Karthikeyan lined up for F1 comeback
Narain Karthikeyan announced his Formula One comeback on Thursday after signing a deal with the struggling HRT team.
Beckham signing would be high risk, says Keegan
Signing LA Galaxy's David Beckham on a short-term loan would be a big gamble, according to his former England manager Kevin Keegan.
Tata Steel withdraws Dec qtr performance statement
Tata Steel late on Thursday said it was withdrawing an earlier announcement on its December quarter performance in India, due to an error in the statement.
State your mission in 8 words: Management tip of the day
A concise mission statement can help you attract investors, rally your employees, and win customers, according to Harvard Business Review.
FIFA hands out USD 40 million from World Cup to clubs
FIFA is handing out USD 40 million to clubs whose players took part in last year's World Cup, though that may not placate European clubs who have labelled the fixed-payment system unrealistic.
Robert De Niro to head 2011 Cannes Film Festival
Hollywood heavyweight Robert De Niro will head up the jury at this year's Cannes film festival, organisers said on Thursday.
Support for Nifty at 6031-5965: Gaba
The support for the Nifty is at 6031-6005-5965 and resistance at 6100.
Nifty likely to witness range of 6110-5975: Bhambwani
The coming session is likely to witness a range of 6110 on advances. Support is likely at the 5975. The bullish pivot for the session is likely at the 6085 levels and the bearish pivot at the 6055 levels.
10-year yield seen between 8.15- 8.25%: Narayan
The bond market is worried about possible monetary policy action as a result of high inflation. Liquidity continues to ease. I expect higher underwriting cut-offs in today's auction and this could raise some concerns amongst market participants. The 10-year yield is seen between 8.15- 8.25%, says Anantha Narayan, Standard Chartered Bank.
Rupee seen between 45.20-45.60/$ range: Brahmbhatt
The rupee is likely to be muted on the dollar's strength overnight, weak equity market cues and soft precious metal prices. The range for the day is seen between 45.20-45.60/$, says Pramit Brahmbhatt, Alpari India.
Market cues: FIIs net sell $20.4 mn
Market cues: FIIs net sell USD 20.4 million in cash market on Jan 05.
F&O cues: Total Nifty Futures up Rs 166 crore
F&O cues: Total Nifty Futures was up Rs 166 crore and Total Options was up Rs 5213 crore.
High inflation in Asia would imply more tightening: CLSA
Higher rate of inflation in Asia would imply more monetary tightening than currently discounted by markets, says Chris Wood of CLSA.
Asian markets trading lower; Hang Seng, Nikkei down
At 7: 53 am (IST), Asian markets were trading lower. China's Shanghai Composite was flat at 2,821.97. Hong Kong's Hang Seng was down 0.29% or 68.82 points at 23,717.68. Japan's Nikkei was down 0.15% or 15.39 points at 10,514.37. Singapore's Straits Times shed 0.51%or 16.65 points at 3,263.05.
FIIs, DIIs net sell Rs 723 cr in equities on Jan 6 (prov)
BSE Capital Goods Index was down 2% and Auto Index down 1.5%. Cement stocks traded lower on negative Fitch report. Ambuja Cements ended down 5.4% and ACC was down 4.17%.
Crude slips more than 2%; trading at $ 88.90/bbl
Oil prices meanwhile tumbled more than 2% on to below USD 89 a barrel as a stronger dollar and weaker US equities deterred buyers. Currently it is trading at 88.90 per barrel.
Indian ADRs: HDFC Bank, Sterlite slip 4%
Indian ADRs ended mostly in red on Thursday. In the telecom space, Tata Communication was down 1.98% at $ 11.41 while MTNL was unchanged at $ 2.5. In the banking space, HDFC Bank was down 4.07% at $ 156.55 and ICICI Bank was down 2.99% at $ 46.08.
Wall Street ends mixed; Crude slips more than 2%
US markets ended mixed as the Dow's rally skidded to a halt as retailers reported weaker-than-expected December sales & uninspiring weekly jobless claims.
US mkts continue to consolidate amid uninspiring eco data
The Dow Jones Industrial Average ended down 26 points at 11,697. The Nasdaq Composite rose 8 points at 2710 while the S&P 500 Index fell 3 points at 1274.
SAIL scouts for tech provider for CRGO steel
SAIL has begun to scout for a technology provider for the production of ‘cold-rolled grain-oriented' steel in India — a kind of steel that is used in electrical transmission and is five times as costly as cold rolled steels.
Indian telecom network grows by 40% in 2010
Indian Telecom Network Grows by 40 Percent in 2010
Facebook is most visited website of the year
Facebook has topped the charts this year for being the most visited website, leaving a trail of social networking dust and Google in second place.
Hind Copper FPO unlikely this fiscal: Sources
The follow-on public offer of Hindustan Copper is unlikely to happen this fiscal year, reports CNBC-TV18 quoting sources from the finance ministry. This information comes at a time when the Empowered Group of Ministers (EGoM) met the finance minister to discuss the issue.
UltraTech's cement production for April-December
The Aditya Birla Group Company UltraTech’s Cement production for the period April-December 2010 has moved up by 3.75% at 279.88 lac mt as against 269.77 lac mt during April-December 2009.
