India may throw Montek hat in the ring for IMF's top job
Amid the chorus that the next IMF chief should come from an emerging economy, India today said it is watching the situation even as the country's likely candidate Montek Singh Ahluwalia said it is for the government to take a view on the issue.
BofA-Merrill cuts L&T target price
Bank of America-Merrill Lynch cut its target price on Indian engineering and construction conglomerate Larsen & Toubro after the company warned tough competition and rising costs would crimp margins from revenue seen growing by a quarter this year.
WWIL puts on a good show
Wire and Wireless (India) (WWIL) touched an intraday high of Rs 8.90 and an intraday low of Rs 8.37. At 09:47 hrs the share was quoting at Rs 8.68, up Rs 0.40, or 4.83%.
L&T top gainer on Sensex
Larsen and Toubro (L&T) was the top gainer on the Sensex. It touched an intraday high of Rs 1,657.10 and an intraday low of Rs 1,613. At 09:45 hrs the share was quoting at Rs 1,647.70, up Rs 52.80, or 3.31%.
IMF comes out with a new code of conduct
The IMF has came out with a new code of conduct for its employees, both management and staff, along with a warning that strict disciplinary action would be taken if there was any violation of this code.
Letter From The Editor: The Defining Debates
We’ve just turned two. This edition, specially crafted for you, dear readers, is our way of saying thank you. When we started on this journey in May ’09, our mission was to create a reading experience that puts back the magic into magazine journalism.
We need a new view at the top: Sudhir Trehan
Sudhir Trehan, outgoing managing director of Avantha Group company Crompton Greaves, tells Forbes India that CG still operates the Indian way in India and the European way in Europe
Arvind board to consider various fund raising options
Arvind board will meet and consider various fund raising options for an amount up to Rs 300 crore, reports CNBC-TV18. It touched an intraday high of Rs 72.70 and an intraday low of Rs 71.45. At 09:29 hrs the share was quoting at Rs 72.50, up Rs 1.65, or 2.33%.
Crompton Greaves buys Sweden-based Emotron Group; stock up
Crompton Greaves has bought Sweden-based Emotron Group for 57.8 m Euros, reports CNBC-TV18. It touched an intraday high of Rs 243.65 and an intraday low of Rs 241. At 09:27 hrs the share was quoting at Rs 243.25, up Rs 4.80, or 2.01%.
Tata Power okays 10:1 stock split, stock gains
Tata Power Company has okayed stock split in 10-for-1 ratio, reports CNBC-TV18. It touched an intraday high of Rs 1,237 and an intraday low of Rs 1,224.45. At 09:24 hrs the share was quoting at Rs 1,232, up Rs 14.75, or 1.21%.
Gammon Infra board approves proposal of rights issue
Gammon Infrastructure Projects board has approved the proposal of rights issue up to Rs 200 crore, reports CNBC-TV18. It touched an intraday high of Rs 18.80 and an intraday low of Rs 18. At 09:21 hrs the share was quoting at Rs 18.55, up Rs 0.70, or 3.92%.
Dabur plans 3 new plants overseas; FY12 capex at Rs 200cr
Dabur will invest up to Rs 200 crore this fiscal to expand operations, which will include setting up three new factories overseas by next year, reports The Economic Times.
Vakrangee Software bags UID enrollment project; stock up 8%
Vakrangee Software has bagged the UID enrollment project from Union Bank of India with approximate revenue to achieve Rs 1500 cr from the UID enrollment, reports CNBC-TV18. It touched an intraday high of Rs 389.75 and an intraday low of Rs 363. At 09:18 hrs the share was quoting at Rs 382.65, up Rs 31.05, or 8.83%.
Sensex up 200 pts; L&T, Ashok Leyland see follow up buying
The Indian markets opened on a quiet note. The benchmark index Nifty was marching towards 5450 mark. Larsen continues its dream run after surprising streets with margin picture. The broader indices too were trading marginally in green
Wall Street hits resistance; LinkedIn soars in debut
The doubling of LinkedIn's shares in its market debut on Thursday dominated the stock market in an otherwise lackluster session in which equities rebounded from recent losses.
Pharma to outperform: Astrostocktips
Pharma, Paints and Capital Goods wiil get astrological support, says Satish Gupta of astrostocktips.
IMF board to meet on Strauss-Kahn successor
Acting IMF chief John Lipsky said the Fund's executive board would meet later today to launch the search for a successor to managing director Dominique Strauss-Kahn, who resigned to face sex charges.
Rupee opens at 44.94 per dollar
The Indian rupee opened at 44.94 per dollar versus 44.97 yesterday.
Earthquake hits western Turkey; 2 dead
A 5.9-magnitude earthquake rocked western Turkey, shattering windows, damaging old buildings in one town and killing two people, authorities said.
HPCL for short term trading: 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.
IMF`s Strauss-Kahn resigns; Baltic Dry Index up 4.5%
Global Cues for Friday Morning: US markets end marginally high amid mixed economic data. IMF's Strauss-Kahn resigns.
Nifty may rally up to 5450-5472: Angel
According to a report by Angel Broking, if Nifty trades above 5431 during the first half-an-hour of trade then we may witness a further rally up to 5450-5472 levels.
IRB Infra Q4 PAT seen down 17% at Rs 117 cr
IRB Infra is going to announces its Q4FY11 consolidated results. The company’s Q4 net sales are seen up 62% at Rs.811 crore versus Rs 502 crore.0
'Dead Reckoning' remains on top of best-sellers list
Dead Reckoning retained the top spot on Publishers Weekly best-sellers list on Thursday for the second week.
Titanic to be released in 3D in theaters worldwide
The acclaimed Hollywood epic Titanic, will hit movie theaters worldwide in a 3D version next year, Hollywood studios and its director James Cameron said on Thursday.
