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  • Tussle with producers costs multiplexes Rs 24cr weekly 

    15th April, 2009 21:54

    It's been 10 days since the producer fraternity went on strike against the multiplexes. Only one hindi film released and theatres are now empty.

  • Satyam awaits CLB nod, proposes new board members 

    15th April, 2009 21:34

    Satyam today approached the Company Law Board (CLB) to validate its move of announcing Tech Mahindra as the winning bid. The company has also asked for a new board

  • Hero pulls out of Rs 4400cr Daimler JV 

    15th April, 2009 21:11

    Almost a year after Hero joined hands with Daimler to enter the commercial vehicle space, Hero Group wants out. Hero has pulled out of the Rs 4,400 crore joint ven

  • Leather, agriculture exports showing revival: Commerce Secy 

    15th April, 2009 20:13

    Commerce Secretary GK Pillai said he doesn’t expect big bang measures for exporters in next stimulus package by the government. Pillai believes in sectors like lea

  • Spice cries foul over Satyam-Tech Mah deal, to go to CLB 

    15th April, 2009 19:53

    Industrialist BK Modi’s Spice Group, which pulled out of the race to acquire scam-tainted Satyam Computer Services, plans to approach the Company Law Board over th

  • Buy SAIL on dips: Bonanza

    15th April, 2009 19:39

    Bonanza has recommended to buy Steel Authority of India on dips with a price target of Rs 125. In FY 09 the margins and bottom line are affected due to high price

  • Markets end higher: Nirmal Bang

    15th April, 2009 19:29

    According to Nirmal Bang's report, the BSE Sensex has touched an intraday high of 11,337 before closing the day at 11,284 up 318 points or 2.9%. The Nifty shut at

  • Accumulate Shree Renuka Sugars on declines: Bonanza

    15th April, 2009 19:19

    Bonanza has recommended to accumulate Shree Renuka Sugars on declines with a target price of Rs 130. Shree Renuka is among the largest sugar producers in India. It

  • DSP Black Rock buys banking, telecom, IT

    15th April, 2009 19:01

    DSP Black Rock Mutual Fund increased its exposure to sectors like Banking & Financial Services, Telecommunication and Information Technology. However, the fund hou

  • Container Corporation an underperformer: Karvy

    15th April, 2009 18:40

    Karvy Stock Broking has revised its rating on Container Corporation of India (Concor) from market performer to underperformer with a tgt price of Rs 706. Concor is

  • Kingfisher seeks 10 days more from oil mktg cos to pay dues

    15th April, 2009 18:18

    Kingfisher Airlines has sought a second extension of 10-days to payback its dues to the oil-marketing companies. It had missed the previous deadlines of March 31 a

  • Sugar price gains 20% YTD

    15th April, 2009 18:00

    Agro commodity prices have run up in 2009 Year till date on low crop output and weak carryover from the last year. Strong international commodity prices, Funds buy

  • Close to bankruptcy, GM may split into two: Experts 

    15th April, 2009 17:54

    What is reportedly also being discussed is breaking GM into good car company and a bad car company—a bit like the good bank, bad bank situation. Commenting on the

  • Expect cottonseed oil cake to test 559.50 & 546: Sharekhan

    15th April, 2009 17:46

    Sharekhan expects cottonseed oil cake to test 559.50 and 546 in the short term. Overall, traders can go short at the current levels placing reversal above 580 and

  • 'A' group stocks surge over 50% in last 15 days

    15th April, 2009 17:40

    The Indian equity markets have shown smart bounce back after long bear phase. In the last 15 trading session the Sensex and the Nifty gained 26% and 25% respective

  • Govt to offer deals worth $1bn to IT cos soon 

    15th April, 2009 21:45

    The global deal pipeline for IT companies may be drying up but domestic deals particularly from the government may be an attractive avenue for growth. CNBC-TV18’s

  • Infosys fails to realize USD 5bn revenue dream  

    15th April, 2009 21:23

    In its annual guidance a year ago, Infosys said revenues would cross USD 5 billion. But much to the disappointment of investors, the company has only managed USD 4

  • In changing times, 200 not 272 key poll mark: Sardesai 

    15th April, 2009 20:30

    As polling kicks off from April 16, the election fervour has reached a crescendo. Rajdeep Sardesai, Editor-in-Chief, CNN IBN, says both the major alliances, the ru

  • FIIs net buy of Rs 641 cr in equities on April 13

    15th April, 2009 20:07

    On April 13, Foreign Institutional Investors (FIIs) were net buyers to the tune of Rs 641 crore in equities. They have made gross purchase of Rs 2058 crore and gro

  • Reduce Tech Mahindra, target of Rs 345: IIFL

    15th April, 2009 19:52

    IIFL has recommended a reduce rating on Tech Mahindra with a target price of Rs 345. Tech Mahindra emerged as the highest bidder for Satyam. It would now have to p

  • Carrefour to open cash & carry biz in India by early 2010

    15th April, 2009 19:31

    The world's second largest retailer Carrefour is entering the Indian cash-and-carry business with a 5,000 sqare metre (sq mt) outlet in the National Capital Region

  • Nifty above 200 DMA: Experts say upmove to continue

    15th April, 2009 19:28

    “The Nifty crossing the 200 DMA means there will be less selling pressure in the market,” says Ashwani Gujral. He advises to buy on every dip. He also advises to b

  • Nifty above 200 DMA may spark another breakout 

    15th April, 2009 19:11

    The Nifty had a spectacular rally to take out its 200-day moving average (DMA) and closes virtually at 3,500 probably sparking another breakout.

  • US markets trading mixed; Dow up 16 points

    15th April, 2009 19:00

    At 20.05 hrs (IST)- The US markets were trading mixed after weak start. The Dow Jones Industrial Average was up 16.33 points, or 0.21%, to 7,936.51. The Nasdaq was

  • Rupee has support at 49.30-49.45/$: Commtrendz

    15th April, 2009 18:25

    According to Commtrendz Research's report on Indian Rupee, immediate supports are at 49.30-49.45 followed by 48.8-448.9. Immediate resistance falls around 49.9-50

  • Indoco Remedies an outperformer: Karvy Stock Broking

    15th April, 2009 18:13

    Karvy Stock Broking has downgraded its rating on Indoco Remedies to outperformer with a target price of Rs 170. Revenues for the quarter are expected to be down by

  • Gold has support at Rs 14250 & 14180: Anagram

    15th April, 2009 17:58

    According to Anagram Research's Commodity Daily Report, gold has support at Rs 14250 and Rs 14180 and resistance at Rs 14380 and 14450.

  • Crude to face resistance at $55/bbl

    15th April, 2009 17:48

    Crude oil continues to face resistance at $55 a barrel . The fundamentals are not supportive of a rally in prices, but even as US inventories are at 16 year hi

  • See gold consolidating between $865-885/oz: Sushil Comm 

    15th April, 2009 17:41

    Saravanan K, Research Analyst, Sushil Global Commodities, said gold seems to be consolidating between USD 865 per ounce on the extreme end and on the shorter-term

  • Sharekhan bullish on jeera

    15th April, 2009 17:38

    Sharekhan has maintained its bullish bias on jeera in the medium term. Jeera at Unjha market quoted around Rs 2,280/20kg, while arrivals of around 20,000 bags were

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