India gold buying retreats as prices hit 1-wk high
India's gold buying retreated on Wednesday afternoon as prices extended gains to hit the highest level in a week, though traders awaited leads from the rupee for direction in the dollar-quoted yellow metal, dealers said.
Oil India may miss '11 production aim of 3.7 mn tonne
State-run explorer Oil India may miss its target to produce 3.7 million tonne of crude oil in the current financial year ending March, its director for exploration and development BN Talukdar said.
Euro rises feebly ahead of Portugal bond sale
The euro rose weakly against the dollar on Wednesday while Asian stocks edged higher, but investors were increasingly nervous ahead of a key bond sale by ailing eurozone member Portugal later in the day.
AIG agrees $2.2 bn sale of Taiwan unit after year's delay
American International Group Inc accepted a USD 2.16 billion cash offer for its Taiwan Nan Shan Life unit from a group led by local conglomerate Ruentex, marking the beginning of the end of a drawn-out process fraught with political wrangling.
Nifty surges 100 pts; realty, metals, banks, auto, IT lead
At 14:51 hours IST - the benchmark Sensex added more than 300 points and the Nifty over 100 points on the back of short covering in same sectors which seen sell-off in previous six sessions of trade.
Kotak MF buys IT, utilities, engg, drops bank, metal
Kotak Mahindra Asset Management has enhanced its exposure to sectors like information technology, utilities and engineering & capital goods space. However, it reduced its investments in banking & financial services, chemicals and metals & mining space.
Birla Sun Life MF launches 2 Capital Protection Funds
Birla Sun Life Mutual Fund has launched two new funds as Birla Sun Life Capital Protection Oriented Fund – Series 3 and Birla Sun Life Capital Protection Oriented Fund – Series 4, a close ended capital protection oriented schemes with the duration of 36 months from the date of allotment of units.
YES BANK Dec qtr PAT seen up 39.8% at Rs 176cr: Angel
Angel Broking has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, YES BANK December quarter operating income are expected to go up by 40.7% to Rs 477 crore, Year-on-Year, (Y-o-Y) basis.
RBI Bulletin for January 2011
RBI Bulletin for January 2011
Bharti Airtel to launch 3G services 'very soon'
Bharti Airtel will launch its third-generation mobile services 'very soon', Sanjay Kapoor, chief executive for India and South Asia, said on Wednesday.
Aurobindo Pharma, MIC Electronics Shed Majority Stakes
Aurobindo Pharma and Mic Electronics have sold stakes in their subsidiaries as they cashed their holdings. While Aurobindo Pharma sold stake in its China venture, Mic sold its entire stake in a step-down subsidiary.
South Indian Bank Dec qtr PAT seen up at Rs 76cr: Angel
Angel Broking has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, South Indian Bank December quarter operating income are expected to go up by 12.8% to Rs 242 crore, Year-on-Year, (Y-o-Y) basis.
ICICI Bank Dec qtr PAT seen up 22.9% at Rs 1353cr: Angel
Angel Broking has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, ICICI Bank December quarter operating income are expected to go up by 5.1% to Rs 3920 crore, Year-on-Year, (Y-o-Y) basis.
HDFC Bank Dec qtr PAT seen up 33.3% at Rs 1091cr: Angel
Angel Broking has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, HDFC Bank December quarter operating income are expected to go up by 20.5% to Rs 3708 crore, Year-on-Year, (Y-o-Y) basis.
SE Invst board meet to consider bonus share issue; stk down
SE Investments has board meeting on January 24 to consider bonus share issue, reports CNBC-TV18. It touched a 52-week high of Rs 28.80. At 14:04 hrs the share was quoting at Rs 26.80, down Rs 0.80, or 2.90%.
ONGC may develop east coast block alone
State-run explorer ONGC, which was in talks with foreign players to develop its gas-rich exploration block in the Krishna Godavari basin, may develop the asset by itself, a senior company official said.
Bharti, SBI to invest $22 mn in mobile banking JV
India's top mobile operator Bharti Airtel and State Bank of India will together initially invest Rs 100 crore (USD 22 million) in a joint venture for mobile-based banking, OP Bhatt, chairman of the country's top lender, said on Wednesday.
Axis Bank Dec qtr PAT seen up 27.5% at Rs 837cr: Angel
Angel Broking has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, Axis Bank December quarter operating income are expected to go up by 17.1% to Rs 2736 crore, Year-on-Year, (Y-o-Y) basis.
Federal Bank Dec qtr PAT seen up 31.8% at Rs 145cr: Angel
Angel Broking has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, Federal Bank December quarter operating income are expected to go up by 16.7% to Rs 581 crore, Year-on-Year, (Y-o-Y) basis.
Time Technoplast promoters revoke 1.12cr pledged shares
Time Technoplast promoters have revoked 1.12 crore pledged shares, reports CNBC-TV18. It touched an intraday high of Rs 54.90 and an intraday low of Rs 51.25. At 13:54 hrs the share was quoting at Rs 51.30, down Rs 1.85, or 3.48%.
Motilal Oswal MF launches MOSt Shares M100 ETF
Motilal Oswal MF launches MOSt Shares M100 ETF ), an open ended Index Exchange Traded Fund, that seeks investment return that corresponds (before fees and expenses) to the performance of the CNX Midcap Index (Underlying Index), subject to tracking error.
Nifty hits 5800 led by TCS, ICICI Bank, Bharti, RIL, Infy
At 13:36 hours IST - equity benchmarks recovered in afternoon trade but there was a bit of volatility - the Nifty was hovering around 5800 level while the Sensex added about 150 points gains, led by rally in TCS, Tata Motors and Sterlite Industries.
Sterlite Industries top gainer on Sensex
Sterlite Industries was the top gainer on the Sensex. It touched an intraday high of Rs 178.85 and an intraday low of Rs 173. At 13:28 hrs the share was quoting at Rs 178.85, up Rs 6.95, or 4.04%.
Suzlon Energy bounces back
Suzlon Energy touched an intraday high of Rs 51.20 and an intraday low of Rs 48.30. At 13:24 hrs the share was quoting at Rs 50.90, up Rs 3.40, or 7.16%.
IndiGo mulls all options to fund Airbus deal
Indian budget carrier IndiGo is considering all options including a possible initial public offering to finance a USD 15.6 billion deal with Airbus, but has made no decision yet, the firm's president said on Wednesday.
