Hexaware board to consider bonus issue on Jan 11
Hexaware Technologies has board meeting on January 11 to consider bonus issue, reports CNBC-TV18. It touched a 52-week high of Rs 121. At 09:33 hrs the share was quoting at Rs 121, up Rs 4.70, or 4.04%.
Top 10 stocks Forbes India recommends to invest in 2011
Ten stocks that combine high growth potential, healthy profit margins and low price-to-earnings multiples
Harsh Agrwal: Indian firms can match up to MNCs
Emami' s Director tells Forbes india that losing the bid for Paras Pharma is not a setback.
Phone Review: Nokia N8
Nokia N8 may not be the perfect reply to its competition, but it’s a serious alternative.
Hyundai Motor eyes 10% rise in 2011 sales
South Korea's Hyundai Motor, the world's fifth-biggest automaker, aims to boost vehicle sales by 10% this year, but growth is seen easing from 2010's 24% expansion due to an uncertain global economic outlook.
Tata Power scraps fund-raising pact with PE firm
Tata Power Co said on Monday it had terminated an agreement to raise USD 300 million by issuing shares with differential rights in two of its special purpose vehicles to private-equity firm Olympus Capital Holdings Asia.
Indiabulls Financial sells 26% stake in ICEX; stock up 5%
Indiabulls Financial Services sold 26% stake in ICEX to Reliance Exchangenet, quoting Agencies, reports CNBC-TV18. It touched an intraday high of Rs 184.50 and an intraday low of Rs 175.15. At 09:30 hrs the share was quoting at Rs 182.70, up Rs 9.05, or 5.21%.
TVS Motor moves up smartly
TVS Motor Company touched an intraday high of Rs 74.50 and an intraday low of Rs 72. At 09:27 hrs the share was quoting at Rs 73.15, up Rs 2.50, or 3.54%.
SBI hikes base rate by 40 bps to 8%; stock gains
State Bank of India (SBI) has hiked base rate by 40 bps to 8% and BPLR by 25 bps to 12.75% effective January 3, reports CNBC-TV18. It touched an intraday high of Rs 2,846 and an intraday low of Rs 2,830.05. At 09:24 hrs the share was quoting at Rs 2,843.50, up Rs 32.45, or 1.15%.
News Roundup: Tata Autocomp Files For Rs 750Cr IPO
News Roundup: Tata Autocomp Files For Rs 750Cr IPO
Patni raises concern on iGATE deal; stock down
Patni Computer Systems board has raised concern on iGATE deal. The board is unhappy with iGATE’s 5-year strategy, quoting Sources, reports CNBC-TV18. It touched an intraday high of Rs 480 and an intraday low of Rs 451.20. At 09:18 hrs the share was quoting at Rs 462.50, down Rs 14, or 2.94% on the NSE.
Google exploring digital newsstand: Report
Google Inc has approached several magazine publishers about creating a digital newsstand, in a move that could open a new front in the Internet company's rivalry with Apple Inc, according to a news report.
Govt exploring capping FDI in drugmakers: Report
India is exploring a proposal to cap foreign direct investment in drugmakers at 49%, and make additional stakebuys subject to government approval, to head off foreign takeovers, the Mint reported on Monday.
Nifty begins year on positive note; Asian mkts support
The benchmark Nifty started the year 2011 on a positive note, led by buying in financial, auto, metal and realty stocks. Even midcaps and smallcaps followed the same trend. Asian markets were quite supportive in early trade today.
Strong support for Nifty seen at 6040: Nirmal Bang
Nirmal Bang has come out with a pre-market research report. The research firm says, strong support for Nifty is seen at 6,040 and resistance at 6,250 level.
Rupee to start up in 2011 tracking firm peers
The rupee is expected to start 2011 on a stronger note tracking gains in other regional peers and firm sharemarkets, but the dollar's firmness versus major currencies is seen limiting a sharp rise.
Rupee opens at 44.74 per dollar
The Indian rupee opened at 44.74 per dollar versus 44.70 Friday.
Expect rupee to open on a depreciating note: Karvy
Karvy Forex Research has come out with a research report on currencies. The reasearch firm expects Indian rupee to open on a depreciating note.
Money Market Operations as on December 31, 2010
Money Market Operations as on December 31, 2010
Apple wakes up to iPhone alarm glitch on New Year's
Apple Inc got a wake-up call on Sunday, as iPhone users complained the New Year got off to a slow start because built-in alarms on their phones failed to wake them.
Earnings will surprise positively in 2011: Raamdeo Agrawal
2011 is likely to be grinding year with modest results, says Raamdeo Agrawal of Motilal Oswal Securities.
Raise target for MSCI Asia by 20%: BoAML
The cyclical bull market in equities that began in March 2009 is not over yet, in our view, says Michael Hartnett of BoAML.
Banks hike rates, loans to cost more
This new year consumers will feel pinch of loans a little more harder as some of country’s largest lenders have hiked minimum rate of lending or the base rate effective from today.
Best ever calendar year performance for Hero Honda
Hero Honda sells a record 5 lakh units in December 2010. It also crossed the 5 million mark in the calendar year 2010. The total sales for Q3 in FY11 stands at 1.4 million units.
Keep an eye on Kalindee Rail Nirman: Astromoneyguru
As per astro economics fertilizer, capital goods, railway, engineering and automobile stocks may develop buying interest in Indian stock market, says Ajay Jain of www.astromoneyguru.com.
