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Indian ADRs ended mostly in green on Tuesday. In Banking space, HDFC Bank was down 0.04% at $ 150 while ICICI Bank was up 0.75% at $ 45.44. In Telecom space, Tata Communication was up 0.44% at $ 11.46 while MTNL was down 3.31% at $ 2.34.
Crude slipped to one-week low at USD 91 per barrel on reports that inventories in developed countries looked relatively comfortable as supplies normalised after operations at the Alaska pipeline resumed. Currently it is trading at USD 91.49 per barrel.
US markets gained hitting multi year highs for the second straight session. Markets rose on the back of energy and material stocks despite pressure on financials post disappointing earnings from Citigroup.
HCL Tech | Hindustan Zinc | Amrutanjan Healthcare | Gayatri Projects | Container Corp | Petronet LNG | ING Vysya Bank | MindTree | HT Media | IOC | Tulip Telecom | HCC | Binani Cement | GAIL | Tata Steel | Tata Power | Reliance Infra and Cairn are stocks, which are in the news today.
World's seventh largest steel maker Tata Steel's follow-on public offer (FPO) has opened for subscription today. It has fixed price band of Rs 594-610 a share for its FPO of 5.7 crore ordinary equity shares of Rs 10 each.
Equity diversified NAVs ended higher with advance:decline ratio of 229:25, as Indian benchmarks rallied smartly on Tuesday on the back of good third quarter earnings from TCS and strong European cues.
A string of accounting tricks and a lack of fiscal reform plans in Hungary, and to a lesser extent Poland, are cause for concern and could make the emerging European states vulnerable to shocks, a top IMF official says.
Vodafone has objected to Essar's reverse listing of Essar Telecom Holdings (ETH) into India Securities (ISL). It has written to both the Bombay Stock Exchange and the Securities and Exchange Board of India and asked for the matter to be examined.
US stocks fell on Tuesday after Citigroup Inc's quarterly earnings missed estimates, while Apple Inc weighed on the technology sector after Chief Executive Steve Jobs took another medical leave.
Finance Minister Parnab Mukherjee has said that financial stability is an integral part of policy objectives and added that much more was needed for financial inclusion.
Nirmal Bang has maintained hold rating on Tata Consultancy Services’ (TCS) with a target of Rs 1133 in its January 18, 2011 research report.
Gujarat Ambuja Exports has its Board of Directors meeting on February 01, 2011 to consider interim dividend.
Tata Investment has its Board of Directors meeting on January 27, 2011 to consider interim dividend.
A record monthly jump in prices drove British inflation to an 8-month high in December, piling pressure on the Bank of England to raise interest rates and show it is not letting inflation get out of control.
State-run gas utility GAIL (India) Ltd will receive its first cargo of liquefied natural gas (LNG) next month under a three-year deal with Japanese trader Marubeni, its head said on Tuesday.
An extra USD 103 trillion of credit is needed over the next decade if global economic growth is to meet consensus forecasts, the World Economic Forum and McKinsey said in a report to be discussed at next week's Davos meeting.
Shree Nath Commercial has its Board of Directors meeting on January 24, 2011 to consider bonus issue.
Nagarjuna Construction subsidiary has acquired 55% equity stake of Nelcast Energy.
Greenply Industries has its Board of Directors meeting on January 31, 2011 to consider warrants into equity shares.
Transport Corporation has fixed January 20, 2011 as the 'Record Date' for payment of interim dividend.
Strides Arcolab announces USFDA approval for additional Adenosine Injection USP.
Opto Circuits has declared its third quarter results of FY11. It has reported consolidated net profit at Rs 95.7 crore as against Rs 77.4 crore, a growth of 23.64% on quarter-on-quarter basis.
Prabhudas Lilladher is bullish on Rallis India and has recommended buy rating on the stock with a target of Rs 1850, in its January 18, 2011 research report.
The health of Apple chief executive Steve Jobs was set to overshadow quarterly sales numbers on Tuesday from the consumer electronics powerhouse, whose iPhone and iPad excited holiday shoppers.
European finance ministers agreed on Tuesday to take their time over beefing up the euro zone's rescue fund and to publish new stress tests on the region's shaky banks in the second half of the year.
