MTNL slips 2.6% on poor Q4 numbers
Mahanagar Telephone Nigam (MTNL) touched an intraday high of Rs 44.70 and an intraday low of Rs 43.45. At 09:28 hrs the share was quoting at Rs 44.05, down Rs 1.20, or 2.65%.
Govt approves Rs 20001cr cash subsidy to OMCs; stocks react
The government today approved Rs 20,001 crore in additional cash subsidy to state-owned oil companies to compensate them for selling fuel below cost in 2010-11 fiscal.
Siemens among major gainers
Siemens was among major gainers on the Nifty. It touched an intraday high of Rs 885 and an intraday low of Rs 873.20. At 09:25 hrs the share was quoting at Rs 877.50, up Rs 13, or 1.50%.
Delta Corp buys 51% stake in Daman Hospitality; stock up
Delta Corp has acquired 51% stake in Daman Hospitality pvt ltd for an amount of Rs 50 crore, reports CNBC-TV18. It touched an intraday high of Rs 90.80 and an intraday low of Rs 88.75. At 09:20 hrs the share was quoting at Rs 89.95, up Rs 1.80, or 2.04%.
Karuturi Global moves up smartly
Karuturi Global has gained today. It touched an intraday high of Rs 12.60 and an intraday low of Rs 12.05. At 09:19 hrs the share was quoting at Rs 12.51, up Rs 0.48, or 3.99%.
SKS Microfinance locked at 5% upper circuit
SKS Microfinance was locked at 5% upper circuit. It touched an intraday high of Rs 378.35 and an intraday low of Rs 372.50. At 09:17 hrs the share was quoting at Rs 378.35, up Rs 18.
Nifty choppy; SBI, Bharti, HUL, ICICI Bank down
Equity benchmarks started the session on a flat note for fifth consecutive session today. Market could be waiting for state elections' results. Even Asian markets were mixed in trade.
Galaxy Surfactants IPO opens for subscription
Galaxy Surfactants, one of the leading manufacturers and marketers of surfactants and specialty chemicals in India for the personal and home care industry, has entered capital market with its initial public offer of 59.3 lakh equity shares today.
BPCL looks good: Astroprofit
Bharat Petroleum Corporation incorporated on dated 3rd November 1952. Today Moon is transiting over 4th and 5th house from the natal Moon and other planetary combinations are indicating some upside in coming days.
Rupee opens at 44. 90 per dollar
The Indian rupee opened at 44.90 per dollar versus 44.99 yesterday.
Bill Roedy reflects on military and MTV in new book
As the former head of MTV Networks International, Bill Roedy drew on his military career to build a youth entertainment business across 165 countries with an audience of millions - and he had fun along the way.
Film 'Too Big To Fail' is a financial horror show
To the producers of the film "Too Big To Fail," the story plays like a horror movie.
Google nears settlement over drugstore ads
Google Inc is close to settling a US criminal probe into allegations that it made hundreds of millions of dollars from online pharmacy ads that break US laws, the Wall Street Journal reported, citing people familiar with the matter.
Skype deal raises risks for video-conferencing firms
Microsoft's USD 8.5 billion acquisition of Skype is likely to boost videoconferencing from workers' desktops, posing further risks to video technology providers like Polycom and Logitech.
Ashton Kutcher in deal to replace Sheen
Actor Ashton Kutcher was reported on Thursday to have signed a deal to replace Charlie Sheen in a revamped version of top-rated US television comedy "Two and A Half Men."
Power Finance share sale covered 3.6 times on day 3
State-run Power Finance Corporation's up to USD 1 billion share sale was covered 3.6 times on Thursday, the third day of the offer, stock exchange data showed.
State oil cos to get $4.5 bn extra cash subsidy: Srcs
The finance ministry will pay an additional USD 4.48 billion to compensate state refiners for selling fuel at subsidised rates in the fiscal year that ended March 31, a source at one of the firms said on Thursday.
Posco clearance under PMO pressure: PPSS
The Ministry of Environment and Forest (MoEF) headed by Jairam Ramesh had cleared the Posco project under pressure from the Prime Minister's Office (PMO) or Orissa Chief Minister Naveen Patnaik, anti-Posco agitators alleged on Friday.
2G: Former Telecom Secretary Behura moves bail plea
New Delhi, May 12 (PTI) Former Telecom Secretary Siddhartha Behura, accused in 2G spectrum allocation scam, today moved a bail application before a Delhi court saying the decisions regarding the changes in policies were taken prior to his joining the Department of Telecommunication.
Bihar govt helps PSU banks in loan recovery: Sushil Modi
The Bihar government is helping public sector banks in recovery of their outstanding loans to the people in the state, Deputy Chief Minister Sushil Kumar Modi said on Friday.
India announces aid package of $500m for Afghanistan
Prime Minister Manmohan Singh on Thursday announced a fresh Indian aid package of USD 500 million dollars for Afghanistan with focus on social sector, agriculture, capacity building and infrastructure projects.
Nifty likely to witness range of 5550-5425: Bhambwani
The coming session is likely to witness a resistance at the 5550 levels on advances. Support is likely at the 5425 levels below which the 5400 maybe seen.
Stocks in news: Hero Honda, Delta Corp, Siemens
Hero Honda | Monnet Ispat | Kemrock Industries | Adani Enterprise | Ranbaxy | Wockhardt | Hindusthan National Glass | Karur Vysya Bank | Delta Corp | Future Capital Holding | Indraprastha Medical | Siemens | MTNL | Coal India and Dr Reddy’s Labs are stocks, which are in the news today.
Ganeshaspeaks: Market prediction for May 13
9:45 to 11:00 is a highly unproductive time slot likely to cause a lot of confusion. Nifty may remain down.
Time to move some money to stocks from commodities
Commodities have lost their lustre for leading investment strategists on fears that global economic growth, particularly Chinese demand, may be lower than previously expected.
