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Embedding health data of senior citizens on Aadhaar card was among the major healthcare initiatives proposed by Finance Minister Arun Jaitley in his Budget speech on Wednesday. Healthcare industry chiefs lauded the proposal saying such digital penetration could be key to affordable and accessible healthcare to Indian masses.
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Subex, a revenue maximisation and fraud management solutions provider to telecom sector is hopeful of a turnaround in the next two quarters. The company is in a midst of debt restructuring as its cash flows dwindled last year.
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CRISIL has assigned a CRISIL SME fundamental grade of 'SME 3/5' to the proposed IPO of VKC Credit and Forex Services Ltd (VKC). This SME fundamental grade indicates that the fundamentals of the company are good compared to other SMEs in India.
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Patni Delisting: iGate has acquired majority stake in Patni computers in May 2011 for US$1.2 Bn at Rs 503.50 per share.
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SBI has target of Rs 2800, says Manoj Singla, MD & Co- Head Product, Religare Capital Markets.
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High bond yields, distressing October inflation, depreciating rupee and a slew of disappointing results aided Indian equities to slash 5% over the week to end on a very sour note.
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Sudarshan Sukhani, Technicaltrends.com advices trader to buy Patni Computer with stop loss of Rs 333- 330.
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SP Tulsian of sptulsian.com believes that Patni Computers, which released its results yesterday, is a good buy at current levels.
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Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
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According to SMC Global, traders can buy Bharti Airtel and Patni Computers Sept Future and can sell Dabur India Sept Future.
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Most Indian ADRs ended lower on Friday. In Telecom space, MTNL surged 3.48% at $ 2.08 while Tata Communication was down 0.22% at $ 9.16.
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Indian ADRs ended higher on Friday. In IT space, Infosys ended up 1.53% at $ 63.62, Wipro was up 1.21% at $ 12.51, while Patni Computers was down 1.06% at $ 14.09.
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Sell Patni Computers, says Kamlesh Kotak, Vice President – Research, Asian Markets Securities Private Limited.
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On CNBC-TV18's new show Super Six, market gurus Hemant Thukral of SBI Capital Securities, technical analyst at viratechindia.com Hemen Kapadia and Devangshu Dutta, Consulting Editor of Outlook, place their bets on two stocks each.
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Jagdish Malkani, Member NSE/ BSE is bullish on Patni Computers.
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The board of iGate is likely to integrate Patni Computers in its meeting next week, reports CNBC-TV18 quoting sources.
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Indian ADRs ended mixed on Friday. In IT space, Infosys was down 1.04% at $ 64.55 while Patni Computers was up 1.48% at $ 19.95 and Wipro was up 0.23% at $ 13.09.
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Anand Rathi Securities has recommended hold rating on Patni Computers with a target of Rs 500 in its January 13, 2011 research report.
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Phaneesh Murthy, CEO of iGate is upbeat on the deal. In an interview to CNBC-TV18, he said that the first preference is to make both iGate and Patni into a complete integrated one company. However, his first option will be to have an US listing and if not then go for Indian bourses.
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In a chat with CNBC-TV18's Reema Tendulkar and Gautam Broker, SP Tulsian gives his fundamental view while Mitesh Thacker gives his technical view on various stocks/sectors.
