Cable Corp bags order worth Rs 140 cr; stock gains 5%
Cable Corporation of India has bagged order worth Rs 140 crore from Tamil Nadu Power Board, reports CNBC-TV18. It touched an intraday high of Rs 30.90 and an intraday low of Rs 29.50. At 09:54 hrs the share was quoting at Rs 30.90, up Rs 1.45, or 4.92%.
GAIL India top gainer on Nifty
GAIL India was the top gainer on the Nifty. It touched an intraday high of Rs 432.45 and an intraday low of Rs 422.60. At 09:39 hrs the share was quoting at Rs 432.40, up Rs 10.65, or 2.53%.
Punj Lloyd touches new low
Punj Lloyd touched a 52-week low of Rs 56.70. At 09:35 hrs the share was quoting at Rs 57.20, down Rs 0.40, or 0.69%.
Poverty alleviation in Bihar
Andhra Pradesh and Bihar have shown that a new approach to help the rural poor beat abject poverty works. Now, India wants to try this approach in all states.
Gammon Infra board to consider rights issue; stock up
Gammon Infrastructure Projects touched an intraday high of Rs 18.50 and an intraday low of Rs 18.15. At 09:26 hrs the share was quoting at Rs 18.20, up Rs 0.30, or 1.68%.
Orchid Chem to raise upto Rs 1000cr via equity/FCCBs
Orchid Chemicals and Pharmaceuticals is going to raise up to Rs 1000 crore via equity/FCCBs, reports CNBC-TV18. It touched an intraday high of Rs 291 and an intraday low of Rs 284.20. At 09:24 hrs the share was quoting at Rs 284.50, down Rs 10.25, or 3.48%.
Fertiliser cos may allow to hike DAP prices; stocks react
Fertiliser stocks gained in the range of 0.5-1.5% on the news that the companies may be allowed to hike DAP prices by over Rs 600/tonne, reports CNBC-TV18, quoting PTI.
Nifty lacklustre; L&T looks jittery ahead of results
The Indian markets opened in green echoing Asian markets move. The benchmark index Nifty was inching towards 5450 mark. Analysts suggest that the Nifty might bounce back 50-100 points on back of expiry next week.
Pharma, financial, oil & gas to outperform: astrostocktips
Pharma, financial and oil & gas sectors will get astrological support.
TCS Q1 results will be IFRS compliant: Mahalingam
Even as the government is yet to announce the new date for implementing the global accounting standards IFRS, country's largest software exporter TCS said it will adopt the same from the June quarter.
IMF says Greece must 'reinvigorate' reform drive
The IMF warned Greece on Wednesday that it would fail to shore up its finances unless it redoubled reform efforts, and euro zone officials dismissed suggestions that a mild debt restructuring might help.
End to DEPB export tax break draws anger
The government said it will end a tax break for exporters because the USD 250 billion sector no longer needs it, drawing stinging criticism from manufacturers.
IL&FS Group arm achieves financial closure for 5 projects
IL&FS Financial Services (IFIN), the investment banking arm of the IL&FS Group, today announced financial closure for its five projects worth Rs 7,430 crore.
Govt starts land acquisition for Posco project
Orissa today resumed land acquisition for the Rs 52,000-crore Posco steel plant amid tight security, as United Action Committee (UAC), a grouping of villagers earlier backing the project, turned hostile and threatened protests against the drive from tomorrow.
Saint Gobain says promoters propose delisting from BSE
Automotive glass maker Saint Gobain Sekurit India Ltd said on Wednesday its promoters Saint Gobain Glass India Ltd and Saint-Gobain Securit S.A. France have proposed to delist the company from the Bombay Stock Exchange.
Japan earthquake impact on US autos may dent US GDP
Declining motor vehicle production as assembly plants grapple with a shortage of parts due to Japan's earthquake may hurt US second-quarter growth, but much of the pain could be blunted by booming exports.
Somebody in Pakistan knew about bin Laden's presence: Gates
Reiterating that he hasn't seen any evidence so far which indicates that top Pakistani leadership knew about the presence of Osama bin Laden in Abbotabad, US Defense Secretary Robert Gates said his supposition is that somebody in that country knew about it.
Obama slaps sanctions against President Assad, his deputies
US President Barack Obama has slapped sanctions against Syrian President Bashar Assad and six of his deputies as the regime continued oppressive measures against its own people.
Big Lots not selling itself
Big Lots Inc has decided against selling itself after bids from private equity firms did not meet the discount retailer's expectations, the Wall Street Journal reported, citing people familiar with the matter.
LinkedIn IPO prices at $45/share, but risks real
LinkedIn sold USD 352.8 million worth of shares to the public on Wednesday and the intense demand for the stock could be a sign of just how important social networking is becoming.
Rupee opens at 44.97 per dollar
The Indian rupee opened at 44.97 per dollar versus 45.06 yesterday.
Keep eyes on Dunlop India - Astromoneyguru
Today as per astro economics mixed trend is expected in Indian stock market. Short term investors need to focus on selected stocks rather then looking at Nifty levels.
Nifty may slip to 5394-5368 level: Angel
According to a report by Angel Broking, if Nifty trades below 5427 levels for the first half-an-hour of trade then it may correct up to 5394-5368 levels.
US markets reverse a three-day losing streak
Global Cues for Thursday Morning: US markets reverse a three-day losing streak as Fed signal low interest rates. Crude oil is back above USD 100 per barrel.
Sesa Goa looks weak: Astroprofit
Sesa Goa Ltd. incorporated on dated 25th June 1965. Today Moon is transiting over the 8th house from the natal Moon and other planetary combinations are indicating some downside in intraday.
