52-week lows

    4th June, 2008 16:13

    The markets were completely remained under bear grip after substantial oil price hike. Due to this Mayhem in market lot of ‘A’ group stocks like Ambuja Cements, Co

  • ABN AMRO advises Sterlite Inds on the largest India-US M&A

    4th June, 2008 16:07

    ABN AMRO acted as sole financial advisor to Sterlite Industries (a Vedanta Resources plc company) for the proposed acquisition of ASARCO LLC.

  • GIGABYTE to showcase Motherboards at Computex 2008

    4th June, 2008 15:49

    GIGABYTE to Showcase New Lineup of Ultra Secure, Ultra Power Efficient Motherboards at Computex 2008

  • Cleartrip.com introduces ‘Cleartrip Videos’

    4th June, 2008 15:40

    Cleartrip.com India’s leading online travel agency has introduced ‘Cleartrip Videos’ – a section that offers a sneak peek of travel destinations across the country

  • Buy ONGC, says R Nagraj

    4th June, 2008 15:35

    Rohit Nagraj of Angel Broking is of the view that one can buy ONGC. For oil marketing companies, it’s a sigh of relief, some cash coming in because of the higher p

  • Gokul Refoils ends below issue price

    4th June, 2008 15:31

    Gokul Refoils and Solvent primarily engaged in the business of Solvent Extraction, refining of Edible oils and Vanaspati manufacturing ends at Rs 182.05 on the NSE

  • DAMAC launches Tarin Hills master development in Erbil

    4th June, 2008 15:23

    DAMAC Properties announced its plans in Kurdistan, Iraq, with the launch of the Tarin Hills master development in Erbil.

  • Cosmo Films bags Dun & Bradstreet & ECGC Top Exporter Award

    4th June, 2008 15:16

    Cosmo Films Ltd.,was awarded the top exporter award by Dun & Bradstreet India (D&B India) and Export Credit Guarantee Corporation of India Ltd in the chemicals, pe

  • Bank of Rajasthan revises interest rates

    4th June, 2008 15:08

    Bank of Rajasthan has revised interest rates of Non-Resident (External) Rupee deposits (NRE) and Foreign Currency Non-Resident Deposits (Banks) –FCNR (B) with effe

  • Unitech plunges 5.5%

    4th June, 2008 15:00

    At 2:50 pm, Unitech was quoting at Rs 207.20, down Rs 12.1, or 5.52%. It has touched an intraday high of Rs 224.40 and an intraday low of Rs 205. It was trading wi

  • Road ahead for OMCs now 

    4th June, 2008 14:57

    The market experts analysed the price hike and have differing views on the same. Dikshit Mittal Research analyst, Religare Securities said , "The move, though posi

  • Buy Honda Siel, says R Shah 

    4th June, 2008 14:49

    Rajen Shah of Angel Broking is of the view that one can buy Honda Siel. It is a 65% subsidiary of Honda Motors Japan. The company has been putting in extremely goo

  • Keep ITC, HUL in portfolio: R Shah 

    4th June, 2008 14:38

    Rajen Shah of Angel Broking is of the view that one should keep ITC, HUL in their portfolio. Rural prosperity also gaining grounds and that will see 65 crore peopl

  • Buy Nagarjuna Construction, tgt Rs 265: Prabhudas Lilladher

    4th June, 2008 14:35

    Prabhudas Lilladher has maintained its buy rating on Nagarjuna Construction Company with a target price of Rs 265. NCC reported disappointing Q4FY08 results. While

  • Colgate Palmolive an outperformer: Prabhudas Lilladher

    4th June, 2008 14:21

    Prabhudas Lilladher has maintained its outperformer rating on Colgate Palmolive (India) with a target price of Rs 465. For Q4FY08, Colgate’s net sales grew by 14%

  • Oil hike bold; to stoke inflation 

    4th June, 2008 14:05

    Inflation will get stoked higher. The government has been a little bold in pushing ahead with the price hikes, which will probably be taken more positively by the

  • Stocks that sliped further below March '08 lows

    4th June, 2008 13:48

    The markets had seen a mild recovery after the March 17, 2008 lows. Since, then the BSE Sensex has recovered by nearly 8% from the 14809 level and the Nifty recove

  • Kuoni goes paperless with Newgen OmniDocs

    4th June, 2008 13:42

    Newgen Software Technologies limited, a leader in the field of Business Process Management and Enterprise Content Management announced the successful implementatio

  • ICICI Bk stks taking a hit: Should you buy or sell? 

    4th June, 2008 13:33

    ICICI Bank stocks are down by almost 45% to 50%.Ashwani Gujral said," Banking stocks being rate sensitive, given the high inflation the stocks are bound to be affe

  • BHEL continues to slide

    4th June, 2008 13:29

    At 13:19 pm, BHEL was quoting at Rs 1,490, down Rs 58.5, or 3.78%. It has touched an intraday high of Rs 1,564 and an intraday low of Rs 1,483.30.

  • UCO Bank has support at Rs 35: Gujral 

    4th June, 2008 13:22

    Technical Analyst, Ashwani Gujral is of the view that UCO Bank has support at Rs 35 and resistance at around Rs 55. Expect it to remain in Rs 35-55 kind of a band

  • Avoid DFL, Unitech: R Shah 

    4th June, 2008 13:17

    Rajen Shah of Angel Broking is of the view that one should ignore DLF, Unitech for the next six-nine months. But if one has got a long-term view, maybe 10-15% down

  • NALCO among major losers

    4th June, 2008 13:10

    NALCO is among major losers on the Nifty. At 1:05 pm, the share was quoting at Rs 467.50, down Rs 21.55, or 4.41%. It has touched an intraday high of Rs 490 and an

  • Marathon Nextgen Realty net profit jumps by 38% to Rs 62cr

    4th June, 2008 13:05

    Marathon Nextgen Realty Limited, a leading real estate company, has posted a 37.3 per cent rise in net profit to Rs. 62.2 crore for the financial year ended March

  • Reliance Petroleum advances

    4th June, 2008 12:55

    At 12:45 pm, Reliance Petroleum was quoting at Rs 174.25, up Rs 2.25, or 1.31%. It has touched an intraday high of Rs 175.50 and an intraday low of Rs 169.50. Cust

  • ICICI Bank has resistance at Rs 855: Gujral 

    4th June, 2008 12:54

    Technical Analyst, Ashwani Gujral is of the view that ICICI Bank has resistance at Rs 855 and the support is around at Rs 725 or Rs 730. It’s trading right now bel

  • Don't exit ICICI Bank, says R Shah 

    4th June, 2008 12:47

    Rajen Shah of Angel Broking is of the view that one shouldn't exit ICICI Bank. It is down almost about 45% to 50% from the top. From about Rs 1400-1500 levels to a

  • GAIL wins Occupational Health & Safety Award

    4th June, 2008 12:46

    The compressor station of GAIL at Hazira has won the 'Golden Peacock Award for Occupational Health & Safety – 2008. The award was presented to GAIL at the Global C

  • Buy India Glycols, target of Rs 535: PINC

    4th June, 2008 12:35

    PINC Research has recommended a buy rating on India Glycols with a 12-month price target of Rs 535. IGL’s manufacturing prowess affords it strong flexibility in sw

  • Buy Bharat Electronics at Rs 1045-1150: N Pillai 

    4th June, 2008 12:32

    Neppolian Pillai of Modern Shares & Stock Brokers is of the view that one can buy Bharat Electronics at Rs 1045-1150 for a target of around Rs 1,230-1,257.

  • Buying is more important than Selling!

    4th June, 2008 12:27

    One of the most important things about getting substantial returns on your investments is not really selling but buying. If you have done your buying wisely, selli

  • Accumulate Biocon at Rs 439-463: Manghnani 

    4th June, 2008 12:22

    Anil Manghnani of Modern Shares & Stock Brokers is of the view that one can accumulate Biocon at Rs 439-463 with a stoploss below Rs 439. This stock is majorly bot

  • JSW Steel takes dip

    4th June, 2008 12:10

    At 12 pm, JSW Steel was quoting at Rs 1,099, down Rs 59, or 5.09%. It has touched an intraday high of Rs 1,178 and an intraday low of Rs 1,092.40. It was trading w

  • Buy PVR, target of Rs 230: Karvy

    4th June, 2008 12:08

    Karvy Stock Broking has recommended a buy rating on PVR with a target price of Rs 230. PVR declared its 4Q FY08 results which were above research firm's expectatio

  • Buy HDIL between Rs 632-675: Manghnani 

    4th June, 2008 11:58

    Anil Manghnani of Modern Shares & Stock Brokers is of the view that one can buy HDIL between Rs 632-375 for a trading move back to about Rs 717-725 levels with a s

  • Block deal S Kumars, stock down

    4th June, 2008 11:54

    At 11:44 am, S Kumars Nationwide was quoting at Rs 99.10, down Rs 5.3, or 5.08%. It has touched an intraday high of Rs 108.80 and an intraday low of Rs 98.50. Ther

  • Cairn India slips on profit booking

    4th June, 2008 11:49

    At 11:40 am, Cairn India was quoting at Rs 270.40, down Rs 11.8, or 4.18%. It has touched an intraday high of Rs 282.30 and an intraday low of Rs 269.10. It was tr

  • Buy Tata Power, target of Rs 1623: Motilal Oswal

    4th June, 2008 11:39

    Motilal Oswal has maintained its buy rating on Tata Power Company with a target price of Rs 1623. The research firm expects Tata Power to report net profit (exclud

  • Ambuja Cements among major losers

    4th June, 2008 11:35

    Ambuja Cements is among major losers on the Sensex. At 11:25 am, the share was quoting at Rs 89.50, down Rs 3.05, or 3.3%. It has touched an intraday high of Rs 93

  • Maruti Suzuki India gears down

    4th June, 2008 11:31

    At 11:21 am, Maruti Suzuki India was quoting at Rs 759.05, down Rs 27.4, or 3.48%. It has touched an intraday high of Rs 785.75 and an intraday low of Rs 735. It w

  • Tata Power a good buy: S Prasad 

    4th June, 2008 11:19

    Sanjeev Prasad, Head of Research at Kotak Securities is of the view that Tata Power at Rs 1,250 is a pretty good buy.

  • Good rains may top off inflation: DSP ML 

    4th June, 2008 11:00

    Indian Meteorological Department said the monsoons are a bit ahead of schedule in Kerala but the progress is slow. According to Indranil Sengupta, Chief Economist

  • Eicher Motors May sales at 2063 units

    4th June, 2008 10:55

    Eicher Motors has declared its May sales numbers. The company's May sales were at 2063 units versus 1931 units on YoY basis.

  • Oil prices hike: Left plans week-long protest movement 

    4th June, 2008 10:51

    Dipankar Mukherjee, Member CPI(M) said that the refineries need to share the oil burden. He said that the Left parties would oppose any price hike. He added that t

  • Essar Oil, Cairn likely to go down: Sukhani 

    4th June, 2008 10:43

    Technical Analyst, Sudarshan Sukhani is of the view that Essar Oil, Cairn is likely to go down. This may or may not have any relationship with the crude prices bec

  • Punj Lloyd buys 74% in UK's Technodyne Int, stk up

    4th June, 2008 10:33

    At 10:24 am, Punj Lloyd was quoting at Rs 283.75, up Rs 2.90, or 1.03%. The company has bought 74% in UK's Technodyne International, reports CNBC-TV18. It was trad

  • Buy Neyveli Lignite on dips: Sukhani 

    4th June, 2008 10:25

    Technical Analyst, Sudarshan Sukhani is of the view that investors can buy Neyveli Lignite Corporation on every dips.

  • Petrol up by Rs 5; diesel up by Rs 3; LPG up by Rs 50 

    4th June, 2008 10:14

    Petrol prices have been hiked by Rs 5 and diesel by Rs 3. Petroleum Minister Murli Deora has announced that excise duty on HSD and petrol has been reduced by Re 1

  • Oil price hike decision to set stage for mkts 

    4th June, 2008 09:59

    It's a big day for markets today, because market opening is almost slotted along with the announcement of the decision on the oil price hike.

  • Hike in petrol,diesel prices marginally helpful to OMCs 

    4th June, 2008 09:54

    Small hike in Petrol and Diesel prices helps the oil-marketing companies marginally, but it is a drop in the ocean they will still be very much in the red so it do

  • Anu’s Laboratories lists with 24% premium

    4th June, 2008 09:50

    Anu’s Laboratories engaged in the manufacture of basic, advanced intermediates and fine chemicals and supplying them to various drug manufacturers, has opened at R

  • Wait for a rally and then go short: Sudarshan Sukhani 

    4th June, 2008 09:46

    Sudarshan Sukhani of Technical Trends said that a choppy action will be seen today in the markets. However there will be some short selling oppurtunities but there

  • Gokul Refoil fair value at Rs 225 

    4th June, 2008 09:42

    Gokul Refoil is a commodities kind of player, into refined edible oil, solvent extractions etc. It is available at big discount to its peers like KS Oils, Ruchi So

  • Fair value of Anus Labs around Rs 250 

    4th June, 2008 09:40

    Anus Laboratories is a small player in pharmaceuticals business, into API and supplies bulk drugs to Dr Reddy's Labs. Fair value of stock is around Rs 250, which i

  • Mkts to stay rangebound for rest of the yr: Kotak Sec  

    4th June, 2008 09:36

    Sanjeev Prasad of Kotak Securities feels that the market is not going anywhere in a hurry. He expects the market to remain rangebound with a plus 10% or minus 10%

  • Nifty has support at 4650: Karvy

    4th June, 2008 09:24

    According to Karvy Stock Broking Technical Analysis report, 4650 level is likely to serve as support to Nifty for the day.

  • CNBC-TV18 poll: 70% say mkts to react well to Rs 5 hike

    4th June, 2008 09:18

    In a broker poll conducted by CNBC-TV18, all respondents expect a Rs 3-5 hike in petrol prices and Rs 2-3 hike in diesel prices. While 70% feel markets would react

  • Carnage in mkts; Nifty ends below 4600, ONGC up 5.3%

    4th June, 2008 09:12

    The markets completely slaughtered in last two hours of session over inflation worries after substantial oil price hike and bears became uncontrollable for bulls.

  • Markets likely to recover

    4th June, 2008 09:04

    European indices improved last night, while the US markets declined again. Asian markets are mixed this morning, with the decliners rising from their lows. The sho

  • Money calls: Prabhu, Subramaniam

    4th June, 2008 09:01

    Bond yields are likely to be under pressure due to higher inflation. Advance tax may drain out excess liquidity from the system, says Prabhu.

  • Essar Oil plans to invest $130 m this fiscal

    4th June, 2008 08:56

    Essar Oil is ramping up its oil exploration and production business, lining up a work programme in the current phase of existing blocks to the tune of $290 mil

  • Support for Nifty at 4670-4646

    4th June, 2008 08:46

    The support for the Nifty is at 4670-4646 and resistance to the up move at 4791-4835-4860.

  • Tough days ahead for airlines

    4th June, 2008 08:43

    The domestic aviation industry is likely to see more turbulent times ahead. While no respite seems to be coming on the spiralling oil prices, analysts say that add

  • F&O cues: Futures Open Int up by Rs 1440 cr

    4th June, 2008 08:37

    F&O cues: Nifty Futures add 19 lakh shares in Open Interest. Futures Open Int up by Rs 1,440 crore, Options Open Int up by Rs 1,385 crore.

  • GMR Industries to buy Karnataka sugar co

    4th June, 2008 08:35

    GMR Industries, the agri business arm of GMR group, today informed the stock exchanges that it has decided to acquire Alagawadi Bireshwar Sugars Pvt Ltd, which hol

  • Moser Baer hopeful of cutting solar energy cost

    4th June, 2008 08:32

    At a time when crude prices are peaking, a reduction in solar power costs could brighten the energy scenario. The solar photovoltaic (PV) business, which incurs a

  • Indian ADRs: Patni down 4.3%, ICICI Bank slips 4%

    4th June, 2008 08:24

    Indian ADRs: Patni, ICICI Bank, Tata Comm, Satyam, Infosys, Tata Motors and Wipro plunged.

  • Asian markets end mixed

    4th June, 2008 08:16

    Asian markets ended mixed. Japan's Nikkei gained 1.59% or 226.40 points at 14,435.57. Taiwan's Taiwan Weighted rose 0.56% or 48.37 points at 8,627.80. However, Hon

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