Global mkts: Portugal debt auction looms
The euro rose against the dollar on Wednesday, along with Asian stocks, but caution towards the currency is likely to set in ahead of key bond sales by highly indebted eurozone members Portugal and Spain.
Rupee to rise to 1-week high on broad $ drop
The rupee should strengthen to fresh one-week highs on Wednesday, taking cues from the dollar's drop against major currencies.
Goldman's accounting still hazy, investors say
Goldman Sachs Group Inc is partially pulling back the curtain on a balance sheet some have criticized as opaque, but the change is unlikely to provide all the answers some investors want.
US to press China on yuan, economy ahead of Hu visit
The United States wants a "real, demonstrative commitment" from China that it is serious about shifting away from export-led economic growth, a US official told Reuters on Tuesday ahead of next week's state visit by China's Hu Jintao.
Watchdog probes SEC handling of Citi settlement
The internal watchdog at the US Securities and Exchange Commission is investigating whether the SEC enforcement director's friendship with a Citigroup defense attorney led him to drop fraud charges against two of the company's executives last year.
Underwriting Auctions for Government Securities
Underwriting Auctions for Government Securities
Nifty erases gains post disappointing IIP data
At 11:18 hours IST - the benchmark Nifty erased all its early trade gains after disappointing industrial output data. Auto, oil & gas and healthcare companies' shares along with L&T, Tata Steel, Wipro, NTPC, Reliance Communications, HUL, Tata Power and DLF were dragging the markets down.
India's food security bill to be delayed by a year?
India's proposed food security bill will take at least a year to be finalised, delaying a key vote-winning policy for the ruling Congress party as crucial state elections loom, the Financial Express reported on Wednesday.
Buy Kewal Kiran; target of Rs 702: Firstcall Research
Firstcall Research is bullish on Kewal Kiran Clothing and has recommended buy rating on the stock with a target of Rs 702 in its January 11, 2011 research report.
Nov IIP growth weak at 2.7% MoM
Industrial output growth has slowed down to 2.7% (MoM) in the month of November. According to a CNBC-TV18 poll it was expected to be at 6.29% (YoY).
Buy Aurobindo Pharma; tgt of Rs 1645: Karvy Stock Broking
Karvy Stock Broking is bullish on Aurobindo Pharma and has recommended buy rating on the stock with a target of Rs 1645 in its January 11, 2011 research report.
Phone chats plus web program help smokers quit: Study
Trying to quit smoking as part of New Year's resolutions? Personalized phone counselling along with web-based guidance may help, according to a study.
Sensex choppy; L&T, Tata Steel, HUL, Rel Comm slip
At 10:32 hours IST - equity benchmarks were trading with moderate gains amid extreme volatility today. Indices rebounded after a fall in previous six sessions - the Nifty has been trying to get back above 5800 level.
Short Mah and Mah; target of Rs 670/625: Aditya Birla Money
Aditya Birla Money is bearish on Mahindra and Mahindra and has recommended short rating on the stock with a target of Rs 670/625 in its January 12, 2011 research report.
Buy United Phos; target of Rs 175-180: Aditya Birla Money
Aditya Birla Money is bullish on United Phosphorous and has recommended buy rating on the stock with a target of Rs 175-180 in its January 12, 2011 research report.
Australia coal losses mount as floods persist
Australia's devastating floods could remove 5% or more of steelmaking coal from world markets, a major bank estimated on Wednesday, as signs emerged that damage and disruption to coal infrastructure continued to spread with the floodwaters.
L&T's finance arm IPO likely this quarter
Larsen & Toubro is likely to have an initial public offer this quarter for its finance arm, a senior company official said on Wednesday.
Tata Steel FPO to open on Jan 19: Sources
Country's largest steel maker Tata Steel is going to launch its follow-on public offer (FPO) soon. On Tuesday, the board of directors approved 5.7 crore shares FPO.
Buy Federal Bank; target of Rs 390: IIFL
IIFL is bullish on Federal Bank and has recommended buy rating on the stock with a target of Rs 390 in its January 12, 2011 research report.
Buy Bharti Airtel; target of Rs 352: IIFL
IIFL is bullish on Bharti Airtel and has recommended buy rating on the stock with a target of Rs 352 in its January 12, 2011 research report.
Prajay Engg allots 1.09cr shrs upon conversion of warrants
Prajay Engineers Syndicate has allotted 1.09 crore shares upon conversion of warrants, reports CNBC-TV18. It touched an intraday high of Rs 17.20 and an intraday low of Rs 16.55. At 09:47 hrs the share was quoting at Rs 16.90, up Rs 0.55, or 3.36%.
Shekhawati Poly-Yarn debuts at Rs 50 on NSE
Textile firm Shekhawati Poly-Yarn's shares started the first session at Rs 50, a premium of 66.67% over an issue price of Rs 30 a share on National Stock Exchange.
Valecha Eng bags orders worth Rs 194.5 cr; stk gains
Valecha Engineering has bagged orders worth Rs 194.5 crore, reports CNBC-TV18. It touched an intraday high of Rs 135 and an intraday low of Rs 117.75. At 09:43 hrs the share was quoting at Rs 118.80, up Rs 4.55, or 3.98%.
iGate-Patni Deal May Trigger Consolidation Wave: Analysts
The much-touted iGate-Patni deal has finally seen light of day. Will the deal spur a wave of consolidation in Indian IT services firm? Will both entities face integration challenges?
Clarus Infra sells 1.95 Lk shares of Chhattisgarh Ind
On January 11, 2011 Clarus Infrastructure Realties Limited sold 195,501 shares of Chhattisgarh Industries at Rs 7.36. However, Prism Impex Private Limited bought 200,000 shares at Rs 7.36. Yesterday the share closed at Rs 7.34.
