Private Equity: Pricing imagination
The private equity scene has made a decisive turnaround and HNIs are pouring money in decade-long bets.
M&M to hike vehicle prices by average 1%; stk slips
Mahindra and Mahindra (M&M) is going to hike vehicle prices by average 1% in 4-5 days, quoting NewsWire18, reports CNBC-TV18. It touched an intraday high of Rs 781.25 and an intraday low of Rs 772.10. At 09:30 hrs the share was quoting at Rs 774.90, down Rs 6.35, or 0.81% on the NSE.
Praj Ind signs agreement with Qteros; stk up
Praj Industries has signed agreement with Qteros for Cellulosic Ethenol, reports CNBC-TV18. It touched an intraday high of Rs 88.50 and an intraday low of Rs 86.70. At 09:26 hrs the share was quoting at Rs 88.25, up Rs 0.95, or 1.09% on the NSE.
News Roundup: PE-backed Trimax Plans Rs 350Cr IPO
Trimax IT Infrastructure and Services intends to file for an initial public offering during the current calendar year. The company will raise between Rs 250-350 crore through the IPO route.
NAVs end with negative returns; banking funds dip
Equity diversified NAVs ended lower with advance:decline ratio of 52:197 as the benchmark Nifty closed the rangebound session with moderate losses. The sell-off in financial, telecom, capital goods, auto and realty companies' shares weighed on markets.
L&T to be split into nine firms: Report
India's top engineering and construction company, Larsen & Toubro, has started a restructuring plan to split the conglomerate into nine companies, the Economic Times reported on Wednesday.
M&M to raise vehicle prices
Mahindra and Mahindra will raise vehicle prices by an average 1% in the next two to three days, a company executive said on Wednesday.
Nifty slips amid volatility; financials, metals, realty dip
The benchmark Nifty opened Wednesday's trade on a negative note following weak Asian cues and profit booking. Financial, auto and metal companies' shares were down today while heavyweights like Reliance Industries and L&T were supporting.
Goldman Sachs buys 9.3 lakh shares of Praj Ind
On January 04, 2011 Goldman Sachs Investments (mauritius) I Ltd bought 930,000 shares of Praj Ind at Rs 86.57 on the NSE. Yesterday the share closed at Rs 87.30.
Clarus Finance sells 3.48 Lk shares of Kaleidoscope Films
On January 04, 2011 Clarus Finance And Securities Limited sold 348,449 shares of Kaleidoscope Films at Rs 20.60 on the BSE. Yesterday the share closed at Rs 20.60.
One Source Tech buys 2.90 Lk shares of JMD Telefilms
On January 04, 2011 One Source Techmedia Limited bought 290,912 shares of at Rs 15.65 on the BSE. Yesterday the share closed at Rs 15.05.
Rupee opens at 45.18 per dollar
The Indian rupee opened at 45.18 per dollar versus 44.98 yesterday.
Money Market Operations as on January 04, 2011
Money Market Operations as on January 04, 2011
Rupee may depreciate: Karvy
Karvy Stock Broking has come out with a research report on currencies. The research firm says, expectation of positive economic data from US along with lower equity markets might send rupee depreciating.
Nifty may correct up to 6120-6094: Angel Broking
According to a report by Angel Broking, if Nifty trades below 6151 levels for the first half-an-hour of trade then it may correct up to 6120-6094 levels.
Capital goods, breweries to outperform: Astrostocktips
Capital goods and breweries sectors will be receiving astrological support, says Satish Gupta of astrostocktips.
Samsung Group to lift investment by 18% in 2011
Samsung Group will boost investment by nearly one-fifth to a record amount this year, seeking to build new businesses and to widen its lead in technology sectors such as display screens, South Korea's largest business group said on Wednesday.
Morgan Stanley sells Aptech, Prime Focus, Mount Everest
Morgan Stanley Mauritius Co sold shares of Advanta, Aptech, Bajaj Finance, Bombay Dyeing, Deepak Fert, Diamond Power, Dynamatic Tech, Garware Wall, Maytas Infra, Mount Everest, Prime Focus, Subex,
VIP Industries and Zenith Infotech on the BSE.
Prosecutors claim Jackson doctor acted too slowly
The doctor charged in the death of pop star Michael Jackson removed evidence from the scene before seeking help when he found the singer unconscious, a prosecutor said on Tuesday.
EA tees up new Tiger Woods video game for March
Tiger Woods has lost some major sponsors after revelations of marital infidelities hurt his image, but Electronic Arts Inc said on Tuesday it remains in the professional golfer's corner with plans for the next version of its Woods' branded video game.
Nikkei flat, shrugs off lower commodities prices
Japan's Nikkei average was flat on Wednesday, holding on to gains made a day earlier and shrugging off concerns about lower commodity prices as investors continue to bargain hunt lagging Japan shares.
Goldman's 'friends' get week to mull Facebook bet
Goldman Sachs is not giving its multimillionaire clients a lot of time or information to think about investing in a USD 1.5 billion Facebook private offering.
CES - RIM's QNX unit shifts into gear
QNX Software, the system Research In Motion will use to power its PlayBook tablet and future BlackBerry smartphones, may outshine its parent this week as it touts vehicles with the productivity of an office.
Commodities sink on profit-taking, US stocks down
Crude oil prices tumbled more than 3% on Tuesday and Wall Street indexes slid as energy shares declined, as a strengthening in the dollar following surprisingly strong US factory orders spurred profit-taking after oil's recent rally.
