Coal market eyes growing China, India demand
As China tries to cope with what may be its worst power shortage in years, coal demand from the world's biggest consumer is likely to take centre stage at one of Asia's largest coal industry gatherings in Indonesia next week.
S.Korea game developer Nexon seeks public listing
South Korean online game developer and supplier Nexon is planning an initial public offering, but the timing and value of the listing have not been determined, the company said on Friday.
Hong Kong artists revel in freedom to back Ai Weiwei
Ai Weiwei may be languishing in Chinese detention, but the influence of the prominent artist and social activist has permeated Hong Kong's burgeoning art scene, from glitzy art fairs to edgy street art.
Australia to crack down on live odds at sports events
Australia will crack down on bookmakers promoting live odds during sports broadcasts out of fears the practice is pushing youth and the vulnerable into gambling.
Jaguar Land Rover to source components from India - CEO
Jaguar Land Rover, a unit of Tata Motors, will source components from India, its Chief Executive Ralph Speth said on Friday.
Citi seeks to keep $1bn Lehman collateral
Citigroup Inc on Thursday sought to dismiss an effort by Lehman Brothers to recover USD 1 billion in collateral that the investment bank was forced to post when it was teetering on bankruptcy in the fall of 2008.
Fresenius Kabi to enter R&D pact; stock gains 4.8%
Fresenius Kabi Oncology is going to enter R&D pact with Fresenius Kabi Germany. The company is going to sell entire stake in UK arm, reports CNBC-TV18. It touched an intraday high of Rs 117 and an intraday low of Rs 108.55. At 12:47 hrs the share was quoting at Rs 116.70, up Rs 5.40, or 4.85%.
Tata Motors slides on concerns over standalone growth
Tata Motors slumped over 5% Friday as investors dumped shares on disappointing standalone results and concerns over domestic growth in the current fiscal.
Crude palm oil futures up on global cues
Crude palm oil futures prices rose for the second straight day by adding Rs 5.70 to Rs 534.40 per 10 kg today as speculators enlarged their positions
on the back of a rising trend at spot market.
Sensex surges; Hindalco, Rel Comm top gainers
The market witnessed smart moves and showing no sign of weakness. Strong buying emerges from bank, oil & gas, realty and metal stocks while auto stocks were trading in negative terrain.
Reliance Industries looks good for trading: Seth
Reliance Industries is looking good for trading, says Prashastha Seth, Senior VP, IIFL Private Wealth.
Reliance Power Q4 net profit up at Rs 186.6cr
Reliance Power has declared its FY11 results. Its consolidated net profit was up at Rs 760 crore versus Rs 684 crore.
Court holds order on ex-Telco secretary's bail plea
A Delhi court today reserved its order on the bail plea of former Telecom Secretary Siddhartha Behura, an accused in the 2G spectrum case. "Put up for order on June 3," Special CBI Judge O P Saini said after the arguments on Behura's bail plea were concluded.
CLSA lowers Tata Motors to outperform; cuts price target
CLSA on Friday downgraded Indian automaker Tata Motors to outperform from buy and cut its price target to Rs 1,320 from Rs 1,500, citing lower India volumes and margins.
ICRA Research update on performance of ABS transactions
ICRA Research releases an update on the performance of ABS transactions.
Crompton Greaves buys US based QEI for $30m
Electrical appliances and capital goods maker Crompton Greaves said on Friday it had acquired US-based QEI Inc for about USD 30 million.
Educomp to raise funds via overseas issue; stock rises 2%
Educomp Solutions is looking to raise funds via overseas issue, reports CNBC-TV18, quoting Sources. It touched an intraday high of Rs 445 and an intraday low of Rs 437. At 12:15 hrs the share was quoting at Rs 444, up Rs 9.45, or 2.17%.
BHEL develops India's 1st ultra high voltage transformer
State-run BHEL today said it has developed and tested India's first very high voltage transformer to be supplied to the central transmission utility PowerGrid Corporation.
Asif Balwa can't be allowed to use iPad: Jail authorities
The city government and Tihar Jail authorities on Friday told the Delhi High court that Asif Balwa, an accused in the 2G spectrum case, cannot be allowed to use iPad in jail.
US-India Homeland Security dialogue begins
The first US-India Homeland Security dialogue began here on Friday during which Home Minister P Chidambaram and his American counterpart Janet Napolitano deliberated on issues like mutual assistance in probes like the Mumbai terror attacks and counter-terrorism.
Mukand Engineers declares dividend at Rs 1.50 per share
Mukand Engineers at their meeting held on May 26, 2011 has declared dividend at Rs 1.50 per share.
Rupee gains 12 paise versus dollar
The Indian rupee gained another 12 paise to Rs 45.18 per US dollar in early trade on Friday on sustained selling of dollars by banks and exporters amid dollar weakness overseas and firm domestic equity markets.
Unitech Q4 net profit seen up at Rs 145.7 cr
Unitech is to annouce its fourth quarter results. According to CNBC-TV18's estimates, the company's Q4 revenues are seen up at Rs 759.34 crore versus Rs 659.79 crore.
Varun Shipping declares dividend at Re 0.80 per share
Varun Shipping at their meeting held on May 26, 2011 has declared dividend at Re 0.80 per share.
Gujarat State Petronet declares dividend at Re 1 per share
Gujarat State Petronet at its meeting held on May 26, 2011 has declared dividend at Re 1 per share of Rs 10 each for the financial year 2010-11.
