latest news

Credit Suisse upgrades HCL Tech to outperform

HCL Technologies touched a 52-week high of Rs 492.40. At 11:07 hrs the share was quoting at Rs 486.00, up Rs 21.75, or 4.68%. Credit Suisse has upgraded the company to outperform rating with a target of Rs 600, reports CNBC-TV18.

Buy HDIL; target of Rs 302: Angel Broking

Angel Broking is bullish on Housing Development and Infrastructure (HDIL) and has recommended buy rating on the stock with a target of Rs 240 in its January 10, 2011 research report.

Hexaware confident of posting 6.5% growth rate

Hexaware’s board has approved a 1:1 bonus share issues, on the occasion of the company completing 20 years, says Atul Nishar, chairman of the company, in an exclusive interview on CNBC-TV18.

Buy Voltas; target of Rs 240: Firstcall Research

Firstcall Research is bullish on Voltas and has recommended buy rating on the stock with a target of Rs 240 in its January 10, 2011 research report.

HDFC Dec qtr PAT seen up 23% at Rs 826cr: KRChoksey

KRChoksey has come out with its earning estimates on banking and financial sector for the quarter ended December 2010. According to the research firm, HDFC December quarter net interest income (NII) are expected to go up by 22% to Rs 1223 crore, Year-on-Year, (Y-o-Y) basis.

Nifty holds 5800; oil & gas, financials, telecom lead

At 10:52 hours IST - equity benchmarks were extremely volatile in trade with a positive bias, supported by oil & gas, financial, telecom, metal (except SAIL) and infrastructure companies' shares.

Buy Shiva Texyarn; target of Rs 80: Sunidhi Securities

Sunidhi Securities is bullish on Shiva Texyarn and has recommended buy rating on the stock with a target of Rs 80 in its January 10, 2011 research report.

Dynamic India Fund sells 5.5 Lk shares of Va Tech Wabag

On January 10, 2011 Capital Intl A/c Capital Intl Emerging Markets Fund bought 313,559 shares of Va Tech Wabag at Rs 1,549.99. Capital Intl A/c Emerging Markets Growth Fund Inc bought 633,821 shares at Rs 1,549.99 on the BSE.

Labh Share And Stock buys 2.73 Lk shares of Spectacle Info

On January 10, 2011 Bhavesh Prakash Pabari sold 481,100 shares of Spectacle Infotek at Rs 30.30 on the BSE. However, Labh Share And Stock Private Ltd bought 273,300 shares at Rs 30.30. Yesterday the share closed at Rs 30.30.

Credit Suisse sells 81213 shares of Everonn Edu

On January 10, 2011 Credit Suisse (singapore) Limited A/c Credit Suisse (singap) sold 81,213 shares of Everonn Education at Rs 585.09 on the NSE. Yesterday the share closed at Rs 575.15.

Biocon: Oral insulin fails to meet primary target

Biocon on Tuesday said initial data from late-stage clinical trials on its experimental oral insulin drug for diabetes did not meet the desired results, but said it was committed to the global development of the drug.

China vows tougher punishments for copyright piracy

China has arrested more than 4,000 people for violating intellectual property rights (IPR) since November and will enforce tougher punishments to combat the "rampant" problem, a senior government official said on Tuesday.

Genzyme confirms Sanofi talks, quick deal hopes cool

Genzyme Corp acknowledged on Monday that it was discussing a takeover deal with French drugmaker Sanofi-Aventis, but hopes for a quick agreement cooled as both sides noted differences remain.

5 interesting IPOs to watch in 2011: Mehta Equities

The research firm Mehta Equities said one should watch out for five interesting IPOs in 2011, which are Micromax, Tata Autocomp Systems, IOT Infrastructure, L&T Finance and HPCL-Mittal Energy.

Sensex volatile; TCS, Infosys, HDFC Bank, DLF slip

At 10 hours IST - the benchmark Sensex erased about 150 points from early trade highs and turned extremely choppy. On one side, private financial, realty and technology companies' shares along with L&T and ITC were witnessing selling pressure.

iGate's open offer for Patni to start on March 4

iGate’s open offer for Patni will start on March 4 and close on March 23, reports CNBC-TV18 quoting NewsWire18.

Navin Fluorine gets 1.34 mn carbon credits; stock up 2.6%

Navin Fluorine International has got 1.34 million carbon credits worth nearly 16 million Euro, reports CNBC-TV18. It touched an intraday high of Rs 297 and an intraday low of Rs 282.50. At 09:56 hrs the share was quoting at Rs 288.75, up Rs 7.55, or 2.68%.

Buy HDFC; target of Rs 685: IIFL

IIFL is bullish on HDFC and has recommended buy rating on the stock with a target of Rs 685 in its January 11, 2011 research report.

Nifty has resistance at 5790-5830: ICICIDirect

ICICIDirect.com has come out with a pre-market research report. The research firm says, the Nifty is expected to find support at 5720-5650 and resistance at 5790-5830.

Expect rupee to remain steady today: Karvy

Karvy Stock Broking has come out with a research report on currencies. The research firm expects Indian rupee to remain steady for the day.

Sell Maruti; target of Rs 1282: IIFL

IIFL is bearish on Maruti and has recommended sell rating on the stock with a target of Rs 1282 in its January 11, 2011 research report.

Japan to buy euro zone bonds to bolster EFSF

Japan will purchase euro zone bonds to bolster confidence in the European Financial Stability Facility as the euro zone struggles with a prolonged debt crisis, Japan's finance minister said on Tuesday, boosting the euro.

Quick look at Windows Phone 7’s first few handsets

The Windows Phone 7 OS (microsoft.com/windowsphone) looks good enough to stand shoulder-to-shoulder with Apple iOS and Google Android (or at least at their elbows). HTC, Samsung and LG have handsets ready to go, all sporting impressive specs.

The X chromosome: Women in the workforce

Sylvia Ann Hewlett, economist, author, teacher and speaker tells Forbes India that women need new role models and should take risks to build a flourishing career.