IDBI Bank ups deposit rates by 25-75 bps; stk down
IDBI Bank has increased deposit rates by 25-75 bps, reports CNBC-TV18. It touched an intraday high of Rs 167.40 and an intraday low of Rs 162.10. At 15:14 hrs the share was quoting at Rs 162.65, down Rs 3.35, or 2.02%.
Sensex lacklustre; SBI, ICICI Bank, HDFC Bank, ONGC dip
At 15:01 hours IST - equity benchmarks were lacklustre in trade and were hovering just around their previous closing values. Consistent sell-off in financial, telecom, capital goods, realty and select auto companies' shares along with TCS and ONGC were putting pressure on markets.
Sundaram PSU Opprtunities Fund declares maiden dividend
Sundaram PSU Opprtunities Fund has announced a dividend, for which the record date is on January 07, 2011.
Jindal Saw signs mining lease pact with Rajasthan
Steel pipemaker Jindal SAW said on Tuesday it has executed a mining lease agreement for 30 years with Rajasthan for iron ore mines in the state.
Citi fraud: Money trail traced to Nifty index options
Investigations into the Citibank fixed deposit scam reveals that a majority of the money was routed from Religare and Bonanza to the derivative market, say Gurgaon Police sources. This money was invested into Nifty index options.
Mandhana Industries surges 19%
Mandhana Industries touched an intraday high of Rs 314.85 and an intraday low of Rs 285.35. At 14:47 hrs the share was quoting at Rs 312, up Rs 49.60, or 18.90%.
ICICI Bank top loser on Sensex
ICICI Bank was the top loser on the Sensex. It touched an intraday high of Rs 1,147 and an intraday low of Rs 1,101.10. At 14:43 hrs the share was quoting at Rs 1,106.60, down Rs 37.00, or 3.24%.
HUL touches 52-week high
Hindustan Unilever (HUL) touched a 52-week high of Rs 329.45. At 14:42 hrs the share was quoting at Rs 327.20, up Rs 14.10, or 4.50%.
Electrotherm Chooses Microsoft To Enhance Productivity
Electrotherm has announced the deployment of several IT solutions from Microsoft to ensure a transition to the next level of productivity and growth.
Buy Tata Steel; target of Rs 1017: Motilal Oswal
Motilal Oswal is bullish on Tata Steel and has recommended buy rating on the stock with a target of Rs 1017 in its January 3, 2011 research report.
Nifty choppy; RIL, ITC, HUL, NTPC, Infy gain further
At 14:14 hours IST - the 50-share NSE Nifty rebounded in afternoon trade, especially due to further buying in heavyweight Reliance Industries followed by FMCG, technology, power, healthcare and select metal companies' shares.
Govt seeks French partners to build motorways
The government would like French companies to help develop its fast-growing motorway network, minister for road transport Kamal Nath said in an interview with French daily Le Figaro published on Tuesday.
India investigating Kraft for possible tax evasion
India's ministry of finance is investigating whether Kraft Foods evaded taxes in its USD 19 billion takeover of Cadbury last year, the New York Times Dealbook reported on Monday.
Eleven stocks to be shifted to trade-for-trade
The National Stock Exchange (NSE) will be shifting 11 stocks from rolling segment (series: EQ) to trade for trade segment (series: BE) with a price band of 5% with effect from January 07, 2011 (Friday).
ONGC, GAIL agree to reinforce ties in areas of Natural Gas and Petrochemicals
ONGC and GAIL has agreed to reinforce ties in areas of Natural Gas and Petrochemicals.
Raj Rayon allots 1 cr warrants with convertible option on preferential basis
Raj Rayon Industries has allotted 1 crore warrants with convertible option on preferential basis.
Union Bank of India’s business crosses Rs 3.20 lakh crore
Union Bank of India’s business has crossed Rs 3.20 lakh crore.
Balkrishna Industries repaid 4.5% Foreign Currency Convertible Bonds
Balkrishna Industries has repaid 4.5% FCCB ('Series B') of USD 22 million along with redemption premium due thereon on due date December 30, 2010.
Toshiba Launches Tablet To Challenge iPad
Toshiba Corp is making its foray into the tablet war, offering a 10-inch device it says will be comparable in price to Apple's iPad.
2000 July Money Multiplier Bond Rs 5000 of ICICI Bank to be suspend
2000 July Money Multiplier Bond Rs 5000 (Symbol - ICICI0800, Series- N7) of ICICI Bk shall be suspended w.e.f. Jan 27 on account of final redemption.
Rebound in Dec automobile sales: Way2Wealth
Way2Wealth has come out with a report on automobile sales for December. The research firm says, clear outperformers were TVS Motor, Hero Honda, Mahindra and Mahindra and Tata Motors. Bajaj Auto was an under-performer.
RBI Reference Rate for US $ and Euro
RBI Reference Rate for US $ and Euro
Nifty in narrow range; RIL, ITC, NTPC, HUL, Infy, Cairn up
At 12:54 hours IST - equity benchmarks were consolidating at around yesterday's closing values after seeing rally in previous four sessions. The Nifty was trading in a narrow range of 6125-6160, with a negative bias.
GE Shipping to raise Rs 100 crore via bonds
Great Eastern Shipping Co expects to raise Rs 100 crore via issue of 12-year bonds by the end of this week, a senior official said.
