Mutual fund: In debt we trust
Fund managers don’t expect the stock market to sizzle in 2011. That means debt and hybrid funds will steal equity’s thunder
India looking into tax liability in Kraft's Cadbury deal
The ministry of finance has initiated action to see if Kraft Foods will have to pay taxes to Indian authorities in its USD 19 bn takeover of Cadbury last year, as claimed by a public interest petition.
Japanese pray for good fortune as working yr starts
Thousands of Japanese packed a Tokyo shrine on Tuesday, the first working day of 2011, to pray for better luck and a rebound in the lagging economy just days after ushering in the Year of the Rabbit.
Helios favours HDFC, says telcos to underperform: FUND VIEW
Singapore-based Indian equity fund Helios Strategic is betting on lenders such as HDFC Bank, despite a strong run-up last year, though it continues to hold short positions on Indian telcos as it believes the industry's woes are far from over.
Australian Coal mines flood; Steel mills face higher costs
Spot coking coal prices have risen around 10% in a month and look set to move sharply higher as Asia's steel mills scour the globe for new suppliers to cover production lost to Australian floods.
India seeks French partners to build motorways
India would like French companies to help develop its fast-growing motorway network, India's minister for road transport Kamal Nath said in an interview with French daily Le Figaro published on Tuesday.
Greatship's subsidiary places order for one construction support vessel
Greatship's subsidiary has placed an order for one construction support vessel (Platform/Rov Support Vessel).
IDBI Bank ups deposit rates by 25-75 bps; stk down
IDBI Bank has increased deposit rates by 25-75 bps, reports CNBC-TV18. It touched an intraday high of Rs 167.40 and an intraday low of Rs 162.10. At 15:14 hrs the share was quoting at Rs 162.65, down Rs 3.35, or 2.02%.
Sensex lacklustre; SBI, ICICI Bank, HDFC Bank, ONGC dip
At 15:01 hours IST - equity benchmarks were lacklustre in trade and were hovering just around their previous closing values. Consistent sell-off in financial, telecom, capital goods, realty and select auto companies' shares along with TCS and ONGC were putting pressure on markets.
Sundaram PSU Opprtunities Fund declares maiden dividend
Sundaram PSU Opprtunities Fund has announced a dividend, for which the record date is on January 07, 2011.
Jindal Saw signs mining lease pact with Rajasthan
Steel pipemaker Jindal SAW said on Tuesday it has executed a mining lease agreement for 30 years with Rajasthan for iron ore mines in the state.
Citi fraud: Money trail traced to Nifty index options
Investigations into the Citibank fixed deposit scam reveals that a majority of the money was routed from Religare and Bonanza to the derivative market, say Gurgaon Police sources. This money was invested into Nifty index options.
Mandhana Industries surges 19%
Mandhana Industries touched an intraday high of Rs 314.85 and an intraday low of Rs 285.35. At 14:47 hrs the share was quoting at Rs 312, up Rs 49.60, or 18.90%.
ICICI Bank top loser on Sensex
ICICI Bank was the top loser on the Sensex. It touched an intraday high of Rs 1,147 and an intraday low of Rs 1,101.10. At 14:43 hrs the share was quoting at Rs 1,106.60, down Rs 37.00, or 3.24%.
HUL touches 52-week high
Hindustan Unilever (HUL) touched a 52-week high of Rs 329.45. At 14:42 hrs the share was quoting at Rs 327.20, up Rs 14.10, or 4.50%.
Electrotherm Chooses Microsoft To Enhance Productivity
Electrotherm has announced the deployment of several IT solutions from Microsoft to ensure a transition to the next level of productivity and growth.
Buy Tata Steel; target of Rs 1017: Motilal Oswal
Motilal Oswal is bullish on Tata Steel and has recommended buy rating on the stock with a target of Rs 1017 in its January 3, 2011 research report.
Nifty choppy; RIL, ITC, HUL, NTPC, Infy gain further
At 14:14 hours IST - the 50-share NSE Nifty rebounded in afternoon trade, especially due to further buying in heavyweight Reliance Industries followed by FMCG, technology, power, healthcare and select metal companies' shares.
Govt seeks French partners to build motorways
The government would like French companies to help develop its fast-growing motorway network, minister for road transport Kamal Nath said in an interview with French daily Le Figaro published on Tuesday.
India investigating Kraft for possible tax evasion
India's ministry of finance is investigating whether Kraft Foods evaded taxes in its USD 19 billion takeover of Cadbury last year, the New York Times Dealbook reported on Monday.
Eleven stocks to be shifted to trade-for-trade
The National Stock Exchange (NSE) will be shifting 11 stocks from rolling segment (series: EQ) to trade for trade segment (series: BE) with a price band of 5% with effect from January 07, 2011 (Friday).
ONGC, GAIL agree to reinforce ties in areas of Natural Gas and Petrochemicals
ONGC and GAIL has agreed to reinforce ties in areas of Natural Gas and Petrochemicals.
Raj Rayon allots 1 cr warrants with convertible option on preferential basis
Raj Rayon Industries has allotted 1 crore warrants with convertible option on preferential basis.
Union Bank of India’s business crosses Rs 3.20 lakh crore
Union Bank of India’s business has crossed Rs 3.20 lakh crore.
