Black money trail: I-T dept signs MoUs for conducting study
The government has set the ball rolling for estimating black money by signing agreements with three leading think-tanks NCAER, NIFM and NIPFP to conduct study on unaccounted income generated inside and outside the country.
Sebi to outsource processing of investor complaints
Faced with the Herculean task of handling lakhs of investor complaints, market regulator Sebi plans to rope in third party agencies for processing and maintenance of these grievances.
UCO Bank eyeing expansion of presence overseas
Seeking to expand its presence in overseas markets, state owned-UCO Bank plans to open more branches in the South East Asian region, a top bank official said.
Marico shares surge after it sells Sweekar brand to Cargill
Marico shares rose Monday morning after the fast moving consumer goods company sold its Sweekar edible oil brand to Cargill India.
BlackBerry may develop India into export hub
After Nokia, Samsung, LG and other global brands, BlackBerry smartphones-maker Research in Motion is likely to set up an Indian manufacturing facility in view of the potential within the country and the surrounding region and may develop the country into an export hub.
Govt, RBI working to lower costs, expand reach: FM
Expressing concern over high costs and limited reach of banking services, Finance Minister Pranab Mukherjee today said that the government was working in collaboration with RBI to address these concerns.
Viceroy Hotels approves hiving off Chennai project division
Viceroy Hotels board has approved hiving off Chennai project division, reports CNBC-TV18. It touched an intraday high of Rs 35.70 and an intraday low of Rs 35. At 09:43 hrs the share was quoting at Rs 35.15, up Rs 0.45, or 1.30%.
Convert tax gains into higher investments: FM to firms
Maharashtra attracted the highest number of industrial proposals in the country between August, 1991, and August, 2010, the Economic Survey of the state for 2010-11 claims.
After 2 years of pay cuts, LN Mittal gets raise in 2010
Lakshmi Mittal, the Chairman and CEO of the world's largest steel-maker ArcelorMittal, earned a 11% hike in his base salary in 2010, after suffering pay cuts in the previous two consecutive years.
Ceat starts commercial production at Halol plant; stock up
Ceat touched an intraday high of Rs 105.80 and an intraday low of Rs 102.30. At 09:40 hrs the share was quoting at Rs 105, up Rs 2.70, or 2.64%. The commercial production of passenger / truck radial tyres has commenced at Halol plant from March 25, 2011, reports CNBC-TV18.
Rel Infra withdraws plan to reorganise Co's, arms' ops
Reliance Infrastructure touched an intraday high of Rs 660 and an intraday low of Rs 652.10. At 09:33 hrs the share was quoting at Rs 656.25, up Rs 5.60, or 0.86%.
US economy to mark 3% growth if oil settles: Morgan Stanley
In an interview on CNBC-TV18, David Darst, chief investment strategist at Morgan Stanley Smith Barney said that the rate of economic growth in the US will push market profits higher in the coming future.
How to deal with a medical emergency
In a medical emergency, timely response could make all the difference. Here’s a checklist of things you should do before, so you are always ready to act quickly.
A perspective on the nuclear uproar in India
As India prepares to build the world’s largest nuclear power plant, the plan has come under scrutiny in the wake of the disaster in Japan.
Marico divests Sweekar to Cargill India; stock rises 2.6%
Marico has divested Sweekar to Cargill India, reports CNBC-TV18. It touched an intraday high of Rs 139 and an intraday low of Rs 133.50. At 09:30 hrs the share was quoting at Rs 134, up Rs 3.45, or 2.64%.
Amtek Group stocks slip post I-T raids
I-T department has conducted pan-India raids on Amtek Group. I-T department has covered Amtek Auto and Amtek India in raids. These raids have conducted on basis of alleged suppression of income, quoting Sources, reports CNBC-TV18.
Mahindra Satyam's Rs 1300cr freeze in banks till Mar 31
Mahindra Satyam touched an intraday high of Rs 66.90 and an intraday low of Rs 64.75. At 09:19 hrs the share was quoting at Rs 66.40, down Rs 0.60, or 0.90%. Company’s Rs 1300 crore has frozen in banks till March 31. AP HC gives conditional order on company's plea, reports CNBC-TV18.
EIH successfully completes rights issue; stock gains
EIH has successfully completed rights issue. It has allotted 1.09 crore shares at Rs 66 per share, reports CNBC-TV18. It touched an intraday high of Rs 82.80 and an intraday low of Rs 82. At 09:17 hrs the share was quoting at Rs 82.35, up Rs 0.30, or 0.37%.
Reliance Industries enters into JV with DE Shaw; stock up
Reliance Industries has entered into Joint Venture with DE Shaw for financial services business, reports CNBC-TV18. It touched an intraday high of Rs 1,033 and an intraday low of Rs 1,026.25. At 09:18 hrs the share was quoting at Rs 1,032.90, up Rs 6.30, or 0.61% on the NSE.
Nifty consolidates after rally in previous sessions
The benchmark Nifty was positive in opening trade in the first session of the week, but amid mild gains amid extreme volatility, as the index rallied smartly in previous four sessions following an upmove in global markets.
US employers test economic waters before hiring
US companies are dusting off their "help wanted " signs but the pipeline of new jobs is being filled at only a trickle.
Asian stocks off; euro falls after German election
A state German election rout for the ruling conservative party sent the euro lower on Monday, while Asian shares slipped on persistent anxiety over the tension in the Middle East and in Japan after the destructive quake and tsunami two weeks ago.
Nikkei falls; nuclear concerns dictate mood
Japan's Nikkei fell on Monday as any optimism from gains on Wall Street was dampened as concerns about a crippled nuclear plant in Japan remained the key focus for investors.
Brent steady near $116, investors eye geopolitical factors
Oil was steady on Monday with Brent stabilising near USD 116 as investors looked to geopolitical factors to maintain near-record long speculative positions, while flaring unrest over the weekend was limited to minor crude exporters Syria and Yemen.
