RIL applies for government nod for BP deal; stk up
Reliance Industries (RIL) has formally applied for government nod for BP deal, quoting Sources, reports CNBC-TV18. It touched an intraday high of Rs 978.75 and an intraday low of Rs 968.25. At 09:36 hrs the share was quoting at Rs 978.70, up Rs 12.75, or 1.32%.
Asian shares dip; emerging Asia outflows may persist
Asian shares on Monday slipped back toward a three-month low hit last week, with emerging Asian equities seen likely to keep lagging developed markets as investors fret about risks from inflation.
Sensex gains 100 points ahead of budget
The benchmark Sensex added 100 points ahead of Union Budget 2011-12 today, supported by financial, oil & gas, infrastructure, technology and metal companies' shares.
Christian Bale wins Oscar for 'The Fighter'
Welsh-born actor Christian Bale won the Academy Award on Sunday for his supporting role as a washed-up former boxing champ in The Fighter, moments after co-star Melissa Leo clinched the best supporting actress Oscar.
Fertiliser stocks gain ahead of budget
Fertiliser stocks have gained ahead of Union Budget today. At 09:26 hrs Nagarjuna Fertilisers and Chemicals was quoting at Rs 27.40, up Rs 0.50, or 1.86% on the NSE.
Expert tips: How to trade on Union Budget day?
Finance Minister Pranab Mukherjee will present challenging Union Budget 2011-2012 today. The markets opened 100-points up on expectations of much-needed reform announcements coming through in the budget.
Financial meltdown film wins documentary Oscar
Inside Job, a film blaming financial institutions for triggering the worst financial crisis since the Great Depression, won the Academy Award for best documentary on Sunday.
Union Budget 2011 to focus on fiscal prudence: Nilesh Shah
Nilesh Shah, MD and CEO of Envision Capital, believes this year’s budget would focus on reducing the huge fiscal deficit.
NALCO CMD arrested for taking bribe; stk slips 6.8%
National Aluminium Company (NALCO) CMD and his wife arrested for taking bribe. Rs 30 Lakh and 10 kg gold recovered from company's CMD house, reports CNBC-TV18. It touched an intraday high of Rs 430 and an intraday low of Rs 401.05. At 09:21 hrs the share was quoting at Rs 410.10, down Rs 30.05, or 6.83% on the NSE.
Middle East unrest brings gas price hike around US
The pain of the sharp increase of oil prices triggered by mass protest and turmoil in a number of Middle East countries is felt as far as in Texas and other cities around America
Coal India raises coal prices by 30%; stk jumps 10.5%
Coal India has increased coal prices by 30% w.e.f February 27, quoting Sources, reports CNBC-TV18. It touched an intraday high of Rs 323.95 and an intraday low of Rs 296.10. At 09:18 hrs the share was quoting at Rs 323.50, up Rs 30.85, or 10.54% on the NSE.
Auto shares subdued ahead of Budget
Key automobile stocks were trading lower ahead of the finance minister's Budget speech. Market players are expecting a 2% hike in excise duty and also an additional duty on diesel cars.
UPA failed to deliver on many promises in last budget
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.
Infra India Holdings to buy 6.35% in Aegis Logistics
Mumbai-based Aegis Logistics is selling a 6.35% stake to Kaup Capital's Infrastructure India Holdings Fund LLC for Rs 68.27 crore.
Reliance Industries may buy 24% in IL&FS for $1.2b
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.
Nifty opens quiet ahead of Union Budget
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.
Pranab Mukherjee to start Union Budget speech at 11 am
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.
9% growth forecast difficult to achieve: Economists
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.
Rural prosperity is fuelling food inflation: Subbarao
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
Money Market Operations as on February 25, 2011
Britain freezes Gaddafi's assets
Britain has frozen assets, worth about 20 billion pounds, that Libyan leader Muammar Gaddafi and his family held in the country.
Danish drama wins foreign language Oscar
'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.
A safe Union Budget 2011-12: Ganeshaspeaks
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.
HSBC to almost treble profits as bad debts fall
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.
Budget likely to cater to populist pressure
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.
