European shares rose and the euro hovered near a two-week low on Friday after the European Central Bank rekindled expectations that it could cut interest rates again
Aditya Birla Money is bullish on MindTree and has recommended accumulate rating on the stock with a target of Rs 886 in its February 8, 2013 research report.
CRISIL Research has come out with its report on Innoventive Industries. The research firm estimates operating income of the company to grow by 21% CAGR over FY12-15 to Rs 13.9 bn driven primarily by tubes and oil & gas product divisions. CRISIL assigns valuation grade of 5/5 to the company.
SOLOMONS-QUAKE:Magnitude 7.1 quake off Solomons, no reports of damage
Ben Verwaayen, the chief executive of Alcatel-Lucent, is to step down from his post in May after failing in his attempt to turn round the fortunes of the ailing telecoms equipment maker.
KKR reported a 22 per cent rise in economic net income in the fourth quarter as the pioneering private equity firm registered its most profitable year since going public, raised more money than in any other single year and gave more money back to investors than ever before.
Pharma, telecom, technology, financial, paints & liquor sectors will be getting astrological support. Accumulate Biocon, Lupin, Strides Arcolab, Wockhardt, Divis Laboratories, Aurobindo Pharma, Glenmark, Lupin. Buy Idea Cellular, Tata Telecom, TCS, Tech Mahindra, Wipro, PFC, REC, Rel Capital, Asian Paints, says Satish Gupta of Astrostocktips.
INDIA-NARENDRA-MODI-EU:Quiet lunch shatters EU boycott of Narendra Modi
Angel Broking is bullish on Tech Mahindra and has recommended accumulate rating on the stock with a target of Rs 1105 in its February 6, 2013 research report.
There was a sanguine market reaction to more weak-looking numbers from Vodafone on Thursday, in a sign that the slowdown in its European business could be priced in to one of the most widely-held stocks on the FTSE 100.
With India‘s GDP growth rate having regressed to its 10 year low, the upcoming Union budget would be excessively important in salvaging the situation.
The Power Ministry has asked the Coal Ministry to ensure that Coal India settles the issues raised by NTPC on fuel supply pact so that it can be signed by the state-run power producer at the earliest.
I believe the key to 2013-14 budget will be to rein in fiscal deficit, control expenditure (slashing subsidies etc), show buoyancy in tax revenues (without raising rates) and yet present a people and investment friendly budget.
The Indian forging industry has kept abreast with the domestic manufacturing sector‘s demand, yet exporting significant quantities despite surging input costs of fuels, power and labour charges during the past months of the financial year.
The budget for 2012-13 did not have much toofferfor Real Estate and without any stimulus it is not surprising that the difficult conditions in the sector escalated further.
SYRIA-CRISIS-TURKEY:Turkey says has spent $600 mln on Syria refugees
BSE benchmark Sensex ended 95 points down at 19484.77 and NSE Nifty lost 35.30 points to close at 5903.50.
CRISIL Research has come out with its report on Veto Switchgears and Cables. The research firm has assigned a CRISIL SME IER fundamental grade of "SME 4/5" to the company.
BULGARIA-BOMBING-IRAN:Iran denies involvement in Bulgaria bomb attack
NEWS-CORP-FOX-SPORTS-ESPN:Fox to unveil sports channels for ad buyers in challenge to ESPN
In CNBC-TV18's personal finance segment today, Pankaj Mathpal of Optima Money Managers highlights on how to prevent credit card frauds.
CRICKET-AUSTRALIA-WINDIES:Australia beat West Indies by five wickets in fourth ODI
Morgan Stanley Mutual Fund launches Morgan Stanley Gilt Fund.
At 16:22 hrs MCX SILVERMIC June contract was trading at Rs 60900 up Rs 121, or 0.20%. The SILVERMIC rate touched an intraday high of Rs 61020 and an intraday low of Rs 60721. So far 233 contracts have been traded. SILVERMIC prices have moved down Rs 4601, or 7.02% in the June series so far.
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.