Rhc Finance buys 26.91 Lk shares of Religare Enterp
On January 05, 2011 Rhc Finance Private Limited bought 1,343,897 shares of Religare Enterprises at Rs 456 on the NSE and bought 1,347,556 shares at Rs 456 on the BSE. Yesterday the share closed at Rs 465.20.
Cinnamon Capital sells 31 lakh shares of PNB
On January 05, 2011 Cinnamon Capital Limited sold 3,121,156 shares of PNB at Rs 1,330 on the BSE. However, Lam Llc A/c Cimco Inc bought 3,410,501 shares at Rs 1,329.93. Yesterday the share closed at Rs 1,202.55.
LinkedIn plans to go public in 2011
LinkedIn, the social networking site for professionals, plans to go public in 2011 and has selected its financial underwriters, three sources familiar with the process told Reuters.
Norges Bank buys 1.4 cr shares of Lanco Infratech
On January 05, 2011 Norges Bank On Account Of Government Petroleum Fund bought 14,000,000 shares of Lanco Infratech at Rs 64 on the BSE. Yesterday the share closed at Rs 62.35.
Jayshree Chem commissions plant ahead of schedule; stk up
Jayshree Chemicals has commissioned plant ahead of schedule with investment of Rs 150 crore, reports CNBC-TV18. It touched an intraday high of Rs 15.40 and an intraday low of Rs 15. At 09:36 hrs the share was quoting at Rs 15.03, up Rs 0.90, or 6.37%.
Pranab Datta: Read, to lead right
Knight Frank India MD, Pranab Datta, advises to prefer books that have examples validated by experience
Fixed Income: The 3 'I's of investing
Inflation, interest rates and illiquidity make fixed income an attractive option in the New Year
HDIL sells Andheri plot for Rs 800 cr; stock gains
Housing Development and Infrastructure (HDIL) has sold Andheri plot to Kanakia’s for Rs 800 crore, reports The Times of India. It touched an intraday high of Rs 191 and an intraday low of Rs 187.55. At 09:30 hrs the share was quoting at Rs 187.70, up Rs 2.35, or 1.27%.
Unity Infra up on bagging orders worth Rs 122cr
Unity Infraprojects has bagged orders worth Rs 122 crore, reports CNBC-TV18. It touched an intraday high of Rs 108 and an intraday low of Rs 104.65. At 09:26 hrs the share was quoting at Rs 105.25, up Rs 2.95, or 2.88%.
No decision on urea decontrol; fertiliser stocks slip
The urea policy has been kept unchanged as of now, said fertiliser secretary S Behuria. "The department would form a committee to look into nutrient-based subsidy (NBS) for urea and on the recommendations made by the committee, the GoM will decide on the policy," he added.
Telenor sees India row harming business
Norway's Telenor fears that a telecom corruption scandal rocking India may damage its fledging mobile operations there and says a USD 6 billion expansion deal by partly-owned Vimpelcom carries too much uncertainty.
Nifty volatile after initial surge; ONGC, L&T, Sterlite dip
The benchmark Nifty bounced back with 35 points gain in early trade after seeing a fall of 67 points on Wednesday. But that could not sustain for long; indices immediately erased those gains and turned volatile.
CNBC TV-18 OVERDRIVE Awards 2011
The 11th edition of India’s most authoritative Automobile Awards – CNBC TV-18 OVERDRIVE Awards 2011 was a grand event with the top notch people of the automotive fraternity gracing the occasion.
Expect Sensex earnings to grow at 20.7%: Kotak Inst
We expect Sensex earnings to grow at 20.7% YoY in Q3FY11 led by automobiles, banking, metals and property stocks even as cement, sugar, telecom and utility stocks are likely to weigh down earnings.
Rupee opens at 45.40 per dollar
The Indian rupee opened at 45.40 per dollar versus 45.33 yesterday.
Money Market Operations as on January 05, 2011
Money Market Operations as on January 05, 2011
Expect 20.6% EPS growth in FY12: BNP Paribas
Our Sensex target at 23,900 implies a 1-year forward PE of 16.6x at the end of 2011, same as now, says Manishi Raychaudhuri of BNP Paribas.
News Roundup: Karbonn Mobiles In Talks With PEs
Bangalore based-mobile handset brand Karbonn Mobiles is in preliminary talks with private equity players to raise funds to the tune of $50 million (Rs 230 crore).
MMTC looks positive: Astromoneyguru
As per astro economics today banking, infrastructure, cement and educations sectors may do well today, says Ajay Jain of astromoneyguru.
Mkt to show new direction only after Jan 8: Astroprofit
Moon is transiting over the Capricorn sign. Sun, Mars and Rahu are posited in Sagittarius sign. Saturn is in Virgo sign.
Nvidia challenges Intel with PC central processors
Graphics chip designer Nvidia Corp said it will begin designing central processors for personal computers, pushing back against growing pressure from Intel Corp.
Oil holds above $90, looks to US employment
Oil held above USD 90 on Thursday as upbeat private US payroll data helped markets recover from a mid-week slump on expectations for a sustained economic recovery at the world's top crude consuming nation.
BofA to roll out new accounts, fees in 2011
Bank of America Corp, scrambling to regain revenue lost from new regulations, plans to start charging fees on new types of accounts to be introduced in the second half of 2011.
Goldman planning to end Facebook solicitation: Report
Interest in Facebook shares is so strong that Goldman Sachs Group Inc plans to stop soliciting interest from potential investors on Thursday, the Wall Street Journal reported, citing people familiar with the situation.
Gold falls on upbeat jobs data but ends off lows
Gold fell on Wednesday as the dollar surged and strong US private-sector jobs data dented safe-haven buying, but bullion ended off its lows as commodities rebounded on an improving economic outlook.
