JSW Steel April'13 crude steel production at 6.37 Lk tons
JSW Steel’s crude steel production stood at 6.37 lakh tons for April'2013 against 7.15 lakh tons in April’2012, degrowth of 11%.
Seasons Textiles: Outcome of board meeting
Seasons Textiles at its meeting held on May 21, 2013, has passed the resolution to Constitute a Committee of Independent Directors to give Reasoned Recommendation on the open offer to the shareholders of the company by Inderjeet Singh Wadhwa and Mrs. Neelam Wadhwa.
Man Infraconstruction to consider dividend
Man Infraconstruction’s board meeting will be held on May 30, 2013, to approve and take on record consolidated and standalone Audited Financial Results of the Company for the quarter and financial year ended March 31, 2013 and to recommend dividend, if any.
Kavveri Telecom Products to consider dividend
Kavveri Telecom Products’ board meeting will be held on May 30, 2013, to consider and approve the audited financial results of the Company for the fourth quarter and financial year ended March 31, 2013 and also to consider and recommend dividend, if any, for the year 2012-13.
Rajapalayam Mills board meeting on May 27, 2013
Rajapalayam Mills’ board meeting will be held on May 27, 2013, to consider the issue of convertible warrants to promoters on preferential basis.
Pipavav Defence bags order worth Rs 595cr from European client
Pipavav Defence and Offshore Engineering Company bagged new order for specialised offshore vessels from the European client. The value of the order is worth Rs 595 crore with option to supply two more specialised offshore ships valued at Rs 1200 crore.
Nifty remains firm; Puravankara, Apollo Hospital down 4-6%
Equity benchmarks remained firm since early trade. The NSE Nifty gained 10 points to 6,124. Housing finance major HDFC and private oil & gas company Reliance Industries declined 0.5 percent each.
Titagarh Wagons appoints Vinita Bajoria as whole time director
Titagarh Wagons at its meeting held on May 20, 2013, decided to appoint Smt. Vinita Bajoria as Whole Time Director; and her appointment would be effective from date of receipt of Director Identification Number by her.
Garware Wall Ropes to consider dividend on May 30, 2013
Garware Wall Ropes’ board meeting will be held on May 30, 2013, to consider as well as to take on record the Audited Financial Results for the year ended March 31, 2013, and to recommend dividend, if any.
Indian rupee hits near 6-month low; dollar buying continues
The Indian rupee hits a fresh near 6-month low in openeing trades as it falls to 55.48 after opening at 55.335. Dealers say follow-on dollar buying is pushing the pair up after a late surge on Tuesday.
Prestige Estates gains 3% after 2-fold jump in Q4 profits
Prestige Estates Projects' total income from operations jumped nearly three-fold Y-o-Y to Rs 559.72 crore during January-March quarter. Shares rallied more than 6 percent in early trade.
Puravankara Projects IPP issue opens, shares down 6.5%
Institutional placement programme (IPP) issue of Bangalore-based real estate company Puravankara Projects has opened for subscription today and will close tomorrow.
Importance of rebalancing investment portfolio
To maintain a healthy portfolio, it is important to identify and eliminate unsuitable elements in the portfolio, which may damage your overall returns. Financial Advisor Manikaran Singal explains why the process of rebalancing portfolio is important in order to achieve desired goal.
FT India Balanced Fund declares dividend
Franklin Templeton Mutual Fund declares dividend under Regular and Direct Plan of FT India Balanced Fund.
Birla Sun Life MF declares dividend under two debt funds
Birla Sun Life Mutual Fund has announced dividend under quarterly dividend option of Birla Sun Life Dynamic Bond Fund and Birla Sun Life Monthly Income.
EU leaders look to end Apple-style tax avoidance schemes
France and Britain in particular have grown concerned by the sheer scale of the legal tax schemes, with a US investigation revealing on Monday that Apple Inc had paid just two percent tax on USD 74 billion in overseas income, largely by exploiting a loophole in Ireland's tax code.
UK opposition party leader slams Google tax behaviour
Google's methods of minimising its British tax bill have made front page headlines in Britain and angered voters at a time when their own incomes are being squeezed, putting pressure on politicians to be seen to be taking action.
Senate panel passes US immigration bill; Obama hails move
The vote followed the committee's decision to embrace a Republican move to ease restrictions on high-tech US companies that want to hire more skilled workers from countries like India and China.
BSE Sensex up 80; HCL Tech, Coal India, Infosys top gainers
BSE Sensex was trading firm tracking positive regional equities. Asian shares were trading in green while US markets ended at fresh record highs ahead of the Fed meet today. Bank of Japan kept policy rates unchanged.
Equity Mutual Funds decline as markets end lower
Equity Mutual Funds plunge for second consecutive day as markets ended lower due to profit booking.
Mkt could move in volatile sideways trading range: CLSA
Given the fairly strong negative correlation between the Nifty and the rupee, Laurence Balanco of CLSA does not expect a move higher above the 2010 highs. "The market could move in a volatile sideways trading range instead," he adds.
Tech Mahindra surges on better-than-expected Q4
Shares of software services exporter Tech Mahindra jumped 7 percent in morning trade on Wednesday as fourth quarter results beat market expectations.
Sony to assess spin-off proposal for entertainment business
Sony's US listed shares rose nine percent on Tuesday on the New York Stock Exchange.
TCS, Infosys, Tech Mah to get astro support: Satish Gupta
Technology stocks like TCS, Infosys, Tech Mahindra and HCL Technologies will be getting astrological support, says Satish Gupta of astrostocktips.in.
Ex-Goldman exec seeks insider trading retrial
At trial, prosecutors showed the jury phone records to prove Gupta called Rajaratnam immediately after board meetings to relay confidential information that allowed Rajaratnam to earn more than USD 11 million illegally.
