NAVs end with positive returns as markets gain
Equity diversified NAVs ended higher with advance:decline ratio of 229:25, as Indian benchmarks rallied smartly on Tuesday on the back of good third quarter earnings from TCS and strong European cues.
IMF worried on Eastern Europe fiscal consolidation
A string of accounting tricks and a lack of fiscal reform plans in Hungary, and to a lesser extent Poland, are cause for concern and could make the emerging European states vulnerable to shocks, a top IMF official says.
Vodafone has nothing to do with merger scheme says Essar
Vodafone has objected to Essar's reverse listing of Essar Telecom Holdings (ETH) into India Securities (ISL). It has written to both the Bombay Stock Exchange and the Securities and Exchange Board of India and asked for the matter to be examined.
Wall Street opens lower as Citi misses views
US stocks fell on Tuesday after Citigroup Inc's quarterly earnings missed estimates, while Apple Inc weighed on the technology sector after Chief Executive Steve Jobs took another medical leave.
FM to address bank penetration issue with RBI
Finance Minister Parnab Mukherjee has said that financial stability is an integral part of policy objectives and added that much more was needed for financial inclusion.
Hold TCS; target of Rs 1133: Nirmal Bang
Nirmal Bang has maintained hold rating on Tata Consultancy Services’ (TCS) with a target of Rs 1133 in its January 18, 2011 research report.
Gujarat Ambuja Exports to consider interim dividend
Gujarat Ambuja Exports has its Board of Directors meeting on February 01, 2011 to consider interim dividend.
Tata Investment to consider interim dividend
Tata Investment has its Board of Directors meeting on January 27, 2011 to consider interim dividend.
UK inflation leaps to 8-mth high, pressure on BoE
A record monthly jump in prices drove British inflation to an 8-month high in December, piling pressure on the Bank of England to raise interest rates and show it is not letting inflation get out of control.
To get 1st LNG cargo from Marubeni in Feb: GAIL
State-run gas utility GAIL (India) Ltd will receive its first cargo of liquefied natural gas (LNG) next month under a three-year deal with Japanese trader Marubeni, its head said on Tuesday.
$103 trillion credit needed to support global growth: WEF
An extra USD 103 trillion of credit is needed over the next decade if global economic growth is to meet consensus forecasts, the World Economic Forum and McKinsey said in a report to be discussed at next week's Davos meeting.
Shree Nath Commercial to consider bonus issue
Shree Nath Commercial has its Board of Directors meeting on January 24, 2011 to consider bonus issue.
Nagarjuna Construction subsidiary acquires 55% equity stake of Nelcast Energy
Nagarjuna Construction subsidiary has acquired 55% equity stake of Nelcast Energy.
Greenply Industries to consider warrants into equity shares
Greenply Industries has its Board of Directors meeting on January 31, 2011 to consider warrants into equity shares.
Transport Corporation; January 20, 2011 record date for payment of interim dividend
Transport Corporation has fixed January 20, 2011 as the 'Record Date' for payment of interim dividend.
Strides Arcolab announces USFDA approval for additional Adenosine Injection USP
Strides Arcolab announces USFDA approval for additional Adenosine Injection USP.
Opto Circuits Q3 net sales up to Rs 417.7 cr
Opto Circuits has declared its third quarter results of FY11. It has reported consolidated net profit at Rs 95.7 crore as against Rs 77.4 crore, a growth of 23.64% on quarter-on-quarter basis.
Buy Rallis India; target of Rs 1850: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Rallis India and has recommended buy rating on the stock with a target of Rs 1850, in its January 18, 2011 research report.
Jobs's health to overshadow quarterly Apple sales
The health of Apple chief executive Steve Jobs was set to overshadow quarterly sales numbers on Tuesday from the consumer electronics powerhouse, whose iPhone and iPad excited holiday shoppers.
Europe goes slow on rescue fund, stress tests
European finance ministers agreed on Tuesday to take their time over beefing up the euro zone's rescue fund and to publish new stress tests on the region's shaky banks in the second half of the year.
Buy Tulip Telecom; target of Rs 240: Emkay
Emkay Global Financial Services is bullish on Tulip Telecom and has recommended buy rating on the stock with a target of Rs 240 in its January 18, 2011 research report.
Info Edge plans multiple web buys to boost growth
Info Edge (India) Ltd plans to spend part of its 4-billion-rupee cash reserve to buy multiple internet businesses and build a portfolio of web properties that could be a significant revenue contributor in five years, its chief executive said.
Petronet in 2-yr deal to buy 1.1 million tonne LNG/yr
Petronet LNG has signed deals to source 1.1 million tonnes of liquefied natural gas (LNG) annually for the next two financial years, the company said in its December-quarter earnings statement.
Rupee snaps 3-day fall; custodian banks sell $
The rupee snapped a three-day losing streak on Tuesday boosted by gains in domestic shares, which raised hopes for some foreign fund inflows, while sharp losses in the dollar versus major currencies also helped.
Citigroup posts $1.3 billion quarterly profit
Citigroup Inc posted a USD 1.3 billion quarterly profit on Tuesday, as the third-largest US bank rounded off a year of recovery from the financial crisis.
