The trebling of onion prices in India is not just making street hawker Kamlesh Gupta struggle to keep his children in school but is now threatening the stability of the Congress party-led coalition government.
LKP is bullish on Suprajit Engineering and has recommended buy rating on the stock with a target of Rs 31 in its January 14, 2011 research report.
Government Stock - Auction Results
REI Agro has announced its results for the quarter ended December 2010. It has reported net profit at Rs 81.4 crore as against Rs 34.2 crore, a growth of 138.01% on year-on-year basis.
Hindustan Media Ventures has announced its results for the quarter ended December 2010. It has reported net profit at Rs 11.7 crore as against Rs 4.3 crore, a growth of 172.09% on year-on-year basis.
All major indices were on sellers' radar. The BSE Capital Goods and Bankex were down over 5.5%. Oil & Gas and Real Estate indices fell 5% each.
Amara Raja Batteries has its Board of Directors meeting on January 24, 2011 to consider special dividend.
GlaxoSmithkline has its Board of Directors meeting on February 02, 2011 to consider dividend for the year ended December 31, 2010.
Sacheta Metals has its Board of Directors meeting on January 15, 2011 to allot shares to proposed Preferential Allottes.
Sun Tv Network has fixed February 3, 2011 as the 'Record Date' for interim dividend.
Singer India promoters have sold 2433 equity shares on January 13, 2011 in the secondary market.
JMD Telefilms has launched specific MOBILE VAS services.
Kansai Nerolac Paints has divested its 49% stake in Nipa Chemicals an unlisted Indian Co, for an amount of Rs 25.72 crore.
The annual headline inflation in January is seen lower than that in December, Chief Economic Adviser to the Finance Ministry Kaushik Basu said on Friday.
Orient Global has initiated the second round of part exit from Yes Bank. The private equity fund that had invested Rs 330 crore in December 2007 has pocketed an estimated 18% return on its three year old investment in latest share sale at Rs 265 per share.
At 14:52 hours IST - equity benchmarks broke key psychological levels today - the Sensex breached the 19,000-mark and the Nifty was trading well below 5700 level, which was the strong support, say experts.
Asit C. Mehta is bearish on GRUH Finance and has recommended sell rating on the stock with a target of Rs 374 in its January 14, 2011 research report.
Blackstone-backed BPO firm Intelenet Global, has made an offer to buyout 25.06% it does not own in stock exchange-listed outsourcing firm Sparsh BPO Services Ltd with a floor or minimum price of Rs 68.6 per share.
Tata Motors was among major losers on the Nifty. It touched an intraday high of Rs 1,225 and an intraday low of Rs 1,176. At 14:45 hrs the share was quoting at Rs 1,178.70, down Rs 58, or 4.69%.
Axis Bank touched an intraday high of Rs 1,279 and an intraday low of Rs 1,201.10. At 14:41 hrs the share was quoting at Rs 1,202.05, down Rs 67.15, or 5.29%.
On a dark winter evening, while rushing home after a hectic day in office, I received a hassled call from my little daughter who, on the other side of the phone said, “ Mummy my friend Mansi’s father has died.” I was surprised no end but did not have the courage to talk further.
Tata Consultancy Services, TCS is to announce it third quarter results. According to CNBC-TV18 estimates, its revenues are seen up 3.96% to Rs 9653.82 crore, quarter-on-quarter, QoQ.
Firstcall Research is bullish on TTK Prestige and has recommended buy rating on the stock with a target of Rs 1750 in its January 13, 2011 research report.
At 14:14 hours IST - equity benchmarks slipped in red again, after showing smart recovery of 300 points on the Sensex from day's low in last couple of hours. Heavyweights like HDFC, L&T, Reliance Industries, SBI, HDFC Bank, Tata Motors and BHEL dragged the markets down.
IIFL is bullish on Everonn Education and has recommended buy rating on the stock with a target of Rs 615 in its January 14, 2011 research report.