VA Tech Wabag inks JV with Omanese Firm
Private equity backed VA Tech Wabag Ltd is forming a joint venture with Oman-based business group Zawawi Trading Company LLC (ZTC) to tap into the operation and maintenance business in the water space in the Middle Eastern nation.
Nifty ends flat; ADAG, realty, capital goods dip, IT gains
Indian benchmarks closed extremely volatile session on a flat note on Monday while broader markets underperformed benchmarks. The 50-share NSE Nifty settled at 5654.75, up just 0.2 points, after trading in a range of 5625-5680.
Hind Zinc Dec qtr PAT seen down at Rs 1126cr: Angel Broking
Angel Broking has come out with its earning estimates on Metal sector for the quarter ended December 2010. According to the research firm, Hindustan Zinc December quarter sales are expected to go up by 7.1% at Rs 2374 crore, Year-on-Year, (YoY) basis.
Accumulate HDFC; target of Rs 786: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Housing Development Finance Corporation (HDFC) and has recommended accumulate rating on the stock with a target of Rs 786 in its January 14, 2011 research report.
Hindalco Dec qtr PAT seen up at Rs 606cr: Angel Broking
Angel Broking has come out with its earning estimates on Metal sector for the quarter ended December 2010. According to the research firm, Hindalco December quarter sales are expected to go up by 17.3% at Rs 17749 crore, Year-on-Year, (YoY) basis.
Inflation to ease to 6.5% by March: Secretary
Inflation is expected to ease to around 6.5% by end-March, Finance Secretary Ashok Chawla said on Monday.
Triveni Engg signs renewal license agreement with Lufkin Inds
Triveni Engg has signed renewal of its license agreement with Lufkin Inds for a term of twelve years.
VA Tech Wabag signs JV agreement with Zawawi Trading
VA Tech Wabag has signed JV agreement with Zawawi Trading to tap the operation and maintenance business in the water space in Oman.
Abhishek Ind complets expansion of manufacturing capacities of Terry Towel
Abhishek Industries has completed expansion of manufacturing capacities of Terry Towel under which company has installed 14 new looms.
Axis Bank Q3 net profit up 35.82% at Rs 891 cr
Private sector lender Axis Bank has announced its results for the quarter ended December 2010. It has reported net profit of Rs 891 crore in Q3FY11 as against Rs 656 crore Q3FY10, a growth of 35.82%.
L&T Dec qtr PAT seen up 3.4% at Rs 720cr: Angel Broking
Angel Broking has come out with its earning estimates on Infrastructure sector for the quarter ended December 2010. According to the research firm, Larsen and Toubro (L&T) December quarter sales are expected to go up by 26.4% at Rs 10202 crore, Year-on-Year, (YoY) basis.
DQ Entertainment signs French CO production deal for ‘Little Nick’
DQ Entertainment has signed French CO production deal for ‘Little Nick’.
PFC Q3 net profit jumps 17% at Rs 659 cr
State-run and finance provider for power sector Power Finance Corporation (PFC) has declared its results for the quarter ended December 2010. It has reported net profit at Rs 659 crore in Q3 as against Rs 563.7 crore in Q3FY10, a growth of 16.91%.
Four Soft strengthens market focus in Japan with Suzuyo partnership
Four Soft strengthens market focus in Japan with Suzuyo partnership.
HDFC advances 3%
Housing Development Finance Corporation (HDFC) touched an intraday high of Rs 663.50 and an intraday low of Rs 638. At 15:03 hrs the share was quoting at Rs 661.10, up Rs 19.55, or 3.05%.
Punjab & Sind Bank enters into tie-up with HCL Infosys
Punjab & Sind Bank has entered into a tie-up with HCL Infosys for provision of Smart Card based technology solution.
Edelweiss ELSS Fund declares dividend
Edelweiss ELSS Fund has announced a dividend, for which the record date is on January 21, 2011.
L&T announces Q3 results; stock slips
L&T touched an intraday high of Rs 1,732.70 and an intraday low of Rs 1,666.70. At 14:59 hrs the share was quoting at Rs 1,696.00, down Rs 14.05, or 0.82% on the NSE. It has reported a net profit at Rs 840.6 crore in Q3FY11 as against Rs 768.8 in same period of previous year, a growth of 9.34%.
Steel Strips Wheels bags 6 lakh wheel orders from Peugoet Citroen of France
Steel Strips Wheels has bagged 6 lakh wheel orders from Peugoet Citroen of France.
Daily revenue loss on fuel sales at Rs 159cr: IOC
State-run Indian Oil Corp is making a daily revenue loss of Rs 159 crore (USD 35 million) for selling diesel and cooking fuels at government-fixed cheaper rates, the company said.
RBI head says facing surging inflation
The Reserve Bank of India (RBI) chief said on Monday the country is facing surging inflation and it needs to calibrate monetary policy in order to manage inflation and also support growth.
L&T Q3 net profit jumps 9.34% at Rs 840.6 cr
Engineering firm Larsen & Toubro (L&T) has announced its results for the quarter ended December 2010. It has reported a net profit at Rs 840.6 crore in Q3FY11 as against Rs 768.8 in same period of previous year, a growth of 9.34%.
Kavveri Telecom Products to allot equity shares
Kavveri Telecom Products has its Board of Directors meeting on February 02, 2011 to allot equity shares.
Transport Corporation of India to consider interim dividend
Transport Corporation of India has its Board of Directors meeting on January 20, 2011 to consider payment of interim dividend.
Nifty hovers around 5650; broader indices slip 1%
At 14:37 hours IST - Indian benchmarks were extremely volatile in trade today, especially after consistent heavy fall in previous sessions. Broader indices were seeing more than compared to benchmarks.
