Future Ventures India lists below issue price
After lukewarm response to the IPO, Future Ventures India's shares disappointed the street on Day 1 by listing below the issue price. A share opened at Rs 9, down 10% as compared to issue price of Rs 10 on the National Stock Exchange.
Ranbaxy looks negative: Astromoneyguru
Today Indian stock market may show mixed result buying interest is expected in oil and gas, paints while selling pressure is expected in pharma stocks.
Hindustan Unilever gains further ground
Hindustan Unilever (HUL) touched an intraday high of Rs 297.95 and an intraday low of Rs 287. At 09:28 hrs the share was quoting at Rs 296.65, up Rs 12.20, or 4.29%.
Microsoft near $8.5bn deal including debt for Skype: Source
Microsoft Corp is close to buying web video conferencing service Skype Technologies for USD 8.5 billion including debt, a source familiar with the situation said, in a deal which would rank as the biggest for the software company.
HOEC gains on better FY11 numbers
Hindustan Oil Exploration Company (HOEC) FY11 net sales were up 1.2 times at Rs 346 crore versus Rs 156 crore. Its PAT was up 86% at Rs 82 crore versus Rs 44 crore, reports CNBC-TV18. It touched an intraday high of Rs 197.20 and an intraday low of Rs 193.70. At 09:24 hrs the share was quoting at Rs 195.25, up Rs 4, or 2.09%.
Allied Digital hits 52-week low
Allied Digital Services touched a 52-week low of Rs 54.10. At 09:22 hrs the share was quoting at Rs 54.10, down Rs 6.00, or 9.98%.
Tamilnad Mercantile Bank may go for IPO
Tuticorin-headquartered Tamilnad Mercantile Bank is looking to list its shares, possibly after resolving some of the issues around shareholding and ownership.
SKS Microfinance bounces back
SKS Microfinance has bounced back today. At 09:18 hrs the share was quoting at Rs 292.35, up Rs 20.90, or 7.70% on the NSE.
Nifty volatile; HUL, Hindalco, Sterlite top gainers
Equity benchmarks were quiet in opening trade on Tuesday following lacklustre trade in Asian markets. Indices could be waiting for some major trigger for further direction like government policies, EGoM meet etc.
Power Finance follow on offer opens for subscription
The government’s first divestment of FY12, the follow-on-public offer (FPO) of Power Finance Corporation (PFC) has opened for subscription today.
Lifestyle, diet have little effect on Alzhiemer's
There is no strong evidence that any dietary or lifestyle changes can reduce a person's risk of developing Alzheimer's disease, a US government panel said on Monday.
Bristol Palin lands her own TV reality show
Single mom Bristol Palin has landed her own reality TV show, and producers say she will allow cameras "exclusive access" into her personal life for the first time.
Apple, Conde Nast reach 'New Yorker' iPad deal
Apple Inc and magazine publisher Conde Nast reached a deal to offer the New Yorker on the iPad device in the latest sign that relationships are improving between the technology company and content owners.
Innovative Spanish chef wins top US cooking award
Spanish chef Jose Andres, known for his innovative cooking and credited in popularizing tapas in America, won the award for outstanding US chef on Monday.
Musician John Walker of Walker Brothers dead at 67
John Walker, a member of the 1960s pop trio the Walker Brothers, has died in Los Angeles, a statement on his web site said.
Twitter brings world closer for Japan quake charity e-book
An avid Twitter user's desire to help Japan recover from the devastating March earthquake and tsunami has resulted in a charity e-book based on material gathered from around the world -- all within three days.
PFC eyes foray into banking services
State-run Power Finance Corporation is exploring opportunities for a formal entry into banking services, a senior company official said on Monday.
Saudi keeps oil supply steady ahead of OPEC meeting
Saudi Arabia will keep crude oil supplies in June unchanged from May, trade sources said on Monday, amid volatile prices and ahead of an OPEC meeting in June to review the producer group's supply policy.
Mundra Port earmarks Rs 3200cr to grow across India
Port operator Mundra Port and Special Economic Zone intends to invest as much as Rs 3,200 crore to expand port operations across India over the next two to three years, a senior official told Reuters.
CBI to complete 2G probe by July 31
The CBI will conclude in three months its probe in the 2G spectrum allocation scam and file two more charge sheets carrying names of alleged accused firms in the case.
Oil firms most at risk from UK Bribery Act: Study
Britain's Bribery Act, potentially the world's most draconian such law when it comes into force, will hit British-listed oil and gas companies the hardest, research by accountants Ernst & Young showed on Monday.
Asian income gulf shows economic model's flaws
Asia should have a smile on its face. The region's economy is displaying resilience in the teeth of a structural rise in oil and commodity prices. Overheating is a greater threat than a swoon in growth.
Jaguar Land Rover launches $1.67 bn senior notes offering
Jaguar Land Rover Plc, owned by Tata Motors, said on Monday it launched a 1 billion pound (USD 1.67 billion)-equivalent pound and dollar denominated senior notes offering and plans to partly use the proceeds to refinance debt.
Removal of priority status for NBFC loans won't impact
Country's largest commercial vehicle financing firm, Shriram Transport Finance Company (STFC), today said the RBI's recent decision to remove priority sector status for bank loans to non-banking finance companies would not make much impact on the company.
RBI to keep anti-inflation stance: Subbarao
India will keep up its anti-inflationary stance even if that means sacrificing growth in the short-term, the Reserve Bank of India (RBI) governor said on Monday.
