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Moneycontrol News Archive : 5 May, 2009

  • 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

  • Hold Bank of India, target of Rs 281: Sharekhan

    5th May, 2009 16:21

    Sharekhan has maintained its hold rating on Bank of India with a price target of Rs 281. The bank reported a net profit of Rs 810.4 crore for Q4FY2009, indicating

  • Buy Jindal Saw, target of Rs 312: Sharekhan

    5th May, 2009 16:11

    Sharekhan has maintained its buy rating on Jindal Saw with a price target of Rs 312. Jindal Saw’s revenues grew by a brilliant 53.7% year on year (yoy) to Rs 1,463

  • Cognizant Q1 net profit at USD 113.1 mn

    5th May, 2009 15:58

    Cognizant has declared its first quarter results. Its revenues were at USD 745.9 million versus guidance of USD 735 million. Its net profit was at USD 113.1 millio

  • JSW Steel can add another 10%: Mohindar 

    5th May, 2009 15:44

    Rahul Mohindar of Viratechindia is of the view that JSW Steel can add another 10%.

  • See demand for Swine Flu drug at $2m/month: Strides Arcolab 

    5th May, 2009 15:32

    Strides Arcolab have commenced production and the commercial supplies of capsules for swine flu. The company aims at producing over 2 million doses per month of sw

  • XL Telecom sales down by 74%; co blames slowdown in Europe 

    5th May, 2009 15:20

    XL Telecom net sales went down by 74.27% to Rs 44.3 crore versus Rs 172.29 crore. K Vasudeva Rao, ED, said," The losses are due to two reasons—we supply solar modu

  • Shree Cement April sales up 28% to 7.88 lakh tonnes

    5th May, 2009 15:19

    Cement companies have announced their April cement sales numbers. ACC sold 1.8 million tonnes of cement in the month of April, which was 4% more as compared to 1.7

  • Crude oil may show down trend any time: Ajay Jain

    5th May, 2009 15:18

    According to Lt Col Ajay Jain, CEO, www.astromoneyguru.com, Crude oil is expected to show positive move at opening of the week but any time profit booking expected

  • Bhushan Steel shoots up smartly

    5th May, 2009 15:11

    Bhushan Steel touched an intraday high of Rs 471 and an intraday low of Rs 429. At 3:08 pm, the share was quoting at Rs 461.50, up Rs 33.65, or 7.86%. It was tradi

  • European markets trading firm

    5th May, 2009 15:07

    At 3:02 pm (IST), European markets were trading firm. CAC 40 was up 0.64% or 20.75 points at 3,258.72. DAX was flat at 4,904.71. FTSE 100 rose 2.92% or 123.87 poin

  • Asian markets end higher; Straits Times up 2.25%

    5th May, 2009 15:05

    Asian markets ended higher. China's Shanghai Composite rose 0.29% or 7.426 points at 2,567.337. Hong Kong's Hang Seng gained 0.30% or 49.03 points at 16,430.08. Si

  • Buy Educomp Solutions, target of Rs 2780: KRChoksey

    5th May, 2009 14:57

    KRChoksey has recommended a buy rating on Educomp Solutions with a target price of Rs 2780. Educomp reported net sales of Rs 183.9 crore, up 56% y-o-y & 27% q-o-q.

  • See Nifty at 4300 if poll results are favourable: Gujral 

    5th May, 2009 14:54

    Technical Analyst Ashwani Gujral sees significant resistance for the Nifty around 3,750 or 3,820. He feels the market could touch 4,300, if there is a favourable r

  • Instanex FII Index down 1.09%

    5th May, 2009 14:51

    At 2 pm, the Instanex FII Index is down 1.09% at 266.52 (-1.32% at 1 pm) and the Instanex DII 15 portfolio is down 0.23% (-0.38% at 1 pm). Sensex is down 0.37% (-0

  • 182 days rule: To be a resident Indian

    5th May, 2009 14:43

    What's the correlation between going abroad on employment and NRI status? Read on to know more...

  • Triveni Engineering firms up 20.4%

    5th May, 2009 14:41

    Triveni Engineering touched an intraday high of Rs 68 and an intraday low of Rs 55.05. At 2:35 pm, the share was quoting at Rs 66.80, up Rs 11.35, or 20.47%. It wa

  • Buy United Spirits, target of Rs 792: Motilal Oswal

    5th May, 2009 14:33

    Motilal Oswal has maintained its buy rating on United Spirits with a target price of Rs 792. United Spirits’ 4QFY09 performance was better than expected, with PAT

  • Stocks that continue to engage FII interest 

    5th May, 2009 14:27

    Stocks with increased FII holding from December-March quarter continue to outperform in the upmove with FII money continuously flowing in. FIIs bought a lot in the

  • Buy IDFC, says Sukhani 

    5th May, 2009 14:19

    Technical Analyst, Sudarshan Sukhani is of the view that one can buy IDFC for an investment purpose.

  • Multiplex owners, film distributors feud may end soon 

    5th May, 2009 14:14

    The long standing feud between multiplex owners and film distributors might finally come to an end. Earlier, CRISIL had put credit profiles of the leading multiple

  • Reliance Capital gains 6.6%

    5th May, 2009 14:08

    Reliance Capital touched an intraday high of Rs 605.80 and an intraday low of Rs 562. At 2:06 pm, the share was quoting at Rs 603, up Rs 37.70, or 6.67%. It was tr

  • Tata Steel adds 18 lakh shares in open interest 

    5th May, 2009 14:02

    Tata Steel was up nearly Rs 15 in the spot market with a buildup of nearly 18 lakh shares in open interest.

  • Karnataka Bank minting money

    5th May, 2009 13:59

    Karnataka Bank touched an intraday high of Rs 93.55 and an intraday low of Rs 84.85. At 13:56 pm the share was quoting at Rs 89.50, up Rs 3.75, or 4.37%. It was tr

  • Zee Entertainment puts on a poor show

    5th May, 2009 13:56

    Zee Entertainment Enterprises touched an intraday high of Rs 125 and an intraday low of Rs 116.65. At 1:59 pm, the share was quoting at Rs 118.20, down Rs 4.15, or

  • Ignore Gati, says A Chugh 

    5th May, 2009 13:50

    Ashish Chugh, Investment Analyst and Author of Hidden Gems is of the view that one can ignore Gati. It achieved revenues of about Rs 151 crore for this quarter, wh

  • Trim positions significantly at these levels: Julius Baer 

    5th May, 2009 13:35

    Owing to the return of foreign institutional investors (FII) into the Indian market, stocks have surged. V Anantha Nageswaran, Chief Investment Officer, Bank Juliu

  • Jindal Saw maintains its march ahead

    5th May, 2009 13:29

    Jindal Saw touched an intraday high of Rs 246.50 and an intraday low of Rs 227.55. At 1:27 pm, the share was quoting at Rs 238.55, up Rs 10.65, or 4.67%. It was tr

  • Instanex FII Index down 1.32%

    5th May, 2009 13:26

    At 1 pm, the Instanex FII Index is down 1.32% at 265.91 (-1.57% at 12 noon) and the Instanex DII 15 portfolio is down 0.38% (-0.65% at 12 noon). Sensex is down 0.6

  • JSW Steel moves up smartly

    5th May, 2009 13:18

    JSW Steel touched an intraday high of Rs 396.25 and an intraday low of Rs 363. At 1:15 pm, the share was quoting at Rs 392.30, up Rs 30.55, or 8.45%. It was tradin

  • Accumulate Nestle India, target of Rs 1831: Angel Broking

    5th May, 2009 13:09

    Angel Broking has recommended an accumulate rating on Nestle India with a target price of Rs 1831. During CY2008-10E, the research firm expects Nestle to report a

  • Accumulate Bharti Airtel, target of Rs 800: Angel Broking

    5th May, 2009 12:58

    Angel Broking has downgraded its rating on Bharti Airtel to accumulate from buy with a target price of Rs 800. Bharti Airtel recorded a strong 25.6% yoy growth in

  • Orderbook as on Apr 30 at Rs 8,500cr: Maytas Infra

    5th May, 2009 12:55

    Satyam-tainted Maytas Infra said its order book stood at Rs 8,500 crore as on April 20 and its customer dues amounted to Rs 500 crore. It added that certain projec

  • Current bond rally may last only till May 8 

    5th May, 2009 12:54

    There is a lot of cash on the bond market at present. Typically, people buy or meet their cash reserve requirements ahead of a long weekend, so a lot of banks have

  • Block deal in Ambuja Cements; stk down

    5th May, 2009 12:45

    Ambuja Cements touched an intraday high of Rs 83 and an intraday low of Rs 80.10. At 12:42 pm, the share was quoting at Rs 80.50, down Rs 1.5, or 1.83%. There was

  • IOB slips from higher level

    5th May, 2009 12:43

    IOB touched an intraday high of Rs 69.95 and an intraday low of Rs 64.45. At 12:40 pm, the share was quoting at Rs 64.65, down Rs 3.35, or 4.93%. It was trading wi

  • Ranbaxy top gainer on the Sensex

    5th May, 2009 12:33

    At 12:31 pm, Ranbaxy Laboratories was the top gainer on the Sensex. It touched an intraday high of Rs 179.90 and an intraday low of Rs 174.10. The share was quotin

  • Instanex FII Index down 1.57%

    5th May, 2009 12:29

    At 12 noon, the Instanex FII Index is down 1.57% at 264.55 (-0.58% at 11 am) and the Instanex DII 15 portfolio is down 0.65% (+0.41% at 11 am). Sensex is down 0.98

  • Tata Motors continues to rise

    5th May, 2009 12:14

    Tata Motors has continued to rise. It touched an intraday high of Rs 271.80 and an intraday low of Rs 254.20. At 12:11 pm, the share was quoting at Rs 268.05, up R

  • Accumulate KS Oils, target Rs 52: Angel Broking

    5th May, 2009 12:10

    Angel Broking has recommended an accumulate rating on KS Oils with target price of Rs 52. At the CMP, the stock is trading at 6.2x FY2010E and 5.2x FY2011E Earning

  • Accumulate Bank Of India, target of Rs 269: Angel

    5th May, 2009 12:00

    Angel Broking has maintained its accumulate rating on Bank Of India (BOI) with a target price of Rs 269. Bank of India (BOI) continued to grow at an above-the-indu

  • Hold IDFC, says Mohoni 

    5th May, 2009 11:49

    Technical Analyst, Deepak Mohoni is of the view that one can hold IDFC at this level and if one wants to buy afresh then should wait for a market correction.

  • Investors should stay off markets: Brics Sec 

    5th May, 2009 11:47

    Anand Tandon, Director-Equities, Brics Securities, feels the margin of safety is now significantly lower. He advises investors not to venture into markets. He sees

  • Sell DLF, target of Rs 151: Karvy Stock Broking

    5th May, 2009 11:46

    Karvy Stock Broking has recommended a sell rating on DLF with a target price of Rs 151. The research firm expects DLF's sales to decline by 56% in FY10e. The EBITD

  • Infosys trips on selling pressure

    5th May, 2009 11:43

    Infosys Technologies has moved down today. It touched an intraday high of Rs 1,625 and an intraday low of Rs 1,571.35. At 11:45 am, the share was quoting at Rs 1,5

  • Hold Unitech, says Mohoni 

    5th May, 2009 11:35

    Technical Analyst, Deepak Mohoni is of the view that one should hold Unitech but one may look for a slightly safer stock once there is a market correction perhaps

  • Hold Allahabad Bank, says Mohoni 

    5th May, 2009 11:32

    Technical Analyst, Deepak Mohoni is of the view that one can hold Allahabad Bank.

  • Maruti Suzuki to raise capacity by 2 lakh units; stk up

    5th May, 2009 11:27

    Maruti Suzuki touched an intraday high of Rs 859 and an intraday low of Rs 840. At 11:23 am, the share was quoting at Rs 854.95, up Rs 16, or 1.91%. The company is

  • Concerned with Obama's Bangalore to Buffalo call: NASSCOM 

    5th May, 2009 11:24

    US President Barack Obama has targeted outsourcing once again in his attempt to bring back the ailing US economy on track. Meeting one of his major election promis

  • Instanex FII Index down 0.58%

    5th May, 2009 11:19

    At 11 am, the Instanex DII 15 portfolio is up 0.41% (-0.27% at 10 am) and the Instanex FII Index is down 0.58% at 267.92 (-0.85% at 10 am). Nifty is up 0.25% (-0.5

  • Su-raj Diamonds Q4 net profit down at Rs 6.35 cr

    5th May, 2009 11:12

    Su-raj Diamonds and Jewellery has declared its fourth quarter results. Its net sales were at Rs 719.4 crore versus Rs 743.8 crore. Its net profit was at Rs 6.35 cr

  • Malu Paper Q3 net loss at Rs 2.9 cr

    5th May, 2009 11:07

    Malu Paper Mills has announced its third quarter results. Its net sales were at Rs 35.8 crore versus Rs 38.3 crore on QoQ basis. Its net loss was of Rs 2.9 crore v

  • Pioneer Embroiders Q2 net loss at Rs 6 cr

    5th May, 2009 11:04

    Pioneer Embroiders has declared its second quarter results. Its net sales were at Rs 29.4 crore versus Rs 29 crore on QoQ basis. Its net loss was of Rs 6 crore ver

  • Accumulate Reliance Communications on dips: P Lilladher

    5th May, 2009 11:00

    Prabhudas Lilladher has recommended investors to accumulate Reliance Communications on dips. Reliance Communications’ (RCom’s) results were in-line, with revenues

  • Indian criminal justice system is in a mess: Harish Salve 

    5th May, 2009 10:54

    Supreme Court (SC) rejected Nimesh Kampani’s anticipatory bail plea in the Nagarjuna Finance case. Commenting on the situation, Harish Salve, Senior Supreme Court

  • Instanex FII Index down 0.85%

    5th May, 2009 10:42

    At 10 am, the Instanex FII Index is down 0.85% at 267.19 and the Instanex DII 15 portfolio is down 0.27%. Nifty is down 0.51% and Sensex is down 0.49%.

  • Mkts volatile; oil & gas, technology, FMCG decline

    5th May, 2009 10:37

    At 10:33 hours IST, the benchmark indices were witnessing some consolidation, after Monday's strong rally. Shares of oil & gas, technology, FMCG companies and stoc

  • Mahindra and Mahindra slips on profit booking

    5th May, 2009 10:28

    Mahindra and Mahindra has slipped today. It touched an intraday high of Rs 549 and an intraday low of Rs 511. At 10:24 am, the share was quoting at Rs 530.30, down

  • DLF among major gainers

    5th May, 2009 10:26

    At 10:21 am, DLF was among the major gainers on the Sensex. It touched an intraday high of Rs 247 and an intraday low of Rs 231. The share was quoting at Rs 244.25

  • Eveready Industries surges 8.5%

    5th May, 2009 10:15

    Eveready Industries touched an intraday high of Rs 27.50 and an intraday low of Rs 25.50. At 10:11 am, the share was quoting at Rs 26.70, up Rs 2.10, or 8.54%. It

  • Mkts to rally 0-5% before election results: CNBC-TV18 poll 

    5th May, 2009 10:13

    According to CNBC-TV18's poll, 64% of respondents see an upside of 0-5% ahead of the election results, while 27% of respondents see an upside of 5-10% ahead of ele

  • Solid gains in Tata Steel

    5th May, 2009 10:07

    Tata Steel touched an intraday high of Rs 278.50 and an intraday low of Rs 264.50. At 10:08 am, the share was quoting at Rs 276.20, up Rs 13, or 4.94% on the NSE.

  • Mkts choppy; RIL, ONGC, Infy, Bharti, HDFC, ITC dip

    5th May, 2009 09:59

    The markets opened marginally on a positive note but immediately turned choppy, after yesterday's strong rally. Among the frontliners, TCS, M&M, Hero Honda, ITC, H

  • Sterlite Ind has target of Rs 540: M Thacker 

    5th May, 2009 09:54

    Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that Sterlite Industries has target of Rs 540, so Rs 545-550 would be good level if somebody is

  • See Nifty upside at 3,820: Mitesh Thacker 

    5th May, 2009 09:51

    Mitesh Thacker, Technical Analyst, miteshthacker.com, said the Nifty has crossed 3,500 with a gap up opening which signals very strong momentum on the upside. "We

  • NIIT has target of Rs 35: M Thacker 

    5th May, 2009 09:48

    Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that NIIT has next target of Rs 35.

  • See enormous positive sentiment in mkt: Tata MF 

    5th May, 2009 09:45

    Ved Prakash Chaturvedi, Managing Director, Tata Mutual Fund, said there is a lot of momentum in the market and the delta is changing from negative to positive. He

  • Buy Jeera May around Rs 12100-12000: Bonanza

    5th May, 2009 09:41

    Bonanza has recommended to buy Jeera May at around Rs 12100-12000 with stoploss below Rs 11810 and target of Rs 12300-12460-12600.

  • Rupee may range between 49.50-50: IndusInd Bank

    5th May, 2009 09:33

    According to Mr. J. Moses Harding, Head Global Markets Group, IndusInd Bank, rupee will continue to stay with good two-way moves within 49.50-50.00 and any move in

  • Film producers, multiplex owners' credit profiles at risk 

    5th May, 2009 09:28

    The stand-off between film producers and multiplex operators has put their credit profiles at risk. With films not hitting the multiplex for a month now, business

  • Nifty 4000 Call adds 8.6 lakh shares in Open Interest 

    5th May, 2009 09:24

    Nifty Open Interest PCR (put-call ratio) increased to 1.11 from 1.10. Nifty 3600 Put added 13.5 lakh shares in Open Interest and Nifty 4000 Call added 8.6 lakh sha

  • Nifty may trade between 3580-3720: Karvy

    5th May, 2009 09:19

    According to Karvy Stock Broking's Technical Analysis report, the Nifty may trade between 3580-3720 levels for the day.

  • Rally not done yet: Udayan Mukherjee 

    5th May, 2009 09:15

    Yesterday, the markets posted its biggest rally in the last seven months. Investors sitting on the sidelines now have no recourse but to get into the market, which

  • Nifty could face resistance at 4000: Louise Yamada 

    5th May, 2009 09:15

    The Nifty could rally to 3,800 and then face resistance at 4,000. Louise Yamada expects profit booking at those levels and advise keeping trailing stoploss.

  • Nusli Wadia moves Bombay HC against I-T Dept notice 

    5th May, 2009 09:11

    In recent weeks, the Income Tax Department has witnessed a slew of litigation against it by India Inc. All in response to the notices sent to them by the taxman. N

  • Expect small correction: Mohoni

    5th May, 2009 09:05

    European indices also made large moves last night, as did the US indices. Asian markets are mixed this morning with the Nikkei up and the Hang Seng down marginally

  • 10-year yield seen between 6.35-6.45%: HDFC Bank

    5th May, 2009 08:58

    Ashish Vaidya, HDFC Bank, expects some selloff from these levels. The markets are adjusting to the changing global environment where there is a marginal rise in ra

  • Rupee likely to be firm: Greenback Forex Services

    5th May, 2009 08:54

    According to Subramaniam Sharma, Greenback Forex Services, the rupee is likely to be firm on the global market rally. Some buying could emerge at Rs 49.80 per doll

  • Election will be key trigger to watch: Keshav Sanghi 

    5th May, 2009 08:38

    Election will be a key trigger to watch and in the near-term may provide a reason for intermediate correction, Keshav Sanghi said.

  • Stocks in news: RIL, RPL, ACC, Sobha, Bharti, SAIL, Pfizer

    5th May, 2009 08:32

    Sobha Developers, RIL, RPL, Tata Motors, ACC, Jaiprakash Associates, Maruti, Bharti, TCS, Pfizer, Matrix Labs, Gremach Infra, Tata Steel and SAIL are stocks, which

  • Maruti bets on Ritz to drive domestic sales

    5th May, 2009 08:26

    Maruti Suzuki expects its upcoming model Ritz, based on the Swift platform, to sell about 9,000 units a month. The company’s confidence to sell high volumes of thi

  • Tech Mahindra defers appointing campus recruits

    5th May, 2009 08:22

    Over 3,000 campus recruits of Tech Mahindra who passed out last year will have to wait for at least the next six months to come on board as the global recession ha

  • Sensex has resistance at 12569-12857: Gaba

    5th May, 2009 08:21

    The support for the Sensex is 11640 and the resistance to the up move is at 12569-12857. The support for the Nifty is at 3500 and the resistance to the up move is

  • Car cos push for loans on vehicles for commercial use

    5th May, 2009 08:18

    The reluctance among private sector banks to finance vehicles for commercial purposes has compelled auto companies to turn to their private financing arm or ink se

  • Nano gets over 2 lakh bookings

    5th May, 2009 08:16

    The Tata Nano has drawn 2.03 lakh bookings valued at nearly Rs 2,500 crore, according to a Tata Motors release issued here on Monday.

  • Spot rubber declines on buyer resistance

    5th May, 2009 08:13

    Spot rubber declined further on Monday. Sheet rubber closed weak at Rs 100.50 against Rs 102.25 a kg on the previous weekend. There were no fresh quotes from the t

  • US KBW Bank Index surges 15%

    5th May, 2009 08:04

    The US markets ended at day's high on better-than-expected economic data. Base metals and crude continued to gain. US KBW Bank Index surged 15% and was up 88% sinc

  • XL Telecom & Energy Q3 net loss at Rs 10.45 cr

    5th May, 2009 08:00

    XL Telecom and Energy has announced its third quarter numbers of FY09. It has reported net loss of Rs 10.45 crore as against net profit of Rs 14.14 crore, YoY.

  • Asian markets trading firm; Straits Times up 2%

    5th May, 2009 07:54

    At 7:50 am (IST). Asian markets were trading firm. China's Shanghai Composite rose 0.53% or 13.52 points at 2,573.43. Hong Kong's Hang Seng gained 0.58% or 94.78 p

  • NAVs end strong as markets rally

    5th May, 2009 01:07

    Equity diversified NAVs ended strong with advance:decline ratio of 229:1. The benchmark indices saw the biggest single-day absolute gain since October 31, 2008. Th

  • 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.

  • Suzlon Energy has target of Rs 85-90: Mohindar 

    5th May, 2009 16:17

    Rahul Mohindar of Viratechindia is of the view that Suzlon Energy has target of Rs 85-90. It makes and excellent opportunity to trade in today’s market.

  • Hold HDFC: Sharekhan

    5th May, 2009 16:09

    Sharekhan has maintained its hold rating on Housing Development Finance Corporation. HDFC reported a bottom line of Rs 733.4 crore for Q4FY2009, indicating 20% yea

  • Dhawan overweight on banking space 

    5th May, 2009 15:51

    Sajiv Dhawan of JV Capital Services is overweight on banking space. It is one sector which is moving nicely and lot of people who have missed out on the rally in t

  • Mkts end flat amid choppy trade; midcaps outperform

    5th May, 2009 15:36

    It was a lacklustre day for the markets, after Monday's sharp rally. Both the equity benchmarks saw some consolidation today. The markets were volatile throughout

  • Hold Tata Steel, says Mohindar 

    5th May, 2009 15:27

    Rahul Mohindar of Viratechindia is of the view that one can hold Tata Steel. One shouldn’t just rush in and buy the stock. If you are tempted at these levels, do w

  • Instanex FII Index down 0.64%

    5th May, 2009 15:20

    At 3 pm, the Instanex FII Index is down 0.64% at 267.75 (-1.09% at 2 pm) and the Instanex DII 15 portfolio is up 0.03% (-0.23% at 2 pm). Nifty is up 0.37% (-0.13%

  • Buy Gujarat Gas, target of Rs 320: KRChoksey

    5th May, 2009 15:19

    KRChoksey has reiterated a buy rating on Gujarat Gas Company with a price target of Rs 320. Gujarat Gas reported net sales of Rs 306.4 crore were lower than the ex

  • Obama bailout: Say no to Bangalore, yes to Buffalo

    5th May, 2009 15:18

    'Say no to Bangalore and yes to Buffalo,' seems to be the latest mantra of US President Barack Obama as he struggles to bring the ailing American economy back on t

  • No plans to raise capital in next six months: IndusInd Bank 

    5th May, 2009 15:09

    Romesh Sobti, Managing Director, IndusInd Bank, said the bank showed healthy growth for the fourth quarter as well as for the full year. The bank, Sobti said, had

  • Plant load factor at 69% in FY09: GVK Power

    5th May, 2009 15:07

    The Plant Load Factor for power plants was 69% in FY09. The non-availability of gas leads to substantial drop in profits from power plant The turnover for Mumbai

  • HDIL gains further ground

    5th May, 2009 14:57

    HDIL touched an intraday high of Rs 174.70 and an intraday low of Rs 156.25. At 2:54 pm, the share was quoting at Rs 172.55, up Rs 15, or 9.52%. It was trading wit

  • Interest earned on RFC fixed deposit: taxable?

    5th May, 2009 14:54

    Who decides what's taxable? Tax incidence is decided by the Indian Income Tax Act and not FEMA, says expert Shanbhag.

  • Shree Renuka witnesses buying interest

    5th May, 2009 14:51

    Shree Renuka Sugars touched an intraday high of Rs 120 and an intraday low of Rs 107.30. At 2:48 pm, the share was quoting at Rs 116.95, up Rs 9.90, or 9.25%. It w

  • Reduce Ambuja Cements, target of Rs 76: KRChoksey

    5th May, 2009 14:44

    KRChoksey has recommended a reduce rating on Ambuja Cements with a target price of Rs 76. During the quarter, increase in Net Sales was a result of 5% increase in

  • Capex plan for FY10 at Rs 190 cr: Jain Irrigation

    5th May, 2009 14:42

    Jain Irrigation Systems has declared its forth quarter results. Its Q4 profit after tax (PAT) was at Rs 13.25 crore.

  • Mkts choppy; cap goods, realty, metal, pvt power up

    5th May, 2009 14:38

    At 14:32 hours IST - buying in shares of capital goods, metal, realty, private power companies, and ICICI Bank, Reliance Communication, ONGC, Tata Motors, Wipro an

  • Invest in DLF, HDIL: Sukhani 

    5th May, 2009 14:28

    Technical Analyst, Sudarshan Sukhani is of the view that one can invest in DLF, HDIL.

  • Buy Sterlite Industries on dips: Sukhani 

    5th May, 2009 14:24

    Technical Analyst, Sudarshan Sukhani is of the view that one can buy Sterlite Industries on dips.

  • Balrampur Chini Mills gains further ground

    5th May, 2009 14:16

    Balrampur Chini Mills touched an intraday high of Rs 80.55 and an intraday low of Rs 71.60. At 2:13 pm, the share was quoting at Rs 78.90, up Rs 5.80, or 7.93%. It

  • Mkt rally driven more by buying than short covering: BoA-ML 

    5th May, 2009 14:13

    Global markets as also our markets have seen fantastic rally. A Bank of America-Merrill Lynch (BoA-ML) report says these breakouts are global. According to BoA-ML

  • IndusInd Bank Q4 net profit up 249% at Rs 50.5 cr

    5th May, 2009 14:08

    IndusInd Bank has announced its fourth quarter numbers. Its net profit increased 249.62% to Rs 50.52 crore as against Rs 14.45 crore, YoY.

  • Birla Sun Life promoters to honour Wockhardt's debt 

    5th May, 2009 14:00

    CNBC-TV18 learns that the first tranche of Wockhardt debt papers held by Birla Sunlife AMC has not been honoured. The pharma giant is under the corporate debt rest

  • See mkt rally topping out this week: Elliot Wave 

    5th May, 2009 13:58

    Mark Galasiewski of Elliott Wave International sees the rally on the Sensex topping out this week. “At a minimum, we would be looking for a 38% retracement of that

  • Mkts ranged; DLF, ICICI Bk, BHEL, L&T, R-Comm surge

    5th May, 2009 13:54

    At 13:49 hours IST, the markets were ranged. The Nifty was trading between a high/low of 3680.25 and 3618.75, respectively. The Sensex was moving in a range of 12,

  • NIIT up on large volumes

    5th May, 2009 13:39

    NIIT was trading with volumes of 3,130,021 shares. It touched an intraday high of Rs 32.10 and an intraday low of Rs 29.80. At 1:36 pm, the share was quoting at Rs

  • Castrol declines 4%

    5th May, 2009 13:32

    Castrol touched an intraday high of Rs 346 and an intraday low of Rs 328.95. At 1:29 pm, the share was quoting at Rs 328.95, down Rs 14.35, or 4.18%. It was tradin

  • Buy Puravankara Projects, target of Rs 72: Motilal Oswal

    5th May, 2009 13:27

    Motilal Oswal has maintained its buy rating on Puravankara Projects with a target price of Rs 72. Puravankara Projects’ revenue declined 56% YoY to Rs 679 million

  • Is there tax on transfer of income to non-earning spouse?

    5th May, 2009 13:23

    You are mistaken, if you think you won't get taxed if you transfer income to your non-earning spouse.

  • Accumulate Aventis Pharma, target of Rs 1157: Angel Broking

    5th May, 2009 13:18

    Angel Broking has recommended an accumulate rating on Aventis Pharma with a price target of Rs 1157. For 1QCY2009, Aventis posted net sales of Rs 228.9 crore, a gr

  • Polaris' Q4 numbers good despite challenges: Dipan Mehta 

    5th May, 2009 12:59

    Dipan Mehta, Member, BSE and NSE, said one has to view Polaris' Q4 numbers in the context of valuations and expectations from midcap IT. According to him, despite

  • Mkts quiet; realty, cap goods up, technology weak

    5th May, 2009 12:57

    At 12:53 hours IST, the markets were witnessing some selling pressure but the volatility was not yet out. Downtrend continued in shares of oil & gas, technology, s

  • Deccan Chronicle plunges 4%

    5th May, 2009 12:55

    Deccan Chronicle Holdings touched an intraday high of Rs 64.40 and an intraday low of Rs 59.25. At 12:51 pm, the share was quoting at Rs 59.65, down Rs 2.55, or 4.

  • Bk Of Baroda may apply for Malaysia Bk license; stk dips

    5th May, 2009 12:48

    Bank of Baroda touched an intraday high of Rs 328 and an intraday low of Rs 315.75. At 12:44 pm, the share was quoting at Rs 315.75, down Rs 9, or 2.77%. The bank

  • Buy DLF, target of Rs 260: Motilal Oswal

    5th May, 2009 12:45

    Motilal Oswal has recommended a buy rating on DLF, with price target of Rs 260, in its report dated May 4, 2009. DLF’s 4QFY09 results fell short of expectations pr

  • Hold Tata Steel, says A Madan 

    5th May, 2009 12:39

    Ashu Madan, President Equity Broking of Religare is of the view that one should hold Tata Steel with medium to longer term perspective.

  • CRISIL CPR (Quarterly) Rankings of MF Schemes

    5th May, 2009 12:31

    CRISIL~Composite Performance Ranking - (CRISIL~CPR) is the relative performance ranking of mutual fund schemes within the peer group.

  • Buy Infosys Technologies on dips: Mohoni 

    5th May, 2009 12:20

    Technical Analyst, Deepak Mohoni is of the opinion that once one see the markets not making fresh highs for one week or so and stocks fall for a week or two that i

  • Buy CESC, target Rs 406: Angel Broking

    5th May, 2009 12:13

    Angel Broking has maintained its buy rating on CESC with a price target of Rs 406. He expects CESC to record a CAGR of 10.6% in top-line over FY2009-11, while bott

  • Buy Bharat Electronics, target Rs 1230: Hem Securities

    5th May, 2009 12:02

    Hem Securities has recommended a buy rating on Bharat Electronics with a price target of Rs 1230. The company has registered the decent growth of 20% in its toplin

  • Gremach Infra to issue 4.9cr warrants to promoters; stk up

    5th May, 2009 11:53

    Gremach Infra touched an intraday high of Rs 31 and an intraday low of Rs 29.05. At 11:49 am, the share was quoting at Rs 29.90, up Rs 0.25, or 0.84%. The company

  • Mkts lacklustre; RIL, Infy, HDFC, Bharti, ITC, Wipro slip

    5th May, 2009 11:49

    At 11:44 hours IST, the markets were trading with volatility. Shares of capital Goods, realty, and private power companies and stocks like ICICI Bank, Reliance Com

  • Suzlon Energy climbs 5%

    5th May, 2009 11:46

    Suzlon Energy touched an intraday high of Rs 70.35 and an intraday low of Rs 65.50. At 11:43 am, the share was quoting at Rs 69.30, up Rs 3.35, or 5.08%. It was tr

  • Accumulate Reliance Capital, target of Rs 690: P Lilladher

    5th May, 2009 11:45

    Prabhudas Lilladher has maintained its accumulate rating on Reliance Capital with a target price of Rs 690. Reliance Capital (RCFT) has delivered betterthan- expec

  • Stay with Unitech: A Madan 

    5th May, 2009 11:37

    Ashu Madan, President Equity Broking of Religare is of the view that one can stay invested in Unitech for some more time.

  • Hold Allahabad Bank, says A Madan 

    5th May, 2009 11:33

    Ashu Madan, President Equity Broking of Religare is of the view that Allahabad Bank might not give very knee jerk returns but it’s a clear-cut stock which can give

  • Sobha Dev to raise additional capital upto Rs 70cr; stk up

    5th May, 2009 11:29

    Sobha Developers touched an intraday high of Rs 114.80 and an intraday low of Rs 105. At 11:26 am, the share was quoting at Rs 110.75, up Rs 7.70, or 7.47%. The co

  • ICICI Bank among major gainers

    5th May, 2009 11:25

    At 11:21 am, ICICI Bank was among the major gainers on the Sensex. It touched an intraday high of Rs 556.75 and an intraday low of Rs 532.20. The share was quoting

  • Indiabulls Real makes smart gain

    5th May, 2009 11:22

    Indiabulls Real Estate touched an intraday high of Rs 141.85 and an intraday low of Rs 133.20. At 11:19 am, the share was quoting at Rs 140.50, up Rs 7.65, or 5.76

  • Hold Bajaj Hindusthan: Mohoni 

    5th May, 2009 11:14

    Technical Analyst, Deepak Mohoni is of the view that one can hold Bajaj Hindusthan. This is not a time to book profits or get out of stock nor is it a time to buy

  • Revival in US economy to take time: Wilbur Ross 

    5th May, 2009 11:09

    Wilbur Ross, Chairman and CEO, WL Ross & Co, said the US government's stimulus programmes have prevented the economy from going off the cliff. But was quick to add

  • Jubilant Organosys advances nearly 11%

    5th May, 2009 11:04

    Jubilant Organosys touched an intraday high of Rs 132.15 and an intraday low of Rs 118.50. At 11 am, the share was quoting at Rs 130, up Rs 12.70, or 10.83%. It wa

  • Sweet gains for Bajaj Hindusthan

    5th May, 2009 11:00

    Bajaj Hindusthan touched an intraday high of Rs 87.65 and an intraday low of Rs 82. At 11:04 am, the share was quoting at Rs 87.25, up Rs 5.20, or 6.34%. It was tr

  • Buy Crude Oil at dips: Nirmal Bang

    5th May, 2009 10:57

    Nirmal Bang has recommended to buy Crude Oil at dips for the day as a weaker dollar, coupled with stability in global financial markets is likely to support crude

  • Larsen can test Rs 1050: M Thacker 

    5th May, 2009 10:50

    Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that Larsen and Toubro can test Rs 1050 in the short term.

  • Indian GDRs: ICICI Bank gains 14%, Sterlite up 11.6%

    5th May, 2009 10:39

    Indian GDRs: ICICI Bank, Sterlite, ITC, Infosys, Tata Motors, Tata Comm, Grasim and Dr Reddys gained.

  • Sell Jeera NCDEX 1st Month Future at Rs 12171: Hem

    5th May, 2009 10:34

    Hem Securities has recommended to sell Jeera NCDEX 1st Month Future at Rs 12171 with a stoploss of Rs 12425 and a target of Rs 11811.

  • Mkts to see consolidation over next week: CLSA 

    5th May, 2009 10:26

    Laurence Balanco, Asian Tech Research, CLSA, sees the top end range for the Nifty at around 4,300 levels. He feels the market seems overbought in the short term an

  • HDFC top loser on the Nifty

    5th May, 2009 10:18

    At 10:20 am, Housing Development Finance Corporation, HDFC was the top loser on the Nifty. It touched an intraday high of Rs 1,975.55 and an intraday low of Rs 1,5

  • INOX Leisure locked at 10% upper circuit

    5th May, 2009 10:13

    At 10:09 am, INOX Leisure was locked at 10% upper circuit. It touched an intraday high of Rs 35.95 and an intraday low of Rs 34. The share was quoting at Rs 35.95,

  • Voltas gains further ground

    5th May, 2009 10:10

    Voltas touched an intraday high of Rs 68.90 and an intraday low of Rs 66.70. At 10:08 am, the share was quoting at Rs 68.50, up Rs 2.90, or 4.42%. It was trading w

  • Unitech maintains its march ahead

    5th May, 2009 10:04

    Unitech has continued to gain. It touched an intraday high of Rs 53.85 and an intraday low of Rs 49.40. At 10:07 am, the share was quoting at Rs 53.30, up Rs 4.05

  • US mkts soar on positive economic news 

    5th May, 2009 09:58

    It was a big day on Wall Street as stocks soared on the latest wave of positive economic data. The Dow surging more than 214 points to its highest closing level si

  • Buy IDFC on dips: Thacker 

    5th May, 2009 09:51

    Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that there is good steam left in IDFC; it still remains a good stock to buy in dips to around R

  • Sell Gold June around Rs 14550: Bonanza

    5th May, 2009 09:50

    Bonanza has recommended to sell Gold June at around Rs 14550 with stoploss above Rs 14625 and target of Rs 14360-14275.

  • Sensex has support at 11981-11782: Hem

    5th May, 2009 09:46

    According to Hem Securities' report, the support for Sensex remains at 11981/11782 levels and resistance at 12272/12412 levels.

  • Nifty has support around 3625-3635: Reliance Money

    5th May, 2009 09:42

    According to Reliance Money's Morning Notes, as for Intraday trades, stock specific volatility will continue to prevail. Support for the day exists around levels o

  • Nifty has support at 3580-3520: Nirmal Bang

    5th May, 2009 09:38

    According to Nirmal Bang's report, now for the near term Nifty faces resistance at 3715 and intra-day support is placed at 3580-3520.

  • Sensex has support at 11880-11790: Angel

    5th May, 2009 09:28

    According to Angel Broking's Technical Analysis report, on the downside, 11880 – 11790 / 3600 – 3570 levels may act as a support for the day.

  • Nifty may correct up to 3534: Angel

    5th May, 2009 09:25

    According to Angel Broking's Market Outlook report, if NIFTY trades below 3599 for the first half-an-hour of trade then it may correct up to 3534.

  • Markets may witness profit booking: FinQuest Securities

    5th May, 2009 09:22

    According to FinQuest Securities' report, while the overall structure is bullish, intraday momentum indicators are over bought and thus some profit booking could b

  • Nifty may cross 3750: VK Sharma

    5th May, 2009 09:17

    Positive trend may continue and I would not rule out Nifty crossing 3,750, VK Sharma said.

  • Refineries, upstream oil companies may rise further:Anagram

    5th May, 2009 09:15

    According to Anagram Research's report, with crude closing above the desired $54.50 mark, the stage is set for the refineries and upstream oil companies to fur

  • I-T Dept's order contrary to CBDT law: Aditya Birla Nuvo

    5th May, 2009 09:13

    The Income Tax (IT) Department has sought time from the Bombay High Court to respond to Aditya Birla Nuvo's Writ Petition. Aditya Birla Nuvo's petition says the I-

  • Tata Nano gets 2.03 lakh fully paid bookings 

    5th May, 2009 09:08

    The Tata Nano has found 200,000 customers in its first booking schedule, and half of them have opted for the top end version. CNBC-TV18's Sumantra Barooah reports.

  • Rupee opens at Rs 49.61 per dollar

    5th May, 2009 09:01

    The Indian Rupee opened at Rs 49.61 per dollar versus Rs 49.92 yesterday.

  • Crude settles at 2009 high as economic optimism grows

    5th May, 2009 08:55

    Crude prices rose to a five-week high near USD 54 a barrel as investors bet the economic recession would end soon, paving the way for a recovery of ailing world en

  • Bulls likely to push values higher: Bhambwani

    5th May, 2009 08:39

    The coming session is likely to witness a range of 3775 on advances and 3540 on declines. The outlook for the markets today is that of optimism as the bulls are li

  • Mkts may see gap up opening 

    5th May, 2009 08:36

    We will have a mix day but the fact that the US markets were positive yesterday as well so we will see gap up opening for sure in today’s trade. The fact that ther

  • United Spirits stake sale talks with Diageo make no headway

    5th May, 2009 08:27

    The world’s largest liquor maker Diageo’s plan to pick up a stake in United Spirits is hanging fire as both the companies struggle to identify a firm structure for

  • Circuit filters change on BSE

    5th May, 2009 08:24

    The circuit filters has been changed from their existing levels in Infotech Enterprises, Gemstone Investments, Poly Medicure and McNally Bharat Engineering Compa

  • SRK ready to play a superhero

    5th May, 2009 08:22

    The actor has finally agreed to star in Anubhav Sinha's next

  • F&O cues: Futures Open Int up by Rs 2847 cr

    5th May, 2009 08:19

    F&O cues: Futures Open Int up by Rs 2847 crore, Options Open Int up by Rs 2912 crore. Stock futures add 5.3 cr shares in Open Int.

  • Market cues: FIIs net buy $68.3 mn

    5th May, 2009 08:17

    Market cues: FIIs net buy USD 68.3 million and MFs net buy Rs 20.6 crore in equities on April 29.

  • Expect positive opening: Gujral

    5th May, 2009 08:13

    The market will have positive opening today. Nifty has supports at 3550 - 3600 and resistances are at 3700-3750. Some profit booking is also expected at higher lev

  • FIIs net buy Rs 1,417 cr in equities on May 04 (prov) 

    5th May, 2009 08:09

    FIIs were net buyers to the tune of Rs 1,417 crore while DIIs net sold Rs 92 crore in cash markets on May 04 (provisional figures). The supply zone for the Nifty i

  • Indian ADRs: ICICI Bank gains 14%, Wipro up 12%

    5th May, 2009 08:02

    Indian ADRs rallied on Monday as US markets ended higher. In the banking space, ICICI Bank was up 14.16% at $ 23.46 and HDFC Bank was up 10.31% at $ 82.67.

  • Wall Street rallies; Dow ends up 214 points

    5th May, 2009 08:00

    The US markets continued their upward march, kicking off the first full week of May on a positive note. The move was spurred by positive economic signs and strengt

  • Century Enka Q4 net profit at Rs 11.7 cr

    5th May, 2009 07:00

    Century Enka has announced its numbers for the quarter ended March 2009. Its net sales declined to Rs 248.7 crore from Rs 323 crore. Operating profit was up at Rs

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