Money Market Operations as on April 2, 2011
Money Market Operations as on April 2, 2011
Sachin Tendulkar rules out immediate retirement
Batting maestro Sachin Tendulkar on Monday made it clear that he has no immediate plans of quitting ODIs, saying he was enjoying the game even more now and still has the "desire and the passion" to play for India.
Raise FDI limit to 49% in insurance sector: SMC Global
Pitching for raising the FDI cap in insurance segment to 49%, financial solution provider firm SMC Global Securities on Monday said the move would help the sector become a USD 65 billion industry by 2014.
Suzlon to take full control of REpower, issue FCCBs
Wind turbine maker Suzlon Energy plans to take full ownership of Germany's REpower Systems AG after raising its stake to more than 95%, which allows it to start the process of squeezing out minority shareholders.
Idea says to approach court to lift stay on Spice deal
Idea Cellular, India's sixth-biggest mobile phone operator, said on Monday it will approach a court seeking to lift a stay order obtained by the country's telecoms ministry on the company's takeover of another telecoms firm.
Oil Secy hopes cabinet decision on Cairn-Vedanta deal soon
India's oil secretary on Monday said he hopes cabinet will soon take a decision on a multi-billion dollar Cairn Energy deal to sell majority of its stake in Cairn India to Vedanta Resources.
2G scam: Telenor distances from its JV partner Unitech
Norwegian mobile operator Telenor has distanced itself from its joint venture partner – Unitech, reports CNBC-TV18.
Buy KPIT Cummins; target of Rs 210: Greshma Research
Greshma Research is bullish on KPIT Cummins Infosystems and has recommended buy rating on the stock with a target of Rs 210 in its March 31, 2011 research report.
North India rocked by 5.7 quake, no reports of casualties
A "moderate" intensity earthquake measuring 5.7 on the Richter Scale with its epicentre at the Indo-Nepal border region shook North India on Monday evening but there was no immediate report of any loss of life or property.
HCL Tech Mar qtr PAT seen up 13% at Rs 454 cr
KRChoksey has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, HCL Technologies March quarter sales are expected to go up by 4% at Rs 4,032 crore, quarter-on-quarter, (QoQ) basis.
Sanofi gains control of Genzyme, CVRs set to trade
French drugmaker Sanofi-Aventis said it had gained control of Genzyme, with trading in certificates used to help win over shareholders in the US biotech set to start trading later on Monday.
KPIT Cummins Mar qtr PAT seen up 11% at Rs 28 cr
KRChoksey has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, KPIT Cummins March quarter sales are expected to go up by 3% at Rs 281 crore, quarter-on-quarter, (QoQ) basis.
Wipro Mar qtr PAT up 9% at Rs 1443 cr
KRChoksey has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, Wipro March quarter sales are expected to go up by 6% at Rs 8,254 crore, quarter-on-quarter, (QoQ) basis.
Il Divo opera-pop group to receive Classic BRIT
International opera/pop singers Il Divo will receive the inaugural "Artist of the Decade" prize at the Classic BRIT Awards in London on May 12.
Modern Etiquette: Cut the toxic gossip out of your life
Ever notice how we put forth piety as we snipe? We say things like, "I really don't know whether this is true or not, but..." We proclaim that gossiping is a bad thing to do, even as we proceed to do it anyway.
Tottenham's injury crisis deepens as Pienaar pulls out
Tottenham Hotspur's injury worries deepened on Monday before Tuesday's Champions League quarter-final at Real Madrid when South African midfielder Steven Pienaar said he was unfit to play in the first leg match.
Bar Method seeks the dancer's body without the dance
Women who crave muscle tone but fear bulging biceps are flocking to The Bar Method, a body-sculpting exercise system that purports to whittle dancer-type forms from non-dancing bodies.
TCS Mar qtr net profit seen up by 6% at Rs 2507cr
KRChoksey has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, Tata Consultancy Services (TCS) March quarter sales are expected to go up by 5% at Rs 10,126 crore, quarter-on-quarter, (QoQ) basis.
3i Info March qtr PAT seen up 1% at Rs 65 cr: KRChoksey
KRChoksey has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, 3i Infotech March quarter sales are expected to go up by 3% at Rs 656 crore, quarter-on-quarter, (QoQ) basis.
Nifty ends above 5900, pace of rally baffles experts
Bulls were completely unstoppable rallying on consistent inflow from foreign institutional investors (FIIs) as equity benchmarks continued to outperform thier global peers.
Norway PM seeks to help Telenor in India telco row
Norway's prime minister has lobbied his Indian counterpart to ensure that Norwegian mobile operator Telenor ASA receives "fair treatment" from Indian authorities in a telecoms graft scandal.
US crude oil hits 2.5-year high, Brent nears $120
Brent crude rose towards USD 120 a barrel and US crude hit a 2-1/2-year high above USD 108 on Monday as unrest in the Middle East and North Africa kept the focus on oil supplies as economic growth bolstered demand.
Buy Unity Infraprojects; target of Rs 86: Unicon Investment
Unicon Investment is bullish on Unity Infraprojects and has recommended buy rating on the stock with a target of Rs 86 in its April 1, 2011 research report.
Eaton sees India sales trebling to $500m by 2015
Diversified manufacturer Eaton Corp expects its India sales to treble to USD 500 million by 2015, aided by a strong domestic market and steady economic growth, its chief executive said on Monday.
Orissa Mining Corp to file new petition against MoEF
According to the latest updates, the corporation has ruled out the filing contempt of the court against the Ministry of Environment and Forests (MoEF), reports CNBC-TV18 quoting sources.
