Tata Motors in talks with bankers for $500mn overseas issue
Tata Motors is in talks with bankers for USD 500 million overseas issue reports CNBC-TV18 quoting Agencies sources
Kallis named South African Cricketer of the Year
All-rounder Jacques Kallis dominated the South African Cricket Awards, winning three of them, including the prestigious Cricketer of the Year.
HC dismisses Kanimozhi, Kalaignar TV MD bail plea
The Delhi High Court today dismissed the bail pleas of DMK MP Kanimozhi and Kalaignar TV MD Sharad Kumar. The court on May 30 reserved order on the bail plea of the 2G scam accused.
CMC quotes ex-bonus today
CMC is quoting ex-bonus today. The company has approved issue of bonus shares in the ratio of one equity share for each equity share held on April 18, 2011.
UBS names Mittal head of India investment banking: memo
UBS AG has appointed Ashok Mittal as head of investment banking for India, according to an internal memo seen by Reuters on Wednesday.
Govt to infuse Rs 12k cr in SBI's Rs 20K cr rights issue
Finally the much awaited rights issue of State Bank of India (SBI) may see light of the day soon. According to the country's largest lender, government is ready to support the rights issue by contributing Rs 12000 crore, reports CNBC-TV18 quoting Dow Jones.
Hazare on fast for 'second freedom struggle'
Taking on the government, civil rights activist Anna Hazare on Wednesday went on a day-long fast at Rajghat, declaring that his agitation against corruption was the "second freedom struggle" and threatened another hunger strike from August 16 if Lokpal Bill is not passed by then.
ING Dividend Yield Fund declares dividend
ING Dividend Yield Fund has announced a dividend, for which the record date has been fixed as June 13, 2011.
Block deal: 20 lk GVK Power shares change hands at Rs 22.75
GVK Power & Infrastructure touched an intraday high of Rs 23.05 and an intraday low of Rs 22.55. At 11:08 hrs the share was quoting at Rs 22.90, up Rs 0.15, or 0.66%.
HSBC lowers Jet Airways, cuts target price
HSBC has downgraded Jet Airways to 'neutral' from 'overweight', saying high fuel prices could squeeze its margins in a competitive environment.
Nomura ups Sun Pharma target to Rs 513
Sun Pharmaceutical Industries touched an intraday high of Rs 491.00 and an intraday low of Rs 481.05. At 11:04 hrs the share was quoting at Rs 486.65, down Rs 3.70, or 0.75%.
Nifty hovers around 5550; capital goods gains
Equity benchmarks recouped their early trade losses, led by capital goods, power, Anil Dhirubhai Ambani Group, FMCG and select metal companies' shares. But the sell-off in heavyweights Reliance Industries, ONGC, Bharti Airtel, HDFC Bank, HDFC and SBI has capped the gains.
Goldman Sachs reiterates sell on Cipla
Cipla touched an intraday high of Rs 337.35 and an intraday low of Rs 335.05. At 11:00 hrs the share was quoting at Rs 335.10, down Rs 2.75, or 0.81%. Goldman Sachs reiterates sell on Cipla, cuts target to Rs 244 from Rs 253, reports CNBC-TV18.
Block deal: 2 crore Nova Iron shares on BSE at Rs 11.60
Nova Iron & Steel Ltd touched an intraday high of Rs 12.19 and an intraday low of Rs 11.60. At 10:51 hrs the share was quoting at Rs 12.19, up Rs 0.58, or 5.00%.
Tax hikes on the menu in US debt talks
Top US lawmakers will tackle the politically treacherous topic of tax hikes in their next round of debt-reduction talks, a Republican involved in the discussions said on Tuesday.
US stocks fall for 5th day after Bernanke comments
US stocks extended a losing streak for a fifth day on Tuesday on mounting concerns about the economy after bearish comments from Federal Reserve Chairman Ben Bernanke.
People throng Rajghat to support Hazare's fast
People gathered at Rajghat to take part in the day-long hunger strike called by Anna Hazare to protest against police crackdown on Baba Ramdev and his supporters during their agitation against corruption.
Asia stocks, dollar fall as Bernanke fails to inspire
Asian stocks fell on Wednesday and the dollar sagged after uninspiring comments from US Federal Reserve Chairman Ben Bernanke added to worries about the slowing global economy.
Wanted: Top-notch economist to sell Obama policies
US President Barack Obama will seek a high-caliber economist and skilled communicator to fill the top economic job being vacated by his longtime aide, Austan Goolsbee, but finding the right successor may be tough.
TPG Cap, Carlyle in talks for RComm tower stake sale
US private equity firms TPG Capital and Carlyle Group are in talks to buy a stake in the tower unit of Reliance Communications, Bloomberg reported, citing people with knowledge of the matter.
SKIL Infra files for $252m IPO
SKIL Infrastructure on Tuesday filed with regulators to raise up to Rs 11.25 billion (USD 251.8 million) in an initial public offering, a draft document showed.
Hindustan Copper may not sell shares in FPO
State-run Hindustan Copper may not sell new shares in a planned follow-on public offer as soaring copper prices have left the company with strong cash reserves and no immediate need to raise funds.
Goldman Sachs reiterates sell on Sun Pharma
Sun Pharmaceutical Industries touched an intraday high of Rs 491.00 and an intraday low of Rs 481.05. At 10:21 hrs the share was quoting at Rs 481.90, down Rs 8.45, or 1.72%. Goldman Sachs reiterates sell on Sun Pharma, ups target to Rs 327 from Rs 308, reports CNBC-TV18.
Morgan Stanley downgrades M&M to equal weight
Morgan Stanley cut its rating on Mahindra & Mahindra to "equal-weight" from "overweight" saying sharp margin compression in the fourth quarter implied the company's earnings growth will be muted in the near term.
Hindustan Copper shares rise more than 5%
Hindustan Copper shares rose more than 5% on Wednesday, a day after the state-run Indian company said it may not sell shares in a follow-on offer following a jump in cash reserves on the back of soaring copper prices.
