Audi India records impressive 81% growth in 2010
Audi, the German luxury car manufacturer, has recorded an impressive 81 percent growth in India in the calendar year 2010, exceeding its annual sales targets, yet again. Audi India sold 3003 cars this year compared to 1658 cars sold in 2009.
Accumulate Indraprastha Gas; target of Rs 382: Emkay
Emkay Global Financial Services is bullish on Indraprastha Gas and has recommended accumulate rating on the stock with a target of Rs 382 in its January 11, 2011 research report.
Prajay Engineers allots 1.9 cr shares on conversion of warrant
Prajay Engineers has alloted 1,09,30,145 equity shares on conversion of warrants.
Wyeth to declare interim dividend of 300%
Wyeth has declared the interim dividend of 300% i.e. Rs. 30.00 per equity share of Rs. 10.00 each on 2,27,20,059 equity shares of Rs 10 each.
Buy CRISIL; target of Rs 7584: Angel Broking
Angel Broking is bullish on Credit Rating Information Services of India (CRISIL) and has recommended buy rating on the stock with a target of Rs 7584 in its January 10, 2011 research report.
Buy Diamond Power; target of Rs 277: KRChoksey
KRChoksey is bullish on Diamond Power Infrastructure and has recommended buy rating on the stock with a target of Rs 277 in its January 11, 2011 research report.
IDBI Bank signs MoU with UIDAI
IDBI Bank has become a Registrar for Unique Identification Authority of India (UIDAI). A Memorandum of Understanding (MoU) was signed by the Bank and Unique Identification Authority of India (UIDAI), at a function held at New Delhi on January 10, 2011.
Valecha Engg bags order worth Rs 194.52 crore
Valecha Engineering has bagged order worth Rs 194.52 crore.
Power Finance Corporation to consider interim dividend
Power Finance Corporation has its Board of Directors meeting on January 17, 2011 to consider interim dividend for the financial year 2010-2011.
Ador Fontech to consider stock split
Ador Fontech has its Board of Directors meeting on January 22, 2011 to consider stock split.
Aventis Pharma Dec qtr PAT seen up 35% at Rs 35.1cr: Karvy
Karvy Stock Broking has come out with its earning estimates on pharma sector for the quarter ended December 2010. According to the research firm, Aventis Pharmaceuticals December quarter sales are expected to go up by 10.4% at Rs 283.4 crore, Year-on-Year, (YoY) basis.
Second Liquidity Adjustment Facility : Auction Results
Second Liquidity Adjustment Facility : Auction Results
Invest in HCL Tech at current level: Mavani
Invest in HCL Tech at current level, says Vivek Mavani, Vice President & Senior Portfolio Manager, Brics Securities.
Divis Labs Dec qtr PAT seen up 31.1% at Rs 88.9cr: Karvy
Karvy Stock Broking has come out with its earning estimates on pharma sector for the quarter ended December 2010. According to the research firm, Divis Laboratories December quarter sales are expected to go up by 43.1% at Rs 292 crore, Year-on-Year, (YoY) basis.
Sun Apollo invests Rs 100cr in Parsvnath project
Private equity investments continue to trickle into project or SPV level in the realty space. Sun Apollo India Real Estate Fund LLC, a $630-million India-dedicated real estate private equity fund, has invested Rs 100 crore in a residential project SPV led by Parsvnath Developers Limited (PDL).
Former Microsoft MD Rajan Anandan joins Google India
Rajan Anandan, who led Microsoft India as its managing director for two years responsible for the tech giant's software, OEM and services business, is joining Google India as Vice President (Sales and Operations). Anandan is set to join Google India in February.
SKS Microfinance announces interest rate of 24.55%
SKS Microfinance Limited announces an effective interest rate of 24.55% (all inclusive) across the country.
Cadila Health Dec qtr PAT seen up 33% at Rs 172.4cr: Karvy
Karvy Stock Broking has come out with its earning estimates on pharma sector for the quarter ended December 2010. According to the research firm, Cadila Healthcare December quarter sales are expected to go up by 18.7% at Rs 1176.4 crore, Year-on-Year, (YoY) basis.
GSK Pharma Dec qtr PAT seen up 11% at Rs 114.9cr: Karvy
Karvy Stock Broking has come out with its earning estimates on pharma sector for the quarter ended December 2010. According to the research firm, GlaxoSmithkline Pharma December quarter sales are expected to go up by 13.1% at Rs 509 crore, Year-on-Year, (YoY) basis.
Tata Steel okays follow-on public offer
India's largest steel company Tata Steel's board of directors have approved follow-on public offer (FPO) of 57 million ordinary shares of Rs 10 each.
Lupin Labs Dec qtr PAT seen up 36.3% at Rs 197.9cr: Karvy
Karvy Stock Broking has come out with its earning estimates on pharma sector for the quarter ended December 2010. According to the research firm, Lupin Laboratories December quarter sales are expected to go up by 18.3% at Rs 1485.3 crore, Year-on-Year, (YoY) basis.
Inca Finlease to consider sub-divide of shares
Inca Finlease has its Board of Directors meeting on January 15, 2011 to consider sub-divide of equity shares of Rs 10 each into Rs 2 each.
Milestone May-end JV with tainted Money Matters Financial
Private equity firm Milestone Capital Advisors Ltd is likely to scrap its joint venture, Capstone Capital Services Pvt Ltd, that it formed with scam-hit financial institution Money Matters Financial Services.
Macquarie SBI Infra Fund to invest $130 mn in Moser Baer
Macquarie SBI Infrastructure Fund is picking up a minority stake in Moser Baer Projects Private Ltd's Madhya Pradesh power unit for Rs 580 crore ($130million).
L&T, MHI JV inaugurates twin facilities for power equipment manufacture at Hazira, Surat
L&T and MHI JV has inaugurated twin facilities for power equipment manufacture at Hazira, Surat.
