Moneycontrol News Archive

Hindalco's Novelis-takeover breakeven to be delayed 

11th November, 2008 21:12

Aditya Birla Chief, Kumarmangalam Birla says that Hindalco's takeover of Novelis will take longer to breakeven than was earlier expected.

Suzlon Energy can retest Rs 54-55: Gujral 

11th November, 2008 21:07

Technical Analyst, Ashwani Gujral is of the view that Suzlon Energy can retest Rs 54-55.

SMEs feeling heat of the global meltdown 

11th November, 2008 20:59

The ripple effect of top corporates scaling down their spending is now resulting in retrenchment at their suppliers' end too, with some suppliers pruning workforce

Steel cos look to prune costs further

11th November, 2008 20:41

With steel prices on a downward spiral, companies making the metal are looking to cut their cost of production to protect their margins.

3G cos to pay 3% spectrum fee from Jan'09: Telecom Secy

11th November, 2008 19:50

Siddartha Behura, Telecom Secretary, said the 3G companies will pay 3% spectrum fee and will get a moratorium on the spectrum fee in first year itself. Behura said

Fitch rates Shriram EPC Bank Loans 'A-(ind)'/'F1(ind)'

11th November, 2008 19:34

Fitch Ratings has assigned India's Shriram EPC Ltd., National Long-term rating of 'A-(ind)' (A minus(ind)) with Stable Outlook. At the same time, the agency has as

Fitch downgrades Unitech's rtg, revises outlook to -ve

11th November, 2008 19:25

Fitch Ratings has today downgraded India-based Unitech Limited's National Long-term Issuer rating to 'A-(ind)' (A (minus)(ind)) from 'A+(ind)' and revised its Outl

Alstom forms JV with Bharat Forge to mfg equipment

11th November, 2008 19:15

Alstom, the global power systems manufacturer and service provider, and Bharat Forge Ltd, global leader in manufacturing and metal-forming, announced

Experts differ on Indian mkt outlook 

11th November, 2008 19:08

Sanju Verma of HDFC Bank sees Nifty in a broad range between 2500-3400. She expects the markets to recover soon as it is very close to its bottom. Ashwani Gujral h

M&M - TMI Pacific to form Mahindra Automotive Australia

11th November, 2008 18:57

Mahindra & Mahindra Ltd. (M&M), one of India’s leading auto brands, has entered into a joint venture agreement with its existing partner, TMI Pacific, a local Aust

Buy Unity Infraproj, target of Rs 375: PINC

11th November, 2008 18:46

PINC Research has maintained its buy rating on Unity Infraprojects with an 18-month price target of Rs 375. Higher depreciation charges contained net profit growth

India best placed to fight global eco mess: Narayana Murthy 

11th November, 2008 18:41

NR Narayana Murthy, Chairman and Chief Mentor of Infosys, said if greed overtakes leaders it is inevitable to avoid disasters because in the end systems are much m

Buy HTMT Global, target of Rs 255: PINC

11th November, 2008 18:13

PINC Research has maintained its buy rating on HTMT Global Solutions with a target of Rs 255. HTMT Global Solutions Ltd. (HTMT), a member of the Hinduja Group is a

Rupee ends lower, bonds higher

11th November, 2008 18:09

The spot rupee ended lower at Rs 48.12 per USD as against its previous close of Rs 47.38. The widely traded 8.24%, 2018 paper closed higher at Rs 103.70 as against

Fall of largecaps brought Index under extreme pressure

11th November, 2008 17:48

There were bad news from markets today. The Sensex was down 700 points and the Nifty was 200 points down. The largecap pillars of the index like Reliance Industrie