BSE Sensex rises 0.80% as IT, FMCG lead market rally

The BSE 30-share Sensex was up 155.04 points or 0.80% to 19,445.22, its highest closing since 12 January 2011. The index gained 284.98 points at the day's high of 19,575.16 in early afternoon trade its highest level since 10 January 2011. The index slipped 5.83 points at the day's low of 19,284.35 in late trade.

The S&P CNX Nifty was up 46.10 points or 0.80% to 5,833.75, its highest closing since 12 January 2011. The Nifty a high of 5,872 and low of 5,778.65 during the day.

The BSE Sensex jumped 1,621.82 points or 9.1% to settle at 19,445.22 on 31 March 2011 from its close of 17,823.40 on 28 February 2011. The 50-unit S&P CNX Nifty jumped 500.50 points or 9.38% to 5,833.75 in March 2011. The BSE Mid-Cap index surged 500.17 points or 7.84% to 6,873.40 and the BSE Small-Cap index advanced 358.57 points or 4.58% to 8,175.89 in the month. Both these indices underperformed the Sensex.

The Sensex lost 1,063.87 points or 5.18% in Q4 March 2011. The barometer index jumped 1,917.45 points or 10.9% in the year ended March 2011 (FY 2011). The BSE Small-Cap index dropped 1,494.42 points or 15.45% in Q4 March 2011 and lost 321.54 points or 3.78% in FY 2011. The Mid-Cap index lost 929.31 points or 11.91% in Q4 March 2011 and rose 67.22 points or 0.98% in FY 2011.

The total turnover on BSE amounted to Rs 3192 crore, higher than Rs 3105 crore on Wednesday.

The BSE Mid-Cap index rose 0.29% and the BSE Small-Cap index rose 0.21%. Both these indices underperformed the Sensex.

Sectoral indices on BSE displayed mixed trend. The BSE IT (up 1.92%), the BSE FMCG (up 1.67%), and the BSE Oil & Gas (up 1.44%), outperformed the Sensex. The BSE Bankex (down 0.70%), the BSE Healthcare (down 0.35%), and the BSE Consumer Durables (down 0.22%), underperformed the Sensex.

Market Breadth:

Positive 1451 Negative 1439 Unchanged 97
From the 30 share Sensex pack, 21 rose and rest fell.

L&T; trades venture in L&T-Case; Equipment to Joint Venture associate

Engineering major Larsen and Toubro (L&T) has traded its venture in L&T-Case Equipment to joint-venture associates CNH Global NV, according to a press release on Thursday.

Sheetal Refineries submits DRHP for Rs 60 crore IPO

Edible refiner Sheetal Refineries in southern part of India has submitted red herring prospectus with the market watchdog SEBI for its public issue of equal to Rs 60 crore.

Clearwater Capital to trade venture in Flexituff through IPO

Packaging bags maker Flexituff International suggests going into capital market with a public issue of 67.5 lakh equity shares of face value Rs 10 each. It has submitted filed draft red herring prospectus with the SEBI.

Adarsh Plant obtains purchase worth Rs 2.99 crore form Punjab State Administration

Adarsh Plant Project Limited has notified BSE that the Company has obtained valued purchase from Punjab State Government for supply of Seed Dressing Drums for an entire value of Rs 2,99,98,080/-.

Tata Power charges 120 MW Unit 5 at Jojobera Thermal Power Station in Jamshedpur

Tata Power Company Limited has notified BSE concerning a Press Release which was dated March 31, 2011 with the title “Tata Power commissions 120 MW Unit 5 at the Jojobera Thermal Power Station in Jamshedpur”

Smartlink Net approves to sell digilink venture to Schneider Electric for Rs 5030 million

Smartlink Network Systems Limited has notified the Exchange concerning a press release which was dated March 31, 2011 with the title “Smartlink Network Systems Agrees to Sell Digilink to Schneider Electric for Rs 5,030 million.”

Vodafone to takeover Essar India

Vodafone, the globe’s biggest mobile operator by earning, told on Thursday it had approved to compensate USD 5 billion in cash to occupy the Essar Group from its Indian joint venture.

Food price increase at 9.50 percent YoY on March 19, according to the administration

India’s food price index increased 9.50 percent and the fuel price index mounted 13.13 percent in the year of March 19, according to the data of the administration on Thursday.

Administration liberalizes FDI ruling to enhance inflows

Soothing the policy for foreign direct investment (FDI) in the nation, the administration on Thursday decided to allow the issuance of equity to foreign companies versus imported capital merchandises and machinery.

M&M; aims India open of Ssangyong SUVs in the following year

Mahindra and Mahindra, India’s biggest utility vehicle manufacturer, aims to open Ssangyong Motor’s Korando-C and Rexton SUV in India in the initial half of the following year, according to a senior executive.

Docomo to endow Rs 800 crore in Tata Tele rights issue

Japan’s NTT Docomo on Thursday has told that it will endow more or less Rs 800 crore more in Tata Teleservices via a rights issue of the Indian mobile phone contractor.

Welspun Corporation obtains purchase worth Rs 1182 crore

Welspun Corporation Limited has notified the Exchange concerning a press release which was dated March 31, 2011, with the title “Company bags new orders of Rs 1, 182 Crore: Order Book increases to Rs 6,153 crore”

KEC International obtains purchase worth Rs 801 crore

Kec International Limited has notified the Exchange concerning a press release which was dated March 31, 2011, with the title “KEC International wins orders worth Rs 801 crore.”

Administration proposes fresh FDI norms; DIPP alleviates overseas Joint Venture policies

The administration will discharge the amended merged FDI policy paper with gazes at overseas investment linked regulation on Thursday. The administration has been deeming on freeing the foreign direct investment (FDI) policy since a few weeks post budget.

Reliance MediaWorks in discussions for venture sale, report says

Indian film and entertainment company Reliance MediaWorks is in discussions with strategic shareholders to collect Rs 500-600 crore (USD 112 million) via a sale of equity, the Mint accounted on Thursday quoting its chief executive officer.

SEBI approves SEsa Goa launch offer for Cairn India

The Securities and Exchange Board of India has signed Sesa Goa’s launch offer for Cairn India, following Sesa Goa’s parent Vedanta Resources concurred to amend some terms in the open offer document, according to reports.

Welspun Corporation obtains purchases costing Rs 1,182 crore

Welspun Corporation on Thursday told that it has won pipe orders costing Rs 1,182 crore mainly from international clients. The firm is expected the fresh orders over a period of one year.

India Value Fund endowments USD 20 million in FMG

FMG, the London and pre-media business in Chennai, has traded a controlling venture in its venture to a group of private equity shareholders led by India Value Fund Advisors (IVFA) for USD 20 million (£12.5m).

BSE Sensex surges 0.89% as all sectors gain except FMCG

The BSE 30-share Sensex was up 169.38 points or 0.89% to 19,290.18, its highest closing since 12 January 2011. The Sensex gained 236.30 points at the day's high of 19,357.10 in afternoon trade. The index rose 57.97 points at the day's low of 19,178.77 in early trade.

The S&P CNX Nifty was up 51.30 points or 0.89% to 5,787.65, its highest closing since 12 January 2011. The Nifty a high of 5,803.15 in intraday trade.

The total turnover on BSE amounted to Rs 3023 crore, lower than Tuesday's Rs 3,744.99 crore.

The BSE Mid-Cap index rose 1.51% and the BSE Small-Cap index rose 2.20%. Both these indices outperformed the Sensex.

The BSE FMCG index was the lone loser among the 13 sectoral indices on the BSE. The BSE Consumer Durables (up 3.98%), the BSE Realty (up 3.14%), and the BSE Healthcare (up 1.95%), outperformed the Sensex. The BSE TecK (up 0.37%), the BSE Metal (up 0.24%), and the BSE FMCG (down 0.38%), underperformed the Sensex.

Market Breadth:

Positive 2081 Negative 813 Unchanged 95
From the 30 share Sensex pack, 27 rose and rest fell.

IOC to close kerosene unit from mid-April

Indian Oil Corporation (IOC) sets to close a kerosene unit at its Haldia refinery for repairs from mid-April, according to a firm source on Wednesday, prompting the company to float a rare jet fuel tender.

Mukesh Udyog aims expansion, files IPO papers

Yarn producer Mukesh Udyog has submitted draft herring prospectus with the market watchdog Securities & Exchange Board of India (SEBI) for public issue of 75 lakh equity shares of Rs 10 each.

PTV India Financial lets down the street on opening

It a was frustrating day for investors of PTC India Financial Services as shares traded less than the issue price on the opening day itself. It fell over 11.43 percent to close at Rs 24.80 versus issue price of Rs 28 per share, following an intra-day high of Rs 27 being hit and low of Rs 23.5 on the National Stock Exchange.

UBS demotes Hindustan Unilever to trade

UBS demoted India’s Hindustan Unilever to “sell” from “buy” on Wednesday, and slash its 12-month target cost to Rs 250 from Rs 320 previously, telling raw material pressure and competition could strike revenues of the nation’s leading household merchandises and consumer items manufacturer.

SBI single-handedly to supervise EPFO’s Rs 3 lakh crore fund up to June

Retirement fund body EPFO at the moment told that its corpus of roughly Rs 3.5 lakh crore will now be supervised by one of the existing fund manager, SBI, for three month interlude which will end on June 30 as an interim deal.

PTC India to sell on exchange from March 30, 2011

Trading Members of the Exchange are hereby notified that effective from March 30, 2011, the equity shares of PTC India Financial Services Limited (Scrip Code: 533344) are listed and admitted to transactions on the Exchange in the list of ‘B’ Group Securities.

AllCargo Global Logistics to mull over final dividend

AllCargo Global Logistics Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on April 05, 2011, inter alia, to mull over and approve some of its activity.

April-February iron ore trades plunged 18 percent, March descends expected

India’s iron ore trades plunged 18 percent to 85.43 million tonnes in April-February quarter from a year ago as a prohibition on shipments by Karnataka state kept on to nibble and March levels could be lesser as Chinese consumers hang around for international rates to plunge.

HMEL connects Bathinda start-up to crude stability

Hindustan Mittal energy Limited (HMEL) will hang around for stability in crude rates beginning its fresh 180,00 barrels per day refinery, according to sources, an indication that crisis-induced instability is affecting major ventures.

Financial Technologies recompenses Rs 180 croreto IFCI in MCX-SX agreement

Financial Technologies India on Wednesday told that it was recompensating Rs 179.69 crore to financial institution IFCI under the terms of the agreement for the 5 percent venture in MCX-SX.

Endorsers stack on Apollo Tyres, increase venture by 3 percent since January

The endorsers of Apollo Tyres, Onkar S Kanwar together with individuals acting in concert and group holding firms, have augmented their venture in the firm to by a little more than 2 percent, the firm said to the National Stock Exchange in a filing.

BoB’s Mallya to become the IBA Chairman from April 1

Bank of Baroda Chairman and Managing Director M D Mallya will become the Chairman of the Indian Bank’s Association (IBA) starting from April 1.

Ford India releases its 1,00,000th engine

Ford India on Wednesday released its 1, 00,000 engine from its Chennai plant which was attained only 14 months following the operations. "We are proud to celebrate the 1,00,000 production milestone in a short space of time," according to Ford India''s President and Managing Director, Michael Boneham in an account.

BoM targeting NPAs less than 3 percent in FY11

Bank of Maharashtra, a government - operated lender, eyes to lessen its non-performing assets (NPAs) to 3 percent lower in the recent financial from 3.18 percent, according to a prominent bank official on Wednesday.

UBI obtains Rs 682 crore capital infusion from administration

Public sector Union Bank of India (UBI) on Tuesday told that it has obtained a capital infusion of Rs 682 crore from the administration of India via a preferential allocation of shares. The bank obtained the infusion through preferential allocation of Rs 10 each at a premium of Rs 344.94 in favour of Administration of India, according to the lender.

GM to go in advance with expansion scheme

General Motors India is going in advance with its expansion at the facility here to roll out LCVs and does not anticipate the demonstration in progress by a faction of employees to affect its operation for long.

ITV protects four-year transaction for IPL

ITV, a major commercial TV network, has come into a fresh four-year transaction with Nimbus Communications for the UK broadcast rights of the Indian Premier League (IPL) cricket competition.

Iron ore trades of India to plunge for 8th month, increases freight costs

India iron ore trades plunged for the eight consecutive months in February due to a progressing prohibition on shipments by its chief Karnataka state and trades are expected to be in front of additional pressure as the nation increases freight costs once more.

BSE Sensex soars 0.94% as every sector in green

The BSE 30-share Sensex jumped 177.60 points or 0.94% to 19,120.80, its highest closing since 24 January 2011. The Sensex gained 283.07 points at the day's high of 19,226.21 in late trade. The index rose 1.68 points at the day's low of 18,944.82 in early trade.

The S&P CNX Nifty was up 49.10 points or 0.86% to 5,736.35, its highest closing since 24 January 2011. The Nifty a high of 5,770.35 in intraday trade.

The total turnover on BSE amounted to Rs 3704 crore, higher than Monday's turnover of Rs 3219 crore.

The BSE Mid-Cap index rose 0.03% and the BSE Small-Cap index slipped 0.36%. Both these indices underperformed the Sensex.

All the 13-sectoral indices on the BSE logged gains. The BSE Auto (up 1.53%), the BSE TecK (up 1.35%), and the BSE Metal (up 1.08%), outperformed the Sensex. The BSE Capital Goods (up 0.11%), the BSE FMCG (up 0.30%), and the BSE Oil & Gas (up 0.40%), underperformed the Sensex.

Market Breadth:

Positive 1151 Negative 1864 Unchanged 85
From the 30 share Sensex pack, 27 rose and rest fell.

Apex court looks for SEBI stand on IPO rip-off account

The Supreme Court at the moment inquired SBI to explain its stand on accepting the account of a high-powered commission that had investigated the IPO rip-off of 2006 and the part of NSDL in it.

CRISIL appoints grade 1/5 to Aanjaneya Lifecare IPO

CRISIL has appointed a grade 1/5 to the offered initial public offer (IPO) of Aanjaneya Lifecare, which points out that the essentials of the IPO are pitiable comparative to the various listed equity securities in India, its research account dated March 28.

PTC India Financial to file shares on March 30

PTC India Financial Services, Indian non-banking financial establishment advocated by PTC India, has arranged March 30 as its filing date for its equity shares on the exchanges. Issue has been set at Rs 26-28 per share, which is the higher end of price band. Retail shareholders obtain shares at a discount of Re 1 to the issue price.

Essar energy to purchase Stanlow refinery from Shell UK

Essar Energy on Tuesday told that it will purchase Shell UK’s 2, 70, 000 barrel-per-day oil refinery and various related assets at Stanlow near Ellesmere Port, Cheshire UK.

Hedge funds discover India toughest BRIC to break

Hedge funds are discovering India the toughest BRIC nation to win over every time in plunging stock markets, raising inquiries if the lofty bills they charge for all-weather outperformance is necessary.

FDI plunged by 30 percent in February to USD 1.2 billion

Foreign direct investment (FDI) in India registered its second repeated turn down in February, 2011, plunging by 30 percent year-on-year to USD 1.2 billion in the surroundings of monetary mayhem in Europe.

Cabinet commends USD 1.75 billion FDI from Reckitt, PE firms

The cabinet on Tuesday commended foreign direct investment (FDI) costing to Rs 7,800 crore (USD 1.75 billion), about up to the normal total monthly FDI inflows, while Asia’s third-biggest economy looks overseas fund key sectors.

SKS Microfinance trades Rs 610 crore securitised loans

SKS Microfinance, India’s biggest and only publicly listed microfinance institution, told on Tuesday that it traded securitised loans costing Rs 550 crore in two branches to banks. The firm also told that it traded securitised loans costing Rs 60 crore to a non-banking monetary firm previously this month.

Suzlon wing Repower to trade logistics subsidiary WEL

Germany’s Repower Systems on Tuesday told that it is selling major possessions of its logistics subsidiary Windenergie Logistik or WEL to Universal Windkraft Logistik.

Administration could lift wheat export ban in April - May

India could mull over as early as next month to lift a four-year old prohibition on wheat exports, but analysts told the administration, struggling to lessen the costs, might lack the political will for such an action.

ChrysCap trading major chunk in Intas Pharma IPO

ChrysCapital is trading half of its holding in Intas Pharmaceuticals in the public issue of the mid-size drug manufacturer that is searching to augment Rs 425 crore via new issue of shares in the IPO.

Aban Offshore unit to trade entire stake in Venture Drilling

Offshore drilling service provider Aban Offshore on Tuesday has told that its subsidiary Sinvest is selling the whole 50 percent venture in Venture Drilling AS to Norway’s Petrolia ASA for USD 34 million.

PE-backed DB Realty keeps on seeing board exits

IL&FS Private Equity and Trinity Capital-backed real estate company DB realty, that went public in the previous year, keeps on seeing exits questionably in the light of the company’s co-promoter and once India’s youngest billionaire Shahid Balwa being inquired by investigating authorities on asserted financial discrepancies that rooted loss to the Indian exchequer in the 2G telecom spectrum auctions.

Chambal Fertilisers assigns specialists for shipping business

Chambal Fertilisers & Chemicals late on Monday told that the reformation commission of its board has assigned independent specialists to look at different points for reforming its shipping business.

Microsoft introduces past Oracle India Managing Director as India Chairman

The globe’s leading software company has introduced past managing director of Oracle’s India operations, Bhaskar Pramalnik as chairman of its India unit.

Infrastructure may enhance India’s development story, expert says

Suhaimi Yaacon, Country President (India) for Scomi Group; Sanjeev Kumar Lohia, OSD (Urban Transport) and joint secretary for Ministry of Urban Development, Government of India (GOI); Dr. M Ramachandran, Infrastructure Advisor to Administration of Uttar Pradesh; SK Goel, CMD of India Infrastructure Finance Company (IIFCL) and Alwyn Bowden, CEO of Essar Projects Limited, talks about the expanding infrastructure to enhance India’s development story.

Spectrum negligence a concern for telecom sector, Sibal says

Telecom minister Kapil Sibal told on Monday that telecom sector predicament s have branched from negligence of spectrum. Spectrum engineering and management are at the core of proficient utilization of a reserve, Sibal says.

Walmart in Deals for Big Bazaar Vanture

The $ 308 billion retailing major Walmart is looking at a contract to raise up a venture in Big Bazaar’s nack end ops and in a while expand the transaction to front-end business when the policy permits.

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BSE Sensex increases 0.79% as market in progress on third consecutive day

The BSE 30-share Sensex was up 144.58 points or 0.79% to 18,350.74, its best closing since 16 March 2011. The index rose 63.16 points at the day's low of 18,269.32 in afternoon trade. The Sensex gained 167.81 points at the day's high of 18,373.97 in morning trade.

The S&P CNX Nifty was up 42.15 points or 0.77% to 5,522.40, its best closing since 14 March 2011. The Nifty hit an intraday high of 5,529.

The total turnover on BSE amounted to Rs 3006 crore, lower than Rs 4257 crore on Wednesday, 23 March 2011.

The BSE Mid-Cap index rose 0.78% and the BSE Small-Cap index rose 0.67%. Both these indices underperformed the Sensex.

Eleven out of 13-sectoral indices on the BSE logged gains. The BSE Realty (up 2.83%), the BSE Auto (up 1.40%), and the BSE Capital Goods (up 1.27%), outperformed the Sensex. The BSE Oil & Gas (down 0.25%), the BSE Healthcare (down 0.09%), and the BSE FMCG (up 0.33%), underperformed the Sensex.

Market Breadth:

Positive 1616 Negative 1304 Unchanged 121
From the 30 share Sensex pack, 24 rose and rest fell.

Sistema Shyam IPO is expected this year

High-speed mobile broadband contractor Sistema Shyam Teleservices (SSTL) today told that it may be release with an IPO this year to raise funds to improved its services in the nation.

Shilpi Cable: Restriction in gauging up of operations exists

Shareholders can abstain from investing to the initial public offering by Shilpi Cable Technologies (Shilpi), a producer of radio frequency cables and various accessories for the telecom sector.

Lovable Lingerie finishes with 23 percent premium on opening

The new firm Lovable Lingerie, a women’s innerwear maker, finished with 23.10 percent premium on the National Stock Exchange, at Rs 252.35 versus issue price of Rs 205 per share, following a strike in an intra-day high of Rs 278.90 and an intra-day low of Rs 240.

Mindtree, Ashok Soota make clear position on venture sale and future schemes

MindTree Limited has notified BSE concerning a Press Release which was dated on March 24, 2011 with the title “MindTree & Ashok Soota clarify position on stake sale and future plans”

GAIL approves yearly MoU with MoP&NG;

Gail (India) Limited has notified the Exchange concerning a press release dated March 24, 2011, with the title “GAIL targets for over 118 MMSCMD Gas Transmission in FY 2011-12 Signs Annual MoU with MoP&NG”

Feasible to control inflation at moderate level, Pranab says

Finance Minister Pranab Mukherjee at the moment told that it would be feasible to control inflation at moderate level on account of measures taken by the administration.

Crest Animation’s fresh release Alpha & Omega receives more than USD 50 millions

Crest animation Studios Limited has notified the Exchange that the Firm’s initial CGI Animated 3D Stereoscopic film, titled “Alpha & Omega” has crossed the gross income of USD 50 millions and it yet to be released in few various major areas.

Eros aims 35 percent increase in bottom line for FY 12

Eros International Media, a film content developer and aggregator, is aiming 35 percent increase in its bottom line for FY 12 as it will target further profitability than top line, according to a prominent official.

Bargain seekers dispatch realty shares shooting

Realty shares make longer their winning stripe on Thursday, with share such as Indiabulls Real Estate, Sobha Dvelopers, HDIL and DLF increasing between 2-4.5 percent in morning date.

Food inflation break allocating trend in mid-March

Food inflation broke a three-week alleviating trend in mid-March and fuel inflation was still at higher levels, upholding weight on the Reserve Bank to leash in wider inflation.

DoT retort to demerger of surplus land still lies ahead, Tatas says

In the middle of a furious argument on disinvestment of the former VSNL, Tatas on Thursday strike back at the administration, telling the firm created some efforts since 2005 onward for the demerger of surplus land except the Telecom Ministry’s retort still lies ahead.

Persistent Systems to mull over final dividend

Persistent System Limited has notified BSE that a conference of the board of Directors of the Firm will happen on April 7, 2011 and April 18, 2011, inter alia, to mull over the some ventures.

HUL purchases back shares worth Rs 625 crore till March 23

Hindustan Unilever has nearly completed its share buy-back scheme, declared last August, and has bought back 2.29 crore shares costing to roughly Rs 625.30 crores till March 23.

JSW Steel increases offer price for Ispat

JSW Steel will at the moment compensate Rs 14.40 billion to purchase up to 20 percent shares in the Ispat industries, Enam Securities told in an exchange filing. India’s third- biggest steel manufacturer JSW Steel had told in December that it would purchase a controlling venture in smaller loss-making adversary Ispat Industries for USD 476 million.

Termination charge cost will add to Q1 FY12 revenue, Godrej

US company Sara Lee will compensate Rs 177 crore to Godrej Consumer Products’ subsidiary Godrej Household Products for ceasing the license that permitted the Indian company to sell Kiwi show care and Kiwi Kleen brands in India and Sri Lanka. The ceasing will be in effect from April 3, 2011.

Panel to revise financial sector regulations will convene on April 5

After obtaining support from prime minister Manmohan Singh, the Financial Sector Legislative Reforms Commission (FSLRC) board is arranged to revise and clearout the fiscal sector regulations in the nation.

Finance Minister launches pension bill in parliament

The finance minister launched a long-awaited pension bill in parliament on Thursday that would lay concrete on the path for private players in the sector and assist the slashing in government expenditure.

Non-food inflation turnaround is a huge challenge

Indian market has seen a lofty verve from the time when a long period on increasing oil costs and rising inflation. Most forecasters think that oil rates and inflation numbers are going to make it hard for a rising market such as India to mark better-than-expected development regardless of scoring higher on the GDP scale.

BSE Sensex soars 1.21% as market advances on second straight day

The BSE 30-share Sensex was up 217.86 points or 1.21% to 18,206.16. The index gained 229.98 points at the day's high of 18,218.28 at the fag end of the trading session. The Sensex lost 38.13 points at the day's low of 17,950.17 at the onset of the trading session.

The S&P CNX Nifty was up 66.40 points or 1.23% to 5,480.25 after gyrating between 5,484.95 and 5,401.95 so far during the day.

The total turnover on BSE amounted to Rs 2873 crore, lower than Rs 3204.02 crore on Tuesday, 22 March 2011.

The BSE Mid-Cap index rose 0.92% and the BSE Small-Cap index rose 0.65%. Both these indices underperformed the Sensex.

All the 13-sectoral indices on the BSE logged gains. The BSE Realty (up 1.92%), the Bankex (up 1.85%), and the BSE Healthcare (up 1.51%), outperformed the Sensex. The BSE Consumer Durables (up 0.05%), the BSE Auto (up 0.07%), and the BSE PSU (up 0.51%), underperformed the Sensex.

Cipla (up 4.66%), ITC (up 1.44%), and Bharti Airtel (up 1.21%), edged higher from the Sensex pack.

Market Breadth:

Positive 1664 Negative 1239 Unchanged 116
From the 30 share Sensex pack, 26 rose and rest fell.

Lovable Lingerie to record shares on March 24

Lovable Lingerie, one of India’s prominent women’s innerwear manufacturers, has set Thursday, March 24 as a listing date for its equity shares issued currently via public issue of 45.5 lakh equity shares.

Speciality Restaurants aims IPO for expansion

Fine dining operator Specialty Restaurants has submitted draft red herring prospectus with the market regulator SEBI for public issue of 11, 739, 415 equity shares of face value of Rs 10 each.

J&K; Bank approves MoU with JCB India to provide infra machinery

Jammu and Kashmir Bank at the moment said it has approved a memorandum of understanding (MoU) with JCB India Limited, a prominent infrastructure equipment manufacturer firm, to supply recent infrastructure development machinery in the state on soft loan terms.

Publicis to purchase majority venture in Watermelon Healthcare

Prominent communications company, the Publicis Groupe, at the moment told that it will obtain a majority venture in Watermelon Healthcare Communications, an Indian healthcare advertising agency.

Administration makes large move on banking reforms, Bill purchased in Parliament

AS per the draft, anyone searching to get hold of 5 percent or more share capital of a banking firm would need an approval from the banking regulator. There are 20 state-owned and 22 private sector banks in the nation.

IL&FS; Group exits shareholder in Pipavav Shipyard

IL&FS Group has absolutely exited its investment created in Pipavav Shipyard beginning around three years prior to the public issue of the infrastructure firm with 5x earnings, according to VCCircle estimates.

Tata Steel in discussions to purchase Canada coal mines

Tata Steel, the globe’s No 7 steelmaker, is in discussions to purchase coking coal mines in western Canada, the Business Standard accounted Wednesday, quoting an anonymous official close to the progress.

Goldman Sachs slashes Reliance Communication’s cost target by 26 percent

Goldman Sachs slashed its 12-month target price on Reliance communication by 26 percent to Rs 115, quoting reduction in the firm’s core business value.

Glenmark wing gets last US FDA approval for oral contraceptive

Glenmark genetics Limited told on Wednesday that the US Food and Drug Administration has endorsed its US wing’s drug Briellyn, a generic version of the female oral contraceptive Ovcon.

Administration, investors to get surplus land sale proceeds, Tata Communications

Tata Communication (Tata Comm), which is wedged in a disagreement with the administration on 773 acres of surplus land it obtained in 2001, told that demerger of the surplus land will go the administration and investors.

SBI retail bond issue runs off retail shareholders in cheerful mood

The much anticipated SBI retail bond issue final subscription numbers have returned. The good news for retail shareholders is that the firm has created full allocation of bonds costing Rs 4497 crore regardless of retail category oversubscribed by 4.5 times.

ZEN Technologies to export on exchange from March 23, 2011

Trading Members of the Exchange are hereby notified that effective from March 23, 2011, the equity shares of ZEN Technologies Limited (Scrip Code: 533339) are listed and admitted to agreements on the exchange in the list of ‘B’ Group Securities.

Marico umlikely to increase product costs quickly, according to chairman Mariwala

Rapid stirring consumer merchandise firm Marico is expected to increase product costs in the upcoming days, according to Chairman Harsh Mariwala on Wednesday.

Godrej to increase soap costs, form realty Joint Ventures

Personal care products manufacturer Godrej Consumer Products aims to increase soap costs by 4 - 5 percent beginning in April, in an attempt to fight increasing raw material prices, according to a prominent official on Tuesday.

India’s iron ore trades observes to be less that 100m tonnes, Sesa Goa says

Iron ore trades from India, the globe’s third-biggest provider of the steel making material, will be less than 100 million tonnes in the following financial year beginning April if rates remain at recent levels, according to a prominent executive at Sesa goa on Wednesday.

Buffet charms India, tells that this is a dream market for shareholders

The 80-year-old billionaire shareholder Warren Buffet is on his maiden trip to India. According to Buffet, the chairman and chief executive officer of Berkshire Hathaway, India is a ‘dream market for investors’. The market is rising, obtaining additional wealth by the day, businesses are improving, Buffet told.

Crompton Greaves announces interim dividend at Rs 0.60 per share

Crompton Greaves Limited has notified the Exchange that the Board of Directors have announced an interim dividend of 30 percent i.e. Rs 0.60 per share on March 23, 2011.

PSL subsidiary obtains Saudi Arabian purchase worth USD 80 million

Psl Limited has notified the Exchange via its letter dated March 22, 2011, that “PSL’s Subsidiary receives Saudi Arabian order worth USD 80 million.”

BSE Sensex surges 0.84% as every sector in upbeat mode

The BSE 30-share Sensex was up 149.25 points or 0.84% to 17,988.30. The index rose 39.75 points at the day's low of 17,878.80 in morning trade. The Sensex gained 202.33 points at the day's high of 18,041.38 in mid-afternoon trade.

The S&P CNX Nifty was up 49.10 points or 0.92% to 5,413.85 after gyrating between 5,428.15 and 5,376.15 during the day.

The BSE Mid-Cap index rose 0.79% and the BSE Small-Cap index rose 0.54%. Both these indices underperformed the Sensex.

All the 13-sectoral indices on the BSE logged gains. The BSE Realty (up 2.19%), the BSE Auto (up 1.53%), and the BSE Healthcare (up 1.10%), outperformed the Sensex. The BSE IT (up 0.40%), the BSE FMCG (up 0.44%), and the BSE Bankex (up 0.39%), underperformed the Sensex.

The total turnover on BSE amounted to Rs 2934 crore, lower than Rs 3221.94 crore on Monday, 21 March 2011.

Sterlite Industries (up 1.47%), Cipla (up 2.21%), and ITC (up 1.19%), edged higher from the Sensex pack.

Market Breadth:

Positive 1581 Negative 1323 Unchanged 116
From the 30 share Sensex pack, 25 rose and rest fell.

Patel engineering obtains purchase worth Rs 160.69 crore from Administration of Karnataka

Petel Engineering Limited has notified the Exchange concerning a press release dated March 22, 2011 with the title, “Patel Engineering bags Rs 160.69 crore Tinthini-Kalmala Road upgradation works from Government of Karnataka.”

Jyothy Laboratories wing purchases Delhi laundry player

Jyothy Laboratories, owners of the Ujala brand, is on a buying spree. After choosing a strategic venture in Henkel India just in the previous week, Jyothy Laboratories in Mumbai, the laundry wing of Jyothy Fabricare Services Limited (JFSL) has purchased laundry player in Delhi, Diamond Fabcare Private Limited (DFPL) for an unannounced amount.

Kotak property wing to increase equal to USD 500 million for India purchases

Kotak Realty Fund, the property investment wing of India’s Kotak Mahindra Bank, aims to increase as much as USD 500 million by the second period of this year, in a bet on the extensive term case for property in Asia’s third biggest economy, according to a prominent official.

Tata Power to create India’s first floating solar plant

Tata Power at the moment told that it is going to create the nation’s first low-cost, high-efficiency floating solar plant in its joint venture with an Australian firm which invented the technology.

Rectification in Maruti share may be finished, according to analysts

Shares of Maruti Suzuki India, which have been on a dicey path in current weeks, rebounded 3.6 percent Tuesday to close at Rs 1,171,85, following the management made clear that the earthquake and Tsunami in Japan would not have any effect on its manufacturing here.

CII for heighten in flow of capital in housing segment

Given the augmentation in the land costs, the Confederation of Indian Industry (CII) at the moment told that there was a necessity to enhance the infrastructure and augmentation in flow of capital in housing segment.

Reliance Industries facility unit may begin Wednesday

A fluid cracker (FCC) at India’s Reliance Industries’ old facility could begin product production from Wednesday, according to an industry source. The FCC unit of around 200,000 barrels per day (bpd) at Reliance’s older refinery at Jamnagar was closed down for maintenance in early February.

Lok Sabha submits Finance Bill 2011

The Lok Sabha on Tuesday submitted the Finance Bill 2011. Declaring the aspects of the bill, According to Finance Minister Pranab Mukherjee, the administration has decided on for essential financial consolidation in fiscal year 2012.

Elder Pharma to increase Rs 1.05 billion bonds

Indian drug manufacturer Elder Pharmaceuticals aims to increase Rs 1.05 billion via seven-year bonds at 11.25 percent, according to two sources who has direct information on the agreement. The bond facets refunds in 10 equal semi-annual installments beginning two years following the issue date.

State oil companies daily sales earning loss at Rs 4.08 billion

The oil company managed by the government of India were in agony of a daily profit loss of Rs 4.08 billion on trading fuel at lower rates, according to the finance head of the government-owned firm on Tuesday, as domestic rates have not been amended in line with international oil costs.

Power Finance Corporation submits DRHP for FPO

A financial institution operated by the administration giving finance only to power sector Power Finance Corporation (FPC) has submitted deaft red herring prospectus (DRHP) with the SEBI for additional public issue of 229, 553, 340 equity shares of face value of Rs 10 each.

Stay away from Shilipi Cable IPO, MLR Securities says

The Rs 55.88 crore initial public offering of cables producer Shilpi Cable Technologies launched for subscription. MLR Securities has proposed staying away from the issue, quoting a small player in radio frequency (RF) cable segment with restricted operational history, exposure to vivacity in raw material costs, lofty leveraged and high-priced appraisals, in its study account dated March 22.

RBI says to control inflation and protect progress

The Reserve Bank of India (RBI) will do whatever it takes to guarantee inflation is controlled without impacting on development negatively, according to Duvvuri Subbarao on Tuesday. India’s wholesale price index increased annual 8.31 percent in February on lofty fuel and manufactured product costs.

Cairn anticipates Vedanta transaction to be commended

Cairn Energy is likely to receive Indian approval for a long-delayed transaction to trade a venture in its Indian unit, according to the UK explorer on Tuesday, as it declared a swing to yearly revenue. Cairn commended seven months ago to trade up to 51 percent in Cairn India to Vedanta Resources for up to USD 9.6 billion.

India acts bill to calm voting rights in private bank

The administration on Tuesday required parliamentary endorsement to change a banking policy for permitting shareholders in private banks to have voting rights relative to their investments, a long-awaited action to assist developing the sector.

Yanzhou, Aditya Birla group aim Whitehaven proposal

China’s Yanzhou Coal Mining Corporation and Aditya Birla group are one of the parties arranging to file second-round proposal for Australian coal miner Whitehaven Coal which is looking for bids of over USD 3.5 billion, according to sources on Tuesday.

BILT paper plans USD 330 million London IPO

BILT Paper Plc aims to increase no less than USD 330 million from a London listing to fund its expansion and pay down liability. BILT Paper, a unit of India’s biggest paper manufacturer Ballarpur Industries, has raised its paper output aptitude by almost 90 percent on the last two years and aims to increase it by additional 50 percent by the end of 2014.

Pranab takes out offer to levy service tax on healthcare

Bowing to stipulation from all periods, Finance Minister Pranab Mukherjee at the moment declared withdrawal of the offered 5 percent service tax on airconditioned hospitals with over 25 beds and on diagnostics services.

BSE Sensex drops 0.22% as almost each sector in downturn again

The BSE 30-share Sensex was down 39.76 points or 0.22% to 17,839.05, its lowest closing since 28 February 2011. The index slipped 86.64 points at the day's low of 17,792.17 in morning trade. The Sensex gained 128.92 points at the day's high of 18,007.73 at the onset of the trading session.

The S&P CNX Nifty was down 8.95 points or 0.17% to 5,364.75, its lowest closing level since 28 February 2011. The Nifty hit a low of 5,348.20 in morning trade.

The BSE Mid-Cap index slipped 0.27% and the BSE Small-Cap index declined 0.29%. Both these indices underperformed the Sensex.

Nine of the 13-sectoral indices on the BSE logged declines. The BSE Realty (down 0.91%), the BSE IT (down 0.72%), and the BSE TecK (down 0.63%), underperformed the Sensex. The BSE Healthcare (up 0.15%), the BSE FMCG (up 0.01%), and the BSE Bankex (up 0.04%), outperformed the Sensex.

The total turnover on BSE amounted to Rs 3041 crore, lower than Rs 3234.25 crore on Friday, 18 March 2011.

Cipla (down 1.97%), Hindustan Unilever (down 1.12%), and Larsen & Toubro (down 0.68%) edged lower from the Sensex pack.

Market Breadth:

Positive 1212 Negative 1698 Unchanged 102
From the 30 share Sensex pack, 17 fell and rest rose.

EID Parry India announces interim dividend at Rs 2 per share

EID Parry India Limited has notified BSE that the Board of Directors of the Company at its meeting held on March 19, 2011 have announced an interim dividend of Rs 2/- per equity share of Re 1/- each fully paid (200 percent) on the equity capital for the financial year ending March 31, 2011.

IOC, HPCL, BPCL postpone refinery fold up

Three prominent oil firms Indian Oil Corporation (IOC), Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL) have postponed from closing down some of their refineries to meet domestic fuel demand.

Sadbhav Engineering - GKC Projects Joint Ventures obtains purchase worth Rs 869.23 crore

Sadbhay Engineering Limited has notified BSE that the Company has been granted the Two projects/ works by the Executive Engineer, Narmada Development Division 20, Mandleshwar, M.P. in joint venture with GKC Projects Limited - Hyderabad for combined contract value of Rs 869.23 crores.

Godawari Power combines with Hira Industries, R.R. Ispat

Godawari Power and Ispat Limited has notified BSE concerning “Merger of Hira Industries Limited (HIL) and R.R. Ispat Limited (RRIL) with Godawari Power and Ispat Limited (GPIL)”

Monnet Ispat & Energy obtains Indonesian Coal Company

Monnet Ispat Limited has notified BSE concerning a Press Release dated March 21, 2011 with the title “Monnet Ispat & Energy Limited acquirement Indonesian Coal Company.”

Elara Capital toying with plan of arranging PE Fund

Investment bank Elara Capital in London at arranging a private equity fund in India through a partnership model. Elara Capital is also a catalogued FII in India.

Rs 700 crore fine inflicted on telecos for infringement of laws, administrations

Acting though, the administration has inflicted fines of Rs 700 crore on different telecom operators for transporting out illegal and concealed activities in their services, especially for non-compliance of the subscriber verification process.

Helix Investments obtains industry pro Andrey Purushottam as ED

Helix Investments Advisors Private Limited, an India focused private equity company firm with interests in education companies like MT Educare and LearningMate, has assigned Andrey Purushottam, a senior with 24 year personal experience across different areas, as Executive Director.

CRISIL appoints grade 3.5 to One97 Communication

CRISIL Equities has appointed a grade 3/5 to the suggested initial public offering (IPO) of One97 Communications, which points out that the essentials of the IPO are standard comparative to other listed equity securities in India, the research account on March 18 said.

ICRA appoints grade 2 to Vaswani Industries IPO

ICRA has appointed grade 2, representing lower than standard essentials to the suggested initial public offering of Vaswani Industries (VIL), in its study account dated March 21.

Ortel Communications submit IPO papers with SEBI

Cable television contractor Orte Communications has submitted draft red herring prospectus with the SEBI for its public issue, which includes a new issue Rs 100 crore and a bid for sale of equal to 8, 182, 598 equity shares by NSR - PE Maurutius LLC.

Japan quake postpones Titagarh steel bridge Joint Venture

Indian wagon manufacturer Titagarh Wagons’ aims to arrange a joint venture with a Japanese company will take longer than expected because of the colossal earthquake that hit Japan previously this month, according to a senior official.

Standard chartered chooses 3 percent venture in USE

Standard Chartered Bank (Mauritius) has chosen a 3 percent venture in the United Stock Exchange (USE), thereby turning into the first foreign bank to invest in the Exchange, a press release submitted here stated.

RIL drops top spot to Tata as best Indian brand

The latest Brand Finance Global 500 report told that 9 Indian brands are ranked in the Global 500 League list. Tata Group has been ranked no. 1 as the first Indian brand to be in the top 50 global league with a brand value of $15.08 billion for this year against $ 11.2 billion in the previous year.

Honda India bike unit to trade 2.1 million units in Fiscal Year 2012

Japan’s Honda Motor Corporation’s entirely possessed Indian bike unit is likely to be put into the market at 2.1 million units in the fiscal year that starts in April and will compensate Rs 2000 crore (USD 444.3 million) to enhance manufacturing and increase aptitude, according to a firm’s official on Monday.

Berkshire is not going to exercise Goldman Sachs warrants right away

Berkshire Hathaway is not going to exercise its USD 5 billion of warrants in Goldman Sachs right away, even if doing so would lead in a revenue of almost USD 2 billion, according to billionaire shareholder Warren Buffett.

Madhucon Projects obtains purchase worth Rs 1500 crore for NHAI annuity venture in Jharkhand

Madhucon Projects Limited has notified the Exchange vide its letter which was dated March 21, 2011, concerning a press released with the title “MADHUCON PROJECTS LIMITED BAGS 163.50 KMs OF NHAI ANNUITY PROJECT OF AROUND Rs 1500 CRORES IN JHARKHAND”

Gujarat Gas goes into deal with BG India energy for compensation of re-gasified LNG

Gujarat Gas Company Limited has notified the Exchange that in order to achieve the natural gas requirement for its markets, the firm has entered into a deal with BG India Energy Solutions Private Limited (BGIESPL), for the compensation on a firm basis of re-gastified LNG (RLNG).

BSE Sensex deeply plunges 1.49% as every sector in downturn

The BSE 30-share Sensex was down 271.06 points or 1.49% to 17,878.81. The index lost 300.34 points at the day's low of 17,849.53 in late trade. The Sensex gained 109.74 points at the day's high of 18,259.61 in early trade.

The S&P CNX Nifty was down 72.95 points or 1.34% to 5,373.70 after gyrating between 5,483.05 and 5,366.40 during the day.

The total turnover on BSE amounted to Rs 2856 crore, lower than Rs 3000 crore on Thursday, 17 March 2011.

The BSE Mid-Cap index slipped 0.43% and the BSE Small-Cap index declined 0.78%. Both these indices outperformed the Sensex.

All the 13-sectoral indices on the BSE logged declines. The BSE Oil & gas (down 2.67%), the BSE Auto (down 2.01%), and the BSE Realty (down 1.65%), underperformed the Sensex. The BSE Metal (down 0.12%), the BSE FMCG (down 0.55%), and the BSE PSU (down 0.61%), outperformed the Sensex.

Among the 30-member Sensex pack, 28 declined while only two of them managed gains. Tata Power (up 0.17%), and Tata Steel (up 0.04%), edged higher from the Sensex pack.

Market Breadth:

Positive 1079 Negative 1818 Unchanged 107
From the 30 share Sensex pack, 28 fell and rest rose.

BPCL purchases April diesel cargo at high premium

Bharat Petroleum Corporation (BPCL) has purchased only of the four diesel cargoes it was searching through tender for April delivery at a very high premium as merchants instead target additional lucrative sales to Japan, which was damaged by the earthquake recently.

Qualcomm’s 4G licenses on block might be bought by Bharti

Bharti Airtel is in discussions to purchase Qualcomm’s yet-to-be-launched broadband wireless access (BWA) licences in India. Qualcomm India took part in the BWA auction in the previous year and got licenses for four markets (Mumba, Delhi,Kerala and Haryana) for Rs 4, 912 crore.

India increased viewpoint clouded by oil price, inflation

Local and international factors are scheming to darken India’s once-shining increased viewpoint, with price increase and slow investment is expected to continue economic expansion well beneath the administration’s aim of 9 percent in the coming year.

BankBazaar.com increases USD 6 million from Walden International

BankBazaar.com, an online loan information and processing website, has increased USD 6 million in its first project capital round from international fund Walden International www.waldenintl.com.

Accion, Michael & Susan Dell foundation endow in Vindhya

BPO Vindhya e-Infomedia (Vindhya) in Bangalore, which takes up people who are differently-abled, has increased an unrevealed amount of project funding from social sector investors Accion International and Michael & Susan Dell Foundation.

Consumer durable retailers expects no supply restrictions

Indian consumer durable retailers expect no supply restrictions because of Japan’s earthquake and tsunami that strike the north of the nation on Friday.

Consumer durable retailers expects no supply restrictions

Indian consumer durable retailers expect no supply restrictions because of Japan’s earthquake and tsunami that strike the north of the nation on Friday.

Engineers India announces interim dividend at Re 1 per share

Engineers India Limited has notified the Exchange that the Board of Directors of the Firm in its conference which happened on March 17, 2011, has announced Interim Dividend of Re 1 (Rupees One Only) per share ( on the face value of Rs 5/- each) of the Firm for the fiscal year 2010-11.

Subex obtains multi-million dollar transaction from Middle East operator

Subex Limited has notified BSE concerning a Press Release which was dated March 18, 2011 with the title “Subex wins Multi-Million Dollar deal from Middle East operator for Revenue Operations Centre (ROC) for absolute Business Optimization.”

Bharati Shipyard-Apeejay shipbuilding Joint Venture suspended

Bharati Shipyard’s joint venture to create ships with advance tonnage in West Bengal and Orissa has been set suspended because of vague stipulation for such vessels and land acquirement issues, according to a senior representative on Friday.

Engineers India; March 25, 2011 log date for compensation of interim dividend

Engineers India Limited has notified the Exchange that the compensation / dispatch date for Interim Dividend - 2010 - 11 shall be March 25, 2011.

Dhunseri Investments to sell on exchange from March 18, 2011

Trading Members of the Exchange are hereby notified that effective from March 18, 2011, the equity shares of Dhunseri Investments Limited (Scrip Code: 533336) are listed and admitted to transactions on the Exchange in the list of “T” Group Securities.

Voltas is expected to increase costs of air-conditioners in April

Voltas aims to increase costs of its air-conditioners by additional 3 percent in April, the second this year, to counterbalance the augmentation in metal costs it consumes, according to a prominent company representative.

Hindustan Composites traded its Jalna unit to Spitmaan Group of Companies

Hindustan Composites Limited has notified the Exchange that the Company has traded its Jalna unit for a sum consideration of Rs 583 Lacs to Spitmaan Group of Companies.

Seamec comes into deal with National Petroleum

Seamec Limited has notified the Exchange that the Firm has came into a Deal with National Petroleum Construction Company (NPCC) Abu Dabhi, U.A.E. for Charter hire of its vessel “SEAMEC PRINCESS” for working in Mumbai High. The deal is expected to start from March 17, 2011.

Globus Constructors submit new equity shares on preferential basis

Globus Constructors & Developers Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on March 18, 2011, for the submission of new equity shares on preferential basis and the conversion of existing Preference Shares into Equity Shares.

Apar Industries obtains order costing Rs 2500 million from Power Grid Corporation

Apar Industries Limited has notified BSE that Conductor Division of the Company has obtained purchase costing 2,500 Millions from Power Grid Corporation of India Limited (PGCIL) for production and supply of ACSR Conductors Further, the Company has obtained purchases from other customers for supply of High Temparature Conductors (HTC) costing Rs 250 millions.

Sinclairs Hotels announces interim dividend at Rs 3.50 per share

Sinclairs Hotels Limited has notified BSE that the Board of Directors of the Company at its conference which happened on March 17, 2011, have announced an interim dividend of Rs 3.50 per equity share (35 percent) of Rs. 10 for the fiscal year 2010-2011.

Ramky Infra obtains purchase costing Rs 288 crore

Ramky Infrastructure Limited has notified the Exchange concerning a press release which was dated March 17, 2011 with the title “Ramky bags orders worth Rs 288 crore.”

Pochiraju Industries to mull over conversion of share warrants

Pochijaru Industries Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on March 29, 2011, inter alia, to mull over the following business -Conversion of Share Warrants.

Reliance Infra obtains EPC deal costing Rs 7200 crore from Reliance Power

Reliance Infrastructure Limited has notified BSE concerning a Media Release dated March 17, 2011 with the title, “Award of EPC contract of Rs 7,200 crore (USD 1.6 billion) for the Samalkot Power Project to Reliance Infrastructure Limited”

Selan Exploration Technology announces second interim dividend at 15 percent

Selan Exploration Technology Limited has notified BSE that the Board of Director of the Firm at its conference which happened on March 17, 2011, have announced a Second Interim Dividend of 15 percent for the year 2010-11.

Hindustan Construction obtains contract costing Rs 152.59 crore from Hindalco Industries

Hindustan Construction Company Limited has notified the Exchange vide its letter which was dated March 17, 2011 concerning “Award of two new contracts worth Rs 152.59 Crore from Hindalco Industries Limited.”

HCL Infosystems obtains purchase costing Rs 300 crores from Indian Air Force

HCL Infosystems Limited has notified the Exchange concerning a press release which was dated March 17, 2011 with the title “HCL Infosystems bags Rs 300 crores (approx USD 66 million) purchase from Indian Air Force under its Systems Intergration Defence Practice.”

Selan Exploration; March 25, 2011 log date for compensation of second interim dividend

Selan Exploration Technology Limited has notified the Exchange that the Log date for the intention of Second Interim Dividend, if announced, by the Board of Directors in their conference which will happen on March 17, 2011 has been set as March 25, 2011.

Gitanjali Gems purchases 100 percent venture in N & J Finstocks

Gitanjali Gems Limited has notified BSE that the Company has purchased 100 percent venture in N & J Finstock Private Limited By virtue of this acquirement of shares, “N & J Finstocks Private Limited”, previously a group of endorser Company has turned into an absolute possession subsidiary of the Firm.

Jyothy Labs purchases 14.9 percent venture in Henkel India

Jyothy Laboratories Limited has notified the Exchange concerning a press release which was dated March 16, 2011 with the title, “Jyothy Laboratories Limited acquires 14.9 stake in Henkel India Limited.”

BSE Sensex soars 1.05% as every sector in upturn

The BSE 30-share Sensex was up 191.05 points or 1.05% to 18,358.69. The Sensex rose 276.83 points to 18,444.47 in mid-afternoon trade. The Sensex rose 96.04 points at the day's low of 18,263.68 in early trade.

The S&P CNX Nifty was up 61.50 points or 1.13% to 5,511.15 after gyrating between 5,535.10 and 5,475.95 so far during the day.

The total turnover on BSE amounted to Rs 3328 crore, lower than Tuesday's Rs 3658 crore.

The BSE Mid-Cap index rose 1.37% and the BSE Small-Cap index gained 1.26%. Both the indices outperformed the Sensex.

All the 13 sectoral indices on the BSE logged gains. The BSE Realty (up 2.47%), the Bankex (up 2.15%), and the BSE Consumer Durables (up 1.90%), outperformed the Sensex. The BSE Oil & Gas (up 0.67%), the BSE FMCG (up 0.21%), and the BSE Metal (up 0.75%), underperformed the Sensex. Hindalco (down 0.51%), Cipla (down 0.37%), and Hero Honda Motors (down 0.37%), edged lower from the Sensex pack.

Market Breadth:

Positive 1821 Negative 1106 Unchanged 95
From the 30 share Sensex pack, 24 rose and rest fell.

Macquarie India aims 75 percent earning in PTC Finance Services part exit

Macquarie India Holdings will be making equal to Rs 81.76 crore in its part exit from PTS Financial Services with an approximated 75 percent earning on its three-year-old investment.

Stanchart increases India inflation prediction for FY12 to 7.9 percent

Standard Chartered on Wednesday upwardly amended its prediction for India’s 2011/12 inflation viewpoint on the rear of increasing oil costs internationally and increased demand side pressures.

L&T; Info tells special flight to return employees in Japan

India’s software services company L&T Infotech a unit of engineering major Larsen & Toubro, told on Wednesday it would return home all 185 expatriate employees as well as their families from Japan.

Kirloskar Pneumatic comes into deal with Indian Railway for haulage of Roadrailer train

Kirloskar Pneumatic Company Limited has notified BSE concerning a Deal entered into between Kirloskar Pneumatic Corporation Limited and Indian Railway for haulage of RoadRailer train.

GEI Industrial Systems obtains purchase worth Rs 450 million from Ultratech Cement

GEI Industrial Systems Limited has notified BSE that GEI secures purchases worth Rs 45 crore for providing Air Cooled Vacuum Stream Condensers from Ultratech Cement Limtied, Top Worth Urja & Metals Limited and Crest Steel & Power Private Limtied.

Brahmaputra Infraproject obtains purchase worth Rs 184 crore from Relaince Utility Engineers

Brahmaputra Infraproject Limited has notified BSE that the Company has obtained a purchase amounting to Rs 184.00 Crores from Reliance Utility engineers (P) Limited for the “Construction Contract of 6 Laning of Pune-Satara Raod (NH-4. Package 2B”).

CIC energy extends more JSW Energy agreement closing

CIC Energy Corporation extended more the closing date for its acquirement by JSW Energy by two and a half months, as the Canadian coal miner tries to transact an arbitration notice submitted by its partner in a power venture in Botswana.

Titan industries to launch 250 stores in 2011 -12

Watch and jewellery producer Titan Industries aims to launch 250 stores across India in 2011 - 12 (April-March), compared with 150 stores in the previous fiscal year, according to a senior official.

Educomp Solutions on business deal with Administration of Gujarat and Assam

Educomp Solutions Limited has notified BSE that Educomp obtains Multimedia Content Development Project from Government of Gujarat and Assam.

Sree Rayalaseema Hi-Strength Hypo announces interim dividend at Rs 1.50 per share

Sree Rayalaseema Hi-Strength Hypo Limited has notified BSE that the Board of Directors of the Firm at its conference which happened on March 16, 2011, inter alia, announced an interim dividend at Rs 1.50 per Equity share of Rs 10/- each i.e. 15 percent on face value of each share.

FMCG biggies aim Hipolin

Mounting contest, increasing input rates and compressing margins are deemed to have put this company in Ellisbridge, which was once one of the largest brands in Ahmedabad, on the block.

Apax may perform key role in takeover of Henkel India brands

Apax Partners is anticipated to toss its weight behind one of the bidders who will be involved in purchasing various brands of Henkel India, initially in the laundry and personal care segments.

Wipro Consumer Care & Lightning draws Bangalore corporation to court

Wipro Consumer Care & Lightning (WCCLG), the FMCG division of Wipro, has drawn furniture producers V3 Engineers (P) in Bangalore to court for encroachment of their registered designs.

UBS newest to slash India’s FY12 increase forecast to 7.7 percent

UBS on Wednesday merged the increasing list of brokerages lessening India’s 2011/12 economic increase prediction, paring Asia’s third biggest increase in monetary system to 7.7 percent from 8 percent as interest rates and lofty oil costs start to hit.

Amul starts biggest distribution exercise

Amul has started its biggest distribution expansion exercise to obtain its chilled merchandises such as butter, cheese, ice-cream and paneer to small towns and districts with population of equal to 5,000 people.

Gilead, Roche’s suit on anticipated lines, Natco Pharma says

Gilead Sciences and Roche Holding have allegedly sued Indian drug manufacturer Natco Pharma for the Tamiflu generic and they have submitted a patent encroachment suit in US District Court.

Toyota Kirloskar up aptitude by 40 percent this year

Toyota Kirloskar Motor on Wednesday told that is ramping up its manufacturing aptitude to 2, 10, 000 ubits per year from the recent 1, 50, 000 units in the wake of sturdy stipulation for its vehicles such as the Etios sedan opened late last year.

Plethico Pharma to mull over dividend

Plethico Pharmaceuticals Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on March 31, 2011.

BSE Sensex severely slides 1.47% as all sectors on red but oil and gas

The BSE 30-share Sensex was down 271.84 points or 1.47% to 18,167.64, its lowest closing since 28 February 2011. The index slumped 518.93 points at the day's low of 17,920.55 in morning trade. The Sensex fell 113.15 points at the day's high of 18,326.33 in mid-afternoon trade.

The S&P CNX Nifty was down 81.85 points or 1.48% to 5,449.65. The Nifty hit a low of 5,373.65 in early trade, its lowest level since 1 March 2011.

The total turnover on BSE amounted to Rs 3644 crore, higher than Monday's turnover of Rs 2982 crore

The BSE Mid-Cap index fell 1.43%, outperforming the Sensex and the BSE Small-Cap index declined 1.63%, underperforming the Sensex.

Twelve out of the 13 sectoral indices on the BSE logged declines. The BSE Realty (down 3.14%), the BSE Metal (down 2.03%), and the BSE Auto (down 2.02%), underperformed the Sensex. The BSE Oil & Gas (up 0.32%), the BSE Consumer Durables (down 0.65%), and the BSE Healthcare (down 1.35%), outperformed the Sensex.

Market Breadth:

Positive 886 Negative 1983 Unchanged 101
From the 30 share Sensex pack, 29 fell and rest rose.

NALCO put up for sale aluminium at USD 109 premium

National Aluminium Corporation (NALCO) sold 3,000 tonnes of aluminium ingots at USD 109 per tonne premium on the standard LME cash price on a cost, insurance and freight basis, according to a firm source on Tuesday.

Yen trades lower in opposition of US dollars

Japanese shares lessened over 10 percent on Tuesday as new outburst hit a damaged nuclear plant and targeted an increase in radiation level, sending shareholders fleeing from riskier assets like equities and commodities across Asia.

Mahindra & Mahindra completes purchase of majority venture in SsangYong Motor Company

Mahindra & Mahindra Limited has notified BSE concerning a Press Release which was dated March 15, 2011 with the title “India’s Mahindra & Mahindra Limited completes acquisition of majority stake in SsangYong Motor Company.”

Central Bank of India signs right issue

Central Bank of India has notified the Exchange that the Commitee of Directors of the Bank constituted for the Rights Issue, in its conference which happened on March 14, 2011 has signed “24th March 2011 as Issue Opening Date” and “7th April 2011 as Issue Closing Date.”

GSS America Infotech name altered to GSS Infotech

GSS America Infotech Limited has notified the Exchange that the Firm name has been altered into “GSS Infotech Limited” from “GSS America Infotech Limited”, vide ROC letter dated March 10, 2011.

Subex gets USD 12 million revenue operations center (ROC) license agreement

Subex Limited has notified BSE concerning a Press Release dated March 15, 2011 with the title “Subex wins USD 12 million Revenue Operations Center (ROC) License Contract.”

India Nippon Electricals will compensate interim dividend on April 08, 2011

India Nippon Electricals Limited has notified the Exchange that the date of dividend warrant for the second interim dividend for the year April 2010 - March 2011 will be April 8, 2011.

Property costs to dip; except realty scripts which is almost underneath, CLSA says

Realty shares may have been one the most horrible performers for the previous consecutive months except they may be near to bottoming out, according to brokerage house CLSA.

Mahindra Satyam gets deal from Aspire Zone foundation, Qatar

Satyam Computer services Limited has notified the Exchange concerning a press release which was dated March 15, 2011, with the title “Mahindra Satyam wins contract from Aspire Zone foundation, Qatar.”

Subex obtains Rs 54 crore ROC license deal

Software services company Subex told on Tuesday that it has obtained a USD 12 million (roughly Rs 54 crore) purchase from a global cellular services operator to execute its Revenue Operation Center (ROC) platform for Fraud Management and Revenue Assurance.

Tata Motors put on the market 14 percent additional vehicles in February internationally

Tata Motors’ put on the market 1.02 lakh vehicles internationally (as well in India) in February, 14 percent more than what it sold in February in the previous year. The firm told demand was fine both in the passenger and commercial vehicle segments.

Infosys CEO tells staffs in Japan are coming back to India

The employees of Infosys Technologies in Japan are coming back to India, according to its chief executive, while panic swept Tokyo following an ascend in radioactive levels around the nuclear plant that was damaged by the earthquake.

I-T smacks notices of Rs 122 crore on firms owned by Jagan

The income tax department has smacked show cause and demand notices at the price of Rs 122 crore to past Congress MP YS Jaganmohan Reddy-owned Jagathi Publications (JPPL) for asserted mismatching rates accounted in firm records.

Bharat Heavy Electricals announces interim dividend at Rs 13.25 per share

Bharat Heavy Electricals Limited has notified the Exchange that the Board in its conference held on March 15, 2011, has announced and approved compensation of interim dividend at 132.5 percent i.e. Rs 13.25 per equity share for the fiscal year 2010-11.

IOC FY12-condition crude oil imports increased at 4.2 percent

Indian Oil Corporation (IOC) is going to import additional 4.2 percent crude oil in term agreements for the following financial beginning April over a year past, according to two sources who were related with the scheme, to provide for its expanded aptitude.

Nirma dubs MOEF directions as ‘illegal’

In reply to a direction by the Ministry of Environment and Forest (MOEF) to impede operation over its cement policy at Bhavnagar district in Gujarat, Nirma has told that the purchases had no binding on the firm and dubbed it as absolutely ‘illegal’.

Bank expect revenue squeezed on high rates in H1 FY12

India banks could expect earnings hassled in the first half of FY12 except inferior government lending; increasing buyer stipulation and anticipations that interest rates will alleviate could enhance revenue in the second half.

IAG might endow in India carriers if FDI policies alleviates

International Airlines Group (IAG), created by the joint venture of British Airways and Iberia, may mull over endowing in Indian carriers if overseas investment policies are alleviated, according to its chief executive on Tuesday.

BSE Sensex rises 0.16% as majority of the sectors in upturn

The BSE 30-share Sensex was up 30.30 points or 0.16% to 18,469.95. The Sensex gained 143.65 points at the day's high of 18,583.30 in early trade. The index lost 135.85 points at the day's low of 18,303.80 in early afternoon trade.

The S&P CNX Nifty was up 10.20 points or 0.18% to 5,531. The Nifty swung between 5,563.30 and 5,477.45 during the day.

The BSE Mid-Cap index rose 0.65% and the BSE Small-Cap index gained 0.82%. Both these indices outperformed the Sensex.

Most of the sectoral indices on BSE were in the green. The BSE Realty index (up 1.74%), Consumer Durables index (up 0.88%), Auto index (up 0.72%), Power index (up 0.48%), Capital Goods index (up 0.4%), Oil & Gas index (up 0.32%), Metal index (up 0.26%) and Bankex (up 0.25%), outperformed the Sensex.

The BSE Healthcare index (down 0.36%), IT index (down 0.14%), TECk index (up 0.02%), FMCG index (up 0.04%) and PSU index (up 0.07%) underperformed the Sensex.

Market Breadth:

Positive 1641 Negative 1230 Unchanged 108
From the 30 share Sensex pack, 16 rose and rest fell.

m

China Development Bank approves final documentation for Reliance Communication deal

Reliance Communication Limited has notified BSE concerning a Press Release which was dated March 09, 2011 with the title “China Development Ban signs final documentation for fully underwritten over Rs 8700 crores (USD 1.93 Billion) loan facility for Reliance Communications.”

El Forge to mull over rights issue

El Forge Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on March 16, 2011, to mull over on the Quantum, Pricing and Ratio of Rights to be proposed to the Equity Shareholders of the Firm.

Engineers India; March 23, 2011 log date for interim dividend

Engineers India Limited has notified the Exchange that the Log Date of Interim Dividend 2010-11 would be March 23, 2011, if Board announces the Interim Dividend at its board meeting scheduled on March 17, 2011.

Central Bank of India; March 18, 2011 Log Date for rights issue

Central Bank of India has notified the Exchange that the Committee of Directors of the Bank represented the Right Issue, in its conference which happened on March 08, 2011 signed Rs 103.00 as issue price for each rights equity shares and March 18, 2011 to be the Log Date for the intention of deeming the investors who are qualified to apply for Equity Shares on rights basis in the suggested issue.

Digital Marketing activation increases Series A from Inventus

Digital marketing and analytics provider Sokrati has obtained its initial round of financing or Series A from Inventus Capital Partners. The quantity augmented was not declared.

Orient Abrasives announces interim dividend at Re 1 per share

Orient Abrasives Limited has notified BSE that the Board of Directors of the Firm at its conference which happened on March 09, 2011, has announced interim dividend at Re. 1 (100 percent) per equity share of Re. 1 each of the Firm.

Shree Nath Commercial to mull over allocation of bonus shares in ratio of 1:1

Shree Nath Commercial & Finance Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on March 18, 2011, for the allocation of Bonus Shares (in Ratio of 1:1) as on Log Date i.e. March 17, 2011.

FDI in India sinks 48 percent in January, April - January immerse by 25 percent

With economic upturn in the rich nations, particularly European countries, staying on being flimsy, FDI inflows to India sunk by 48 percent to USD 1.04 billion in January on the identical period in the previous year.

Dhanlaxmi Bank increases base rate by 50 bps

Private-sector lender Dhanlaxmi Bank told on Wednesday it has increased its base rate by 50 basis points to 8.75 percent, effective March 10. It has upheld benchmark prime lending rate unmoved at 17.25 percent, according to a press release.

Aptech assigns Pravir Arora as EVP-Enterprice Business

IT training services provider Aptech at the moment declared the prior arrangement of Pravir Arora as Executive Vice President for Enterprise Business.

Citi slashes Hero Honda to ‘sell’ from ‘hold’

Citigroup on Wednesday reduced Hero Honda to “sell” from “hold”, quoting implementation threat associating to merchandise growth and labelling for the firm in the medium term. At 2 pm (0830 GMT), carves up in Hero Honda were selling 0.3 percent higher at Rs 1,522, while the key stock index was equal to 0.1 percent.

January industrial production development witnessed at 2.9 percent

India’s industrial production almost certainly increased to 2.9 percent in January from the previous year, on higher trades and developed production sector augmentation, according to a median forecast. Industrial production increased at a slower0then-expected 1.6 percent in December.

Corporation Bank witnesses margin squeeze in H1FY12

Corporation Bank, A firm operated by the administration, is likely to squeeze on its margin in the first half of Fiscal Year 12 because of superior rate of funds and move forwards to increase by a quarter in the year, according to a prominent official on Wednesday.

Stanchart PE endows Rs 85 crore in Privi Organics

Standard Chartered Mid-Market Mid-Cap Fund has endowed Rs 85 crore in Privi Organics, a producer, provider, and trader of aroma chemicals in Mumbai, according to sources close to the development.

DLF Pramerica Life Insurance develops footprint in Gujarat

DLF Pramerica Life Insurance Company at the moment declared launching its new office here, with a goal to develop its footprints in Gujarat. The private insurer, which began operations in September 2008, by now has offices in Ahmedabad and Vadodara.

Airlines have a loan to AAI worth RS 1,122 crore

Airlines operating in the nation have a loan of Rs 1,122 crore to Airports Authority of India, Lok Sabha was notified at the moment. The obligations of Airports Authority of India (AAI) to Air India as on January 31m 2011 are Rs 720 crore, according to Minister of Civil Aviation Vayalar Ravi in a written report.

Direct tax collections reach 20.75 percent in April-February, 2010-11

Net direct tax collection increased by 20.75 percent to Rs 3, 36,117 crore in the April - February quarter of the recent fiscal year. Direct tax collections arose at Rs 2, 78, 411 crore during the same quarter in the previous financial.

L&T; Power positive to strike aptitude of 52,000 MW

Chief Executive Officer and managing director Ravi Uppal of L&T Power tells that the aptitude goal for the 11th prearrangement was estimated 78,000 megawatt but it’s possible to reach 52,000 megawatt.

BSE Sensex surges 1.19% as market rebounds with every sector advances

The BSE 30-share Sensex was up 216.98 points or 1.19% to 18,439.65. The index rose 43.95 points at the day's low of 18,266.62 in early trade. The Sensex gained 244.14 points at the day's high of 18,466.81 in late trade.

The S&P CNX Nifty was up 57.65 points or 1.06% to 5,520.80. The Nifty hit a high of 5,530.55 in intraday trade.

The BSE Mid-Cap index rose 0.97% and the BSE Small-Cap index gained 0.76%. Both these indices underperformed the Sensex.

All the sectoral indices on BSE were in the green. The BSE TECk index (up 1.98%), IT index (up 1.9%), Metal index (up 1.49%), Bankex (up 1.48%), Realty index (up 1.35%), Consumer Durables index (up 1.33%), outperformed the Sensex. The BSE FMCG index (up 0.09%), Capital Goods index (up 0.42%), Power index (up 0.58%), Healthcare index (up 0.51%), PSU index (up 0.89%), Oil & Gas index (up 0.92%) and Auto index (up 1.15%) underperformed the Sensex.

The total turnover on BSE amounted to Rs 2858 crore, higher than Rs 2442.57 crore on Monday, 7 March 2011.

Market Breadth:

Positive 1782 Negative 1066 Unchanged 113
From the 30 share Sensex pack, 25 rose and rest fell.

Core Projects close to foreign acquirements

Technology-enabled education solutions contractor Core Projects & Technologies is expecting to declare a foreign acquirement in the education space in the first period of Fiscal Year 2012, according to a prominent official.

Indian employers account sturdy hiring schemes

According to the Manpower employment Outlook Survey disclosed at the moment, the analysis of 5,112 employers across India shows that majority of Indian employers are bullish with their hiring schemes.

Aviation Ministry expects Al pilots’ deadlock will end

Civil Aviation Minister Vayalar Ravi has plead to the union of Air India to take out their calls for a public gathering. The minister told a 3-member commission has been prearranged to transact with the matters facing the pilots.

TRAI account on spectrum pricing damaged: Vodafone

Premiere cellular phone service giver Vodafone Essar has told that the Telecom Regulatory Authority of India’s specialists’ account on spectrum pricing is basically damaged and has minor discrepancies and lapses.

Adani purchases 1st Russian coal cargo

Adani Enterprises has purchased its first cargo of Russian coal in an offer to branch out its coal supply, Adani Coal and Carbon Credit Chief Executive Officer Vinay Prakash told on Monday.

Jindal is not expecting at PE funding to refinance Ispat’s liability

Vice Chairman and Managing Director Saijan Jindal of JSW Steel tells that Ispat Industries is a good advantage which has began performing. He tells that the firm is working towards refinancing Ispat’s liability.

Fidelity-backed VMC sets Rs 500 crore IPO

Vuppalamritha Magnetic Components Limited (VMC), a manufacturer of telecom equipment and power conversion productions in Hyderabad, is in the development of increasing anywhere in the middle of Rs 400 crore and Rs 500 crore via an initial public offering (IPO) to power its foreign opening out schemes.

Tata Steel to put in fresh line at German service centre

Tata Steel arranges to put in fresh line to double the slitting aptitudes of its service centre at Gelsenkirchen, in Germany. Service Centre Gelsenkirchen GmbH recently operates one slitter and one cut-to length line and the production is chiefly intended for automotive business.

Rajat Gupta quits from three corporate boards

Indian-American Rajat Gupta, the past McKinsey chief alleged of passing insider tips to Galleon Group’s billionaire hedge fund manager Raj Rajaratnam, has quit from three corporate boards, together with American Airlines.

Vedanta tells it wants 1 million thermal coal in 2011

Vedanta Aluminium wants to import more or less one million tonnes of thermal coal in 2011 for its fresh self-sufficient power facility in Orissa, according to an official in charge for the purchase of coal on Tuesday.

Greenko founders choose Aloe PE’s component venture in company

Founders of AIM-listed Indian clean energy proprietor and operator Greenko, first generation entrepreneur Anil Chalamalasetty and Mahesh Kolli, have purchased 3.75 percent supplementary venture in the TBG-backed firm from its biggest investor.

Concurrent (India) Infrastructure obtains purchase worth Rs 3.33 crore

Concurrent (India) Infrastructure Limited has notified BSE that the Firm has obtained a purchase for Rs 3.33 crores from M/s Utkal Steels Limited for the supply of GI Lattice & Pipe Structure & GI Foundation Bolt together with entire accessories as per the sanctioned specifications for their Jamshedpur Site for a landed cost of more than Rs 3.33 crores.

HOV Services to mull over amalgamation of HOV Services LLC and HOV SPV LLC

HOV Services Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on March 09, 2011, inter alia, to mull over amalgamation of HOV Services LLC and HOV SPV LLC, both possessed entirely subsidiaries of the Firm.

HEG to mull over trade in of shares

HEG Limited has notified BSE that a conference of the Board of Directors of the Firm will happen on March 14, 2011, inter alia, to deal the following business: -- To talk about and mull over, Offer to trade in Equity Shares of the Firm in terms of Section 77A, 77AA and 77B and the entire various appropriate conditions, if any, of the Companies Act, 1956 and the Securities and Exchange Board of India Regulations as well as the Securities and Exchange Board of India (Buy back of Securities) Regulations, 1998, as revised from time to time.

Mull over cash flows together with tax savings

There have been amendments suggested in the fundamental indemnity restriction for male individuals under 60 years old and senior citizens in the Union budget. Together with this there has been a decrease in the age for becoming a certified senior citizen and the making of new criteria of every senior citizen over 80 years old.

Kotak Realty drafts way out on Peepul Tree sale to Tata Group

In one of the largest real estate walking out in India, Kotak Realty Fund, the PE wing of Kotak Investment Advisors Limited, has sold its entire possessed commission Peepul Tree Properties to Tata Realty and Infrastructure Limited (TRIL) and Tata realty Initiatives Fund 1 (TRIF1) for Rs 525 crore (USD 117 million).

IT/ITeS district soaks up 58 percent of office space in Delhi NCR

Knight Frank India’s office grip account on Delhi NCR office market discloses that there is an increasing stipulation for office space by the IT/ITeS district.

Cairn-Vedanta agreement pivots on ONGC sanction at the moment.

The Petroleum Ministry may have weakened its prerequisites for commending mining group Vedanta Resources’ acquirement of Cairn India, but the USD 9.6 billion will still pivots on no-objection from associate ONGC.

BSE Sensex slids 1.43% as every sector on the losing end

The BSE 30-share Sensex was down 263.78 points or 1.43% to 18,222.67. The Sensex slumped 427.74 points at the day's low of 18,058.71 in afternoon trade. The index fell 124.80 points at the day's high of 18,361.65 in early trade.

The S&P CNX Nifty was down 75.60 points or 1.36% to 5,463.15

The BSE Mid-Cap index fell 1.41% to 6,499.15 and outperformed the Sensex. The BSE Small-
Cap index slipped 1.43% to 7,884.86, matching the Sensex's fall.

All the 13 sectoral indices on the BSE logged declines. The BSE Capital Goods index (down 2.36%), the BSE Auto index (down 2.55%), and the BSE Realty index (down 1.66%), underperformed the Sensex.

The BSE FMCG index (down 0.19%), the BSE Healthcare index (down 0.75%), and the BSE PSU index (down 0.75%), outperformed the Sensex.

BSE clocked turnover of Rs 2436 crore, lower than Rs 3165.97 crore on Friday, 4 March 2011.

Market Breadth:

Positive 893 Negative 1962 Unchanged 104
From the 30 share Sensex pack, 25 fell and rest rose.

Mahindra Satyam approves transaction with Omran

Satyam Computer Services Limited has notified the Exchange concerning the press release which was dated on March 07, 2011 with the title: Mahindra Satyam signs deal with Omran”.

Ambala cements name amended to Scan Ventures

Ambala Cements Limited has notified BSE that the name of the Company has been amended to “M/s. SCAN PROJECTS LIMITED” with effect from December 9, 2010.

BSE in the offing for SEBI’s sanction for SME exchange

Bombay Stock Exchange (BSE) is likely to open its small-and-medium-enterprises (SME) exchange platform by the second-half of 2011, according to an Exchange representative.

Corporation Bank rebuffs Pune cooperative occupation

Cooperation Bank, a firm owned by the administration, rebuffed a newspaper account on Monday it was in occupation discussions with Rupee Co-operative Bank in Pune to develop in Maharashtra.

Gujarat chalks out 34 offers for enhancing tourism

Basic amenities for tourism endorsements shall be innovated close to Mahatma Gandhi Vidyalaya in Rajkot where the Father of the country had taken informal education, and beautification of Gandhi Ashram in Ahmedabad shall be assumed, he explained.

Bank of Baroda to increase Rs 32.8 billion

Bank of Roda, a bank owned by the government, will hoist to Rs 32.8 billion via a special allocation of shares to the administration at Rs 902.14 each, according to the pronouncement on the weekend.

BPCL to slash oil loading at port for construction work

Oil operations for Bahara Petroleum Corporation (BPCL), a firm run by the administration, will be interrupted for three days this month at the port of Jawaharlal Nehru because of schemed construction work, shipping and logistics company GAC told on Monday.

Hotel Leela to put on the market 15 percent venture to increase financing

Hotel Leelaventure told on Monday that it will propose 14.95 percent of its equity to “prospective investors” by issue of new shares to aide slash liability and lessen interest rates.

Monecontrol exclusive: LIC HF continues venture funding

LIC Housing Finance, the second biggest home finance firm, has continued on lending to builders, chief executive and director VK Sharma said. The firm discover itself in the midpoint of disagreement in November 2010, when it emerged that past prominent boss Ramchandran Nair had received enticements to sign loans to ventures of particular builders.

United Phosphorus comes into deal to purchase strategic venture in Brazilian Firm

United Phosporus Limited has notified BSE concerning “United Phosphorus Limited enters into an Agreement to acquire strategic stake in Brazilian Company.”

United Kingdom’s Prime Minister writes to administration concerning India trade issues

India’s erratic and undisclosed business climate might derail the development of trade bonds between Britain and Asia’s third biggest economy, British Prime Minister David Cameron has advised his Indian corresponding person.