GSPL Dec qtr PAT seen down 19% at Rs 93cr: Angel
Angel Broking has come out with its earning estimates on the oil & gas sector for the quarter ended December 2010. According to the research firm, GSPL December quarter net sales are expected to go down by 4.4% to Rs 257 crore, Year-on-Year, (Y-o-Y) basis.
Gail Dec qtr PAT seen up 8% at Rs 930cr: Angel
Angel Broking has come out with its earning estimates on the oil & gas sector for the quarter ended December 2010. According to the research firm, Gail December quarter net sales are expected to go up by 33.7% to Rs 8,276 crore, Year-on-Year, (Y-o-Y) basis.
Cairn India Dec qtr PAT seen up 486% at Rs 1706cr: Angel
Angel Broking has come out with its earning estimates on the oil & gas sector for the quarter ended December 2010. According to the research firm, Cairn India December quarter net sales are expected to go up by 509.3% to Rs 3,019 crore, Year-on-Year, (Y-o-Y) basis.
Mercator Lines board approves allotment of shrs to founders
Mercator Lines board has approved allotment of 89 lakh shares at Rs 55 per share to founders, quoting DowJones, reports CNBC-TV18. It touched an intraday high of Rs 51.05 and an intraday low of Rs 49.10. At 13:25 hrs the share was quoting at Rs 50.20, up Rs 0.85, or 1.72%.
FIPB approves Tata Steel's Rs 1110cr warrant issue
Tata Steel approved company's Rs 1,110 crore warrant issue, reports CNBC-TV18. It touched an intraday high of Rs 655.70 and an intraday low of Rs 636.25. At 13:18 hrs the share was quoting at Rs 638.20, down Rs 11.10, or 1.71%.
Financials, IT drag Nifty below 5800; RIL, NTPC, L&T dip
At 13:07 hours IST - equity benchmarks wiped out all their yesterday's gains, pulled down by banking, technology, healthcare, FMCG and infrastructure companies' shares along with heavyweight Reliance Industries.
Abhijeet Power to file for $333 mn IPO by early-Feb
Nagpur-based Abhijeet Power is in advanced stages of seeking regulatory approval for an initial public offering of up to Rs 1500 crore and expects to file papers by early February, a senior official told Reuters.
Hold Patni Computer; target of Rs 500: Anand Rathi Sec
Anand Rathi Securities has maintained hold rating on Patni Computer with a target of Rs 500 in its January 11, 2011 research report.
JB Chemicals Q3 net profit up at Rs 38.1 cr
JB Chemicals has announced its third Q3 results. The company's Q3 net profit was up at Rs 38.1 crore versus Rs 29.5 crore.
Buy Pennar Industries; target of Rs 62: Karvy Stock Broking
Karvy Stock Broking is bullish on Pennar Industries and has recommended buy rating on the stock with a target of Rs 62 in its January 12, 2011 research report.
Food inflation stays high, rate hike seen
Food inflation eased marginally from a year high but stayed at levels enough to keep pressure on annual headline inflation in December and reinforce expectations of a rates hike by the central bank.
Buy Aurobindo Pharma; target of Rs 1560: Anand Rathi Sec
Anand Rathi Securities is bullish on Aurobindo Pharma and has recommended buy rating on the stock with a target of Rs 1560 in its January 11, 2011 research report.
RBI Reference Rate for US $ and Euro
RBI Reference Rate for US $ and Euro
McEwen brightens team prospects, says Armstrong
Lance Armstrong knows age has finally caught up with him ahead of his final international race but the 39 year old is confident the future is bright for his Team RadioShack.
Get stadiums up to scratch, Malaysian teams told
Nine soccer stadiums in Malaysia have been deemed unacceptable to host league matches as the Football Association of Malaysia (FAM) gets tough on venue guidelines.
Hold Aurobindo Pharma; target of Rs 1352: KRChoksey
KRChoksey has maintained hold rating on Aurobindo Pharma with a target of Rs 1352 in its January 10, 2011 research report.
Indian Hotels to complete 43 projects over 3-4 years
Indian Hotels Co that owns Taj chain plans to execute a pipeline of 43 projects over the next three to four years, its Managing Diretor Raymond Bickson said on Thursday.
Nifty tests 5800; Infosys, SBI, ICICI Bank, HDFC Bank slip
At 12:25 hours IST - the benchmark Nifty was consistently witnessing selling pressure and was not able to cross 5850 level - in fact it was in narrow range of 5810-5850 since morning.
Players to hold exhibition to aid Australia flood victims
Roger Federer, Rafa Nadal and other top players will play exhibition matches at Melbourne Park on Sunday to raise money for victims of devastating floods that have ravaged wide swathes of Australia's northern Queensland state.
Buy Shiv Vani Oil & Gas; target of Rs 480: IIFL
IIFL is bullish on Shiv Vani Oil & Gas Exploration Services and has recommended buy rating on the stock with a target of Rs 480 in its January 12, 2011 research report.
POSCO Q4 profit misses target on pricey iron ore
POSCO, the world's No 3 steelmaker, reported a nearly 60% fall in quarterly operating profit, missing its own estimate, amid tepid global demand for steel and high raw material costs.
Food price jumps 16.91% YoY on Jan 1
The food price index rose 16.91% and the fuel price index climbed 11.53% in the year to January 1, government data on Thursday showed.
Elecon Eng bags order worth Rs 24.83 crore
Elecon Engineering has bagged order worth Rs 24.83 crore from S.K.Samanta for design, engineering, manufacturing, supplying etc.
IPO norms for life insurance cos will be ready by February
Public float guidelines for life insurance companies will only be ready by February, according to the Insurance Regulatory and Development Authority Chairman, Mr J Hari Narayan.
Hind Motors to restructure share capital; stock up 11.2%
Hindustan Motors has got court approval for restructuring of share capital, reports CNBC-TV18. It touched an intraday high of Rs 25.15 and an intraday low of Rs 22.15. At 12:01 hrs the share was quoting at Rs 24.75, up Rs 2.50, or 11.24%.
