latest news

HUL touches 52-week high

Hindustan Unilever (HUL) touched a 52-week high of Rs 329.45. At 14:42 hrs the share was quoting at Rs 327.20, up Rs 14.10, or 4.50%.

Electrotherm Chooses Microsoft To Enhance Productivity

Electrotherm has announced the deployment of several IT solutions from Microsoft to ensure a transition to the next level of productivity and growth.

Buy Tata Steel; target of Rs 1017: Motilal Oswal

Motilal Oswal is bullish on Tata Steel and has recommended buy rating on the stock with a target of Rs 1017 in its January 3, 2011 research report.

Nifty choppy; RIL, ITC, HUL, NTPC, Infy gain further

At 14:14 hours IST - the 50-share NSE Nifty rebounded in afternoon trade, especially due to further buying in heavyweight Reliance Industries followed by FMCG, technology, power, healthcare and select metal companies' shares.

Govt seeks French partners to build motorways

The government would like French companies to help develop its fast-growing motorway network, minister for road transport Kamal Nath said in an interview with French daily Le Figaro published on Tuesday.

India investigating Kraft for possible tax evasion

India's ministry of finance is investigating whether Kraft Foods evaded taxes in its USD 19 billion takeover of Cadbury last year, the New York Times Dealbook reported on Monday.

Eleven stocks to be shifted to trade-for-trade

The National Stock Exchange (NSE) will be shifting 11 stocks from rolling segment (series: EQ) to trade for trade segment (series: BE) with a price band of 5% with effect from January 07, 2011 (Friday).

ONGC, GAIL agree to reinforce ties in areas of Natural Gas and Petrochemicals

ONGC and GAIL has agreed to reinforce ties in areas of Natural Gas and Petrochemicals.

Raj Rayon allots 1 cr warrants with convertible option on preferential basis

Raj Rayon Industries has allotted 1 crore warrants with convertible option on preferential basis.

Union Bank of India’s business crosses Rs 3.20 lakh crore

Union Bank of India’s business has crossed Rs 3.20 lakh crore.

Balkrishna Industries repaid 4.5% Foreign Currency Convertible Bonds

Balkrishna Industries has repaid 4.5% FCCB ('Series B') of USD 22 million along with redemption premium due thereon on due date December 30, 2010.

Toshiba Launches Tablet To Challenge iPad

Toshiba Corp is making its foray into the tablet war, offering a 10-inch device it says will be comparable in price to Apple's iPad.

2000 July Money Multiplier Bond Rs 5000 of ICICI Bank to be suspend

2000 July Money Multiplier Bond Rs 5000 (Symbol - ICICI0800, Series- N7) of ICICI Bk shall be suspended w.e.f. Jan 27 on account of final redemption.

Rebound in Dec automobile sales: Way2Wealth

Way2Wealth has come out with a report on automobile sales for December. The research firm says, clear outperformers were TVS Motor, Hero Honda, Mahindra and Mahindra and Tata Motors. Bajaj Auto was an under-performer.

RBI Reference Rate for US $ and Euro

RBI Reference Rate for US $ and Euro

Nifty in narrow range; RIL, ITC, NTPC, HUL, Infy, Cairn up

At 12:54 hours IST - equity benchmarks were consolidating at around yesterday's closing values after seeing rally in previous four sessions. The Nifty was trading in a narrow range of 6125-6160, with a negative bias.

GE Shipping to raise Rs 100 crore via bonds

Great Eastern Shipping Co expects to raise Rs 100 crore via issue of 12-year bonds by the end of this week, a senior official said.

Karvy Stock Broking remains positive on Infrastructure

Karvy Stock Broking has come out with its report on infrastructure sector. The research firm, remain positive on the growth prospects of the sector; top picks in the sector are GMR Infra (based on attractive valuation) and IVRCL Infra (result outperformer).

Imported onions rot at Mumbai port, prices soar

Even as soaring onion prices are bringing tears to the common man, government apathy is not helping matters.

Japan stocks lead Asia on signs of US recovery

Japanese stocks led Asian equities higher, climbing to their highest since May, and oil prices were perched near a 27-month high on Tuesday, with investors betting the improving US recovery may be reflected in jobs data later in the week.

Champion Wickmayer overcomes Safina in Auckland

Belgium's Yanina Wickmayer began the defence of her Auckland Classic title with a enthralling, hard-fought 6-3 6-7 6-1 first-round victory over former world number one Dinara Safina on Tuesday.

England rack up runs after skittling Aussies

England's openers Andrew Strauss and Alastair Cook reached 73 without loss at tea after Australia were dismissed for 280 on the second day of the fifth Ashes test at the Sydney Cricket Ground on Tuesday.

Buy Thermax; target of Rs 925: IIFL

IIFL is bullish on Thermax and has recommended buy rating on the stock with a target of Rs 925 in its January 4, 2011 research report.

How to deal with the unexpected?

The last year has wrecked the markets in more than one way, first the LIC housing scam crawled out, which hammered LIC housing finance alongside a host of realty stocks.