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Praj Industries gains 6.7%

Praj Industries touched an intraday high of Rs 82 and an intraday low of Rs 74.55. At 15:27 hrs the share was quoting at Rs 81.20, up Rs 5.10, or 6.70%.

Motherson Sumi qtr PAT seen up 15.9% at Rs 86.8cr: Angel

Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended December 2010. According to the research firm, Motherson Sumi December quarter sales are expected to go up by 10.8% to Rs 1975 crore, Year-on-Year, (Y-o-Y) basis.

India mulls solution to Iran oil payments: finmin official

India is looking at making payments to Iran for oil shipments through the yen, euro and dirham currencies, R Gopalan, secretary of financial services in India's finance ministry, told reporters on Tuesday.

Portugal's finance minister sees no need for bailout

Portugal has no plans to seek a bailout from the EU and IMF, and the government is doing everything possible to avoid doing so, Finance Minister Fernando Teixeira dos Santos said.

Allied Digital in JV with Singapore firm

Mid size IT firm Allied Digital Services Ltd said on Tuesday it has entered into a joint venture (JV) with Singapore-based e-Cop to increase its presence in the managed security services market.

India's 2010 auto sales up 31%, seen slowing

Car sales in India grew nearly 29% in December, driven by a burgeoning middle class and easier access to loans in Asia's third-largest economy, but analysts cautioned a slowdown amid a likely hike in interest rates, rising fuel prices and higher costs of vehicles in 2011.

Aurobindo to cut stake in China JV

Indian drugmaker Aurobindo Pharma said on Tuesday it has signed a definitive agreement to divest 51% stake in its Chinese joint venture.

Reliance Industries D6 block capacity falls to 52-53 mmscmd

Reliance Industries has a current gas output capacity of 52-53 mn metric standard cubic metres a day (mmscmd) at its D6 block in Krishna-Godavari basin, head of India's upstream regulator said, lower than 60 mmscmd seen in last October.

FAG Bearing qtr PAT seen up 98.7% at Rs 32.7cr: Angel

Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended December 2010. According to the research firm, FAG Bearing December quarter sales are expected to go up by 27.9% to Rs 277 crore, Year-on-Year, (Y-o-Y) basis.

Exide Industries qtr PAT seen up 15.4% at Rs 150.6cr: Angel

Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended December 2010. According to the research firm, Exide Industries December quarter sales are expected to go up by 27.2% to Rs 1160 crore, Year-on-Year, (Y-o-Y) basis.

Don't short BHEL: Monal Desai

Don't short BHEL, says Monal Desai, VP Head Institutions Derivatives, Prabhudas Lilladher.

Bosch qtr PAT seen up 32.7% at Rs 210cr: Angel

Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended December 2010. According to the research firm, Bosch December quarter sales are expected to go up by 30.8% to Rs 1724 crore, Year-on-Year, (Y-o-Y) basis.

Bharat Forge qtr PAT seen up 79.4% at Rs 68.1cr: Angel

Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended December 2010. According to the research firm, Bharat Forge December quarter sales are expected to go up by 44% to Rs 714 crore, Year-on-Year, (Y-o-Y) basis.

Automotive Axles qtr PAT seen up 53.9% at Rs 9.9cr: Angel

Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended December 2010. According to the research firm, Automotive Axles December quarter sales are expected to go up by 28.4% to Rs 175 crore, Year-on-Year, (Y-o-Y) basis.

Nifty tests 5700; RIL, TCS, Infy, Bharti, ITC, HUL slip

At 15:05 hours IST - equity benchmarks erased all their gains seen in first half of trade on back of sell-off in heavyweights. The Nifty shed more than 140 points from day's high to test 5700 level while the Sensex wiped out over 400 points from day's high.

TCS slips further

Tata Consultancy Services (TCS) touched an intraday high of Rs 1,135 and an intraday low of Rs 1,090. At 15:06 hrs the share was quoting at Rs 1,090, down Rs 38.50, or 3.41%.

SKS Microfin to reduce interest rate to 24.55%

SKS Microfinance Limited has announced about a planned move to reduce interest rates to 24.55% across India.

JP Associates touches 52-week low

Jaiprakash Associates touched a 52-week low of Rs 93.25. At 15:04 hrs the share was quoting at Rs 94.10, down Rs 3.30, or 3.39%.

Suzlon Energy top loser on Nifty

Suzlon Energy was the top loser on the Nifty. It touched an intraday high of Rs 50.45 and an intraday low of Rs 46.35. At 15:04 hrs the share was quoting at Rs 46.90, down Rs 2.55, or 5.16%.

ADC India Communications declares dividend at 15%

ADC India Communications at its meeting held on November 17, 2010 has declared dividend at 15% for the year 2010.

VTM declares interim dividend at Rs 2.70 per share

VTM at its meeting held on January 11, 2011 has declared interim dividend at Rs 2.70 per equity share, for the financial year 2010-11.

JK Lakshmi Dec qtr PAT seen dn 65% at Rs 16 cr: Angel

Angel Broking has come out with its earning estimates on Cement sector for the quarter ended December 2010. According to the research firm, JK Lakshmi quarter sales are expected to go down by 8.7% at Rs 332 crore, Year-on-Year, (YoY) basis.

Bessemer Promotes Two India VPs To Partners

US-based investment firm Bessemer Venture Partners (BVP) has promoted two India vice-presidents to partners effective January 1, 2011. The two VPs, Subramanya (Subu) SV and Siddharth Nautiyal, are based out of its Mumbai office.

Hindustan Zinc to consider sub-division of shares

Hindustan Zinc has its Board Meeting on January 19, 2011 to consider sub-division of shares and issue bonus shares.