Dec 2010 inflation may be over 8%: ICRA
"The overall WPI inflation for December 2010 is likely to be in excess of 8%, which may prompt the RBI to undertake further monetary tightening through increases in the key policy rates," according to Aditi Nayar, Economist, ICRA.
Ambuja Cem Dec qtr PAT seen up 118% at Rs 241 cr: KRChoksey
KRChoksey has come out with its earning estimates on Cement sector for the quarter ended December 2010. According to the research firm, Ambuja Cements December quarter sales are expected to go up by 24% to Rs 1,772 crore, Year-on-Year, (YoY) basis.
Rel MedWorks ups stake in Fame: What is the final equation?
Anil Ambani-promoted Reliance MediaWorks has increased its stake in Emerging Equity in Fame India via open offer. CNBC-TV18’s Nimesh Shah reportson the final equation between Fame, Inox and Reliance MediaWorks, post the Fame India open offer.
Larsen & Toubro bags order worth Rs 1181 crore
Larsen & Toubro has bagged order worth Rs 1181 crore in Buildings & Factories IC.
ACC Dec qtr PAT seen down 7% at Rs 385 cr: KRChoksey
KRChoksey has come out with its earning estimates on Cement sector for the quarter ended December 2010. According to the research firm, ACC December quarter sales are expected to go up by 28% to Rs 1921 crore, Year-on-Year, (YoY) basis.
China to buy 6 bln euros of Spanish debt: Report
Chinese Vice Premier Li Keqiang has said his country is willing to buy about 6 bn euros of Spain's public debt, Spanish newspaper El Pais reported on Thursday, citing government sources.
Riversdale, Tata to own Mozambique power plant
Riversdale Mining and joint venture partner Tata Steel have reached an agreement allowing them to fully own the USD 1 bn Benga power plant project in Mozambique, Riversdale said on Thursday.
Malaysia's 'Young Imam' reality TV show goes global
A hit Malaysian Islamic reality TV show is widening its search for the best young Muslim leader by inviting contestants from around the world to take part in the programme.
Asia steel makers fret over long-term flood effects
Asian steel makers risk an extended period of raw material shortages and high costs they may not be able to recoup with price rises as flood-hit coal mines in Australia face weeks of recovery.
Indonesia for planting chillies to avoid hot inflation
Indonesia's president called on households to plant food in their gardens in an effort to head off inflation, with the country's trade minister leading the way by chilli farming at home.
Sensex ends 116 pts down; ONGC, SBI, L&T, ICICI Bk drag
Equity benchmarks dropped for third consecutive session - the NSE Nifty settled below 6050 level, dragged down by banking, realty, auto, FMCG, PSU oil & gas and cement companies' shares. However, the European cues were positive.
JSL Stainless allots shares upon conversion of FCCBs
JSL Stainless has allotted 17 lakh equity shares of Rs 2 each upon conversion of FCCBs worth USD 5000.
Results of Underwriting Auctions
Results of Underwriting Auctions
Fined Sreesanth apologises for angry kick
India's bowler Shanthakumaran Sreesanth has been fined 10% of his match fee for kicking the boundary rope in frustration during the third and final test against South Africa, the International Cricket Council said.
Patients underestimate CT scan radiation
Will getting two or three CT scans of the abdomen expose a person to the same amount of radiation as people who lived not far from the epicentre of the 1945 Hiroshima atomic bombing and survived?
Japan stocks shine, others lag before US payrolls
Japanese stocks rallied on Thursday as investors snapped up shares of big exporters after the dollar hit two-week highs against the yen, but markets elsewhere in Asia were more subdued ahead of the influential US non-farm payrolls report.
BSE Sensex steady; Tata Steel up, banks down
The BSE Sensex was barely changed on Thursday in the absence of no clear direction from Asian markets and as traders awaited weekly food and fuel inflation data due around 0600 GMT.
Rupee at near 3-week low on broad dollar gains
The rupee dropped to its lowest level in nearly three weeks on Thursday morning, weighed by broad gains in the dollar versus majors while a choppy local sharemarket provided little direction on foreign fund flows.
Parabolic Drugs to announce CRAMS deals with European cos
Parabolic Drugs may announce CRAMS deals with European companies soon, reports CNBC-TV18. It touched an intraday high of Rs 62.30 and an intraday low of Rs 57.20. At 15:28 hrs the share was quoting at Rs 59.90, down Rs 0.60, or 0.99% on the NSE.
Take Solutions acquires 100% of UK based Co; stk down
Take Solutions has acquired 100% of UK based WCI consulting Group, reports CNBC-TV18. It touched an intraday high of Rs 35.10 and an intraday low of Rs 33.80. At 15:23 hrs the share was quoting at Rs 34.10, down Rs 0.25, or 0.73%.
PI Industries inaugurates synthetic organic chemicals
PI Industries has inaugurated synthetic organic chemicals for applications in the electronics industry.
Agarwal Holdings to consider allotment of equity shares
Agarwal Holdings has its Board of Directors meeting on January 07, 2011 to consider allotment of equity shares.
IT services firm Omnitech buys Dutch Avensus for $9 mn
IT services provider Omnitech InfoSolutions Ltd has announced that it will buy Avensus Netherlands BV, engaged in the IT infrastructure management space, for USD 9 mn.
JSW Steel- crude steel production grew 11% in Q3 FY 2011
JSW Steel- crude steel production increased by 11% in Q3 FY 2011.
TAKE solutions snaps up UK's WCI consulting
Chennai-based TAKE Solutions, a business technology company focussed on lifesciences and supply chain management, has acquired UK-based WCI Consulting Group, a lifesciences consulting firm, for an undisclosed amount.
