Moneycontrol News Archive

Dharavi still lives on empty poll promises 

29th April, 2009 22:01

It may be Asia's largest slum, but Dharavi has always been a sizeable votebank for Mumbai's politicians. After the 2004 elections, the Congress MP who was elected

Will Bharti outsource network management to Alcatel? 

29th April, 2009 21:26

Even as Bharti Airtel came out with robust fourth quarter numbers, the company is working on a deal to outsource management of its Wireline network to Alcatel Luce

Consumer confidence sees uptick: Trend reversal on cards? 

29th April, 2009 21:04

The CNBC-TV18 Boston Analytics Consumer Confidence inched up marginally after a period of nine months. The current situation confidence and future expectations als

Citibank reduces PLR to 14.75% from 15%

29th April, 2009 20:50

Citibank today announced it has reduced its Prime Lending Rate (PLR) by 25 basis points to 14.75 percent from the present 15 percent. The new PLR will be effective

Net interest margin fell due to PLR cuts: Dena Bank 

29th April, 2009 20:42

DL Raval, CMD, Dena Bank, said, “The net interest margin (NIM) for the current year is 2.45% as against 2.75% last year. It has come down because the reduction in

Vote for mainstream candidates not independents: Adi Godrej 

29th April, 2009 20:33

Industrialist Adi Godrej of Godrej Group advises voters to not go for independents as, he said, they usually never win. “History says independents only split votes

Mumbai's infra ignored, say corporates as poll pitch rises 

29th April, 2009 20:17

The country's financial capital is also the highest tax paying city. But Mumbai is plagued by very slow infrastructure addition. Infrastructure is a major politica

IOB Q4 PAT seen down 10% at Rs 276.45 cr

29th April, 2009 19:55

IOB is to announce its fourth quarter results. According to CNBC-TV18 estimates, the company's net interest income (NII) is seen up 7% at Rs 731 crore versus Rs 68

Bajaj Auto an outperformer: Karvy Stock Broking

29th April, 2009 19:36

Karvy Stock Broking has rated Bajaj Auto as an outperformer with a target price of Rs 739. The research firm expects BAL's earnings to grow by 13% CAGR over FY09-1

Not looking at inorganic growth: Dhanalakshmi Bank 

29th April, 2009 19:19

Amitabh Chaturvedi, MD and CEO, Dhanalaxmi Bank said the bank was not looking at inorganic growth. The bank, he said, made an NPA sale of Rs 5.5 crore of which onl

Market's move suggests uptrend still intact 

29th April, 2009 19:12

people are still very reluctant to give up on this rally just yet, there is a general sense in the market that this rally will end somewhere between 3,600 and 3,80

Crude rangebound between $47-53/bbl near term: Commtrendz 

29th April, 2009 19:07

T Gnanasekar, Director of Commtrendz Research & Fund Management, said crude is will stay in a range of USD 47-53 per barrel and that fundamentals do not do support

FIIs net sell Rs 174 cr in equities on April 28

29th April, 2009 18:57

On April 28, foreign institutional investors (FIIs) were net sellers to the tune of Rs -173.90 crore. They made gross purchase of Rs 1,544.10 crore and gross sales

MFs net sell Rs 372.50 cr in equities on Apr 28

29th April, 2009 18:53

On April 28, MFs were net sellers to the tune of Rs 372.50 crore in equities. They made gross purchases of Rs 482.40 crore and gross sales of Rs 854.90 crore.

Buy Biocon, target of Rs 200: KRChoksey

29th April, 2009 18:43

KRChoksey has recommended a buy rating on Biocon with a price target of Rs 200. The topline of the company grew at a robust rate of 76% to Rs 468 crore compared to