BSE Sensex surges 0.69% as upbeat market on second consecutive day

The BSE 30-share Sensex was up 122.49 points or 0.69% to 17,823.40. The index gained 595.62 points at the day's high of 18,296.53 in mid-afternoon trade. The Sensex rose 17.97 points at the day's low of 17,718.88 in early afternoon trade.

The S&P CNX Nifty was up 29.70 points or 0.56% to 5,333.25.

The BSE Mid-Cap index rose 0.31% and the BSE Small-Cap index gained 0.36%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 4060 crore higher than Rs 3492.49 crore on Friday, 25 February 2011.

Market Breadth:

Positive 1601 Negative 1208 Unchanged 126
From the 30 share Sensex pack, 16 rose and rest fell.

9 percent prediction hard to attain, Economists say

The administration may be bullish concerning economic development in the following fiscal, but prominent economists are not certain as North Block mandarins regarding India’s aptitude to even uphold the current value, given local and international headwinds in front of the nation.

Reliance Industries may purchase 24 percent in IL&FS; for USD 1.2 billion

Reliance Industries may purchase 24 percent in IL&FS for USD 1.2 billion. The Reliance Industries group possessed by billionaire Mukesh Ambani is settling with Japan’s Onix Corporation to purchase its 23.87 venture in Infrastructure Leasing and Finance Company (IL&FS).

Infra India Holdings to purchase 6.35 percent in Aegis Logistics

Aegis Logistics in Mumbai is trading a 6.35 percent venture to Kaup Capital’s Infrastructure India Holdings Fund LLC for Rs 68.27 crore. Aegis is a listed player which gives logistics services in oil, gas and chemical segments in the entire nation.

UPA fell short to provide on many vows in recent budget

When finance minister Pranab Mukherjee reads out his budget speech in a moment, he will guarantee many things. However, perpetually, he will not provide some of them. He would also have got different things incorrect.

Auto shares hold back in front of Budget

Chief automobile stocks were selling lower in front of the finance minister’s Budget speech. Market competitors are likely to have a 2 percent hike in cut out duty and also a supplementary duty on diesel cars.

October-December GDP increases 8.2 percent YoY, administration says

India’s economy increased a slower-than-expected 8.2 percent during the period of December from the previous year, administration file made public on Monday explained.

Areva T&D; India announces dividend at Rs 1.80 per share

Areva T&D India Limited has notified the Exchange that the Board of Directors of the Company at their conference which happened on February 25, 2011 have proposed dividend at the rate of 90 percent (Rs 1.80/- per share) for the year that closed in December 31, 2010, subject to endorsement of the investors.

SRF announces second interim dividend at Rs 7 per share

Srf Limited has notified the Exchange that the Board of Directors of the Company at their conference which happened on February 26, 2011 have announced second interim dividend of 70 percent i.e. Rs 7 per share on the equity capital of the Company.

The United Nilgiri Tea Estates announces interim dividend at Re 1 per share

The United Nilgiri Tea Estates Company Limited has notified the Exchange that the Board of Directors of the Company at their conference which happened on 25th February, 2011 announced an Interim Dividend of Rs 1/- per share (10 percent) for the fiscal year 2010 - 11 and the Log Date for the compensation of Dividend would be 10th March, 2011.

PSU Banks to obtain Rs 6,000 crore capital fund

The administration at the moment told that it will give capital fund at the value of Rs 6,000 crore to public sector banks in the following financial to fortify their capital foundation.

Finance Minister cuts out basic duty on particular agri-machinery to 2.5 percent

In the General Budget 2011-12, the extent of indemnity to develop storeroom and warehouse specialty for agricultural goods has been expanded even more.

Union Budget improved, India Incorporated welcomes Finance Minister

The business at the moment hailed the budget dubbing it as “positive” and “growth-oriented” and some heads were agreeably shocked with the unmoving cut out value in main sectors.

Publish Post

BSE Sensex soars 0.39% as market makes a rebound

The BSE 30-share Sensex was up 68.50 points or 0.39% to 17,700.91. The index gained 180.03 points at the day's high of 17,812.44 in early afternoon trade. The Sensex fell 162.44 points at the day's low of 17,469.97 in mid-afternoon trade, its lowest since 11 February 2011.

The S&P CNX Nifty was up 40.85 points or 0.78% to 5,303.55. The Nifty hit low of 5,232.75 in mid-afternoon trade, its lowest since 11 February 2011.

The BSE Mid-Cap index fell 0.22% and the BSE Small-Cap index declined 0.31%. Both of these indices underperformed the Sensex.

BSE clocked turnover of Rs 3478 crore lower than Rs 3647.61 crore on Thursday, 24 February 2011.

Market Breadth:

Positive 1269 Negative 1601 Unchanged 94
From the 30 share Sensex pack, 17 fell and rest rose.

No arrangements to list Jaguar Land Rover, Tata Motors says

Truck and car manufacturer Tata Motors has no arrangements to list its Jaguar Land Rover unit London, according to the firm, refuting an account that it has set off negotiations with banks.

Stovec Industries announces final dividend at Rs 10.30 per share

Stovec Industries Limited has notified BSE that the Board of Directors of the Firm at its conference which happened on February 24, 2011, inter alia, has proposed the final dividend of Rs 10.30 per share (103 percent) for the fiscal year that closed on December 31, 2010, intended for sanction of the constituents.

Aban Joint Venture in deal for previous redelivery of drillship

Aban Offshore, which supplies offshore services to the oil sector, told on Friday its joint venture, Venture Drilling AS, has approved a deal for previous redelivery of a drillship to its Russian owner.

Assam Company comes into Farmout deal with Sismopetrol and R3 in Colombia

With orientation to the previous declaration which was dated February 24, 2011 concerning “Enters into Farmout Agreement with Sismopetrol and R3 in Colombia,” Assam Company (India) Limited has now BSE that the said declaration has been amended.

Disney buys Indian -origin businessman’s site

Togetherville, a social networking site which is identical to facebook for 6-10 years old developed by Indian-origin tycoon Mandeep Singh Dhillon, has been bought by Walt Disney Company for an unknown price.

Woolite Mercantile purchases 1 lakh share of Prism Medical & Pharmacy

Woolite Mercantile Company Limited has notified BSE that the Firm has purchased 100,000 Equity Shares of Rs 10/- each of M/s. Prism Medical & Pharmacy Private Limited, with an entire investment of Rs 10 Lacs Consequent upon, said acquirement the Prism Medical & Pharmact Private Limited will turn into the subsidiary of the Firm with an equity venture of 90.01 percent.

Aansal Properties, Red Fort Capital in residential township venture expansion

Ansal Properties & Infrastructure Limited has notified BSE that the Firm and Red Fort Capital has approved a deal on February 24, 2011 to create a Joint Venture to carry out expansion of residential township venture in Gurgaon, National Capital Region.

Railway Budget: Mamta Benerjee aims ‘common people’

Railways Minister Mamata Banerjee guaranteed to aid the ‘common people’ as she disclosed her third yearly budget on Friday that vowed to endow Rs 57, 630 crore (USD 12.68 billion) in the network in the fiscal year 2011/12.

Income Tax Department hit Rs 450 crore stipulations on Infosys

The Income Tax Department has hit tax stipulations of more than Rs 450 crore on software giant Infosys Technologies for mistakenly demanding tax exemption on aground services by announcing them as software exports.

Further improvements solution to financial consolidation, Economic Survey says

The Economic Survey for 2010-11 has told that it was significant and crucial to anchor outlays improvements to comprehend the proposed discrepancy height, adding that intensifying improvements was the answer to financial consolidation.

Vesuvius India announces dividend at Rs 4 per share

Vesuvius India Limited has notified BSE that the Board of Directors of the Firm at its conference which happened on February 25, 2011, inter alia, has suggested payment of dividend of Rs 4 per share i.e. 40 percent for the year that closed on December 31, 2010.

Tata Steel approves best deal with SSI for sale of TCP

Tata Steel Limited has notified BSE concerning a Press Release which was dated on February 24, 2011 with the title “Tata Steel signs definitive agreement with SSI sale of TCP.”

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BSE Sensex deeply dips 3% as market in third straight day of loss

The BSE 30-share Sensex was down 545.92 points or 3% to 17,632.41, its lowest closing since 10 February 2011. The Sensex tumbled 618.63 points at the day's low of 17,559.70 in late trade,. The Sensex fell 43.21 points at the day's high of 18,135.12 in early trade.
The S&P CNX Nifty was down 174.55 points or 3.21% to 5262.70 its lowest since 10 February 2011. The Nifty hit low of 5242.50.

The BSE Mid-Cap index was down 2.91% and the BSE Small-Cap index was down 2.77%. Both of these indices outperformed the Sensex.

BSE clocked turnover of Rs 3632 crore higher than Rs 3157.42 crore on Wednesday, 23 February 2011.

Market Breadth:

Positive 604 Negative 2287 Unchanged 76
From the 30 share Sensex pack, 28 fell and rest rose.

Tata’s Krishna Kumar at CBI HQ for 2G investigation

Corporates keep on to be beneath the CBI investigation. Tata Sons’ director Krishna Kumar inquired by the Central Bureau of Investigation in the 2G rip-off on back of accounts that accuse the Tatas funded Unitech’s 2G license.

Catamaran to endow Rs 200 Crore in Manipal Universal

Infosys Technologies chairman N R Narayana Murthy’s Catamaran Venture Fund is arranged to endow Rs 200 crore, or USD 44 million, for a diminutive venture in Manipal Universal Learning.

S&P; amends RIL viewpoint to positive

Standard & Poor’s Ratings Services amended its viewpoint on Reliance Industries (RIL) to positive from constant. At the same time, they assert the ‘BBB’ long term corporate credit rating on RIL as well as the ‘BBB’ issue rating on the firm’s senior unsecured notes.

Dunkin’ Donuts to convene with Jubilant

Dunkin’ Donuts in the US, one of the biggest coffee and baked goods chains, is in business deals to enter India via a franchise agreement with Jubilant Foodworks, according to the latest update on Thursday from the company.

Patni insists expansion of tax benefits under STPI plan

The IT industry has been an engine of development for India and Patni hopes that the administration’s Union Budget for 2011 will aide to keep on its upward development trajectory.

Food price increase mounts exceedingly further of budget

Food inflation speeds up a little in mid February on growing costs of milk and fruits, amid anticipation that the administration may declare new policies to restrain price increase in the budget.

DoT files notice to Idea for Punjab license termination

The Department of Telecom (DoT) has submitted a notice to Idea Cellular for Punjab License Termination and has also sent a demand notice to Spice Communication for Punjab.

Clariant Chemicals announces final dividend at Rs 20 per share

Clariant Chemicals (India) Limited has notified the Exchange that the Board of Directors of the Firm at its conference which happened on February 24, 2011 has proposed for the sanction of constituents a final dividend of Rs 20/- per equity share of the face value of Rs 10/- each.

Claris Lifesciences announces dividend at Rs 2 per share

Claris Lifesciences Limited has notified BSE that the Board of Directors of the Firm at its conference which happened on February 24, 2011.

Strides Arcolab announces dividend at Rs 1.50 per share

Strides Arcolab Limited has notified the Exchange that the Board of Directors of the Firm at its conference which happened on February 24, 2011 has proposed dividend at 15 percent viz., Rs 1.50 per share for the year that closed on December 31, 2010.

KSB Pumps announces dividend at Rs 8 per share

KSB Pumps Limited has notified BSE that the Board of Directors of the Company at its conference which happened on February 24, 2011, inter alia, has proposed Rs 8 per share of Rs 10/- each (80 percent) on 1, 74, 03, 922, equity shares of Rs 10/- each fully paid up as final dividend for the year that closed on December 31, 2010, creating a sum dividend of Rs 10.00 per share of Rs 10/- each (100 percent) (as well as 20 percent interim dividend paid in the year).

Budget expected to provide to populist anxiety regardless shortfall

Prime Minister Manmohan Singh’s tormented administration is expected to heighten expenditures on social programmes in a populist budget on Monday, even as India is endangered with a possible expanding subsidy for food and fuel.

Infra and Real Estate: Will the 2011 Budget provide incentives?

Many years have fast, a rising focus on infrastructure growth of the nation have been seen. For India, as a developing nation, infrastructure plays a crucial role in the economic growth.

Mcleod Russel hopes fresh tea agreement adding USD 8 million to incomes

Mcleod Russel India’s unit approved a deal with Rwanda Development Board and Rwanda Tea Authority to purchase 60 percent in Gisovu Tea Firm.

Prime Minister guarantees to tackle price increase as food costs mount

Prime Minister Manmohan Singh guaranteed on Thursday to manage price increase, a dilemma that has flared up street demonstrations this week and give further anxieties on the administration which is already besieged on corruption rip-offs.

Infrastructure companies sees dividend tax waiver in budget

India’s infrastructure companies are looking forward to the federal budget to provide some sops as well as a waiver off dividend allocation tax, minimum alternate tax (MAT) and an extension of a tax holiday for the sector.

Latest deals added 2.2 lakh aptitudes, Confidence Petroleum says

Confidence Petroleum has obtained an LPG bottling deal from Hindustan Petroleum. Chairman and Managing Director Nitin Khara of Confidence Petroleum has told that the firm has added 2.2 lakh aptitudes from the latest deals.

Jolly Board to mull over 2nd interim dividend

Jolly Board Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on March 03, 2011, to mull over announcement of 2nd interim dividend.

BSE Sensex slumps 0.64% as market still on downturn

The BSE 30-share Sensex was down 117.83 points or 0.64% to 18,178.33. The index rose 81.32 points at the day's high of 18,377.48 in mid-afternoon trade. The Sensex fell 146.15 points at the day's low of 18,150.01 in late trade.

The S&P CNX Nifty was down 31.85 points or 0.58% to 5,437.35.

BSE clocked turnover of Rs 3125 crore, lower than Rs 3276.23 crore on Tuesday, 22 February 2011.

The BSE Mid-Cap index underperformed the Sensex, falling 0.67%. The BSE Small-Cap index outperformed the Sensex, falling 0.31%.

The BSE Oil & Gas index (up 0.53%), Auto index (up 0.47%), Power index (down 0.04%), Metal index (down 0.29%), Capital goods index (down 0.43%) and FMCG index (down 0.45%), outperformed the Sensex.

Bankex index (down 1.75%), IT index (down 1.5%), Realty index (down 1.27%), TECk index (down 1.27%), Consumer Durables index (down 1.25%), Healthcare index (down 1.05%) and PSU index (down 0.69%) underperformed the Sensex.

Market Breadth:

Positive 1215 Negative 1638 Unchanged 115
From the 30 share Sensex pack, 19 fell and rest rose.

Zen Mobile focuses on doubling marketshare returns by end 0f 2011

A fresh candidate in India’s muddled mobile market, Zen mobile, focuses to doubling its market share and returns by the end of this year on the back of fresh product launches and customer-base development, according to a prominent company representative.

Anil Ambani convenes Maharashtra CM

Anil Ambani convened Maharashtra Chief Minister Prithviraj Chavan in the setting of accounts that the Maharashtra State Road Development Corporation (MSRDC) was considering a coastal road from Worli to Haji Ali and from Haji Ali to Nariman Point.

Aviva India needs tax enticements for lasting savings

Budget 2010-11 is already near. During the previous year’s budget declaration, some important amendments were created on the taxation of insurance and savings instrument.

2011 Budget: What are CEOs expecting ahead?

As the date for the Union Budget becomes nearer, the spotlight is now on the Finance Minister to act on different economic issues infecting the country. A broad range of concerns from lofty food costs, to the increasing financial deficit are likely to be tackled this time around.

Man Infraconstruction approves MoU with STFA

Man Infraconstruction Limited has notified BSE regarding a Press Release which was dated on February 23, 2011 with the title “Man Infraconstruction Limited has signed MoU with STFA”

ACIL Cotton Industries endorses bonus share in ratio 1:1

ACIL cotton industries limited has notified BSE that the Board of Directors of the Firm at its conference which happened on February 23, 2011, inter alia, has chose to file of Bonus shares in ratio of 1 Equity Share for every 1 Equity Share held by the constituent.

Gammon India obtains purchase costing Rs 1947 crore

Gammon India Limited has notified BSE that Gammon-OJSC Mosmetrostroy has been granted important deals of Design and construction of underground stations and linked tunnels for Chennai Metro Rail Limited (CMRL) costing to Rs 1947 crores.

Sanwaria Agro Oils to mull over bonus issue

Sanwaria Agro Oils Limited has notified BSE that a conference of the Board Directors of the Firm will happen on March 03, 2011, to mull over issue of bonus shares.

Madhucon Projects obtains purchase costing Rs 1200 crore

Madhucon Projects Limited has notified BSE concerning a Press Release with the title “Madhucon” Projects Limited obtains 84 KMs of NHAI Annuity Project of around Rs 1200 crores in West Bengal”

Alfa Laval (India) announces dividend at Rs 30 per share

Alfa Laval (India) Limited has notified the Exchange that the Board of Directors of the Firm at its conference which happened on February 23, 2011 have proposed a dividend of Rs 30/- per share which will soak up Rs 635.30 M asa well as tax thereon.

RBI discharges draft norms on CDS in corporate ties

The Reserve Bank of India on Wednesday discharges draft policies on the opening of credit default swaps (CDS) for corporate ties. The policies told that CDS shall not be written on securities with development of up to one ywar like certificates of deposits, commercial papers, etc.

Citigroup is expected to increase international IT budgets for ‘12

Citigroup is looking to compress its fresh budget for Fiscal Year 2012 almost immediately. The firm may increase its global IT budgets for the following fiscal year to USD 1.6 billion. Citigroup’s latest budget includes special provisions for different services.

Increased I-T indemnity boundary to Rs 2 lakh, Yashwant Sinha says

Standing Committee on Finance Chairman Yashwant Sinha at the moment proposed increasing the income tax indemnity boundary from Rs 1.6 lakh to Rs 2 lakh in the Budget it seems that it gives relief to ordinary people rolling beneath the effect of lofty price increase.

Venture in infra has improved GDP development

The administration today has told that improved venture in the infrastructure sector has urged the GDP development rate of the nation and different commissions have been arranged to improve more the expenses on these actions.

Survey is expected to hook Fiscal Year 2012 GDP increase at 9 percent

The strong outcome of the India economy in the partial fiscal is expected to quicken the administration to hook GDP increase in the 2011-12 financial at 9 percent, and take out incentive measures in the approaching Budget.

SBI sees joint venture of 5 associate banks in the following 12-18 months

Nation’s largest lender State Bank of India (SBI) plans consolidation of remaining five associate banks with itself in the following 12-18 months.

BSE Sensex slides 0.77% as capital goods, auto spearhead market downfall

The BSE 30-share Sensex fell 142.15 points or 0.77% to 18,296.16. The index rose 19.59 points at the day's high of 18,457.90 in mid-morning trade. The Sensex fell 250.98 points at the day's low of 18,187.33 in late trade.

The S&P CNX Nifty fell 49.40 points or 0.9% to 5,469.20. The Nifty hit high of 5,519.45 in intraday trade.

The BSE Mid-Cap index underperformed the Sensex, falling 0.85%. The BSE Small-Cap index outperformed the Sensex, falling 0.73%.

The BSE Oil & Gas index (up 1.26%), Consumer Durables index (up 1.21%), IT index (down 0.53%), TECk index (down 0.57%), Realty index (down 0.64%) and FMCG index (down 0.70%), outperformed the Sensex.

The BSE Healthcare index (down 0.85%), Power index (down 0.91%), Metal index (down 1.16%), PSU index (down 1.24%), Bankex index (down 1.85%), Auto index (down 1.93%) and Capital goods index (down 2.12%), underperformed the Sensex.

BSE clocked turnover of Rs 3160 crore, higher than Rs 2776.50 crore on Monday, 21 February 2011.

Market Breadth:

Positive 1125 Negative 1713 Unchanged 101
From the 30 share Sensex pack, 25 fell and rest rose.

Anand Mahindra proposes to step down from NACIL panel

Mahindra & Mahindra Vice-Chairman Anand Mahindra proposed to step down from the board of NACIL that operates national carrier Air India, quoting conflict of interest.

RBS increases Reliance Industries share target

British bank RBS has told that the aim cost on Reliance Industries to Rs 966 from 900, based on the higher rate of the Indian energy major’s exploration and production assets after an agreement with BP.

Post-Paras sale, owner Girish Patel aims over health care

Life has turns out to be busier for the advertiser of Paras Pharma, Girish Patel in Ahmedabad after the current purchase of the firm by Reckitt Benckiser, amedium-size British consumer-goods company worth a sturdy portfolio of products like Dettol and Harpic.

CLSA improves Reliance to purchase after BP transaction

Brokerage CLSA advances its rating on Reliance Industries to purchase from ‘outperform’ late on Monday. BP concurred to endow USD 7.2 billion in the Indian company to probe for deepwater oil and gas.

Reliance Communication focuses to open 3G in all 13 circles by fiscal-end

Reliance Communication is ready to open its 3G services in Kashmir today. The Indian telecom prominent has already opened its 3G services in 20 cities in Punjab. Accounts also recommend that before long 8 cities in Himachal Pradesh and 12 cities in Rajasthan would be seen Reliance 3G services opened by the end of February.

Not feasible for administration to buy, operate vegetables, Pawar says

Emphasizing that price increase of various vegetables such as onion in the previous month was “temporary”, the administration at the moment ruled out any probability of buying and supervising perishable produce straight form farmers aligned with various goods such as wheat and rice.

RIL-BP Joint Venture confirms oil & gas reserves in India, Administration says

Oil Secretary S Sundereshan has told that he welcomes Reliance Industries’ joint venture with British Petroleum as the transaction confirms India’s oil & gas reserves. He as well articulates his acknowledgement on the sole biggest foreign direct investment (FDI) entering the oil sector through this project.

SEBI commends Rs 800 crore rights issue of SBBJ

Market watchdog SEBI has been commended for State Bank of Bikaner and Jaipur (SBBJ), the biggest associate bank of SBI to collect up to Rs 800 crore via a right issue. The Securities and Exchange Board of India (SEBI) data has told that SBBJ issued its request with the regulator on December 15, 2010.

Further inflationary anxiety to keep on in developing economy, Finance Minister says

Upholding that “some inflationary pressure” will keep on in a developing nation, according to Finance Minister Pranab Mukherjee at the moment insisted the country to solidify PDS to allow the administration to protect the underprivileged from the unpleasant effect of price increase.

Cost firmness on schema, will take further measures, Administration says

The administration has told at the moment that lofty food price increase is unfavourably moving the ordinary people and it proposes to make use of different measures to embark upon the condition, as well as plans that will assist opening up farmers’ mandis and mobile bazaars.

Rolls-Royce to develop allocation network in India

Super-luxury car-manufacturer Rolls-Royce Motor Cars at the moment told that it will be intensifying its network to tap the chances here; it’s the second quickest market in Asia.

Administration should look on provisions of EOUs, Lupin says

Drug company Lupin is positive concerning its fine performance in the following fiscal, according to S Ramesh, chief financial officer of the firm. Lupin focuses to keep up 20 percent increase in the following year as well.

Ranbaxy Laboratories announces dividend at Rs 2 per shares

Ranbaxy Laboratories Limited has notified BSE that the Board of Directors of the Firm at its conference which happened on February 22, 2011, inter alia, has proposed dividend of Rs 2 per equity share for the year that closed on December 31, 2010.

Allahabad Bank amends BPLR to 13.75 percent from 13.50 percent

Allahabad Bank has notified the Exchange that the Bank has chose to augment its Benchmark Prime Lending Rate (BPLR) from existing 13.50 percent to 13.75 percent with effect from February 24, 2011.

BSE Sensex surges 1.25% on upbeat trading day

The BSE 30-share Sensex rose 226.79 points or 1.25% at 18,438.31. The index jumped 245.97 points at the day's high of 18,457.49 in late trade. The Sensex fell 128.86 points at the day's low of 18,082.66 in mid-afternoon trade.

The S&P CNX Nifty rose 59.65 points or 1.09% to 5,518.60.

The BSE Mid-Cap index fell 0.04% and the BSE Small-Cap index fell 0.09%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 2762 crore, lower than Rs 3723.62 crore on Friday, 18 February 2011.

The IT index (up 2.76%), TECk index (up 2.11%), Consumer Durables index (up 1.97%), Oil & Gas index (up 1.81%), Metal index (up 1.31%), outperformed the Sensex. The Bankex index (up 0.99%), FMCG index (up 0.95%), Realty index (up 0.61%), PSU index (up 0.60%), Capital Goods index (up 0.57%), Healthcare index (up 0.51%), Power index (up 0.30%), Auto index (down 1.18%), underperformed the Sensex.

Market Breadth:

Positive 1395 Negative 1465 Unchanged 112
From the 30 share Sensex pack, 20 rose and rest fell.

Marks & Spencer Reliance creates 2 senior meetings

Marks & Spencer Reliance India Private Limited, a partnership enterprise between UK’s prominent retailer Marks & Spencer and India’s Reliance Retail, at the moment declared two senior meetings.

Max India investors’ verifies Rs 750 crore endowments

Max India at the moment has told that its investors have commended an endowment of equal to Rs 750 crore in Max Healthcare Institute, one of the branched out group’s arms.

Sugar production up by more than 16 percent at 13.4 million tonne till Feb

The nation’s sugar production increased by more than 16 percent to 13.4 milliontonnes in the first four-and half months of the 2010-11 crop year, versus 11.5 million tonnes in the past year quarter.

PGCIL executives convene Nigerian Power Minister

Power Grid Corporation of India executives have convened with Nigerian Minister of State Power Nuhu Wya to bolster their case for presumptuous management control of Transmission Firm of Nigeria following an appearance as the smallest bidder for the role in a 2007 public sale.

Reddy confirms meeting of Butola as IOC chairman

Ending weeks of indecision, Oil Minister S Jaipal Reddy has confirmed the appointment of ONGC Videsh Limited Managing Director Ranbir Singh Butola as the Chairman of Indian Oil Corp (IOC).

Punj Lloyd purchases order costing Rs 735 crore

Punj Lloyd Limited has notified BSE concerning a Press Release title “Punj Lloyd clinches a Rs. 735 crore BOT Annuity Project from NHAI.”

State B Bikaner amends rate of interest to 8.75 percent from 8.50 percent

State Bank of Bikaner and Jaipur has notified the Exchange that the rate of Interest on Domestic Term Deposit has been amended w.e.f. February 21, 2011. The Bank has filed to Exchange the amended rate of interest.

RBNL’s 92.7 BIG FM signs strategic marketing and marketing coalition with Bhutan’s HIGH FM

Reliance Broadcast Network Limited has notified BSE concerning a Press Release with the title “RBNL’s 92.7 BIG FM inks strategic sales and marketing alliance with Bhutan’s HIGH FM.”

Allied Digital Services commends buy-back of 20 lakh share

Allied Digital Services Limited has filed to BSE a copy of the Board Resolution commending Buy-Back equal to a limit of 20 lakhs Equity Shares at a Maximum Price of Rs. 140/- per equity share via Stock Exchange course as per the SEBI Regulations.

Goodyear India announces dividend at Rs 7 per share

Goodyear India Limited has notified BSE that the Board of Directors of the Firm at its conference which happened on February 21, 2011, inter alia, suggested a dividend at Rs 7/- per equity share for the year that closed on December 31, 2010.

JMD Telefilms to come into mobile handset & devices industry

JMD Telefilms Industries Limited has notified BSE that the Board of Directors of the Firm at its conference which happened on February 21, 2011 chose to come into Mobile headset & devices industry.

SBI turns into party shareholder to CDP

Nation’s largest lender, State Bank of India, at the moment told that it has turn into a party shareholder to the Carbon Disclosure Project (CDP), a global initiative for sustainable development.

Tuni Textile Mills commends stocks split for Rs 10 to Rs 1

Tuni Textile Limited has notified BSE that the Board of Directors of the Firm at its conference that happened on February 21, 2011, have mull over the decision matter to the commandment of Investors by way of Postal Ballot Rules, 2001.

Fulford India announces dividend at Rs 4.50 per share

Fulford India Limited has notified BSE that the Board of Directors of the Firm at its conference which happened on February 21, 2011, inter alia, has suggested a dividend of Rs 4.50/- per share on equity share of Rs 10/-each for the year ended December 31, 2010.

India must be rigid with monetary, fiscal guidelines, Adviser says

India must have rigid monetary and fiscal guidelines to cope with high price increase, the Prime Minister’s prominent economic adviser has told on Monday, advising the nation’s funded fiscal and revenue deficits to keep on further than their comfort zone.

Administration may free diesel costs when inflation alleviates to 6 percent

The administration could free diesel costs once banner inflation alleviates to 6 percent, C Rangarajan, the prime minister’s prominent adviser has told on Monday.

Naspers wing purchases majority venture in auto portal company Gaadi

MIH Group, a subsidiary of the South African media group Naspers, gas purchased a majority venture in Gaadi Web Private Limited which operates the auto classifieds site Gaadi.com. the agreement and terms were not released by the firm.

British Petroleum to occupy 30 percent venture in 23 oil & gas blocks of RIL

British Petroleum is ready to occupy 30 percent venture in 23 oil and gas block of Reliance Industries Limited. The agreement would carry Reliance Industries a combination of USD 7.2 billion.

BSE Sensex slips 1.6% on market luckluster performance

The BSE 30-share Sensex was down 295.30 points or 1.6% to 18,211.52. The index rose 184.15 points at the day's high of 18,690.97 in morning trade, its highest level since 28 January 2011.

The Sensex fell 347 points at the day's low of 18,159.82 in late trade.

The S&P CNX Nifty was down 87.50 points or 1.58% to 5,458.95. The Nifty hit high of 5,599.25 in early trade, its highest level since 28 January 2011.

The BSE Mid-Cap index fell 1.98% and the BSE Small-Cap index fell 2.35%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 3710 crore higher than Rs 3314.22 core on Thursday, 17 February 2011.

Market Breadth:

Positive 776 Negative 2140 Unchanged 64
From the 30 share Sensex pack, 25 fell and rest rose.

Administration to set up GST bill in February parliament session

The administration will set up a legislation on goods and service tax (GST) in the parliament session starting February 21, the minister of parliamentary affairs told on Friday.

Administration near to launching up FDI in retail sector, according to Trade Ministry

Trade and Industry Minister Anand Sharma has told on Friday that conference will launch the nation’s multi-brand retail sector to foreign shareholders were at a higher level, except he did not provide a deadline.

Cabinet to occupy Cair-Vedanta issue in 3 weeks, Oil Minister says

Cabinet will make a verdict fast on Cairn Energy’s deal to trade Indian assets to Vedanta Resources Oil, according to Minister S Jaipal Reddy on Friday.

To instil Rs 400 crore through internal accruals, Techno electric

Techno electric & Engineering to collect fund for a 200 megawatt wind power venture, to be arrange in two phases. Managing Director of Techno Electric Padam Prakash Gupta shares that the initial phases of the venture is to be funded by IFC Washington, Standard Chartered and DBS.

Toll Hike to be amid 10-22 percent following a conference, Noida Toll says

DND Flyway, a five-star expressway linking Delhi to Noida, rolled back the toll hike following BJP led protestors obstructed the DND toll-way. Twenty-five percent in private car toll costs was reserved.

Malaysia, India sign agreement to improve trade

Malaysia and India approved a free trade pact on Friday to aid solidify economic bonds and double bilateral trade to USD 15 million by 2015.

At&T; in discussion with Qualcomm for license to 4G

Global telecom colossus At&T is in discussions with chip manufacturer Qualcom for a probable joint venture in India, according DNA. Qualcom preserves the license and spectrum to provide fourth generation or 4G wireless broadband services in four telecom circles in India.

RIM tells not to harass on India security demands

Research in Motion (RIM) has told on Friday that the Indian administration has guaranteed the Canadian smartphone manufacturer that it would not be harassed when it came to safety measure concerns for encrypted emails.

January consumer cost increase to 6 percent in new index

India’s January consumer price index augmented a yearly 6 percent under a new measure rolled out on Friday to improve reflect inflation, at a time when the administration is linked in a heated battle over towering rates.

INEOS ABS announces dividend at Rs 4 per share

INEOS ABS (India) Limited has notified BSE that the Board of Directors of the firm at its conference which happened on February 17, 2011, inter alia, has proposed dividend at 40 percent (Rs. 4.00/ per share) for the year 2010 for investors consent at the resulting AGM.

IRB Infrastructure unit receives financial closure for venture

Toll road developer IRB Infrastructure has told on Friday that its unit has attained financial closure after it had merged Rs 8.31 billion debts for an Rs 11.42 billion venture.

Pratibha Inustries obtains purchase worth Rs 57 crore

Patibha Industries Limited has notified BSE that Pratibha Industries Limited secures a bond for development of educational establishment for Taleem Research Foundation.

BSE Sensex surges 1.13% as every sector in upturn

The BSE 30-share Sensex rose 205.92 points or 1.13% to 18,506.82, its highest closing level since 27 January 2011. The index rose 231.71 points at the day's high of 18,532.61 in late trade. The Sensex lost 67.11 points at the day's low of 18,233.79 in morning trade.

The S&P CNX Nifty rose 64.75 points or 1.18% to 5,546.45, its highest closing level since 27 January 2011. The Nifty hit high of 5,553 in late trade.

Most sectoral indices on BSE rose. Capital Goods index (up 1.93%) and Bankex index (up 1.50%), outperformed the Sensex. Auto index (up 1%), FMCG index (up 0.80%), Teck index (up 0.74%), Consumer Durables index (up 0.71%), Metal index (up 0.70%), Power index (up 0.45%), Oil & Gas index (up 0.45%), PSU index (up 0.37%), IT index (up 0.33%), Healthcare index (up 0.32%) and Realty index (down 0.89%), underperformed the Sensex.

The BSE Mid-Cap index rose 0.91% and the BSE Small-Cap index rose 0.94%. Both these indices underperfomed the Sensex.

BSE clocked turnover of Rs 3302 crore higher than Rs 3094.03 crore on Wednesday, 16 February 2011.

Market Breadth:

Positive 1681 Negative 1126 Unchanged 179
From the 30 share Sensex pack, 19 rose and rest fell.

RBI increases minimum capital ratio for NBFCs

The Reserve Bank of India (RBI) has told on Thursday that all deposit taking non-banking financial companies (NBFCs) should preserve capital ratio which is made up of Tier I and Tier II capital of 15 percent from March 31, 2011.

Plunging trend in food price increase to keep on, Montek says

With food price increase fairing for two consecutive weeks, Planning Commission Deputy Chairman Montek Singh Ahluwlia at the moment predicts furtherance of the plunging trend

AAI to collect Rs 300 crore to innovate airports

In dismal necessity of funds to support development of some airports, the Airports Authority of India (AAI) has attracted offers to collect funds at about Rs 300 crore from the bond market to reach its capital disbursement requests.

Commerce Ministry proposes combo tax for Fiscal Year 2012

The Commerce Ministry has appealed the Finance Ministry to merge and compress service tax and central excise in Fiscal Year 2012. In addition, it has told that the Finance Ministry should not linger for states to concur on goods and services tax.

Fag Bearings India announces dividend at Rs 5 per share

Fag Bearings India Limited has notified the Exchange that the Board of Directors of Firm in its conference which happened on February 17, 2011 has proposed a dividend for the year which closed on December 31, 201 at the rate of Rs 5.00 (2009-Rs 4.50) per equity share.

De Nora India announces dividend at Rs 5 per share

De Nora India Limited has notified the Exchange that the Board of Directors of the Firm at its conference which happened on February 17, 2011 had chosen to recommend a dividend of Rs 5.00 equity share for the year which closed on December 31, 2010.

GVK in sophisticated discussions for Hancock coal mine

GVK Power and Infrastructure is in sophisticated discussions to purchase coal mine run by Australia’s Hancock Prospecting three sources with direct knowledge, according to reports on Thursday.

GoM conference on coal blocks indecisive

The Group of Ministers (GoM), led by Finance Minister Pranab Mukherjee, convened today to work out a resolution to the multifaceted issue of ‘go’ and ‘no-go’ areas in coal blocks.

Divestment not an alternative with Air India, Aviation Minister says

Aviation Minister Vayalar Ravi on Thursday implied at a prominent management rejig at Air India. On Day 2 of his trip to Mumbai, the aviation minister convened 14 unions on Thursday. Basically, the matter of lack of coordination and cooperation amidst the management and the union was spotlighted in the conferences and he did bring up that the entire endeavours will be at the moment put to be certain that there is an improved dexterity.

BanyanTree endows in Dee Development Engineers

Private equity company BanyanTree Growth Capital LLC has endowed an unknown amount in pre-fabricated piping systems provider Dee Development Engineers Limited in Faridabad. Dee Development offers services mostly to the oil & gas, power sector & process industry.

Edelweiss ARC Fund created 1st close at Rs 75 crore

Edelweiss Altenate Asset Advisors, the substitute asset wing of Edelweiss Capital, has created an initial close of its Asset Re-Construction (ARC) fund at Rs 75 crore. The fund will be utilized to purchase non-performing and toxic assets of banks.

Administration lifts onion export prohibition, arranges floor price

India has lifted a prohibition on onion trades that had peeved farmers, according to the administration sources on Thursday. It was reported two months ago that towering outlay will halt, although the market has since plunged sharply on new arrivals.

Opto Circuits subsidiary altered name to Opto Eurocor Healthcare

Opto Circuits (India) Limited has notified the Exchange that Firm’s entire possessed subsidiary i.e. Altron Industries Private Limited’s name has altered to OPTO EUROCOR HEALTHCARE PRIVATE LIMITED. The firm has conformed will all legal and statutory official procedures.

Dhanus Technologies to mull over allocation of warrants

Dhanus Technologies Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on February 21, 2011, inter alia, to mull over the allocation of Warrants to different Allottees from whom candid claim money has been collected.

Aventis Pharma; May 02, 2011 log date for compensation of interim dividend

Aventis Pharma Limited has notified the Exchange that the date from which dividend is allocated is on May 02, 2011, if announced at the Annual General Meeting which will happen on April 26, 2011.

Infosys Technologies spread out operations in Thiruvananthapuram

Infosys Technologies Limited has nitified BSE concerning a Press Release which was dated February 17, 2011 with the title “Infosys Technologies Expands Operations in Thiruvananthapuram; Inaugurates first Software Development Block (I) at Technopark Campus II (SEZ) with a Total Investment of Rs. 180 crore.”

Precision Pipes and Profiles: March 10, 2011 log date for compensation of interim dividend

Precision Pipes and Profiles Company Limited has notified BSE that dividend permits in respect of 20 percent (i.e. Rs 2 per share) interim dividend announced by the Firm for the fiscal year 2010-11 are programmed to be send off to all the allowed members by March 10, 2011 (i.e. within 30 days of announcement of dividend).

Pipavav Shipyard approves MOU with Northrop Grumman Overseas Service Corporation

Pipav Shipyard Limited has notified the Exchange vide its letter which was dated February 17, 2011 that “MoU signed with Northrop Grumman Overseas Service Corporation Delaware, USA”.

Cocoberry aims major expansion, targets listing on borses

Cocoberry, a chain of premium frozen yogurt, has aimed major expansion on the next couple of years while also targeting to obtain shares listed on a stock exchange, according to the firm at the moment.

HDFC Relaty Fund gets out of Bangalore mall venture

Bennett, Coleman & Co., publisher of the Times of India and Economic Times, aims to award stock options to workers for the first time in preparation for a probable initial public offering in India in the following two years.

Australian Minister inquires administration to evaluate policy on uranium sale to India

Australian Federal Resource Minister Martin has inquired his Labor administration to develop its policy and lift the prohibition on sale of uranium to India as it ought to have special consideration.

Syndicate, Andhra Bank to mull over preferential allocation

Syndicate Bank has told on Tuesday that its panel will convene on February 19 to mull over share allocation to the federal administration on a preferential basis.

Stertile Industries declares completion of acquirement of Lisheen Mine

Sterlite Industries (India) Limited has notified BSE regarding a Press Release which was dated in February 15, 2011 with the title “Sterlite Industries (India) Limited announces Completion of Acquisition of Lisheen Mine Ireland”

Hexaware Tech proposes final dividend of Rs 1.40 per share

Hexaware Technologies has notified the Exchange that the Board of Directors of the firm at its conference which happened on February 16, 2011 have offered final dividend of Rs 1.40 per share (70 percent), total dividend for 2010 of Rs 3.00 per share (150 percent) versus (Rs 1.40 per share (70 percent) for 2009.

BSE Sensex rises 0.15% as market remains strong

The BSE 30-share Sensex was up 27.10 points or 0.15% to 18,300.90. The index rose 85.04 points at the day's high of 18,358.84 in late trade. The Sensex lost 57.68 points at the day's low of 18,216.12 in early afternoon trade.

The S&P CNX Nifty was up 0.70 points or 0.01% to 5481.70. The Nifty hit a high of 5,504.80 in intraday trade

The BSE Mid-Cap index rose 0.53% and the BSE Small-Cap index gained 1.01%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 3070 crore, lower than Rs 3791.96 crore on Tuesday, 15 February 2011.

Market Breadth:

Positive 1745 Negative 1130 Unchanged 87
From the 30 share Sensex pack, 16 fell and rest rose.

Must make flattering environment to attract FDI, PM says

In the backdrop of demands for launching multi-brand retail for FDI and liberalising the administrations for other divisions such as defence. According to Prime Minister Manmohan singh there was a necessity for a favourable environment for fund to come in from overseas.

India, Malaysia to approve bilateral trade agreement on Friday

India and Malaysia are arranging to approve bilateral trade agreements with the sanctioning of a land mark treaty for fast developing economic cooperation between the two country on Friday.

Japan, India approves free trade agreement

Japan and India approves a free trade agreement on Wednesday under which the hi-tech country and the South Asian colossus vowed to scrap tariffs on 94 percent of goods within a decade.

Kerala to be trade capital of ornamental fishes, Minister says

Kerala would turn into the trade capital of ornamental fishes in the nation within five years, according to Minister for Fisheries and Registration S Sharma after the Assembly’s current sanction to arrange in the US a branch of a firm created by the administration to give the venture holders a chance for endowment and sale in the area.

Kaltura collects USD 20 million in Nexus-led round

Online video platform contractor Kaltura, Inc. declared it has locked USD 20 million in a round headed by Nexus Venture Partners. Nexus is a fresh shareholder and the round also witnessed Intel Capital and existing shareholder .406 Ventures, Avalon Ventures, and technology lender Silicon Valley Bank participating.

Bharti Airtell keeps on finding a way to delist Zambia unit

Bharti Airtel still aims to delist its Zambian unit even after the local bourse rebuffed the primary offering, according to the firm on Wednesday.

Guggenheim associates obtains 46 percent in AIM-listed infra India

AIM-listed investment firm Infrastructure India plc, that change out of the major market at London stock Exchange last year, is collecting USD 53 million and has also hit an agreement to get hold of huge ventures in two Guggenheim Partners-backed Indian companies that will provide the management company in US as much as 45.59 percent.

Jain Irrigation launches a micro-irrigation unit in Bhavnagar

Jain Irrigation Systems Limited has notified BSE concerning a Press Release which was dated on February 16, 2011 with the title “Jain Irrigation inaugurates a micro-irrigation unit in Bhavnagar, Gujarat.”

Koutons Retail assigns SBI Cap to draft debt recast scheme

Apparel retailer Koutons Retail India on Wednesday has told that it has assigned SBI Capital Markets to draft a debt recast arrangement as it was not capable to pay off short-term debt.

No backroom discussions on Antrix-Devas agreement

Prime Minister Manmonah Singh at the moment sturdily rebuffed any proposals that his office kept on discussions with Devas on its divisive transaction with Antrix for lease of S-band spectrum following the Space Commission chose to wisp it.

Anil Ambani at CBI HQ for 2G investigation

Following the Supreme Court ordered the Central Bureau of Investigation (CBI) to go after recipients of the 2g rip-off, Ani Ambani (who manages India’s second biggest mobile phone service provider Reliance Communication) was witnessed at the CBI headquarters in New Delhi.

Tata Communications completes acquirements of BitGravity in the US

Tata Communications, at the moment had said that is has finished the acquirement of a content delivery network (CDN) contractor in the US, Bit Gravity.

Administration to compensate up to half of fuel subsidy

The administration will now compensate up to half of the subsidy for the government owned oil firms to sell fuels such as kerosene at a low rate, according to oil minister S Jaippal Reddy on Tuesday.

2g controversy: CBI to interrogate DB’s Goenka; Unitech MD in for investigation

The investigation inside the 26 rip-off is gathering heat. The Central Bureau of Investigation has now pointed its scanner on Vinod Goenka, Chairman of DB Relaty.

TCS aims USD 1 billion in 5 years from SMB platform

Software major TCS has opened its integrated IT solutions in cloud for small and medium industries of SMBs. The new vertical will aim retail, production and education areas. It will allow SMBs to decrease their rate by 30-40 percent.

Lakshmi energy announces a final dividend of Rs 0.20 per share

Lakshmi Energy And Food s Limited has notified the Exchange that the Board of Directors of the Firm at their conference which happened on February 14, 2011 has suggested a final dividend of Rs 0.20 per share (10 percent) for the fiscal year 2009-10 on the average rate of Rs. 2/per share, subject to the sanction of investors at Annual Genera Meeting.

GEI Industrial secures four purchases costing Rs 60 crore

GEI Industrial Systems Limited has notified BSE that the Firm secures four purchases costing Rs 60 crores for providing Air Cooled Vacuum Steam Condensers from three Indian firms- Ultratech Cements, Sravanthi Infratech and Wonder Cement.

GCV Services sets stock split from Rs 10 to Rs 5

GCV Services Limited has notified BSE that the Board of Directors of the Firm has set a Record Date of February 24, 2011 for reason of sub-division/stock split of 1 (One) Equity Share of Rs 10/- each of the Firm into 2 (Two) Equity Stores of Rs/ 5/- each.

Natco Pharma declares net profit

Natco Pharma has accounted a net profit of Rs 12.4 crore for the period ended December 2010 versus Rs 12.9 crore in identical period last year. The firm’s net sales grew at Rs 79.7 crore from Rs 75.9 crore.

On course to log 10-15 percent Fiscal Year 2011 income increase, Sunil Hi-tech says

The first half of Fiscal Year 2011 was cruel to Sunil Hi-Tech Engineers, except their third period saw a very fine arrangement of digits. They have witnessed a 30 percent increase of their sales performance.

Cairn-Vedanta agreement in cabinet in 2-3 weeks

A string over a suggested oil assets agreement between Cairn India and Vedanta Rsources could go to the cabinet for authorization in two to three weeks, Indian Oil Minister S Jaipal Reddy told on Tuesday.

26 percent FDI cap in FM radio is just emblematic, ENIL says

The administration has told that it will augment the foreign investment cap in FM radio company from the recent 20 percent to 26 percent. The administration has also told that it will operate with the finance ministry for inducements to TV distribution firms.

HCL launches Global Enterprise Mobility lab in Singapore

HCL Technologies Limited, a prominent global IT contractor, at the moment disclosed its Global Enterprise Mobility laboratory in Singapore. The laboratory, which would organize HCL’s global probe and innovation attempts towards enterprise mobile solutions, was launched by HCL Vice-chairman and CEO, Vineet Nayar, according to the firm.

XL Energy obtains EPC deal for Solar Power Facility in India

XL Energy Limited has notified BSE concerning a Press Release with the title “XL Energy Bags EPC Contract for Solar Power Plant in India.”

BSE Sensex advances 0.39% as oil & gas, banking lead market rally

The BSE 30-share Sensex was up 71.60 points or 0.39% to 18,273.80, its highest level since 3 February 2011. The index rose 159.46 points at the day's high of 18,361.66 in mid-afternoon trade. The Sensex lost 151.72 points at the day's low of 18,050.48 in mid-morning trade.

The S&P CNX Nifty was up 25 points or 0.46% to 5,481, its highest level since 3 February 2011. The Nifty hit a high of 5,506.50 in mid-afternoon trade.

The BSE Mid-Cap index fell 0.07% and underperformed the Sensex. The BSE Small-Cap index gained 0.59% and outperformed the Sensex.

Sectoral indices on BSE were mixed. The BSE Oil & Gas index (up 1.85%), banking sector index Bankex (up 1.53%), PSU index (up 1.1%), and Auto index (up 0.71%), outperformed the Sensex. The BSE Power index (up 0.14%), Consumer Durables index (up 0.13%), FMCG index (down 0.29%), Metal index (down 0.36%), Healthcare index (down 0.39%), IT index (down 0.4%), Realty index (down 1.33%) and Capital Goods index (down 1.75%), underperformed the Sensex.

BSE clocked turnover of Rs 3755 crore, higher than Rs 3466.36 crore on Monday, 14 February 2011.

Market Breadth:

Positive 1585 Negative 1305 Unchanged 96
From the 30 share Sensex pack, 16 rose and rest fell.

BSE Sensex on 2.67% high marking strong market performance

The BSE 30-share Sensex was up 473.59 points or 2.67% to 18,202.20. The index gained 499.01 points at the day's high of 18227.62 in late trade. The Sensex rose 128.51 points at the day's low of 17857.12 in early trade.

The S&P CNX Nifty gained 146 points or 2.75% to 5,456.

The BSE Mid-Cap index rose 3.52% and the BSE Small-Cap index rose 3.94%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 3448 almost same as that of Rs 3445.18 crore on Friday, 11 February 2011.

Market Breadth:

Positive 2449 Negative 495 Unchanged 61
From the 30 share Sensex pack, 29 rose and rest fell.

Micro Technologies collects Rs 20 crore from HT Media

Security systems company Micro Technologies (India) Limited is collecting Rs 20 via voluntary convertible debentures from media company HT that hits ad-for-equity agreements.

Berger Paints India dubs new COO, CFO

Berger Paints India told on Monday Abhijit Roy, senior vice-president, sales and marketing, has been assigned as the chief operating officer of the firm and would presuppose the charge of chief executive officer following June 30 when current CEO Subir Bose retires.

Points asserted first PGA Tour win at Pebble Beach

American DA Points settled his initial PGA Tour title with a two-shot conquest at the Pebble Beach National Pro-Am on Sunday after casting his last five holes in a blistering three under par.

Unity Infra lowest proffer in 4 ventures costing Rs 300 crore

Engineering and construction company Unity Infraprojects has appeared as the lowest bidder for 4 ventures of more or less Rs 300 crore and anticipates them to be granted in a month, according to a prominent official on Monday.

NIIT merged with Zend Technologies for PHP training

Software trainer NIIT told on Monday that it has merged with Zend Technologies in US to offer training for hypertext pre-processor (PHP), a computer language used in making web pages.

Key to food safekeeping is allocation arrangement

India will be independent in the manufacturing of staple foods up to 2025 and there are indications it could operate immediately to develop allocation, key to warranting its 500 million underprivileged people of adequate food supply, according to experts.

Balrampur Chini up 7 percent on trade in scheme

Balrampur chini shares were up close by 7 percent at Rs 72.40 on heavy trading volumes, following the firm told that its panel would mull a share trade in bid on February 22.

Anup Bagchi to take over ICICI Securities as Sameer Sain resigns

The securities wing of the nation’s prominent private lender ICICI Bank has been a alteration of guard with Anup Bagchi taking over as the chief of ICICI Securities from Madhabi Puri Buch who has transferred on to the mother company before going for a privates sabbatical.

TATA, Lockheed goes into Joint Venture to manufacture aerostructure

Lockheed Martin Corporation and Tata Advanced Systems, declared the development of a fresh joint venture firm - Tata Lockheed Martin Aerostructures. The firm will produce aerostructures for the C-130 aircraft manufactured by Lockheed Martin.

Reliance Power aims 3 fresh aptitudes in Fiscal Year 2012

Reliance Power, a firm advocated by Anil Ambani, accounted merged net profit up 7.5 percent at Rs 144 crore for the period ended December 2010, against to Rs 134 crore in same period last year. The other merged income stayed at Rs 103 crore against Rs 179 crore YoY.

Banner price increase to plunge more in February, according to Montek

Motivated by moderation in price increase in January, the Planning Commission at the moment predict extension of the trend in the approaching month because due to turn down in the price of onion and other vegetables.

Fineotex Chemical IPO launches on February 23

Fineotex Chemical (FCL) is coming into the capital market with a public issue of 42, 11, 160 equity shares for cash at a premium by 100 percent book building route. The price band is arranged at Rs 60-72 per equity share of the face value of Rs 10 each.

BSE Sensex soars 1.52% as market rebounds by leaps

The BSE 30-share Sensex was up 265.57 points or 1.52% to 17,728.61. The Sensex lost 167.42 points at the day's low of 17,295.62 in early afternoon trade, its lowest level since 15 June 2010. The index rose 289.52 points at the day's high of 17,752.56 in late trade.

The S&P CNX Nifty was up 84.20 points or 1.61% to 5310. The Nifty hit low of 5,177.70 in early afternoon trade, its lowest level since 15 June 2010.

The BSE Mid-Cap index rose 2.92%. The BSE Small-Cap index rose 2.94%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 3427 crore, lower than Rs 3700.07 crore on Thursday, 10 February 2011.

Market Breadth:

Positive 2113 Negative 776 Unchanged 61
From the 30 share Sensex pack, 21 rose and rest fell.

Page Industries announces 3rd interim dividend at Rs 4 per share

Page Industries Limited has notified the Exchange that the Board of Directors at its conference which happened on February 11, 2011 has announced 3rd interim dividend of Rs 4 per share on an equity share value of Rs 10 each.

Ambika Cotton Mills sanctions interim dividend at Rs 2 per share

Ambika cotton Mills Limited has notified BSE that the Board of Directors of the Firm at its conference which happened on February 11, 2011, has sanctioned for compensation of an Interim Dividend of Rs. 2/- per share for fiscal year 2010-11.

Loyal Textile Mills; February 24, 2011 log date for compensation of interim dividend

Loyal Textile Limited has notified BSE that the Firm has set February 24, 2011 as the Record Date for compensation of the Interim Dividend.

Essar Shipping Ports goes into MOU with Port of Antwerp International

Essar Shipping Ports & Logistics Limited has notified BSE that the Firm has on February 10, 2011 came into a Memorandum of Understanding with the Port of Antwerp International for strategic Collaboration in the sectors of Consultancy, Investment, Training and enhancing Commercial Relations in the quick developing port area in the India and abroad.

Omaxe to search at alternatives to collect funds

Real estate developer Omaxe is studying different fund raising alternatives, as well as a follow-on public offer and ring-fence agreements, as its previous scheme to trade venture to establishments has strike a regulatory road block.

IL&FS; Investment Managers’ Shahzaad Dala resigns DB Realty

Shahzaad Dalal, IL&FS Investment Manager Limited’s (IIML) vice chairman had quit as an independent director on the panel of DB realty, whose co-endorser and India’s youngest billionaire Shahid Balwa is being probed by investigating authorities over assumed fiscal irregularities.

IDFC collects Rs 765 crore through infra bonds

Infrastructure Development Finance Company (IDFC) has collected more or less Rs 765 crore via its second tranche of tax infra-free bonds issue, an official which is associated with the development told.

Sembcorp to purchase 49 percent in Gayatri’s power facility for Rs 1,042 crore

Sembcorp Industries in Singapore has issued Rs 364 crore as the initial tranche of its entire commitment of Rs 1,042 crore for choosing 49 percent venture in Thermal Powertech Corporation India Ltd.

HSBC India increases resident fixed deposit rates by 0.5 - 0.75 percent

Banking prominent HSBC India has told day that us has upgraded its resident fixed deposit rates by 0.5 percent to 0.75 percent on select maturities.

IT incursion at IPO-bound local mobile handset manufacturer Micromax

There has been an Income-Tax incursion at Micromax Informatics Limited, the nation’s biggest and most-watched local mobile handset manufacturer, VCCircle has informed. The income tax representatives are performing their appraisals at the firm’s main office in Gurgaon.

SAIL FPO is expected in March

SAIL’s follow-on public offer (FPO) will be opened only following the submitting of the ONGC FPO, according to the firm’s chairman CS Verma, , "The FPO is likely to be filed before March-end and the pricing is yet to be decided."

IOC FPO suspended because of high crude costs

Indian Oil Corporation (IOC), a firm operated by the government, has told on Thursday its Rs 20,000-crore public offer is suspended because of unreasonable market condition and increasing global crude costs.

BSE Sensex slumps 0.74% as IT, realty lead market slide

The BSE 30-share Sensex was down 129.73 points or 0.74% to 17,463.04, its lowest closing level since 5 July 2010. The Sensex lost 230.18 points at the day's low of 17,362.59 in mid-morning trade. The index rose 44.11 points at the day's high of 17,636.88 in early trade.

The S&P CNX Nifty was down 27.75 points or 0.53% to 5,225.80, its lowest level since 15 June 2010. The Nifty hit low of 5,196.80 in mid-morning trade.

The BSE Mid-Cap index was up 0.11% and outperformed the Sensex. The BSE Small-Cap index was down 0.86% and underperformed the Sensex.

Sectoral indices on BSE were mixed. The BSE Auto index (up 0.83%), Power index (Up 0.82%), Healthcare index (up 0.58%), Capital Goods index (up 0.03%), FMCG index (down 0.04%),
Metal index (down 0.17%), Consumer Durables index (down 0.24%), and banking sector index Bankex (down 0.31%), outperformed the Sensex. The BSE PSU index (down 0.76%), Oil & Gas index (down 0.81%), Realty index (down 1.03%), and IT index (down 1.53%), underperformed the Sensex.

BSE clocked turnover of Rs 3558 crore, lower than Rs 3942.21 crore on Wednesday, 9 February 2011.

Market Breadth:

Positive 1035 Negative 1848 Unchanged 85
From the 30 share Sensex pack, 16 fell and rest rose.

Cummins India; March 3, 2011 log date for compensation of Interim Dividend

Cummins India Limited has notified the Exchange that the dividend warrants for the interim dividend will be send out by March 1, 2011 and the dividend will be compensated on March 3, 2011.

Gujarat Pipavav Port goes into deal with Gulf Petrochem India Private

Gujarat Pipavav Port Limited has notified the Exchange that the Firm has gone into an Agreement with gulf Petrochem India Private Limited wherein they aimed to obtain on lease 90507 square meters of land at Pipavav Port to innovate a primary tankage plant of 100,000 KL.

Omkar Speciality Chemicals to sell on exchange from February 10, 2011

Trading Members of the Exchange are hereby notified that effective from February 10, 2011 the equity shares of Omkar Speciality Chemicals Limited (Scrip Code: 533317) are filed and admitted to agreements on the Exchange in the file of ‘B’ Group Securities.

Wipro rejigs management action will ease things up

Wipro Technologies, the international IT industry of Wipro, declared on Monday that it had realigned its organisational arrangement. This was prepared aligned with the amended business environment.

India commends Enam’s Rs 3,450 crore FDI proposal

India commended Enam India Infrastructure Fund’s for a foreign direct investment of more or less Rs 3,450 crore in the state, according to an announcement by the administration.

Microsec Financial to uphold operating margins at 62 percent

Microsec Financial Services has announced its third period outcomes. The firm’s 3rd period of fiscal year 2011 profit from operations was at Rs 23.4 crore against Rs 14.1 crore. Its profit after tax (PAT) was at Rs 10.7 crore against Rs 6.2 crore.

City Union Bank’s 3rd period net up will close year with NIM of 3.4 percent

City Union Bank has accounted a net income of Rs 57.7 crore for the period that closed in December 2010 versus Rs 40.6 crore in the similar period last year. Net interest profit leaped to Rs 104 crore from Rs 75 crore (YoY).

JHS Svendgaard Labs aims 100 percent operation in Fiscal Year 2012

JHS Svendgaard Laboratories has accounted as sales turnover of Rs 22.30 crore and a net profit of Rs 1.51 crore for the period that closed in December 2010. For the period that closed in 2009 the sales turnover was Rs 14.87 crore and net profit was Rs 1.32 crore.

Ricoh India to negotiate on purchasing Indian IT Company

Ricoh India, a unit of Japan’s Ricoh Co Limited, is in negotiations to purchase an Indian IT services company and sees to close the deal by May in 2011, according to Managing Director N Maitra on Thursday.

MphasiS considers acquirements in BFSI, capital market space

IT major, MphasiS is considering acquirements in the BFSI and capital market space, according to a senior representative today. "We are looking at acquisitions in the BFSI and capital market space,” according to" MphasiS'' President, Emerging Markets, P A Krishnan at the NASSCOM summit.

4th period will become better than 3rd period, Harrisons Malyalam says

Harrisons Malyalam has accounted a sales turnover of Rs 95.03 crore and a net income of Rs 5.57 crore for the period that closed in December 2010. For the period that closed in December 2009, the sales turnover was Rs 85.15 crore and net income was 6.36 crore.

Anup Bagchi to take over as ICICI Sec’s Managing Director & Chief Executive Officer

''Anup has spent his whole career with the ICICI Group and has deep experience in capital markets and retail financial services. I am sure he will take ICICI Securities to even greater heights,” according to Kochhar on Bagchi’s increase.

CAG tells AI’s incomplete disclosure in 2009-10 losses

The Comptroller and Auditor General (CAG) has discovered inconsistencies in Air India’s reports which proves that the airline has given an incomplete disclosure on its losses in 2009-10 by more than Rs 3,000 crore.

Global cloud services market to get twofold by ‘14

Consultancy agency KPMG sees global cloud services market to over twofold to close by USD 149 billion. Cloud services denotes to the method of sharing resources like hardware, development platforms and software on the Internet.

Amrutanjan Health Care announces interim dividend at Rs 5 share

Amrutanjan Health Care Limited has notified BSE that the Board of Directors of the Firm at its conference which happened on February 10, 2011, has announced an Interim Dividend of Rs. 5/- per share (50 percent) on the Equity Share Capital of Rs. 3.03. crores for the fiscal year 2010-11.

Supreme Court requests administration to mull over special court for 2G trial

The Supreme Court had requested the attorney general to see and create an assertion on the option of comprising a special court for second-generation (2G) telecoms license trial.

Omkar Specialty to acquire main returns in Fiscal Year 2012-2013

Chairman and Managing Director of Omkar Specialty Chemicals has told that the firm is expecting the Fiscal Year 2011 returns to be at Rs 100 crore.

Cabinet endorses PFC FPO

The cabinet endorsed the Power Finance Corporation (PFC) follow-on public offer (FPO), according to the reports on Thursday. The administration has told that it would sell 57.38 million shares through the FPO and PFC will invest 172.16 million shares in FPO.

BSE Sensex plummets 1.03% on poor trading performance

The BSE 30-share Sensex was down 182.93 points or 1.03% to 17,592.77, its lowest closing level since 7 July 2010. The index rose 88.62 points at the day's high of 17,864.32 in mid-morning trade. The Sensex lost 267.35 points at the day's low of 17,508.35 in late trade.

The S&P CNX Nifty was down 59 points or 1.11% to 5,253.55, its lowest closing level since 7 July 2010. The Nifty hit a low of 5,225.65 in late trade.

The BSE Mid-Cap index fell 3.64% and the BSE Small-Cap index declined 4.3%. Both these indices underperformed the Sensex.

All the sectoral indices on BSE were in the red. Power index (down 4.29%), Metal index (down 3.87%), Realty (down 3.81%), Consumer Durables (down 3.57%), Capital Goods index (down 2.58%), PSU index (down 2.36%), Auto index (down 1.67%), Healthcare index (down 1.56%) and FMCG (down 1.15%) underperformed the Sensex. The BSE IT index (down 0.33%), Bankex (down 0.46%), Teck index (down 0.79%) and Oil & Gas index (down 0.91%), outperformed the Sensex.

The total turnover on BSE amounted to Rs 3930 crore higher than Rs 2824.15 crore on Tuesday, 8 February 2011.

Market Breadth:

Positive 506 Negative 2414 Unchanged 60
From the 30 share Sensex pack, 22 fell and rest rose.

Spectacle Infotek obtains purchase from ONGC

Spectacle Infotek has notified BSE concerning a Press Release which was dated February 07, 2011 with the title, “Spectacle Infotek Limited bagged Order from M/s. ONGC Limited.”

Phaneesh Murthy, Shashank Singh unites with Patni board

iGate Chief Executive Officer Murthy and Apax Partners co-head for India Shashank Singh have united the panel of Patni Computer Systems Limited, reinstating one of the co-endorsers Gajendra Patni.

Remidichera Infra & Power obtains purchase worth Rs 16 crore

Remidicherla Infra & Power Limited has notified BSE that the Firm has obtained a venture from VDB Projects (P) Limited, worth Rs. 16 crores for the supply of GSB & Wet Mix, in Mysore Ring Road Project.

Sentinel Tea and Exports to sell on exchange from February 9, 2011

Trading Members of the Exchange are hereby notified that effective from the February 09, 2011 the equity shares of Sentinel Tea and Exports Limited (Scrip Code: 533316) are filed and admitted to transactions on the Exchange in the file of ‘T’ Group Securities.

Indian Overseas Bank amends BPLR to 13.75 percent from 13.75 percent

Indian Overseas Bank has notified the Exchange that The Board of Directors has, by Circular Resolution dated 05.02.2011, and commended the Increase of the Benchmark Prime Lending Rate (BPLR) of the Bank by 50 basis points from existing 13.25 p.a. to 13.75 percent with outcome from February 05, 2011.

UAE’s Etisalat declares had no involvement in telecom scandal

UAE telecoms company Etisalat reiterated on Wednesday that it had no participation in a telecom corruption rip-off in India that results an executive during its joint venture under arrest on accusations of unlawful activity.

Mah Satyam might get re-listed on NYSE by the end of the year

With transactions coming back, it appears that Mahindra Satyam is getting back to normal. The firm is currently aiming at getting re-listed on the New York Stock Exchange by the end of 2011.

PSA Peugeot Citroen comes back to year profit, aims India

French car manufacturer PSA Peugeot Citroen is to enter the Indian market, according to the firm on Wednesday, keeping its thrust for more increase from up-and-coming markets following an account of a swing back into revenue in 2010.

Thomas Cook to mull over dividend

Thomas Cook (India) Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on February 17, 2011, inter alia, to mull over the following: (1) Audited Financial outcomes for the year that closed on December 31, 2010. (2) Recommending dividend for the year that closed on December 31, 2010, if any. (3) Mull on Book-Closure quarter.

Administration arranges to grant large fighter jet agreement by March 2012

The administration arranges to grant an USD 11 billion fighter jet agreement by the end of March 2012, the defence minister said, as producers at India’s air show competed to maximize their share of a quick-developing market for military hardware.

TAIB Bank chooses 3.5 percent in Kavveri Telecom in market transaction

Bahrain’s TAIB Bank has purchased 3.5 percent in Kavveri Telecom Products Limited via open market operations for more or less Rs 4 crore (USD 0.9 million).

NIIT Tech aiming purchases in health, insurance, manufacturing

NIIT Technologies is aiming to purchase assets in verticals like healthcare, insurance and manufacturing, according to the firm’s chief executive officer (CEO) on Wednesday.

Hindrance in India’s steel Industry

Development for India’s steel business has been obstructed by regulatory and environmental impediments, land acquirement postponement and social protests. However, businessmen are discovering methods to widen aptitudes as needs for steel races in one of the quickest developing economies of the world.

At-risk opening expected for Tamiflu generic, Natco Pharma says

Natco Pharma has submitted a Para IV for Tamiflu generic. The firm has a special first-to-file chance on it. Tamiflu, a USD 500 million market in the US and more than USD 1 billion in international sales is created by Gilead.

Hinduja Global expects closing China Joint Venture agreement by the end of June

Hinduja Global solutions anticipate to close its initial China joint venture agreement by the end of June, according to Chief Executive Partha De Sarkar on the sidelines of a NASSCOM convention.

Sanghvi Forging arrangements to fund expansion of IPO

Sanghvi Forging and Engineering in Vadodara has submitted draft red herring prospectus with SEBI to collect Rs 42.50 crore via an initial public offer. It has recommended to utilize the IPO process to fund partially its Rs 120 crore expansion plan.

Omkar Specialty Chemicals to file on February 10

Omkar Specialty Chemicals has set February 10 as a filing date for its equity shares, which currently filed through public issue. It has arranged an issue price at higher end of price band of Rs 95 - 98 per share.

Texmaco rails waits for SEBI approval for listing in the near future

Texmaco Rail & Engineering, created following a disband of Texmaco Limited, waits for an endorsement from the Indian capital market regulator to list on the stock exchange in the near future.

BSE Sensex slips 1.45% as every sector in downturn

The BSE 30-share Sensex was down 261.49 points or 1.45% to 17,775.70, its lowest closing level since 8 July 2010. The Sensex lost 295.01 points at the day's low of 17,742.18 in late trade. The index gained 104.32 points at the day's high of 18,141.51 in early trade.

The S&P CNX Nifty was down 83.45 points or 1.55% to 5,312.55, its lowest level since 8 July 2010. The Nifty hit a low of 5,303.40 in late trade.

The BSE Mid-Cap index fell 2.42% and the BSE Small-Cap index declined 3.23%. Both these indices underperformed the Sensex.

All the sectoral indices on BSE were in the red. The BSE IT index (down 0.1%), Teck index (down 0.34%), FMCG (down 0.86%) and Healthcare index (down 1.3%), outperformed the Sensex. The BSE Consumer Durables (down 3.81%), Realty (down 3.08%), Auto index (down 2.7%), Bankex (down 2.28%), Oil & Gas index (down 2.06%), Metal index (down 1.95%), Capital Goods index (down 1.91%), PSU index (down 1.9%) and Power index (down 1.88%) underperformed the Sensex.

The total turnover on BSE amounted to Rs 2793 crore lower than Rs 2823.33 crore on Monday, 7 February 2011.

Market Breadth:

Positive 540 Negative 2368 Unchanged 80
From the 30 share Sensex pack, 25 fell and rest rose.

Client budgets could leap 2-4 percent in Fiscal Year 2011, TCS says

IT major, Tata Consultancy Services (TCS) tells client budgets could leap 2-4 percent in fiscal year 2011. The form will also gaze at acquirements in Europe and Japan. “The size of acquisition is not a binding factor for us,” according to Chief Executive Officer Chandrasekharan.

Fortis Healthcare mulls arranging REIT, listing

Fortis Hotel is keenly arranging a Real Estate Investment Trust (REIT) and listing it in Singapore, according to chief financial representative Yogesh Sareen on Tuesday.

To purchase companies with USD 50 - 300 million returns, Genpact

Genpact has accounted net profit of USD 46 million, an increase of 33 percent on year-on-year basis. Its profit increased by 6 percent at USD 341.5 million on quarter-on-quarter basis. Net income margin perked up at 13.5 percent against 11.6 persent (YoY).

Dynamics of local market are varying, Cipla says

Cipla has announced its third period outcomes. The firm’s net profit was at Rs 232.7 crore against Rs 289 crore on year-on-year basis. Its net sales were at Rs 1, 501.4 crore against Rs 1,344.2 crore on YoY basis.

Mundra Port announces interim dividend at Re 0.50 per share

Mundra Port And Special Economic Zone Limited has notified the Exchange that the Board of Directors of the Firm at its conference which happened on February 07, 2011 have announced interim dividend at 25 percent i.e. Re 0.50 per equity share of Rs .2 each of the Firm for the Fiscal Year 2010-11.

Dynamatic Technologies announces 2nd interim dividend at Rs 3 per share

Dynamic Technologies Limited has notified BSE that the Board of Directors of the Firm at its conference which happened on February 07, 2011, inter alia, has deemed compensation of 2nd interim Dividend for the year 2010-11 at 30 percent on 54, 14, 703 Equity Shares of Rs 10/-each amounting to Rs 16, 244, 109/-(Rs. 3.00 per share) to the legitimate investors as on Record Date.

India will persist to see inbound M&A; action, HSBC India says.

Sunil Sanghai, MD and Head-Global Banking, according to HSBC, as much as the administration disinvestment agenda and the public sector unit (PCU) is alarmed, there is investor fancy for the PSU stock, given the extent and the excellence of these firms.

No reduction apprehension in industrial production increase, Sharma says

There are no apprehensions of reduction in India’s industrial development as the production division is doing fine, according to Trade Minister Anand Sharma on Tuesday.

Cash stipulations in banking system might grow by the end of March

Cash stipulations in the Indian banking system may develop significantly by the end of March as the administration is not expecting to delay on budgeted expenditures as the financial year closes to its end, according to the legislators.

L&T; Infotech rebuffs accounts if parent firm walking out

Sturdily rebuffing accounts of construction foremost L&T’s walking out from L&T Infotech. L&T told that the parent firm keeps on being sturdy in supporting for its development.

Nagarjuna to uphold merged margins of 3.25-3.5 percent

Nagarjuna Construction, merged net profit was down at Rs 52.1 crore against Rs 55.8 crore, year-on-year, YoY. Its merged profits were up at Rs 1,599 crore against Rs 1,466 crore, YoY.

Amended Companies bill will be listed in budget session, Deora says

The amended Companies Bill will be listed in the budget session, according to Corporate Affairs Minister Murli Deora. Deora added that IFRS will export on April 1 and tax issues with respect to IFRS will be obtained by Finance Ministry.

Pratibha expects 25-30percent profit increase in Fiscal Year 2011-02-08 Pratibha Industries

Pratibha Industries has announced its third period outcomes. The firm’s independent net profit was at 14.1 crore against Rs 10.9 crore. It’s independent net sales were up at Rs 274 crore against Rs 222 crore.

Administration ban on exports appalling, according to Rajshree Sugar

Rajshree Sugars in South India accounted net sales plunged 13 percent at Rs 183 crore for period that closed in December against Rs 209 crore for the equivalent quarter the previous year.

Aurionpro Solutions, BDP International comes into global license transaction

Aurionpro Solutions Limited has notified the Exchange concerning a press release which happened on February 08, 2011, with the title “aurionPro and BDP International enters global license deal for its SCMProfit playform.”

HCC obtains purchase costing Rs 232.07 crore from NTPC Joint Venture

Hindustan Construction Company Limited has notified the Exchange concerning a press release dated February 08, 2011, with the title, “HCC awarded Rs 232.07 crore Thermal Power Project.”

PSL; February 28, 2011 log date for compensation of interim dividend

PSL Limited has notified BSE that February 28, 2011 has been settled as the Record Date for the intention of compensation of Interim Dividend.

Soma Textiles declares sales turnover

According to Soma Textiles and Industries, it has accounted a sales turnover of Rs 70.31 crore and a netloss of Rs 3.53 crore for the period which closed in December 2010.

BSE Sensex rises 0.16% as realty, FMCG lead market upsurge

The BSE 30-share Sensex was up 29.04 points or 0.16% to 18,037.19. The index gained 172.79 points at the day's high of 18,180.94 in late trade. The index fell 31.14 points at the day's low of 17,977.01 in late trade.

The S&P CNX Nifty was almost unchanged at 5396. The Nifty hit a high of 5,440.35 and low of 5,376.95 in intra-day trade.

The BSE Mid-Cap index fell 0.52% and the BSE Small-Cap index declined 0.83%. Both these indices underperformed the Sensex.

The sectoral indices on BSE were mixed. The BSE Realty (up 1.67%), FMCG (up 1.42%), Power index (up 0.28%) and IT index (up 0.18%) outperformed the Sensex. The BSE Helathcare index (down 1.5%), Consumer Durables (down 1.32%), Capital Goods index (down 1.11%), Bankex (down 0.36%), Metal index (up 0.07%) and Auto index (up 0.12%) underperformed the Sensex.

Market Breadth:

Positive 1146 Negative 1720 Unchanged 85
From the 30 share Sensex pack, 21 rose and rest fell.

Vedanta to cancel transaction if Cairn amends royalty

Vendanta Resources will cancel the USD 9.6 billion Cairn-Vedanta transaction if Cairn India allows the oil ministry’s stipulations like amending the royalty responsibility in the Rajasthan block.

9 percent increase within grasp for the next financial year, Kaushik Basu says

Persuaded by 8.6 percent increase in rate estimates for recent financial year, Chief Economic Advisor Basu today told that 9 percent economic growth for the next fiscal year will be within reach.

India Iran settle on compensation issue on crude oil supplies

Closing more than month of disputes, India and Iran have mended their compensation issue on crude oil, with both sides assenting on euro as the tender of business deals between them. The compensation will be made by means of a bank in Germany.

Reliance Power to develop aptitude of 4 big venture by 50 percent

Anil Ambani endorsed Reliance Power will develop 4 huge coal-fired power ventures by 50 percent to create an additional 8,000 MW power, which may be put up for sale at more reasonable rates.

Money Matters goes out private equity business, finishes joint venture with Milestone Cap

Full of fiddles, Money Matters Financial Services has settled to get out of its private equity businesses as the firm ended its joint venture with private equity company Milestone Capital and call off its capital commitment as sponsor to Money Matters Venture Capital Fund.

Power excises to be settled for the next five years

From April 1, 2011, any amendment in power excises, either increase or decrease will be settled for each of the next five years. The Maharashtra Electricity Regulatory Commission (MERC) has sanctioned the multi-year excise law amending the old practice of yearly excise increases by power providers.

Tata Power to finance once more loan funded for Indonesian asset

Tata Power, the biggest private utility firm in the nation, is discussing once more to fund debt of USD 270 million, funded to purchase assets of Indonesia’s PT Bumi Resources.

Hatsun Agro Product to mull over interim dividend

Hatsun Agro Product Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on February 14, 2011, inter alia, to mull and log on record, the Unaudited Financial Results of the Firm for the quarter ended December 31, 2010.