RBI Reference Rate for US $ and Euro

IT company Rolta India is likely to sell 50% stake in the joint venture company Shaw Rolta for over Rs 150 crore, reports CNBC-TV18 quoting sources.

Orchid Chemical has announced its results for the quarter ended December 2010. It has reported net profit at Rs 52.5 crore as against net loss of Rs 17 crore.

PINC Research has maintained hold rating on MindTree with a target of Rs 560 in its January 19, 2011 research report.

Tata Chemicals UK arm is going to buy British Salt for £93 million, reports CNBC-TV18. It touched an intraday high of Rs 385.00 and an intraday low of Rs 377.15. At 12:33 hrs the share was quoting at Rs 384.70, up Rs 5.60, or 1.48% on the NSE.

HOV Services has been fixed February 02, 2011 as the Record Date for the purpose of payment of interim dividend.

Crompton Greaves record date for payment of interim dividend will be February 04, 2011 and the date of payment will be February 14, 2011.

Piramal Healthcare buy back of 4.18 cr at Rs 600/ share is in the process of finalisation and shall be dispatched once received regulatory clearances.

Allahabad Bank has decided to increase the interest rate ranging from 0.50% to 1.50% on various term deposit schemes with effect from Jan 10, 2011.

RBI Measures to extend Credit Support to Micro Finance Institutions

Tata Steel has finalised allocation of 83.25Lk equity shares to anchor investors at a price of Rs 610 per equity share.

Nirmal Bang is bullish on Apar Industries and has recommended buy rating on the stock with a target of Rs 354 in its January 19, 2011 research report.

Steel Authority of India (SAIL) was among major gainers on the Nifty. It touched an intraday high of Rs 170.25 and an intraday low of Rs 162. At 12:05 hrs the share was quoting at Rs 169.20, up Rs 7.20, or 4.44%.

Aarti Industries has fixed Febraury 08, 2011 for the purpose of payment of Interim Dividend if any, declared.

At 11:55 hours IST - the benchmark Nifty was trading in a tight range of 5708-5747 since morning after its pullback seen yesterday on short covering. Metal, oil & gas, Anil Dhirubhai Ambani Group and telecom companies' shares were supporting the markets.

SKS Microfinance touched an intraday high of Rs 690.60 and an intraday low of Rs 650. At 11:59 hrs the share was quoting at Rs 673.55, up Rs 22.80, or 3.50%.

Liquidity Adjustment Facility : Auction Results

HCL Technologies has declared Interim Dividend of Rs 2 per equity share of face value of Rs 2 each of the Company.

Regis Philbin said on Tuesday he was retiring from his morning TV show "Live with Regis and Kelly!" after 28 years with the program.

The health of Apple Inc Chief Executive Steve Jobs will overshadow quarterly results on Tuesday from the consumer electronics powerhouse, whose iPhone and iPad excited holiday shoppers.

International lenders warned emerging European states on Tuesday to strengthen plans to consolidate their finances even as Poland, Romania and Hungary said they were assessing global market appetite for their bonds.

Two German towns that straddle the former Iron Curtain are locked in a dispute over their nearly identical names.

McDonald's Corp will boost prices 2% to 3% in 2011 to offset rising inflation, mostly from higher food costs, RBC Capital Markets analyst Larry Miller said on Tuesday.

The world's top software producer, Microsoft, will shift its trade with Russian partners to roubles starting in March to ease currency risks for local clients.

Suicide bomber kills 45 police recruits in Iraq