Moneycontrol News Archive

FICCI calls for simpler taxes, single-digit interest rates 

29th May, 2009 22:21

Harsh Mariwala, Vice President, FICCI, wants Fringe Benefit Tax removed and wants direct taxes rationalised and made simpler. Harsh Pati Singhania, President, FICC

See GDP growth at 6.3% in FY10: Nomura 

29th May, 2009 21:18

Sonal Varma, India Economist, Nomura, sees the Indian economy growing at 6.3% in FY10. "We were earlier at 5.3%. We are now confident that a domestic demand-led re

Is Salman Khursheed right minister for Corporate Affairs? 

29th May, 2009 21:00

Congress politician Salman Khursheed, elected to the Lok Sabha from Farukhabad, took independent charge of the Ministry of Corporate Affairs today. Khursheed may j

No headway in Subhiksha's corporate debt restructuring 

29th May, 2009 19:39

Even though much has been speculated on retail giant Subhiksha's revival plans, credible proposal for the corporate debt restructuring (CDR) process is yet come on

NSE to suspend trading in Jaypee Hotels, MALCO

29th May, 2009 18:53

The NSE (National Stock Exchange) will suspend the Jaypee Hotels from trading w.e.f. June 5, 2009 (i.e. closing hours of trading on June 4, 2009) and the Madras Al

Jaypee Group targets over 15% guidance in FY10 

29th May, 2009 18:45

Rita V Dixit, Director of Jaypee Group, said the success of Jaypee Greens Aman lies in giving the right product at the right price while retaining the quality leve

MFs net buy Rs 104 cr in equities on May 28

29th May, 2009 18:33

On May 28, 2009, mutual funds (MFs) were net buyers to the tune of Rs 104.70 crore in equities. They made gross purchase of Rs 1662.80 crore and gross sales of Rs

Instanex FII Index up 1.92%

29th May, 2009 18:16

At close, the Instanex FII Index was up 1.92% at 312.23 (+2.38% at 3 pm) and the Instanex DII 15 portfolio was up 2.15% (+2.66% at 3 pm). Nifty was up 2.58% (+3.1

GMR Int'l buys Intergen's stake in Singapore Island Power 

29th May, 2009 17:41

Ranjith Murugason of GMR International said they purchased the project simply because they believe in the value of the project and the long-term prospects of provi

Rupee, bonds end higher

29th May, 2009 17:36

The Indian rupee ended at one-week high as more-than-expected rise in Jan-Mar GDP growth boosted shares and spurred FII inflows. The Indian rupee ended higher at R

Expect 5-10% upside in IVRCL Infra: Bose 

29th May, 2009 17:05

Technical Analyst, Rajat K Bose is of the view that one can expect atleast 5-10% upside in IVRCL Infrastructure and Projects.

Crude has resistance at $69-75/bbl 

29th May, 2009 17:00

Crude price gained 7% for this week. It traded above USD 60 per barrel for most of this week and previous week. The immediate range that may be seen for the comin

Panacea Biotech sees turnaround with 16% growth in sales 

29th May, 2009 16:52

Rajesh Jain, Joint MD, Panacea Biotec, said the company has clocked excellent sales in Q4. "The company has seen a complete turnaround with 16% growth in revenues

Selan Exploration has target of Rs 236-244: Bose 

29th May, 2009 16:48

Technical Analyst, Rajat K Bose is of the view that Selan Exploration Technology has short term target of Rs 236-244.

Reduce Indraprastha Gas; target of Rs 122: Angel Broking

29th May, 2009 16:42

Angel Broking has recommended a reduce rating on Indraprastha Gas with a price target of Rs 122. For 4QFY2009, IGL reported 21.8% yoy jump in operating income to R