Glencore seen pushing on with May IPO: Investors
Commodities trader Glencore is seen clinging on to plans for a bumper London listing by the end of May, despite global stock market uncertainty, according to a Reuters poll of fund managers.
Nokia sees phone shortage due to Japan quake
Nokia, the world's biggest mobile phone maker by volume, said it would have shortages of some of its phones as Japan's earthquake has hit the supply chain, but the impact on earnings would be limited.
Foreign plot against Gulf foiled: Bahrain king
Bahrain's monarch Hamad bin Isa Al Khalifa today said an external plot to subvert security and stability in the country had been foiled as he praised the Saudi-led GCC force for helping crush an unprecedented unrest in the majority Shia nation
Banks raise Rs 29.8b via CDs
Banks raised Rs 29.8 billion via certificates of deposits (CDs) on Monday, compared with Rs 18.95 billion on Friday.
Future Group upbeat on deos, eyes 20-25% market share in 1 yr
The Group, that launched the deodorant line in DJ&C, the company's largest selling brand, also plans to enter into other categories eventually as well, Chawla said, without giving a time-line for this.
Kraft's domestic business lacks bite: JP Morgan
The Cadbury acquisition will eventually help Kraft Foods Inc with added sales and patient investors will find it an attractive investment, but a lackluster performance in its domestic market made JP Morgan Securities downgrade the company's stock.
New Silk Route eyes exit in Ortel Communications IPO
New Silk Route (NSR) could be exiting completely from its three-year-old investment in cable operator and broadband service provider Ortel Communications in its proposed initial public offer.
Wall St set for higher open on AT&T, T-Mobile deal
US stock indexes were set to rise more than 1% at the open on Monday as investors welcomed AT&T's proposal to buy T-Mobile from Deutsche Telekom, a deal that would create the largest mobile operator in the United States.
Govt may hike DA by 6% for employees, pensioners
The Centre is tomorrow likely to increase dearness allowance (DA) by 6% to 51%, benefiting over 50 lakh employees and 38 lakh pensioners.
ICICI Bank, Intuit launch on-line personal fin management soln
Leading private sector lender, ICICI Bank, and Intuit, today launched an on-line personal finance management solution - Money Manager - which would help banking customers understand their spending habits.
Info Edge invests in online information sharing service
Info Edge Ltd, the owners of Naukri.com, has decided to invest up to Rs 1 crore (USD 250,000) in Nogle Technologies Pvt Ltd, which plans to launch a content sharing startup called Blinkk.me.
Cotton prices to stay higher for some more time
Farmers in Tamil Nadu are recommended to go for cotton cultivation to get better prices, sowing of which should be ended before March.
China commodity imports stall in February
China's imports of many major commodities all but dried up in February as a national holiday, abundant stockpiles and rising prices combined to discourage shipments, data from China's Customs office showed on Monday.
Ranbaxy shares end down 7% as Mylan sues FDA to block Lipitor launch
Ranbaxy shares plunged 7% to close at Rs 435.95 Monday after US company Mylan Inc sued the US Foods and Drug Administration for an injunction on the launch of Ranbaxy’s cholesterol treatment drug, Atorvastatin, which is a generic version of Pfizer’s Lipitor.
Accumulate Lanco Infratech; target of Rs 43: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Lanco Infratech and has recommended accumulate rating on the stock with a target of Rs 43 in its March 21, 2011 research report.
India may allow 200,000 tonnes sugar exports on Tuesday
India is likely to allow 200,000 tonnes of sugar exports on Tuesday under unrestricted sales, less than half a million tonne permitted earlier, industry sources said, a move seen putting more pressure on global prices.
Ovira Logistics buys 7.7% in Pipavav Shipyard
Ovira Logistics Pvt Ltd has bought 51.1 million shares or about 7.7% in Pipavav Shipyard at Rs 80.83 a share, bulk deal data from the BSE showed on Monday.
Voltas forms JV with Germany's KION Group
Voltas, a Tata Group Company, has announced the setting up of a joint venture with Germany's KION Group GmbH to develop and make forklift trucks and warehousing equipment in India.
Tiffany sees strong sales gains despite Japan woes
Tiffany & Co gave a stronger-than-expected sales outlook for the year, despite the impact of the disasters that hit Japan, one of its biggest markets.
Milk prices to rise despite export ban: Report
Rating agency CRISIL believes that milk prices will continue to rise over the medium term on sustained demand-supply mismatch and increasing input costs.
Essar prepays NCDs of Rs 4,230 crore
Essar Group, a multinational conglomerate, announced that it has pre-paid non-convertible debentures. Following this, the 10.97% equity stake in Vodafone Essar held by ETHL Communications Holdings (ECHL) will be free from all encumbrances.
World Cup so far in quotes
We are very concerned with the process to sell the remaining tickets to the public. With the significant demand and little availability there is potential for chaos and physical injury when the box office sales open. For this reason we strongly recommend that this sale of tickets be cancelled" -- International Cricket Council (ICC).
Ortel Communications files IPO papers with SEBI
Cable television service provider Ortel Communications has filed draft red herring prospectus with the SEBI for its public issue, which comprises a fresh issue Rs 100 crore and an offer for sale of upto 8,182,598 equity shares by NSR – PE Mauritius LLC.
Western strike hits Gaddafi compound, Tripoli says
Western forces launched a second wave of air strikes on Libya overnight and officials in Tripoli said a missile intended to kill Muammar Gaddafi had destroyed a building in his fortified compound.
Japan bank recovery in peril as quake to prolong ultra-low rates
The massive earthquake that struck Japan could make its banks hostage to another vicious cycle of low interest rates, hitting profit margins and derailing the sector's recovery from the global financial crisis.
