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Moneycontrol News Archive : 23 January, 2009

  • US markets open lower; Dow down 176 points

    23rd January, 2009 20:05

    US markets have opened lower. The Dow Jones Industrial Average is down 176.34 points or 2.17% at to 7,946.46. The Nasdaq down 22.70 points or 1.55% to 1,442.79 and

  • HCL Tech adds 26 new customers

    23rd January, 2009 19:50

    HCL Technologies has announced its second quarter numbers. Its Q2 standalone net profit went up at Rs 398.01 crore versus Rs 253.79 crore, QoQ. Its standalone net

  • EKC cons net sales up by 99% at Rs 250cr for Q3FY09

    23rd January, 2009 19:11

    EKC Q3FY09 consolidated net sales up by 99% at Rs. 250 crore, consolidated net profit after tax up by 30% at Rs 38 crore. Earnings per share (EPS) for the quarter

  • Tanla Solutions adds 6 new customers in Q3

    23rd January, 2009 18:33

    Tanla Solutions has added 6 new customers during the quarter. It has deployed 3G platform with MTNL.

  • See support for crude at $40/bbl: Shamik Bhose  

    23rd January, 2009 18:13

    Shamik Bhose an Independent Commodity Advisor see support for crude at USD 40 per barrel. “I get the feeling that the crude is trying to find a leg up being overso

  • Tech Mahindra expects good uptick in BT biz next year 

    23rd January, 2009 18:01

    Tech Mahindra's Q3 consolidated net profit came in at Rs 222.87 crore versus Rs 302.65 crore on QoQ basis. The management expects good uptick in British Telecom (B

  • Shyam Telelink becomes Sistema Shyam TeleServices

    23rd January, 2009 17:47

    Shyam Telelink becomes Sistema Shyam TeleServices. Shyam Telelink Limited, the latest entrant in the Indian telecom space, formally announced the change of its na

  • ACC wins India Corporate Citizen of the Year 2008 Award

    23rd January, 2009 17:35

    ACC wins India Corporate Citizen of the Year 2008 Award. ACC Limited, India’s leading cement manufacturer, has won the CNBC-TV18’s India Business Leaders Award in

  • Order book from intl biz up 58% to Rs 4200 cr: Voltas

    23rd January, 2009 17:31

    Voltas has declared its third quarter results. The company's net sales were up 30% at Rs 870.13 crore versus Rs 664.76 crore on YoY basis. Its OPM was at 6% versus

  • Dell introduces Inspiron Mini 12 in India

    23rd January, 2009 17:11

    Dell introduced Inspiron Mini 12 in India, a slim and stylish, easy-to-carry Internet companion that meets your specific needs and deeds. The Mini 12 is ideal for

  • Indiabulls Fin Service Q3 cons PAT at Rs 70 cr

    23rd January, 2009 17:01

    Indiabulls Financial Services has announced its third quarter results. The company's Q3 consolidated net sales were at Rs 546 crore versus Rs 453.46 crore, YoY.

  • Marico plans to open 12-15 Kaya Clinics per year

    23rd January, 2009 17:00

    Marico has declared its third quarter results. The company's consolidated net sales were at Rs 622.8 crore versus Rs 506.2 crore on YoY basis. Its consolidated net

  • HomeShop18 puts forth their vision for 2009

    23rd January, 2009 16:58

    HomeShop18, India’s first 24 hour shopping channel by Network18 Group puts forth their vision for 2009. The company had brought about several transformational move

  • See 25% growth in advances, 30-35% in deposits: IDBI Bk 

    23rd January, 2009 16:50

    RK Bansal, CFO of IDBI Bank said the bulk of growth loan is taking place on the corporate side and sees good demand from infrastructure companies for funds. Theref

  • Satyam board shortlists possible CEO, CFO to 3 

    23rd January, 2009 16:46

    The government appointed Satyam board is meeting today and there are reports that they are considering candidates for the post of CEO of the beleaguered company.

  • Cable&Wireless rolls out multi-service platform in India

    23rd January, 2009 16:38

    Cable&Wireless rolls out next generation multi-service platform in India. Today’s announcement sees Cable&Wireless become the first International telecom provider

  • Canara Bank has support at Rs 155-160: E Mathew 

    23rd January, 2009 16:36

    Technical Analyst, E Mathew is of the view that Canara Bank can slip to Rs 155-160 which is next major support for the stock.

  • Edelweiss Capital revenues of Rs 198.59cr & PAT Rs 38.13cr

    23rd January, 2009 16:35

    Edelweiss Capital Q3FY09 Revenues of INR 198.59 crores and PAT of INR 38.13 crores. Profit After Tax of INR 38.13 cr (Q2FY09:INR 43.6 cr)

  • See shift of asset allocation to Americas: MF Global Spread 

    23rd January, 2009 16:26

    Manus Cranny, Head-Sales, MF Global Spread, said a lot of funds are going to gradually shifting their asset allocation models more towards the Asia Pacific rim. “I

  • Have exposure to 4 SPVs where Maytas is partner: Canara Bk

    23rd January, 2009 16:23

    AC Mahajan, CMD, Canara Bank, said even though the bank did not have any fund-, non fun-based or capital-market exposure to troubled companies Satyam and Maytas In

  • HCL Tech Q2 net income at Rs 373.3 cr

    23rd January, 2009 16:21

    HCL Technologies has announced its second quarter numbers. Its Q2 standalone net revenue at Rs 2490.8 crore; up 37.1% YoY and up 5.1% sequentially.

  • Mkts may stabilize post earnings season: Experts 

    23rd January, 2009 16:13

    Dipan Mehta, Member of BSE & NSE sees the volatility and news flow getting over by next week as we are completing an earning season. Deepak Jasani, Head-Research,

  • CBL & GE Healthcare to set up Plasma Fractionation facility

    23rd January, 2009 16:11

    Celestial Biologicals Collaborates with GE Healthcare to set up India’s First fully integrated Chromatography based Plasma Fractionation Facility

  • RNRL Q3 standalone net profit at Rs 24.21 cr

    23rd January, 2009 16:00

    RNRL has announced its third quarter results. The company's net sales stood at Rs 137.71 crore versus Rs 40.74 crore.

  • Winners at the 9th CNBC-TV18 IBLA

    23rd January, 2009 15:58

    The much awaited India Business Leader Award was announced on Thursday night in Mumbai. IBLA started in 2005 and it gives prominence and recognition to leaders who

  • MicroWorld charts multi-million Dollar Global Footprint

    23rd January, 2009 15:49

    MicroWorld, the developer of the world's most advanced Information Security Solutions, today announced its global success map worth over a multi - million dollars,

  • Tech Mahindra Q3 cons net profit at Rs 222.87 cr

    23rd January, 2009 15:48

    Tech Mahindra has declared its third quarter results. The company's consolidated net sales were at Rs 1,132.20 crore versus Rs 1,164.82 crore on QoQ basis. Its con

  • Several stocks hit Oct `08 lows

    23rd January, 2009 15:24

    Markets have seen selling pressure throughout the day trade. Banking, capital goods, technology, metal and major telecom stocks were badly hit. Global cues were al

  • Reduce Wipro, target of Rs 215: IIFL

    23rd January, 2009 15:21

    IIFL has maintained its reduce rating for Wipro with a target of Rs 215. The research firm expects pricing to be under pressure and management commentary about a l

  • Sterlite Q3 PAT seen down 28% at Rs 619 cr

    23rd January, 2009 15:16

    Sterlite Industries is to announce its Q3FY09 numbers. According to CNBC-TV18 estimates, its Q3 profit after tax, PAT is seen going down by 28% at Rs 619 crore ver

  • IDBI Bank Q309 net up 27% to Rs 223cr

    23rd January, 2009 15:14

    IDBI Bank reported a net profit of Rs. 223 crore for the quarter ended December 31, 2008, as against Rs. 176 crore in the corresponding quarter ended December 31,

  • HT Media advances 7.2%

    23rd January, 2009 15:10

    HT Media has touched an intra day high of Rs 55.60 and an intra day low of Rs 50. At 3:01 pm, the share was quoting at Rs 53.60, up Rs 3.60, or 7.20%. It was tradi

  • Asian markets end lower

    23rd January, 2009 15:07

    Asian markets ended lower. China's Shanghai Composite was down 0.71% or 14.294 points at 1,990.657. Hong Kong's Hang Seng slipped 0.63% or 79.39 points at 12,578.6

  • Hold JK Paper, target of Rs 18: Emkay Global

    23rd January, 2009 15:05

    Emkay Global Financial Services has recommended a hold rating on JK Paper with a target of Rs 18. APAT was down by 16% YoY to Rs 59 million (against our expectatio

  • OPEC supply cut may see crude at $100/bbl in ‘10: Macquarie 

    23rd January, 2009 15:02

    David Johnson, Head-O and G Research (Asia), Macquarie Research, feels the OPEC are in the driving seat and crude prices are in their hands. He added if OPEC cuts

  • Mkts southbound on weak global cues; banking dips

    23rd January, 2009 15:00

    The sell-off continues in the benchmark indices led by banking, capital goods, technology, metal and major telecom stocks. Global cues are also weak, which are add

  • Buy HDFC, target of Rs 1529: IIFL

    23rd January, 2009 14:58

    IIFL has maintained its buy rating on HDFC with a target of Rs 1529. HDFC reported 3QFY09 operating PAT of Rs 5,468 million, down 1.5% YoY after excluding exceptio

  • Downside limited, see crude heading to $65/bbl: Commtrendz  

    23rd January, 2009 14:53

    T Gnanasekar of Commtrendz Research & Fund Management said the downside is quite limited for crude. "If not, we have already seen a bottom. I see it at least going

  • Risk Management is key to Corporate Governance:D Parekh

    23rd January, 2009 14:49

    Risk Management Is The Key To Good Corporate Governance: Deepak Parekh

  • IFCI witnesses selling pressure

    23rd January, 2009 14:45

    IFCI had touched an intraday high of Rs 19.80 and an intraday low of Rs 17.95. At 2:35 pm, the share was quoting at Rs 18.20, down Rs 1.3, or 6.67%. It was trading

  • Hold Gateway Distriparks: PINC

    23rd January, 2009 14:39

    PINC Research has maintained its hold rating on Gateway Distriparks. Gateway Distriparks Ltd’s (GDL) Q3FY09 consolidated revenues grew by 68% to Rs 1.2 billion an

  • HCC bags Rs 2726.49cr Kishanganga hydel project in J&K

    23rd January, 2009 14:32

    Hindustan Construction Company Ltd, India’s leading construction and infrastructure company in joint venture with Halcrow Group Ltd. U.K. (Halcrow) has been awarde

  • Ansal Prop to invest Rs 500cr in low cost housing; stk down

    23rd January, 2009 14:29

    Ansal Propertie has touched a 52-week low of Rs 22.70. At 2:19 pm, the share was quoting at Rs 22.80, down Rs 1, or 4.2%. The company is going to invest Rs 500 cro

  • Nifty close below 2700 will lead to further capitulation 

    23rd January, 2009 14:24

    Bear cartel continue to hammer midcap stocks and there are reports, which suggest SEBI will probe bear cartel role in recent fall. Nifty close below 2700 will lead

  • MRF Q1 net loss at Rs 38.3 cr

    23rd January, 2009 14:18

    MRF has announced its first quarter numbers. It has reported Q1 standalone net loss at Rs 38.3 crore versus net profit of Rs 51.8 crore, YoY.

  • Tanla Solutions locked at 10% upper circuit

    23rd January, 2009 14:15

    Tanla Solutions is locked at 10% upper circuit. It has touched an intraday high of Rs 45 and an intraday low of Rs 42.50. At 2:03 pm, the share was quoting at Rs 4

  • Quantum Advisors +ve on banking, largecap IT in long-term 

    23rd January, 2009 14:11

    IV Subramanium, CIO, Quantum Advisors, is overweight on banking and the larger IT companies for the long term but is negative on the real estate space. Subramanium

  • Syndicate Bank Q3 net profit at Rs 356.4 cr

    23rd January, 2009 14:09

    Syndicate Bank has announced its Q3FY09 numbesr. Its Q3 standalone net profit went up at Rs 356.4 crore versus Rs 273.2 crore.

  • Greaves Cotton Q3 net profit at Rs 7.7 cr

    23rd January, 2009 14:00

    Greaves Cotton has announced its Q3FY09 numbers. Its Q3 net profit stood at Rs 7.7 crore and net sales at Rs 277 crore.

  • 3i Infotech to maintain FY09 rev, profit outlook 

    23rd January, 2009 13:58

    Amar Chintopanth, ED and CFO, 3i Infotech, said the company has an order book of Rs 1,420 crore as against an order book of Rs 1,372 crore by the end of H1’09. “Th

  • Unitech adds 1.2 cr shares in open interest 

    23rd January, 2009 13:55

    Nifty 2,500 remains to be very strong support level for the market and 2,500 Put is very active. Unitech is down over 5% and has seen addition of nearly 1.2 crore

  • Mercator Lines back on track

    23rd January, 2009 13:52

    Mercator Lines has bounced back today. It had touched an intraday high of Rs 28.60 and an intraday low of Rs 26. At 1:42 pm, the share was quoting at Rs 28, up Rs

  • Crude sees good support at USD 38/bbl 

    23rd January, 2009 13:49

    Crude sees good support at USD 38 per barrel at this point. On the higher side USD 48-50 per barrel is where crude could be headed in coming days.

  • Wataniya Airways becomes newest Airbus operator

    23rd January, 2009 13:46

    Kuwait based Airline Wataniya Airways, has taken delivery of its first leased A320 aircraft, and has become the newest Airbus operator. Wataniya Airways, founded i

  • Sell BOB at Rs 238.2: Sharekhan

    23rd January, 2009 13:42

    Sharekhan has recommended to sell Bank Of Baroda (BOB) at Rs 238.2 with a stoploss of Rs 242.6 and targets of Rs 232 and Rs 226 in its January 23, 2009 research re

  • Rolta tumbles 9%

    23rd January, 2009 13:37

    Rolta had touched an intraday high of Rs 82 and an intraday low of Rs 73.25. At 1:27 pm, the share was quoting at Rs 73.50, down Rs 7.4, or 9.15%. It was trading w

  • Sell Jeera (Feb) at Rs 11050: Sharekhan

    23rd January, 2009 13:36

    Sharekhan has recommended to sell Jeera (February) at Rs 11050 with a stoploss of Rs 11330 and targets of Rs 10790 - 10500 in its January 23, 2009 research report.

  • Buy Hindustan Zinc, target of Rs 830: Karvy

    23rd January, 2009 13:28

    Karvy Stock Broking's has maintained its buy rating on Hindustan Zinc with a target of Rs 830. Hindustan Zinc's (HZL) net profit slipped by 53% YoY and 62% QoQ to

  • Mercator Lines Q3 Singapore subsidiary PAT at $13.1 mn

    23rd January, 2009 13:24

    Mercator Lines has declared its third quarter results. The company's Q3 Singapore subsidiary net profit was at USD 13.1 million versus USD 14.4 million.

  • Biocon's EBITDA Rs 277cr, PAT Rs 174cr (excluding MTM)

    23rd January, 2009 13:22

    Biocon Limited's Revenues (including AxiCorp) on a 9 months comparative basis increased by 46% from Rs. 811 crores in FY 08 to Rs. 1,187 crores in FY 09. BioPharma

  • India's time is now: Mukesh Ambani at CNBC-TV18 IBLA

    23rd January, 2009 13:18

    At the CNBC-TV18 India Business Leader Awards, India Inc spoke on the global economic crisis and how to fight it. Speaking at the event, two important faces of Ind

  • ASUS unveils Eee Top ET1602

    23rd January, 2009 13:13

    ASUS unveiled the Eee Top ET1602, the all-in-one touch-screen computer that boasts the full functionality of a regular desktop PC.

  • See 10-year G-sec in 5.2-5.5% range ahead: CRISIL 

    23rd January, 2009 13:11

    Krishnan Sitaram, Head of Fund Services and Fixed Income, CRISIL, said, “The 10-year G-sec had gone up when the government, a couple weeks ago, had announced an en

  • Top picks of ULJK Securities NTPC, Axis Bank, L&T

    23rd January, 2009 13:00

    ULJK Securities' top picks for 2009 are NTPC, Larsen and Toubro (L&T), Sun Pharmaceuticals, Axis Bank, Reliance Infrastructure, Sun TV, Glenmark Pharmaceuticals, E

  • Mkts weak amid volatility; SBI, ICICI, Infy, CG, NTPC dip

    23rd January, 2009 12:56

    The benchmark indices are witnessing selling pressure amid choppy trade. Weakness continues in capital goods, technology, realty, OMCs, metal, select power, auto a

  • Canara Bank announces result; stock sheds

    23rd January, 2009 12:54

    Canara Bank has touched an intra day high of Rs 212.80 and an intra day low of Rs 167.40. At 12:43 pm, the share was quoting at Rs 172.15, down Rs 32, or 15.67%. I

  • Crompton Q3 cons PAT up at Rs 123.2 cr

    23rd January, 2009 12:50

    Crompton Greaves has announced its third quarter results. The company's Q3 consolidated net profit was up at Rs 123.2 crore versus Rs 82.7 crore.

  • Pyramid Saimira locked at 5% upper circuit

    23rd January, 2009 12:47

    Pyramid Saimira Theatre is locked at 5% upper circuit. It has touched a 52-week low of Rs 22.60. At 12:37 pm, the share was quoting at Rs 24.90, up Rs 1.15. There

  • Coromandel Fertilisers's sales turnover is Rs 8518.12cr

    23rd January, 2009 12:45

    Coromandel Fertilisers Limited's sales turnover during 9 months ended Dec’08 is Rs.8518.12 cr as against Rs.3172.91 crore in the corresponding period last year. (3

  • Pfizer eyes Wyeth, deal seen at $60 bn 

    23rd January, 2009 12:40

    Drug giant, Pfizer is looking to buy out Wyeth. Vikas Dandekar of PharmaAsiaNews.com said this deal is quite likely to happen, but the fact remains that merger of

  • Crompton Greaves Q3 PAT seen up at Rs 112 cr

    23rd January, 2009 12:38

    Crompton Greaves is to announce its Q3FY09 numbers. According to CNBC-TV18 estimates, the company's profit after tax, PAT is seen going up at Rs 112 crore versus R

  • Zee News cons revenues of Rs 1.43bn, up 45.4% for 3QFY09

    23rd January, 2009 12:32

    Zee News Limited (ZNL) reported third quarter fiscal ’09 consolidated revenue of Rs. 1.43 billion, representing 45.4 % growth over the corresponding quarter last f

  • Zee Entertainment continues to fall

    23rd January, 2009 12:27

    Zee Entertainment Enterprises had touched an intra day high of Rs 105.00 and an intra day low of Rs 92.20. At 12:25 pm the share was quoting at Rs 93.10, down Rs 4

  • NCDEX - Trade details for January 22, 2009

    23rd January, 2009 12:26

    At NCDEX, 450 members (2,046 Users) participated in trading on January 22, 2009 up to 5:00 pm and volumes were Rs 2,028 crore (one-way). There were more than 94,

  • Jaiprakash Associates plunges 6.4%

    23rd January, 2009 12:24

    Jaiprakash Associates had touched an intraday high of Rs 66.50 and an intraday low of Rs 61.55. At 12:15 pm, the share was quoting at Rs 61.90, down Rs 4.25, or 6.

  • Hold RIL, says Joshi 

    23rd January, 2009 12:15

    Sharmila Joshi of Systematix Shares & Stocks is of the view that one can hold Reliance Industries. They have made GRM margins almost a third of what they had made

  • Noida Toll Bridge reports net PAT of Rs 231.21mn

    23rd January, 2009 12:08

    NTBCL, the Concessionaire for the Delhi Noida Toll Bridge has reported a net profit after tax of Rs 231.21 million for the nine month period ended December 31, 200

  • HCC bags order worth Rs 2726 cr; stock down

    23rd January, 2009 12:07

    HCC had touched an intraday high of Rs 42.60 and an intraday low of Rs 40.20. At 11:57 am, the share was quoting at Rs 41.30, down Rs 1.15, or 2.71%. The company h

  • Time Technoplast surges 18.4%

    23rd January, 2009 12:00

    Time Techno has touched an intra day high of Rs 22.90 and an intra day low of Rs 19.25. At 11:51 am, the share was quoting at Rs 22.80, up Rs 3.55, or 18.44%. It w

  • Sintex India recovers sharply

    23rd January, 2009 11:56

    Sintex India had touched an intraday high of Rs 143.40 and an intraday low of Rs 126.20. At 11:47 am, the share was quoting at Rs 137.65, up Rs 7.35, or 5.64%. It

  • Mkts see-saw; bank, RIL, Rel Infra, R-Comm, Idea up

    23rd January, 2009 11:54

    The benchmark indices are extremely volatilie. On one side, technology, capital goods, realty, metal stocks as well as NTPC and Tata Power are under pressure while

  • Oil Country Tublar to form JV With Oman Co, stk up

    23rd January, 2009 11:42

    Oil Country Tubular had touched an intraday high of Rs 45 and an intraday low of Rs 40.10. At 11:33 am, the share was quoting at Rs 42.55, up Rs 2.10, or 5.19%. I

  • Mirae Asset Mutual Fund launches Gilt Fund

    23rd January, 2009 11:33

    Mirae Asset Mutual Fund has announced the launch of Mirae Asset Gilt Fund, an open-ended Gilt scheme offering investors the opportunity to participate in a portfol

  • Union Bank of India Q3 net profit at Rs 672 cr

    23rd January, 2009 11:31

    Union Bank of India has announced its third quarter numbers. Its Q3 net profit went up at Rs 672 crore versus Rs 365 crore.

  • Tata Motors among major gainers

    23rd January, 2009 11:24

    Tata Motors is among major gainers on the Nifty. It had touched an intraday high of Rs 139.75 and an intraday low of Rs 130.25. At 11:23 am, the share was quoting

  • Mah and Mah slides 4.6%

    23rd January, 2009 11:12

    Mahindra and Mahindra had touched an intraday high of Rs 287 and an intraday low of Rs 270.50. At 11:03 am, the share was quoting at Rs 274.15, down Rs 13.35, or 4

  • Buy Zee Ent at lower level: V Kapoor 

    23rd January, 2009 11:02

    Vibhav Kapoor of IL&FS Investmart is of the view that one can buy Zee Entertainment Enterprises at lower level. It is business, which to some extent is cyclical bu

  • Open to buying Satyam, but awaiting board nod: iGATE 

    23rd January, 2009 10:54

    Phaneesh Murthy of iGATE said his company is open to buying Satyam. "We would value Satyam on the basis of its assets and customer base. However, we will be on a w

  • See mkts finding base at current levels: Fortis Investments 

    23rd January, 2009 10:52

    Simon Godfrey of Fortis Investments sees evidence of a strong slowdown across Asia. He feels this has been discounted by markets. "We see the markets trading quiet

  • Nifty struggles @ 2700; IT, CG, bank, NTPC weak

    23rd January, 2009 10:33

    The benchmark indices are trading lower amid volatility. Sell-off is seeing in technology, power, capital goods, metal, banking and power stocks as well as in Bhar

  • Buy Satyam at Rs 18-20: Gujral 

    23rd January, 2009 10:32

    Technical Analyst, Ashwani Gujral is of the opinion that one can buy Satyam when some bad news hits it and it goes down around 10-15% around Rs 18-20 and try to ge

  • Ashok Leyland bags order; stk rises

    23rd January, 2009 10:25

    Ashok Leyland had touched an intraday high of Rs 14.95 and an intraday low of Rs 14.55. At 10:16 am, the share was quoting at Rs 14.60, up Rs 0.35, or 2.46%. The c

  • Satyam maintains its march ahead

    23rd January, 2009 10:20

    Satyam Computer Services had touched an intraday high of Rs 32.80 and an intraday low of Rs 28.50. At 10:11 am, the share was quoting at Rs 32.50, up Rs 2.90, or 9

  • Unitech loses further ground

    23rd January, 2009 10:16

    Unitech has continued to fall. It had touched an intraday high of Rs 28.25 and an intraday low of Rs 26.80. At 10:08 am, the share was quoting at Rs 27.15, down Rs

  • Nalco top loser on the Nifty

    23rd January, 2009 10:15

    Nalco is the top loser on the Nifty. It had touched an intraday high of Rs 193.95 and an intraday low of Rs 186.55. At 10:14 am, the share was quoting at Rs 189.75

  • Buy Nifty on dip: Nirmal Bang

    23rd January, 2009 09:59

    According to Nirmal Bang's report, one can buy on dip with a stoploss of 2670 on the spot nifty.

  • Buy Gold Feb at around Rs 13420: Mansukh Securities

    23rd January, 2009 09:55

    Mansukh Securities and Finance has recommended to buy Gold February at around Rs 13420 with stoploss below Rs 13360 for the target of Rs 13560.

  • L&T shareholders will not like bidding for Satyam 

    23rd January, 2009 09:53

    People would start wondering about L&T as well because the rumour is that they are the front runner for buying Satyam and may be L&T shareholders will not like it

  • Mkts quiet; RIL gains on better-than-expected Q3 nos

    23rd January, 2009 09:51

    The benchmark indices have opened mildly on a weak note and started trading with some volatility. Reliance gained over 2% on the back of better-than-expected Q3 FY

  • US markets end lower 

    23rd January, 2009 09:50

    Amidst Microsoft earnings and a spike in jobless claims send stocks reeling. The Dow down 105 points and Nasdaq lowered by 41 points. After hours, Google shares sp

  • Nifty has support at 2640: Reliance Money

    23rd January, 2009 09:47

    According to Reliance Money's Morning Notes, as for today's trade we may once again observe extremely high volatile session with NIFTY now facing strong hurdle ar

  • 3i Infotech Q3 net profit at Rs 27cr

    23rd January, 2009 09:44

    3i Infotech has declared its third quarter results. The company's net sales were at Rs 109.1 crore versus Rs 158.3 crore, QoQ.

  • Circuit filters change on BSE

    23rd January, 2009 09:42

    The circuit filters has been changed from their existing levels in Kilburn Engineering, Nicco-Uco Alliance Credit, Austral Coke & Projects, Gammon Infrastructure P

  • Expect negative opening: Karvy

    23rd January, 2009 09:40

    According to Karvy Stock Broking's Technical Analysis report, the indices are expected to open on a negative note in line with the weak global cues.

  • Tamil Nadu News Q3 net profit at Rs 21.2 cr

    23rd January, 2009 09:37

    Tamil Nadu Newsprint and Papers has declared its third quarter results. The company's net sales were at Rs 247.9 crore versus Rs 235.1 crore.

  • Nifty likey to witness range of 2790-2640: Mansukh Sec

    23rd January, 2009 09:36

    According to Mansukh Securities and Finance's report, The coming session in Indian equity markets particularly Nifty is likely to witness a range of 2,790 on advan

  • Nifty has resistance at 2750: FinQuest Securities

    23rd January, 2009 09:32

    According to FinQuest Securities' report, Nifty is facing falling trend line resistance at 2750 and is likely to face selling pressure as it attempts to breach it.

  • IDBI Bank Q3 PAT seen up 13.40% at Rs 199 cr

    23rd January, 2009 09:28

    IDBI Bank is to announce its Q3FY09 numbers. According to CNBC-TV18 estimates, its Q3 profit after tax, PAT is seen going up by 13.40% at Rs 199 crore versus Rs 17

  • LIC lends support to Satyam, says co can be revived

    23rd January, 2009 09:25

    The beleaguered tech giant Satyam Computer Services got a vote of confidence from one of its largest stakeholders––Life Insurance Corporation of India (LIC). Coun

  • Dish TV Q3 net loss at Rs 118.1 cr

    23rd January, 2009 09:20

    Dish TV has announced its third quarter results. Its net loss was at Rs 118.1 crore versus net loss of Rs 116.4 crore. Its interest costs were of Rs 22.12 crore ve

  • NELCO Q3 net loss at Rs 8.33 cr

    23rd January, 2009 09:15

    NELCO has declared its third quarter results. The company's net sales were at Rs 31.9 crore versus Rs 44.7 crore. Its net loss was at Rs 8.33 crore versus net loss

  • Interim general Budget on Feb 16

    23rd January, 2009 09:12

    The Secretary General of the Rajya Sabha has said that the United Progressive Alliance (UPA) government will present the interim general Budget, and not a vote on

  • JB Chem & Pharma Q3 net profit at Rs 14.2cr

    23rd January, 2009 09:11

    JB Chem & Pharma has declared its third quarter results. The company's net sales were at Rs 223 crore versus Rs 139 crore.

  • RIL may help mkts snap out of trading range 

    23rd January, 2009 09:05

    Reliance Industries' Q3 FY09 numbers were well above the street expectations. The stock is likely to head higher today. The big question is will it help markets sn

  • HCL Tech Q3 net seen up 8.7% to Rs 367 cr

    23rd January, 2009 09:02

    HCL Tech is to announce its third quarter numbers. According to CNBC-TV18 estimates, its Q3 net profit is seen going up by 8.7% to Rs 367 crore versus Rs 337.5 cro

  • Buy MCX Feb Gold at Rs 13510: Mittal

    23rd January, 2009 09:00

    For gold, buy MCX February at Rs 13,510 per 10 grams with a target of Rs 13,580 per 10 grams, says Mittal.

  • 10-year yield likely to rally by 10 bps: Sampat

    23rd January, 2009 08:59

    The 10-year yield is likely to rally by 10 bps as bulk of selling and profit-taking in bond market is over. The market is watching out for the credit policy on Tue

  • Mkts may open flat with weak undertone: PN Vijay

    23rd January, 2009 08:58

    Markets may open flat with a weak undertone in line with the global cues, PN Vijay said.

  • Rupee may test 49.30/USD: Thanawala

    23rd January, 2009 08:50

    The rupee is likely to be weak today, may test Rs 49.30 per dollar. I expect to see buying in dollars on account of Options expiry. The range for the day is seen b

  • FIIs net sell Rs 1,760 cr this week 

    23rd January, 2009 08:44

    Global markets are on the weaker side. US markets ended with deep cuts last night. Market are drifting down into lower range; supply is coming in at Nifty 2,750-2,

  • Satyam customers approach Infotech

    23rd January, 2009 08:39

    Infotech Enterprises Ltd, a leading engineering design services and GIS player in India, has admitted that a few customers of Satyam Computer Services had approach

  • Wipro has Rs 5,831-cr liquid investments

    23rd January, 2009 08:34

    Wipro Ltd has liquid investments to the tune of Rs 5,830.6 crore at the end of the December quarter, parked in various instruments such as cash deposits, money mar

  • Crude at $42.80/bbl

    23rd January, 2009 08:30

    Crude was little changed after a US government report showed a bigger-than-forecast gain in oil and fuel supplies as the recession curbed demand. Gasoline inventor

  • Stocks in news: Satyam, Maytas Infra, RIL, Infy

    23rd January, 2009 08:29

    Stocks in news: Goldman appointed as Satyam I-Banker. Maharashtra Govt scrapped contracts worth Rs 480 awarded by MSEB to Maytas Infra. Infosys & IBM battle to acq

  • Weak trend at Kochi tea sale

    23rd January, 2009 08:20

    Lower arrivals failed to boost sentiment at the Kochi tea auction as dust prices settled lower, while leaf tea remained steady. Major blenders remained selective a

  • Pepper futures drop marginally

    23rd January, 2009 08:19

    Pepper futures market contrary to expectations declined marginally on Thursday for want of overseas buying support.

  • Cardamom rules steady on buying support

    23rd January, 2009 08:16

    Cardamom auctions resumed this week after the week-long Pongal holidays in Tamil Nadu and Kerala and the market was steady with good buying support.

  • Indian ADRs: Dr Reddys slips ,7.4% Wipro down 6%

    23rd January, 2009 08:08

    Indian ADRs: Dr Reddys. Wipro, Infosys, Sterlite, Satyam, ICICI Bank, HDFC Bank and MTNL slipped.

  • Asia trading lower; Nikkei down nealy 3%

    23rd January, 2009 08:00

    Asian markets were trading lower. China's Shanghai Composite was down 0.77% or 15.50 points at 1,989.45. Hong Kong's Hang Seng slipped 0.75% or 95.04 points at 12,

  • Union Bank eyes 3% NIM for full year 

    23rd January, 2009 19:55

    MV Nair, CMD, Union Bank of India estimates the bank’s Net interest margin or NIM to be at 3% for the whole year he also sees the banks advances growing at somewhe

  • Atul reports net sales at Rs 919cr, up by 24%

    23rd January, 2009 19:21

    Atul Ltd announced its unaudited results for the third quarter ended December 31, 2008. During the 9 months ended December 31, 2008, net sales grew by 24% to Rs 91

  • Indiabulls cons revenues up 26.2% to Rs 546.1cr in Q3FY09

    23rd January, 2009 19:00

    Indiabulls Financial Services consolidated total revenues up 26.2% to Rs 546.1 crore in Q3 of FY 09 from Rs. 432.7 crore in Q3 of FY 08. EBITDA up 14.3% to Rs. 38

  • Q2 nos reflect good growth all round: HCL Tech 

    23rd January, 2009 18:14

    HCL Technologies has announced its second quarter numbers. Its Q2 standalone net profit went up at Rs 398.01 crore versus Rs 253.79 crore, QoQ. Vineet Nayar, CEO,

  • GE Capital names Vicky Bindra as President, CEO of Fin Srvs

    23rd January, 2009 18:09

    GE Capital (NYSE: GE) announced today that Mr. Vicky Bindra has been appointed as President and CEO, leading all of its consumer and commercial financial services

  • Rupee ends lower, bonds higher

    23rd January, 2009 17:52

    The spot rupee ended lower at Rs 49.26 per USD as against its previous close of Rs 49.15. The widely traded 8.24%, 2018 paper closed higher at Rs 117.80 as against

  • Rel Comm expects Rs 15000 cr capex for FY10

    23rd January, 2009 17:42

    Reliance Comm has declared its third quarter numbers of FY09. Its Q3 net profit was down by 7.9% at Rs 1410 crore versus Rs 1,531 crore, QoQ. The company's revenue

  • L&T increases stake in Satyam from 4% to 12%

    23rd January, 2009 17:32

    Larsen & Toubro has increased its stake in Satyam Computer Services from 4% to 12%. Bulk of the buying was done by the infrastructure giant on Friday. The Satyam s

  • Cathay Pacific reduces passenger fuel surcharge

    23rd January, 2009 17:24

    Cathay Pacific reduces passenger fuel surcharge. Cathay Pacific Airways today announced a reduction in its fuel surcharges following an adjustment to surcharge lev

  • HCL Q2 revenues at Rs 2490.8cr up 37.1% YoY, 5.1% QoQ

    23rd January, 2009 17:09

    HCL Q2 revenues at Rs. 2490.8 Cr up 37.1% YoY and 5.1% QoQ Net Income at Rs. 373.3 Cr up 12.1% YoY and 4.8% QoQ

  • Nandigram project to start in mid March: Everest Kanto

    23rd January, 2009 17:00

    Everest Kanto Cylinder has declared its third quarter results. The company's standalone net profit was at Rs 8.2 crore versus Rs 21.2 crore on QoQ basis.

  • Canara Bank has no direct exposure in Maytas Infra

    23rd January, 2009 16:58

    Canara Bank has announced its third quarter numbers. Its Q3 standalone net profit was up 52.89% at Rs 701.50 crore versus Rs 458.83 crore in same period of last y

  • Tech Mahindra Q3 revenue up by 17%

    23rd January, 2009 16:54

    Tech Mahindra Limited, one of the largest solution providers in the telecom space, announced 12% growth in net profit after tax and 17% growth in revenue for Q3 09

  • ICICI Bank can slip to Rs 305-315: E Mathew 

    23rd January, 2009 16:50

    Technical Analyst, E Mathew is of the view that ICICI Bank can slip to as low as Rs 305-315.

  • IDBI Fortis secures Title Sponsorship of India

    23rd January, 2009 16:44

    Nimbus Sport has entered into an agreement with IDBI Fortis for Title Sponsorship of the India - Sri Lanka Cricket Series 2009 consisting of 5 One Day Internationa

  • Capex for current FY between Rs 79-90 cr: Ipca

    23rd January, 2009 16:37

    Ipca Laboratories has declared its third quarter results. The company's net profit was down 39% at Rs 23.2 crore versus Rs 38.3 crore.

  • PM eco panel cuts FY09 growth forecast to 7.1% vs 7.7%

    23rd January, 2009 16:35

    The Prime Minister’s Economic Panel has cut India's FY09 growth forecast to 7.1% versus 7.7% and expects the current account deficit at 1.9% of GDP. It sees the FY

  • ING Vysya Q3 net profit up at Rs 52.05 cr

    23rd January, 2009 16:34

    ING Vysya Bank has announced its third quarter results. The company's Q3 standalone NII at Rs 172.71 crore versus Rs 155.87 crore, YoY.

  • IFCI can slip to Rs 15: E Mathew 

    23rd January, 2009 16:25

    Technical Analyst, E Mathew is of the view that IFCI can slip to Rs 15.

  • Glenmark's molecule GRC 15300 to enter Phase I trials

    23rd January, 2009 16:21

    Glenmark’s molecule for Osteoarthritic and Neuropathic Pain, GRC 15300, to enter Phase I trials

  • 3i Infotech order book stands at Rs 1,420 cr

    23rd January, 2009 16:14

    3i Infotech has declared its third quarter results. The company's net sales were at Rs 109.1 crore versus Rs 158.3 crore, QoQ.

  • Rel Comm Q3 net profit at Rs 1410 cr

    23rd January, 2009 16:12

    Reliance Communication has declared its third quarter numbers of FY09. Its consolidated net sales were up at Rs 5,441.53 crore versus Rs 5,026.31 crore.

  • BIS gets CMMI certification for superior technology soln

    23rd January, 2009 16:09

    Bird Information Systems (BIS) receives CMMI certification for superior technology solutions. BIS a leading technology provider of automated aviation, travel, Airl

  • Stay away from United Spirits: D Mehta 

    23rd January, 2009 16:00

    Dipan Mehta, Member, BSE/NSE is of the view that one can stay away from United Spirits.

  • MRF sees turnaround backed by lower input cost 

    23rd January, 2009 15:52

    Koshi Varghese, Executive VP- Marketing, MRF, said the major hit on the company’s bottomline was due to high commodity especially hydrocarbon prices and the compan

  • TAL Manufacturing Solns launches next generation products

    23rd January, 2009 15:48

    TAL Manufacturing Solutions Ltd. the wholly owned subsidiary of Tata Motors, today showcased their new range of next generation machines at IMTEX 2009:

  • Nifty ends below 2700; banking, CG, tech, metal drag

    23rd January, 2009 15:36

    The benchmark indices remained under pressure throughtout the session, after some initial choppy trade. Both indices closed the day as well as week on a weak note.

  • Canara Bank may slip to Rs 150: Bose 

    23rd January, 2009 15:23

    Technical Analyst, Rajat K Bose is of the view that Canara Bank may slip to Rs 150.

  • Buy Cipla, target of Rs 215: IIFL

    23rd January, 2009 15:18

    IIFL has maintained its buy rating on Cipla with a target price of Rs 215. Cipla reported another quarter of strong topline growth supported by expanding EBITDA ma

  • Bharat Electronics Q3 net profit at Rs 123 cr

    23rd January, 2009 15:14

    Bharat Electronics has declared its third quarter results. The company's net sales were at Rs 671 crore versus Rs 664 crore. Its net profit was at Rs 123 crore ver

  • Add Yes Bank, target of Rs 71: IIFL

    23rd January, 2009 15:13

    IIFL has maintained an Add rating on Yes Bank with a target of Rs 71. Yes Bank reported a strong 95% YoY growth in net profit, to Rs 1,058 million.

  • Idea Cellular has capex of Rs 60 bn for FY10

    23rd January, 2009 15:08

    Idea Cellular has declared its third quarter results. Its net profit was up by 52.7% at Rs 220 crore as against Rs 144.07 crore in previous quarter. The capex for

  • Buy Hindustan Zinc, target of Rs 410: IIFL

    23rd January, 2009 15:05

    IIFL has retained its buy rating on Hindustan Zinc with a target of Rs 410. Hindustan Zinc reported a profit of Rs 3.7 billion for 3QFY09, down 53% YoY.

  • Nuance & IBM to advance Innovative Speech Solutions

    23rd January, 2009 15:04

    Nuance Communications, Inc, a leading provider of speech solutions, and IBM, a pioneer in speech technology, jointly announced that Nuance and IBM have entered int

  • IDBI Bank Q3 net profit at Rs 222.6 cr

    23rd January, 2009 15:00

    IDBI Bank has announced its third quarter results. The company's standalone net profit was at Rs 222.6 crore versus Rs 175.8 crore on YoY basis.

  • Q3 revenue at Rs 250 cr: Everest Kanto Cylinder 

    23rd January, 2009 14:59

    Prem Khurana, CMD, Everest Kanto Cylinder, said the company’s quarterly revenue stood at Rs 250 crore while the profit after tax (PAT) was at Rs 38 crore. “Origina

  • Disha Direct's Investment Square has 180 confirmed booking

    23rd January, 2009 14:57

    Investment Square, the real estate advisory wing of the Disha Direct Marketing Services Pvt Ltd, a reputed and trusted name in real estate, has generated excellent

  • Buy Bharti Airtel, target of Rs 877: IIFL

    23rd January, 2009 14:52

    IIFL has maintained its buy rating on Bharti Airtel with a target price of Rs 877. Bharti’s stable performance in turbulent times owes to mobile revenues growing b

  • FOMC meet, US Q4 GDP nos important events next week 

    23rd January, 2009 14:47

    Two most important events next week will be the FOMC announcement which will be on Wednesday and the US Q4 GDP numbers, which will be released on Friday.

  • STFC's revenues surged by 48.22% to Rs 972.85cr

    23rd January, 2009 14:40

    Shriram Transport Finance's revenues for the third quarter ended 31st. December, 2008 surged by 48.22% to Rs. 972.85 crores as against Rs. 656.36 crores of the sam

  • Unitech sees build up of 1.14 cr shares in OI 

    23rd January, 2009 14:39

    NSE F&O turnover stood at Rs 27,500 crore and Rs 36,000 crore in total. Some stocks futures are trading at discount of 10%. Nifty futures has seen a build up of 80

  • Karnataka Bank Q3 net profit at Rs 89.3 cr

    23rd January, 2009 14:29

    Karnataka Bank has come out with third quarter numbers. Its Q3 net profit stood at Rs 89.3 crore as against Rs 69 crore.

  • Edelweiss Cap Q3 cons net profit at Rs 38.5 cr

    23rd January, 2009 14:27

    Edelweiss Capital has declared its third quarter results. Its consolidated net profit was down 23% at Rs 38.5 crore versus Rs 49.87 crore on QoQ basis.

  • Oracle Financial gushes forth

    23rd January, 2009 14:23

    Oracle Financ has touched an intra day high of Rs 499.90 and an intra day low of Rs 455. At 2:14 pm, the share was quoting at Rs 477, up Rs 26.20, or 5.81%. It was

  • Buy Yes Bank, target of Rs 98: Angel

    23rd January, 2009 14:16

    Angel Broking has maintained its buy rating on Yes Bank with a target of Rs 98. The Bank reported Net Profit growth of 95% yoy to Rs 106 cr (Rs 54 cr). Net Interes

  • Hindustan Zinc an underperformer: HDFC Securities

    23rd January, 2009 14:14

    HDFC Securities has maintained its underperformer rating on Hindustan Zinc with a target price of Rs 271. HZL’s revenue declined 37% YoY to Rs 10.7 billion in Q3FY

  • Personal risk and how to manage it!

    23rd January, 2009 14:09

    Financial planning without proper risk management is incomplete says expert Gaurav Mashruwala.

  • Credit growth will be muted going ahead: Vijaya Bk 

    23rd January, 2009 14:00

    Vijaya Bank Q3 standalone net profit went up at Rs 157 crore versus Rs 126.9 crore (YoY). Albert Tauro, Chairman, Vijaya Bank is of the view that credit growth wil

  • SBI among major losers

    23rd January, 2009 13:59

    SBI is among major losers on the Sensex. It had touched an intraday high of Rs 1,112 and an intraday low of Rs 1,037.60. At 1:50 pm, the share was quoting at Rs 1,

  • HT Media puts on a good show

    23rd January, 2009 13:56

    HT Media had touched an intraday high of Rs 55.60 and an intraday low of Rs 50. At 1:46 pm, the share was quoting at Rs 52.90, up Rs 2.90, or 5.80%. It was trading

  • Sensex tests 8700; CG, IT, banking under pressure

    23rd January, 2009 13:54

    The benchmark indices have extended losses further though volatility is still lingering. Reliance Industries has also wiped out its first session gains. Sell-off i

  • Everest Kanto Q3 net profit at Rs 8.2 cr

    23rd January, 2009 13:49

    Everest Kanto Cylinder has declared its third quarter results. The company's standalone net profit was at Rs 8.2 crore versus Rs 21.2 crore on QoQ basis.

  • European markets trading lower

    23rd January, 2009 13:46

    European markets were trading lower. CAC 40 was down 0.41% or 11.80 points at 2,857.82. DAX slipped 0.47% or 19.82 points at 4,199.60. FTSE 100 fell 0.18% or 7.11

  • Welspun Guj continues to slip

    23rd January, 2009 13:43

    Welspun Guj has continued to fall. It had touched an intraday high of Rs 82 and an intraday low of Rs 74.75. At 1:32 pm, the share was quoting at Rs 75.00, down Rs

  • Moser Baer's thin film ready for production of solar module

    23rd January, 2009 13:40

    Moser Baer, the global technology company, today announced that its photovoltaic subsidiary is ready for production of thin film photovoltaic modules at its manufa

  • Solar Eclipse doom or boom for stock market

    23rd January, 2009 13:37

    As per Lt Col Ajay CEO www.astromoneyguru.com Fifth week of year 2009 is represented by Figure and as per finical numerology Figure five is represented by Mercury.

  • Dish TV mkt share near 48% despite new launches 

    23rd January, 2009 13:31

    Salil Kapoor, COO, Dish TV, said the reduction in losses was due to the addition in the number of subscribers this quarter. "We added 7.9 lakh customers this quart

  • Indu City to create new residential projects in city

    23rd January, 2009 13:25

    ‘Indu City’ to create new benchmark for residential projects in city. After successfully launching two mega residential ventures, Indu Fortune Fields (Kukatpalli)

  • PNB loses further ground

    23rd January, 2009 13:23

    PNB had touched an intraday high of Rs 429 and an intraday low of Rs 406.50. At 1:14 pm, the share was quoting at Rs 406.50, down Rs 20.3, or 4.76%. It was trading

  • Voltas' Burj Tower project to be completed on Sept 9 

    23rd January, 2009 13:19

    MM Miyajiwala, Voltas said the company’s expenses have gone up substantially YoY and also in the nine months, primarily because of substantial order book in West A

  • Tata Steel slips further

    23rd January, 2009 13:15

    Tata Steel had touched an intraday high of Rs 180 and an intraday low of Rs 171.25. At 1:06 pm the share was quoting at Rs 172.55, down Rs 6.65, or 3.71%. It was t

  • Shriram Transport Q3 net profit at Rs 149.3 cr

    23rd January, 2009 13:13

    Shriram Transport Finance Corporation has declared its third quarter results. The company's net profit was at Rs 149.3 crore versus Rs 110.7 crore.

  • CCCL signs MoU with SASTRA University

    23rd January, 2009 13:10

    CCCL signs MoU with SASTRA University. Consolidated Construction Consortium Ltd, a major construction company has signed a memorandum of understanding with SASTRA

  • Tata Power takes a dip

    23rd January, 2009 13:00

    Tata Power Company had touched an intraday high of Rs 710 and an intraday low of Rs 681.20. At 12:53 pm, the share was quoting at Rs 683.30, down Rs 31, or 4.34%.

  • Reliance Power an outperformer: FinQuest Securities

    23rd January, 2009 12:54

    FinQuest Securities has rated Reliance Power as an outperformer. Net Profit for Q309 stands at Rs 10.6 billion against Rs 3.7 billion in Q209. RPower is well on tr

  • Punj Lloyd Q3 sales seen up 27.6% at Rs 2702.61 cr 

    23rd January, 2009 12:53

    Punj Lloyd is to announce its Q3FY09 numbers. According to CNBC-TV18 estimates, its Q3 profit after tax, PAT is seen going up at Rs 105 crore versus Rs 54.6 crore

  • Buy RIL, target of Rs 1600: VCK Share

    23rd January, 2009 12:48

    VCK Share and Stock Broking Services has recommended a buy rating on Reliance Industries (RIL) with a target of Rs 1600. RIL’s Q3FY09 net profit fell by 9.8% on Yo

  • SC directs Vodafone to reply to I-T show cause notice 

    23rd January, 2009 12:45

    The Supreme Court has asked Vodafone to reply to the Income Tax Department show cause notice.

  • HDIL loses further ground

    23rd January, 2009 12:43

    HDIL has continued to fall. It had touched an intraday high of Rs 95 and an intraday low of Rs 87.25. At 12:34 pm, the share was quoting at Rs 88.70, down Rs 7.55,

  • ICI India has cash balance of Rs 1000 cr

    23rd January, 2009 12:40

    ICI India December quarter PAT at Rs 174.9 crore versus Rs 6.4 crore on YoY basis. It has cash balance of Rs 1000 crore.

  • Larsen Oman arm bags orders worth Rs 1,198cr; stk down

    23rd January, 2009 12:34

    Larsen and Toubro has touched a 52-week low of Rs 645. At 12:22 pm, the share was quoting at Rs 647.60, down Rs 16.3, or 2.46%. The company's Oman arm has bagged c

  • Inflation rises to 5.60%: Emkay Global

    23rd January, 2009 12:30

    Inflation for the week ended January 10, 2009 stood at 5.60% as compared to5.24% reported in the last week.

  • RIL has resistance at Rs 1230-1250: R Jain 

    23rd January, 2009 12:27

    Rajesh Jain of SMC Global Securities is of the view that Reliance Industries has resistance at Rs 1230-1250 and once it closes above those levels it may take a goo

  • Manmohan Singh to undergo bypass surgery tomorrow: Sources

    23rd January, 2009 12:24

    There are reports that Prime Minister Manmohan Singh will undergo second by-pass surgery tomorrow and he will be out of action till March. Singh may be admitted to

  • Moser Baer sues Seventymm for Rs 50cr compensation, stk up

    23rd January, 2009 12:16

    Moser Baer had touched an intraday high of Rs 63.80 and an intraday low of Rs 60.10. At 12:06 pm, the share was quoting at Rs 62.60, up Rs 0.50, or 0.81%. Moser Ba

  • Voltas sales up by 29%

    23rd January, 2009 12:14

    Voltas sales up by 29%; Sales/Income from Operations at Rs.870 crores, Profit before Exceptional items at Rs.60 crores, Profit After Tax at Rs.42 crores, EPS at R

  • Indian GDRs: Ranbaxy down 7.5%, Dr Reddys down 7.4%

    23rd January, 2009 12:07

    Indian GDRs: Ranbaxy was down 7.53% at USD 3.93, Dr Reddys slipped 7.46% at USD 8.56, ITC fell 6.88% at USD 3.25, Infosys was down 4.53% at USD 25.53, L&T declined

  • BoR Q3 net profit up by 16.75%

    23rd January, 2009 12:02

    The Bank of Rajasthan Ltd., one of the leading private sector banks in the country, has announced net profit of Rs. 49.21 crore during the quarter December 2008, s

  • RIL Q3 forex loss of Rs 254 crore

    23rd January, 2009 11:59

    Reliance management disclosed greater details on cash flow management & crude hedging policies. The management emphasized its higher reliance on physical delivery

  • 3i Infotech records revenue of Rs 1694.10cr

    23rd January, 2009 11:55

    3i Infotech records revenue of Rs 1694.10 crores and net profit of Rs 199.77 crores for the nine months ended FY 2009

  • See downward mkt trend till elections: Alchemy Capital 

    23rd January, 2009 11:46

    KN Vaidyanathan, CEO, Alchemy Capital, sees the markets trending downward till elections. He is of the view that in the reset of expectations in the market, a lot

  • Canara Bank Q3 net profit at Rs 701.5 cr

    23rd January, 2009 11:39

    Canara Bank has announced its third quarter numbers. Its Q3 standalone net profit was at Rs 701.50 crore versus Rs 458.83 crore in same period of last year.

  • Pfizer in good health

    23rd January, 2009 11:31

    Pfizer had touched an intraday high of Rs 528 and an intraday low of Rs 481.75. At 11:22 am, the share was quoting at Rs 522.05, up Rs 39.15, or 8.11%. It was trad

  • Vijaya Bank Q3 net profit at Rs 157 cr

    23rd January, 2009 11:27

    Vijaya Bank has announced its third quarter numbers. Its Q3 standalone net profit went up at Rs 157 crore versus Rs 126.9 crore (YoY).

  • Voltas Q3 PAT at Rs 42.41 cr

    23rd January, 2009 11:21

    Voltas has declared its third quarter results. Its PAT was up 6.2% at Rs 42.41 crore versus Rs 39.9 crore.

  • Airline stks look good for trading: V Kapoor 

    23rd January, 2009 11:08

    Vibhav Kapoor of IL&FS Investmart is of the view that airline stocks are looking good for trading but not for investment.

  • Cipla top gainer on the Nifty

    23rd January, 2009 10:59

    Cipla is the top gainer on the Nifty. It had touched an intraday high of Rs 188.50 and an intraday low of Rs 174. At 10:58 am, the share was quoting at Rs 187.00,

  • DLF has support at Rs 100: Gujral 

    23rd January, 2009 10:54

    Technical Analyst, Ashwani Gujral is of the view that DLF has support at Rs 100.

  • Sell Crude MCX 1St Month Future at Rs 2053: Hem

    23rd January, 2009 10:34

    Hem Securities has recommended to sell Crude MCX 1St Month Future at Rs 2053 with a stoploss of Rs 2113 and target of Rs 1975.

  • Adding 2.7m users per month sustainable: Bharti 

    23rd January, 2009 10:33

    Akhil Gupta of Bharti Enterprises said the use of minutes per customer fell due to irrational tariff plans in the market. He, however, feels that minutes of usage

  • Voltas approves to transfer chemicals trading biz; stk down

    23rd January, 2009 10:28

    Voltas has touched a 52-week low of Rs 40. At 10:18 am, the share was quoting at Rs 40.25, down Rs 2.15, or 5.07%. The company board has approved transfer of chemi

  • United Spirits plunges nearly 5%

    23rd January, 2009 10:23

    United Spirits had touched an intraday high of Rs 587.45 and an intraday low of Rs 527.50. At 10:22 am, the share was quoting at Rs 540.50, down Rs 27.75, or 4.88%

  • BPL Q3 net loss at Rs 6.8 cr

    23rd January, 2009 10:18

    BPL has declared its third quarter results. The company's net sales were at Rs 17 crore versus Rs 21 crore. Its net loss was at Rs 6.8 crore versus net loss of Rs

  • ALLSEC Tech Q3 net loss at Rs 2.3 cr

    23rd January, 2009 10:15

    ALLSEC Technologies has declared its third quarter results. The company's consolidated net sales were at Rs 28.5 crore versus Rs 24.9 crore. Its net loss was at Rs

  • Reliance announces results; stk rises

    23rd January, 2009 10:09

    Reliance Industries had touched an intraday high of Rs 1,335 and an intraday low of Rs 1,120. At 10:08 am, the share was quoting at Rs 1,161.00, up Rs 24.70, or 2.

  • Educomp Solutions may slip to Rs 1200: Gujral 

    23rd January, 2009 09:57

    Technical Analyst, Ashwani Gujral is of the view that If Educomp Solutions breaks Rs 1500 then it may go as low as Rs 1200.

  • Ranbaxy has support at Rs 164: Gujral 

    23rd January, 2009 09:53

    Technical Analyst, Ashwani Gujral is of the view that Ranbaxy Laboratories has support at Rs 164.

  • See Nifty at 2250-2400 by March: Vibhav Kapoor 

    23rd January, 2009 09:51

    Vibhav Kapoor of IL&FS said downward risk for the market still exist at this point of time. He sees the Nifty heading maybe back to 2,250-2,400 levels over the nex

  • INOX Leisure Q3 net profit at Rs 3.99 cr

    23rd January, 2009 09:51

    INOX Leisure has declared its third quarter results. The company's net sales were at Rs 65.5 crore versus Rs 59.8 crore. Its net profit was at Rs 3.99 crore versus

  • Team Slumdog celebrates 10 Oscar nominations

    23rd January, 2009 09:48

    Slumdog Millionaire, Danny Boyle's rag-to-riches story about the coming of age of a Mumbai slum child, has bagged 10 Oscar nominations this year. Though the nomina

  • Reliance has support at Rs 1080-1100: Gujral 

    23rd January, 2009 09:46

    Technical Analyst, Ashwani Gujral is of the view that Reliance Industries has support at Rs 1080-1100 region but once all the shorts are out, follow through buying

  • Sensex may test 8600-8470: Angel

    23rd January, 2009 09:44

    According to Angel Broking's Technical Analysis report, on the downside, indices are likely to test 8600–8470/2610–2570 levels.

  • JK Tyre Dec qtr net loss at Rs 27.4 cr

    23rd January, 2009 09:41

    JK Tyre and Industries has declared its December quarter results. The company's net sales were at net sales were at Rs 782.2 crore versus Rs 722.88 crore.

  • Reliance may get back to Rs 1250 

    23rd January, 2009 09:39

    Tt is entirely conceivable that Reliance gets back to Rs 1,250 levels maybe even Rs 1,300 over a period of time. It is very likely that happens because you really

  • Vijaya Bank Q3 PAT seen up 16.72% at Rs 148 cr

    23rd January, 2009 09:36

    Vijaya Bank is to announce its Q3FY09 numbers. According to CNBC-TV18 estimates, the bank's profit after tax, PAT is seen going up by 16.72% at Rs 148 crore versus

  • ING Vysya Bank Q3 PAT seen up 11% at Rs 47 cr

    23rd January, 2009 09:35

    ING Vysya Bank is to announce its Q3FY09 numbers. According to CNBC-TV18 estimates, its profit after tax, PAT is seen going up by 11% at Rs 47 crore versus Rs 42.7

  • Go short at 2765-2780 Nifty: Ashwani Gujral 

    23rd January, 2009 09:31

    Technical Analyst Ashwani Gujral said in the current downtrend if the Nifty touches 2,765-2,780 it’s good news and investors should go short at these levels. Howev

  • Zandu Pharma Q3 net profit at Rs 7.2 cr

    23rd January, 2009 09:27

    Zandu Pharma has declared its third quarter results. The company's net sales were at Rs 58.35 crore versus Rs 56.1 crore. Its net profit was at Rs 7.2 crore versus

  • Nifty 2700 call adds 9.5 lakh shares in OI 

    23rd January, 2009 09:23

    FIIs were net buyers to the tune of Rs 229 crore in Nifty futures and its Open Interest (OI) was up by 27,310 contracts. Marketwide rollover was at 22% and Nifty r

  • Ranbaxy will underperform Cipla, Glenmark, Sun Pharma 

    23rd January, 2009 09:17

    Ranbaxy will underperform stocks like Cipla, Glenmark and Sun Pharma - not necessarily in that order - in the pharmaceutical space despite stretched valuations for

  • Tata Sponge Q3 net profit at Rs 6.99cr

    23rd January, 2009 09:13

    Tata Sponge has declared its third quarter results. The company's net sales were at Rs 133.6 crore versus Rs 106.4 crore.

  • Royal Orchid Q3 cons net profit at Rs 5.2 cr

    23rd January, 2009 09:11

    Royal Orchid has announced its third quarter results. The company's consolidated net sales were at Rs 35.7 crore versus Rs 33.7 crore. Its consolidated net profit

  • Navneet Pub Q3 net profit at Rs 3.19cr

    23rd January, 2009 09:09

    Navneet Publications has declared its third quarter results. The company's net sales were at Rs 68.2 crore versus Rs 59 crore.

  • Expect moderate decline today: Mohoni

    23rd January, 2009 09:04

    European markets declined last night, and the US markets followed suit. Asian markets are also down this morning - but not heavily. The global short-term trend is

  • Rupee opens at Rs 49.30 per dollar

    23rd January, 2009 09:00

    The Indian Rupee opened at Rs 49.30 per dollar versus Rs 49.14 yesterday.

  • J Kumar Infra Dec qtr net profit at Rs 7.12cr

    23rd January, 2009 09:00

    J Kumar Infraprojects has declared its December quarter results. The company's net sales were up Rs 85.7 crore versus Rs 71.7 crore, QoQ. It net profit was up at R

  • Markets may remain volatile: Gujral

    23rd January, 2009 08:59

    Market may have flat opening and may remain volatile and ranged bound for the day. Market is not moving in either direction on net basis. Support are at 2630-2680

  • Crude declines on bigger than forecast inventories 

    23rd January, 2009 08:55

    NYMEX March crude declined on bigger than forecast inventories. Weak corporate earnings and poor economic data are also putting pressure on crude prices. Crude oil

  • Mkts expected to be volatile on mixed cues: Jitendra Panda

    23rd January, 2009 08:48

    Markets are expected to be volatile on mixed cues with better than expected RIL results and weak global action, Jitendra Panda said.

  • Expects +ve news at the end of earnings season: Jay Moghe 

    23rd January, 2009 08:42

    Jay Moghe, Managing Partner at Asian Alternative Consulting said, "I think overall we are bumping along at the bottom and there is no positive impetus as such. But

  • Ramalinga Raju's salary is lowest among peers!

    23rd January, 2009 08:36

    Mr Ramalinga Raju’s total remuneration as the Chairman of Satyam Computer Services Ltd was lower than that of the chief executives and chairmen of the other top fo

  • iGate eyes taking over parts of Satyam

    23rd January, 2009 08:32

    iGATE Inc is in the fray to take over parts of the beleaguered Satyam Computer Services. Speaking to Business Line, Mr Phaneesh Murthy, CEO, iGATE, said, “Employee

  • Support for the Sensex at 7850: Gaba

    23rd January, 2009 08:30

    The target for the Sensex is 7850 and the resistance to the up move is at 8940-9075.

  • Nifty likely to witness range of 2775-2640: Bhambwani

    23rd January, 2009 08:24

    The coming session is likely to witness a range of 2775 on advances and 2640 on declines. The bullish pivot will be the 2725 above which the bulls may push the mar

  • F&O cues: Marketwide rollover at 22%

    23rd January, 2009 08:20

    F&O cues: Marketwide rollover at 22%, Nifty rollover at 29%. Total Fut up Rs 702 cr in Open Int, total Options add Rs 1,063 cr in Open Int.

  • Market cues: FIIs net sell $189 mn

    23rd January, 2009 08:17

    Market cues: FIIs net sell USD189 million and MFs net sell Rs 254 crore in equity on January 21.

  • US mkts dip on poor corporate earnings, economic data

    23rd January, 2009 08:13

    US markets ended down on the back of disappointing corporate results from Microsoft, Nokia etc and dismal economic data. Dow Jones ended down 1.3% or 105 points at

  • Wall Street declines; Dow ends 105 pts down

    23rd January, 2009 08:05

    US markets retreated as Microsoft layoffs and bank worries overshadowed hope for economic stimulus. Microsoft was down 12% as it missed earnings target and said it

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