Tulip Telecom obtains Rs 199 crore order for data hubs

Tulip Telecom already obtained orders worth Rs 199 crore for the firm’s data hubs as well as connectivity ventures wherein a 3-year order for Rajasthan State Crime and Criminal Tracking Network & Systems which is worth Rs 48.80 crore is in the list.

Ajmera Realty eyes 15-20% turnover expansion in FY12

The managing director of Ajmera Realty & Infra, RS Ajmera, announced that they have been aiming to reach 15-20% turnover expansion in the current financial year as the firm eyes Bhakti Park as well as Bangalore units to contribute more.

Bharti reaches 50 million African users

The leading cellular phone carrier of India, Bharti Airtel, announced this Wednesday that it already reached 50 million African subscribers in which the firm has purchased $9 billion pact for mobile businesses last June 2010 in 15 nations.

BSE Sensex soars 0.72% as market on upbeat performance

The BSE Sensex was up 115.12 points or 0.72% to 16,123.46. The index gained 171.22 points at the day's high of 16,179.56 in mid-afternoon trade. The index fell 158.77 points at the day's low of 15,849.57 in early trade, its lowest level since 25 November 2011.

The S&P CNX Nifty was up 26.95 points or 0.56% to 4,832.05. The Nifty hit a high of 4,851.55 in intraday trade. The index hit a low of 4,754.80 in intraday trade, its lowest level since 25 November 2011.

The BSE Mid-Cap index fell 0.66% and the BSE Small-Cap index declined 0.73%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 1936 crore higher than Rs 1895.70 crore on Tuesday, 29 November 2011.

Positive 1,211 Negative 1524 Unchanged 123
From the 30 share Sensex pack, 20 rose and rest fell.

BSE Sensex declines 0.98% as market loses anew

The BSE Sensex lost 158.79 points or 0.98% to settle at 16,008.34, its lowest closing level since 25 November 2011. The index gained 43.24 points at the day's high of 16,210.37 in early trade, its highest level since 22 November 2011. The index slumped 214.59 points at the day's low of 15,952.54 in mid-afternoon trade.

The S&P CNX Nifty shed 46.20 points or 0.95% to settle at 4,805.10, its lowest closing level since 25 November 2011. The Nifty hit a high of 4,866.10 in intraday trade, its highest level since 21 November 2011. The index hit a low of 4,787.10 in intraday trade.

The BSE Mid-Cap index fell 0.56% and the BSE Small-Cap index declined 0.18%. Both these indices outperformed the Sensex.

BSE clocked a turnover of Rs 1890 crore, lower than Rs 1909.26 crore on Monday, 28 November 2011.

Positive 1,224 Negative 1525 Unchanged 112
From the 30 share Sensex pack, 20 fell and rest rose.

Apollo Hospital eyes global forays in pharmacy sector

The Apollo Hospital’s group president, K Padmanabhan, announced that they are set to assess the monetary as well as tactical tie-ups to expand its operations in the pharmacy retail sector globally.

REC eyes 20-35% rise in tariff in most states

The Director Finance of Rural Electrification Corporation or REC, HD Khunteta, announced that majority of the states have been eyeing to surge their tariff within 20-35% wherein the advantages is set to raise starting January next year.

Two-wheelers sector to witness 20-30% expansion in half a year

Shiram City Union Finance’s executive director, Subhasri Shriram, has been optimistic that the two-wheeler sector is expected to witness in the range of 20-30% expansion in the coming half year.

BSE Sensex surges 3.01% as market on green

The BSE Sensex jumped 471.70 points or 3.01% to settle at 16,167.13, its highest closing level since 18 November 2011. The index surged 491.25 points at the day's high of 16,186.68 in late trade. The index rose 192.85 points at the day's low of 15,888.28 in early trade.

The S&P CNX Nifty jumped 141.25 points or 3% to settle at 4,851.30, its highest closing level since 18 November 2011. The Nifty hit a high of 4,859.10 in intraday trade. The index hit a low of 4,766.40 in intraday trade.

The BSE Mid-Cap index rose 1.5% and the BSE Small-Cap index gained 1.72%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 1902 crore, lower than Rs 2161.33 crore on Friday, 25 November 2011.

Positive 1,922 Negative 879 Unchanged 76
From the 30 share Sensex pack, 28 rose and rest fell.

November Nifty/Stock Options profit Rs 1.52Lac Accuracy 80%

	Month		No of Tip		Accuracy		Profit
2011, November		46		80%		152450
2011, October		43		88%		155548
2011, September		59		86%		196335
2011, August		58		83%		196783
2011, July		61		82%		194869
2011, June		68		82%		207896
2011, May		49		88%		134860
2011, April		46		78%		91088

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India requires 30% of grains capacity for latest food bill

KV Thomas, the food minster, revealed that India has been thinking of grain acquisitions at nearly 30% of capacity to grow its welfare scheme as they already calculated based on production and procurement of grains in accordance to Food Security Bill.

Essar Oil gets renewal of purchase deal with IOC

Essar Oil or EOL made an announcement that they already got renewal of a key product sale as well as acquisition deal with IOC or Indian Oil Corporation Limited which is the biggest oil retailing firm of India.

Zensar Tech to go beyond FY12 guidance of Rs 1,600 crore

In the latest development, Zensar Technologies’ vice chairman as well as chief executive officer, Ganesh Natrajan, announced that they are certain to get more than the Rs 1,600 crore revenue guidance in the current fiscal year.

Latest venture in Bangalore to obtain Rs 200 crore revenues says Nitesh Estates

Ashwini Kumar, the COO of Nitesh Estates, announced that they have been looking forward to obtain revenues to the amount of Rs 200 crore until 2014 from their latest introduced luxury residential venture located in Bangalore.

Balaji Amines aims Rs 70 crore output growth

Balaji Amines has been aiming to spend Rs 70 crore in its Solapur subsidiary expansion wherein the firm is looking forward to execute a hotel venture with an amount of Rs 40 crore in Solapur presently.

Sharma eyes 10 million jobs until 2014 from FDI in retail

Anand Sharma, the Commerce and Industry Minister, announced that his early approximates are that the introduction of FDI multi-brand retail for international players is set to produce more than 4 million employments in the nation as well as around 5-6 million jobs until 2014.

Bharti concludes discussions with RIL on insurance merger sale

Bharti Enterprises announced this Friday that it already jointly concurred to conclude talks with Reliance Industries to put in sale its equity shares in two insurance mergers with AXA of France.

BSE Sensex sinks 1.03% as market declines again

The BSE Sensex lost 163.06 points or 1.03% to 15,695.43, its lowest closing level since 3 November 2009. The index lost 212.71 points at the day's low of 15,645.78 in late trade. The index rose 32.56 points at the day's high of 15,891.05 in mid-morning trade.

The S&P CNX Nifty was down 46.40 points or 0.98% to 4,710.05, its lowest closing level since 23 November 2011. The Nifty hit a high of 4,767.30 and low of 4,693.10 in intraday trade.

The Mid-Cap index rose 0.38% and the BSE Small-Cap index gained 0.84%. Both these indices outperformed the Sensex.

The total turnover on BSE amounted to Rs 2153 crore, lower than Rs 2012.91 crore clocked on Thursday, 24 November 2011.

Positive 1,578 Negative 1,238 Unchanged 116
From the 30 share Sensex pack, 23 fell and rest rose.

RBI purchases Rs 9,435.48 crore admin bonds from market

The Reserve Bank or RBI announced that it already purchased Rs 9,435.48 crore of OMO or open market operation state admin bonds versus the anticipated Rs 10,000 crore to relieve liquidity.

Food inflation declines to the lowest 9.01% since August

The food inflation in India declined to around 9.01% in a record low since August for the week until November 12. However, Pranab Mukherjee, the Finance Minister, has showed optimism that the entire price scenario is set to stabilize in the following weeks.

Data center market to reach USD 609 million in 2012

The local data center co-location as well as the hosting market has been approximated to be in the figure of USD 609 million in 2012 wherein the market has been eyed to witness stable expansion until 2016.

6.9% GDP growth in quarter until September eyed

The economy of India most likely expanded a yearly 6.9% in the quarter until September from 7.7% for its GDP or Gross Domestic Product growth as compared to the same period last year. It was seen that the figure was the lowest since 2009.

Chandra of Zee aims to have 34-40 million US subscribers by end of 2012

Subhash Chandra, the Zee Group chairman, already announced that they have been planning to achieve in the range 34-40 million subscribers in the United States via their television channels by the end of next year.

HCC merger obtains order from NFR worth Rs 987 crore

Hindustan Construction Company or HCC announced that its shared business enterprise company HCC-DSD-VNR already obtained order worth Rs 987 crore from the Northeast Frontier Railway to develop a great structure of Bogibeel rail-with-road bridge located in Assam.

Cabinet gives nod to 51% multi-brand retails FDI

The Cabinet already announced that they approved the bill to raise FDI or foreign direct investment to 51% in multi-brand retails as well as 100% in single-brand retails. Consequently, the details will be given in Parliament by Anand Sharma, the commerce and industry minister.

BSE Sensex soars 1.01% as market on green

The BSE Sensex jumped 158.52 points or 1.01% to settle at 15,858.49, its highest closing level since 22 November 2011. The Sensex lost 220 points at the day's low of 15,479.97 in early afternoon trade. The index gained 201.33 points at the day's high of 15,901.30 in late trade.

The S&P CNX Nifty advanced 50 points or 1.06% to settle at 4,756.45, its highest closing level since 22 November 2011. The Nifty hit a low of 4,639.10 in intraday trade, its lowest level since 5 November 2009. The Nifty hit a high of 4,771.10 in intraday trade.

The Mid-Cap index rose 1.4% and outperformed the Sensex. The BSE Small-Cap index gained 0.38% and underperformed the Sensex.

The total turnover on BSE amounted to Rs 2005 crore, lower than Rs 2011.32 crore clocked on Wednesday.

Positive 1,476 Negative 1,314 Unchanged 107
From the 30 share Sensex pack, 25 rose and rest fell.

JJ Irani chooses Cyrus Mistry as Tata Sons’ chairman

JJ Irani, the ex-director of Tata Sons, personally chose Cyrus Mistry as the next chairman of the leading firm of India since he is currently among the firm’s board member since 2006 who shows seriousness and financial intellect for the job.

Vikram Akula resigns as chairman of SKS Microfinance

SKS Microfinance, the lone listed micro lending firm in India, announced this Wednesday that its owner Vikram Akula stepped down as chairman while appointing an independent director to be the acting chairman.

BP, IOC mull JV in acid refinery ventures

The international power leader BP as well as Indian Oil already sealed a deal via MOU to have a concerted exploration of the potential for developing a 50:50 joint venture to make an investment in a one million tonne annually.

Idea Cellular to market smartphone with 3G

Idea Cellular, the number four largest mobile phone carrier of India based on users, announced this Wednesday that they already introduced two affordable smartphone models to intensify application of 3G or third-generation wherein the market prices are Rs 5,850 and Rs 7,992.

BSE Sensex shrinks 2.27% as market plunges again

The BSE Sensex tumbled 365.45 points or 2.27% to settle at 15,699.97, its lowest closing level since 3 November 2009. The Sensex lost 586.73 points at the day's low of 15,478.69 in early afternoon trade. The index fell 95.82 points at the day's high of 15,969.60 in early trade.

The S&P CNX Nifty slumped 105.90 points or 2.20% to settle at 4,706.45, its lowest closing level since 3 November 2009. The Nifty hit a low of 4,640.95 and a high of 4,779.50 in intraday trade.

The BSE Mid-Cap index fell 2.05% and the BSE Small-Cap index declined 1.72%. Both these indices outperformed the Sensex.

The total turnover on BSE amounted to Rs 2004 crore, higher than Rs 1973.95 crore clocked on Tuesday, 22 November 2011.

Positive 766 Negative 2062 Unchanged 99
From the 30 share Sensex pack, 29 fell and rest rose.

BSE Sensex surges 0.75% as market in upturn

The BSE Sensex jumped 119.32 points or 0.75% to settle at 16,065.42, its highest closing level since 18 October 2011. The index jumped 266.85 points at the day's high of 16,212.95 in afternoon trade. The index rose 24.01 points at the day's low of 15,970.11 in early trade.

The S&P CNX Nifty was up 34 points or 0.71% to 4,812.35, its highest closing level since 18 October 2011. The Nifty hit a high of 4,854 and low of 4,782.55 in intraday trade.

The BSE Mid-Cap index rose 0.34% and the BSE Small-Cap index gained 0.03%. Both these indices underperformed the Sensex.

The total turnover on BSE amounted to Rs 1968 crore, lower than Monday's (21 November 2011) Rs 2078.91 crore.

Positive 1348 Negative 1424 Unchanged 122
From the 30 share Sensex pack, 18 rose and rest fell.

I.T. sector to expand 16-18% in FY12 says NASSCOM

The president of NASSCOM, Som Mittal, announced that no hints are in sight about the downturn as of the moment while he declared firmly that the I.T. sector is set to expand at the range of 16-18% in the present year.

Jet Airways must accumulate funds says auditors

Jet Airways, the largest carrier of India, announced through its auditors, Deloitte Haskins & Sells and Chaturvedi & Shah, already cautioned the firm on need to increase funds soon to obtain target finances like monetary aid to its unit JetLite.

SAIL to increase iron ore acquisition to 39 million tonnes by 2013

Steel Authority of India Ltd or SAIL, the biggest local steel manufacturer of India, has been planning to increase its iron ore acquisition by 68% to 39 million tonnes by 2013 as compared to 23.25 million tonnes in 2010 in order to attain its growth demand.

Pipavav Defence aims to raise Rs 900 crore from tactical investor

Pipavav Defence and Offshore Engineering Company is set to accumulate utmost Rs 900 crore through issuance of 8.19 crore shares to an international tactical stockholder on a preferential basis which is worth Rs 110 per share.

Suzlon aims 1.4x debt equity ratio by end of current fiscal year

The chairman and managing director of Suzlon Energy, Tulsi Tanti, announce that they were mindful of the market issues regarding selling wherein the firm has been aiming to achieve a 1.4x debt/equity ratio at the conclusion of the current fiscal year.

Kookmin aims business expansion in India

KB Kookmin Bank chief representative in Mumbai, Chan Heung Kim, announced that the biggest South Korean lending firm in capital investment has been aiming to launch offices in India wherein they have registered to the Reserve Bank of India for this purpose.

SPML Infra predicts 10% sales expansion in current fiscal year

The executive director of SPML Infra, Rishab Sethi, announced that the firm’s present order backlog is worth Rs 3,500 crore wherein they have been predicting 10% expansion in sales in the current financial year.

BSE Sensex slides 2.6% as market remain downbeat

The BSE Sensex tumbled 425.41 points or 2.6% to settle at 15,946.10, its lowest closing level since 5 October 2011. The index lost 471.21 points at the day's low of 15,900.30 in late trade. The index fell 74.48 points at the day's high of 16,297.03 in early trade.

The S&P CNX Nifty tanked 127.45 points or 2.6% to settle at 4,778.35, its lowest closing level since 5 October 2011. The Nifty hit a low of 4,764.80 and a high of 4,873.80 in intraday trade.

The BSE Mid-Cap index fell 1.88% and the BSE Small-Cap index declined 1.68%. Both these indices outperformed the Sensex.

The total turnover on BSE amounted to Rs 2068 crore, lower than Rs 2,348.04 crore on Friday, 18 November 2011.

Positive 792 Negative 1981 Unchanged 126
From the 30 share Sensex pack, 28 fell and rest rose.

Shriram Transport eyes 10% assets expansion in FY12

The managing director of Shriram Transport Finance Company Ltd, R Shridhar, announced this day that freight rates were receiving negative remarks from the market as they aim to expand by 10% in assets in the present financial year.

JSW Steel aims for value-added investments

JSW Steel, the third rank steel manufacturer of India, has been vigorously aiming to purchase steel firms in India having value-added products output as they aim to increase margins as well as widen up services.

Piramal to increase monetary ventures

Piramal Group, a diversified firm, has been aiming to lend utmost USD 193 million to realty ventures in the present financial year until March wherein they concentrate on developing the latest introduced monetary unit.

Nelcast expects 25% FY12 sales expansion

The CFO of Nelcast, SK Sivakumar, already announced that they witnessed good order book position wherein they are set to register around 25% expansion in sales in the present financial year.

Shri Lakshmi Cotsyn eyes expansion of denim output in March 2012

The chairman and managing director of textile firm Shri Lakshmi Cotsyn, MP Agarwal, announced that they have been expecting to widen up its denim production from 20 million to 40 million next year in the month of March.

Infosys predicts achievement of Q3 guidance unclear

The CFO of Infosys, Venkatram Balakrishnan, announced this day that he is not sure if they will be able to achieve the target figure for their guidance in the third quarter of the current financial year as the consumers are tentative on buying.

Karur Vysya predicts to sustain asset quality onward

The managing director and CEO of Karur Vysya Bank, K Venkataraman, has been anticipating to sustain asset quality in the future as it obtained about 24-25% increase in earnings in the present financial year.

Tata Motors introduces added fuel efficient, more robust Nano

Tata Motors already launched a latest edition of the Nano mini auto wherein it declares has presently added fuel efficient as well as more robust as compared to the previous model. It is still worth Rs 1.40-1.96 lakh.

Suzlon obtains order from Gail India to deploy wind turbines

Suzlon Energy has already obtained an order from Gail India to provide 11 wind turbines that can produce 23 Megawatts of power to improve the gas unit’s captive energy demands.

E-Zest Solutions submits IPO docs with SEBI

E-Zest Solutions has been aiming to embark on the principal market with its 1 crore equity shares IPO for widening up of operations through dilution of 40.83% equity shares as the firm already submitted DRHP with SEBI.

Katha Mediatrix India aims for IPO

Katha Mediatrix India, a Mumbai-based outdoor media advertising firm, already submitted its DRHP or draft red herring prospectus with SEBI for its 40 lakh equity shares IPO wherein the firm recommends to make dilution of 26.27% equity by means of this public issue.

Indian Railways seals USD 149 million deal in Sri Lanka

Indian Railways has already sealed a USD 149 million reconstruction venture of rail line from Pallai to Kankesanthurai in the island nation’s Northern Province deal with the Sri Lankan government.

Oil ministry allows selling of shares in Oil India

In the latest development, the oil ministry already gave its nod for the selling of the 10% equity shares in Oil India, a government-managed exploring firm, wherein the state admin possesses 78.4% of Oil India.

Assocham eyes Rs 5 lakh crore dairy industry by 2015

Assocham, an industry body, announced this day that the domestic dairy industry most probably will obtain turnover of about Rs lakh crore in four years due to high requirement for milk as well as milk-based products.

Kalindee Rail Nirman eyes large orders in December

The director of Kalindee Rail Nirman, AP Verma, announced that the firm pluned near to 12% on debts issues wherein the arrears on its book has already a worth of Rs 75 crore as they eye large orders in December 2011.

Tripura energy refinery to begin capacity soon says ONGC

K S Jamestin, an executive of ONGC, stated that the first unit of the venture, 726 Megawatts combined cycle energy refinery, situated in Palatan close to Agartala in Tripura is expected to begin production of electricity.

Thomas Cook eyes 15% revenue, profit growth at end of FY11

The managing director of Thomas Cook, Madhavan Menon, has been eyeing to attain 15% increase in revenues as well as profits in the final quarter of the current financial year.

ICICI Bank considers movement of debt from GTL to CNIL

ICICI Bank has been considering to move its arrears to Chennai Networks Infrastructure from GTL wherein it is the first time to have this scenario in the similar parent holding firm.

RIL, BP in 50:50 merger for selling natural gas in India

Reliance Industries of RIL along with British Petroleum or BP made an announcement this day that they embarked on a 50:50 shared business enterprise firm, India Gas Solutions Pvt. Ltd, wherein it is aimed to concentrate on worldwide sourcing, transporting and selling of natural gas in India.

Taiwan aims to grow JVs with Indian textile firms

In the latest development, being among the leading textile exporters globally, Taiwan has been aiming to grow its business joint ventures with the conglomerates in India in the textile sector.

Insecticides India eyes around Rs 60 crore via PE route

The chief financial officer of Insecticides India, Sandeep Agarwal, announced that they have been targeting to accumulate more or less Rs 60-70 crore by means of private equity or PE route.

Kingfisher close to an agreement to save the firm

Vijay Mallya, the chairman of Kingfisher Airlines, announced that they are in the final stage of negotiations for a USD 370 million pact with an Indian private investor as well as a group of banks that are being looked upon to save the firm.

BSE Sensex sheds 0.55% as market still in downturn

The BSE Sensex lost 90.20 points or 0.55% to settle at 16,371.51, its lowest closing level since 7 October 2011. The index fell 65.02 points at the day's high of 16,396.69 in late trade. The index declined 296.72 points at the day's low of 16,164.99 in early afternoon trade.

The S&P CNX Nifty lost 28.95 points or 0.59% to settle at 4,905.80, its lowest closing level since 7 October 2011. The Nifty hit a high of 4,915.90. The index hit a low of 4,837.95 in intraday trade, its lowest level since 5 October 2011.

The BSE Mid-Cap index fell 1.03% and the BSE Small-Cap index declined 1.9%. Both these indices underperformed the Sensex.

BSE Sensex clocked turnover of Rs 2340 crore, higher than Rs 2206.98 crore on Thursday, 17 November 2011.

Positive 873 Negative 2013 Unchanged 101
From the 30 share Sensex pack, 18 fell and rest rose.

BSE Sensex shrinks 1.87% as market keeps on plunging

The BSE Sensex lost 314.16 points or 1.87% to settle at 16,461.71, its lowest closing level since 7 October 2011. The index rose 31.28 points at the day's high of 16,807.15 in mid-morning trade. The index declined 367.37 points at the day's low of 16,408.50 in late trade.

The S&P CNX Nifty tumbled 95.70 points or 1.9% to settle at 4,934.75, its lowest closing level since 7 October 2011. The Nifty hit a high of 5,036.80 in intraday trade. The index hit a low of 4,919.45 in intraday trade.

The BSE Mid-Cap index fell 1.3% and the BSE Small-Cap index shed 1.15%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2190 crore, lower than Rs 2513.20 crore on Wednesday, 16 November 2011.

Positive 893 Negative 1941 Unchanged 121
From the 30 share Sensex pack, 27 fell and rest rose.

Fitch predicts Indian telcos to have negative outlook in 2012

The Associate Director in Fitch's Asia-Pacific Telecommunications, Media and Technology team, Nitin Soni, announced that next year’s outlook for the majority of the telcos providers in India is predicted to become negative.

SBI introduces MoneyGram’s worldwide money transfer service

The State Bank of India or SBI already made a joint venture with MoneyGram International, a money transfer services firm, and Thomas Cook (India) Ltd to give in-bound money services to the 100 branches of SBI.

Food market in India to grow three-fold in 9 years

In the latest development, the domestic food market has been eyed to grow three-fold to USD 900 billion in 9 years from the present value of USD 300 billion since India is being regarded as among the biggest food producers and consumers globally.

Exim Bank’s asset to rise five times

The Cabinet announced this day that they already gave a nod to draft changes to a law ruling the Exim Bank, recommending a rise in its authorized capital by five-fold to Rs 10,000 crore from Rs 2,000 crore.

IOC targets 87% surge in refining output in 10 years

The government-managed Indian Oil Corp, the nation’s largest refining firm, has been aiming to grow production by 87% which is around 2.46 million barrels per day or bpd in 10 years, according to its head of refineries.

Vijaya Bank aims yearly NIMs of nearly 2.8-2.9%

Vijaya Banks has been looking forward to achieve yearly NIMs of more or less 2.8-2.9% in the second half of the current financial year as they announced a strong performance due to cash rebound.

KRBL eyes 5-6% revenue growth in second half of FY12

The CFO of KRBL, Rakesh Mehrotra, announced that the firm’s net loss was likely due to the Rs 40 crore Forex loss while they are aiming to achieve at minimum 5-6% upsurge in revenues in the second half of the current financial year.

BSE Sensex slides 0.63% as market continues to decline

The BSE Sensex lost 106.80 points or 0.63% to settle at 16,775.87, its lowest closing level since 18 October 2011. The index fell 4.37 points at the day's high of 16,878.30 in late trade. The index declined 241.02 points at the day's low of 16,641.65 in late trade, its lowest level since 12 October 2011.

The S&P CNX Nifty shed 38.05 points or 0.75% to settle at 5,030.45, its lowest closing level since 11 October 2011. The Nifty hit a high of 5,065.20 in intraday trade. The Nifty hit a low of 4,989.50 in intraday trade.

The BSE Mid-Cap index fell 0.94% and the BSE Small-Cap index declined 1.34%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 2506 crore, higher than Rs 2229.15 crore on Tuesday, 15 November 2011.

Positive 908 Negative 1937 Unchanged 100
From the 30 share Sensex pack, 18 fell and rest rose.

BGR Energy eyes to sustain margin in FY12 within 12.5-13% range

BGR Energy Systems managing director, Shankaralingam, announced that the firm has been eyeing to sustain the financial year 2012 margin which is more or less in the range of 12.5-13%.

Max India revenues rise 8 times for life insurance biz

Mohit Talwar, the deputy managing director of Max India, already announced that revenues for the life insurance unit already rose 8 times along with assets under managements or AUMs for the life insurance venture already rose 20%.

Indian carriers get more than Rs 10,000 crore deficits

Increasing prices of aviation turbine fuel as well as a declining rupee just led to further problems in the Indian aviation industry wherein Air India lost Rs 13,500 crore while Kingfisher airlines absorbed total deficit above Rs 4,500 crore.

Rupee declines to its lowest in almost 32 months

The Rupee declined to its lowest level 13.5% in more or less 32 months this Tuesday due to the slump in the euro as well as constant dollar requirement which comes from oil importing companies.

M&M; to purchase 27% stocks in Swaraj Automotives

Mahindra & Mahindra, an automobile manufacturing firm, announced that they are aiming to purchase 27% equity shares in Swaraj Automotives wherein the open offer was worth Rs 90 every share that lead to Rs 582 crore capital expenditure for the firm.

Fortis Healthcare to accumulate USD 175 million for acquiring Singapore unit

Fortis Healthcare based in India, which is a majority property of billionaire Singh siblings, has been aiming to accumulate USD 175 million in arrears by the conclusion of December to finance the acquisition of Fortis Healthcare International in Singapore.

ONGC to invest Rs 2,200 crore in Gujarat oilfields

ONGC, the government-managed leader in exploration, has been aiming to invest Rs 2,200 crore in staggered basis for the growing production from its old oilfields that are situated in Anklehwar and Gandhar in Gujarat.

Coca-Cola Co. to invest USD 2 billion in India until 2016

This Monday, Coca-Cola Co. announced that they are set to make investment in India which is worth USD 2 billion in the span of five years wherein the firm will be able to contend with PepsiCo Inc in the nation included in the speediest-expanding economies.

SBI demands Kingfisher to accumulate fresh equity

State Bank of India, having the biggest investment to crisis-hit Kingfisher Airlines, announced that it already demanded the company to accumulate fresh equity to the amount of Rs 800-1,000 crore.

Den Networks aims to sustain same EBITDA for the rest of FY12

The COO of Den Networks, MG Azhar, already obtained nearly Rs 30 crore in EBITDA in the same quarter as compared to last year as they aim to sustain the same type of work for the remainder of the current fiscal year.

MOIL eyes 12 lakh tonne manganese capacity for FY12

The chairman and managing director of the government-managed firm MOIL Limited, KJ Singh, announced that they are eyeing to obtain its predicted Manganese Ore capacity of 6 lakh tonne in the second half of the current financial year while about 12 lakh tonne for the entire fiscal year.

LIC Housing Finance aims for banking venture

LIC Housing Finance or LICHF, a mortgage lending firm, has been aiming to register for a fresh banking license, according to the firm’s director and chief executive, V K Sharma, as they assigned two four-member committees to prepare them for banking sector venture.

Tulip Telecom has been in later part of the negotiations with independent equity companies to accumulate utmost USD 75 million in the present financia

Tulip Telecom has been in later part of the negotiations with independent equity companies to accumulate utmost USD 75 million in the present financial year, according to the firm’s chief this Monday.

Nalco eyes 30,000-60,000 tonnes of further alumina sale in third quarter

BL Bagra, the chairman and director of finance of Nalco, announced that the topline of the firm was due to the higher prices amidst of even volumes wherein they are eyeing to obtain 30,000-60,000 tonnes of further alumina sale in quarter three of the current fiscal year.

October headline inflation increases to 9.73%

In October, the headline inflation increased marginally to 9.73% in the midst of food products, fuel as well as manufactured goods prices giving a huge impact to ordinary people along with the leading industries of the economy.

BSE Sensex slumps 0.43% as market still on slide

The BSE Sensex lost 74.08 points or 0.43% to settle at 17,118.74, its lowest closing level since 24 October 2011. The index gained 199.17 points at the day's high of 17,391.99 in early trade, its highest levels since 9 November 2011. The index fell 98.39 points at the day's low of 17,094.43 in late trade.

The S&P CNX Nifty lost 20.50 points or 0.4% to settle at 5,148.35, its lowest closing level since 24 October 2011. The Nifty hit a high of 5,228.90 in intraday trade, its highest levels since 9 November 2011. The Nifty hit a low of 5,140.55 in intraday trade.

The BSE Mid-Cap index fell 1.6% and the BSE Small-Cap index declined 1.76%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 2346 crore, lower than Rs 2622.35 crore on Friday, 11 November 2011.

Positive 874 Negative 1991 Unchanged 84
From the 30 share Sensex pack, 21 fell and rest rose.

BSE Sensex shrinks 0.97% as market slips again

The BSE Sensex shed 169.28 points or 0.97% to settle at 17,192.82, its lowest closing level since 24 October 2011. The index fell 82.87 points at the day's high of 17,279.23 in early trade. The index shed 265.26 points at the day's low of 17,096.84 in morning trade.

The S&P CNX Nifty shed 52.20 points or 1% to settle at 5,168.85, its lowest closing level since 24 October 2011. The Nifty hit a high of 5,198.60 in intraday trade. The Nifty hit a low of 5,142.25 in intraday trade.

The BSE Mid-Cap index fell 1.13% and the BSE Small-Cap index declined 1.57%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 2610 crore, higher than Rs 2576.35 crore on Wednesday, 10 November 2011.

Positive 936 Negative 1933 Unchanged 97
From the 30 share Sensex pack, 19 fell and rest rose.

Essar Shipping to have shares listed on Nov. 15

In the latest development, Essar Shipping is set to have its equity shares listed on the exchanges which is dated November 15 of the current year following the plan of arrangement.

Gov-operated retailers eye reduction of petrol prices

Government-operated retailers most probably would reduce the petrol prices without the inclusion of local tax by Rs 0.60 per litre at minimum starting November 16 while softening Singapore prices already compensated partly the impact of a slumping rupee.

RBI deputy eyes FY12 expansion from 7.5% to 7.6%

A deputy governor of RBI, Subir Gokarn, announced this Friday that the economy of India is eyed to expand in the range 7.5 to 7.6 percent in the present financial year that concludes in the month of March.

Gyscoal Alloys eyes Rs 300 crore turnover in FY13

The independent director of Gyscoal Alloys, Sunil Talati, made an announcement wherein he predicts that the turnover of more or less Rs 300 crore can be attained in the financial year 2013 while Rs 1,000 crore in the financial year 2014.

ABB India attains two-digit growth for three successive quarters

The country head and managing director of ABB India, Bazmi Husain, announced that the firm already made an exceptional performance as against the market wherein they attained another two-digit expansion for three successive quarters until this third quarter of the current fiscal year.

Ramky expands 33% with Rs 750 crore revenues

According to the managing director of Ramky Infrastructure, Goutham Reddy, the firm has already attained revenues worth Rs 750 crore which is 33% higher as compared to the previous figure.

Hanung Toys reduces capex to Rs 350 crore

Ashok Kumar Bansal, the chairman and managing director of Hanung Toys and Textiles revealed that the firm already reduced its capital expenditure to Rs 350 crore from Rs 720 crore within the previous few months.

Rangarajan eyes 6% expansion in the financial year 2012

C Rangarajan, the economic advisory panel chief of the Prime Minister already elaborated the slump in refinery capacity last September as “disappointing” while saying that the industry could expand by only 6% in the present financial year as compared to the predicted 7%.

Power prices should be increased in India says Adani Power

According to the chief financial officer of Adani Power, Prabal Banerjee, this is the moment for the SEBs or state Electricity Boards to raise the power tariff wherein the power prices should be increased to compensate for the surging costs.

Kingfisher Airlines obtains 18% record low on shares

The shares of Kingfisher Airlines plunged to a record low 18% this Friday while the firm kept on postponing the flights and leasing firms were aiming to return the planes amidst the departure of pilots.

A-Team Edutech submits DRHP with SEBI

A-Team Edutech from Tamil Nadu already submitted its draft red herring prospectus with SEBI for its IPO worth Rs 10 for each equity share. The pubic issue has a volume of 81,81,818 equity shares.

World Economic Forum to start this Saturday in New Delhi

World Economic Forum or WEF announced this day that its yearly India Economic Summit is set to be conducted in the financial capital on Saturday and Sunday which marks as the first time in 20 years that it will be in New Delhi.

IEA reduces oil need prediction on economy and prices

The International Energy Agency or IEA announced this Thursday that the oil demand globally is eyed to be lesser as compared to the prediction in the current year since economic slump high inflation reduce consumption.

In the latest development, the Planning Commission through Abhijit Sen announced this day that 4% expansion of the agriculture segment is needed to ch

In the latest development, the Planning Commission through Abhijit Sen announced this day that 4% expansion of the agriculture segment is needed to check on the inflation during the 12th Five-Year Plan which is set to start next year of April.

HDFC to invest in education segment worth Rs 100 crore

The Housing Development and Finance Corporation or HDFC, the nation’s top housing monetary service firm, already made an announcement about its tactical scheme as it embarks on the education segment with an investment of Rs 100 crore.

BSE Sensex slides 1.18% as market in downturn

The BSE Sensex fell 207.43 points or 1.18% to settle at 17,362.10, its lowest level since 26 October 2011. The index tumbled 238.30 points at the day's low of 17,331.23 in late trade.

The index gained 88.81 points at the day's high of 17,658.34 in early trade, its highest level since 4 November 2011.

The S&P CNX Nifty fell 68.30 points or 1.29% to settle at 5,221.05, its lowest level since 26 October 2011. The Nifty hit a high of 5,317.50 in intraday trade, its highest level since 4 November 2011. The Nifty hit a low of 5,211.75 in intraday trade.

The BSE Mid-Cap index underperformed the Sensex, falling 1.25%. The BSE Mid-Cap index outperformed the Sensex, falling 1.06%.

BSE clocked turnover of Rs 2565 crore, higher than Rs 1984.53 crore on Tuesday, 8 November 2011.

Positive 991 Negative 1879 Unchanged 104
From the 30 share Sensex pack, 24 fell and rest rose.

Car sales in October record highest decline in 10 years

In India, the car sales recorded a decline of 23.8% last October which is the largest percentage slide in a month from December 2000 due to the high interest rates as well as vehicle prices.

Gemini Communications to start procedure of buyback within 21 days

The CEO for energy and RFID of Gemini Communications, Pradyumma T Venkat, announced that the firm has been ready to start the procedure of buyback within a span of 2-3 weeks.

Hindustan Copper aims to sustain 50% EBITDA

In the latest development, the chairman and managing director of Hindustan Copper, Shakeel Ahmed, has been optimistic to sustain its EBITDA at 50% going ahead in the entire financial year.

Reliance Infra eyes 8-10% margins in EPC business

The CEO as well as full-time director of Reliance Infrastructure, Lalit Jalan, announced that included in the list of its successful businesses in the quarter are engineering, procurement and construction or EPC vertical wherein the guidance of 8-10% margins were predicted.

Rangarajan expects inflation to decline by March 2012

According to the latest statement made this day by C Rangarajan, the Economic Advisory Council Chairman of the Prime Minister, the inflation most probably will decline to 7% next year by the month of March.

KEC International obtains latest orders from Saudi

The flagship firm of the RPG Group, KEC International, announced this day that it already bagged latest orders in turnkey from Saudi Arabia to the amount of Rs 400 crore for supply as well as development of transmission lines.

REpower Systems, EDF EN Canada in wind turbine deal

REpower Systems SE, a firm managed by Suzlon Energy, already sealed a deal with EDF EN Canada to provide 75 wind turbines which will produce 150 Megawatts of power in all.

BSE Sensex increases 0.04% as market slightly gains

The BSE Sensex rose 6.92 points or 0.04% to settle at 17,569.53, its highest closing level since 31 October 2011. The index rose 69.62 points at the day's high of 17,632.23 in early trade.

The index declined 107.39 points at the day's low of 17,455.22 in mid-morning trade, its lowest level since 3 November 2011.

The S&P CNX Nifty rose 5.15 points or 0.10% to settle at 5,289.35, its highest closing level since 31 October 2011. The Nifty hit a low of 5,252 in intraday trade, its lowest level since 3 November 2011. The Nifty hit a high of 5,304.25 in intraday trade.

BSE clocked turnover of Rs 1975 crore, lower than Rs 2387.90 crore on Friday, 4 November 2011.

Positive 1399 Negative 1434 Unchanged 131
From the 30 share Sensex pack, 17 fell and rest rose.

Kingfisher Airlines to postpone 31 flights until November 19

Kingfisher Airlines, the second ranked carrier of India, has been aiming to postpone 31 flight schedules to Delhi, Mumbai, Bangalore, Chennai, Kolkota and Hyderabad, every day until November 19 with an inclusion of 4 international flights going to Bangkok.

ONGC eyes subsidy deficit in second half of the fiscal year

The Chairman of Oil and Natural Gas Corporation or ONGC, Sudhir Vasudeva, announced that they are eyeing the subsidy deficit to increase in the second half of the current fiscal year for both the second and third quarters with an estimated under-recovery worth Rs 1,70,000 crore.

Samsung SDI, Bosch to provide lithium-ion batteries to M&M;

Samsung SDI, the first ranked rechargeable battery manufacturer based in South Korea, announced this Tuesday that its merger with Robert Bosch of Germany would provide lithium-ion batteries for the electric autos of Mahindra & Mahindra.

CRISIL awards 4/5 grade to IPO of Speciality Restaurants

CRISIL Research already made a release of its account regarding the IPO of Speciality Restaurants wherein it gave an assignment of a grade of 4/5 to the recommended IPO of Speciality Restaurants.

SBI requires $1.63 billion funding prior to March

The leading lending firm of India, State Bank of India, has been necessitating to accumulate 80 billion rupees or $1.63 billion prior to the month of March to keep up an 8% tier-1 capital adequacy ratio.

Motherson Sumi to ask investors’ approval for QIP

Motherson Sumi Systems of India announced this Saturday that it is set to ask the investors’ nod to make dilution utmost 7.5% by means of equity or convertible instruments on preferential basis in QIP or qualified institutional placement.

TVS Motor to make investment in West Bengal refinery

TVS Motor Co., the third rank two-wheeler manufacturer of India, announced this Saturday that it is set to make investment in the West Bengal refinery from Mahabharat Motors Manufacturing Co. following the needed regulatory and legal approvals.

Jaypee to put on sale equity shares in cement subsidiary

The engineering and construction firm with an asset worth $3 billion, Jaypee Group of India, has been under negotiations to put on sale the equity shares of its cement subsidiary Jaiprakash Associates.

Tata Steel to conclude construction products biz in South Wales

The seventh ranked global leader in steel manufacturing, Tata Steel, is set to conclude its construction products subsidiary in South Wales because of feeble activity in UK development as well as public acquisition.

Videocon to put on sale stake in DTH biz for USD 75-100 million

Videocon Industries has been aiming to put on sale 25% equity shares in its DTH broadcast services subsidiary worth in the range of $75 million to $100 million whereas negotiations is undergoing with independent equity companies.

ONGC eyes USD 386 million royalty recovery from Cairn India

Sudhir Vasudeva, the Chairman of Oil & Natural Gas Corp or ONGC, has been looking forward to obtain around Rs 1900 crore or USD 386 million due to royalty recovery from Rajasthan blocks of Cairn India.

Verma optimistic that Navy’s alliance with SAIL to be firm

Admiral Nirmal Verma, the Chief of Naval Staff, this day showed optimism that Navy’s tactical alliance with SAIL or Steel Authority of India is set to become firm that may possibly decrease imports by the force.

Marico reveals sign of price surge in Parachute

Marico, an FMCG company, revealed a sign this day that at a price increase on its flagship brand 'Parachute' hair oil to make up for the increasing margin deficits as well as cautioned for another decline in margins in the following quarters.

Rising rates cause residential assets sales to decline

Bulk sales of residential assets in key municipalities have declined between 10-15% because of increasing home loan rates, according to CB Richard Ellis or CBRE, a property consulting company.

Combat aircraft pact winner to be known within 6-8 weeks

The multi-billion dollar contract to purchase 126 combat aircraft for the Indian Air Force or IAF has embarked on its final phase this day with Defence Ministry launching commercial offers of the two European competitors to know the cheapest bidder within six to eight weeks.

India may possibly postpone diesel price increase

The state admin, who is being criticized for increasing petrol prices, most probably will postpone an intended diesel price rise for fear that the action may possibly be a source of added harm ahead of key national polls starting early 2012.

Inflation in October eyed to come between 9.5-9.7%

The Standard Chartered Bank’s head of research, Dr. Samiran Chakrabarty, stated that the food inflation will keep on being a major concern since they are expecting inflation to come in the range of 9.5-9.7% this month of October.

JK Lakshmi Cement eyes 5.5 lakh tonne cement by March 2012

Shailendra Chouksy, the full-time director of JK Lakshmi Cement, announced that they are ready to operate a grinding gear worth Rs 1,350 crore by March next year in Haryana to produce around 5.5 lakh tonne cement.

IPO of Vodafone postponement looms

The IPO of Vodafone, which is among the major telecom firms of India, most probably will be postponed further as they predicted that the markets will become volatile until February of next year as well as the unpredictable global macro conditions now.

BSE Sensex ascends 0.46% as market continues to rise

The BSE Sensex jumped 80.68 points or 0.46% to settle at 17,562.61, its highest closing level since 31 October 2011. The index fell 7.54 points at the day's low of 17,474.39 in mid-afternoon trade. The index jumped 220.33 points at the day's high of 17,702.26 in early trade.

The S&P CNX Nifty rose 18.45 points or 0.35% to settle at 5,284.20, its highest closing level since 31 October 2011. The Nifty hit a high of 5,326.45 in intraday trade. The index hit a low of 5,256.80 in intraday trade.

The BSE Mid-Cap index rose 0.75% and outperformed the Sensex. The BSE Small-Cap index gained 0.38% and underperformed the Sensex.

BSE clocked turnover of Rs 2379 crore, higher than Rs 2202.43 crore on Thursday, 3 November 2011.

Positive 1588 Negative 1247 Unchanged 151
From the 30 share Sensex pack, 22 rose and rest fell.

La Opala eyes production growth of 50% by 2012

Sushil Jhunjunwala, the managing director of La Opala, the top producer of semi-vitreous tableware and kitchenware, has been eyeing to raise its production by 50% through its investment capital expenditure by next year worth above Rs 30 crore.

BSE Sensex rises 0.1% as market in slight upturn

The BSE Sensex was up 17.08 points or 0.1% to 17,481.93. The index lost 186.82 points at the day's low of 17,278.03 in afternoon trade. The index gained 62.25 points at the day's high of 17,527.10 in late trade.

The S&P CNX Nifty was up 7.30 points or 0.14% to 5,265.75. The Nifty hit a high of 5,281.60 and a low of 5,201.85 in intraday trade.

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

BSE clocked turnover of Rs 2192 crore lower than Rs 2220.86 crore on Wednesday, 2 November 2011.

Positive 1341 Negative 1469 Unchanged 129
From the 30 share Sensex pack, 17 fell and rest rose.

Food inflation climbs to 12.21% year-on-year on Oct 22

Food inflation, which is measured by the WPI or Wholesale Price Index, climbed to 12.21% year-on-year on October 22 wherein costly vegetables, pulses, fruits and milk, adding additional trouble to ordinary people.

Oman unit of L&T; obtains orders worth Rs 875 crore

The Oman subsidiary of Larsen & Toubro, an engineering and construction leading firm, already obtained orders in road development from Muscat Municipality and Oman’s Ministry of Transport & Communication to the amount of Rs 875 crore.

Varahi submits papers for DRHP with SEBI for IPO worth Rs 110 crore

Varahi, the plastic packaging products producer, already submitted its papers for draft red herring prospectus or DRHP with SEBI, the market regulating body, for an IPO which is worth Rs 110 crore.

Indo Thai Securities stocks decline 69% of first day of listing

Indo Thai Securities, a stock brokerage, received negative remarks from stockholders during day one of listing wherein the stock declined 69% to wrap up the day at Rs 23 on BSE.

Jaiprakash Associates obtains orders from Bhutan worth Rs 2,079 crore

In the latest development, Jaiprakash Associates announced this day that it already obtained two deals from Punatsangchhu-II Hydroelectric Project Authority, Bhutan with a total amount of Rs 2,079 crore.

Google expects India to have mobile internet expansion

Google has been aiming the internet expansion of India to be driven by mobile subscribers, forecasting that they are to create the bulk of the nation’s latest internet users as cheap smartphones can now be purchased in the market.

Sun Pharma obtains USFDA for generic medicine for hypertension

A unit of Sun Pharmaceutical Industries already obtained the nod of USFDA for its ANDA or abbreviated new drug application to sell generic version of Valeant International’s Cardizem CD, Diltiazem Hcl unlimited release tablets.

Omnicom receives further of Mudra, raises equity shares to 51%

The Mudra Group of Anil Ambani is set to allow U.S. firm Omnicom raise its equity shares to a bulk 51% whereas Mudra states that this tactical merger can lead to the group’s expansion.

Reliance Industries not keen on Valero purchase

Reliance Industries, the operator of the largest refining complex in the world, announced this Monday that it has not taken in to consideration of the purchase of Valero Energy, an American-based refining firm.

BSE Sensex slides 0.56% as market declines

The BSE Sensex shed 99.79 points or 0.56% to settle at 17,705.01, its lowest closing level since 26 October 2011. The index rose 8.31 points at the day's high of 17,813.11 in afternoon trade. The index fell 136.53 points at the day's low of 17,668.27 in late trade.

The S&P CNX Nifty lost 34.10 points or 0.64% to settle at 5,326.60, its lowest closing level since 26 October 2011. The Nifty hit a high of 5,360.25 in intraday trade. The Nifty hit a low of 5,314.60 in intraday trade.

The BSE Mid-Cap index rose 0.37% and the BSE Small-Cap index gained 0.21%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2183 crore, lower than Rs 2512.57 crore on Friday, 28 October 2011.

Positive 1490 Negative 1371 Unchanged 100
From the 30 share Sensex pack, 22 fell and rest rose.