RBI to raise key rates by 25 bps on January 25: Poll
Analysts expect the Reserve Bank of India (RBI) to raise key rates by only 25 basis points on January 25 despite sticky inflation, as a slump in industrial production growth suggests some risks to economic momentum still exist.
FMCG earnings under pressure, volumes to steer growth
Indian mid-cap consumer good firms are expected to see volume growth steer earnings in the December quarter, as margins remain under strain due to mounting input costs and rising competition erodes pricing power.
Nokia's market share troubles to hit profits
Nokia is expected to report its third profit fall in a row as the mobile phone company struggles to compete against high-end smartphones of Apple and Samsung, while also losing share at the cheaper end of the market.
Pakistani millers oppose import of Indian sugar
Pakistani millers oppose sugar imports from India because of fears New Delhi may dump surplus product and hurt the domestic industry, an industry official said on Wednesday.
Kashimiri author writes exile odyssey: Book Talk
Once the backdrop of romantic Bollywood movies in the 1960s and 1970s, Kashmir's idyllic image has darkened since a separatist rebellion broke out two decades ago, forcing many into exile from a beloved homeland.
Cartier, Montblanc ready for price hikes in 2011
Jewellers and watchmakers Cartier and Montblanc are preparing themselves for further price increases in 2011 to reflect rising precious metals prices and currency fluctuations, their heads said on Tuesday.
PM rejigs Cabinet; Jaypal Reddy takes over Oil Min
Prime Minister Manmohan Singh's Cabinet reshuffle falls short of expectations as no minister has been dropped only the portfolios of some of them have been changed.
Wipro Q3 net profit seen up at Rs 1318.3 cr
India's third largest IT services exporter Wipro is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected to go up at Rs 1,318.3 crore as against Rs 1,276 crore, on quarter-on-quarter basis.
Second Liquidity Adjustment Facility : Auction Results
Second Liquidity Adjustment Facility : Auction Results
Nifty below 5700: What strategy you should adopt?
It was an extremely disappointing session on Dalal Street. After a sluggish start, the indices witnessed a sharp fall in late trade & never really recovered. At closing bell, the Nifty stood at 5,691, down 33 points, while the Sensex closed below the 19,000-mark, with a 113 point cut.
PE-backed Tikona acquires HCL Infosystems arm
Tikona Digital Networks Pvt. Ltd, a wireless broadband service provider backed by private equity firms, is acquiring the networking services arm of the HCL Group.
Fortnightly outlook for currencies
The rupee traded in the range of 45.00-45.50 against the US dollar in the fortnight gone by. There was considerable debt-related inflow, which lent good support to the rupee towards the end of the fortnight.
Komli Media raises $15 mn in Norwest-Led Round
Online ad network and audience measurement provider Komli Media has raised USD 15 million in a funding round led by Norwest Venture Partners.
Technical outlook for the fortnight
Traders and investors should pick individual stocks within sectors that are likely to post good earnings while keeping the growth momentum intact.
LIC Housing Finance Q3 net profit up 38.3% at Rs 213 cr
LIC Housing Finance has announced its results for the quarter ended December 2010. It has reported net profit at Rs 213 crore as against Rs 154 crore (YoY).
Transasia Biomedicals buys Turkish diagnostic firm
Suresh Vazirani–led Transasia Bio-Medicals Ltd, which provides solutions for clinical diagnosis, has acquired Turkish firm Diasis Diagnostic Systems, an in vitro diagnostics player, for an undisclosed amount.
Shree Ganesh Jewellery revenues up 98.88% to Rs 41467 mn
Shree Ganesh Jewellery House revenues up 98.88% to Rs 41467 million; PAT up by 82.70% to Rs. 2162 million
Bear of the Day: Stock that went down 45% in 15 days
SE Investments plunged 8.46% or Rs 1.90 to close at Rs 20.55. It touched an intraday high of Rs 22.25 and an intraday low of Rs 20.05. There were pending buy orders of 450 shares, with no sellers available. The total traded volumes were of 650,890 shares. The share was down 45% in last 15 days.
Manipal Group CEO on TutorVista exit, future plans
The TMA Pai-family owned Manipal Education & Medical Group, which straddles the domains of healthcare and education, is also an active strategic investor betting on seasoned entrepreneurs.
iGate Q4 tops Wall Street estimates on strong margins
Software company iGate, which recently sealed a USD 1.2 billion deal to acquire a majority stake in Patni Computer Systems, reported quarterly results that topped Wall Street expectations, helped by strong margins.
Food inflation puts squeeze on RBI
Last year, lentils and sugar pushed up food prices in India. Now the surging cost of onions, tomatoes and edible oils is driving broader inflation.
Bandyopadhyay bullish on TCS
Sudip Bandyopadhyay, MD & CEO, Convexity Solutions is bullish on TCS.
Bajaj Holdings Q3 cons net profit up at Rs 501 cr
Bajaj Holdings & Invstment has announced its third quarter results. The company's Q3 consolidated net sales were up at Rs 264.9 crore versus Rs 132.8 crore, year-on-year, YoY.
Buy NIIT Technologies; target of Rs 300: PINC Research
PINC Research is bullish on NIIT Technologies and has recommended buy rating on the stock with a target of Rs 300 in its January 19, 2011 research report.
RBI names Anand Sinha as new deputy governor
Reserve Bank of India (RBI) said on Wednesday Anand Sinha has taken over as the new deputy governor of the bank until Feb. 28, 2013.
