Industrial output growth slumps in November
India's annual industrial output in November grew at its slowest in a year and a half, partly on seasonal factors, and the Reserve Bank may stay on course to raise rates later this month to combat inflation.
RBI Reference Rate for US $ and Euro
RBI Reference Rate for US $ and Euro
TTK Prestige signs MOU with Government of Gujarat
TTK Prestige has signed MOU with Government of Gujarat for establishing a state of art facility for manufacture of Pressure Cookers and Kitchenware.
Rel MediaWorks ups stake to 35.4% in Fame India
Fame India touched an intraday high of Rs 73.40 and an intraday low of Rs 59.35. At 12:30 hrs the share was quoting at Rs 63.70, down Rs 6.45, or 9.19%. Reliance MediaWorks has increased stake to 35.4% from 11.77% in the company post open offer, reports CNBC-TV18.
Tata Arm Buys Content Delivery Network Firm BitGravity
After investing $11.5 million in content delivery network BitGravity Inc in 2008, Tata Communications has now acquired the California-based company for an undisclosed amount.
Bank Of Maharashtra revises base rate from 9.00% to 9.50%
Bank Of Maharashtra has revised base rate from 9.00% to 9.50% with effect from January, 10, 2011.
FY11 industrial output seen around 10%: Ahluwalia
Industrial output growth for the current fiscal year ending in March could be around 10%, Montek Singh Ahluwalia, deputy chairman of the Planning Commission said on Wednesday.
Mulling steps to improve industrial output: Mukherjee
The government is looking to take corrective measures to improve industrial output, Finance Minister Pranab Mukherjee said on Wednesday.
Tata Steel melts down
Tata Steel touched an intraday high of Rs 650 and an intraday low of Rs 626.20. At 11:58 hrs the share was quoting at Rs 629.60, down Rs 18.00, or 2.78%.
IndusInd Bank revises interest rates on domestic term deposits 10% per annum
IndusInd Bank has revised interest rates on domestic term deposits 10% per annum for Senior Citizens for 400 and 999 days.
L&T among major losers
Larsen and Toubro (L&T) was among major losers on the Sensex. It touched an intraday high of Rs 1,800 and an intraday low of Rs 1,730.80. At 11:55 hrs the share was quoting at Rs 1,732, down Rs 53.50, or 3%
Tata Comm to acquire BitGravity
Tata Communications has announced definitive agreement to acquire BitGravity.
Bharat Electronics; February 03, 2011 record date for interim dividend
Bharat Electronics has fixed February 03, 2011 as the 'Record Date' for interim dividend.
Reliance Communications plummets 3%
Reliance Communications touched an intraday high of Rs 139.70 and an intraday low of Rs 132.80. At 11:52 hrs the share was quoting at Rs 133.60, down Rs 4.20, or 3.05%.
Nov industrial output up 2.7% YoY
India's industrial output in November rose a slower-than-expected 2.7% from a year earlier, well below the previous month's revised annual growth of 11.3%, government data showed on Wednesday.
Tata Motors top gainer on Nifty
Tata Motors was the top gainer on the Nifty. It touched an intraday high of Rs 1,198.50 and an intraday low of Rs 1,176. At 11:50 hrs the share was quoting at Rs 1,195, up Rs 36.95, or 3.19%.
Liquidity Adjustment Facility : Auction Results
Liquidity Adjustment Facility : Auction Results
Earning estimates for Dec' 10 quarter results: Angel
Angel Broking has come out with report on earning estimates for Dec' 10 Quarters. According to the research firm, Sensex did make an all-time high during the quarter, extending the positive momentum of the previous quarter.
BHEL may drop JV plan with Bharat Electronics
Bharat Electronics touched an intraday high of Rs 1,690 and an intraday low of Rs 1,645. At 11:25 hrs the share was quoting at Rs 1,650.05, down Rs 38.55, or 2.28%. According to Sources, BHEL may drop JV plan with the company for PV operations, quoting NewsWire18, reports CNBC-TV18.
Facebook-Winklevoss twins case goes to court
Cameron and Tyler Winklevoss found a skeptical audience on Tuesday as they tried to convince a US appeals court to let them out of a USD 65 million settlement over the founding of online social network Facebook.
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.
