Stock News
Oil & gas given short shrift
about 7 hours ago via
moneycontrol
Oil & gas given short shrift : The key concerns of oil & gas sector on the direct taxes code (DTC) released last year have remained unaddressed in the DTC tabled in Parliament on August 30, 2010 (DTC 2010). Despite various representations, the DTC 2010 has retained, in lieu of existing profit-based tax holiday, the so-cal http://bit.ly/d5Fhwd
July adds 17m phone users, teledensity at 58.17%
about 7 hours ago via
moneycontrol
July adds 17m phone users, teledensity at 58.17% : A total of 17 million telecom subscribers were added in the country in July this year. With this the total number of telecom users has touched 652.42 million according to the data released by the Telecom Regulatory Authority of India. The wireless subscriber base increase http://bit.ly/dzGcMH
Suzuki to infuse Rs 1,925 cr for 3rd Manesar unit
about 7 hours ago via
moneycontrol
Suzuki to infuse Rs 1,925 cr for 3rd Manesar unit : Faced with rising competition, the country s largest carmaker, Maruti Suzuki, will invest up to Rs 1,925 crore for setting up its third factory at Manesar in Haryana. The investments would be made by the company s Japanese parent firm Suzuki Motors. In an address to its http://bit.ly/bXWiWa
Going together, growing together
about 7 hours ago via
moneycontrol
Going together, growing together : Amal Bhattacharya Managing Director Unix Infrastructure Ltd. Animal are living better than us , said noted philosopher Voltaire. They don t have to look at the watch. he added. Another eminent philosopher Fechner had stated in this regard, The watch just kills us. Time will get alive whe http://bit.ly/9DENT5
Saltee Group Strategically located efficient developments
about 7 hours ago via
moneycontrol
Saltee Group Strategically located efficient developments : Developing some of the most prime addresses in Salt Lake, Saltee Group owes its existence to the organised township of Salt Lake. The fact that the developmental pattern of today s Kolkata was developed with Salt Lake as the centrepoint and Sector 5 as the commer http://bit.ly/9dkN4Q
KEC Int'l buys US tower co for $95 m
about 7 hours ago via
moneycontrol
KEC Int'l buys US tower co for $95 m : KEC International, India s second-largest maker of electricity transmission towers, agreed to acquire US-based SAE Towers Holdings for $95 million to help the company win business in North and Latin America. The Mumbai-based company expects to complete the transaction by the month en http://bit.ly/b6gSnd
Post-Vedanta jolt, Sterlite a good pick for investors
about 7 hours ago via
moneycontrol
Post-Vedanta jolt, Sterlite a good pick for investors : Vedanta Resources company Sterlite Industries, which saw its shares tank 8-10% mainly on account of Vedanta s proposed acquisition of Cairn India and Vedanta Aluminium s (VAL) failure to secure a mining licence at Niyamgiri, is turning out to be a hot pick for invest http://bit.ly/b2h6OS
Subbarao calls for higher pay for PSB executives to retain...
about 7 hours ago via
moneycontrol
Subbarao calls for higher pay for PSB executives to retain...: In a bid to retain talent, RBI governor D Subbarao has strongly favoured higher compensatory packages for public sector bank (PSB) officials. There is perhaps good reason to revisit the system of fixing compensation for PSBs. If public sector banks are require http://bit.ly/btXR0T
AB Nuvo pumps Rs 300 crore into NBFC subsidiary
about 7 hours ago via
moneycontrol
AB Nuvo pumps Rs 300 crore into NBFC subsidiary : Aditya Birla Nuvo has infused Rs 300 crore into its non-banking finance company (NBFC) Aditya Birla Finance (ABF) to fund its two-pronged expansion plans. ABF s current capital base is estimated at Rs 250 crore. The finance company plans to foray into retail lending agains http://bit.ly/dpWieB
'Retail products hit banks' asset quality'
about 7 hours ago via
moneycontrol
'Retail products hit banks' asset quality' : The asset quality in the banking industry has been hit by stress on personal loan products, SBI chairman OP Bhatt said on Tuesday. There has been a steady deterioration in asset quality of banks in the last two years on account of heavy stress in credit card and personal loan p http://bit.ly/bQC7Lo
Liquidity adequate, infra spends to boost credit growth: bankers...
about 7 hours ago via
moneycontrol
Liquidity adequate, infra spends to boost credit growth: bankers...: The huge infrastructure investment in the coming days will give a push to credit growth in the second half of 2010-11. Liquidity, which is currently seen tight in the near term, too would not pose any problem, said bankers. ICCI Bank managing director & http://bit.ly/bOrgvt
Vibrant growth likely to tempt central bank to up rates again...
about 7 hours ago via
moneycontrol
Vibrant growth likely to tempt central bank to up rates again...: Reviving growth was a priority just a year ago but India s quick return to high economic growth path this year is likely to tempt the hawkish central bank to hike interest rates again on September 16 to curb demand and inflation. Reserve Bank of India gover http://bit.ly/a9lvh9
Central sops to stop paddy diversion in Kerala
about 7 hours ago via
moneycontrol
Central sops to stop paddy diversion in Kerala : As rubber prices soared to Rs 180 per kg, even land, which is not traditionally best suited for rubber is getting converted in Kerala, thus shrinking the area under paddy cultivation. To stop diversion of paddy area towards rubber farms, the Kerala government has decided to http://bit.ly/dsqnQa
Cashew exports fall on high local demand
about 7 hours ago via
moneycontrol
Cashew exports fall on high local demand : Cashew exports continue to be weak with traders focusing more on the domestic market where prices are a tad higher than global market. Exporters said in the global market, buyers are reluctant to buy large volumes and are opting to near-term contracts. Ideally, the current month http://bit.ly/9UjLkj
Split wide open on rate hike
about 7 hours ago via
moneycontrol
Split wide open on rate hike : For economists, the likelihood of RBI lifting rates nine days from now is not an open-and-shut case. Although 60% respondents forecasted a 25 bps increase in each of the two policy rates reverse repo and repo a significant minority says the central bank will keep rates steady in its mid-quar http://bit.ly/aBY3mz
Bhel plans NBFC for power projects
about 7 hours ago via
moneycontrol
Bhel plans NBFC for power projects : Flush with funds, state-run power equipment manufacturer Bharat Heavy Electricals (Bhel) is entering the financing business in a big way. Keen to transform itself into a provider of total solutions to generation projects, Bhel has decided to float a non-banking finance company (NBFC) a http://bit.ly/9dNQQY
Sending right signals in troubled areas
about 7 hours ago via
moneycontrol
Sending right signals in troubled areas : The government has drawn up a plan to bolster state-run broadcasting in areas vulnerable to misinformation campaign from across the border. Such campaign by way of radio and television content is viewed by the government as posing a threat to national security by wrongly influenci http://bit.ly/d29coW
Bigger land acquisition burden seen on pvt firms
about 7 hours ago via
moneycontrol
Bigger land acquisition burden seen on pvt firms : The government s role in acquisition of land for industrial and infrastructure projects could be whittled down from what is proposed in the Land Acquisition (amendment) Bill. Official sources told FE that the Prime Minister s Office is reviewing a proposal from the rural http://bit.ly/daFP6u
SBI plans retail bond issue for Rs 500 cr
about 7 hours ago via
moneycontrol
SBI plans retail bond issue for Rs 500 cr : State Bank of India (SBI), the country s largest bank, on Tuesday said it will raise up to Rs 500 crore through a retail bond issue. In a statement to the Bombay Stock Exchange, SBI said: The executive committee of the central board of the Bank has approved raising tier II capit http://bit.ly/atxAwP
Demands, overseas recast turn the tide for BFL
about 7 hours ago via
moneycontrol
Demands, overseas recast turn the tide for BFL: Bharat Forge (BFL) has reaped the benefits of restructuring of its overseas arms besides robust demand to come out of the red. http://bit.ly/d0CUhn
New buy to ease capacity constraint of KEC
about 7 hours ago via
moneycontrol
New buy to ease capacity constraint of KEC: The acquisition of SAE Towers, a US-based tower manufacturing company, is an important step for the growth and consolidation for KEC International. http://bit.ly/9zawTd
Cash deployment is crucial for TGB
about 7 hours ago via
moneycontrol
Cash deployment is crucial for TGB: Over the past few years, Tata Global Beverages (TGB) has transformed itself from a tea plantation company to a marketing company. http://bit.ly/bIrAcP
SEBI diktat on share demat set to improve liquidity
about 7 hours ago via
moneycontrol
SEBI diktat on share demat set to improve liquidity: SEBI diktat on share demat set to improve liquidityThe move is positive since it will help improve volumes amid wider participation of public in trading of shares. http://bit.ly/aLFPvf
HSBC's chairman Green to quit, join UK govt
about 8 hours ago via
moneycontrol
HSBC's chairman Green to quit, join UK govt: HSBC Holdings chairman Stephen Green plans to step down and become trade minister for the UK government, according to a person with knowledge of the talks. http://bit.ly/901TWE
Barclays names Diamond as CEO
about 8 hours ago via
moneycontrol
Barclays names Diamond as CEO: Robert Diamond, the architect of Barclays' investment banking expansion, was appointed chief executive officer and pledged to boost the bank's consumer unit. http://bit.ly/cVs75Q