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Construction contributed 6.7%, fin 9.5% to Q3 GDP: FICCI

27th February, 2009 22:13

India's GDP clocked a dismal 5.3% growth over the third quarter. Commenting on the numbers, Amit Mitra, Secretary General, FICCI, said nobody seems to have noticed
Rupee has support at 50.55/65: Commtrendz Research

27th February, 2009 20:35

According to Commtrendz Research's report on Indian Rupee, immediate supports are now around the previous highs, which are clustered between 50.55/65 followed by 4
US markets open weak; Dow down 120 points

27th February, 2009 20:07

The US markets have opened weak. The Dow Jones Industrial Average is down 120.42 points or 1.68% to 7,061.66. The Nasdaq is down 16.56 points or 0.67% to 1,374.91
See crude in $40-50/bbl range: Shamik Bhose

27th February, 2009 19:48

Shamik Bhose, Independent Commodities Advisor, sees crude trading in a USD 40-50 per barrel range going forward.
Buy Ranbaxy Laboratories, target of Rs 277: Angel Broking

27th February, 2009 19:32

Angel Broking has maintained its buy rating on Ranbaxy Laboratories with target price of Rs 277. The Ranbaxy stock has slipped by 18% post announcement of the USFD
Exit Reliance Petroleum, invest in RIL: SP Tulsian

27th February, 2009 18:45

Investment Advisor, SP Tulsian is of the view that one should exit from RPL and invest in Reliance Industries.
Tips to trade RIL, RPL today

27th February, 2009 18:30

Dipan Mehta, Member of the Bombay Stock Exchange, said it really makes no difference for the performance of both companies. �They will create a feel good effect in
Cost control reason for RIL-RPL merger: HP Ranina

27th February, 2009 18:24

HP Ranina, Advocate, Supreme Court, believes, �The real issue is cost rationalization and reduction in the cost to a great extent, which will increase shareholder
RIL merger negative for RPL shareholders: SP Tulsian

27th February, 2009 18:16

SP Tulsian, sptulsian.com doesn�t see RIL-RPL merger news a reason for cheer for shareholders of Reliance Industries. According to him, RIL shares could rise by ab
Lending to clients between 13% and 14%: Tourism Fin Corp

27th February, 2009 17:50

Archana Capoor, Chairperson and MD, Tourism Finance Corporation, said it is lending between 13% and 14%. Capoor does not see demand shrinking going forward.
Rupee ends at record low, bonds close higher

27th February, 2009 17:40

The spot rupee ended lower at record low of Rs 51.10 per USD as against its previous close of Rs 50.47. It touched an all-time low of Rs 51.17 a dollar.
Skindia GDR Index plunges 2.39% to 1056.49

27th February, 2009 17:31

The Skindia GDR Index plunged 2.39% to 1056.49 at 3:30 pm IST over the previous day�s 3:30 pm IST Index. The Top DR losers were: Ranbaxy (-8.82%), Grasim (-5.93%),
Asian Hotels still doing 70% occupancy: Sushil Gupta

27th February, 2009 17:29

Sushil Gupta, Managing Director, Asian Hotels, said Mumbai terror attack has affected the hotel industry very badly last quarter. "February is definitely better th
RIL to consider merger with RPL on March 2

27th February, 2009 17:11

The Reliance Industries Limited Board will meet on March 2 to consider merger with RPL.
Wineries raise toast to being recession proof

27th February, 2009 16:47

One industry that is recession proof is the wine industry, which is in its budding stage. The industry has grown substantially and is optimistic on the growth goin

Biz consolidation behind RIL-RLP merger: BMR Advisors

27th February, 2009 20:50

Commenting on the RIL-RPL merger talks, Mukesh Butani of BMR Advisors, said it seems purely as a business consolidation move. �It seems to be like any other busine
Mkts may hit new low around monsoon, elections: Nilesh Shah

27th February, 2009 20:32

Nilesh Shah, MD and CEO, Envision Capital, said there is a high probability of the market going below October 2008 lows. "The markets can make a new low around mon
Hold UltraTech Cement, target of Rs 475: Sharekhan

27th February, 2009 19:52

Sharekhan has downgraded its rating on UltraTech Cement to hold with price target of Rs 475.
Highlights of RIL-RPL merger

27th February, 2009 19:38

The Reliance Industries Limited (RIL) board will meet on March 2 to consider merger with Reliance Petroleum Limited (RPL). The merger is effective retrospectively
Buy Jain Irrigation, target of Rs 377: IIFL

27th February, 2009 19:15

IIFL has recommended a buy rating on Jain Irrigation with target price of Rs 377. Jain Irrigation has scaled back its capex estimates to Rs 1.5 billion annually fr
Instanex FII Index underperforms

27th February, 2009 18:35

Foreigners did not seem to be buyers of Indian shares today. While the broad-based Nifty was down 0.79%, the Instanex FII Index was down only 0.34% at 200.73 and t
Watch out for global events next week: AIG, MBIA nos

27th February, 2009 18:27

One of the most anticipated results in the global financial markets that is from AIG (American International Group), they will be posting their Q4 results on Monda
Buy MCX Copper (March): Anagram

27th February, 2009 18:19

Anagram Research has recommended to buy MCX Copper (March) with a stoploss of Rs 171.
Tata Steel net sales up 4% at Rs 33,191 cr

27th February, 2009 18:10

Tata Steel has declared its third quarter consolidated results. The company's consolidated net profit was down 38.6% at Rs 813.89 crore versus Rs 1,325.05 crore. I
IBG to launch its online brokerage services in India

27th February, 2009 17:41

Interactive Brokers Group is about to launch its online brokerage services in India, through Interactive Brokers (India) Pvt., Limited. That is, IBG will provide I
Asian Hotels Q3 PAT at Rs 23.07 cr

27th February, 2009 17:36

Asian Hotels has come out with its third quarter results. The company's net sales were at Rs 124.20 crore versus Rs 145.25 crore. Its OPM at 37% versus 48%. Its PA
JET-KF code-sharing pact still grounded

27th February, 2009 17:29

The much-hyped code-sharing agreement between Jet Airways and Kingfisher Airlines has not taken off. CNBC-TV18�s Neha Pandey reports on how both airlines are going
Tata Steel eyes 1.6m tonne sales in Q4 FY09

27th February, 2009 17:22

The Tata Steel management in a company Press conference stated that the company is planning to sell 1.6 million tonne in the January-March quarter and added the co
Several index stocks hit 52-week lows

27th February, 2009 17:00

The stock markets closed lower as realty, oil & gas, cement, IT, auto and capital goods stocks witnessed selling pressure. During today�s trade several index stock
Experts see mkts trending downward

27th February, 2009 16:44

Rahul Mohindar of viratechindia.com said if the Nifty breaks 2,650, then one is likely to see levels like 2,500 or a retest of previous lows. This view is shared b

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