Buy Exide Industries below Rs 130: SP Tulsian

SP Tulsian, sptulsian.com advises to buy Exide Industries below Rs 130.Tulsian told CNBC-TV18, "Exide Industries results have been good but the market has stopped taking the assurances or maybe the continuity of the similar kind of performance. Maybe...

23.07 | 0 komentar | Read More

Buy Titan Industries; short Bharti Airtel: SP Tulsian

SP Tulsian, sptulsian.com advises to buy Titan Industries and short Bharti Airtel .Tulsian told CNBC-TV18, "I have taken a long call on Titan Industries, because I think the renewed interest is coming back into the stock. We have seen many large investors...

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Market consolidating, moved in 5,850-5,950 range: Udayan

All in all, Monday witnessed a steady session of trade, with the market probably consolidating after the rally. Friday saw a corrective dip, and on Monday the market pulled back and steadied somewhat, essentially moving in a in a 5,850-5,950 kind of...

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Sebi seeks transfer of Sahara repayment petitions to SC

In the on-going battle between SEBI and Sahara in the Supreme Court , the stock market regulator has moved a transfer application seeking all matters related to the Supreme Court's order directing repayment of Rs 24,000 crore to Sahara's OFCD investors...

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A synopsis of what Nomura expects from RBI credit policy

Moneycontrol BureauThe Reserve Bank of India (RBI) is going to announce its fourth quarter (January March) credit policy on May 3. Speculations are rife that the central bank may cut the policy (repo) rate in the range of 25 50 basis points in a bid...

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Fees for check-in bags to slightly push airline rev: Expert

The Directorate General of Civil Aviation (DGCA) earlier today announced that it was permitting scheduled airlines to charge for certain unbundled services separately like preferred seats on a flight, check-in baggage and meals among other things, thereby...

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ING Vysya Bank Q4 net up 34%, stock hits 52-wk high

Moneycontrol BureauA robust growth in interest income and lower provisions against bad loans helped  ING Vysya Bank  to report nearly 34 percent spike in its fourth quarter (January-March) net profit at around Rs 170 crore. Net interest...

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3G row: HC asks Bharti Airtel to respond to BSNL's plea

The Delhi High Court today asked Bharti Airtel to respond to a plea of state-owned BSNL seeking to implead itself as a party to a plea filed by the private telecom major against imposition of penalty of Rs 350 crore for offering 3G services in areas...

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CCI directs MoEF to accord clearances on Sail's Gua mine

The Cabinet Committee on Investment has directed the Ministry of Environment and Forests to accord clearance to Sail 's Gua iron ore mine, a site in Jharkhand which is crucial in the PSU's Rs 43,000 crore expansion plans."The Committee (CCI) has directed...

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Finance Bill to be tabled on Tuesday with 12 amendments

After a logjam of five days, Parliament will finally be functioning tomorrow as the Finance Bill 2013 is likely to be tabled tomorrow with close to 12 amendments, reports CNBC-TV18's Aakansha Sethi.Bhartiya Janata Party, which has been demanding prime...

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India's exports to Pak rises to $1.64 bn in Apr-Feb

India's exports to Pakistan has improved to USD 1.64 billion during April-February 2012-13, Parliament was informed today. For the entire 2011-12 fiscal, the shipments to the neighbouring country had stood at USD 1.53 billion.The country's imports from...

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2G scam: Raja attacks JPC, says PM was aware of decisions

Hours after he reiterated his allegation that Prime Minister Manmohan Singh was aware of all the decisions taken in connection with the allocation of 2G spectrum, former telecom minister A Raja on Monday attacked the Joint Parliamentary Committee (JPC)...

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Opting out of GST no option: Sushil Modi

Bihar deputy chief minister and chairman of empowered committee of state finance ministers on Goods and Services Tax (GST) Sushil Modi on Monday said the option for the states to opt out of the proposed new taxation regime no longer exists."Earlier,...

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Challenge to boost IP revenue; EBITDA up 0.8%: Persistant

Persistent Systems ' dollar-revenue for the quarter stood at USD 62.11 million, up 2.2 percent (QoQ). Fourth-quarter EBITDA stood at Rs 83.07 crore, up 0.8 percent (QoQ). Persistent's IP-led business grew 124 percent annually, but  fell short sequentially....

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ABB to acquire US based Power-One for over USD 1 bn

Power and automation technology firm ABB today said it will acquire US-based solar energy company Power-One for over USD 1 billion (around Rs 5,400 crore) to become a global leader in solar photo-voltaic inverters."ABB and Power-One today announced that...

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India's mobile services industry to grow by 8 percent, but remain a speck in global market

Apr 22, 2013, 09.15 PM IST Source: Tech2.com Like this story, share it with millions of investors on M3 India's mobile services industry to grow by 8 percent, but remain a speck in global market The smartphone...

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Maran stake rises to 22.05% in SpiceJet

SpiceJet on Monday said its promoter Kalanithi Maran's stake in the no-frills airline has increased by nearly 6 percent to 22.05 percent due to allotment of equity shares following conversion of convertible debentures. Maran's stake has risen from 16.27...

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Mukesh Ambani to pay for his hightened security

Amidst attacks from Left parties for its decision to provide Z class security to RIL chairman Mukesh Ambani, the government on Monday said the business tycoon would himself bear the expenses for it."Ambani will bear the expense for the Z category of...

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CCI clears 13 power projects, 25 oil blocks

Moneycontrol BureauPushing the government's reform agenda further, the cabinet committee on investment (CCI) today cleared 13 power projects and 25 oil blocks, which will provide much needed to boost to the struggling power and oil and gas sectors. ...

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CCI's 25 oil block clearances to benefit Reliance, ONGC

After clearing five "No-Go" areas for oil and gas exploration, the Cabinet Committee on Investment (CCI) today eased stringent conditions imposed by Defence Ministry on another 25 blocks, freeing USD 4.61 billion investments."The CCI at its meeting held...

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AOC LE42A3320/61 LED TV Review

Apr 15, 2013, 09.05 PM IST Source: Tech2.com Like this story, share it with millions of investors on M3 AOC LE42A3320/61 LED TV Review The 42" TV category hits the sweet spot for most people in the market...

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Proposed US visa curbs to impact customer outlook: NASSCOM

Software services industry body Nasscom today said the proposal by a group of 8 US Senators to restrict business and work visa is "discriminatory" and cautioned that such a move will hit the customer sentiment besides impacting the Indo-American trade...

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ONGC seeks MoEF permit for drilling new wells in KG Basin

State-owned ONGC Limited has approached ministry of environment and forest (MoEF) for the permission to drill 24 development wells and to establish production facility in Krishna-Godavari basin, a top official said on Monday.The drilling work, after...

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Union Bank hits market with USD 500 mn bond issue

Union Bank of India has hit the global debt market to raise around USD 500 million through bond issuance, said two merchant bankers working on the issue. This has comes days after successful bond issuances by State Bank of India last week and a dozen...

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Compensate Tata Power for higher imported fuel cost: CERC

Power sector regulator CERC on Monday said Tata Power should be compensated for the increase in imported fuel cost for 4,000 MW Mundra ultra mega power project in Gujarat. Coastal Gujarat Power Ltd, a wholly-owned subsidiary of Tata Power, had petitioned...

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Indian telcos plan lower investments than Asian peers:Fitch

Due to weaker balance sheet Indian telecom operators are planning to invest a 'significantly lower proportion' of their revenues over the next two years compared to their counterparts in China, Indonesia and Philippines, Fitch Ratings said today."The...

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Gold slumps to 2-year low below $1,400 per ounce

Gold dropped 6 percent on Monday to USD 1,400 per ounce, its lowest since March 2011, as investors took fright at a market that is heading for its biggest two-day fall in 30 years.Gold has capitulated in the last two trading days to pressure from a proposed...

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Sebi passes consent order in Zensar Technologies case

Market watchdog Sebi has settled allegations of insider trading charges against Pedriano Investments Ltd after it paid a little over Rs 6 lakh towards settlement fees.    Sebi (Securities and Exchange Board of India), in its consent...

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Coal and cattle lead business damage to nature: Study

Coal-fired power generation in Asia and cattle ranching in South America are the most damaging businesses for nature with hidden costs that exceed the value of their production, a UN-backed report said on Monday.Global output of basic goods from cement...

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Shiva trilogy changed my life by 180 degrees: Tripathi

Author Amish Tripathi or Amish as he prefers to be called, is now the stuff of Indian publishing legends. The latest in Shiva Trilogy "The Oath of the Vayuputras" sold five lakh copies within a week of publication, and cumulative sales of the Trilogy...

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Fischer Chemic appoints Dharmen Joshi as Executive Director

Fischer Chemic Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 06, 2013, have approved the following changes in the Board of Directors of the Company.1. Mr. Dharmen Joshi was appointed as Executive Director...

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HC asks Centre to reply to PIL against Mumbai Tax Ombudsman

Delhi High Court today asked the Centre and the Revenue Department to file responses to a plea seeking removal of H K Sharan as Indirect Tax Ombudsman in Mumbai for "fraudulently" securing LL.B degree and other charges. "Respondent 1 (UOI through Cabinet...

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CIL hopeful of recovering Rs 2000cr NTPC dues

Coal India is hopeful of recovering dues of around Rs 2,000 crore from NTPC and remains upbeat on an amicable solution to quality issues -- a major hurdle for signing fuel supply agreement with the power major."The total dues will be close to Rs 2,000...

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Global seaborne trade seen doubling by 2030 - report

Global seaborne trade will more than double by 2030 as China's rapidly growing economy fuels demand for commodities, a report by ship classifier Lloyd's Register, defence technology firm Qinetiq and the University of Strathclyde showed on Monday.World...

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DGCA told to deregister 2 aircraft leased out to Kingfisher

German aircraft leasing firm DVB Aviation Finance Asia PTE Ltd today won a legal battle against grounded Kingfisher Airlines with the Delhi High Court asking aviation regulator DGCA to deregister two leased-out planes lying at Istanbul in Turkey. "The...

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Maharashtra Seamless approves Rs 100 cr share buy back

Pipe maker Maharashtra Seamless today said its Board has approved Rs 100 crore share buy back at a price not more than Rs 300 per scrip through the open market.Board of Directors of the D P Jindal Group firm in its meeting today approved the buy-back...

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Prudential Management's holding in Mahindra up to 11.4 %

Auto major Mahindra & Mahindra today said holding of one of its promoter group firms Prudential Management & Services (PMS) has increased to 11.40 per cent following consolidation of other promoter entities.In a filing to the BSE, Mahindra &...

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Centre agrees in principle to set up HC in Arunachal

The Centre has in principle agreed to set up a separate high court for Arunachal Pradesh for better supervision, monitoring and control over the subordinate courts. Official sources here today said Chief Justice Altmas Kabir and Union Law Minister Ashwini...

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Shiv Sena demands Ajit Pawar's resignation

The city unit of Shiv Sena today demanded resignation of Maharashtra Deputy Chief Minister Ajit Pawar over his insensitive remarks over drought, which has ravaged over a dozen districts in the state. Sena activists staged a demonstration against the...

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RBI bond auctions on April 12, names four securities

Moneycontrol BureauThe Union Government on Monday announced the auction of four government securities to raise Rs 15,000 crore in the second week of the current month. The auction will be held on on Friday 12, 2013, said a release by the Reserve Bank...

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India to offer 68 blocks in tenth round of NELP

India may offer as many as 68 blocks or areas for exploration of oil and gas in the tenth round of New Exploration Licensing Policy (NELP) this year. This will be the second-highest offering of block since the advent of NELP 1999, official sources said....

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Hero MotoCorp reports 11% fall in sales

The country's largest two-wheeler maker Hero MotoCorp today reported 11.36 percent decline in total sales at 4,68,283 units for March. In the same month last year, it had sold 5,28,290 units, Hero MotoCorp said in a statement.Also read: UB Holdings drags...

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Centre may hike DA to 80 percent on Tuesday

Union Cabinet is likely to approve on Tuesday a proposal to increase dearness allowance (DA) to 80 percent from existing 72 percent benefiting about 50 lakh employees and 30 lakh pensioners of the central government. "The Union Cabinet may consider the...

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Sebi disposes of insider trading matter against Axis Bank

Market regulator Securities and Exchange Board of India (Sebi) has disposed of the case against Axis Bank that had alleged the private sector lender of violating various norms, including those related to insider trading as well as regulations for merchant...

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RBI merges debt limits for overseas investors

Moneycontrol BureauThe Reserve Bank of India (RBI) on Monday merged the debt sub limits available for foreign investors into two broad categories - the government debt and corporate debt. The Finance Minister - P Chidambaram had earlier announced...

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2G: Sunil Mittal moves SC seeking quashing of summons

Two weeks after the Patiala House court issued summons against Bharti Airte l chairman Sunil Mittal along with former managing director of Hutchison- Max Asmi Ghosh and vice chairman of Essar Group Ravi Ruia in the additional spectrum grant conspiracy...

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Vijender Singh ordered to take drugs test

Boxing pin-up boy Vijender Singh was ordered by the sports ministry on Monday to take an immediate out-of-competition test after police said he had used heroin on several occasions.Singh, whose middleweight bronze at the 2008 Beijing Olympics helped...

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Former British govt employee to head AgustaWestland India

AgustaWestland, which is surrounded by controversies over the VVIP chopper deal, is appointing a former British Government employee Jackie Callicut as its India head, a post which was vacant for over a year.Callicut has also served in India in her capacity...

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