Oil steady near 27-month peak; US fuel stocks seen higher
Oil slipped from the highest price levels in more than two years on Tuesday on expectations that fuel demand will ease after the approaching peak of the Northern Hemisphere heating season, slowing the drain of US stockpiles.
Gamesa to pick up majority stake in Suzlon Energy; stk up
Suzlon Energy touched an intraday high of Rs 56.85 and an intraday low of Rs 53.90. At 10:33 hrs the share was quoting at Rs 56.65, up Rs 2.40, or 4.42%. Gamesa is looking at picking up majority stake in the company, quoting Sources, reports CNBC-TV18.
Buy Bata India; target of Rs 387: IIFL
IIFL is bullish on Bata India and has recommended buy rating on the stock with a target of Rs 387 in its January 4, 2011 research report.
Citi M&A Head Sameer Nath On India Inc Deal Appetite
Sameer Nath, Managing Director and Head of Citi M&A’s operations in India, feels that Indian CEOs are more willing to consider transformational deals today and that corporate confidence has rebounded strongly.
India Inc raised record funds in 2010
India Inc's fund-raising, both through equity and debt, touched record highs last calendar, shows Bloomberg's India Capital Markets League Tables for 2010.
Pratibha Ind gets contract worth Rs 105cr; stock gains
Pratibha Industries has got contract worth Rs 105 crore for 1st stage of Jaipur metro, reports CNBC-TV18. It touched an intraday high of Rs 71.95 and an intraday low of Rs 68.65. At 09:51 hrs the share was quoting at Rs 71.25, up Rs 2.30, or 3.34%.
Caraco Pharma not to manufacture from Detroit by FY11 end
Based on remediation efforts to date, Detroit-based Caraco Pharmaceutical Laboratories, a subsidary of Sun Pharmaceutical, said that it does not expect to commence the manufacture and distribution of products from its Detroit facility by the end of FY11.
Sonal International buys 5.88 Lakh shares of ACIL Cotton
On January 3, 2011 Sonal International Ltd bought 588,165 shares of ACIL Cotton Industries at Rs 3.95 on the BSE. Yesterday the share closed at Rs 3.89.
Vardhman Investment buys 1 Lk shares of Exelon Infra
On January 3, 2011 Vardhman Investment buys 100,000 shares of Exelon Infrastructure at Rs 35.05 on the BSE. Yesterday the share closed at Rs 35.90.
IDBI sells 1 Lk shrs of Jai Mata Rolled Glass
On January 3, 2011 Industrial Development Bank Of India sold 100,000 shares of Jai Mata Rolled Glass at Rs 2.05 on the BSE. Yesterday the share closed at Rs 2.02.
Saving Tata Nano
The fate of the ‘People’s Car’ hangs in balance, with its prospective customers giving it a miss. Now, Tata Motors has mounted a massive rescue act
Deal boost for Biocon
The firm is looking at partnerships with global pharma majors as a ticket to hasten the launch of its biotech products
My Paris
Ashish Sinharoy travels to Paris on work about three times a year and discovers the city in its cafes, street artists and Espresso shots
Jayaswal Neco ties up for debt for Rs 3300cr expansion
Jayaswal Neco Industries tied up for debt for Rs 3300 crore expansion, reports CNBC-TV18. It touched an intraday high of Rs 35.75 and an intraday low of Rs 34.85. At 09:28 hrs the share was quoting at Rs 35.75, up Rs 1.45, or 4.23%.
Peninsula Land lines up Rs 2500 cr for land acquisition
Peninsula Land has lined up Rs 2500 crore for land acquisition, reports CNBC-TV18. It touched an intraday high of Rs 68.70 and an intraday low of Rs 64.25. At 09:26 hrs the share was quoting at Rs 68.70, up Rs 5.05, or 7.93%.
Nifty volatile; NTPC, HDFC, Tata Steel up, SBI dips
The benchmark Nifty started the session on a positive note amid volatility and maintained its upmove for fifth consecutive day.
NAVs close higher; all sectoral funds advance
Equity diversified NAVs closed higher with advance:decline ratio of 246:3 as benchmarks continued the uptrend for fourth consecutive session. Metal, telecom, Anil Dhirubhai Ambani Group (ADAG), healthcare, realty, select infrastructure and financial companies' shares supported markets along with ONGC and Infosys.
News Roundup: Indiareit Sells Kurla Property For Rs 450Cr
Indiareit Fund Advisors, a real estate venture capital fund backed by 3i Group Plc, has exited from its investment in a commercial project in Kurla, Mumbai, being developed by Neptune Realtors.
Rupee may appreciate against dollar: Karvy
Karvy Stock Broking has come out with a research report on currencies. The research firm says, positive equity markets along with weak dollar index are expected to send rupee appreciating.
Limited downside in Sharp India: Tulsian
Limited downside in Sharp India, says SP Tulsian of sptulsian.com.
Infra, textile, education to outperform: Astrostocktips
Infrastructure, textile and education sectors will be receiving astrological support, says Satish Gupta of astrostocktips.
Strong resistance for Nifty seen at 6,220: Nirmal Bang
Nirmal Bang has come out with a pre-market research report. The research firm says, strong support for Nifty future is seen at 6,130 and resistance seen at 6,220.
Solar eclipse may push silver down: Astromoneyguru
As per our expectation silver has cross Rs 47000 levels in Indian electronic trade, says Ajay Jain of astromoneyguru.
Rupee opens at 44.65 per dollar
The Indian rupee opened at 44.65 per dollar versus 44.70 yesterday.
