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Nokia's CEO on Sunday touted its recent alliance with Microsoft, saying it would be worth billions to the Finnish cellphone maker, which is seeking to catch up in the fiercely competitive smartphone market.
Dragon Dictation software maker Nuance launched a mobile application in Europe on Monday that lets users speak, trace or handwrite instructions to their phone instead of typing.
The SEBI may impose penalty of up to Rs 15 billion (USD 328 million) on Reliance Industries if it establishes the energy major was involved in insider trading, the Economic Times reported on Monday, citing an unnamed source close to proceedings.
Prabhudas Lilladher is bullish on PTC India (PTC) and has recommended buy rating on the stock with a target of Rs 115 in its February 9, 2011 research report.
Global private equity majors NEA and Providence Equity Partners are understood to have evinced keen interest to pick up stake in FIITJEE, which is looking to raise Rs 200 crore from its third round of private equity funding.
Larsen and Toubro (L&T) has bagged EPC orders worth Rs 1100 crore from Guj State Electricity Corp, reports CNBC-TV18. It touched an intraday high of Rs 1,595.70 and an intraday low of Rs 1,564.95. At 09:36 hrs the share was quoting at Rs 1,590, up Rs 33.55, or 2.16%.
Tata Motors has reported a consolidated net profit of Rs 2,424 crore for the quarter ended December 2010, up 273% as compared to Rs 650 crore in same quarter the previous year, reports CNBC-TV18. It touched an intraday high of Rs 1,217 and an intraday low of Rs 1,188. At 09:33 hrs the share was quoting at Rs 1,214, up Rs 69.35, or 6.06%.
Under the scanner for its alleged association with Swan Telecom, Anil Ambani group firm Reliance Communications today said it only held 9.9% equity share capital in the firm at the time of applying for 2G licences and asserted that it did not violate any norms.
CBI has asked former Telecom Minister Arun Shourie to appear before the agency in connection with its probe into possible criminal aspects in the telecom policy since 2001 and the BJP leader will make his appearance on February 21.
Economists see overall inflation moving up slightly to 8.5% in January because of high food prices and hike in petrol rates last month.
JLF has outgrown its venue, much as it outgrew the Jaipur Heritage Festival and created its own identity.
In a recent lecture delivered in New Delhi, former foreign minister of Pakistan, Khurshid Mahmud Kasuri, revealed that by the end of 2006, India and Pakistan had come close to resolving all key issues, including Kashmir. In a chat with Forbes India, Kasuri tells more about it
Reliance Infrastructure has board meeting for buyback of shares, reports CNBC-TV18. It touched an intraday high of Rs 625.30 and an intraday low of Rs 605.35. At 09:30 hrs the share was quoting at Rs 609.50, down Rs 6.20, or 1.01%.
Jaiprakash Power Ventures touched an intraday high of Rs 40.90 and an intraday low of Rs 39.60. At 09:27 hrs the share was quoting at Rs 40.40, up Rs 0.80, or 2.02%. The company has board meeting today to consider amalgamation of companies having synergy of business with that of the Company for enhancing the stakeholders' value, reports CNBC-TV18.
SBI Mutual Funds slashed its exposure in engineering & capital goods, media & entertainment and real estate space, while increased its weightage in information technology, oil & gas and metals & mining space.
Zee Entertainment Enterprises has approved share buyback at up to Rs 126/share –11% premium to CMP. The buyback of shares worth is up to Rs 700 crore, reports CNBC-TV18. It touched an intraday high of Rs 116.55 and an intraday low of Rs 114.10. At 09:23 hrs the share was quoting at Rs 114.70, up Rs 1.15, or 1.01%.
British and US movie stars turned out in force on Sunday for the BAFTAs, Britain's top film accolades, a ceremony that will be watched partly for what light it sheds on the outcome of the Oscars in two weeks' time.
Asian stocks rose on Monday as investors greeted news of Egyptian President Hosni Mubarak's resignation with relief, while US crude steadied near USD 85.50 per barrel after falling to 10-week lows as geopolitical tensions eased for now.
Hindalco Industries has reported a net profit of Rs 460.3 crore for the quarter ended December 2010, up 7.8% as compared to Rs 427.1 crore in same quarter the previous year, reports CNBC-TV18. It touched an intraday high of Rs 212 and an intraday low of Rs 203.65. At 09:18 hrs the share was quoting at Rs 206.90, down Rs 4.30, or 2.04%.
The benchmark Nifty started the session above 5350 level and the Sensex added more than 200 points in opening trade, following positive global cues.
Japan's economy shrank slightly in the final quarter of last year, hurt by the expiry of government incentives for car purchases, but analysts expect a recovery this year on stronger exports to China and other parts of fast-growing Asia
Emami group is close to sealing a deal to buy refined sunflower oil brand 'Sweekar' from Marico, the Business Standard reported on Monday.
The Indian rupee opened at 45.58 per dollar versus 45.68 Friday.
Boeing was set to roll out a new jumbo jet later on Sunday, hoping to relive the glamour surrounding the birth of the 747 over 40 years ago and use it to boost slow sales.
Money Market Operations as on February 11, 2011
