Nelcast to consider payment of special dividend
Nelcast has its Board of Directors meeting on January 17, 2011 to consider payment of special dividend if any.
Buy Exide Industries; target of Rs 180: IIFL
IIFL is bullish on Exide Industries and has recommended buy rating on the stock with a target of Rs 180 in its January 5, 2011 research report.
Suzlon chairman: 'No question' of family exiting firm
The controlling shareholder of Indian wind turbine maker Suzlon Energy said there is "no question" of exiting the company, after media reports on Tuesday said a rival was looking to buy a controlling stake.
BofA Merrill upgrades Infosys to buy
Bank of America Merrill Lynch has raised Indian software services provider Infosys Technologies to buy from neutral, according to a note seen by Reuters.
Murli Deora signals no hike in diesel prices
The government is trying for no further increase in the domestic price of diesel, Oil Minister Murli Deora told reporters on Wednesday.
December services PMI slips from Nov's 4-mth high
Growth in India's service sector eased in December from a four-month high the previous month, reflecting a slightly slower expansion in new business, a survey showed on Wednesday.
Gujarat NRE sees floods raising coking coal demand
Gujarat NRE Coke sees demand for coking coal from its Australian unit 'rising substantially' after floods there hit supplies to Asian steelmakers, a senior official said on Wednesday.
IDFC to sell tax-free infra bonds from Jan 17
Infrastructure Development Finance Company said on Wednesday it will open sale of tax-free infrastructure bonds with a face value of Rs 5,000 each on January 17, raising upto Rs 2929 crore for the firm.
US economy still weak despite improvements
Federal Reserve officials in December felt the US economic recovery was still weak enough to warrant monetary support despite growing signs of strength, Fed meeting minutes released on Tuesday showed
Add Power Grid Corporation; target of Rs 110: IIFL
IIFL has recommended add rating on Power Grid Corporation (PGCIL) with a target of Rs 110 in its January 4, 2011 research report.
Sensex southbound; ICICI Bank, ONGC, SBI, HDFC drag
At 10:35 hours IST - equity benchmarks were trading with moderate losses amid volatility, due to sell-off in financial, metal, telecom, FMCG and realty companies' shares along with ONGC, BHEL, Infosys and Cipla.
Welspun India advances 9.7%
Welspun India touched an intraday high of Rs 68 and an intraday low of Rs 62.55. At 10:26 hrs the share was quoting at Rs 66.50, up Rs 5.90, or 9.74%.
Hinduja Foundries ops at Ennore unit disrupt; stk down
Hinduja Foundries operation at Ennore unit has disrupted from January 4 on wage issues, reports CNBC-TV18. It touched an intraday high of Rs 112 and an intraday low of Rs 107.50. At 10:23 hrs the share was quoting at Rs 108.10, down Rs 3.80, or 3.40%.
Trimax IT Infrastructure plans IPO
Trimax IT Infrastructure and Services intends to file for an initial public offering during the current calendar year, a top company official said.
Nifty has support at 6120-6080: ICICIDirect
ICICIDirect.com has come out with a pre-market research report. The research firm says, the Nifty is expected to find support at 6120-6080 and resistance at 6180-6210.
BOC India sets delisting floor price of Rs 225.29/sh
BOC India has set delisting floor price of Rs 225.29 per share, reports CNBC-TV18. It touched an intraday high of Rs 360 and an intraday low of Rs 355.50. At 09:36 hrs the share was quoting at Rs 357 up Rs 1.85, or 0.52%.
Natco Pharma seeks voluntary licence from Pfizer; stk gains
Natco Pharma has sought a voluntary licence from Pfizer to make and sell copies of US company's HIV drug in India, reports The Economic Times. It touched an intraday high of Rs 349 and an intraday low of Rs 323. At 09:33 hrs the share was quoting at Rs 327.95, up Rs 8.70, or 2.73% on the NSE.
In search of the perfect potato: Mc Donalds in India
Soon after setting shop in India, McDonalds’ Vikram Bakshi knew he had a problem — the signature French Fries weren’t right. It took him nine years and several experiments to get it right
Private Equity: Pricing imagination
The private equity scene has made a decisive turnaround and HNIs are pouring money in decade-long bets.
M&M to hike vehicle prices by average 1%; stk slips
Mahindra and Mahindra (M&M) is going to hike vehicle prices by average 1% in 4-5 days, quoting NewsWire18, reports CNBC-TV18. It touched an intraday high of Rs 781.25 and an intraday low of Rs 772.10. At 09:30 hrs the share was quoting at Rs 774.90, down Rs 6.35, or 0.81% on the NSE.
Praj Ind signs agreement with Qteros; stk up
Praj Industries has signed agreement with Qteros for Cellulosic Ethenol, reports CNBC-TV18. It touched an intraday high of Rs 88.50 and an intraday low of Rs 86.70. At 09:26 hrs the share was quoting at Rs 88.25, up Rs 0.95, or 1.09% on the NSE.
News Roundup: PE-backed Trimax Plans Rs 350Cr IPO
Trimax IT Infrastructure and Services intends to file for an initial public offering during the current calendar year. The company will raise between Rs 250-350 crore through the IPO route.
NAVs end with negative returns; banking funds dip
Equity diversified NAVs ended lower with advance:decline ratio of 52:197 as the benchmark Nifty closed the rangebound session with moderate losses. The sell-off in financial, telecom, capital goods, auto and realty companies' shares weighed on markets.
L&T to be split into nine firms: Report
India's top engineering and construction company, Larsen & Toubro, has started a restructuring plan to split the conglomerate into nine companies, the Economic Times reported on Wednesday.
