M&M sets up panel to speed up Ssangyong merger
Mahindra & Mahindra has set up a committee to speed up the amalgamation process of Ssangyong Motor Co, says The Economic Times. The panel has a 100-day brief during which it will begin with a communication exercise to highlight Ssangyong’s future growth plans.
ICRA assigns fundamental grade `4+` to Godrej Ind
ICRA Online has assigned the Fundamental Grade ‘4+’ and the Valuation Grade ‘B’ to Godrej Industries Limited (GIL).
Kotak Mahindra Bank takes a dip
Kotak Mahindra Bank touched an intraday high of Rs 381.40 and an intraday low of Rs 364.55. At 14:59 hrs the share was quoting at Rs 365.55, down Rs 12.45, or 3.29%.
Divis Labs Q3 cons net profit at Rs 98.4cr
Divis Laboratories Q3 consolidated net profit was up at Rs 98.4 crore versus Rs 67.8 crore.
NTPC slips on profit booking
NTPC touched an intraday high of Rs 181.90 and an intraday low of Rs 176.50. At 14:58 hrs the share was quoting at Rs 176.75, down Rs 5.45, or 2.99%.
Balrampur Chini Oct-Dec net profit down at Rs 23.4cr
Balrampur Chini Mills Oct-Dec net profit was down at Rs 23.4 crore versus Rs 76.6 crore, year-on-year, YoY.
Hold Everest Kanto Cylinder; target of Rs 90: PINC Research
PINC Research has recommended hold rating on Everest Kanto Cylinder with a target of Rs 90, in its February 01, 2011 research report.
Nagarjuna Constr dips 6.4% on poor Q3 numbers
Nagarjuna Construction Q3 consolidated net profit was at Rs 52.1 crore versus Rs 55.8 crore, YoY, reports CNBC-TV18. It touched an intraday high of Rs 112.10 and an intraday low of Rs 103. At 14:49 hrs the share was quoting at Rs 103.70, down Rs 7.10, or 6.41%.
Cox & Kings Q3 cons net profit up at Rs 23 cr
Cox & Kings has reported consolidated a net profit at Rs 23 crore for the quarter ended December 2010 as against Rs 19.3 crore in same period the previous year.
Accumulate Transformers; target of Rs 308: Asit C. Mehta
Asit C. Mehta is bullish on Transformers and Rectifiers India and has recommended accumulate rating on the stock with a target of Rs 308 in its February 01, 2011 research report.
Corruption striking at roots of good governance: PM
Turning to the problems being faced by Scheduled Castes, Scheduled Tribes, minorities, women and other vulnerable groups, the Prime Minister told the bureaucrats to lead their administration in preventing such atrocities and ensuring punishment to the perpetrators when they do occur.
Mubarak likely to step down under US brokered deal
Embattled Egyptian President Hosni Mubarak is likely to step down immediately and turn over power to a transitional government headed by Vice President Omar Suleiman, backed by the army.
'Discipline & patience important for successful life'
Describing discipline and patience as important ingredients in the success of one's life, Jammu and Kashmir Chief Minister Omar Abdullah today asked the youth to inculcate these spirit to the optimum.
Acacia Partners buys 4.6% in Net4India
Acacia Partners and its associate funds have acquired 4.6% in network and application services provider Net4 India Limited for Rs 11 crore (USD 2.3 million).
Ex-MindTree boss likely to liquidate stake in co
Ex-executive chairman of MindTree Ashok Soota is likely to sell his stake in the company, reports CNBC-TV18. Soota owns 11.1% stake in the company valued at Rs 210 crore at current market price.
TCS bets big on 'SME Cloud'
Tata Consultancy Services (TCS), the country’s largest information technology (IT) services provider, has planned to launch what it terms ‘SME Cloud’ in a fortnight, reports Business Standard.
Buy Unichem Laboratories; target of Rs 240: LKP
LKP is bullish on Unichem Laboratories and has recommended buy rating on the stock with a target of Rs 240 in its February 02, 2011 research report.
Zensar Technologies scouting Western mkts for acquisition
IT major Zensar Technologies is on a look for a possible acquisition in the Western markets, reports the Economic Times.
Welspun Corp makes smart gains
Welspun Corp touched an intraday high of Rs 161.45 and an intraday low of Rs 152.05. At 14:27 hrs the share was quoting at Rs 159.10, up Rs 7.15, or 4.71%.
SAT admits E Land's claim on non-compete fee against SEBI
The Securities Appellate Tribunal (SAT) has admitted South Korean textile chain operator E Land’s application on non-compete fee against market regular SEBI, reports CNBC-TV18.
Buy Shriram TransFin; target of Rs 878: Way2Wealth
Way2Wealth is bullish on Shriram Transport Finance Corporation and has recommended buy rating on the stock with a target of Rs 878 in its February 02, 2011 research report.
Buy Glenmark Pharma; target of Rs 384: KRChoksey
KRChoksey is bullish on Glenmark Pharma and has recommended buy rating on the stock with a target of Rs 384 in its February 01, 2011 research report.
Shibulal maybe Infosys next CEO
Infosys Technologies may ask SD Shibulal, one of its founders, to become the CEO of the company some time in April this year as part of a regular reshuffle of the top deck, reports the Economic Times.
Balrampur Chini Mills loses sweetness
Balrampur Chini Mills touched an intraday high of Rs 75.80 and an intraday low of Rs 71.20. At 14:01 hrs the share was quoting at Rs 71.60, down Rs 2.60, or 3.50%.
Buy Glenmark Pharma; target of Rs 332: PINC Research
PINC Research is bullish on Glenmark Pharma and has recommended buy rating on the stock with a target of Rs 332 in its February 2, 2011 research report.
