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  • NAVs close mixed; all sectoral funds decline

    23rd June, 2009 22:00

    Equity diversified NAVs closed mixed with advance:decline ratio of 112:116. The benchmark indices ended the session on a flat note after seeing sharp recovery in t

  • Settlement to benefit both RNRL, RIL: SP Tulsian 

    23rd June, 2009 21:14

    SP Tulsian said, "We have been seeing the kind of pressure coming in from the govt & even from the court saying go to your mother (Kokilaben Ambani) or opt for set

  • Mkts clawback; ICICI Bk, HDFC Bk end 4% down

    23rd June, 2009 20:30

    The markets posted a spectacular pullback after starting the day deep in the red. Both benchmark indices closed flat for the day. The Sensex closed at 14,324, down

  • ADAG, AT&T eye equity deal in R-Comm: Sources 

    23rd June, 2009 20:09

    Anil Dhirubhai Ambani Group and AT&T may explore talks for a tie-up, reports CNBC-TV18, quoting sources. Both companies may look at an equity deal in Reliance Comm

  • Another fiscal stimulus package unlikely: KRChoksey

    23rd June, 2009 19:25

    KRChoksey expects government to remain committed in its inclusive growth agenda and “aam aadmi”. Given the revenue constraint faced by the government and already l

  • US markets open higher; Dow up 5 points

    23rd June, 2009 19:10

    At 19.03 hrs (IST)- The US markets opened higher. The Dow Jones Industrial Average was up 5.51 points, or 0.07%, to 8,344.52. The Nasdaq was up 7.32 points, or 0.4

  • 220cc Bajaj Pulsar launched today, unveils sales targets 

    23rd June, 2009 18:35

    Bajaj unveiled its new 220cc Pulsar today. The company is hopeful of boosting its overall sales and also has huge expectations from its Pulsar portfolio. However,

  • New team in place for Mahindra Satyam: An analysis 

    23rd June, 2009 18:26

    There are a lot of good changes with Satyam. It has not just got a brand new name, Mahindra Satyam, but a brand new team as well. CP Gurnani has taken over as the

  • Worried about manufacturing sector: Arun Shourie 

    23rd June, 2009 17:55

    Speaking on the present state of the economy, Arun Shourie, said, "The difficulties are location-specific, sector-specific, and firm-specific." He is of the opinio

  • Mirae Asset launches Short Term Bond Fund

    23rd June, 2009 17:36

    Mirae Asset Mutual Fund has launched Mirae Asset Short Term Bond Fund, an open-ended debt scheme aims to generate returns through an actively managed diversified p

  • Rupee ends higher

    23rd June, 2009 17:07

    The Indian spot rupee ended higher at Rs 48.56 per USD as against its previous close of Rs 48.60.

  • IFCI adds 1 crore shares in open interest 

    23rd June, 2009 17:00

    The short covering was seen in the market in the latter part of the day. IFCI was up nearly Rs 1.50 – the good point was that the stock added nearly 1 crore shares

  • Buy Tata Tea, target of Rs 859: KRChoksey

    23rd June, 2009 16:59

    KRChoksey has maintained its buy rating on Tata Tea, with price target of Rs 859. At the CMP, the stock is trading at 5.1x FY10E earnings of Rs 143.8.

  • Buy GIPCL, target of Rs 130: IIFL

    23rd June, 2009 16:56

    IIFL has maintained its buy rating on Gujarat Industries Power Co. (GIPCL), with 12-month price target of Rs 130. GIPCL’s proposed 250MW expansion has been delayed

  • Buy Opto Circuits, target of Rs 243: Karvy

    23rd June, 2009 16:54

    Karvy Stock Broking has maintained its buy rating on Opto Circuits, with price target of Rs 243. The research firm maintain its consolidated net sales and net prof

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