iGATE open offer for Patni to start on Mar 4; stk down
Patni Computer Systems touched an intraday high of Rs 471 and an intraday low of Rs 455.60. At 09:30 hrs the share was quoting at Rs 456, down Rs 7.85, or 1.69%. iGATE open offer for the company will start on March 4 and close on March 23, quoting NewsWire18, reports CNBC-TV18.
BHEL to get Rs 6100cr orders; stock up 3%
Bharat Heavy Electricals (BHEL) touched an intraday high of Rs 2,257 and an intraday low of Rs 2,195. At 09:24 hrs the share was quoting at Rs 2,248.45, up Rs 66.95, or 3.07%. According to Sources, the company will get Rs 6,100 crore orders from Rajasthan state company, quoting NewsWire18, reports CNBC-TV18.
News Roundup: Piramal May Buy Majority Stake in Hind Dorr
Piramal Group is close to buying a majority stake in Hind Dorr. Piramal Group is close to buying IVRCL’s entire 55% stake in Hind Dorr, which is currently valued at Rs 440 crore.
Nagarjuna Fert to demerge oil operations; stk rises 2%
Nagarjuna Fertilisers and Chemicals has okayed oil operations demerger into Nagarjuna Oil Refinery, reports CNBC-TV18. It touched an intraday high of Rs 30.50 and an intraday low of Rs 30.05. At 09:20 hrs the share was quoting at Rs 30.35, up Rs 0.65, or 2.19%.
Hexaware board approves 1:1 bonus share; stock gains
Hexaware Technologies board has approved 1:1 bonus share issue. Also they are going to pay Rs 1 per share special interim dividend, reports CNBC-TV18. It touched an intraday high of Rs 124.70 and an intraday low of Rs 118.50. At 09:18 hrs the share was quoting at Rs 119.90, up Rs 2.40, or 2.04% on the NSE.
Nifty hits 5800 on short covering; BHEL, Hindalco, SBI up
The benchmark Nifty clawed back above 5800 level in early trade on Tuesday, after heavy sell-off seen in previous five sessions. Metal, auto, banking and infrastructure companies' shares were seeing short covering.
Personal care, paints to outperform: Astrostocktips
Personal care and paints following sectors will be receiving astrological support, says Satish Gupta of astrostocktips.
ACC looks positive: Astromoneyguru
Today real state, fertilizer, railways stocks should be kept under observations.
Groupon Raises $950M In Financing
Web advertising firm Groupon Inc, announced on Monday that it has completed a $950 million round of financing.
Rupee opens at 45.39 per dollar
The Indian rupee opened at 45.39 per dollar versus 45.44 yesterday.
Money Market Operations as on January 10, 2011
Money Market Operations as on January 10, 2011
Pre-credit policy meeting today
The Reserve Bank of India (RBI) will be holding the pre-credit policy meeting today. Bankers are likely to seek some relief from the RBI to cool off inflation, reports CNBC-TV18.
Expect monetary tightening to continue: JPMorgan
Indian equities are likely to grind higher over 2011 and we have set a Dec 2011 fair value target of 23,500 for the Sensex implying 17% upside potential from current levels, says Bharat Iyer of JPMorgan.
Expect rangebound markets of 2010 continuing: DSPML
Index returns are likely to be single digit in 2011. We have set a Sensex target of 21750, says Jyotivardhan Jaipuria of DSPML.
Power Finance FPO likely early next fiscal
State-owned Power Finance Corporation is likely to come out with its follow-on public offering early next fiscal, Government officials said.
Pope urges Pakistan to repeal blasphemy law
Pope Benedict called on Monday for Pakistan to repeal its anti-blasphemy law and demanded that governments in predominantly Muslim countries do much more to protect minority Christians from violent attacks.
Babel charged for mocking referee on Twitter
The Football Association (FA) charged Liverpool's Ryan Babel with improper conduct on Monday for posting a mocked-up picture of referee Howard Webb on Twitter after a weekend FA Cup defeat by Manchester United.
Wall St down as Portugal weighs; Alcoa on tap
US stocks lost ground on Monday, with the Dow and S&P 500 heading for a third straight session of losses, as a once-buoyant market sagged at the start of the earnings season.
Microsoft exodus continues, server unit head to leave
The head of Microsoft Corp's third-largest unit is to leave this summer, marking the latest high-level departure from the world's largest software company, which has seen its leadership of the technology sector fade over the past decade.
Jindal to invest $280 mn in Bolivia iron ore project
Jindal Steel and Power will invest USD 280 million this year to start work on an iron ore and steel project in Bolivia that has been plagued by delays, the company's managing director said on Monday.
William and Kate London wedding tour a German hit
A new tour package of London is offering a glimpse of the royal wedding experience for swooning German girls left inconsolable by the engagement of Britain's Prince William to Kate Middleton last year.
Angela Merkel says not pushing Portugal into EU rescue
German Chancellor Angela Merkel said on Monday that Germany is not trying to goad Portugal into accepting a European Union bailout and would not do so in the future either.
MJ fans mostly mum at doctor's hearing
A plane flying a banner with a photo of Michael Jackson on Monday soared above the court where his ex-doctor stands accused of involuntary manslaughter, and the message with the picture was blunt: "Change charges to murder."
Toyota unveils extended Prius hybrid family: AUTOSHOW
Toyota Motor Corp unveiled a family of Prius cars with two new additions to the lineup as it aims to build the iconic hybrid series into a core pillar in the United States, its single-biggest market.
