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Friday, October 29, 2010
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Reliance Power signs $8.3-b deal with Shanghai Electric
SEC to supply generation units, spare parts for 10 years. In the biggest deal yet between a Chinese and private Indian company, Reliance Power on Thursday announced that it has given a $8.3-billion contract to Shanghai Electric Group Co Ltd ...

Bugatti vrooms into Nano land with Rs 16-cr Veyron
Uber luxury car-maker eyes growing ultra-rich. It happens only in India — the cheapest and the most expensive car in the world being sold on the ...

Eyecatching: The Managing...
TODAY'S PICK (Latest Audio: English/Tamil)
Essel Propack (Rs 50): Buy
We recommend a buy in the stock of Essel Propack from a short-term perspective. It is evident from the charts of the stock that it has been on a long-term uptrend from its March 2009 low of Rs 9.5. In May , the stock found support around ...

Day Trading Guide

GlaxoSmithKline takes diabetes drug Windia off the shelves
Drug-maker GlaxoSmithKline Pharmaceuticals has taken its diabetes drug Rosiglitazone off market shelves in India. The medicine has been under a cloud, following global reports linking it to an increase in strokes and ...

Core sector growth dips to 2.5% in Sept
Industrial growth appears to be moderating going by the latest official data on production of six ‘core' ...

Food inflation eases to 13.75% on cheaper vegetables, pulses
Food inflation, based on the annual Wholesale Price Index, eased sharply in mid-October, even as it continues to remain high to exert pressure on the RBI to hike interest ...

GM plans $500-m investment to expand India operations
To source $100-m components for global requirements. General Motors (GM) plans to invest $500 million in the next 12 months for expansion of its operations in India and source components for its global requirements worth $100 million each year ...

SAIL Q2 profit drops on high input, wage costs
Steel prices to remain stable. Public sector steelmaker SAIL on Thursday attributed a 34 per cent drop in profits for the quarter ended September 30 to rising costs of raw materials, such as coking coal, and increasing ...

ONGC net up 5.9% on high energy prices
High energy prices have helped ONGC post a 5.9 per cent increase in net profit during the second quarter of the current fiscal. The company has clocked a net profit of Rs 5,389 crore in the quarter, up from Rs 5,090 crore in the same quarter ...

Cairn India hits profit gusher in Q2 on Mangala oil sales
Cairn India Ltd and its subsidiary companies have reported a more than three-fold increase in net profit at Rs 1,585.1 crore in the second quarter of the current financial year against Rs 469 crore in the corresponding quarter of ...

Grasim net slides as demand for cement slackens
Grasim Industries' net profit on a consolidated basis more than halved to Rs 323 crore (Rs 781 crore) in the ...

Tech firms turn focus on talent retention
Measures such as re-banding people, more frequent promotions help cap attrition level. In a rebound economy, tech majors are looking at motivating and retaining talent with a ...

Crisil downgrades Jetair ratings
Crisil has downgraded the ratings of Jetair Pvt Ltd to BB negative as the company's business risk profile ...

Infosys Consulting to hire 40% more this fiscal
Infosys Consulting, which was one of the main drivers of its parent's last quarter's robust growth, plans to hire 40 per cent more this fiscal, and is looking at acquisition to expand its geographical ...

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Markets (Oct 28)
Nifty (at close)5,987.70(-24.95)
US Dollar(Buy/Sell)44.53/54
Brent crude (a bbl) Rs3,705
Gold (a gram) Rs1,800
Silver (a kg) Rs36,005

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