Live Budget 2013-14: MCX up 3% as FII can participate in currency derivatives

Thu, Feb 28, 2013 at 12:26 Shares of Multi Commodity Exchange of India (MCX) jumped 2.66 percent to Rs 1,148 on Thursday as the Finance Minister P Chidambaram said FII can participate in currency derivatives. Like...

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Budget 2013: Defence budget hiked, FDI rules to be made easier

With an eye firmly on the Lok Sabha elections which are scheduled for early 2014, Finance Minister P Chidambaram focused on rural India while presenting Union Budget 2013-14 in Parliament on Thursday. He announced that the Ministry of Rural Development...

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Live Budget 2013-14: Realty stocks up on addl interest deduction on housing loan

P Chidambaram came out with slew of measures to boost economy in hits Union Budget Speech for 2013-14, some of them are:>Additional investment allowance: 4-5 percent effective additional tax saving>Additional interest deduction on housing...

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Economic Survey: 2013/14 GDP growth seen at 6.1-6.7 percent

Wed, Feb 27, 2013 at 12:12 INDIA-BUDGET-ECONOMIC-SURVEY:Economic Survey: 2013/14 GDP growth seen at 6.1-6.7 percent Like this story, share it with millions of investors on M3 Economic Survey: 2013/14...

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Buy NCDEX Cocud on dips: Geojit Comtrade

Wed, Feb 27, 2013 at 12:13 Geojit Comtrade has come out with its report on Pepper, CPO and Cocud. According to the research firm, one can sell Pepper on bullbacks, CPO below Rs 458 and buy Cocud on dips. Like this...

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Hold Oracle Financial; target Rs 3353: Firstcall Research

Firstcall Research has recommended hold rating on Oracle Financial Services Software with a target price of Rs 3353, in its February 25, 2013 research report."Oracle Financial Services Software (formerly Iflex solutions) is a leading provider of applications...

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U.S. ex-basketball player Rodman bound for North Korea - AP

SEOUL (Reuters) - Retired U.S. basketball player Dennis Rodman is to visit North Korea to film a television documentary and will arrive in the capital Pyongyang on Tuesday, the Associated Press reported. Rodman, now 51 years old, won five NBA championships...

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U.S. Plains states hit with 2nd winter storm in a week

By Kevin Murphy KANSAS CITY, Missouri (Reuters) - A potent winter storm bore down on the southern U.S. Plains on Monday, dumping more than a foot of snow and creating blizzard conditions in Oklahoma, Texas and parts of Kansas still digging out from...

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Tata Steel at 52-week low on CLSA sell report

Tata Steel , one of the largest steel producers in India, dropped as much as 2.5 percent intraday to touch a new 52-week low of Rs 352.05 on Tuesday after the research firm CLSA recommended a sell rating on the stock with a target price of Rs 310."The...

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Sell crude on all rallies, says T Gnanshekar

Mon, Feb 25, 2013 at 12:14 T Gnanshekar, Director of CommTrendz Research & Fund Management said precious metals will have weaker trend going forward with withdrawal of quantitative easing (QE), which going to be a big overhang...

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Finance railways; earn tax free income

Indian Railway Finance Corporation Ltd (IRFCL) has come out with its tranche II bond issue. The issue carries a coupon of 7.38% and 7.54% for 10 years and 15 years, respectively. Interest received on the bond is fully exempt from income tax. The pre-tax...

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Israel carries out Arrow missile interceptor test-official

JERUSALEM (Reuters) - Israel carried out a successful test of its upgraded Arrow missile interceptor on Monday, an Israeli official said. The U.S.-backed Arrow missile is designed to shoot down incoming ballistic missiles at altitudes high enough to...

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Kalam inaugurates three-day science fair at Ghaziabad

Sat, Feb 23, 2013 at 23:02 Kalam inaugurates three-day science fair at Ghaziabad Like this story, share it with millions of investors on M3 Kalam inaugurates three-day science fair at Ghaziabad Kalam...

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Italian election: Will it be a hung parliament?

Italy goes to election on Sunday and Monday with no clear indication of a definite outcome. So, will Italy go the Greece way; will it need a second election, what impact will that have on the Euro Zone and of course on global markets?Euro looks weak...

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How to trade your favourite stocks during Budget week?

If the Budget disappoints the market, Nifty may break 5800, says Sudip Bandyopadhyay, MD & CEO, Destimoney Securities. In such an eventuality, he says, the level of 5500-5600 is likely.Bandyopadhyay helps investors out with their investment queries...

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12 per cent votes polled in first two hours in Meghalaya

Shillong, Feb 23 (PTI) Twelve per cent of the electorate exercised their franchise in the first two hours of voting for the 60-member Meghalaya Assembly. Chief Election Officer P Naik said polling has been peaceful so far and no untoward incident has...

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Buy Mayur Uniquoters; target Rs 480: Firstcall Research

Firstcall Research is bullish on Mayur Uniquoters and has recommended buy rating on the stock with a target price of Rs 480 in its February 20, 2013 research report."Mayur Uniquoters is has a full range of machinery to fulfill Printing, Embossing, Lacquering,...

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Budget 2013: Service Tax Reverse charge mechanism

Published on Sat, Feb 23,2013 | 12:29, Updated at Sat, Feb 23 at 12:30Source : Moneycontrol.com  By: Pratik Shah, Head-Indirect Tax, SKP Group The Finance Act, 2012 introduced 'Negative list based taxation' w.e.f 1st July, 2012 shifting...

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EMs' weakness not externally driven; cautious on India: JPM

Blaming fundamental headwinds in Asian markets, Sunil Garg, managing director, Head- Asia Banks & Financial Services, JP Morgan, says the weakness in emerging markets is not externally driven."A lot of the volatility and the weakness in Asian markets...

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Sell crude at Rs 5130-5140 per bbl: Bhanushali

Tarang Bhanushali of IIFL suggests shorting crude around Rs 5,130-5,140 per bbl keeping target of Rs 4,950 per bbl and strict stop loss of Rs 5,210 per bbl.See subsidy burden of Rs 8100 cr in Q4: Oil India Further Bhanushali said that base metal was...

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IIFL retains downward bias on mkt; sees no earnings upturn

H Nemkumar, Head of Institutional Equities at IIFL told CNBC-TV18 that profit growth in the last five years has been very anaemic and equities are not yielding much due to decline in profits. Going forward, he maintains a weak earnings outlook for FY14...

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A snapshot of key market expectations from Budget 2013

Morgan StanleyBudget could be positive for the oil & gas industry and neutral for utilities, media, property, and health care. Do not see any direct policy measures that would hurt consumption, but lower government expenditure would constrain top...

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Videocon surges on Mozambique block sale plan

Reuters Market Eye - Shares in Videocon Industries gain 8.6 percent after the consumer electronics and oil company says it is in talks to sell its 10 percent stake in an oil and gas block off the coast of Mozambique and Tanzania. Videocon Chairman Venugopal...

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NCDEX Jeera Mar Fut may slip to Rs 12500: Sharekhan

Sharekhan has come out with its report on Jeera. The research firm continues to be bearish on the NCDEX Jeera March contract for a target of Rs12500 on the downside, which is the equality target. The reversal of the bearish stance is placed above the...

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Emkay expects FM to deliver a conservative Budget for FY14

Emkay Global Financial Services has come out with its report on Budget Preview. According to the research firm, Union Budget FY14 will likely be conservative.Union Budget FY14 will need to juxtapose imperatives of Fiscal sustainability (India's credit...

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Why 'La Ultra - The High' is the cruelest marathon

Rajat Chauhan/ Forbes IndiaLa Ultra-The High, the cruellest run in the world, is as much a test of the mind as it is of the body I'm a medical doctor. And there's one thing I know for a fact. When you're born, the only thing you can be certain of is...

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Do not see midcap rally; oil gas to lead mkt: Nilesh Shah

Nilesh Shah, MD & CEO of Envision Capital believes the market is in consolidation mode ahead of the Budget. He told CNBC-TV18 that the lack of earnings visibility is weighing on the midcap stocks and he does not expect a durable rally in the sector till...

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Kingfisher gains on United Breweries loan hopes

Reuters Market Eye - Shares in Kingfisher Airlines gain by its daily limit of 5 percent after controlling stakeholder United Breweries Holdings Ltd raised the amount it can lend to the ailing carrier. United Breweries said it had raised the limit of...

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Ashoka Buildcon appoints director

Tue, Feb 19, 2013 at 12:26 Ashoka Buildcon has informed that Mr. Gyan Chand Daga, has been appointed as an Non-Executive Independent Director of the Company w.e.f. February 18, 2013. '; if (google_ads[0].type=="text")...

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Sell gold crude: Naveen Mathur

Naveen Mathur, Associate Director, Commodities & Currencies at Angel Broking advises selling gold and crude."We would recommend selling gold contract on MCX because of the appreciation of the rupee. The selling can be initiated at around Rs 30,280-30,300...

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Sell Lanco Infra on rise, says Sudarshan Sukhani

Sell Lanco Infratech on rise, says Sudarshan Sukhani of s2analytics.com.Sukhani told CNBC-TV18, "Lanco Infratech is another one that has cracked. It is difficult for me to determine a downside target because that target could become negative. That would...

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Buy JSW Energy HPCL, Ashok Leyland: Sharmila Joshi

In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi, Peerless Securities shares trading strategy of the day.I start by buying JSW Energy . This I buy with a target of Rs 61 and a stop loss at Rs 59. We have seen a very good set of numbers from JSW...

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Reliance Communications may test Rs 75-80: Sukhani

Reliance Communications may test Rs 75-80, says Sudarshan Sukhani of s2analytics.com.Sukhani told CNBC-TV18, "There is some more upside in Reliance Communications. It came down to very strong support levels to Rs 64-65. It bounced from there on Friday....

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Centre had given all possible help to UP for Kumbh: Jaiswal

Kanpur, Feb 16 (PTI) Urging the state and Union government to work together to avoid any mishap at Kumbh in the future, Union Coal Minister Sriprakash Jaiswal today said that the Centre had extended all possible help for organising the Mela. "The deaths...

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Minor girl raped by relative

Suri (WB), Feb 16 (PTI) A minor girl was allegedly raped by her maternal uncle at Nalhati in Birbhum district. The police today said that the victim, a student of class-two, was raped by her maternal uncle Binod Mal last night at Mahulapara village in...

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PAK-3RDLD BLAST 2 LAST

Security forces cordoned off the area and did not allow Security forces cordoned off the area and did not allow the media to approach the site of the blast. Officials said this was done as terrorists had set off a bigger bomb after a smaller initial...

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Protest against setting up of thermal plant

Mayiladuthurai, Feb 16(PTI) Local fishermen today began a relay fast protesting against setting up of a private thermal station at Tharangampadi in Nagapattinam district. Officials said the fishermen had begun their agitation even as the company had...

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New WA regimes will not have adverse impact on ties:VP

Bangalore, Feb 16 (PTI) Vice President Hamid Ansari has said the new regimes in some West Asian countries would not have an adverse impact on India's bilateral ties but "hard economic and geo-political interests" would ensure harmonious relationships....

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Raid at RTO

Salem, Feb 16 (PTI) Unaccounted money to the tune of Rs 1.14 lakh has been seized during a raid on the Salem West Regional Transport Office, police said today. Cash was found strewn around the room and in waste-paper baskets, DySP, Vigilance and Anti-Corruption...

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Motilal Oswal neutral on HT Media; target Rs 113

Motilal Oswal has maintained a neutral rating on HT Media with a target price of Rs 113, in its February 13, 2013 research report."HT Media's 3QFY13 PAT grew 11% YoY and 61% QoQ to INR536m (est INR534m). EBITDA/PBT was 2/6% above estimate, largely due...

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Sell SBI on rally: Sudarshan Sukhani

Sell State Bank of India (SBI) on rally, says Sudarshan Sukhani of s2analytics.com.Sukhani told CNBC-TV18, "State Bank of India is a short sell. It has not come to support levels also otherwise I would have said let us try for a bounce today.  Banks...

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Monnet Ispat eyes Rs 3500cr turnover in FY14, says CFO

Monnet Ispat reported a net profit of Rs 57.5 crore in the third quarter of FY13 as compared to the Rs 73 crore in the corresponding quarter last fiscal. The company posted net sales of Rs 459 crore versus Rs 481 crore year-on-year.Ajay Bhat, Group CFO...

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