Moneycontrol News Archive

Mkts resilient ahead of F&O settlement, breadth weak 

24th February, 2009 21:24

It was a choppy start to the week on Dalal Street. The indices got off to a weak opening before recovering in late trade to close flat. The Nifty closed at 2,733 d

Ceat announces price cuts

24th February, 2009 20:30

Ceat Ltd has announced another round of reduction in the prices of its truck tyres, thus passing on to the customers the entire benefit of the 2% excise duty reduc

Experts cheer proposed Land Acquisition Bill 

24th February, 2009 20:25

The new Land Acquisition Bill cleared by the group of ministers is likely to be tabled in the Parliament tomorrow. The bill provides for rehabilitation before disp

India needs bigger, better stimulus plans: Experts 

24th February, 2009 20:15

Harsh Pati Singhania, President, FICCI and MD, JK Paper, said that government’s duty, tax cut is a step in the right direction but is not adequate because there is

Rupee has support at 49.50/49.60: Commtrendz Research

24th February, 2009 19:53

According to Commtrendz Research's report on Indian Rupee, Important supports now are at 49.50/49.60 followed by 49/49.10. Immediate resistance falls around 50/50.

Experts see monetary easing by RBI post fiscal stimulus 3.0 

24th February, 2009 19:50

Climbing down from the pedestal of constitutional propriety, the government has announced another stimulus to the economy. With the government announcing the third

Short-term upward momentum in gold to continue: Ventura Sec 

24th February, 2009 19:32

NS Ramaswamy, Head- Commodities, Ventura Securities is of the view that there is an opportunity to buy in gold because there is a big bullish candle that is being

Unsure of initial stimulus helping: Richard Burdekin 

24th February, 2009 19:24

Richard Burdekin, Professor of Economics at Claremont McKenna College, said the stimulus packages are not too effective and there is an increasing number of econom

Cement sector not much impacted by excise duty cut

24th February, 2009 18:56

The government today announced reduction of excise duties and service tax by 2% to boost the ailing economy. Excise duty on bulk cement is cut to 8% or Rs 230/tonn

BO Report: Delhi-6 manages decent collections

24th February, 2009 18:40

Rakeysh Omprakash Mehra's Delhi-6 has managed to gross decent if not great collections in its opening weekend. With mixed reviews, this much anticipated film by Me

Buy Lanco Infratech, target of Rs 279: Angel Broking

24th February, 2009 17:53

Angel Broking has maintained its buy rating on Lanco Infratech with a target price of Rs 279. Total cost of setting up the power plant will be approximately Rs 8,5

Don’t rule out mkts testing new lows: Pranav Sec 

24th February, 2009 17:27

Rajesh Jain of Pranav Securities said one should not expect a sustained committed buying to resume in India. “I would not expect the market to get past the 3,000 m

Govt's excise duty cut to be passed on: Shree Cement 

24th February, 2009 17:16

The government today announced reduction of excise duties and service tax by 2% to boost the ailing economy. The general excise duty has been reduced from 10% to 8

Service tax cut will boost overall economy: Ultratech 

24th February, 2009 17:10

KC Birla, CFO, Ultratech Cement said the service tax service is now par with the excise duty and these moves talk about rationalization of service tax and it is go

Tax cut to impact manufacturing, service cos: BMR Advisor 

24th February, 2009 17:02

Malini Malikarjun, Partner, BMR Advisor, said the move will have a fairly large impact because other manufacturing companies and service companies are incurring se