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Restructuring debt of Rs 1700cr: Maytas Infra

5th May, 2009 21:00

Maytas Infrastructure, which is currently run by a government-appointed four-member board, says it has orders worth Rs 8,500 crore in hand. The cash-strapped compa
May release films at single screens from June: Mukesh Bhatt

5th May, 2009 20:33

There is no end in sight to the current standoff between owners of multiplex chains and the film producers. Mukesh Bhatt, Chairman of the United Producers and Dist
Mkts end flat but interest alive

5th May, 2009 20:12

It was a day of consolidation for the stock market today. The Nifty finally ended flat at around 3,660. I wouldn�t read too much into today�s sideways movement at
MFs net buy Rs 378.8 cr in equities on May 4

5th May, 2009 19:58

On May 04, Mutual Funds (MFs) were net buyers to the tune of Rs 378.8 crore in equities.
FIIs net buy Rs 1,491.20 cr in equities on May 4

5th May, 2009 19:28

On May 04, foreign institutional investors (FIIs) were net buyers to the tune of Rs 1,491.20 crore. They made gross purchase of Rs 3,852.80 crore and gross sales o
Jubilant enters research collaboration with AstraZeneca

5th May, 2009 19:14

Jubilant Organosys Ltd announced that its Bangalore, India, based subsidiary, Jubilant Biosys Ltd, has signed a research collaboration agreement with, AstraZeneca,
Expect annual revenue growth of 10% to 15%: Genpact

5th May, 2009 18:52

Genpact has announced its first quarter results. Revenues were $265.8 million, up 13% from $234.6 million in the first quarter of 2008.
BMC for new housing tax; tenants may feel pinch

5th May, 2009 18:09

If you are a tenant then your life does get a little bit tougher. It might mean a hike in rent. This is not a new tax being levied by the BMC (Brihanmumbai Municip
Rupee has support at 48.9-49/$: Commtrendz

5th May, 2009 17:37

According to Commtrendz Research's report on Indian Rupee, Immediate supports are at 48.9-49 followed by 48.50-48.60. Immediate resistance falls around 49.8-49.9 f
Markets end on a flat note: Sharekhan

5th May, 2009 17:26

According to Sharekhan's report, the day's low was 11986, down 149 points from its previous close. In afternoon, the Sensex moved into positive territory but lack
Instanex FII Index down 0.77%

5th May, 2009 17:18

At close, the Instanex FII Index was down 0.77% at 267.39 (-0.64% at 3 pm) and the Instanex DII 15 portfolio was down 0.14% (+0.03% at 3 pm). Nifty was up 0.22% (+
Targeting sales of 536000 sq ft for next year: Orbit Corp

5th May, 2009 17:08

Orbit Corporation recorded a profit after tax (PAT) on Rs 36 crore for the fourth quarter ended March 31, 2009.
Hold longs with Nifty target of 3720: Rahul Mohindar

5th May, 2009 16:49

�The backdrop of the Nifty still looks bullish,� Rahul Mohindar of viratechindia.com said, adding. �We probably are going to first see levels like 3,720 before we
Current order book at Rs 750 cr: Alok Industries

5th May, 2009 16:31

Alok Industries has announced its fourth quarter results. Its standalone net sales were up at Rs 908.39 crore versus Rs 724.79 crore.
Regulator to issue new norms for insurance companies

5th May, 2009 16:23

Unlisted or listed, insurance companies now need to get ready for more disclosures and governance and be in line with the norms listed companies follow. Insurance

Debt restructuring saves on-the-brink Maytas Infra

5th May, 2009 20:44

Maytas Infra, which is currently run by a government-appointed four-member board, seems to have been pulled back from the brink.
See major global cos opposing Obama's call: NASSCOM

5th May, 2009 20:32

US President Barack Obama wants to plug the tax benefit for American companies that do not create jobs for Americans. Pramod Bhasin, Chairman of NASSCOM, said Obam
Retailers rejoice over Rs 8000cr service tax relief

5th May, 2009 20:11

It's an Rs 8,000-crore bonanza, and its timing is spot on. With service tax on rented immovable property being set aside, the retail sector may be up for a much-ne
US mkts trade flat; Nasdaq down 11.6 pts

5th May, 2009 19:30

At 19:29 hours IST - the US markets were trading flat. The Dow Jones Industrial Average was trading at 8,434.15, up 7.41 points or 0.09%. However, the Nasdaq Compo
Markets end flat: Nirmal Bang

5th May, 2009 19:27

According to Nirmal Bang's report, the markets ended flat after a volatile session. Even though the benchmark indices ended flat the undertone of the market remain
Satyam allots shares to Venturbay

5th May, 2009 19:09

Satyam Computer Services Ltd announced today that Venturbay Consultants Private Limited, a subsidiary controlled by Tech Mahindra Limited had been allotted 30,27,6
Launched new product 3G video chat in Q4: Tanla Solutions

5th May, 2009 18:48

Tanla Solutions added 5 new customers in TV space in India mainly from Andhra Pradesh regional channels. It launched new product called 3G video chat comprising vo
Rupee, bonds end higher

5th May, 2009 17:40

The spot rupee closed higher at Rs 49.28 per USD as against its previous close of Rs 49.90.
Skindia GDR Index up 6.9% to 1632.65

5th May, 2009 17:32

The Skindia GDR Index was up 6.9% to 1632.65 at 3:30 pm IST over the previous day�s 3:30 pm IST Index. The Top GDR gainers were: ICICI Bank (14.16%), L&T (12.22%)
Accumulate Transformers and Rectifiers: India Capital Mkts

5th May, 2009 17:21

India Capital Markets has recommended an accumulate rating on Transformers and Rectifiers India. The company registered a growth of 22.7% in revenues during Q4FY09
Suzlon adds 69 lakh shares in open interest

5th May, 2009 17:13

Suzlon added 69 lakh shares in open interest and the stock surged more than 10% in the spot market. Tata Steel added about 18 lakh shares in open interest. ICICI B
Reduce DLF, target of Rs 200: Emkay

5th May, 2009 16:58

Emkay Global Financial Services has maintained its reduce rating on DLF with a price target of Rs 200. DLF's net profit for the quarter declined by 92% to Rs 1.6 b
Sugar prices may touch Rs 25/kg: MF Global Commodities

5th May, 2009 16:32

Rajini Panicker, Head of Commodities, MF Global Commodities says," We are expecting sugar to touch Rs 24.50 per kg or closer to Rs 25 per kg. The reason for this h
Buy Corporation Bank, target of Rs 288: Sharekhan

5th May, 2009 16:30

Sharekhan has maintained its buy rating on Corporation Bank with a price target of Rs 288. For Q4FY2009, Corporation Bank logged a net profit of Rs 260.5 crore, up
Enter in HDFC on 5-10% dip: Mohindar

5th May, 2009 16:22

Rahul Mohindar of Viratechindia is of the view that one can enter in HDFC on 5-10% declines.

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