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When finance minister Pranab Mukherjee reads out his budget speech shortly, he will promise many things. But, invariably, he will not deliver on some of them. He would also have got several things wrong. So, it is always good to take his forthcoming budget promises with a pinch of salt.
Mumbai-based Aegis Logistics is selling a 6.35% stake to Kaup Capital's Infrastructure India Holdings Fund LLC for Rs 68.27 crore.
The Reliance Industries group owned by billionaire Mukesh Ambani is negotiating with Japan's Orix Corporation to acquire its 23.87% stake in Infrastructure Leasing and Finance Company (IL&FS), one of India' leading infrastructure developers and financiers, for around USD billion.
The benchmark Nifty gained further in early trade ahead of Union Budget 2011-12 today. Oil & gas, infrastructure, metal and financial companies' shares were supporting the markets.
Finance Minister Pranab Mukherjee will present challenging Union Budget 2011-2012 on today. The budget speech will start at 11 AM and if everything goes smoothly in Parliament it should be over by 12.30 PM.
The government may be bullish about economic growth next fiscal, but leading economists are not as confident as North Block mandarins about India's ability to even maintain the current rate, given domestic and global headwinds facing the country.
RBI Governor D Subbarao has said that rising prosperity in rural India is leading to food scarcity, which is driving up food prices.
Money Market Operations as on February 25, 2011
Britain has frozen assets, worth about 20 billion pounds, that Libyan leader Muammar Gaddafi and his family held in the country.
'In a Better World,' a Danish drama depicting the effects of violence among generations and nations, won the Academy Award for foreign-language picture on Sunday.
Union Budget for the financial year 2011-2012 shall be presented by Hon'able Minister of Finance Shri Pranab Mukherjee. It is set to be a consumption driven Budget.
A near trebling of annual profits by HSBC on Monday may not be enough for Europe's biggest bank to keep its profitability targets intact as its new management team faces up to tough regulatory costs.
Prime Minister Manmohan Singh's embattled government will likely boost spending on social programmes in a populist budget on Monday, even as India is threatened with a potentially ballooning subsidy bill for food and fuel.
Japanese factory output rose in January for a third straight month and manufacturers expect further gains in coming months, a sign that the economy is on track for a moderate export-driven recovery.
GHCL | Rain Commodities | Oriental Bank of Commerce | RIL | Aegis Logistics | HPCL | Bank of Maharashtra | Coal India | Cairn | NALCO | Areva T&D and Nagarjuna Construction are stocks, which are in the news today.
Finance minister Pranab Mukherjee’s last public appearance ahead of today’s budget emphasized on the importance direct taxes as a source of revenue for funding developmental work, reports the Hindu.
According to a report by Angel Broking, if Nifty trades below 5292 levels for the first half-an-hour of trade then it may correct up to 5245-5186 levels.
Right from 1947 till 2010 various governments have presented 80 budgets. This is the 81st budget session.
Two-time Oscar winner Elizabeth Taylor is cheering for 'The King's Speech' to win the Academy Award for best film on Sunday, her 79th birthday, from a hospital where she remains in treatment for heart problems.
The curtain rose on the Oscars on Sunday as show hosts James Franco and Anne Hathaway kept audiences laughing and an early award for supporting actress went to Melissa Leo in 'The Fighter.'
The World Cup caught fire on Sunday when co-hosts India and England shared a tie in one of the most thrilling matches ever seen after a record-breaking 676-run slug-fest went down to the last ball.
Technically the market is still weak we have now a budget week ahead of us and we may see a lot volatility and if we see an up move then we could find stiff resistance near 5450 zones but on the downside if the weakness continues then 5177 could also be tested.
The support for the Nifty is at 5242-5118 and resistance at 5340-5450.
BSE Mid Cap has support at 6182. A further fall below 6180 will take the momentum on the downside. Resistance is placed at 6669-6883.
Motorola Mobility sued TiVo Inc for infringing its patents for digital video recorders (DVRs).
