ITC likely to increase holdings in EIH, Hotel Leela utmost 25%

In the latest development, the chairman of ITC, YC Deveshwar, announced that they are planning to raise equity shares utmost 25% in EIH, a firm managed by Oberois, and Hotel Leela, a company administered by Krishnan Nair.

Tata Communications’ core unit helped in Q3 income growth

According to the senior vice president-corporate strategy at Tata Communications, Srinivasa Addepalli, the firm’s core subsidiary has made a very big contribution to its total income growth in the previous quarter.

Oil Minister asks more duty worth Rs 80,000 on diesel autos

In the fast approaching Union Budget, S Jaipal Reddy, the Oil Minister, demanded Pranab Mukherjee, the Finance Minister, to implement more excise duty worth Rs 80,000 on diesel autos as well as provide 10-year holiday for oil along with gas hunt and refineries.

Petronet LNG obtains all-time highs in capacity volume, profit

Petronet LNG’s chief executive officer as well as managing director, Dr A Balyan, announced that the current quarter shows the highest quarterly record for capacity volume along with the profit in the history of the firm.

Civil Aviation Ministry to create fresh policy

The Civil Aviation Ministry already began on full-effort to create a fresh policy to answer the recent issues of the aviation industry such as jet fuel and airfare costing, safety and security along with infrastructure.

Singapore PM eyes India, China to drive emergence in Asian economies

In the yearly conference at the World Economic Forum, the Prime Minister of Singapore Lee Hsien-Loong announced that amidst the volatile market, India as well as China is set to drive the emergence in the economies of the Asian countries in the following years.

Walmart agrees with 50% mandatory investment in back-end infra

At Davos, according to the commerce ministry, Douglas McMillon, the president of Walmart, conferred with Anand Sharma, the commerce ministry, about the firm’s intention to conform with the policies on the recommendation with 50% mandatory investment in back-end infrastructure as well as at least USD 100 million investment.

BSE Sensex soars 0.92% as market ends week in upsurge

The BSE Sensex jumped 156.80 points or 0.92% to settle at 17,233.98, its highest closing level since 9 November 2011. The index jumped 179.79 points at the day's high of 17,258.97 in early trade. The index rose 29.39 points at the day's low of 17,106.57 in mid-morning trade.

The S&P; CNX Nifty jumped 46.40 points or 0.9% to settle at 5,204.70, its highest closing level since 9 November 2011. The index hit a high of 5,217 in intraday trade. The index hit a low of 5,162.40 in intraday trade.

The BSE Mid-Cap index rose 0.66% and underperformed the Sensex. The BSE Small-Cap index gained 1.3% and outperformed the Sensex.

BSE clocked turnover of Rs 2745 crore, lower than Rs 2794.96 crore on Wednesday, 25 January 2012.

Positive 1793 Negative 1102 Unchanged 116
From the 30 share Sensex pack, 16 rose and rest fell.

CSE demands for Rs 1.62 lakh more tax on large diesel autos

The Centre for Science and Environment or CSE announced this day that it has been asking to add up tax with an amount at utmost Rs 1.62 lakh on large diesel autos to avoid the exploitation of funded fuel for lavishness.

Patni aims to hit revenue expansion scheme in FY12

iGATE Patni’s chief executive officer, Phaneesh Murthy, together with the firm’s chief financial officer, Sujit Sircar, announced that they are concentrating on a scheme on expansion of revenue in the current financial year.

Sunil Mittal says telecom industry necessitates policy assurance

In Davos, the chairman of Bharti Airtel, Sunil Mittal, announced during the World Economic Forum that the telecom industry necessitates policy assurance in the coming ten years from now until 2022.

Mallya shares Kingfisher recovery scheme with DGCA chief

In the latest development, E K Bharat Bhushan, the DGCA chief, announced that Vijay Mallya, the promoter of Kingfisher, shared with him during their meeting about the recovery scheme of the recession-hit airline.

Granules India eyes 40% growth rate in FY12

According to the managing director of Granules India, C Krishna, they have been looking forward to achieve 40% growth rate in the current financial year while eyeing near that figure in the following financial year.

IRB Infra Q3 order book now at Rs 9,100 crore

Anil Yadav, the chief financial officer of IRB Infrastructure Developers, revealed that the firm’s order book by the conclusion of quarter three stands at Rs 9,100 crore while their order book has EPC orders with an amount of around Rs 7,000 crore.

Madhucon Projects sees Rs 2600 crore FY13 topline

Madhucon Projects has been looking forward to obtain Rs 2600 crore through topline until the end of March next year as they eye to have better bottomline also, according to G Ramachandran, the firm’s chief financial officer.

BSE Sensex expands 0.48% as market surges again

The BSE Sensex advanced 81.41 points or 0.48% to settle at 17,077.18, its highest closing level since 14 November 2011. The index jumped 134.47 points at the day's high of 17,130.24 in mid-afternoon trade. The index rose 20.92 points at the day's low of 17,016.69 in morning trade.

The S&P CNX Nifty advanced 30.95 points or 0.6% to settle at 5,158.30, its highest closing level since 11 November 2011. The index hit a high of 5,174.15 and a low of 5,130.25 in intraday trade.

The BSE Mid-Cap index rose 1.25% and the BSE Small-Cap index gained 1.11%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2780 crore, lower than Rs 4673.08 crore on Tuesday, 24 January 2012.

Positive 1810 Negative 1050 Unchanged 120
From the 30 share Sensex pack, 18 rose and rest fell.

Reliance Communications parts ways with mobile merger unit

Reliance Communications announced that it already separated from its group a cellular merger unit between Etisalat of Abu Dhabi and DB Group of India due to failure to pay fees for its towers utilization.

Watson acquires Ascent Pharma for AUD 375 million

Watson Pharmaceuticals Inc announced that it already sealed an AUD 375 million cash deal to acquire Ascent Pharmahealth Ltd, the generic pharmaceutical unit of Strides Arcolab Ltd of India in Southeast Asia and Australia.

Coal India to impose low costs for energy firms

According to Sriprakash Jaiswal, the coal minister, Coal India is set to impose the latest pricing mechanism by the end of January with an assurance of no price hikes from energy producing firms.

YES Bank eyes 25-30% credit growth in FY12

The managing director and CEO of YES Bank, Rana Kapoor, announced that they have been looking forward to achieve a credit growth in the range of 25-30 percent in the current financial year.

India should reduce financial supports to grow by 9% says Montek

According to Montek Singh Ahluwalia, the Deputy Chairman of the Planning Commission, India should make an attempt to cut back expansion of funding if it desires to obtain its goal of 9% growth in the 12th 5-year scheme.

Lupin eyes better result than 20-25% growth guidance

The managing director of the pharmaceutical firm Lupin, Dr. Kamal K Sharma, announced that the firm has been aiming to surpass the 20-25% growth guidance for the whole financial year 2012.

Strides Arcolab plans to pay again for FCCB with sale funds

The group chief executive and vice chairman of Strides Arcolab, Arun Kumar, has been planning to utilize finances obtained by means of selling of its subsidiaries in Southeast Asia and Australia in order to make another payment for the foreign currency convertible bondholders or FCCB as well as cut the arrears.

BSE Sensex climbs 1.46% as market still on the groove

The BSE Sensex jumped 244.04 points or 1.46% to settle at 16,995.77, its highest closing level since 14 November 2011. The index gained 298.59 points at the day's high of 17,050.32 in early afternoon trade. The index rose 18.28 points at the day's low of 16,770.01 in morning trade.

The S&P CNX Nifty jumped 81.10 points or 1.61% to settle at 5,127.35, its highest closing level since 14 November 2011. The index hit a high of 5,141.05 and a low of 5,049.80 in intraday trade.

The BSE Mid-Cap index rose 1.38% and the BSE Small-Cap index gained 0.7%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 4664 crore, sharply higher than turnover of Rs 2159.90 crore on Monday, 23 January 2012.

Positive 1596 Negative 1217 Unchanged 134
From the 30 share Sensex pack, 22 rose and rest fell.

BSE Sensex expands 0.08% as market grows

The BSE Sensex advanced 12.72 points or 0.08% to settle at 16,751.73, its highest closing level since 7 December 2011. The index gained 44.49 points at the day's high of 16,784 in mid-afternoon trade. The index fell 79.69 points at the day's low of 16,659.32 in early trade.

The S&P CNX Nifty lost 2.35 points or 0.05% to settle at 5,046.25, its lowest closing level since 19 January 2012. The index hit a high of 5,059.55 and a low of 5,021.35 in intraday trade.

The BSE Mid-cap index rose 0.06% and underperformed the Sensex. The BSE Small-Cap index gained 0.27% and outperformed the Sensex.

BSE clocked turnover of Rs 2149 crore, lower than Rs 2948.20 crore on Friday, 20 January 2012.

Positive 1458 Negative 1332 Unchanged 129
From the 30 share Sensex pack, 18 rose and rest fell.

World sees India a very encouraging marketplace says Ernst & Young

Ernst & Young’s chairman and chief executive officer, James Turley, announced that the world still sees at India’s market to be very encouraging for investment amidst of some disappointments in the nation.

Jet Airways in fourth consecutive quarterly deficit

The biggest private carrier in India, Jet Airways, already attained its fourth consecutive quarterly deficit last Friday due to soaring fuel prices wherein the firm absorbed an Rs 101.22 crore deficit in the quarter until December 2011.

RBI must reduce rates: Finance Ministry

In the latest development, the RBI or Reserve Bank of India must reduce policy rates to provide a thrust to sectors that are interest rate susceptible, according to the Finance Ministry.

SKS Microfinance eyes growth again from Q4FY12 until FY13

The interim non-executive chairman of SKS Microfinance, PH Ravikumar, announced that they have been looking forward for to attain growth again starting in the last quarter of the current financial year until the next financial year.

Wipro eyes USD 1.52-1.55 billion revenue from I.T. unit

In the latest development, the rank number three software services exporting firm of India, Wipro, has been eyeing to attain revenue in the range of USD 1.52 billion to USD 1.55 billion from the firm’s I.T. services subsidiary.

Rs 6500 crore exposure to energy segment says Andhra Bank

The chairman as well as managing director at Andhra Bank, BA Prabhakar, announced that they experienced nice rebound in the previous quarter as they have Rs 6,500 crore exposure to energy segment.

Hero MotoCorp to grow capacity to 7 million units annually

The senior VP Marketing & Sales of Hero MotoCorp, Anil Dua, announced that they have been planning to increase output capacity at its refineries from 6.2 million units annually to 7 million units in order to satisfy stable demand.

Onmobile Global gets lift from Latin America, Europe businesses

The chief executive officer as well as managing director of Onmobile Global, Arvind Rao, revealed that the entire output from Latin Americas along with Europe, their foreign businesses, has been going really steady as well as right on target.

Sunil Dutt refutes BlackBerry sale

In the latest development, Sunil Dutt, the fresh managing director of RIM, the manufacturer of BlackBerry, announced that the gossips in selling BlackBerry are not true.

Parkside Hotels eyes USD 400 million foray in India until 2014

Parkside Hotels and Resorts, a hospitality service firm, announced this day that it has been planning to make an investment worth USD 400 million in India until 2014 as it observed that hospital market is emerging both in China and India.

Sandeep Gupta assigned as COO by Glenmark Pharma

Glenmark Pharmaceuticals, a leading pharma firm, announced this day that it already assigned Michael Buschle as the CSO or Chief Scientific Officer while Sandeep Gupta as the COO of Chief Operating Officer.

Praj Industries may not hit revenue target in 2012

According to the chairman of Praj Industries, Pramod Chaudhari, they are not that confident on reaching Rs 800 crore revenue as well as Rs 75 crore bottomline this 2012.

HEG eyes to be world’s top graphite refinery

The producer as well as exporter of graphite electrodes in India, HEG, revealed about its huge goal this 2012, according to the firm’s chief executive officer Manvinder Singh Ajmani, wherein they intend to be the world’s hugest graphite refinery via production growth at 80,000 tonnes.

Vodafone lauds decision of Supreme Court

The parent firm of Vodafone Essar, the British Vodafone Group Plc, lauded this day the decision of the Supreme Court to leave behind the verdict of the Bombay High Court ordering the firm to settle the income tax worth Rs 11,000 crore.

BSE Sensex grows 0.57% as market ends week on bright note

The BSE Sensex jumped 95.27 points or 0.57% to settle at 16,739.01, its highest closing level since 7 December 2011. The index jumped 144.74 points at the day's high of 16,788.48 in late trade. The index lost 32.03 points at the day's low of 16,611.71 in late trade.

The S&P CNX Nifty advanced 30.20 points or 0.6% to settle at 5,048.60, its highest closing level since 7 December 2011. The index hit a high of 5,064.15 in intraday trade. The index hit a low of 5,004.30 in intraday trade.

The BSE Mid-Cap index rose 0.18% and the BSE Small-Cap index gained 0.08%. Both these indices underperformed the Sensex.

The total turnover on BSE amounted to Rs 2937 crore, higher than Rs 2509.13 crore clocked on Thursday, 19 January 2012.

Positive 1380 Negative 1526 Unchanged 105
From the 30 share Sensex pack, 20 rose and rest fell.

Hindusthaan Eco Ventures aims IPO for business growth

Hindusthaan Eco Ventures aims to embark on the capital market for financing its business widening venture as it submitted document with SEBI for its IPO worth Rs 90 lakh equity shares.

JSPL eyes Rs 4-4.25 per unit merchant power rates

According to the director and group CFO of JSPL, Sushil Maroo, the need for steel already tapered off whereas he looks forward for merchant power rates to go nearly Rs 4-4.25 every unit.

Food price index slumps 0.42% Year-on-Year until January 7

The food price index of India slumped 0.42% in the year until January 7 while the fuel price index surged a yearly 14.45%, according to the government statistics this day.

Dishman Pharma unit acquires Creapharm

The chief financial officer of Dishman Pharma, VVS Murthy, announced that their unit Carbogen Amcis AG already purchased Creapharm Parenterals, a research and development formulation firm, through internal funds.

KEC International’s present order book above Rs 9,000 crore

In the latest development, the chief financial officer of KEC International, Vardhan Dharkar, has already announced that the firm’s present order book has reached above Rs 9,000 crore.

Dish TV fails to reach subscriber guidance in FY12

The chief executive officer of Dish TV, RC Venkateish, announced that they failed to reach their guidance of 3-3.5 million subscribers in the current financial year as they eye only to obtain around 2.6-2.7 million subscribers.

Tata Coffee net profit declines due to increasing costs

The managing director of Tata Coffee, Hameed Huq, announced that the firm absorbed a decline in net profit by 51.67% on back of its U.S.-based unit, Eight O' Clock, having a tough time because of increasing costs.

BSE Sensex climbs 1.17% as market surge ahead

The BSE Sensex surged 192.27 points or 1.17% to settle at 16,643.74, its highest closing level since 7 December 2011. The index gained 210.59 points at the day's high of 16,662.06 in early trade. The index rose 120.63 points at the day's low of 16,572.10 in afternoon trade.

The S&P CNX Nifty jumped 62.60 points or 1.26% to settle at 5,018.40, its highest closing level since 7 December 2011. The index hit a high of 5,023.80 and a low of 4,991.40 in intraday trade.

The BSE Mid-Cap index rose 1.43% and the BSE Small-Cap index gained 1.24%. Both these indices outperformed the Sensex.

The total turnover on BSE amounted to Rs 2498 crore, higher than Wednesday's Rs 2484.53 crore.

Positive 1814 Negative 990 Unchanged 125
From the 30 share Sensex pack, 23 rose and rest fell.

Infotech eyes to sustain 18-20% margins

The chairman and managing director of Infotech, BVR Mohan Reddy, announced that the firm is optimistic to sustain margins in the range of 18% to 20% in the coming couple of quarters on back of surging pipeline.

Bajaj FinServ to have QIP scheme in FY13

The managing director of Bajaj Finserv, Sanjiv Bajaj, announced that the firm has been eyeing to have its QIP scheme in the coming financial year wherein they recently obtained Rs 170 crore growth in consolidated net profit.

Bharti given by I.T. department tax demand notice worth Rs 1,067 crore

In the latest development, the income tax department sent a notice of demand worth Rs 1,067 crore on Bharti Airtel due to its failure to pay TDS on international businesses.

Bajaj Finance eyes Rs 13,000 crore loan book by March 31

Rajeev Jain, the CEO of Bajaj Finance, the leading non-banking monetary firm when it comes to consumer durable loans, announced that the firm has been looking forward to obtain a loan book worth Rs 13,000 crore on March 31.

NMDC eyes to buy Australian mineral assets

The mining firm in Australia, Legacy Iron, announced that NMDC, a government-run firm, has been eyeing to purchase mineral assets like iron ore, coal as well as phosphate in Australia wherein NMDC purchased 50% holdings.

Bharti Zambia subsidiary eyes about 25% client rise in 2012

The subsidiary of Bharti Airtel in Zambia has been aiming to expand its number of subscribers by more or less 25% in the current year following the same figure as compared to last year, according to its managing director Fayaz King.

Jindal Steel eyes Rs 6,000 crore FY13 capex

Jindal Steel & Power Ltd has been looking forward to invest Rs 6,000 crore on capital expenditure in the financial year that begins in April, according to the firm’s chief financial officer Sushil Maroo.

BSE Sensex sinks 0.09% as market goes red

The BSE Sensex shed 14.58 points or 0.09% to settle at 16,451.47, its lowest closing level since 16 January 2012. The index gained 51.91 points at the day's high of 16,517.96 in mid-morning trade, its highest level since 8 December 2011. The index fell 81.57 points at the day's low of 16,384.48 in mid-afternoon trade.

The S&P CNX Nifty shed 11.50 points or 0.23% to settle at 4,955.80, its lowest closing level since 16 January 2012. The index hit a high of 4,980.65 in intraday trade, its highest level since 8 December 2011. The index hit a low of 4,931.05 in intraday trade.

The BSE Mid-Cap index fell 1.16% and the BSE Small-Cap index shed 1%. Both these indices underperformed the Sensex.

The total turnover on BSE amounted to Rs 2475 crore, lower than Rs 2684.37 crore clocked on Tuesday, 17 January 2012.

Positive 1088 Negative 1718 Unchanged 108
From the 30 share Sensex pack, 18 fell and rest rose.

HCL Tech bags more than USD 1 billion from 18 pacts in Q2

The vice chairman and chief executive officer of HCL Tech, Vineet Nayar, announced that the firm lately obtained four fresh European clients as they bagged more than USD 1 billion from 18 pacts in quarter two.

India to expand in 7.7% in 2012, 7.9% in 2013: UN report

According to the UN report on 'World Economic Situation and Prospects 2012', the economy of India has been predicted to grow until 2013 at a rate just like last year wherein in 2012, the rate will be 7.7% while in 2013, it will be 7.9%.

JK Paper hikes coated paper price beyond 3%

The chief financial officer of JK Paper, V Kumarswamy, announced that the firm already made a price increase in coated paper beyond 3% due to huge dumping from China in relation to safeguard as well as dumping duties implemented by both the United States and Europe in 2011.

Maruti, General Motors raises car costs by utmost Rs 17,000

Maruti Suzuki and General Motors India, the leaders in car industry, announced that they already raised the costs of different models by utmost Rs 17,000 to compensate for the increasing input prices as well as the effect of volatile currency.

Government of Singapore acquires 1.09% holdings in RIL

According to the recent statistics from the Government of Singapore, the nation’s admin already purchased 1.09% equity shares in Reliance Industries or RIL, which is being managed by Mukesh Ambani, to the amount of Rs 2,500 crore.

Kajaria Ceramics eyes 35% FY12 topline expansion

The chairman and managing director of Kajaria Ceramics, Ashok Kajaria, announced that the firm has been expecting to achieve 35% top-line expansion for the entire financial year 2011-2012 as he eyes margins to keep on being steady.

Vishwanath Sugar to launch IPO to accrue Rs 3.74 billion

In the latest development, Vishwanath Sugar and Steel already announced that the firm has submitted its documents for its IPO or initial public offering in order to accumulate Rs 3.74 billion.

BSE Sensex soars 1.71% as market in green

The BSE Sensex jumped 276.69 points or 1.71% to settle at 16,466.05, its highest closing level since 8 December 2011. The index jumped 312.02 points at the day's high of 16,501.38 in mid-afternoon trade. The index rose 81.51 points at the day's low of 16,270.87 in early trade.

The S&P CNX Nifty jumped 93.40 points or 1.92% to 4,967.30, its highest closing level since 7 December 2011. The index hit a high of 4,975.55 and a low of 4,904 in intraday trade.

The BSE Mid-Cap index rose 1.34% and the BSE Small-Cap index gained 1.07%. Both these indices underperformed the Sensex.

The total turnover on BSE amounted to Rs 2673 crore, higher than Monday's (16 January 2012) turnover of Rs 2092.59 crore.

Positive 1911 Negative 982 Unchanged 99
From the 30 share Sensex pack, 24 rose and rest fell.

Center getting negative services list allowed by govt says KPMG

The deputy chief executive officer and chairman of KPMG, Dinesh Kanabar, revealed that the state admins gave their approval to the Center receiving an unfavorable services list for taxation reasons.

Reliance Industries downgraded to “underweight”

Reliance Industries was downgraded to “underweight” by Morgan Stanley from “equalweight” since it eyes the power leader’s gross refining margins, exploration as well as capacity volumes to decline.

Coal India to raise wage looms

The global leader in coal mining, Coal India, is set to seal a 5-year deal with the unions of its laborers to raise salaries by 25% wherein it will augment around 40 billion rupees to its yearly wage bill.

IRB Infra verifies acquisition of aircraft

The chairman and managing director of IRB Infra, VD Mahiskar, revealed that they already purchased an aircraft to the amount of Rs 107 crore last year in November and they have announced this publicly.

CRISIL sees Rs 1.4 trillion under-recoveries for oil marketing firms in FY12

CRISIL announced that the oil marketing firms’ under-recoveries will grow almost 100% as well as reach a record high of Rs 1.4 trillion in the current financial year as compared to Rs 78,000 crore in the previous financial year.

Globus Spirits eyes capacity growth starting third quarter

The chief financial officer of Globus Spirits, Bhaskar Roy, announced that the effect of the expanded production is set to be achieved in quarter three of the current financial year with sights of complete capacity in the last quarter.

CMC grows client base by 21

CMC, the unit of Tata Consultancy Services, already made an announcement through its managing director and CEO R Ramanan, that the firm’s client base grew by 21 as its average effective tax rate declined at 29.2%.

SREI Infra reveals 150-200 bps rise in cost of money

In the latest development, the chairman as well as the managing director of SREI Infrastructure, Hemant Kanoria, made an announcement that the cost of money already soared by 150-200 bps.

Diamond Power eyes sales about Rs 2,000 crore in FY12

The managing director of Diamond Power Infrastructure, Amit Bhatnagar, announced that the firm has been looking forward to conclude the current financial year with sales of more or less Rs 2,000 crore.

Ministry of Mines opposes increase in export duty

The Additional Secretary of Ministry of Mines, A K Srivastava, announced that they have showed strong opposition for the rise in the export duty which was decided by the Finance Ministry due to low grade iron ore in India.

Binani Cement margins on current slump

The managing director of Binani Cement, Vinod Juneja, announced that their margins have been slumping because of increasing costs of coal across the world while the petrol prices are very unstable.

BSE Sensex surges 0.73% as market skyrockets

The BSE Sensex jumped 117.11 points or 0.73% to settle at 16,154.62, its highest closing level since 11 January 2012. The index jumped 219.83 points at the day's high of 16,257.34 in mid-afternoon trade, its highest level since 12 December 2011. The index rose 12.27 points at the day's low of 16,049.78 in mid-morning trade.

The S&P CNX Nifty surged 34.75 points or 0.72% to settle at 4,866, its highest closing level since 9 December 2011. The index hit a high of 4,898.85 in intraday trade. The index hit a low of 4,834.20 in intraday trade.

The BSE Mid-Cap index rose 1.14% and the BSE Small-Cap index gained 1.44%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2725 crore, higher than Rs 2596.20 crore on Thursday, 12 January 2012.

Positive 1892 Negative 922 Unchanged 85
From the 30 share Sensex pack, 19 rose and rest fell.

Thomas Cook PLC not eyeing to sell Indian unit

In the latest development, the managing director of Thomas Cook India, Madhavan Menon, announced that Thomas Cook PLC, its parent firm, does not intend to put on sale its Indian subsidiary.

ICICI Lombard GIC in JV with IIRM

The Institute of Insurance and Risk Management or IIRM as well as ICICI Lombard General Insurance Company Ltd announced this day that they already sealed a MoU launching a Post Graduate Program in Risk along with General Insurance or PG-PRGI.

Rs 500 crore venture capital fund launched by LIC Home Finance

LIC Housing Finance or LICHFL, the housing finance unit of the life insurance leader LIC or Life Insurance Corporation, announced this day that they already introduced a venture capital fund worth Rs 500 crore for financing ventures in real estate as well as micro infrastructure.

BSE Sensex slides 0.86% as market declines

The BSE Sensex lost 138.35 points or 0.86% to settle at 16,037.51, its lowest closing level since 9 January 2012. The index rose 2.72 points at the day's high of 16,178.58 in mid-morning trade. The index fell 213.27 points at the day's low of 15,962.59 in afternoon trade.

The S&P CNX Nifty was down 29.70 points or 0.61% to settle at 4,831.25, its lowest closing level since 9 January 2012. The index hit a low of 4,803.90 and a high of 4,869.20 in intraday trade.

The BSE Mid-Cap index rose 0.26% and the BSE Small-Cap index gained 0.15%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2585 crore, lower than Rs 2620.59 crore on Wednesday, 11 January 2012.

Positive 1433 Negative 1317 Unchanged 129
From the 30 share Sensex pack, 20 rose and rest fell.

Government to invest Rs 6,000 crore in SBI

The state admin already gave an approval to invest new funds into State Bank of India via a preferential issue while the nation’s biggest lending firm is set to receive utmost Rs 6,000 crore by the end of the financial year, according to Pratip Chaudhuri.

Shree Renuka aims 24.7-26 million tonnes sugar capacity

Narendra Murkumbi, the managing director of Shree Renuka Sugars, announced that the firm’s capacity for 2012 is estimated to be achieved in the range of 24.7 million to 26 million tonnes at this present time.

GoM to make decision on international firms holdings acquisition in airlines

A Group of Ministers or GoM is set to have a conference in India for the purpose of making a decision to permit international firms to acquire equity shares in the airline segment, according to Ajit Singh, the Civil Aviation Minister.

BSE Sensex jumps 0.07% as market in upsurge

The BSE Sensex rose 10.77 points or 0.07% to settle at 16,175.86 its highest closing level since 9 December 2011. The index rose 79.61 points at the day's high of 16,244.70 in early afternoon trade. The index fell 37.32 points at the day's low of 16,127.77 in mid-afternoon trade.

The S&P; CNX Nifty advanced 11.40 points or 0.24% to settle at 4,860.95, its highest closing level since 9 December 2011. The index hit a high of 4,877.20 and a low of 4,841.60 in intraday trade.

The BSE Mid-Cap index rose 1% and the BSE Small-Cap index rose 1.32%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2611 crore, higher than Rs 2555.43 crore on Tuesday, 10 January 2012.

Positive 1880 Negative 951 Unchanged 110
From the 30 share Sensex pack, 16 rose and rest fell.

Big CBS to introduce Punjabi TV channel

The merger unit of Reliance Broadcast Network as well as CBS Studios International, Big CBS, has been currently widening up its operations in the regional sector with a targeted introduction of a Punjabi TV channel.

Auto sales surges 8.5% last December

The Indian auto sales already surged a yearly 8.5% last December following with a growth rate the previous month. This was a big rebound considering the previous setbacks in the latter part of last year.

Sunteck Realty wins Rs 400 crore land in Mumbai

Sunteck Realty, a real estate developing firm, already obtained a land in uptown Mumbai which is 15 acres in area. The firm is set to investment Rs 400 crore for this housing development project.

BSE Sensex climbs 2.22% as market soars

The BSE Sensex jumped 350.37 points or 2.22% to settle at 16,165.09, its highest closing level since 9 December 2011. The index jumped 366.25 points at the day's high of 16,180.97 in late trade. The index gained 83.60 points at the day's low of 15,898.32 in early trade.

The S&P; CNX Nifty jumped 106.75 points or 2.25% to settle at 4,849.55, its highest closing level since 9 December 2011. The index hit a high of 4,855.90 and a low of 4,768.25 in intraday trade.

The BSE Mid-Cap index rose 2.24% and the BSE Small-Cap index gained 2.63%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2545 crore, higher than Rs 1986.31 crore on Monday, 9 January 2012.

Positive 2152 Negative 681 Unchanged 95
From the 30 share Sensex pack, 28 rose and rest fell.

M&M; eyes just 10% rise in the FY13 tractor sector

Mahindra & Mahindra or M&M has been looking forward to attaining just 10% expansion in the tractor segment in the coming financial year after the firm made total sales of 15315 units in December last year.

La Opala eyes 50% capacity rise in FY13

According to Sushil Jhunjunwala, the managing director of La Opala, their capacity expansion in the coming financial year is being looked forward to be obtained at more or less 50%.

Zydus purchases full holdings in Biochem unit in India

According to the Joint Managing Director of Biochem Pharmaceutical Industries, Mayank Shah, Zydus Cadila already purchased all the equity shares in the Indian subsidiary of the firm in Mumbai.

Watson eyes market share of Lipitor of Pfizer to go on declining

Watson Pharmaceuticals Inc., a generic-medicine manufacturer, announced that the market share of Pfizer Inc for Lipitor, a cholesterol drug, is being predicted to decrease even more until June of the current financial year.

Tara Jewels submits DRHP for its IPO once more

Tara Jewels already submitted its documents of DRHP with SEBI once more for its IPO wherein the firm has raised its issue size from last year’s Rs 200 crore to Rs 220 crore.

JHS Svendgaard rises prices to sustain margins

The managing director of JHS Svendgaard Laboratories, Nikhil Nanda, announced that the firm already implemented price increase to sustain their margins to the accepted figures that they have been obtaining before.

R Gopalan eyes Budget to come in between March 12-16

R Gopalan, the Economic Affairs Secretary, announced that the Budget will most probably be tabled in anytime from March 12 to March 16 since there was no exact schedule has been set.

BSE Sensex gains 0.07% as market ends week on bright noteBSE Sensex gains 0.07% as market ends week on bright note

The BSE Sensex rose 10.65 points or 0.07% to settle at 15,867.73, its highest closing level since 4 January 2012. The index declined 192.17 points at the day's low of 15,664.91 in mid-morning trade, its lowest level since 3 January 2012.

The S&P CNX Nifty rose 4.15 points or 0.09% to settle at 4,754.10, its highest closing level since 3 January 2012. The index hit a low of 4,686.85 in intraday trade, its lowest level since 3 January 2012. The index hit a high of 4,794.90 in intraday trade, its highest level since 27 December 2011.

The BSE Mid-Cap index fell 0.09% and underperformed the Sensex. The BSE Small-Cap index rose 0.02% and underperformed the Sensex.

BSE clocked turnover of Rs 1961 crore, slightly higher than Rs 1948.54 crore on Thursday, 5 January 2012.

Positive 1429 Negative 1309 Unchanged 110
From the 30 share Sensex pack, 16 fell and rest rose.

BSE Sensex falls 0.16% as market still on weak performance

The BSE Sensex lost 25.56 points or 0.16% to settle at 15,857.08, its lowest closing level since 2 January 2012. The index rose 97.53 points at the day's high of 15,980.17 in morning trade. The index fell 73.33 points at the day's low of 15,809.31 in late trade.

The S&P CNX Nifty gained 0.30 points or 0.01% to settle at 4,749.95, its highest closing level since 3 January 2012. The index hit a high of 4,779.80 and a low of 4,730.15 in intraday trade.

The BSE Mid-Cap index fell 0.01% while the BSE Small-Cap index rose 0.21%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 1941 crore, lower than Rs 2183.70 crore on Wednesday, 4 January 2012.

Positive 1443 Negative 1236 Unchanged 156
From the 30 share Sensex pack, 17 fell and rest rose.

Auto sales sluggish growth “short and temporary”

According to the chief executive and managing director of Maruti Suzuki, Shinzo Nakanishi, the sluggish growth in auto sales in India is considered only as “short and temporary”.

Maruti Suzuki launches fresh compact SUV concept in India

Maruti Suzuki, the hugest passenger auto manufacturer in India, announced this Thursday that they already introduced at the Auto Expo in Delhi a fresh compact SUV concept XAá (Alpha).

Hyundai eyes single-digit revenue rise in Indian auto industry

The ranked number two auto manufacturer by sales in India, Hyundai Motor Co of South Korea, has been eyeing to achieve a single-digit revenue expansion for the Indian auto market in the current year.

December capacity of ACC Cement rises 6%

In the latest development, ACC Cement already obtained a 6% increase in its capacity of 2.03 million tonnes during the month of December 2011 as compared to the same period last year.

40 Megawatt Gujarat solar energy unit commissioned by Adani Group

Adani Group, an infrastructure firm, already commissioned a 40 Megawatt solar energy refinery located in the Kutch district, Gujarat which is considered as the hugest Indian solar energy refinery.

SBI economist eyes 0.5% CRR cut this Jan. 24

The SBI economist, Brinda Jagirdar, has been looking forward for a 0.5% CRR cut as the Reserve Bank of India aims to declare the quarter three financial policy evaluation this coming January 24.

Food inflation declines at -3.36%

The food inflation embarked into the below zero level at -3.36% during the week until December 24 wherein decrease in costs of vegetables, onion, potato as well as wheat was observed, according to Pranab Mukherjee, the Finance Minister.

KEC International now with Rs 9000 crore order book

KEC International, an engineering and construction firm, already obtained fresh orders worth Rs 1,253 crore from different sectors as the firm achieved a total order book of Rs 9,000 crore, according to its managing director Ramesh Chandak.

Ford’s USD 142 million investment in India looms

The managing director of Ford India, Michael Boneham, announced this Wednesday that Ford Motor Co is set to make investment worth USD 142 million to produce a fresh international compact SUV at the firm’s Chennai refinery.

Latest plant of JVL Agro to generate Rs 1,500 crore yearly revenue

According to the full-time director of JVL Agro Industries, its latest refinery to be operational this coming March is expected to generate revenue worth Rs 1,500 crore yearly at 80% production.

BSE Sensex slumps 0.36% as market dips

The BSE Sensex lost 56.72 points or 0.36% to settle at 15,882.64, its lowest closing level since 2 January 2012. The index fell 117.04 points at the day's low of 15,822.32 in mid-afternoon trade. The index rose 65.33 points at the day's high of 16,004.69 in mid-afternoon trade, its highest level since 27 December 2011.

The S&P CNX Nifty shed 15.65 points or 0.33% to settle at 4,749.65, its lowest closing level since 2 January 2012. The index hit a high of 4,782.85 in intraday trade, its highest level since 27 December 2011. The index hit a low of 4,728.85 in intraday trade.

The BSE Mid-Cap index rose 0.17% and the BSE Small-Cap index rose 0.10%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2178 crore, higher than Rs 1850.45 crore on Tuesday, 3 January 2012.

Positive 1499 Negative 1200 Unchanged 135
From the 30 share Sensex pack, 18 rose and rest fell.

BSE Sensex rises 2.72% as market in upturn

The BSE Sensex rose 421.44 points or 2.72% to settle at 15,939.36, its highest closing level since 26 December 2011. The index surged 452.39 points at the day's high of 15,970.31 in late trade. The index rose 122.64 points at the day's low of 15,640.56 in early trade.

The S&P CNX Nifty rose 128.55 points or 2.77% to settle at 4,765.30, its highest closing level since 26 December 2011. The index hit a high of 4,773.10 in intraday trade. The index hit a low of 4,675.80 in intraday trade.

The BSE Mid-Cap index rose 2.42% and the BSE Small-Cap index rose 2.33%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 1845 crore, higher than Rs 1367.38 crore on Monday, 2 January 2012.

Positive 2019 Negative 740 Unchanged 109
From the 30 share Sensex pack, 28 rose and rest fell.

Reliance Power, Shell under negotiations for LNG terminal project

Reliance Power has been currently under negotiations with Royal Dutch Shell, an energy leading firm, to mutually establish a liquefied natural gas or LNG terminal to provide supplies for its gas-fired energy refinery.

TV18 to acquire television unit of ETV

TV 18 Broadcast Ltd announced this Tuesday that they have been planning to invest utmost 21 billion rupees to acquire the television unit of ETV, a regional broadcaster, wherein they are set to gain management control of the news as well as entertainment channels of ETV.

Four-wheeler RE60 launched by Bajaj Auto

Bajaj Auto announced this Tuesday that they are launching in the market the four-wheeler RE60 which is being expected to modernize mass transportation as well as alter the method people commute within the municipality.

Suzlon unit bags 120 Megawatt order in US wind turbine venture

The North American unit of Suzlon Energy, Suzlon Wind Energy Corp, already bagged an order to provide wind turbines producing 120 Megawatts of energy for a huge venture to be situated in western U.S.

India eyes selling Rs 14,000 crore of bonds

India has been eyeing to put on sale Rs 14,000 crore worth of bonds this coming January 6, according to the central bank wherein the state admin is set to sell Rs 4,000 crore of 7.83% 2018 bond, Rs 7,000 crore of 8.79% 2021 bonds and Rs 3,000 crore of 8.28% 2032 bonds.

Jacob Ballas to acquire assets worth 2 billion rupees

According to the monetary services firm Religare Enterprises, Jacob Ballas is set to make investment worth 2 billion rupees in its non-banking monetary subsidiary in order to contribute in its operations growth.

Astec eyes 30% FY13 revenue expansion

The chairman of Astec Lifesciences, Ashok Hiramat, announced that they have been aiming to return to their original profit margins at around 10-12% profit after tax margins in the upcoming financial year wherein they expect growth of around 30% in the current fiscal year.