SAIL Dec qtr PAT seen down by 16.2 % at Rs 1403.6 cr: PINC
PINC Research has come out with its earning estimates on metal sector for the quarter ended December 2010. According to the research firm, Steel Authority of India (SAIL) December quarter sales are expected to go up by 18.4 % to Rs 11890.4 crore, Year-on-Year, (Y-o-Y) basis.
Food inflation accelerates to year high
India's food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the central bank to tighten monetary policy.
Reliance Capital positive on banking space
Sunil Singhania, Head Equities, Reliance Capital is positive on banking space.
Tata Steel Dec qtr consolidated PAT seen up by 25.6 %: PINC
PINC Research has come out with its earning estimates on metal sector for the quarter ended December 2010. According to the research firm, Tata Steel December quarter consolidated sales are expected to go up by 3.3 % to Rs 27059.4 crore, Year-on-Year, (Y-o-Y) basis.
RBI releases Draft Guidelines on Advanced Measurement Approach (AMA) for Calculating Operational Risk Capital Charge
RBI releases Draft Guidelines on Advanced Measurement Approach (AMA) for Calculating Operational Risk Capital Charge
RBI Reference Rate for US $ and Euro
RBI Reference Rate for US $ and Euro
Food inflation at 18.32% YoY on December 25
India's food price index rose 18.32% and the fuel price index climbed 11.63% in the year to December 25, government data on Thursday showed.
Norway's SWF hikes stake in Lanco Infratech
Norwegian sovereign wealth fund has raised its holding in Lanco Infratech by purchasing a further 0.6% stake for around Rs 89 crore (USD 20 mn) from the open market. The sovereign fund already owned 1.17% in Lanco as of September 30.
Telangana report leans towards united Andhra
The Justice BN Srikrishna Committee report on the issue for a separate state of Telangana leans towards united Andhra Pradesh. The report, which was released by the Centre in New Delhi on Thursday, says that status quo be maintained for the sake of internal security and economic well being.
Food price index jumps to 18.32% YoY on Dec 25
The food price index rose 18.32% and the fuel price index climbed 11.63% in the year to December 25, government data on Thursday showed.
Cipla in poor health
Cipla touched an intraday high of Rs 378.15 and an intraday low of Rs 363.70. At 12:11 hrs the share was quoting at Rs 364.05, down Rs 12.30, or 3.27%.
Bajaj Auto among major losers
Bajaj Auto was among major losers on the Sensex. It touched an intraday high of Rs 1,393 and an intraday low of Rs 1,325.05. At 12:06 hrs the share was quoting at Rs 1,334.20, down Rs 43.60, or 3.16%.
Bajaj Hindusthan allots 3 cr equity shares
Bajaj Hindusthan has allotted 3 cr equity shares of face value of Re 1 each.
Vedanta Group signs USD 191 mn agreement with Suzlon
Vedanta Group has signed USD 191 million agreements with Suzlon for 150 MW wind projects in India.
Power Finance Corporation can raise infrastructure bonds
Power Finance Corporation can raise infrastructure bonds to an amount equivalent to 25% of the gross disbursement made in preceding financial year.
Nifty tests 6050; realty, cap goods, auto, metal dip
At 11.57 hrs IST, the Nifty was hovering around 6050 mark with negative bias. It was a weak session for the markets on back of selling in realty, capital goods, auto and metal stocks. Selective buying was seen in telecom and IT stocks.
Airlines bet oil will correct; stay away from hedging
Top global airlines are staying away from further hedging jet fuel purchases that account for around a third of their costs, betting that a recent surge in oil prices to two-year highs will slow.
BlackBerry maker announces 4G tablet
Corporate interest in Research in Motion's (RIM) new tablet was "massive," the company said, as it announced plans to launch a 4G version of the device this summer with Sprint Nextel.
'Twilight', Katy Perry among People's Choice winners
'Twilight' again stole the limelight at the People's Choice awards on Wednesday, on a night that also saw big wins for singer Katy Perry and actor Johnny Depp at the start of the Hollywood awards season.
Kpit Cummins Infosystems to consider issue of shares
Kpit Cummins Infosystems has its Board of Directors meeting on January 08, 2011 to consider issue of shares.
Buy Power Grid Corp; target of Rs 107: Aditya Birla Money
Aditya Birla Money is bullish on Power Grid Corporation of India and has recommended buy rating on the stock with a target of Rs 107 in its January 6, 2011research report.
L&T bags orders worth Rs 1181 cr; stock down
Larsen and Toubro (L&T) has bagged orders worth Rs 1181 crore, reports CNBC-TV18. It touched an intraday high of Rs 1,949 and an intraday low of Rs 1,896. At 11:40 hrs the share was quoting at Rs 1,907.10, down Rs 23.35, or 1.21%.
RR Financial Consultants; January 15, 2011 record date for bonus share
RR Financial Consultants as fixed Jan 15, 2011 as the 'Record Date' for bonus shares of the company in the ratio 1:1.
Committee report expectations not priced in fert stocks yet
Udayan Mukherjee says that people have little faith about reports and the chances of their implementation. So the expectations from the reports this time are not fully priced into fertillizer stock prices as yet.
Draining flooded Australia mines could take weeks
Australia's flood-stricken coal industry was facing lengthy disruptions on Thursday, with one miner saying it could take weeks to drain its pits of water and the biggest coking coal port warning there was a risk its stocks could run out.
