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MF NAVs end on strong note as markets surge

2nd May, 2008 23:42

Equity diversified NAVs continued its strong uptrend with positive advance:decline ratio of 211:1 as the markets closed with hefty gains.
Bharti Airtel, Rel Comm eyeing controlling stake in MTN

2nd May, 2008 20:46

After the battle for Hutch, the telecom sector could be all set for its next big encounter. The buzz is that Sunil Mittal owned Bharti Airtel and Anil Ambani owned
Is Citi Financial in financial trouble?

2nd May, 2008 20:07

Citigroup's non-banking finance arm is facing considerable pressure. CNBC-TV18 learns that Citi Fin has incurred a loss of Rs 500-600 cr last year, which is forcin
Big job, small pay?

2nd May, 2008 19:48

Citigroup CEO Vikram Pandit may be heading the world's largest bank but that does not guarantee him the fattest paycheck. Pandit, who recieved a pay-packet of USD
PNB Housing Fin achieves 73% gwth in profits

2nd May, 2008 19:40

PNB Housing Finance achieves 73% growth in profits. The Company has achieved 49% growth in total income which stood at Rs.227 crores (Rs.153 crores). The net wort
Aditya Birla Fin Services announce strong results for 07-08

2nd May, 2008 19:29

The Aditya Birla Financial Services Group has a presence across various financial verticals that include Life Insurance, Mutual Funds, Distribution and wealth mana
Global Traffic continues to slow

2nd May, 2008 19:04

The International Air Transport Association announced global scheduled international traffic data for March. Compared to the same month in the previous year, passe
SAIL bags ICWAI National Award for Excellence in Cost Mgmt

2nd May, 2008 18:54

Steel Authority of India Limited has won the National Award for Excellence in Cost Management 2007 of the Institute of Cost & Works Accountant of India in the cate
Suashish Diamonds qtrly net profit up 34.61%

2nd May, 2008 18:45

Suashish Diamonds quarterly net profit up 34.61%. Total income for the fifth quarter was Rs. 248.85 crores (Rs. 230.38 crores), an increase of eight per cent.
Buy Noida Toll Bridge Company on declines: Mathew

2nd May, 2008 18:36

Technical Analyst, E Mathew is of the view that one can buy Noida Toll Bridge Company on declines. It has target of Rs 58 and it can even go upto Rs 70, he added.
Hyundai grows at 47.8% in April 2008

2nd May, 2008 18:15

Hyundai grows at 47.8% in April, 2008. Domestic sales up 36.7%, exports grow by 63.1%. HMIL�s total sales for the month of April �08 stood at 40,001 units. While t
Steel Min demands export duty rollback on some products

2nd May, 2008 18:10

The Steel Ministry has demanded rollback of export duties on some products, reports CNBC-TV18 quoting Newswire 18. It has asked for duty-free CR coil, coated steel
US Fed increases term auction facility to $150bn

2nd May, 2008 18:07

US Federal Reserve has increased term auction facility to USD 150 billion, reports CNBC-TV18. It has also increased swap line with ECB from USD 20 billion to USD 5
Techno Electric bags order from Tata Chem, Rajasthan Vidyut

2nd May, 2008 17:57

The comnpany has received major orders from Tata Chemical and Rajasthan Vidyut this month.
Goodyear qtrly sales up 10% to record $4.9bn

2nd May, 2008 17:50

Goodyear Quarterly sales up 10 percent to record $4.9 billion,Net income of $147 million, 60 cents per share, up $321 million from last year

SBI standalone FY08 PAT up at Rs 6728.87 cr

2nd May, 2008 20:47

SBI has announced its fourth quarter results. The company's standalone FY08 net profit was up up 48.17% from Rs 4541.3 crore to Rs 6728.87 crore.
RIL signs LoI with Nova Chem for construction JV: NW18

2nd May, 2008 20:25

RIL has signed a Letter of Intent (LoI) with Nova Chem for a construction JV. It will hold 51% in the JV, reports CNBC-TV18 quoting Newswire 18. RIL and Nova Chem
M&M records growth of 58.5% in April 2008

2nd May, 2008 19:48

M&M records spectacular growth of 58.5% in April 2008. Domestic sales in April �08 stood at 19,392, as against 12,235 in April �07. The company announced that sale
RBI to sell treasury bills worth Rs 3,500cr this week

2nd May, 2008 19:43

RBI is continuing to suck out liquidity from the system. It plans to sell treasury bills worth Rs 3,500 crore this week. This includes Rs 2,500 crore bond auction
Is HSBC eyeing E*Trade's 43.85% in IL&FS Investsmart?

2nd May, 2008 19:37

The buzz on the street is that HSBC is eyeing E*Trade's 43.85% stake in IL&FS Investsmart. HSBC has refused to comment on market speculation and rumour and IL&FS h
Bharti Airtel, IFFCO join to usher in 2nd Green Revolution

2nd May, 2008 19:20

Bharti Airtel Limited, India�s leading integrated telecommunications services provider, and Indian Farmers Fertiliser Cooperative limited announced the launch of
SBI Q4 standalone net interest income at Rs 4,800cr

2nd May, 2008 18:58

SBI's Q4 standalone net profit was up 26.10% at Rs 1883 crore versus 1493.2 crore. The net interest income(standalone) is up 11.12% from Rs 4505.9 cr to Rs 4800.59
DLF writes off Rs 800cr from Q4 PBT

2nd May, 2008 18:46

DLF has written back Rs 800 crore from Q4 PBT on reversal of sale to DLF Assets, reports CNBC-TV18. DLF�s Q4 PBT could have been Rs 3,500 crore versus the reported
UTI MF bags 3 Lipper Fund Awards Gulf 2008

2nd May, 2008 18:37

UTI Mutual Fund has won the Lipper Fund Awards Gulf 2008 for Best Group over the past three years ending December 31, 2007 in the category of Mixed Assets.
Bilcare Global Clinical Supplies forms Advisory Board

2nd May, 2008 18:25

Bilcare Global Clinical Supplies Forms Corporate Advisory Board. The advisory board is created to provide Bilcare GCS Management Team with independent scientific i
Liquidity Adjustment Facility: Auction Results

2nd May, 2008 18:14

Liquidity Adjustment Facility: Auction Results. The results of the RBI Repo/Reverse Repo auctions held on April 30, 2008.
ArcelorMittal will restore 25% free float in China Oriental

2nd May, 2008 18:07

ArcelorMittal has announced a series of measures which will restore a 25% free float in China Oriental Group Company in compliance with the listing rules of the Ho
RBI Reference Rate for US $ & Euro

2nd May, 2008 18:00

RBI Reference Rate for US $ & Euro. The Reserve Bank of India�s Reference Rate for the US dollar is Rs.40.46 and the Reference Rate for Euro is Rs.63.09 on Apr
6.57% Govt Stock, 2011- Auction Results

2nd May, 2008 17:52

6.57% Government Stock, 2011 - Auction Results. The results of the auction of 6.57% Government Stock, 2011 (re-issue) held on April 30, 2008.
Rupee ends lower, bonds higher

2nd May, 2008 17:46

The spot rupee ended lower at Rs 40.65 per USD as against its previous close of Rs 40.50. The widely traded 8.24%, 2018 paper closed higher at Rs 102.74 as against

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