latest news

MCX GOLDGUINEA April contract trades flat

At 15:39 hrs MCX GOLDGUINEA April contract was trading at Rs 24860 up Rs 29, or 0.12%. The GOLDGUINEA rate touched an intraday high of Rs 24880 and an intraday low of Rs 24826. So far 38 contracts have been traded. GOLDGUINEA prices have moved up Rs 321, or 1.31% in the April series so far.

Gold importers on sidelines eyeing rupee

Gold importers in India stayed on the sidelines as the yellow metal continued to trade in recent price range, with a weaker rupee also denting sales.

Crude oil may dip to Rs 4920: Sharekhan

Sharekhan has come out with its report on Crude oil. According to the research firm, the oil is expected to fall towards the level of Rs 4920.

Sundaram Clayton approves proposal to offer further equity shares

Sundaram Clayton approved the proposal of offering further equity shares of Rs 5 each to such prospective investors in order to increase the public shareholding to the extent of 25% of the total paid-up share capital of the Company

Span Diagnostics reappoints Dr. Pradip Desai as Whole Time Director

Span Diagnostics at its meeting held on Feb 08, 2013, has approved reappointment of Dr. Pradip K. Desai, as Whole Time Director subject to approval of members at General meeting and other approvals, if any, required for a period of 3 years w.e.f. April 01, 2013. The Board has approved convening EGM of Members on April 06, 2013 in this regard.

Lampard targets 2014 World Cup and more time at Chelsea

SOCCER-ENGLAND-CHELSEA-LAMPARD:Lampard targets 2014 World Cup and more time at Chelsea

Tax collection may take hit as IT officials announce stir

Even as government has stepped up efforts to mop up tax collection before the fiscal ends, a section of Income Tax officials has decided to shun work and stop issuing assessment orders crucial for recovery of taxes to press their demands, including time-bound promotions.

Buy Gold on dips to USD 1662; target USD 1695: Geojit

Geojit Comtrade has come out with its trading strategies on Gold. According to the research firm, one can buy Gold on dips to USD 1662 for the target of USD 1695 with a stop loss below USD 1648.

Morgan Stanley to invest upto $186m in India office

The global real estate fund of Morgan Stanley is in talks with the Wadhwa Group to invest Rs 900 crore to Rs 1000 crore in an office development in Mumbai, three sources familiar with the matter told Reuters.

Cressanda Solutions: High Court approves Scheme of Amalgamation

Cressanda Solutions has informed that High Court Bombay has approved the Scheme of Amalgamation vide its ordered dated 24th January, 2013 that was approved by board of directors on 6th March 2012 and approved by the shareholders in court convened meeting of shareholders on 30th July 2012.

JPMorgan India Active Bond Fund revises exit load

JP Morgan Mutual Fund revises exit load under JPMorgan India Active Bond Fund.

GlaxoSmithKline expands oral healthcare portfolio in India

GlaxoSmithKline Consumer Healthcare today expanded its oral healthcare portfolio in the country with the launch of gum care toothpaste 'Parodontax'

U.N. says 5,000 Syrian refugees fleeing each day

SYRIA-CRISIS-REFUGEES:U.N. says 5,000 Syrian refugees fleeing each day

Sundaram Clayton board declares interim dividend

Sundaram Clayton at its meeting held on February 08, 2013has declared an interim dividend for the financial year ending March 31, 2013 at Rs 9 per share on 1,89,67,584 equity shares of Rs 5 each fully paid up, absorbing a sum of Rs 1,707.08 lakhs.

Orbit Exports board declares interim dividend

Orbit Exports at its meeting held on February 08, 2013 has decided to declare interim dividend for the year 2012-2013 at 15% i.e. Rs 1.50 per share on 1,32,99,150 Equity Shares of Rs 10 each amounting to Rs1,99,48,725.

Crowds await funeral of slain Tunisian opposition leader

TUNISIA-POLITICS:Crowds await funeral of slain Tunisian opposition leader

Allcargo Logistics equity shareholders to approve scheme of arrangement

The meeting Allcargo Logistics be convened and held on Feb 25, 2013 for the purpose of considering and, if thought fit, approving with or without modification(s), the proposed arrangement embodied in the Scheme of Arrangement between Allcargo Logistics and MHTC Logistics and their respective Shareholders and Creditors.

Careful! Your MF dividend may be taxable

There are often times when the dividend payment on a mutual fund looks very tempting. Beware! MF dividend may be taxable. there are provisions in the Income Tax Act where the individual will be covered under the term dividend stripping. Read this space to know to get proper understanding of how MF dividends are taxed.

Piramal Glass appoints Suhail Nathani as independent director

Piramal Glass at its meeting held on February 08, 2013, appointed Mr. Suhail Nathani as an Independent Director on the Board of the Company.

KCP skips interim dividend for current quarter

KCP at its meeting held on February 08, 2013 has decided to skip Interim Dividend for the current quarter in view of the current market conditions and to conserve resources.

IO System shifts registered office

IO System at its meeting held on February 08, 2013, has approved the Shifting of Registered Office of the Company from

Dell launches Inspiron 15z ultrabook for Rs 41,990

Dell has added another laptop to its already-crowded Inspiron range. The company, which recently went private again and exited the share market, has launched

Piramal Glass Q3 net profit drops 75% to Rs 4.7 cr

Piramal Glass' consolidated net profit dropped by 75 percent year-on-year to Rs 4.7 crore in the third quarter of financial year 2012-13.

Wyeth board approves Rs 5.5 cr provisions for doubtful debts

Wyeth at its meeting held on February 08, 2013, made a provision for doubtful debts of Rs 550 lakhs (previous period nil) in respect of fraud committed against the Company.