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Moneycontrol News Archive : 24 March, 2008

  • MF NAVs close with negative returns

    24th March, 2008 23:51

    Equity diversified NAVs closed lower with negative advance:decline ratio of 40:136. The benchmark indices ended on a positive note but the midcap and smallcap inde

  • No stoppage of pipeline works in Rajasthan: Cairn India

    24th March, 2008 20:00

    Cairn India said there is no stoppage of pipeline work in Rajasthan, reports CNBC-TV18. The company was reacting to media reports which said the Rajasthan governme

  • Not a convincing session for the mkt 

    24th March, 2008 19:40

    The Sensex didn’t do too badly today. We had almost a 300-point move. But it is not that kind of a convincing day for the market. In fact if you look outside the i

  • Gulf Oil launches Gulf Pride 4T Plus 10W-30

    24th March, 2008 19:30

    Keeping pace with rapidly evolving customer needs of motorcycle owners & changes in technology Gulf Oil is proud to launch its New Gen 4 stroke motor cycle oil “G

  • TCS selected to power Electronic-Signature Infrastructure

    24th March, 2008 18:44

    Tata Consultancy Services selected to power Electronic-Signature Infrastructure for US based Financial Services Leader. FormSigner™ PRO Software provides essential

  • Gold likely to head downward: Anagram Comtrade  

    24th March, 2008 18:31

    Unupom Kausik, Head of Commodities, Anagram Comtrade, said the safe haven buying we are seeing from USD 850 per troy ounce level in gold is coming to a halt. “We a

  • Lintas Media bags media AOR assignment of Business Standard

    24th March, 2008 18:18

    Lintas Media Group has bagged the media duties of Business Standard

  • Infotech appoints Don Kietly,President- North America sales

    24th March, 2008 18:08

    Infotech Enterprises appoints Don Kietly as President - North America Sales for their manufacturing vertical

  • Rupee closes higher, bonds lower

    24th March, 2008 17:58

    Rupee ended firm against the U.S. dollar today because custodial banks persistently sold the greenback that were built up in overseas markets over the long weekend

  • Juniper Networks integrates into JUNOS Software

    24th March, 2008 17:44

    Juniper Networks integrates industry-leading security services into JUNOS Software. With the integration of security services, JUNOS 9.0 addresses the business cha

  • IIP nos key to mkts trading forward: Religare Sec 

    24th March, 2008 17:28

    Sangeeta Purushottam of Religare Securities said the market is likely to watch out for IIP numbers. “Macro and global events are likely to take centerstage from no

  • Micropro integrates with Oracle & Middleware Software

    24th March, 2008 17:18

    Micropro Software Solutions Integrates with Oracle Database and Middleware Software to deliver complete Healthcare Solution for SMBs in India

  • Other income goes for a toss, so does profit

    24th March, 2008 16:56

    India Inc. has been thriving on other income over the previous few quarters. The dependency has moved up so much that core profits have declined extensively. Othe

  • GHCL restructures its business

    24th March, 2008 16:45

    The Board of Directors of GHCL, a $700 million multi product transnational company operating under the domain of home textiles & soda ash today has given in pr

  • Invest in banking space says Mohindar 

    24th March, 2008 16:36

    Rahul Mohindar of viratechindia.com is of the view that one should invest in banking space as bounce back from key support levels is expected.

  • Kiri Dyes IPO opens for subscription

    24th March, 2008 16:16

    The Ahmedabad-based Kiri Dyes and Chemicals, manufacturer and exporters of dyes and dyes intermediates, is open for subscription with its IPO of 37.5 lakh equity s

  • Experts reaction mixed on Titagarh Wagons IPO

    24th March, 2008 16:12

    Titagarh Wagons, a private sector railway wagon manufacturer in India, has opened for subscription with its IPO of 23,83,768 equity shares of Rs 10 each. Moneycont

  • Anand Rathi appoints Rajesh Mayani, Executive Dir,Sales

    24th March, 2008 16:07

    Anand Rathi Financial Services (ARFS), one of the leading full service investment banks in India, today announced the appointment of Mr. Rajesh Mayani as Executive

  • Yousef Raza Gillani set to be new Pak PM

    24th March, 2008 16:02

    The Pakistan National Assembly is set to elect Yousef Raza Gillani As the country's new Prime Minister today. Gillani - the candidate of the PPP-led coalition will

  • Lok Capital raises fund size to USD 22mn

    24th March, 2008 15:56

    Lok Capital LLC, an India focused microfinance venture capital fund, raises its fund size to USD 22 Million to measure up to the growing needs of its current and p

  • DR Congo welcomes Indian funds in mining sector

    24th March, 2008 15:55

    DR Congo welcomes Indian investments in mining sector. Mr Musa Usman representing an investment projection centre in Mozambique wondered if the policies in India a

  • Hindalco adds 42 lakh shares in net OI 

    24th March, 2008 15:45

    Hindalco from the metal space has led the way. Rollovers were seen picking up even last week on Wednesday. 40% rollovers are seen here and a net addition of about

  • SKNL announces record date for Brandhouse Retails’ demerger

    24th March, 2008 15:42

    The Board of Directors of S.Kumars Nationwide Limited announced May 2, 2008 as the record date of its demerged business arm Brandhouse Retails Limited (BHRL) and i

  • Champagne Indage acquires Loxton Winery for A$ 60mn

    24th March, 2008 15:39

    Champagne Indage acquires Loxton Winery for A$ 60 million. The deal is set to be completed over the next six months. The acquisition of the winery will increas

  • Mkts witness cash sell off led by margin calls

    24th March, 2008 15:29

    The market is witnessing a cash market sell off today as margin calls were triggered in midcap and small cap stocks. Sources say some of the leading PMS and domest

  • Sundaram Tax Saver Fund declares 15% dividend

    24th March, 2008 15:21

    Sundaram BNP Paribas Mutual Fund has announced a dividend of 15% in its Sundaram BNP Paribas Tax Saver for which the record date has been fixed as March 28, 2008.

  • PNB advances nearly 6%

    24th March, 2008 15:15

    At 3:07 pm, Punjab National Bank, PNB was quoting at Rs 487, up Rs 27.20, or 5.92%. It has touched an intraday high of Rs 487.90 and an intraday low of Rs 458.50.

  • ICICI Pru Infrastructure declares 30% dividends

    24th March, 2008 15:12

    ICICI Pru Infrastructure Fund has declared a dividend of 30%, for which the record date is March 28, 2008.

  • Recently listed realty IPOs slip below issue price

    24th March, 2008 15:08

    Market has not been showing any signs of recovery yet. It has been reacting to weak global cues like subprime crisis, Yen carry trade, slowdown in US etc since sec

  • Irish co picks 50% in My Home Cement for $ 215/tonne 

    24th March, 2008 15:01

    Reports suggest that the Irish company CRH has picked up 50% in an unlisted cement firm, My Home Industries for USD 452 million. According to the reports, the Dubl

  • DSP ML Opportunities Fund declares 40% dividend

    24th March, 2008 15:00

    DSP ML Opportunities Fund has declared a dividend of 40%, for which the record date is March 28, 2008.

  • Principal Personal Taxsaver Fund declares 400% dividend

    24th March, 2008 14:50

    Principal Personal Taxsaver Fund has announced a dividend of 400%, for which the record date has been fixed as March 25, 2008.

  • Re to be at Rs 40-41 levels in longer term: Kotak Mah Bk 

    24th March, 2008 14:48

    Mohan Shenoi, Treasurer of Kotak Mahindra Bank has a view that there could be limitations to using rupee as a tool to fight inflation because rising rupee is also

  • Gremach Infrastructure has target of Rs 350: Sethi 

    24th March, 2008 14:45

    Vikas Sethi, MD of Sethi Finmart is of the view that Gremach Infrastructure has target of Rs 350. The company has tied up with China’s largest manufacturer of oil

  • Unitech continues to fall

    24th March, 2008 14:42

    At 2:36 pm, Unitech was quoting at Rs 246, down Rs 21.45, or 8.02%. It has touched an intraday high of Rs 281 and an intraday low of Rs 245.10. It was trading with

  • Birla Sun Life Tax Relief 96 declares 200% dividend

    24th March, 2008 14:35

    Birla Sun Life Tax Relief 96 has announced a dividend of 200, for which the record date has been fixed as March 25, 2008.

  • Kandivali, Mulund, Thane stretches declared forest land 

    24th March, 2008 14:34

    The Bombay High Court has declared stretches of Kandivali, Mulund and Ghatkopar, in Mumbai and Thane, as forest land, reports CNBC-TV18. It has dismissed all petit

  • The Indian Hotels Company expands its Board

    24th March, 2008 14:31

    The Indian Hotels Company Limited expands its Board. Mr Abhijit Mukerji appointed Executive Director – Hotel Operations, Anil P Goel appointed Executive Director –

  • Dr Reddys Laboratories in good health

    24th March, 2008 14:23

    At 2:16 pm, Dr Reddys Laboratories was quoting at Rs 563, up Rs 21.60, or 3.99%. It has touched an intraday high of Rs 565.70 and an intraday low of Rs 541. It was

  • DS Kulkarni Developers shoots up smartly

    24th March, 2008 14:15

    At 2:08 pm, D.S. Kulkarni Developers was quoting at Rs 149, up Rs 15.50, or 11.61%. It has touched an intraday high of Rs 155 and an intraday low of Rs 133. It was

  • HUL among major gainers

    24th March, 2008 13:56

    Hindustan Unilever, HUL is among major gainers on the Sensex. At 1:48 pm, the share was quoting at Rs 233.55, up Rs 8.25, or 3.66%. It has touched an intraday high

  • Mkts could see more pain: Dawnay Day AV Fin Srvcs 

    24th March, 2008 13:50

    Sheshadri Bharatan of Dawnay Day AV Financial Services said investors should look at frontline stocks and try and enter the market at this point. He cautioned that

  • Provide sops to control rising food prices: Crisil 

    24th March, 2008 13:31

    Subir Gokaran, Chief Economist, Crisil, is very concerned about food prices. He feels RBI's Monetary Policy is not going to work here. "We have to look at more dir

  • Omaxe starts construction of Omaxe Royal Residency

    24th March, 2008 13:21

    Omaxe, India’s leading real estate developers, today announced the start of construction of recently launched and immensely successful ‘Royal Residency with Spa Vi

  • Rel Div Power Fund currently sitting on Rs 1800 cr cash  

    24th March, 2008 13:10

    The midcap and smallcap Index have seen sharp cuts. Many of these stocks are off their 52-week highs. If cash is considered as the king in today's market, which ar

  • Omaxe touches 52-week low

    24th March, 2008 12:56

    Omaxe has touched a 52-week low of Rs 180. At 12:49 pm, the share was quoting at Rs 181.45, down Rs 11.7, or 6.06%. It was trading with volumes of 77,896 shares. O

  • Gati a good pick for long term: A Kapoor 

    24th March, 2008 12:51

    Ashish Kapoor, CEO of Investshoppe is of the view that logistics is a great story going forward and Gati Corporation at about Rs 87-88 where it is quoting right no

  • RBI-Bulletin Wkly Statistical Supplement - Extract

    24th March, 2008 12:45

    Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract

  • GAIL awarded O&G Pipeline Transportation Co of the Year

    24th March, 2008 12:38

    GAIL (India) Limited has been adjudged the Oil and Gas Transportation Company of the Year, for the year 2006-07. The award was presented today by Shri Murli Deora,

  • Reliance Industries looks attractive: Tulsian 

    24th March, 2008 12:26

    Investment Advisor SP Tulsian is of the view that Reliance Industries is looking attractive at this level.

  • Block deal in Dabur Pharma, stock up

    24th March, 2008 12:12

    At 12:03 pm, Dabur Pharma was quoting at Rs 50.75, up Rs 1.90, or 3.89%. It has touched an intraday high of Rs 52 and an intraday low of Rs 49.55. There was a bloc

  • Sun Pharma announces approval to mkt Tessalon

    24th March, 2008 12:10

    Sun Pharmaceutical Industries Ltd. announced that USFDA has granted approval for the Abbreviated New Drug Application (ANDA) to market a generic version of Forest

  • HCL Technologies continues to gain

    24th March, 2008 12:00

    At 11:57 am, HCL Technologies was quoting at Rs 266, up Rs 10.95, or 4.29%. It has touched an intraday high of Rs 266.40 and an intraday low of Rs 261.05. It was t

  • Dragonair reschedules launch of service to Hong Kong

    24th March, 2008 11:51

    Dragonair today announced that it will reschedule the launch of its new daily service from Bengaluru (Bangalore) to Hong Kong. The original launch date was slated

  • Upside potential in Gujarat NRE Coke: Tulsian 

    24th March, 2008 11:50

    Investment Advisor SP Tulsian feels that Gujarat NRE Coke has upside potential from this level.

  • Team Mohali appoints Avian Media as PR agency

    24th March, 2008 11:40

    The IPL Mohali Team has announced today that it has appointed Avian Media as its communications agency and Wizcraft International Entertainment Pvt. Ltd. as its Be

  • Gujarat NRE Coke can slip to Rs 100-102: Manghnani 

    24th March, 2008 11:38

    Anil Manghnani of Modern Shares & Stock Brokers feels that Gujarat NRE Coke can slip to Rs 100-102. It outperformed throughout February and quite surprising the co

  • Principal MF declares dividend on Personal Tax Saver Fund

    24th March, 2008 11:28

    The Trustee to Principal Mutual Fund has approved the declaration of dividend, subject to the availability of distributable surplus, in Principal Personal Tax Save

  • S Kumars stk dips 21%; Mgmt refutes margin calls as cause 

    24th March, 2008 11:22

    S Kumar's went down 21% in opening trade due to a block deal of 12 lakh shares in the stock. Nitin Kasliwal, Managing Director of S Kumar's, said that no promoters

  • JP Associates has support at Rs 190-200: Manghnani 

    24th March, 2008 11:16

    Anil Manghnani of Modern Shares & Stock Brokers is of the view that Jaiprakash Associates has support at Rs 190-200. One could trade that stock keeping a stoploss

  • New inhaler to result in 40% cost saving: Cipla 

    24th March, 2008 11:00

    Cipla is set to launch the world's first triple drug combination inhaler for COPD patients in India. Cipla's brand, Triohale will have triotropium, formoterol and

  • Ignore private banks: Manghnani 

    24th March, 2008 10:58

    Anil Manghnani of Modern Shares & Stock Brokers is of the view that private banks should be avoided for time being. There is too much uncertainty out there. Yes Ba

  • See inflation at 6.5% in coming weeks: Morgan Stanley 

    24th March, 2008 10:56

    Chetan Ahya of Morgan Stanley said inflation may head to 6.5% in coming weeks due to the lag effect of higher commodity prices previously. He added that the RBI ma

  • When the market crashes, it's time to shop

    24th March, 2008 10:52

    Our expert is enthusiastic about the stock market inspite of recent events. Here's why.

  • Cairn India top loser on the Nifty

    24th March, 2008 10:43

    Cairn India is the top loser on the Nifty. At 10:42 am, the share was quoting at Rs 209.10, down Rs 14.4, or 6.44%. It was trading with volumes of 941,782 shares.

  • Aggressive investors can buy bank stocks: Vijay 

    24th March, 2008 10:35

    Portfolio Manager, PN Vijay is of the view that an aggressive investors could get in banking sector because in terms of multipliers and valuations and in the terms

  • HDFC Bank rises nearly 4%

    24th March, 2008 10:26

    At 10:18 am, HDFC Bank was quoting at Rs 1,320, up Rs 49.95, or 3.93%. It was trading with volumes of 7,897 shares. On Wednesday the share closed up 3.11% or Rs 38

  • ICICI Bank top gainer on the Sensex

    24th March, 2008 10:17

    ICICI Bank is the top gainer on the Sensex. At 10:11 am, the share was quoting at Rs 799.85, up Rs 33.50, or 4.37%. It was trading with volumes of 205,690 shares.

  • This week may bring fortunes for Singh & Kanya Rashi

    24th March, 2008 10:12

    According to Major Ajay, CEO of Astromoneyguru this week may bring fortunes for Singh Rashi and Kanya Rashi this is base on moon sign as per Indian astrology. Nift

  • Gujarat Fluoro approves buyback; stk up 10.7%

    24th March, 2008 10:01

    At 09:57 am, Gujarat Fluorochemicals was quoting at Rs 198.50, up Rs 19.30, or 10.77% on the NSE. The company board has approved 10% share Buyback plan. They are g

  • Dow gains 262 points 

    24th March, 2008 09:53

    The market has entered its three-day weekend on an up note with 27 of the Dow’s 30 components in the green, the Dow gained 262 points and Nasdaq up 48.

  • Markets likely to remain volatile

    24th March, 2008 09:48

    According to Khandwala Securities Market Preview report, expect the market to remain volatile for the day following the mixed global sentiments due to recession an

  • Mkts indicating crisis in investor confidence: Manghnani 

    24th March, 2008 09:40

    Anil Manghnani of Modern Shares & Stock Brokers is not sure of how global cues will affect Indian markets this morning. He added that there is some serious concern

  • If inflation at 5%, India to grow at 9%: PN Vijay 

    24th March, 2008 09:36

    Portfolio Manager, PN Vijay feels that markets are slightly bearish. But the last week was the most interesting week because commodities crashed out, but it was a

  • Tata-Fiat JV to sign Rs 4000 cr MoU with Maharashtra govt

    24th March, 2008 09:16

    The Tata-Fiat JV will sign a Rs 4,000 crore MOU with the Maharashtra government today. The new investments will help expand cars and engine transmission manufactur

  • FIIs net buy Rs 1839 cr in Nifty futures 

    24th March, 2008 09:13

    FIIs were net buyers worth Rs 1839 crore in Nifty futures; Open Interest was down by 58,500 contracts. Nifty March futures shed 28 lakh while April futures added 1

  • Top biz men in race for RS seat

    24th March, 2008 09:08

    Elections to the Rajya Sabha are taking place next month and the focus this time is on the surprise pack. The trio now set to enter the portals of RS are people wi

  • Left reacts to FM calling it enemy of poor 

    24th March, 2008 09:00

    The Left parties and Congress are at it again. However, this time, it’s not the nuclear deal, but P Chidambram’s lashing out at the Left while defending his budget

  • Lower range to be tested

    24th March, 2008 08:59

    On the daily chart, we had two important trading lower tops created on the back of strong gap up opening of 500+ points. These trading lower tops are 15465 and 166

  • Amalner - a city of millionaires, thanks to Wipro 

    24th March, 2008 08:54

    Companies are known to make shareholders a part of their growth story. CNBC-TV18’s George Koshy brings the story of a tiny hamlet near Maharashtra, Amalner, the ci

  • Support for Sensex at 13539

    24th March, 2008 08:49

    The crucial support for the Sensex is at 13539 the resistance to the up move at 16550. The crucial support for the Nifty is at 4449-4000 and the resistance to the

  • Money calls: Ramkumar, Sharma

    24th March, 2008 08:46

    The bond market is expected to be nervous on account of higher than expected inflation and lower expectation of rate cut by RBI anytime soon, says Ramkumar.

  • Short selling to start on April 21

    24th March, 2008 08:42

    After over 5 years, we are embarking on the next generation reform in the Indian Capital Markets, the last being introduction of screen based derivatives segment.

  • Centre decides to deal with Cairn cess issue separately

    24th March, 2008 08:39

    The Government has decided to de-link the issue of cess on crude oil from the other approvals required by Cairn India for laying a pipeline to transport the produc

  • GMR Infra sets eyes on Europe, Gulf, Asean

    24th March, 2008 08:35

    With an eye on emerging opportunities in infrastructure globally, the Bangalore-based GMR Infrastructure has established International Business Division (IBD) with

  • Stocks in news: Elecon Engg, Elder Pharma, Unitech

    24th March, 2008 08:30

    Stocks in news: Elecon Engg is planning for Rs 400 cr buy in US/ Europe. Elder Pharmaceuticals has board to meet on March 27 for considering alignment of the busin

  • F&O cues: Futures Open Int down by Rs 1013 cr

    24th March, 2008 08:20

    F&O cues: Nifty Mar Futures shed 28 lakh, Apr Futures add 17 lakh shares in Open Int. Futures Open Int down by Rs 1013 crore, Options Open Int up by Rs 442 crore.

  • Asian markets end higher: Straits Times up 102 points

    24th March, 2008 08:15

    Asian markets ended higher. Singapore's Straits Times was up 102.88 or 3.64% points at 2,927.79. South Korea's Seoul Composite added 0.58% or 9.61 points at 1,655.

  • Rel Energy reschedules buyback offer opening to Mar 25

    24th March, 2008 20:12

    Reliance Energy reschedules buyback offer opening to March 25, reports CNBC-TV18, quoting Newswire18.

  • JP Morgan boosts bid for Bear Sterns to $10/ share

    24th March, 2008 19:45

    Some very stern shareholders at Bear Sterns have got what they wanted. JP Morgan Chase has upped the amount of money it will pay for Bear Sterns. JP Morgan will no

  • NCDEX – Trade Details for March 24, 2008

    24th March, 2008 19:39

    NCDEX, 502 members (2,463 users) participated in trading on March 24, 2008 up to 5:00 pm and volumes were Rs 2,883 crore (one-way). There were more than 64,547 t

  • KS Oils welcomes Govt’s move to reduce duties on oil

    24th March, 2008 18:58

    K S Oils, one of India’s leading integrated edible oil company and the leader in the Packaged Mustard Oils business, welcomed the Government’s move in reducing imp

  • Sage appoints Sue Swenson, President & CEO of N American

    24th March, 2008 18:36

    The Sage Group plc announces that it has appointed Sue Swenson as President and CEO, Sage North America, effective from May 1, 2008

  • Kotak Mahindra Asset Management launches 13 months FMP

    24th March, 2008 18:27

    Kotak Mutual Fund has launched 13 months Fixed Maturity Plan. Kotak FMP 13M Series 4, a close-ended debt fund, opened on March 24, 2008 and will close on March 27,

  • Realty analysts predict 5-10% correction over next 3-4 yrs

    24th March, 2008 18:11

    After touching record highs commercial rentals have started softening. Real estate analysts and consultants are predicting an annual correction of around 5-10% ove

  • IAS officer exodus new worry for govt 

    24th March, 2008 18:01

    The constant movement of government employees to the private sector has resulted in several infrastructure and developement projects getting delayed because many I

  • Mukesh Ambani's confidantes in the race for RS berth 

    24th March, 2008 17:52

    Mukesh Ambani may not be a marathon runner like his brother, but he knows how to make people run. So, unlike Anil, who entered the Rajya Sabha as a Samajwadi Party

  • Hanish Bansal awarded Young Achiever Award '07

    24th March, 2008 17:35

    Hanish Bansal, Executive Director of RG Stone Urology & Laparoscopy Hospital awarded with 'Young Achiever Award 2007'. The award was in recognition for his contrib

  • Stocks to watch: Infosys 

    24th March, 2008 17:24

    It was an eventful start to the week with the indices see-sawing through the day and the bulls managing to fend off profit booking. Nifty closed at 4,610 up 36 poi

  • Maytas, Nagarjuna Cons partner with Paschal-Werk G Maier

    24th March, 2008 17:07

    Maytas Infra and Nagarjuna Constructions partner with Paschal-Werk G. Maier GmbH, Germany to establish a state-of-the-art Formwork Factory in Vizag

  • Aries Agro opens manufacturing unit

    24th March, 2008 16:55

    Aries Agro Ltd is responding to growing needs of Indian farmers with the opening of a new manufacturing unit for secondary and micro nutrients as well as water sol

  • Sensex closes at 15,350 propelled by few stocks 

    24th March, 2008 16:36

    It will close above that 4,600 mark for the Nifty. The Sensex propelled by a few stocks will give a 2% plus bounce today at 15,350 and the midcap index has closed

  • Wipro has a good 5-6% upside: Mohindar 

    24th March, 2008 16:17

    Rahul Mohindar of viratechindia.com is of the view that Wipro has a good 5-6% upside.

  • BT Frontline deal completes

    24th March, 2008 16:15

    BT announced that the acquisition of Frontline Technologies Corporation Ltd. has successfully completed and the new company will start operations immediately under

  • Global cues to drive mkts in near-term: Pranav Sec 

    24th March, 2008 16:10

    Speaking to CNBC-TV18, Rajesh Jain of Pranav Securities said that there is substantial leverage pressure on the market as far as the Tier-II and Tier-III stocks ar

  • Mkts look weak and lack confidence: Rada Advisors 

    24th March, 2008 16:04

    Nitin Raheja, CIO, Rada Advisors said the markets are looking weak at this point of time. He told CNBC-TV18 that this is the reason why bad news is getting exagger

  • RK Sharma gets lifer in Shivani Bhatnagar murder case

    24th March, 2008 15:59

    Convicted for the murder of journalist Shivani Bhatnagar, former IPS Officer RK Sharma has been given a life sentence by the Delhi High Court.

  • Jagmohan Dalmiya to be charged for stealing Rs 3 cr

    24th March, 2008 15:55

    Former BCCI Chief Jagmohan Dalmiya is in trouble as the Mumbai Police may charge him of stealing Rs 3 crore of BCCI money during the 1996 Cricket World Cup. Econom

  • AMRO Opportunities Fund declares dividend of 40%

    24th March, 2008 15:45

    ABN AMRO Mutual Fund has announced a dividend of 40% in ABN AMRO Opportunities Fund, for which the record date has been fixed as March 25, 2008.

  • Bajaj Holdings, BEML, Rel Power hit 52-week lows

    24th March, 2008 15:45

    Markets closed higher but few stocks got hammered during the intraday fall of midcap and smallcap indices. During the intraday fall lots of stocks touched their 52

  • Why are cos on a buyback spree? 

    24th March, 2008 15:40

    Many companies have announced buyback plans today, a CNBC-TV18 analyst said. But is there anything to be read beyond the numbers? Companies might be buying back sh

  • Sethi Finmart positive on Bombay Rayon, Gremach Infra 

    24th March, 2008 15:36

    Vikas Sethi, MD at Sethi Finmart is positive on Bombay Rayon and Gremach Infrastructure. Speaking to CNBC-TV18, he says that Bombay Rayon is expected to achieve a

  • New test portal registered two million hits

    24th March, 2008 15:25

    Recently launched `successrunway.com', a portal offering online test series for students aspiring to get into professional institutes like IIT, NIT and engineering

  • Bad day for the market; Midcap index down 3%  

    24th March, 2008 15:16

    It has been a bad day for the market, do not let the Sensex or the Nifty fool you for a second it has just been very bad. We have just 150 advancing stocks in a ma

  • M&M appoints Vinay Deshpande as VP, HR, Financial Services

    24th March, 2008 15:13

    Vinay Deshpande as VP, HR, Financial Services Sector. Mr. Deshpande is an MBA in Human Resources from the Symbiosis Institute of Business Management (SIBM) Pune, a

  • MEL to deliver projects with NetApp Storage Systems

    24th March, 2008 15:09

    Maya Entertainment Ltd is gearing up for a busy year of high end projects. The Mumbai-based animation studio is in the process of delivering two hi-definition inte

  • Max India maintain its march ahead

    24th March, 2008 15:05

    At 2:59 pm, Max India was quoting at Rs 134.85, up Rs 10.60, or 8.53%. It has touched an intraday high of Rs 134.85 and an intraday low of Rs 125. It was trading w

  • AMD gets DisplayPort Certification for PC Graphics

    24th March, 2008 15:00

    The Video Electronics Standards Association (VESA) has delivered its first full DisplayPort™ certification of PC graphics products to AMD (NYSE: AMD) and its ATI R

  • Nokia launches Nokia 8800 Sapphire Arte

    24th March, 2008 14:59

    Technology meets elegance with the latest Nokia 8800 Sapphire Arte. The Nokia 8800 Sapphire Arte inspired from nature makes a unique statement with its single Sapp

  • Realty collapses; Ansal Infra, Parsvnath worst hit

    24th March, 2008 14:49

    Realty sectors have taken second worst hit in today’s market. The Realty Index was down by 5.5%. Realty stocks are very volatile and they go down significantly in

  • Birla Equity Plan declares 60% dividend

    24th March, 2008 14:46

    Birla Equity Plan has announced a dividend of 60%, for which the record date has been fixed as March 28, 2008.

  • 20 Microns to invest Rs 42 cr for capacity expansion 

    24th March, 2008 14:43

    20 Microns will issue 94.25 lakh shares, which will constitute 49.10% of post issue paid-up equity capital. Chandresh S Parikh, CMD at 20 Microns, said that they i

  • Bombay Rayon has target of Rs 500: Sethi 

    24th March, 2008 14:40

    Vikas Sethi, MD of Sethi Finmart is of the view that Bombay Rayon has target of Rs 500. This company has recently announced its investment plans of investing aroun

  • Bajaj Hindustan loses sweetness

    24th March, 2008 14:34

    At 2:27 pm, Bajaj Hindustan was quoting at Rs 164.40, down Rs 22.25, or 11.92%. It has touched an intraday high of Rs 195 and an intraday low of Rs 164. It was tra

  • Demerger likely to be effective from April 1: GHCL 

    24th March, 2008 14:33

    GHCL plans to demerge into three separate entities – soda ash, retail, and home textiles, reports CNBC-TV18. The company will continue to remain listed, housing th

  • Knight Frank expects 10-15% correction in realty prices 

    24th March, 2008 14:25

    Gulam Zia, Head of Advisory Serices, Knight Frank told CNBC-TV18 that the stock markets were not doing too well and the direct impact was felt on real-estate. In

  • Welspun bags Rs 1075cr order

    24th March, 2008 14:15

    Welspun Gujarat Stahl Rohren Limited has bagged prestigious pipeline orders worth Rs 1075 crores for the supply of Spiral Pipes in Northern Africa. The new order h

  • Aban Offshore dips further

    24th March, 2008 14:10

    At 2:02 pm, Aban Offshore was quoting at Rs 2,730, down Rs 415.4, or 13.21%. It has touched an intraday high of Rs 3,199.90 and an intraday low of Rs 2,582.05. It

  • Concrete gain for Mangalam Cement

    24th March, 2008 13:50

    At 1:43 pm, Mangalam Cement was quoting at Rs 118, up Rs 7.75, or 7.03%. It has touched an intraday high of Rs 119 and an intraday low of Rs 111.35. It was trading

  • ICICI Bank adds 8.7 lakh shares in April future OI 

    24th March, 2008 13:45

    Market wide rollovers is somewhere between 16-17%. It was at about 30-35% over the last few expiries and that was on an even larger OI base. ICICI Bank has seen so

  • Reliance Energy loses further ground

    24th March, 2008 13:29

    At 1:21 pm, Reliance Energy was quoting at Rs 1,133.70, down Rs 72.8, or 6.03%. It has touched an intraday high of Rs 1,236 and an intraday low of Rs 1,108.10. It

  • Ordyn Tech to announce Next-Gen WiMAX solutions

    24th March, 2008 13:10

    Ordyn Techologies is all set to announce its new WiMAX solution at 16th Convergence India 2008 in Delhi . Convergence is South Asia’s largest and the most prominen

  • Ybrant’s Oridian wins Goal.com France Advertising Deal

    24th March, 2008 12:56

    Oridian, Ltd., (a subsidiary of Ybrant Digital) the largest privately owned advertising network, and Goal.com, the world's largest website for international soccer

  • Welspun Guj bags Rs 1,100 cr order from N Africa 

    24th March, 2008 12:55

    Welspun Gujarat has bagged an order worth Rs 1,100 crore for spiral pipes from North Africa. BK Mishra, CEO, Welspun Gujarat told CNBC-TV18 that the company’s orde

  • IFCI, Ispat look weak: Manghnani 

    24th March, 2008 12:49

    Anil Manghnani of Modern Shares & Stock Brokers is of the view that IFCI and Ispat are looking weak.

  • Jain Irrigation backs on track

    24th March, 2008 12:40

    At 12:35 pm, Jain Irrigation Systems was quoting at Rs 595, up Rs 41.65, or 7.53%. It has touched an intraday high of Rs 599 and an intraday low of Rs 531.05. It w

  • Tata Steel melts down

    24th March, 2008 12:33

    At 12:26 pm, Tata Steel was quoting at Rs 611.50, down Rs 25.8, or 4.05%. It has touched an intraday high of Rs 647 and an intraday low of Rs 610. It was trading w

  • Radware becomes global BEA select partner

    24th March, 2008 12:20

    Radware, the leading provider of integrated application delivery solutions for business-smart networking, is proud to announce today a global partnership with BEA

  • HNI interest not waning; good bargains available: Experts 

    24th March, 2008 12:10

    Deepak Sharma of IL&FS Investsmart is of the view that PMS concentration is sector specific and in select stocks. He thinks there are still good bargains available

  • Amtek Auto touches 52-week low

    24th March, 2008 12:07

    Amtek Auto has touched a 52-week low of Rs 228. At 12 pm, the share was quoting at Rs 229.25, down Rs 12.4, or 5.13%. There was a block deal of 49 lakh Amtek Auto

  • Jaiprakash Asso top loser on Sensex

    24th March, 2008 11:54

    Jaiprakash Associates is top loser on the Sensex. At 11:47 am, the share was quoting at Rs 195.90, down Rs 8.1, or 3.97%. It has touched an intraday high of Rs 213

  • Nifty to see 4400-5000 range in 2 weeks: K&A Secs 

    24th March, 2008 11:51

    Sushil Kedia, K&A Securities feels that the chances for a 200-300 point rally on Nifty are far more than the prospects of the Nifty going back to 5400 levels right

  • NALCO gushes forth

    24th March, 2008 11:49

    At 11:40 am, National Aluminium Company, NALCO was quoting at Rs 462, up Rs 16.35, or 3.67%. It has touched an intraday high of Rs 468 and an intraday low of Rs 44

  • Block deal in Godrej Consumer, stock down

    24th March, 2008 11:40

    At 11:32 am, Godrej Consumer Products was quoting at Rs 128, down Rs 1.65, or 1.27%. It has touched an intraday high of Rs 130.95 and an intraday low of Rs 125.60.

  • Siemens among major losers

    24th March, 2008 11:29

    Siemens is among major losers on the Nifty. At 11:27 am, the share was quoting at Rs 628, down Rs 24.85, or 3.81%. It has touched an intraday high of Rs 665 and an

  • Elder Pharma in poor health

    24th March, 2008 11:23

    At 11:15 am, Elder Pharmaceuticals was quoting at Rs 350, down Rs 5.8, or 1.63%. The company board is going to meet on March 27 for considering alignment of the bu

  • Aurobindo expands in Europe

    24th March, 2008 11:20

    Aurobindo Pharma is pleased to announce that it has recently concluded a strategic deal, for acquisition of Intellectual Property & Marketing Authorizations, with

  • Subscribe to Titagarh Wagons IPO: Hem Sec

    24th March, 2008 11:10

    Titagarh Wagons has opened for subscription with its IPO of 23,83,768 lakh equity shares of face value Rs 10 each. The issue will close on March 27, 2008. HEM Secu

  • IndusInd Bank minting money

    24th March, 2008 11:00

    At 10:58 am, IndusInd Bank was quoting at Rs 75.50, up Rs 5.85, or 8.40%. It has touched an intraday high of Rs 77.20 and an intraday low of Rs 68.10. It was tradi

  • S Kumars Nationwide plunges 23%

    24th March, 2008 10:57

    S Kumars Nationwide has continued to down. At 10:50 am, the share was quoting at Rs 88, down Rs 26.25, or 22.98%. It has touched an intraday high of Rs 118.80 and

  • Indian GDRs: Hindalco down 8.7%, Ranbaxy up 8%

    24th March, 2008 10:53

    Indian GDRs: Hindalco, ITC, Infosys and Reliance plunged, while Ranbaxy, Wipro, VSNL, Bajaj Auto, Dr Reddy's, HDFC BAnk, ICICI Bank gained.

  • Crude trading at above USD 100/bbl 

    24th March, 2008 10:45

    We saw 11% of a cut in crude oil prices and have declined from nearly USD 112 to a low of USD 98.65 on Thursday. But the closing on the weekend came above USD 101

  • Dena Bank slips further

    24th March, 2008 10:42

    At 10:37 am, Dena Bank was quoting at Rs 47.80, down Rs 2.45, or 4.88% on the NSE. It was trading with volumes of 309,077 shares. On Wednesday the share closed dow

  • 6th Pay Commission to see pay hikes by 40% 

    24th March, 2008 10:33

    In the 6th Pay Commission, the expected outgo to exchequers will be around Rs 13,000 crore to Rs 15,000 crore, reports CNBC-TV18. The increase in basic pay will be

  • HDFC among major gainers

    24th March, 2008 10:20

    HDFC is among major gainers on the Sensex. At 10:10 am, the share was quoting at Rs 2,282 up Rs 69.05, or 3.12%. It was trading with volumes of 4,227 shares. On We

  • Govt to issue oil bonds worth Rs 9080 cr by month-end

    24th March, 2008 10:15

    The Government has said that that it would issue oil bonds worth Rs 9080 crore by the month-end, reports Newswire 18.

  • Great Offshore to consider buyback, stk up 5.5%

    24th March, 2008 10:07

    At 10:03 am, Great Offshore was quoting at Rs 624, up Rs 32.60, or 5.51% on the NSE. The company has board meet on March 31 to consider buyback, reports CNBC-TV18.

  • Market may see some gains today

    24th March, 2008 09:56

    European markets declined on Thursday, while the US indices made a strong move. All European and American stock and commodity markets were closed on Friday. Most A

  • Expect positive opening: Networth

    24th March, 2008 09:50

    According to Networth Stock Broking Market Review report, the Markets are expected to open positive and remain rangebound following its global peers. The Sensex fa

  • Mkt ends in green: Banks up; Midcaps, metal down

    24th March, 2008 09:48

    The markets are lacklustre with Nifty and broader markets in red. Sensex is trading in greenwith buying seen in select largecap IT and bank stocks. Breadth has wor

  • Nifty may rally upto 4684-4793: Angel

    24th March, 2008 09:38

    According to Angel Broking Market Outlook report, if Nifty trades above 4609 level during the first half-an-hour of trade then we may witness a further rally upto

  • Weak credit offtake nos of banks not good sign 

    24th March, 2008 09:36

    Bond deals are going up, inflation is going up and credit growth is slowing down cannot be read as good for banking stocks. Sentimentally it will continue to be ha

  • Uncertainty still lingering in mkts 

    24th March, 2008 09:14

    We come back after a really long weekend and global markets have been flip-flopping over the weekend - down one day, up the next and this morning you find the Asia

  • Absolutely nothing in this mkt for retail at this point

    24th March, 2008 09:11

    One worrying trend has been the way market breadth has shrunk and even on optically good days, we saw negative market breadth. This can never be good news for reta

  • Rupee opens at Rs 40.41 per dollar

    24th March, 2008 09:01

    The Indian Rupee opened at Rs 40.41 per dollar versus Rs 40.42 Wednesday.

  • Bullish on Japan: Tyche Group 

    24th March, 2008 08:59

    Stephen Gollop, CEO at Tyche Group says everyone is looking in Fed direction and nobody is quite sure where we are in terms of the whole debt positions. Speaking t

  • Nifty has support at 4300

    24th March, 2008 08:56

    On the downside, 4300 is a strong support and Nifty may test this level in this week itself.

  • Buy MCX Gold April on dips to Rs 11855

    24th March, 2008 08:53

    For gold, one could buy MCX April on dips to Rs 11,855 per 10 gram, says Gnanasekhar.

  • B'lore's new airport still in the making 

    24th March, 2008 08:47

    Despite its claims, Bangalore's much anticipated new international aiport has been bogged by controversies. It has to keep its March 30 deadline, reports CNBC-TV18

  • Support for Nifty at 4448-4353

    24th March, 2008 08:43

    The support for the Nifty is at 4448-4353 and resistance to the up move at 4640.

  • Bulls likely to be under pressure

    24th March, 2008 08:40

    The outlook for the markets today is that of caution optimism as the overseas cues will impact domestic sentiments due to local holidays. Should the cues be negati

  • Indian Bank is 100% CBS-compliant

    24th March, 2008 08:37

    The Union Finance Minister, Mr P. Chidambaram, declared that Indian Bank has become 100% CBS (Core Banking Solution)-compliant by linking all its 1,523 branches un

  • Equity calls: Khade, Jain, Sukhani

    24th March, 2008 08:34

    The market is likely to trade lower this week. Commodity prices cooling off is a good sign and will ease inflationary pressure, says Khade.

  • HP restructures R&D division

    24th March, 2008 08:29

    Recently in Palo Alto Hewlett Packard, the largest global manufacturer of printers and personal computers, has restructured HP Labs, its research and development d

  • Market cues: FIIs net sell $170.50 mn

    24th March, 2008 08:17

    Market cues: FIIs net sell USD 170.50 million. MFs net buy Rs 65 cr in equity on Mar 18.

  • Titagarh Wagons IPO opens for subscription

    24th March, 2008 08:00

    Titagarh Wagons is open for subscription with an initial public offering, IPO of 24.87 lakh shares, including fresh sale of 3.15 lakh shares by Mrs Savitri Devi an

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