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With increasing broadband penetration across the country, the number of people watching videos online has risen in India, according to a recent survey.
The Reserve Bank of India (RBI), widely expected to raise interest rates again next week, is struggling with its dual objectives of containing inflation and promoting growth, its governor said on Thursday.
Kolkata-based Dhunseri Petrochem & Tea has struck its fourth acquisition this financial year by purchasing a small-sized tea factory from Sona Assam Tea Co for an undisclosed sum that will boost core business of Dhunseri that has over the recent past expanded into new business lines viz. IT infrastructure and manufacturing of PET lines.
State Bank of India (SBI) is looking for acquisitions in Africa, South-East Asia, reports CNBC-TV18. It touched an intraday high of Rs 2,615.25 and an intraday low of Rs 2,575. At 15:15 hrs the share was quoting at Rs 2,585.50, down Rs 41.85, or 1.59% on the NSE.
Gold financing company Muthoot Finance will raise up to Rs 1,400 crore through an initial share sale offer, which is expected to begin in the last week of this month.
Suzlon Energy touched an intraday high of Rs 48.90 and an intraday low of Rs 46.90. At 15:00 hrs the share was quoting at Rs 48.60, up Re 1, or 2.10%.
Justtrade.in is bullish on Thermax and has recommended buy rating on the stock with a target of Rs 750 in its March 8, 2011 research report.
Justtrade.in is bullish on Axis Bank and has recommended buy rating on the stock with a target of Rs 1490 in its March 8, 2011 research report.
NIIT has got IT training contract from agriculture ministry, reports CNBC-TV18. It touched an intraday high of Rs 51.45 and an intraday low of Rs 48.50. At 14:38 hrs the share was quoting at Rs 50.90, up Rs 1.75, or 3.56%.
HDFC Mutual Fund has enhanced its exposure in metals & mining, information technology and oil & gas sectors, while decreased its weightage in engineering & capital goods, banking & financial services and pharmaceuticals space.
Equity benchmarks remained in control of bears since morning trade today on the back of weak global cues, reacting to Middle East and North Africa tensions. Fall in European markets and US index futures added more pressure in afternoon trade at 14:12 hours.
India's top-listed retailer Pantaloon Retail, part of Future Group, has hiked prices of its branded apparel by 18% from this month, its managing director said.
The latest film in the Harry Potter series, "Harry Potter and the Deathly Hallows - Part 1", has become the highest grossing instalment of the Harry Potter franchise globally as of Wednesday.
NATO and the European Union begin talks on Thursday on a possible "no-fly" zone over Libya after some of the fiercest fighting of the three-week-old uprising against Muammar Gaddafi.
State-run Union Bank of India is scouting for partners for its wealth management business, which it plans to launch in FY12, a senior official told Reuters on Thursday.
Ratings agency Moody's slashed Spain's sovereign credit rating by a notch to Aa2 on Thursday and warned of further cuts, saying that the country's plans to clean up the battered banking sector will cost more than government expects and add to its debt burden.
Hindalco Industries was the top loser on the Sensex. It touched an intraday high of Rs 211.50 and an intraday low of Rs 206.10. At 13:51 hrs the share was quoting at Rs 207.65, down Rs 5.10, or 2.40%.
Reliance Industries (RIL) has target of Rs 1160, says Niraj Mansingka, Analyst, Edelweiss Capital.
Glencore's plan to list shares in Hong Kong is expected to get strong support from market officials and regulators, with no restrictions necessary when the IPO filing heads to the city's listing committee.
Sony Corp said it would promote Kazuo Hirai as the head of the company's biggest division, as part of a realignment that signals he could be a potential successor to chief executive Howard Stringer.
French bank Credit Agricole is mulling the outright sale of its Cheuvreux and CLSA brokerage brands if partnership talks with Chinese group Citic fail, French daily La Tribune reported on Thursday.
Kotak Mahindra Group, one of India’s leading financial service organizations with a consolidated net worth of USD 2.3 billion, has announced that it is raising two private equity funds, one domestic and one offshore, with a total corpus of USD 300 million to invest in infrastructure projects in India.
India's airlines are staring at declining profits or probable losses in the Jan-March quarter as a sharp spike in crude prices, and inability to pass on high costs erode margins in a traditionally weak quarter, analysts said.
Uttam Galva Steel touched an intraday high of Rs 117.90 and an intraday low of Rs 108.05. At 13:01 hrs the share was quoting at Rs 114.40, up Rs 5.10, or 4.67%.
Schalke 04 advanced to the Champions League quarter-finals when two goals from Jefferson Farfan helped them come from a goal down to beat Valencia 3-1 on Wednesday to complete a 4-2 aggregate win.
