Trade Wings: Updates on sales of equity shares by promoter

Trade Wings Ltd has informed BSE that the Company had received approval from SEBI vide their letter dated March 13, 2013 for dilution of promoter shareholding on the floor of Stock Exchange to comply with Minimum Public Shareholding requirement as per...

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Buy Amara Raja Batteries; target Rs 335: ICICIdirect

Brokerage house ICICIdirect.com is bullish on Amara Raja Batteries and has recommended buying the scrip around Rs 279-270 for a target price of Rs 335.ICICIdirect.com report on Amara Raja: Amara Raja Batteries is one of the leading lead acid battery...

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Sell Allahabad Bank, says Sukhani

According to Sudarshan Sukhani of s2analytics.com, Allahabad Bank  is a selling opportunity. He feels there is more downside in the stock.Sukhani told CNBC-TV18, "The Nifty is roaring up and the Bank Nifty is flat, it is hardly moving and PSU banks...

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Global mkts in risk-on mode; Nifty may see 6150 ahead

Over the last few days, expectations of global growth have started to pick up, feels Udayan Mukherjee, managing editor, CNBC-TV18. According to him, although European investors have been cautious, US and Japanese investors have been more exposed to equities. "We...

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RPG Life Sciences surges 16% on strong Q4 earnings

Moneycontrol Bureau RPG Life Sciences is excited on the bourses today on the back of turnaround in Janaury-March quarter earnings. At 11:50 hrs RPG Life Sciences was quoting at Rs 72.65, up Rs 10.40, or 16.71 percent. The pharmaceutical company...

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Won't use QIP, preferential issue funds to cut debt: DEN

Cable distribution company DEN Networks intends to use the recently raised funds for consolidating the digitisation process and for broadband rollout, MG Azar told CNBC-TV18."The industry is going through a massive transition from analog to digital and...

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HSBC sees stable rupee for next 3-6 months

Manish Wadhwan, managing director, HSBC expects the Indian rupee to be stable for the next three to six months. Wadhwan justifies his expectations by saying the trade deficit number, USD 12-15 billion a month, is on expected lines and capital flows will...

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Stuck record: Why Amartya Sen is wrong on food security

R JagannathanFirstpost.comIt is becoming increasingly difficult to retain respect for Nobel laureate Amartya Sen. He seems to surface in the media every time the UPA government is about to legislate its pet follies, providing intellectual succour to...

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MCX can move to Rs 1250-1300: SP Tulsian

Multi Commodity Exchange of India (MCX) can move to Rs 1250-1300 in next six months, says SP Tulsian of sptulsian.com.Tulsian told CNBC-TV18, "My long-term view on MCX is positive, maybe with a view of about 6-12 months. I gave a recommendation when...

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Banks, insurers in cahoots for money laundering: Cobrapost

Moneycontrol BureauMedia website Cobrapost Monday said that banks and insurance companies were acting hand-in-glove to help their customers launder black money and pass it off as legitimate income. Life Insurance Corporation, State Bank of India , Bank...

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Reliance Communication hikes voice call prices by 20%

Reliance Communications , India's third-biggest mobile phone carrier by customers, said on Monday it had increased voice call prices on some of its plans by about a fifth and cut promotional offers and discounts on some others by up to 65 percent.The...

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Glenmark profit may miss estimates: StarMine

Glenmark Pharmaceuticals Ltd could miss January-March earnings consensus forecast, according to Thomson Reuters StarMine data.StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, shows Glenmark could report a net...

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Hold Godrej Consumer Products, says Ventura

Ventura has recommended hold rating on Godrej Consumer Products  (GCPL), in its May 03, 2013 research report. The research firm expects, the company to post robust set of numbers in its domestic business going ahead on the back of new launches and...

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India's rating upgrade unlikely anytime soon: SP

Amid high public-debt levels and concerns about deficit and subsidies, the India growth story still remains positive, global rating agency Standard and Poor's (S&P) said today. However, the rating agency ruled out rating upgrade of India anytime...

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Taking away capital mgmt from RBI not advisable: Subbarao

Moneycontrol BureauReserve Bank of India Governor Duvvuri Subbarao, who is known to have mind of his own, and has many times been at odds with the Finance Minister today voiced his discontent about the Financial Sector Legislative Reform Commission(FSLRC's)...

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Aurobindo Pharma gets USFDA nod for prostate treatment drug

Moneycontrol BureauAurobindo Pharma on Saturday said it has received final approval from the US Food and Drugs Administration to manufacture and market Tamsulosin Hydrochloride capsules in 0.4mg strength. The drug is a generic version of Boehringer...

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Balaji Telefilms did not disclose Rs 30cr income: I-T

Three days after conducting searches at Balaji Telefilms' facilities and also at the houses of its promoters here, the Income Tax department today said the film production house had not disclosed Rs 30 crore income it had earned, and thus evaded tax."After...

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Below Rs 189, BHEL likely to hit Rs 170: Jai Bala

According to Jai Bala of cashthechaos.com, BHEL is likely to decline to about Rs 170 if it falls below Rs 189.Bala told CNBC-TV18, "One can see the underperformance of BHEL, when other stocks have been performing so well this stock is doing quite poorly."...

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Pfizer postpone its board meeting

With reference to the earlier announcement dated April 23, 2013, regarding a meeting of the Board of Directors of the Company will be held on May 03, 2013, inter alia, to consider & take on record the Audited Financial results for the year and quarter...

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Pak prisoner attacked in Jammu jail, condition serious

A Pakistani prisoner Sanaullah serving a life term was attacked inside the high-security Kot Balwal jail here by a fellow inmate this morning and his condition is stated to be serious, official sources said.Also read: Sarabjit Singh to be cremated with...

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SKF India: Outcome of AGM

May 02, 2013, 12.27 PM IST Like this story, share it with millions of investors on M3 SKF India: Outcome of AGM SKF India at its 52nd AGM held on April 30, 2013 has declared dividend on the equity shares...

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Sturdy Industries: Outcome of board meeting

May 02, 2013, 12.27 PM IST Like this story, share it with millions of investors on M3 Sturdy Industries: Outcome of board meeting Sturdy Industries shareholders have given their consent and approval for...

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Nitco: Outcome of board meeting

May 02, 2013, 12.27 PM IST Like this story, share it with millions of investors on M3 Nitco: Outcome of board meeting Nitco at its meeting held on April 30, 2013 has decided to seek the approval of members...

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Gold edges down, investors cautious ahead of Fed

Gold ticked lower on Wednesday on lack of physical buying and as investors waited to see if the US Federal Reserve sticks to its stimulus programme to spur the economy, which could boost the metal's appeal as a hedge against inflation.The Fed's policy-making...

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No end in sight for Fed stimulus as inflation sags

The Federal Reserve's debate over US monetary policy could begin to shift away from the prospect of reducing stimulus toward a discussion about doing more, given the signs of economic weakness and slowing inflation.But policymakers are not there yet....

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China factory PMI raises doubts about economy's strength

Growth in China's manufacturing sector unexpectedly slowed in April as new export orders fell, raising fresh doubts about the strength of the economy after a disappointing first quarter.The official purchasing managers' index (PMI) fell to 50.6 in April...

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