US markets end with moderate gains
The US markets closed modestly higher. The Dow lost ground during the final minutes of trading to close below twelve thousand mark after climbing above it intra-day.
Dow Jones fails to hold above 12K in intraday trade on Wed
The Dow Jones Industrial Average ended up 8 points at 11,985. The Nasdaq Composite was up 20 points at 2,739.5 and S&P 500 Index rose 5.5 points at 1,297.
Jewellery got more expensive for homemakers this Budget
Are you a homemaker? Find out how the tax affects you.
Buy ITC; target of Rs 212: A C Choksi
A C Choksi is bullish on ITC and has recommended buy rating on the stock with a target of Rs 212 in its January 25, 2011 research report.
Albers Diamonds buys 4.55 lakh shares of C Mahendra
On January 25, 2011 Albers Diamonds Private Limited bought 455,000 shares of C Mahendra Expo at Rs 132.96 on the NSE. Yesterday the share closed at Rs 133.05.
Sandeep Stock buys 5 lakh shares of Splash Media
On January 25, 2011 Sandeep Stock Private Limited bought 500,000 shares of Splash Media at Rs 122.72 on the BSE. Yesterday the share closed at Rs 129.40.
New India Retailing sells 3.92 Lk shares of Oudh Sugar Mill
On January 25, 2011 G M B Investment Pvt Ltd bought 392,670 shares of Oudh Sugar Mill at Rs 36.43 on the NSE. However, New India Retailing & Investment Limited sold 392,670 shares at Rs 36.42. Yesterday the share closed at Rs 36.10.
India Infoline Ltd buys 24.79 Lk shares of India Infoline
On January 25, 2011 India Infoline Limited bought 2,479,945 shares of India Infoline at Rs 81.39 on the NSE. Yesterday the share closed at Rs 81.
Sonal International buys 7.2 lakh shares of ACIL Cotton Ind
On January 25, 2011 Sonal International Ltd bought 720,099 shares of ACIL Cotton Industries at Rs 4.01 on the BSE. Yesterday the share closed at Rs 3.99.
Snapdeal Owner raises $12 mn from Nexus and IndoUS Ventures
Jasper Innovative Marketing Solutions, which owns the group buying portal Snapdeal.com, has raised USD 12 million in a series B financing from Nexus Venture Partners and existing investor IndoUS Venture Partners.
What's cooking: M&A action in kitchen appliances market
Philips has kick-started what could be a consolidation drive in the highly fragmented small kitchen appliance business in the country.
Indian ADRs: Dr Reddys down 5%, ICICI Bank down 2.2%
Indian ADRs ended mostly in red on Tuesday. In Banking space, ICICI Bank was down 2.25% at $46.1 and HDFC Bank was down 0.74% at $148.46. In the telecom space, MTNL was up 1.71% at $2.38, while Tata Comm was down 1.15% at $11.14.
Wall Street ends flat in late flurry of buying
US stocks erased losses in a late flurry of buying to end little changed on Tuesday as overall optimism about earnings offset disappointing results from blue chips 3M and Johnson & Johnson.
NAVs decline on fall in markets
Equity diversified NAVs ended lower with advance:decline ratio of 19:233 as rising inflation concerns and a likely slowdown in economic growth spooked Indian equities on Tuesday and sent the Nifty below the 5700-mark at close, dragged down especially by financials.
Azim Premji, Chanda Kochhar win Padma Award
The Government of India announced the Padma awards, which is the highest civilian honour bestowed by the government every year on eminent personalities from all walks of life such as social work, sports, film, politics, academics, science, business, art and culture.
Balco arbitrator says Sterlite cannot buy balance 49% stake
Sterlite has been dealt a serious blow in the Balco arbitration matter. The arbitrator says Sterlite cannot buy the balance 49% stake in Balco. This arbitrator award would impact residual stake sale in Hindustan Zinc as well.
AR Rahman gets two Oscar nominations
Indian composer AR Rahman bagged two Oscar nominations for his music in Danny Boyle's '127 Hours' on Tuesday, raising hopes of a repeat of his double triumph at the Academy Awards in 2009.
Bharat Forge Net Profit up 117.4% at Rs 83 Cr.
Bharat Forge Net Profit up 117.4% at Rs 83 Cr.
HUL may hike prices to combat rising input costs
FMCG giant Hindustan Unilever came out with a disappointing set of numbers. CNBC-TV18's Mitra Joshi and Seema Mody report.
Accumulate DHFL; target of Rs 312: Asit C. Mehta
Asit C. Mehta is bullish on Dewan Housing Finance Corporation (DHFL) and has recommended accumulate rating on the stock with a target of Rs 312 in its January 24, 2011 research report.
Cos may head overseas for funding, trim expansion plans
Corporate executives would never endorse any increase in the cost of borrowing. India’s central bank raised repo and reverse repo rates by 25 basis points (a basis is one hundredth of a percentage) earlier today to a lukewarm reaction from industry executives.
Accumulate Bharat Forge; target of Rs 404: Angel Broking
Angel Broking is bullish on Bharat Forge and has recommended accumulate rating on the stock with a target of Rs 404 in its January 24, 2011 research report.
Godrej Q3FY10-11 PAT up 40% at Rs 119 cr
Godrej Q3 FY 10-11 Net Sales higher by 89% at Rs. 980 crore, PAT up 40% at Rs. 119 crore.
Accumulate Amara Raja Batteries; tgt of Rs 204: P Lilladher
Prabhudas Lilladher is bullish on Amara Raja Batteries (ARBL) and has recommended accumulate rating on the stock with a target of Rs 204, in its January 25, 2011 research report.
Buy M&M Financial; target of Rs 760: Motilal Oswal
Motilal Oswal is bullish on Mahindra & Mahindra Financial (MMFSL) and has recommended buy rating on the stock with a target of Rs 760 in its January 22, 2011 research report.
