Now, Cairn-Vedanta deal hinges on ONGC approval
The Petroleum Ministry may have watered down its preconditions for approving mining group Vedanta Resources' acquisition of Cairn India, but the USD 9.6 billion deal will still hinges on no-objection from partner ONGC.
Buy Sterlite Tech; target of Rs 72: ULJK Securities
ULJK Securities is bullish on Sterlite Technologies (STL) and has recommended buy rating on the stock with a target of Rs 72 in its March 7, 2011 research report.
IT/ITeS sector absorbs 58% of office space in Delhi NCR
Knight Frank India’s office traction report on Delhi NCR office market reveals that there is a growing demand for office space by the IT/ITeS sector.
Buy Redington (India); target of Rs 107: Nirmal Bang
Nirmal Bang is bullish on Redington (India) and has recommended buy rating on the stock with a target of Rs 107 in its March 08, 2011 research report.
Stocks that can provide higher dividend yield in weak mkt
ICICI Securities has come out with a report on Expected Dividend Yield.
Buy Gokul Refoils; target of Rs 125: Sunidhi Securities
Sunidhi Securities is bullish on Gokul Refoils and has recommended buy rating on the stock with a target of Rs 125 in its March 7, 2011 research.
ICRA assigns grade 2 to Paramount Printpackaging IPO
ICRA has assigned grade 2, indicating below average fundamentals, to the proposed initial public offering (IPO) of Paramount Printpackaging (PPL), in its report dated March 7.
IntelleCash backs three SMEs with new credit facility
IntelleCash, an NBFC specializing in incubating start-ups and providing affordable commercial loans to SMEs in the energy and infrastructure sector, has announced that that it has provided loans to three fast-growing small businesses under its new SME credit facility part-funded by Shell Foundation.
Gold falls from record on oil; ETF holdings inch up
Gold pared early gains on Tuesday and slipped below a record high hit in the previous session as oil prices fell, but a rebound in ETF holdings suggested that investors remained jittery about unrest in North Africa and the Middle East.
Buy Ganesh Housing Corp; target of Rs 289: Sushil Finance
Sushil Finance is bullish on Ganesh Housing Corporation and has recommended buy rating on the stock with a target of Rs 289 in its March 7, 2011 research report.
Sharekhan bullish on Lovable Lingerie business
The 45.5 lakh shares initial public offering of Lovable Lingerie - women's innerwear manufacturer - has opened for subscription. Sharekhan is bullish on company's business.
Hedge funds seen taking in $210b in 2011: Survey
Hedge funds around the world are expected to attract USD 210 billion in new money this year, according to a survey by Deutsche Bank released on Monday, helping to set a fresh record for assets.
HEG board meet on March 14; stock rises 6%
HEG touched an intraday high of Rs 226.20 and an intraday low of Rs 200.60. At 13:46 hrs the share was quoting at Rs 212.90, up Rs 12.35, or 6.16%.
Kotak Realty scripts exit in Peepul Tree sale to Tata Group
In one of the biggest real estate exits in India, Kotak Realty Fund, the PE arm of Kotak Investment Advisors Ltd, has sold its wholly owned undertaking Peepul Tree Properties to Tata Realty and Infrastructure Limited (TRIL) and Tata Realty Initiatives Fund 1 (TRIF 1) for Rs 525 crore ($117 million).
Consider cash flows along with tax savings
There have been changes proposed in the basic exemption limit for male individuals below 60 years and senior citizens in the Union Budget.
Hero Invst propose to buy Honda's stake at Rs 739.97/shr
Hero Honda Motors touched an intraday high of Rs 1,545 and an intraday low of Rs 1,492. At 13:39 hrs the share was quoting at Rs 1,499, down Rs 33.80, or 2.21% on the NSE. Hero Investments has proposed to buy Honda's stake in the company at Rs 739.97 per share on March 22, quoting DowJones, reports CNBC-TV18.
CBI probing if 2G scam threatened country's security
The CBI has begun probing if the country's internal security too stood compromised due to the 2G spectrum allocation to ineligible telecom operators during former Telecom Minister A Raja's tenure, the agency told a Delhi court on Tuesday.
Japan Cabinet okays sanctions against Libya
The Cabinet of Prime Minister Naoto Kan approved today a set of sanctions against Libya as part of international efforts to stop crackdowns by its leader Muammar Gaddafi on antigovernment protestors in the northern African country.
Nifty climbs higher; oil slips below $ 104/bbl
Indian equity benchmarks maintained the uptrend at 13:21 hours as crude oil cooled off further, supported by technology, metal, telecom, oil & gas, realty and financial companies' shares.
HEG to consider buy back of shares
HEG has its Board of Directors meeting on March 14, 2011 to consider buy back of shares.
HOV Services to consider merger of HOV Services LLC and HOV SPV LLC
HOV Services has its Board of Directors meeting on March 09, 2011 to consider merger of HOV Services LLC and HOV SPV LLC.
Concurrent (India) Infrastructure bags order worth Rs 3.33 crore
Concurrent (India) Infrastructure has bagged order worth Rs 3.33 crore from Utkal Steels for supply of GI Lattice/ Pipe Structure & GI Foundation Bolt
China cancels some banks' punitive reserves: Sources
China has reversed punitive increases of required reserves previously imposed on several banks, because they were more cautious in issuing loans in February, two sources told Reuters on Tuesday.
The Muslim Co-operative Bank Ltd., Pune, Maharashtra - Penalised
The Muslim Co-operative Bank Ltd., Pune, Maharashtra - Penalised
Greenko founders pick Aloe PE's part stake in firm
Founders of AIM-listed Indian clean energy owner and operator Greenko, first generation entrepreneur Anil Chalamalasetty and Mahesh Kolli.
