Sensex has support at 18510-17925: Gaba
The crucial support on the Sensex on the downside is 18510-17925 and resistance at 19250.
NAVs end lower as markets decline
Equity diversified NAVs closed lower with advance:decline ratio of 4:251 as Indian equities were badly butchered for yet another day on Friday and breached key psychological levels on the back of heavy selling in rate sensitives, commodities and infrastructure related companies' shares.
Cap on cotton exports not a concern: Textile Secy
In a bid to incentivise cotton yarn exports, the ministry of commerce is likely to reinstate the duty entitlement passbook scheme for the sector.
RBI asks banks to monitor use of santioned loans
The Reserve Bank of India has told banks to improve their machinery to supervise if borrowers are using funds for the purpose for which the loans are given.
Investors look to cloud for tech stock picks
Jeffrey Saut simply looks up to remind himself which tech stocks will be hot in 2011.
Wikipedia founder sees biggest impact yet to come
Wikipedia's impact on the world has yet to peak as the open online encyclopaedia aims to double its reach, mainly through expansion in developing countries, founder Jimmy Wales told Reuters.
Sri Lanka says $1 bn hotel, shopping mall deals inked
Sri Lanka on Friday said nearly USD 1 billion of foreign investment will flow into a 500-room hotel and a shopping mall, the largest investments so far into its post-war tourism boom.
Ferrari chief rebukes Red Bull for lack of respect
Ferrari president Luca di Montezemolo rebuked Formula One champions Red Bull on Friday for lack of respect towards the sport's most successful team.
France says EU pondering larger bailout fund
European governments are considering increasing the size of their rescue fund as part of a package of measures to tackle the debt crisis in the euro zone, France said on Friday.
Airbus seen beating Boeing on 2010 orders
Airbus looks set to leapfrog Boeing and score a surprise last-minute win on orders when it unveils 2010 commercial results next week, industry sources said on Friday.
China's LNG work has eyes on Iran, and beyond
China may have the technical capability to build a natural gas liquefaction plant within five years, potentially opening the door to vast reserves in Iran where sanctions have kept away western firms.
Evercore ups Google on ad spends, sees Facebook threat
Evercore Partners upgraded Google Inc to "equal-weight" from "underweight" citing positive advertising trends on strong e-commerce spending but said Facebook remains a concern.
Smith & Nephew denies in merger or takeover talks
Artificial knee and hip maker Smith & Nephew said on Friday it was not in talks on a merger or takeover, after a report it was weighing a deal with privately owned US rival Biomet sent its shares higher.
BNP Paribas ramps up Asia wealth focus
French bank BNP Paribas is ramping up its Asia wealth management business with a new ultra-high-net-worth unit and a reorganised structure to help capture burgeoning wealth in emerging markets.
Man jailed for stealing loyalty card points
An IT manager who worked at Sainsbury's supermarket, was jailed on Friday for stealing more than 17 million loyalty card points.
SEBI: RI, RNRL cannot invest in publicly traded cos
The Securities and Exchange Board of India (SEBI) said on Friday Reliance Infra and Reliance Natural Resources misrepresented nature of investments, their profits/losses in annual reports.
India gold buying recovers; premiums may edge up
India gold prices eased a tad on Friday afternoon following weakness in overseas market, triggering a slight pick-up in offtake for harvest festivals and wedding season slated later, though supply issues remained, which could push premiums even higher, dealers said.
Inflation bites; FMCGs on price hike spree
With rising input costs, FMCG players have been on a price hike spree. From biscuits to dairy products and soaps, price hikes in the pipeline for most categories.
Buy Sintex India; target of Rs 229: Angel Broking
Angel Broking is bullish on Sintex India and has recommended buy rating on the stock with a target of Rs 229 in its January 13, 2011 research report.
Hold Infosys; target of Rs 3520: Anand Rathi Securities
Anand Rathi Securities has recommended hold rating on Infosys Technologies with a target of Rs 3520 in its January 13, 2011 research report.
Ceeta Ind operation gets affected due to illegal activities by workers
Ceeta Industries for past some time the operation of the company's plant at Tumkur is affected due to the illegal activities of the workers union.
Puravankara Projects to consider issuing of secured, redeemable debenture
Puravankara Projects has its Board of Directors meeting on January 17, 2011 to consider the issuing of secured, redeemable, non-convertible debenture.
Hold Patni Computer; tgt of Rs 500: Anand Rathi Securities
Anand Rathi Securities has recommended hold rating on Patni Computers with a target of Rs 500 in its January 13, 2011 research report.
Ador Multiproducts to consider conversion of warrants into equity shares
Ador Multi has its Board of Directors meeting on January 22, 2011 to consider conversion of the second tranche of 93239 warrants into equity shares.
