MOIL Q3 net profit up at Rs 125 cr
State-run MOIL has reported a net profit of Rs 125 crore for the quarter ended December 2010 as against Rs 121 crore in same period the previous year.
IDBI Bank revises base rate, BPLR & interest rates
The ALCO of IDBI Bank reviewed the interest rates on retail term deposits and keeping in view credit demand, inflation and liquidity scenario, the Bank has decided to increase the retail term deposit rates by 25 -125 basis points (bps) in different maturity buckets.
Moser Baer starts production of YUKITA Brand junction boxes
Moser Baer starts domestic production of YUKITA Brand junction boxes in partnership with Yukita Elect for solar PV modules at its Greater Noida plant.
Scheduled Banks' Statement of Position in India as on Friday, January 28, 2011
Scheduled Banks' Statement of Position in India as on Friday, January 28, 2011
DIPP bats for 49% FDI in existing pharma cos
After proposing for a 51% FDI cap on multi-brand retail, the Department of Industrial Policy and Promotion (DIPP) is now hitting the pharma space. It is batting for 49% FDI in existing pharmaceutical companies.
Corporation Bank revises BPLR to 13.60% from 13.25%
Corporation Bank has revised its Benchmark Prime Lending Rate (BPLR) upward by 35 basis points i.e 13.60% from 13.25% w.e.f February 14, 2011.
Arvind Chemicals name changed to Gujarat Metallic Coal & Coke
Arvind Chemicals has changed name of the company from “Arvind Chemicals” to “Gujarat Metallic Coal & Coke”.
Accumulate Bhushan Steel; target of Rs 419: Angel Broking
Angel Broking is bullish on Bhushan Steel and has recommended accumulate rating on the stock with a target of Rs 419 in its February 8, 2011 research report.
Elecon Engineering bags order worth Rs 82.02 crore
Elecon Engineering has bagged order worth Rs 82.02 crore from various clients for design, engineering, manufacturing, supplying, erection etc.
Goldman Sachs ups India's FY12 inflation forecast
Goldman Sachs has lifted its inflation forecast for India for the next fiscal year to 6.7% from the earlier 6%, citing higher global commodity prices and upside surprises in agricultural prices.
Honeywell Automation India declares dividend at Rs 10 per share
Honeywell Automation India at its meeting held on February 09, 2011 has declared dividend at Rs 10 per share.
Rural Electrification Corporation declares dividend at Rs 3.50 per share
Rural Electrification Corporation at their meeting held on February 09, 2011 has declared dividend at Rs 3.50 per share of Rs 10 each for FY- 2010-11.
Mid, small caps hammered as earnings downgrades loom
Mid and small cap shares plunged on Wednesday, as investors worried about the impact of high interest rates on the profitability of these companies. DB Realty chief executive Shahid Balwa’s arrest the previous evening, and fresh allegations of fraud against Anil Ambani group companies, added to the nervousness in the market.
Buy Aurobindo Pharma; target of Rs 1415: Angel Broking
Angel Broking is bullish on Aurobindo Pharma (APL) and has recommended buy rating on the stock with a target of Rs 1415 in its February 8, 2011 research report.
KSICL in expansion mode, targets turnover of Rs 100 crore
Karnataka Silk Industries Corporation Limited (KSICL), a state government-owned company, is aiming to achieve turnover of Rs 100 crore in the fiscal 2011-12 with an expansion of its manufacturing unit.
US attempts to take Assange into legal grip proving futile
Attempts by the US to legally nab Julian Assange are proving to be unsuccessful as prosecutors have failed to find evidence that the WikiLeaks founder in any way forced Army private Bradley Manning to leak government documents.
More delays seen in Boeing 787 deliveries to Air India
The Boeing Co on Wednesday said it would deliver the first 787 Dreamliner aircraft to Air India in the fourth quarter of 2011, indicating a further delay from its prior delivery estimates.
Bear of the Day: Largecap that lost Rs 3271cr in mkt cap
The ADAG Group stock, Reliance Communications tumbled 14.32% or Rs 15.85 to end at Rs 94.85 on the BSE. It touched a 52-week low of Rs 90.80. It touched an intraday high of Rs 109.75 and an intraday low of Rs 90.80.
Hinduja Global sees closing China JV deal by June-end
Hinduja Global Solutions expects to close its first China joint venture deal by June-end, Chief Executive Partha De Sarkar told Reuters on the sidelines of a NASSCOM summit
South Asian countries facing a health crisis: World Bank
India in particular and South Asian countries in general, are facing a health crisis with rising rates of heart disease, diabetes, obesity and other non communicable diseases (NCDs), the World Bank said today
Datawatch: Realty index cracks 27% YTD
The Indian equity markets fell further after the benchmark index Sensex witness seven-month closing low yesterday. Again Reality index was among major loser as it was down 4% in today’s trading session. In last two days (including today) realty index has lost 7% while Sensex lost 2.5% and closed at 17592.
IDBI Mutual Fund launches Monthly Income Plan
IDBI Mutual Fund has launched IDBI Monthly Income Plan, an open-ended income scheme, that aims to provide regular income along with opportunities for capital appreciation through investments in a diversified basket of debt, equity and money market instruments.
Five trends in India's steel industry
Growth for India's steel industry has been hampered by regulatory and environmental hurdles, land acquisition delays and social opposition.
Buy Usha Martin; target of Rs 69: Aditya Birla Money
Aditya Birla Money is bullish on Usha Martin (UML) and has recommended buy rating on the stock with a target of Rs 69 in its February 9, 2011 research report.
NIIT Tech eyeing buys in health, insuarance, manufacturing
NIIT Technologies is looking to acquire assets in verticals such as healthcare, insurance and manufacturing, its chief executive officer (CEO) said on Wednesday.
