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Moneycontrol News Archive : 31 March, 2008

  • Govt’s move on inflation: Too little, too late

    31st March, 2008 20:56

    The government machinery is working on a war footing to ensure that it’s worst fear doesn’t come true. Last Friday’s 6.68% inflation figure could ideally be less t

  • Long positions no longer justified: Technical Trends

    31st March, 2008 20:01

    Sudarshan Sukhani of Technical Trends has a view that since 4750 was decisively broken, and the Nifty has closed below that level, the uptrend is over.

  • SAIL CSR projects inaugurated by Pranab Mukherjee

    31st March, 2008 19:09

    Pranab Mukherjee inaugurates SAIL CSR projects in Murshidabad. The total cost of the two projects undertaken by SAIL is about Rs. 60 lakh.

  • Inatech receives applause from Oracle

    31st March, 2008 18:46

    Inatech Solutions; a part of California Software Company Limited has been honored by Oracle, for “Customer Success - Applications” at its 2008 UK Partner Awards.

  • Now, luxury apparel for Indian men 

    31st March, 2008 18:35

    Apparel and accessories make up almost 75% of luxury sales in India. And it's the new metrosexual Indian man that is driving apparel sales. This is what is attract

  • TCS wins deal as ArvinMeritor’s global engineering partner

    31st March, 2008 18:26

    Tata Consultancy Services announced it has signed a five-year, multi-million dollar contract to be the global engineering partner of ArvinMeritor, a premier global

  • V Sumantran joins Hinduja Automotive

    31st March, 2008 18:18

    Dr. V Sumantran joins Hinduja Automotive as Executive Vice Chairman. This appointment reinforces the ambitious expansion plans of the Hinduja Group in auto and aut

  • Bajaj Allianz, ASSIST-CARD launch travel insurance

    31st March, 2008 18:09

    Bajaj Allianz General Insurance, one of the leading general insurance companies in India and ASSIST-CARD International, a renowned top international Travel Insuran

  • Cairn India (Consolidated) financial results of 2007

    31st March, 2008 17:58

    Cairn India Limited (Consolidated) financial results of 2007

  • No recommending stocks on subjective info: Sebi draft plan

    31st March, 2008 17:46

    The Securities and Exchange Board of India, or Sebi, has come out with its draft proposal, reports CNBC-TV18. As per the proposal, the regulators wants to ban brok

  • India Infoline to be Auerbach Grayson’s broker partner

    31st March, 2008 17:40

    India Infoline to be Auerbach Grayson’s exclusive broker partner to expand trading and market coverage in India. Auerbach Grayson specializes in providing global t

  • Spanco to issue computerized ration cards in Maharashtra

    31st March, 2008 17:20

    Spanco bag mandate to issue computerized ration cards in Maharashtra. The entire rationing system in the state will undergo a sea change with the issuing of over 1

  • Buy stocks selectively and cautiously: Experts 

    31st March, 2008 17:11

    Dipan Mehta, Member, BSE and NSE, said investors could wait for a clearer picture to emerge on the earnings front before one takes an investment bet which could be

  • In focus: UBS India Securities Private Limited

    31st March, 2008 17:07

    UBS is one of the leading financial firms in the world, with offices in 50 countries and business organized into key distinct areas of equities - fixed income, rat

  • Go short on Orchid Chemicals: Mohindar 

    31st March, 2008 17:00

    Rahul Mohindar of viratechindia.com advises to go short on Orchid Chemicals.

  • Hinduja Group looking at acquiring French co Valeo 

    31st March, 2008 16:56

    CNBC-TV18 understands that the Hinduja Group is looking at buying Valeo, one of the key auto component suppliers in Europe and France particularly. Numbers are flo

  • Siemens India has support at Rs 580: Mohindar 

    31st March, 2008 16:47

    Rahul Mohindar of viratechindia.com is of the view that Seimens India has support at Rs 580 and expects some consolidation in the stock over the next couplr of wee

  • Stocks to watch: Infosys, Siemens

    31st March, 2008 16:40

    It was a terrible day for for markets with frontline indices ending with huge losses. It closed near the day's low with heavy selling pressure in banking and IT st

  • Real estate stocks likely to retest lows: Gujral 

    31st March, 2008 16:32

    Technical Analyst, Ashwani Gujral is of the view that Real estate stocks are likely to retest lows.

  • Import duty on food items likely to be scrapped 

    31st March, 2008 16:28

    Export ban on edible oil has already been done, we have already seen import duty cuts happening from 75 to 50% to 20% on the lower side and as per market expectati

  • India Cap Mkts advises selective buying in volatile times 

    31st March, 2008 16:21

    Ashish Maheshwari, MD at India Capital Markets has a view that ICAI guidelines on Forex derivatives is one of the reason behind the market carnage today. Speaking

  • ICICI Bank has support at Rs 740-750: Gujral 

    31st March, 2008 16:15

    Technical Analyst, Ashwani Gujral is of the view that ICICI Bank has support at Rs 740-750 and if that support gets taken out it could head all the way down to Rs

  • Euro mkts seeing pressure from banking industry: Baccardax 

    31st March, 2008 16:10

    Martin Baccardax, News Editor, CNBC Europe said there is a confluence of events today as it is the last day of the quarter and people are squaring their positions.

  • IHG: 14 new-look Holiday Inn Hotels under development

    31st March, 2008 15:56

    IHG, one of the world's largest hotel groups by number of rooms, is enjoying robust growth in India with 14 new-look Holiday Inn hotels in various stages of develo

  • BILT sees 40% jump in FY09 EPS 

    31st March, 2008 15:53

    B Hari Haran, Group Director of Finance, Ballarpur Industries, or BILT, said the company’s current EBITDA margin is around 25%, which might go up to 25-25.5%. He a

  • Buy Century Textile, tgt Rs 1019: HEM Securities

    31st March, 2008 15:45

    HEM Securities has maintianed buy rating on Century Textile with target price of Rs 1019. Looking at the mega expansion plans of the company the stock looks good i

  • M&M signs MoU with Govt of Maharashtra to invest Rs 1500cr

    31st March, 2008 15:40

    Mahindra & Mahindra, the leading Indian multinational, reputed for its association with the Indian automotive industry for 62 years, signed a Memorandum of Underst

  • Roca opens 50th brand store in India

    31st March, 2008 15:15

    Roca, the world leader in sanitary ware, launched its 50th showroom in Chennai to mark a year of the company’s entry into India. The new store was inaugurated by M

  • Buy Ballarpur Ind Target Rs 45: Emkay

    31st March, 2008 15:05

    Emkay research has maintained a buy rating on Ballarpur Industries with a target price of Rs 45. Emkay expects BILT’s revenues to increase from Rs 23.2 bn in FY07

  • Buy Power Finance Corporation, tgt Rs 268: HEM Sec

    31st March, 2008 15:01

    HEM Securities has come out with research report on Power Finance Corporation with target price of Rs 268 implying upside potential of 60%.

  • Kanoria Chemicals commissions 2nd Caustic Soda plant

    31st March, 2008 14:58

    Kanoria Chemicals & Industries Limited (KCI), India’s leading manufacturer of chemical intermediates announced commissioning of its second 110 TPD capacity Caustic

  • Amara Raja’s PowerZone is one stop shop for power solutions

    31st March, 2008 14:49

    Amara Raja’s revolutionary retail store format for the rural consumer, PowerZone is a one stop shop for power solutions

  • Buy Infosys on declines: Mathew 

    31st March, 2008 14:45

    Technical Analyst, E Mathew is of the view that one can buy Infosys Technologies on declines.

  • DAMAC Properties signs 60 real estate agents across India

    31st March, 2008 14:40

    DAMAC Properties - the largest real estate developers and luxury lifestyle provider in the Middle East signed up with 60 agents in India across metros and tier one

  • Unisys Global Services assessed at CMMI Maturity Level 5

    31st March, 2008 14:31

    Unisys Global Services India assessed at CMMI Maturity Level 5. Software Development Group of Unisys India Assessed at Highest Rating in Software Engineering Insti

  • Invest in RIL for long term: Bhambwani 

    31st March, 2008 14:22

    Technical Analyst, Vijay Bhambwani advocates to invest in Reliance Industries for long term. The upsides is more than Rs 2,600 for the short-term players in case t

  • State Bank of India takes dip

    31st March, 2008 14:14

    At 2:06 pm, State Bank of India, SBI was quoting at Rs 1,595, down Rs 84.65, or 5.04%. It has touched an intraday high of Rs 1,669 and an intraday low of Rs 1,590.

  • ICAI's MTM move to clear investor uncertainty: Experts 

    31st March, 2008 14:09

    ICAI has urged firms to reveal their MTM losses on all outstanding derivative contracts in their balance sheets this qtr. So, what does this move mean for India In

  • Kotak Mahindra Bank continues to fall

    31st March, 2008 14:04

    At 1:56 pm, Kotak Mahindra Bank was quoting at Rs 623.55, down Rs 47.6, or 7.09%. It has touched an intraday high of Rs 671 and an intraday low of Rs 613. It was t

  • Tata Steel has target of Rs 800: Bhambwani 

    31st March, 2008 14:00

    Technical Analyst, Vijay Bhambwani expects Tata Steel has short term target of Rs 800. It is quite dependent on international commodity prices. The downside potent

  • Italian oil major ENI may make open offer: Srcs

    31st March, 2008 13:57

    Italian oil major ENI is likely to make an open offer. ENI indirectly holds 27% stake in HOEC.

  • HUL selves plan to sell Banglore property; stk down

    31st March, 2008 13:52

    At 1:43 pm, Hindustan Unilever, HUL was quoting at Rs 238.85, down Rs 3.35, or 1.38%. It has touched an intraday high of Rs 244 and an intraday low of Rs 237.50. T

  • R Seshasayee awarded the Sir Jehangir Ghandy Medal

    31st March, 2008 13:40

    Mr R Seshasayee, Managing Director, Ashok Leyland, was awarded the prestigious Sir Jehangir Ghandy Medal for Industrial and Social Peace by XLRI, Jamshedpur at the

  • RNRL sheds 12.5 lakhs shares in open interest 

    31st March, 2008 13:35

    RNRL is one of the stock which has seen the biggest OI cut of around 12.5 lakh shares on the F&O and also the volumes are around Rs 200 crore and the spot prices t

  • Mkts seeing strong fiscal steps by govt to curb inflation 

    31st March, 2008 13:28

    There is a lack of buying interest among institutional investors today. The flows are mixed; the buy/sell ratio is 1:2. The domestic funds are on sidelines. The ma

  • Axis Bank opens branches at Sion & New Panvel

    31st March, 2008 13:21

    Axis Bank has stepped into Sion and New Panvel today. Mr. S. K. Nandi, President, Axis Bank, inaugurated the Bank's new branches at Vijay Sadan, Corner of Road No.

  • FM vows to leash inflation in short term

    31st March, 2008 13:11

    The Union Finance Minister P Chidambaram blamed the extraordinary increase in the prices of food grains, pulses, edible oil, in addition to similar increases in pr

  • Four Soft-Take Solutions to merge in 2 months 

    31st March, 2008 12:56

    Srikanth Palem Reddy, MD of Four Soft said that he see synergies between Take Solutions and Four Soft. The two companies are planning a merger and the process coul

  • Mahindra lends support to AIDS outreach adventure rally

    31st March, 2008 12:54

    Mahindra & Mahindra Ltd., one of India’s leading auto brands, is lending support to an AIDS outreach adventure rally, a unique initiative organized by INS Viraat,

  • HDFC among major losers

    31st March, 2008 12:49

    HDFC is among major losers on the Sensex. At 12:41 pm, the share was quoting at Rs 2,441, down Rs 172.5, or 6.6%. It has touched an intraday high of Rs 2,611 and a

  • Hold Cairn India for long term: Joshi 

    31st March, 2008 12:43

    Sharmila Joshi of Prabhudas Lilladher is of the view that one can hold Cairn India with a long term perspective. At current levels certainly it is not a sell. Look

  • Yes Bank slips further

    31st March, 2008 12:40

    At 12:32 pm, Yes Bank was quoting at Rs 172.65, down Rs 10, or 5.47%. It has touched an intraday high of Rs 182 and an intraday low of Rs 171.40. It was trading wi

  • TCS plunges 6.4%

    31st March, 2008 12:33

    At 12:25 pm, Tata Consultancy Services, TCS was quoting at Rs 813.85, down Rs 56.25, or 6.46%. It was trading with volumes of 72,871 shares. On Frieday the share c

  • STT to be treated like any other deductible expenditure

    31st March, 2008 12:30

    At present Securities Transaction Tax, STT paid is allowed as rebate against tax liability. Henceforth, STT paid will be treated like any other deductible expendit

  • Former Yamaha India MD may join Bajaj Auto as Advisor

    31st March, 2008 12:25

    Former Yamaha India MD Tomotaka Ishikawa will join Bajaj Auto, reports CNBC-TV18, quoting sources. Ishikawa will join Bajaj Auto as a Full-Time Advisor from April

  • Alembic in good health

    31st March, 2008 12:18

    At 12:09 pm, Alembic was quoting at Rs 59.50, up Rs 4.60, or 8.38%. It has touched an intraday high of Rs 60.45 and an intraday low of Rs 54.10. It was trading wit

  • GAEL starts production at new Maize Processing Plant

    31st March, 2008 12:14

    Gujarat Ambuja Exports Ltd, a frontline Agro Processing Company of India reported the commencement of commercial production at its new Maize Processing Plant of 50

  • Gujarat NRE Coke moves down

    31st March, 2008 12:08

    At 12:01 pm, Gujarat NRE Coke was quoting at Rs 144.50, down Rs 7.25, or 4.78%. It has touched an intraday high of Rs 152 and an intraday low of Rs 142.50. The com

  • Nagarjuna Fert up on sell of 26% in Udupi

    31st March, 2008 12:01

    At 11:52 am, Nagarjuna Fertilisers and Chemicals was quoting at Rs 39.05, up Rs 0.60, or 1.56%. It has touched an intraday high of Rs 40 and an intraday low of Rs

  • L&T bags Rs 576cr order from HPCL

    31st March, 2008 11:57

    Larsen & Toubro has been awarded a Rs 576 crore order by Hindustan Petroleum Corporation Limited

  • Expect 20% upside in Orchid Chem: R Shah 

    31st March, 2008 11:50

    Rajen Shah of Angel Broking is of the view that one can expect 20% upside in Orchid Chemicals.

  • Cairn India CY07 revenues at Rs 1012.2 cr

    31st March, 2008 11:46

    Cairn India has announced its fourth quarter results. The company’s Q4 revenues were stood at Rs 266.7 crore. (Rs 2.66 billion). Its net loss for the quarter was a

  • Weakening dollar hits IT sector; IT index down 4.5%

    31st March, 2008 11:44

    Heavy selling is seen in real estate, banking, technology and metal stocks. BSE IT index is down 4.5%; as Rupee as strengthened against the dollar. It is trading a

  • BILT can give 25% returns: R Shah 

    31st March, 2008 11:38

    Rajen Shah of Angel Broking is of the view that Ballarpur Industries, BILT can give 25% returns in about 12 months timeframe.

  • Buy Cairn India at Rs 180-190: R Shah 

    31st March, 2008 11:30

    Rajen Shah of Angel Broking is of the view that one can buy Cairn India at Rs 180-190. This company should report good numbers from FY10 onwards and so for the cur

  • Re has higher chance of going to 42.5-42.9 range: K&A 

    31st March, 2008 11:08

    Sushil Kedia, Head - Institutional Equities, K&A Securities, said as of now prospects exist for the upmove to travel all the way upto 5,240 but perhaps not higher.

  • India preferred long-term story in Asia: JF Asset Mgmt 

    31st March, 2008 10:56

    Geoff Lewis, Head of Investment Services at JF Asset Management feels that India is still a preferred long-term story in Asia for 2008. He said that it is too earl

  • Reliance Capital has resistance at Rs 1486: Manghnani 

    31st March, 2008 10:44

    Anil Manghnani of Modern Shares & Stock Brokers is of the view that Reliance Capital has resistance at Rs 1486. If it can cross that then its good for about Rs 1,7

  • HDFC Bank among major losers

    31st March, 2008 10:31

    HDFC Bank is among major losers on the Sensex. At 10:23 am, the share was quoting at Rs 1,357.10, down Rs 43.95, or 3.14%. It was trading with volumes of 18,938 sh

  • How senior citizens can get richer!

    31st March, 2008 10:30

    Smart investing advice from our expert.

  • Cairn India plunges 5%

    31st March, 2008 10:16

    At 10:08 am, Cairn India was quoting at Rs 218.20, down Rs 11.9, or 5.17%. It has touched an intraday high of Rs 229.70 and an intraday low of Rs 217.05. It was tr

  • Ispat Industries gains further ground

    31st March, 2008 10:14

    At 10:07 am, Ispat Industries was quoting at Rs 34, up Rs 1.55, or 4.78%. It was trading with volumes of 2,950,950 shares. On Friday the share closed up 5.70% or R

  • Orchid Chemicals moves up smartly

    31st March, 2008 10:08

    Orchid Chemicals and Pharmaceuticals has continued to gain. At 10:01 am, the share was quoting at Rs 148.90, up Rs 4.70, or 3.26%. It was trading with volumes of 2

  • Infosys top loser on the Nifty

    31st March, 2008 10:04

    Infosys Technologies is the top loser on the Nifty. At 09:59 am, the share was quoting at Rs 1,466.00, down Rs 55.2, or 3.63%. It was trading with volumes of 35,26

  • Cairn CY07 net loss at Rs 24.5 cr; writes off Rs 251.2 cr

    31st March, 2008 09:59

    Cairn India has announced its CY07 numbers. It has posted consolidated net loss of Rs 24.5 crore and net sales of Rs 1,012.2 crore. Cairn India has written off Rs

  • Amtek Auto skids 8.5%

    31st March, 2008 09:56

    Amtek Auto has slipped today. At 09:55 am, the share was quoting at Rs 244.80, down Rs 22.95, or 8.57% on the NSE. It was trading with volumes of 15,536 shares. On

  • Nifty may correct to 4835: Angel

    31st March, 2008 09:51

    According to Angel Broking Market Outlook report, if Nifty trades below 4903 for the first half-an-hour of trade then it may correct upto 4835.

  • Mkt ends with a sharp cut near day's low: Nifty below 4,750

    31st March, 2008 09:50

    It was a terrible day for for markets with frontline indices ending with huge losses. It closed near the day's low with heavy selling pressure in banking and IT st

  • ETC Networks not hottest in its peer set 

    31st March, 2008 09:40

    If ETC Networks manages to do Rs 100 crore in topline and their marketcap today is just about Rs 300 crore and about a 10 kind of P/E, it doesn’t look a very expen

  • Mkt valuations very attractive: PN Vijay 

    31st March, 2008 09:32

    PN Vijay, Portfolio Manager, said that even though headwinds like inflation etc., haven't gone away yet, he continues to be of the view that markets are still attr

  • Ballarpur Ind not an expensive stock 

    31st March, 2008 09:19

    The listing of Ballarpur Industries could be interesting because generally commodity stocks are not doing too badly. BILT is not an expensive stock. Good company a

  • Stock futures add 4 cr shares in OI 

    31st March, 2008 09:15

    Stock futures added 4 crore shares in Open Interest, which was highest single-day build-up since January 2008. FIIs were net sellers worth Rs 367 crore in Nifty fu

  • US markets plunge 86 points 

    31st March, 2008 09:05

    Today officially marks the end of the first quarter on Wall Street and word is that it could be the worst three-months for stocks since 2002. On Friday the Dow clo

  • Buy MCX Gold June at Rs 11950

    31st March, 2008 09:00

    For gold, one could buy MCX June at Rs 11950 per 10 grams, with a target of Rs 12054-12102 per 10 grams, says Kumar.

  • Cairn India Q4 net profit seen at Rs 40.90 cr

    31st March, 2008 09:00

    Cairn India is to announce its Q4CY07 numbers. According to CNBC-TV18 estimates, the company is expected to post net profit of Rs 40.90 crore and revenues of Rs 54

  • Money calls: Prabhu, Sharma

    31st March, 2008 08:59

    The bond market is likely to remain rangebound today. There is slight improvement in the liquidity situation, says Prabhu.

  • Tatas, M&M on expansion drive: Sources 

    31st March, 2008 08:51

    Auto companies are on an expansion drive. According to CNBC-TV18 sources, Tata Motors will invest Rs 6,000 crore in its Pune facility. The company will make the in

  • Support for Nifty at 4770

    31st March, 2008 08:45

    The support for the Nifty is at 4770 and resistance to the up move at 5033-5178.

  • Vijaya Bank to continue recruiting from B-schools

    31st March, 2008 08:40

    There was a time when people used to write examinations and wait for results (that often extended to a year and more) to get a job in a public sector bank. But now

  • Show your losses, ICAI tells cos 

    31st March, 2008 08:35

    The ICAI has urged companies to reveal their mark to market (MTM) losses of all outstanding derivative contracts, in their balance sheets this quarter. The ICAI ha

  • Pull-back likely

    31st March, 2008 08:34

    The support gap of 15612-15351 is an important support. If the support gap is not violated, then the pull-back rally will attempt to move to higher levels. If the

  • Nifty likely to witness range of 4830-5050

    31st March, 2008 08:31

    The coming session is likely to witness a range of 4830 on declines and 5050 on advances. The wider range is due to the higher base effect of Friday. The traded vo

  • Crude below $105/bbl

    31st March, 2008 08:26

    Crude prices fell almost by USD 2 per barrel after Iraq swiftly restarted a crude pipeline system that had been hit by a bomb attack on Thursday. Gold fell 2 perce

  • Market cues: FIIs net buy $106.8 mn

    31st March, 2008 08:16

    Market cues: FIIs net buy $106.8 mn. MFs net sell Rs 52.2 cr in equity.

  • M'rashtra Chief Secy VK Jairath quits 

    31st March, 2008 20:08

    Maharashtra government's Chief Secretary of Industries, V K Jairath played a lead role in convincing corporates to commit investment worth nearly USD 30 billion ov

  • Index based mkt wide circuit breaker for April 1-June 30

    31st March, 2008 19:20

    The Exchange implements on a quarterly basis (SEBI circular SMDRPD/Policy/Cir-37/2001 dated June 28, 2001) the index based market wide circuit breaker system. The

  • Aegis to acquire AOL’s India Call Centre Operations

    31st March, 2008 18:56

    Aegis BPO Services, an Essar Group company, announced that it has entered into an agreement to acquire AOL’s call centre operations in Bangalore, India

  • Inflation at an unacceptably high level: RBI 

    31st March, 2008 18:37

    YV Reddy, Governor, Reserve Bank of India, or RBI, said India has been in the process of self-accelerating growth since independence, reports CNBC-TV18. Inflation

  • Tata Motors organises summer campaign for passenger vehicle

    31st March, 2008 18:35

    Tata Motors organises summer campaign for passenger vehicles

  • Bad day for mkts; domestic factors played big role 

    31st March, 2008 18:22

    The obvious one will be the global trigger because today wasn’t such a great day for global markets, but I think we have must been the worst performing market in t

  • Inflation to impact corporate profitability: ICICI Pru AMC 

    31st March, 2008 18:14

    Nilesh Shah of ICICI Prudential AMC said inflation concerns remain and are likely to impact corporate profitability. "Interest rates may not be raised but there is

  • Sub-prime woes hit eFunds profit target: Srcs  

    31st March, 2008 18:08

    It may be one of the first known direct impacts of the US sub-prime crisis on the business process outsourcing (BPO) industry. CNBC-TV18 has learnt from sources th

  • Rupee ends flat, bonds lower

    31st March, 2008 17:53

    The spot rupee closed flat at Rs 39.87 per USD as against its previous close of Rs 39.88. The widely traded 7.99%, 2017 paper closed lower at Rs 100.30 as against

  • See choppy week for gold: Anand Rathi Comm

    31st March, 2008 17:44

    Kishore Narne of Anand Rathi Commodities said that equity markets reviving across the world and money flowing into equity markets has prevented the gold bull run,

  • Gold to trade rangebound: Anand Rathi Comm 

    31st March, 2008 17:38

    Kishore Narne of Anand Rathi Commodities According to him, it will be a choppy week for gold and a downside could be expected around USD 900-915/ounce levels. It w

  • 55% IPOs in FY08 slip below issue price

    31st March, 2008 17:14

    86 stocks have listed in the financial year, more than 55% stocks are below their respective issue prices while the rest are above the issue price. Overall the yea

  • Alembic eyeing for Rs 2000cr revenues in 4 years

    31st March, 2008 17:11

    Alembic eyeing for Rs 2000 crore revenues in four years. To reach the Rs 2000 crore mark, Alembic is looking at organic and inorganic opportunities to increase its

  • New brand identity of Trident Hotels announced

    31st March, 2008 17:00

    The new brand identity of Trident Hotels was launched today. ‘Trident Hilton’ hotels located in Gurgaon (Delhi National Capital Region), Agra, Jaipur, Udaipur, Co

  • Edelweiss, JC Flowers in race for stake in PNB Gilts

    31st March, 2008 16:58

    News reports suggest that Edelwiess Capital and JC Flowers are in race to acquire 44% stake in PNB Gilts. The report also suggests the bid price is at Rs 45 a shar

  • Tomotaka Ishikawa joins Bajaj Auto as Advisor

    31st March, 2008 16:50

    Bajaj Auto announces the appointment of Mr Tomotaka Ishikawa as Advisor on a full time basis with effect from 1st April 2008.

  • SAIL has resistance at Rs 230 says Gujral 

    31st March, 2008 16:43

    Technical Analyst, Ashwani Gujral is of the view that SAIL has support at Rs 230.

  • IFC establishes Infrastructure Advisory Facility

    31st March, 2008 16:37

    IFC, a member of the World Bank Group, together with multilateral and bilateral donors, has established an infrastructure advisory facility to help the South Asia

  • Franklin Templeton Capital Safety Fund declares dividend

    31st March, 2008 16:28

    Franklin Templeton Capital Safety Fund has announced dividend for which the record date is April 11, 2008.

  • Hero Honda Mar '08 2-wheeler sales at 3.20 Lk units

    31st March, 2008 16:23

    Hero Honda has decalred its March '08 2-wheeler sales number. The company sales for the month was at 3.20 lakh units versus 2.77 lakh units (YoY).

  • KIAL announce closure of Kotak India Growth Fund II

    31st March, 2008 16:21

    Kotak Investment Advisors Ltd announces closure of Kotak India Growth Fund II with corpus of $ 440 mn

  • Aqua Logistics supports IITB’s Vayu for Formula SAE 08

    31st March, 2008 16:11

    AQUA LOGISTICS, an integrated logistics solutions provider, will be sponsoring IIT Bombay’s Racing Team and take care of all supply chain management and related fo

  • Pressure on mkts, short-term looks dicey: Arihant Capital 

    31st March, 2008 15:59

    Arihant Capital Markets’ Arpit Agrawal said there’s a lot of pressure on markets. Reacting to the ICAI news, he said the market doesn’t like uncertainty and that t

  • Wealth destroyers: Prime Sec, Jai Corp, Taneja Aerospace  

    31st March, 2008 15:56

    There have been some midcap stocks that have been wealth destroyers. Some of them are IOL Broadband, Prime Securities, Jai Corp and Taneja Aerospace.

  • Rally will be over if mkts close below 4800: Experts 

    31st March, 2008 15:53

    Technical Analysts E Mathew and Ashwani Gujral believe the markets are correcting after the big move on Friday. E Mathew thinks it’s imperative for the short-term

  • Mini Nifty turnover at Rs 660 cr

    31st March, 2008 15:45

    Mini Nifty has added about 2.2 lakh shares but had a turnover of almost Rs 660 crore and this is the third biggest turnover if one sorts all these stocks on the tu

  • Hyundai Motor launches 4th Nationwide Free Car Care Clinic

    31st March, 2008 15:29

    Hyundai Motor India launched its fourth nationwide Free Car Care Clinic in an effort to extend the advantage of its excellent services and free check-up to a large

  • DLF among major losers

    31st March, 2008 15:14

    DLF is among major losers on the Sensex. At 3:05 pm, the share was quoting at Rs 649.50, down Rs 46.2, or 6.64%. It has touched an intraday high of Rs 691 and an i

  • Era Infra’s RMC division secures order of Rs 20cr

    31st March, 2008 15:04

    Era Infra Engineering Ltd, an integrated infrastructure development company with a pan India presence has secured an order for supply of Ready Mix Concrete (RMC) f

  • Tata Communications trips on selling pressure

    31st March, 2008 14:58

    At 2:55 pm, Tata Communications was quoting at Rs 520.20, down Rs 36.2, or 6.51%. It has touched an intraday high of Rs 560 and an intraday low of Rs 514.10. It wa

  • Horrendous day of trade; Nifty down 200 points  

    31st March, 2008 14:56

    It has been a horrendous day of trade and much of the good feeling of last week has been punctured I imagine for traders after today’s session. Volumes have not be

  • Orchid Chemicals up on large volume

    31st March, 2008 14:48

    At 2:39 pm, Orchid Chemicals and Pharmaceuticals was quoting at Rs 167.90, up Rs 23.70, or 16.44%. It has touched an intraday high of Rs 168.20 and an intraday low

  • INOX Leisure puts on a good show

    31st March, 2008 14:42

    At 2:34 pm, INOX Leisure was quoting at Rs 102.30, up Rs 8.25, or 8.77%. It has touched an intraday high of Rs 110.50 and an intraday low of Rs 91.05. It was tradi

  • Pfizer Q1 net profit up at Rs 192 cr

    31st March, 2008 14:35

    Pfizer has announced its first quarter Februaray ended results. The company’s Q1 standalone net profit was up at Rs 192 crore versus Rs 28 crore, YoY.

  • Inflation bullies economy; rate cut a distant dream now 

    31st March, 2008 14:25

    V Vaidyanathan of ICICI Bank is of the view that with the kind of inflation the economy is deal with dealing with, any cuts in interest rates is ruled out. Hazari

  • RBI to maintain Re at current levels: PNB 

    31st March, 2008 14:16

    Arun Kaul, GM-Treasury Finance, PNB feels that the rupee has appreciated today morning because the view was that RBI might let rupee appreciate slightly, so that i

  • Banks, tech extremely heavy for markets today 

    31st March, 2008 14:12

    Today would be very disappointing for the bullish traders. Today’s market weakness is not entirely to do with global weakness. There are very domestic factors whic

  • Centurion Bank plunges 7%

    31st March, 2008 14:08

    At 2 pm, Centurion Bank of Punjab was quoting at Rs 42.80, down Rs 3.2, or 6.96%. It has touched an intraday high of Rs 45.90 and an intraday low of Rs 42.45. It w

  • Six MFs change name, investment strategies 

    31st March, 2008 14:00

    Mutual funds undergo name change because they are extremely small sized funds of Rs 10-45 cr. Also, they are underperforming assets of a particular fund house. So,

  • Hindalco Industries loses shine

    31st March, 2008 13:59

    At 1:51 pm, Hindalco Industries was quoting at Rs 164.70, down Rs 10.75, or 6.13%. It has touched an intraday high of Rs 177.90 and an intraday low of Rs 163.35. I

  • Kamal Nath for 0% duty on food items, steel 

    31st March, 2008 13:54

    Commerce Minister Kamal Nath said the government is considering further duty cuts on a whole range of food items, reports CNBC-TV18. It is considering further duty

  • Birla family can't interfere in Priyamvada's estate: SC

    31st March, 2008 13:47

    The Supreme Court (SC) has dismissed the Birla family's claim to interfere in Priyamvada Birla's estate. The SC has said that the no one except GP Birla as any int

  • Bank stks plunge as rate cuts in near-term ruled out

    31st March, 2008 13:37

    Banking stocks were hammered in today’s trade. With inflation notching upto its 59th week high, the government is determined to curb it by taking various measures.

  • IDBI defers reduction in its BPLR

    31st March, 2008 13:34

    Industrial Development Bank of India Ltd has put on hold its earlier decision to reduce its Benchmark Prime Lending Rate with effect from April 1, 2008. The revise

  • @home celebrates buying on occasion of Gudi Padwa

    31st March, 2008 13:26

    All the @home stores will have expert professionals to help their customers choose the best furniture, accessories and furnishings, from the vast choices available

  • Tech stocks may rally with Infy's +ve guidance : Kotak Sec 

    31st March, 2008 13:11

    Shashank Khade, Vice President of Portfolio Management Services, Kotak Securities has a view that dollar impact and the business slowdown have been haunting techno

  • Stay invested in Tata Steel: Joshi 

    31st March, 2008 13:00

    Sharmila Joshi of Prabhudas Lilladher feels that from the current price one can expect reasonable returns in Tata Steel in two-year. One should stay invested in it

  • Gateway to the middle-east 

    31st March, 2008 12:56

    Lebanese property prices are on the rise despite a fragile economy and Qatar Gas has big aims for the next few years. It is developing six LNG mega-trains and all

  • Buy Cairn India on decline: Bhambwani  

    31st March, 2008 12:50

    Technical Analyst, Vijay Bhambwani advocates to buy Cairn India on declines. On the upside the short-term resistance would come at Rs 235-250 and then Rs 270. Keep

  • India’s exports to touch US$ 200bn by 2009

    31st March, 2008 12:45

    India’s total exports of merchandise goods will touch US$ 200 billion in 2009, which means exports will clock an over 20% growth for all the five years of the

  • How to handle the ups & downs of equity markets?

    31st March, 2008 12:41

    A rider in a giant wheel feels more frightened when he is at the top. However, in the equity market, it’s vice-versa. People feel safe when the markets are at a hi

  • Private equity space hots up 

    31st March, 2008 12:38

    About 15 deals worth USD 470 million were announced in the first two weeks of March but that is actually much less than the previous two weeks when there were 13 d

  • MAHATech Industrial Exhibition organized in Pune

    31st March, 2008 12:31

    MAHATech Industrial Exhibition starting in Pune on 10-13th April 2008.Mahatech is having repeated percentage of companies around 80%. Mahatech is planning to organ

  • Block deal in Suzlon Energy, stock down

    31st March, 2008 12:28

    At 12:19 pm, Suzlon Energy was quoting at Rs 264.70, down Rs 5.3, or 1.96%. It has touched an intraday high of Rs 269 and an intraday low of Rs 260.20. There was a

  • Tata Motors signs MoU with Govt of Maharashtra

    31st March, 2008 12:21

    Tata Motors and the Government of Maharashtra announced the signing of a Memorandum of Understanding which will facilitate the proposed expansion of manufacturing

  • Buy Dena Bank target of Rs 85: Karvy

    31st March, 2008 12:17

    Karvy stock broking has maintained a buy rating on Dena bank with a revised target price of Rs 85. The target price is reduced from Rs 120 to Rs 85.

  • Loss due to FX fluctuations notional: Cairn India 

    31st March, 2008 12:08

    Cairn India has posted consolidated net loss of Rs 24.5 crore and net sales of Rs 1,012.2 crore. Rahul Dhir, CEO of Cairn India, said the company has written off R

  • Transcend introduces new high capacity 16GB JetFlash® V85

    31st March, 2008 12:07

    Transcend Information, Inc has announced the availability of its new high-capacity USB flash drive – the 16GB JetFlash® V85 in India. the JetFlash V85 now has up t

  • Indian GDRs: Hindalco surges 16%, L&T up 10%

    31st March, 2008 12:01

    Indian GDRs: Hindalco, L&T, Reliance, Dr Reddys, Bajaj Auto and Ranbaxy gained.

  • Stride Arcolab marches ahead

    31st March, 2008 11:52

    At 11:43 am, Stride Arcolab was quoting at Rs 168, up Rs 11.60, or 7.42%. It has touched an intraday high of Rs 170 and an intraday low of Rs 154.95. It was tradin

  • Sun Pharma launches generic Ethyol

    31st March, 2008 11:48

    Sun Pharmaceutical Industries announced that it has commercially launched generic Amifostine for injection 500mg, which is therapeutically equivalent to MedImmune’

  • Block deal in NTPC, stock down

    31st March, 2008 11:45

    At 11:37 am, NTPC was quoting at Rs 200.05, down Rs 4.2, or 2.06%. It has touched an intraday high of Rs 204.90 and an intraday low of Rs 199.15. There was a block

  • Ispat Industries can test Rs 45-48: R Shah 

    31st March, 2008 11:44

    Rajen Shah of Angel Broking is of the view that Ispat Industries can test Rs 45-48. It has been beaten out of shape from the levels of Rs 85; the stock has come do

  • Ceat gushes forth

    31st March, 2008 11:31

    At 11:23 am, Ceat was quoting at Rs 109.10, up Rs 7.30, or 7.17%. Ceat has touched an intra day high of Rs 110 and an intra day low of Rs 98. It was trading with v

  • Fin Min may refund 3 more service taxes to exporters  

    31st March, 2008 11:29

    The Finance Ministry may issue a notification today announcing that three more service taxes would be refunded to exporters including forex agency commissions.

  • Sell Adlabs at Rs 775-790: Manghnani 

    31st March, 2008 10:59

    Anil Manghnani of Modern Shares & Stock Brokers expects Adlabs to go up to about Rs 775-790 levels and advises to sell it off at those levels.

  • Re to be rangebound; may touch 41/$ in May: HDFC Bk

    31st March, 2008 10:48

    Abheek Baruah of HDFC Bank, sees a significant probability of CRR and repo rate hike. Banks are looking at a significant slowdown in credit demand, he said. He exp

  • L&T bags order, stock down

    31st March, 2008 10:37

    At 10:30 am, Larsen and Toubro, L&T was quoting at Rs 3,082, down Rs 65.2, or 2.07%. The company has bagged order worth of Rs 576 crore from HPCL, reports CNBC-TV1

  • Buy largecap IT stocks for trading: Manghnani 

    31st March, 2008 10:30

    Anil Manghnani of Modern Shares & Stock Brokers is of the view that one can buy largecap IT stocks from trading perspective.

  • Wipro slips on profit booking

    31st March, 2008 10:18

    Wipro has plunged today. At 10:11 am, the share was quoting at Rs 436.30, down Rs 17.7, or 3.9%. It was trading with volumes of 10,482 shares. On Friday the share

  • This week may bring fortunes for MESH & MEEN Rashi

    31st March, 2008 10:15

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

  • Mkts may see decline mirroring global peers

    31st March, 2008 10:10

    European markets faced a moderate decline on Friday, and the US indices a slightly heavier one. Asian markets are also down this morning, and the global short-term

  • ICICI Bank tumbles 3.54%

    31st March, 2008 10:05

    At 10:00 am, ICICI Bank was quoting at Rs 805.90, down Rs 29.6, or 3.54% on the NSE. It has touched an intraday high of Rs 848.85 and an intraday low of Rs 804.15.

  • Indowind Energy maintain its march ahead

    31st March, 2008 10:00

    Indowind Energy has continued to gain. At 09:58 am, the share was quoting at Rs 67.35, up Rs 9.55, or 16.52% on the NSE. It was trading with volumes of 22,036 shar

  • Profit of cos to be eroded after ICAI ruling 

    31st March, 2008 09:57

    One will see quite a bit of dents in the bottomline in many of the companies and many of the midcap companies, I imagine would probably have a lot of scars to bear

  • Markets likely to remain shaky

    31st March, 2008 09:52

    According to Khandwala Securities Market Preview report, expect markets to keep the momentum shaky into the new week, as inflation had unexpectedly surged to above

  • Bit of dents to be seen in profit of cos after ICAI ruling 

    31st March, 2008 09:51

    One will see quite a bit of dents in the bottomline in many of the companies and many of the midcap companies, I imagine would probably have a lot of scars to bear

  • Inflation - biggest head wind for mkt going forward 

    31st March, 2008 09:41

    In the next 2-4 weeks we could see inflation nudging close to 7% and that will sentimentally be very huge for the RBI to work with in its monetary policy this time

  • Book profits in this rally: Manghnani 

    31st March, 2008 09:34

    According to Anil Manghnani of Modern Shares & Stock Brokers,this is a big week for the markets with four or five moving averages coming up. With so much confluenc

  • Govt to take fiscal, supply side measures to curb inflation 

    31st March, 2008 09:25

    Congress is worried that high inflation levels may erode confidence generated by the Budget. Inflation came out at 6.68% on Friday for week ended March 15, much ab

  • Next Nifty stop: 5000 or 4500?

    31st March, 2008 09:17

    We have seen Nifty futures trading at big premium and the Put Call Ratio is inching towards 1.50 mark. There has been a lot of Put action at 4900 mark, so it seems

  • Ballarpur Industries to resume trading

    31st March, 2008 09:10

    Ballarpur Industries will resume its trading from today after scheme of arrangement. Face value of the share is at Rs 2 per share. 55,71,22,290 equity shares of Rs

  • IIT Bombay builds F1 car 

    31st March, 2008 09:01

    Students at IIT Bombay have built a formula-racing car for an international competition to be held in the US in May. And guess who was present to unveil this uniqu

  • Hope's in the air; mkts seeing April rally 

    31st March, 2008 09:00

    It would be disappointing if the markets won't be able to maintain its current levels now. People are already talking of an April rally and there's hope in the air

  • Rupee opens at Rs 39.90 per dollar

    31st March, 2008 08:59

    The Indian Rupee opened at Rs 39.90 per dollar versus Rs 39.88 Friday.

  • Equity calls: Khade, Singhal, Bose 

    31st March, 2008 08:52

    ICAI's move will hit corporate India hard and dampen the sentiment in the market. Any upside is likely to short lived. Inflation above 6.5% will lead to some initi

  • Sensex has support at 15870

    31st March, 2008 08:48

    The crucial support for the Sensex is at 15870 the resistance to the up move at 17000-17171.

  • Auto majors setting up mega super stores

    31st March, 2008 08:43

    Walk into an automobile showroom and you may find a recreation corner for your kids, a lounge for the family to relax, while you take your own sweet time choosing

  • Thomas Cook board inducts four new directors

    31st March, 2008 08:38

    Thomas Cook (India) Ltd (TCIL) informed the Bombay Stock Exchange on Sunday that the company reconstituted its board of directors with the induction of four new Di

  • US credit crunch beginning to impact air travel

    31st March, 2008 08:34

    What could be seen as the first sign of the credit crunch in the US impacting air travel, at least two Asian carriers, Air India and Singapore Airlines, said they

  • Indian Oil plans to enter ethanol production

    31st March, 2008 08:32

    Indian Oil Corporation Ltd (IOC) is studying various options for becoming an ethanol producer from being just a buyer. The company would be looking at both organic

  • Stocks in news: Cairn, Great Offshore, Nagarjuna Fert

    31st March, 2008 08:26

    Stocks in news: Cairn has results today. Great Offshore has board meet today for buyback. Nagarjuna Fert has sold its 26% stake in Udupi mega power project to Lanc

  • F&O cues: Fut Open Interest up by Rs 4058 cr

    31st March, 2008 08:18

    F&O cues: Stock Futures add 4 cr shares in Open Int, highest single-day build-up since Jan. Futures Open Interest up by Rs 4,058 crore, Options Open Interest up by

  • Asian markets end lower

    31st March, 2008 08:13

    Asian markets ended weak. Japan's Nikkei tumbled 2.30% or 294.93 points at 12,525.54. Hong Kong's Hang Seng plunged 1.88% or 436.75 points at 22,849.20. Taiwan's

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