+ Post a Comment HERE!   + Ask a Question / Post a Topic
Results 1 to 2 of 2

Indian Stock Market News & Trends

Advert.

  1. #1
    insight95in
    insight95in is offline eTI Member

    Indian Stock Market News & Trends

    Advert.
    * ECONOMY : Fin Min says increasing foreign flows not a matter of concern..
    ASSOCHAM an industrial body had suggested a 2% tax on foreign flows to curb
    Rupee appreciation
    * HERO HONDA : rpts co may announce a special dividend to distribute the huge
    cash pile of Rs35bn its currently having in its books
    * JSW STEEL : Nippon Steel denies rpts that it is in talks with JSW Steel to
    pick up a minority stake in the co.. but the speculation continues, with the
    name of JFE Steel (world's 5th largest steel maker) now doing the rounds
    * PSU BANKS : Govt asks the larger PSU banks to look out for M&A oppurtunities
    amongst PSU banks.. saying consolidation is imperative to augment efficiency
    * UNION BANK : plans to raise $500mn thru bonds during this fiscal to fund its
    global operations
    * RELIANCE : rpts co mulling entry into low-cost housing.. project could be
    kicked off by 2010
    * PETRONET LNG : may pick up a 10% stake in ONGC Petro-Additions Ltd, which is
    setting up a cracker complex in Gujarat
    * HDFC : JMD says int rates to harden by as much as 50bps by middle of next yr
    * LUPIN : Co sued by Medicis Pharma for patent infringement for generic Solodyn
    * WOCKHARDT : to raise authorised capital by issuing 1.5bn pref shares @ Rs5/
    share.. separately gets USFDA approval for marketing Nicardipine Hcl
    injectison used in treatment of hypertension
    * BHARTI : to be examined by special auditors for wrongfully availing of Cenvat
    credit and non payment of service tax in Uttar Pradesh circle
    * EXIDE INDUSTRIES : board approves issue of 500bn shares on pvt placement to
    raise RS 5.97bn
    * IOC : looking t invest upto Rs 15bn in nuclear power in a JV with Nuclear
    Power Corp of India

    Corporate News – Industry trends

    * The 71-year-old chairman of Tata Group, which makes nearly
    everything from salt to steel to luxury cars, told the US daily Wall
    Street Journal in an interview that his successor could be an
    expatriate. Tata’s tenure ends in 2012; "We are in the process of
    formalising a successor to me. We have some outside consultants and
    a formal search process is on. There are no constraints," Tata, who has
    steered the group for nearly two decades, said in the interview (BS)

    * The government will lose Rs 750bn if the gas from Reliance
    Industries Ltd D6 Block in the Krishna-Godavari Basin is not sold
    to priority customers like fertiliser and power sectors, additional
    solicitor general Vivek Tankha told the Supreme Court (BS)

    * FMCG MAJOR ITC, the largest player in the domestic cigarette
    market, has increased prices of two of its brands, India Kings and
    Benson & Hedges, by Rs 10 and Rs 5, respectively (BS)

    * Indian Oil Corporation Ltd is looking to invest up to Rs 15bn in its
    maiden nuclear venture in partnership with Nuclear Power Corporation
    of India Ltd (NPCIL) (BL)

    * Four international firms, including a joint venture between Larsen &
    Toubro and Oman’s Galfar Engineering, have bid for the
    construction of a new terminal at Muscat’s airport (BS)

    * Aban Offshore issued 5,697,135 equity shares at aprice of Rs
    1,224.30 per equity share (including a premium of Rs 1,222.30 per
    equity share), aggregating to Rs 6975mn through QIP (BS)

    * Indian drug companies Wockhardt and Sun Pharmaceutical
    Industries have received final approval from the United States Food
    and Drug Administration to market generic versions of Nicardipine, the
    hypertension drug (BS)

    * Reliance Industries Ltd is planning to spend US$3 bn for a new
    petrochemical complex at Jamnagar; The new complex will utilise
    residual gases generated from the two existing refineries, of which one
    is located in a SEZ, to generate further downstream products (BS)

    * Petronet LNG Ltd, is keen to acquire up to 10% stake in ONGC Petroadditions
    Ltd, which is setting up a cracker complex in Gujarat, a
    senior ONGC official said (BS)

    * Wind energy major Suzlon Energy has officially opened Infigen
    Energy’s Capital wind farm, the largest wind farm in Australia at
    Bungendore in New South Wales; The farm will produce 141 Megawatt
    (Mw) of energy, according to a press release (BS)

    * SHAREHOLDERS of Hero Honda Motors, who have received at least
    Rs 177 per share as dividends in the last decade, could look forward
    for another windfall payout soon, as India’s top two-wheeler maker
    ponders appropriate uses for its cash pile amid a dearth of suitable
    deployment options (ET)

    * ONGC, the country’s largest oil and gas producer, is eyeing new
    energy blocks in Ghana, in a bid to expand it presence in the African
    continent. ONGC Videsh (OVL), ONGC’s foreign investment arm, is in
    talks with Ghana’s national oil company to bid for Kosmos Energy’s
    stake in the giant offshore Jubilee field of the region (ET)

    * Exide Industries has decided to raise capital through a QIP to
    primarily fund R&D initiatives and adoption of fresh technologies to
    cope with future challenges. The QIP issue size is unlikely to be below
    Rs 5bn, which will include premium over the face value of Re 1 per
    equity share (ET)

    * JSW Steel may sell minority stake to foreign co for around Rs 20bn;
    Company is in talks with JAPANESE & EUROPEAN FIRMS TO SELL
    AROUND 10% EQUITY (ET)

    * Reliance Communications has entered into a strategic tie-up with
    Atom Technologies, an m-commerce solutions provider from the
    Financial Technologies India Ltd group (BL)

    * BHEL said it has signed a JV pact to build a 1,600 MW thermal power
    plant in Madhya Pradesh (Mint)
    Commodity/Money Market News

    * For the first time in 21 years, the Government is considering
    importing rice; Pointing out that there were certain projections that
    the quantum of the cereal may not be enough due to a shortfall in the
    kharif output, the Finance Minister, Mr Pranab Mukherjee, said: “To
    make it up, we may have to make some imports. But we have not
    decided the exact quantity and the timing.” (BL)

    International trends

    * Construction of new homes in the United States fell sharply last
    month, showing potential weakness in the economy’s recovery, while
    consumer prices rose slightly more than expected. The Commerce
    Department said housing starts dropped 10.6% to a seasonally
    adjusted annual rate of 529,000 units, the lowest level since April and
    the percentage drop was the biggest since January (BS)

    Note: More intra-day opportunities will be provided
    live during the market hours

  2. #2
    priya0710
    priya0710 is offline eTI Iron
    Nifty and sensex opened on a positive note today. Stocks of infratel, itc,bpcl,powergrid did not performed well and were among the market losers yesterday. I believe it is very important to carefully analyze stocks performance before making a choice of trading in it.

+ Post a Comment HERE!

Similar Topics and Discussions

  1. Indian Stock MArket News & Trends
    By insight95in in forum Indian Stock Market Discussion
  2. Indian Stock Market News & Trends
    By insight95in in forum Indian Stock Market Discussion
  3. Indian Stock Market News & Trends
    By insight95in in forum Indian Stock Market Discussion
  4. Latest Indian Stock Market News & Trends
    By insight95in in forum Indian Stock Market Discussion
  5. Latest Indian Stock Market News & Trends
    By insight95in in forum Indian Stock Market Discussion
X
Have Question? Ask now free!