Sagar Investments
 
 
    BSE 26638.109 (+0.29%)   0.00 (0.00%)  532977.BO 0.00 (N/A)  532454.BO 0.00 (N/A)   0.00 (0.00%)   0.00 (0.00%)   0.00 (0.00%)   0.00 (0.00%)  500425.BO 0.00 (N/A)   0.00 (0.00%)   0.00 (0.00%)  500182.BO 0.00 (N/A)   0.00 (0.00%)   0.00 (0.00%)  500209.BO 0.00 (N/A)   0.00 (0.00%)  500510.BO 0.00 (N/A)   0.00 (0.00%)   0.00 (0.00%)   0.00 (0.00%)   0.00 (0.00%)  532703.BO 0.00 (N/A)  532704.BO 0.00 (N/A)  500325.BO 0.00 (N/A)  500376.BO 0.00 (N/A)  500112.BO 0.00 (N/A)  500570.BO 0.00 (N/A)   0.00 (0.00%)   0.00 (0.00%)   (stocks delayed by 10 minutes)
    MF  BIRLA SUN LIFE EQUITY FUND-G     418.89    (-0.43)       BNP PARIBAS MIDCAP FUND-G     19.865    (0.036)       DAIWA INDUSTRY LEADERS-G     12.78    (0.11)       FRANKLIN INDIA FLEXI CAP FUND-G     52.1627    (0.1593)       FRANKLIN INDIA HIGH GROWTH COMPANIES FUND-G     24.0637    (-0.0054)       IDFC PREMIER EQUITY FUND - REGULAR PLAN-G     59.1552    (0.2158)       IDFC STERLING EQUITY FUND - REGULAR PLAN-G     30.3696    (-0.0613)       MORGAN STANLEY A.C.E. FUND - REGULAR PLAN-G     20.697    (-0.161)       RELIANCE GROWTH FUND-G     668.1915    (-1.1741)       RELIANCE REGULAR SAVINGS FUND - EQUITY OPTION-G     44.1881    (-0.1239)       SBI CONTRA FUND-G     77.3166    (0.033)       SUNDARAM SELECT MIDCAP FUND - REGULAR PLAN-G     267.0478    (-0.5844)      
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Sagar Investments

407 Satyam Mall,
Nr Vishveshwar Mahadev,
Vastrapur, Ahmedabad. - 380 015
Gujarat India
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Pihas Parikh: 93270 00930 / 94281 23823
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Latest News
 
Date: 29/08/2014
Mutual Funds NAVs gain as markets end higher
Mutual Funds NAVs gain as markets end higher Equity and debt Mutual Funds closed in a positive terrain as the 50-share NSE Nifty ended the August series at new closing high on Thursday supported by private banking and financials, capital goods, FMCG and oil gas stocks.
Date: 29/08/2014
Indian turmeric futures ended lower as rains in the leading
Indian turmeric futures ended lower as rains in the leading Indian turmeric futures ended lower as rains in the leading producing state of Tamil Nadu boosted production prospects. Hybrid turmeric prices improved at the ...
Date: 29/08/2014
Gold heads for first monthly gain since June on Ukraine
Gold heads for first monthly gain since June on Ukraine Ukraine's president said on Thursday that Russian troops had entered his country in support of pro-Moscow rebels who captured a key coastal town, sharply escalating a separatist war and prompting anger and alarm among Kiev's Western allies.
Date: 29/08/2014
Wall Street loses ground as Ukraine crisis deepens
Wall Street loses ground as Ukraine crisis deepens Worries over tension abroad had largely receded from Wall Street, with major indexes seeing few negative days over the past two weeks, and the Dow and SP both hitting record highs.
Date: 29/08/2014
Asian shares slump as Ukraine tensions flare
Asian shares slump as Ukraine tensions flare Ukraine's president said Russian troops had entered his country in support of pro-Moscow rebels who captured a key coastal town, escalating a five-month-old separatist conflict.
Date: 29/08/2014
U.S. stocks fall as Ukraine eclipses upbeat data; Dow falls 0.25%
U.S. stocks fall as Ukraine eclipses upbeat data; Dow falls 0.25% U.S. stocks fall as Ukraine eclipses upbeat data; Dow falls 0.25%
Date: 29/08/2014
Dollar up on robust U.S. data, though Ukraine crisis trims gains
Dollar up on robust U.S. data, though Ukraine crisis trims gains Dollar up on robust U.S. data, though Ukraine crisis trims gains
Date: 29/08/2014
Gold gains as Ukraine tensions heat up, shrugs off U.S. data
Gold gains as Ukraine tensions heat up, shrugs off U.S. data Gold gains as Ukraine tensions heat up, shrugs off U.S. data
Date: 28/08/2014
Natural gas dips as weather forecasts throttle back on heat wave calls
Natural gas dips as weather forecasts throttle back on heat wave calls Natural gas dips as weather forecasts throttle back on heat wave calls
Date: 28/08/2014
Syndicate Bank bribery case: CBI registers two new PEs
Syndicate Bank bribery case: CBI registers two new PEs CBI sources said the enquiries will look into alleged irregularities in the extension of credit facilities by UCO Bank and Bank of Maharashtra in the borrowers account facilitated by Pawan Bansal of Altius Finserve, an accused in the Syndicate Bank bribery scandal, and his associates.
Date: 28/08/2014
'Banks to 1st bear cost of Pradhan Mantri Jan-Dhan Yojana'
GS Sandhu The scheme hopes to accomplish the objective of housing for all by providing basic banking accounts with a debit card with in-built accident insurance.
Date: 28/08/2014
Sujana Towers: Outcome of board meeting
Sujana Towers: Outcome of board meeting Sujana Towers at its meeting held on August 28, 2014, has considered and approved the appointment of Shri M. V. Bhaskara Rao (existing Independent and Non-Executive Director) as Independent and Non-Executive Chairman of the Board of Directors of the Company.
Date: 28/08/2014
Aplab: Outcome of board meeting
Aplab: Outcome of board meeting Aplab at its meeting held on August 28, 2014, has approved to make Corporate Debt Restructuring (CDR) application to Corporation Bank and Bank of Maharashtra in view of the present financial condition and large outstanding debts.
Date: 28/08/2014
Sujana Metal Products: Outcome of board meeting
Sujana Metal Products: Outcome of board meeting Sujana Metal Products has informed regarding Outcome of Board Meeting held on August 28, 2014.
Date: 28/08/2014
Sujana Universal Industries: Outcome of board meeting
Sujana Universal Industries: Outcome of board meeting Sujana Universal Industries at its meeting held on August 28, 2014, has considered and approved the appointment of Dr. V. Malakonda Reddy as an Additional Director (Independent Director), under Section 149 161 of the Companies Act, 2013 and as Independent Non-Executive Chairman of the Board.
Date: 28/08/2014
4 auto manufacturers to invest Rs 11,510 cr in Maharashtra
4 auto manufacturers to invest Rs 11,510 cr in Maharashtra MOUs point to a commitment of Rs 1,510 crores from Volkswagen, Rs 4,000 crores from Tata Motors, Rs 4,000 crores from MM, and Rs 2,000 crores from Bajaj Auto
Date: 28/08/2014
Are the world's cars on the cusp of going solar?
Are the world's cars on the cusp of going solar? "By 2020, shrinking battery and solar cost will make EVs (electric vehicles) in the mass segments the cheaper alternative over a car life cycle in most European markets," UBS analysts said in a note last week
Date: 28/08/2014
How experts rate PM Modi's first 100 days in office
Rajiv Kumar Welcoming the steps taken by team Modi, Rajiv Kumar says that he is impressed by the homework the government has done however, he would like to see a bolder, clearer roadmap for the economy.
Date: 28/08/2014
NDA completes 100 days: Coal auction still a concern?
Anshu Sharma Whatever be the verdict of the Supreme Court on September 1, auction of coal blocks, an increase in coal imports will only lead to a spike in electricity tariff. The government will have a tough time striking a balance to achieve rational electricity tariff and deliver on its promise of 24x7 power supply.
Date: 28/08/2014
Jan Dhan: Is Modi going too fast on financial inclusion?
Jan Dhan: Is Modi going too fast on financial inclusion? Even as such as a scheme promises to be a significant achievement for the Modi government, several questions remain over both the method and the pace at which it intends to push financial inclusion.
Date: 28/08/2014
Change India: How the country can turn into mfg hub
Ajay Dua There are already positive noises about this government kick starting manufacturing sector and boosting investment cycle. But the question still remains on what more needs to be done at this point in time to ensure that that dream and that target is finally realised.
Date: 28/08/2014
Q1 FY15 GDP growth seen at 5.8%: CNBC-TV18 poll
Q1 FY15 GDP growth seen at 5.8%: CNBC-TV18 poll A CNBC-TV18 poll estimates Q1 FY15 GDP growth to come in at 5.8 percent versus 4.7 percent year-on-year and 4.6 percent quarter-on-quarter, the highest in 10 quarters. The broad range for the Q1 GDP is 5.4-6 percent.
Date: 28/08/2014
New powers to fast-track prosecution, refunds: Sebi chief
UK Sinha There should be a sea-change from the earlier occasions when offenders would tend to "ignore orders from Sebi" and the legal cases would drag on for years without recovery of any money, said U K Sinha.
Date: 28/08/2014
Weekly wrap: Market on backfoot; defensives gain
Weekly wrap: Market on backfoot; defensives gain Market participants turned to defensives this week as investors brace for safety ahead of SC verdict on coal allocation next week.
Date: 28/08/2014
Ceat to use fund raising to finance ongoing projects
Ceat to use fund raising to finance ongoing projects Ceat has plans to invest around Rs 300 crore in the Bangladesh project, while some portion of the raised capital would also be put in the Halol plant, which is currently undergoing expansion.
Date: 28/08/2014
Jindal Stainless' net worth falls 92%
Jindal Stainless' net worth falls 92% The company has been incurring losses since 2012, which at the end of fiscal ending March 31, 2014, had eroded peak net worth of previous four years of Rs 2,252.89 crore by 92 percent.
Date: 28/08/2014
CBDT sets up high-level committee to decide retro tax cases
CBDT sets up high-level committee to decide retro tax cases The four-member committee will be headed by the Joint Secretary of the Foreign Tax and Tax Research-I unit of the CBDT. It will decide on such cases within of 60 days of receiving them from the Assessing Officer.
Date: 28/08/2014
Public debt rises to Rs 6 lakh crore in June quarter
Public debt rises to Rs 6 lakh crore in June quarter During Q1 of FY15, the government issued dated securities worth Rs 1.98 lakh crore, higher than Rs 1.51 lakh crore in Q1 of last fiscal.
Date: 28/08/2014
Record closing high: Nifty ends August series above 7950
Record closing high: Nifty ends August series above 7950 After the 3 percent gains in August series, the market is expected to maintain northward journey in September series as well with continuing resurgence in midcaps, believe experts, though they say the market is overpriced.
Date: 28/08/2014
See 20% growth in building products biz in FY15: HSIL
RB Kabra The company is looking to breakeven at operational level in its glass division," HSIL president RB Kabra told CNBC-TV18.
Date: 28/08/2014
'FDI reforms to push 5K cr investment in eco over 2-3yrs'
Colonel LV Raju In an interview with CNBC-TV18, LV Raju, MD, Kernex Microsystems shares his outlook on how these reforms will impact sectors and eventually the economy.
Date: 28/08/2014
PM unveils Jan Dhan Yojana; opens 1 cr bank accounts
PM unveils Jan Dhan Yojana; opens 1 cr bank accounts The scheme intends to accomplish the objective of ensuring a bank account for each household.
Date: 28/08/2014
See FY15 GDP at 5.6%; FY16 at 6%, below consensus: Ambit
See FY15 GDP at 5.6%; FY16 at 6%, below consensus: Ambit Ambit is basing the FY16 downward estimate on poor health of the banking system, which may result in slow credit growth in FY16 and restrain investment growth. This is likely to have a direct bearing on a substantial part of the services sector.
Date: 28/08/2014
IGL eyes more city gas firms for growth via acquisitions
IGL eyes more city gas firms for growth via acquisitions IGL, which had in June picked up 50 per cent stake in Kanpur-based Central UP Gas Ltd (CUGL) for about Rs 70 crore, is "looking at inorganic growth opportunities to improve cash flow", a company official said.
Date: 28/08/2014
Will Aug sales reaffirm motown revival? Yes, says Nomura
Will Aug sales reaffirm motown revival? Yes, says Nomura Nomura expects MHCV industry volumes to see year-on-year growth for the first time in more than two years led by improved demand as well as the low base effect.
Date: 28/08/2014
Food Corp recast can save exchequer Rs 80000cr
Food Corp recast can save exchequer Rs 80000cr State-run Food Corporation of India (FCI) can save as much as Rs 80,000 crore if it cuts down on the additional stock that it maintains over and above the mandated buffer, according to a report by Antique Broking, which calls for restructuring the foodgrains-procuring behemoth.
Date: 28/08/2014
Will need 25 models to sell 3 mn cars per year: Maruti
Will need 25 models to sell 3 mn cars per year: Maruti The company will launch within a few months an SUV to compete with Renault's Duster, which will be followed by a compact SUV in 2016 to take on segment leader Ford EcoSport, as part of a strategy to be present in newer segments of the passenger vehicle market.
Date: 28/08/2014
GVK gets 'Green nod' to import coal from SA for Punjab unit
GVK gets 'Green nod' to import coal from SA for Punjab unit GVK is setting up a 2x270 MW Thermal Power Plant at Goindwal Sahib tehsil in Tarn Taran district of Punjab, and both the units have been synchronised to the grid.
Date: 28/08/2014
Adani buys Australia coal mine royalty rights from Linc
Adani buys Australia coal mine royalty rights from Linc The deal comes amid growing questions on whether Adani will eventually go ahead with a project to build what would become Australia's biggest coal mine, amid opposition from green groups and a slump in coal prices to five-year lows.
Date: 28/08/2014
Nifty ends August series above 7950; BHEL tops buy list
Nifty ends August series above 7950; BHEL tops buy list The Nifty closed above the 7950 on the expiry day for August derivative contracts, up 18.30 points at 7954.35. BHEL topped the buying list, up 4 percent followed by ITC, LT, ICICI Bank, ONGC, Wipro, MM, Dr Reddy's Labs and GAIL with 1-2 percent.
Date: 28/08/2014
Expect FY15 GDP at 5.5-5.6% levels: Kotak Mah Bank
Indranil Pan India's economy likely grew at its fastest in two years between April and June, according to a Reuters poll, as improved sentiment after Narendra Modi's election victory in the middle of the quarter coincided with a rebound in investment, manufacturing and construction.
Date: 28/08/2014
India, US doing well, see negative nos out of UK: Tata Chem
R Mukundan On gas price hike, R Mukundan of Tata Chemicals says it will be a pass through for the company. He adds that for price hike to be positive, it needs to be accompanied with increase in supply.
Date: 28/08/2014
Address land acquisition woes next 100 days: Thermax
MS Unnikrishnan MS Unnikrishnan, managing director MD, Thermax, wants the government to address are more clearances in foreign direct investments and an easing of interest rates by addressing inflationary woes.
Date: 28/08/2014
Sensex, Nifty steady; PSU banks under pressure, BPCL up 2%
Sensex, Nifty steady; PSU banks under pressure, BPCL up 2% PSU banks continued to see selling pressure with the top lender State Bank of India falling 1 percent after sources say the Economic Offence Wing (EOW) Mumbai is probing role of public sector banks relating to the fixed deposit (FD) scam.
Date: 28/08/2014
CCI expands probe into Sun Pharma-Ranbaxy deal
CCI expands probe into Sun Pharma-Ranbaxy deal Sun Pharma and Ranbaxy, which had announced a USD 4-billion deal in April this year, were asked late last night to make public details of their proposed transaction in a "prescribed format" within 10 working days.
Date: 28/08/2014
Sensex, Nifty remain in positive terrain; SBI, Infosys slip
Sensex, Nifty remain in positive terrain; SBI, Infosys slip Shares of Tata Motors, ICICI Bank, LT, ONGC, HDFC, Sesa Sterlite, Reliance Industries, ITC and GAIL were top contributors to the Sensex, up 0.3-1.8 percent. However, Infosys, SBI, TCS, Sun Pharma, Cipla, NTPC, Tata Power and Tata Steel fell 0.4-1 percent.
Date: 28/08/2014
Will earn Rs 170cr from new residential proj: Nitesh Estate
Ashwini Kumar The company‚??s latest project, situated on Bangalore‚??s Hosur Main Road, will comprise 262 residential units and will contribute to profitability over 36 months.
Date: 28/08/2014
Rate govt 8 out of 10, seek clarity on GAAR: Zia Mody
Zia Mody In an interview to CNBC-TV18, Zia Mody said the general sense of enthusiasm has increased in the first 100 days, however the pain of doing business in India has not gone away.
Date: 28/08/2014
GST will add 2% to GDP, must implement by Apr '15: Godrej
Adi Godrej Godrej rates Modi government‚??s performance as 8.5 on a scale of 10 as he is enthused about India getting back on high levels of growth led by policy changes from the new government.
Date: 28/08/2014
Nifty holds 7950; DLF slips further, rail stocks in demand
Nifty holds 7950; DLF slips further, rail stocks in demand According to CK Narayan, founder and CEO, Growth Avenues, the way the evidence is shaping up on the charts of the indices as well as prominent stocks most definitely confirms that good times ought to continue.
Date: 28/08/2014
See Q1 GDP at 5.1%; food inflation a worry: Moody's
Atsi Sheth Atsi Sheth, vice-president - senior analyst, sovereign risk group of Moody's says growth will be significantly higher in Q1, but there are risks to agricultural output and the services sector in this quarter and hence the conservative expectation.
Date: 28/08/2014
Sensex at record high; ICICI, Tata Motors, LT lead gainers
Sensex at record high; ICICI, Tata Motors, LT lead gainers Top private sector lender ICICI Bank, commercial vehicle maker Tata Motors, engineering and construction major LT, state-run GAIL and BHEL advanced over a percent. Shares of HDFC, HDFC Bank, ONGC, Reliance Industries, Wipro, HUL, Axis Bank and Bajaj Auto climbed 0.5-1 percent.
Date: 28/08/2014
'Persistent inflation hurting India's sovereign ratings'
'Persistent inflation hurting India's sovereign ratings' "Recurrent inflationary pressures keep domestic capital costs high, erode domestic purchasing power as well as savings and lower international competitiveness," the rating agency said.
Date: 28/08/2014
Sensex extends gains, Nifty reclaims 7950 on FO expiry day
Sensex extends gains, Nifty reclaims 7950 on FO expiry day Shares of Larsen and Toubro, ICICI Bank, Axis Bank, Bharti Airtel, Bajaj Auto, Cairn India, BPCL and HCL Technologies gained 0.8-0.9 percent. However, Hero Motocorp, Hindalco Industries, Sun Pharma, Infosys, ONGC and TCS fell 0.2-0.7 percent.
Date: 28/08/2014
Here are Sudarshan Sukhani's top trading ideas
Sudarshan Sukhani Watch the interview of Sudarshan Sukhani, s2analytics.com with Latha Venkatesh Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Date: 28/08/2014
Mega-IPO to rekindle 'bromance' behind Alibaba's rise
Mega-IPO to rekindle 'bromance' behind Alibaba's rise Next month, the three poster boys for Asian technology entrepreneurship, bound by a shared ambition and a taste for sushi and golf, are set to be reunited on Alibaba's board following the firm's long-awaited New York IPO.
Date: 28/08/2014
Mutual Funds gain as markets end higher
Mutual Funds gain as markets end higher Equity and Debt Mutual Funds closed in a positive terrain as equity benchmarks ended at new closing high on Wednesday after two-day of consolidation and correction, ahead of expiry of August derivative contracts on Thursday, the last day of truncated week.
Date: 27/08/2014
NBHC looks for fresh start with complete board revamp
Aastha Maheshwari National Bulk Handling Corporation (NBHC) is looking to reinvent itself post its sale by Jignesh Shah's FTIL. The new management is working overtime to ensure that the NSEL scam taint doesn‚??t impact the company in any fashion, reports Aastha Maheshwari.
Date: 27/08/2014
Don‚??t need 47 labour laws at the Centre, says Ajay Dua
Ajay Dua Prime Minister Narendra Modi has set up a committee to identify ‚??obsolete laws‚?? so that the government can weed out archaic rules
Date: 27/08/2014
Don‚??t need 47 labour laws at the Centre, says Ajay Dua
Ajay Dua Prime Minister Narendra Modi has set up a committee to identify ‚??obsolete laws‚?? so that the government can weed out archaic rules
Date: 27/08/2014
Mold-Tek Packaging's board meeting on Sept 02, 2014
Mold-Tek Packaging's board meeting on Sept 02, 2014 Mold-Tek Packaging board meeting will be held on September 02, 2014, to consider and take on record the matters to Fix Book Closure / Record Date for the purpose of Annual General Meeting and Final Dividend and to Fix Date Time and Venue for the 17th Annual General Meeting.
Date: 27/08/2014
Escorts AGM on Sept 19, 2014
Escorts AGM on Sept 19, 2014 Escorts has informed that the 68th Annual General Meeting (AGM) of the Company will be held on September 19, 2014.
Date: 27/08/2014
Uttam Galva Steels: Outcome of AGM
Uttam Galva Steels: Outcome of AGM Uttam Galva Steels as informed that the 29th Annual General Meeting (AGM) of the Company was held on August 23, 2014.
Date: 27/08/2014
Omkar Speciality Chemicals board meeting on August 30, 2014
Omkar Speciality Chemicals board meeting on August 30, 2014 Omkar Speciality Chemicals board meeting will be held on August 30, 2014, to consider and approve the issuance of the Equity Shares pursuant to conversion of Warrants issued by the Company, to the Promoter Group and to discuss about other matters as per the agenda of the meeting.
Date: 27/08/2014
IVP appoints Nina D. Kapadia as director
IVP appoints Nina D. Kapadia as director IVP has informed that Ms. Nina D. Kapadia has been appointed as a Director on the Board of the Company on August 25, 2014.
Date: 27/08/2014
Shree Nath Commercial Finance: Outcome of board meeting
Shree Nath Commercial  Finance: Outcome of board meeting Shree Nath Commercial Finance at its meeting held on August 27, 2014, has discuss and approved the Re-appointment of Mr. Viral Bhatt, who retires by rotation and being eligible, offers himself for re-appointment and Re-appointment of M/s. Pravin Chandak Associates, Chartered Accountants, as the Statutory Auditor of the Company.
Date: 27/08/2014
P.M. Telelinnks: Outcome of board meeting
P.M. Telelinnks: Outcome of board meeting P.M. Telelinnks at its meeting held on August 27, 2014, has considered and approved the appointment of Mr. Amish Bharat Kadakia as Director of the Company. Resignation of Mr. P. Chandra Mohan Rao as Director of the Company.
Date: 27/08/2014
Indsil Hydro Power and Manganese recommends dividend
Indsil Hydro Power and Manganese recommends dividend Indsil Hydro Power and Manganese at its meeting held on August 27, 2014, has transacted the Board has recommended a dividend of 12% for the financial year 2013-14 subject to the approval of the shareholders in the ensuing Annual General Meeting.
Date: 27/08/2014
Tamilnadu Petroproducts : Updates on outcome of AGM
Tamilnadu Petroproducts : Updates on outcome of AGM Tamilnadu Petroproducts has submitted a copy of minutes of 29th Annual General Meeting (AGM) of the Company held on August 12, 2014.
Date: 27/08/2014
Zodiac Clothing Company: Outcome of board meeting
Zodiac Clothing Company: Outcome of board meeting Zodiac Clothing Company at its meeting held on August 12, 2014, 22,500 shares have been allotted under ESOP and accordingly the increased paid up capital.
Date: 27/08/2014
Principal Pharm: Outcome of AGM
Principal Pharm: Outcome of AGM Principal Pharm has informed that the 27th Annual General Meeting (AGM) of the Company was held on August 27, 2014.
Date: 27/08/2014
Vantage Corporate Services: Outcome of board meeting
Vantage Corporate Services: Outcome of board meeting Vantage Corporate Services has informed regarding Outcome of Board Meeting held on August 27, 2014.
Date: 27/08/2014
Tavernier Resources: Outcome of board meeting
Tavernier Resources: Outcome of board meeting Tavernier Resources in its meeting held on August 27, 2014, has decided to appoint S. K. Jain Co., Practicing Company Secretary as Scrutinizer for conducting E-voting and voting through poll at Annual General Meeting.
Date: 27/08/2014
ADB to provide up to $9 bn loan to India over 3 years
ADB to provide up to $9 bn loan to India over 3 years "ADB's operations for India will maintain high level of lending, amounting to a total of USD 7-9 billion over the next three years," ADB president Takehiko Nakao said
Date: 27/08/2014
Piramal, Navin Fluorine to form healthcare JV
Piramal, Navin Fluorine to form healthcare JV In the first phase of development, the JV is expected to invest around Rs 120 crore in India, Piramal Enterprises said in a filing to BSE.
Date: 27/08/2014
FTIL exits MCX by selling 5% stake for over Rs 200cr
FTIL exits MCX by selling 5% stake for over Rs 200cr In July, Jignesh Shah-led FTIL, the erstwhile promoter of MCX, had announced sale of its 15 per cent stake in MCX to Kotak Mahindra Bank for Rs 459 crore. Yesterday, commodity market regulator FMC had approved the deal with Kotak.
Date: 27/08/2014
RIL to save $450 mn/yr by importing ethane from US
RIL to save $450 mn/yr by importing ethane from US "Given depressed US ethane prices and rising production, we estimate an annual saving of USD 450 million from this feedstock substitution from FY18," CLSA said in a research report.
Date: 27/08/2014
India's coal crunch - Chance to revamp, reallocate, revive
India's coal crunch - Chance to revamp, reallocate, revive Coal India has a monopoly over coal that is mined for sale. The scandal, dubbed "Coalgate" by the media, concerns concessions sold to steel, cement and power firms to dig up coal for their own use.
Date: 27/08/2014
DLF penalty order a win for homebuyers' rights
DLF penalty order a win for homebuyers' rights If the SC upholds the CCI and Compat‚??s contentions, such a ruling will provide a boost to rights of homebuyers across the country, who have often found themselves at the short end of the stick.
Date: 27/08/2014
Tech Mahindra launches national mobile job marketplace
Tech Mahindra launches national mobile job marketplace The company also helps jobseekers to create their first ever resumes online and connecting them to potential corporate and mainstream employers. Additionally, SMEs or Entrepreneurs can also reach them via voice call, he added.
Date: 27/08/2014
NTPC sees strong growth avenues with 24x7 power supply plan
NTPC sees strong growth avenues with 24x7 power supply plan Addressing the shareholders on Aug 27, NTPC Chairman and Managing Director Arup Roy Choudhury said the new government's strong focus on tapping all possible sources also opens up new business opportunities for the company.
Date: 27/08/2014
Flipkart launches 5 new Digiflip Pro tablets with Intel
Flipkart launches 5 new Digiflip Pro tablets with Intel Flipkart had launched its first tablet - the Digiflip Pro XT 712 running on a MediaTek processor - in June this year.
Date: 27/08/2014
Ebola scare: SA Airways takes steps to prevent virus spread
Ebola scare: SA Airways takes steps to prevent virus spread Apart from heightened surveillance by Port Health officials for travellers with EVD signs and symptoms, he said, "All foreign nationals who test positive and all citizens of affected nations were being denied entry in South Africa."
Date: 27/08/2014
Mahindra did not anticipate legal hurdles after Satyam buy
Mahindra did not anticipate legal hurdles after Satyam buy In June last year, Tech Mahindra completed acquisition of Mahindra Satyam -- erstwhile Satyam Computer Services ‚?? to become India's fifth largest software services firm. Mahindra is also the Chairman of Tech Mahindra.
Date: 27/08/2014
Maruti to challenge CCI fine, says order sans understanding
Maruti to challenge CCI fine, says order sans understanding Stating that the functioning of the automobile industry, specially with regards to the spares are different from other industrial sectors, Bhargava said said CCI hasn't taken a holistic view.
Date: 27/08/2014
Exim Bank seeks more leveraging room for disbursals
Exim Bank seeks more leveraging room for disbursals Owing to lack of leveraging room of both the Exim Bank and Export Credit Guarantee Corporation (ECGC), the bank was facing constraints in extending project finance for lack of enough insurance cover.
Date: 27/08/2014
FMC okays Kotak Mahindra Bank deal to buy 15% stake in MCX
FMC okays Kotak Mahindra Bank deal to buy 15% stake in MCX FMC asked the Kotak Manhindra Bank to comply with the requirement of filing a declaration within 15 days from the end of every financial year to MCX that the company complies with the 'fit and proper' criteria.
Date: 27/08/2014
Starting to make a difference in India trade practices: CCI
Ashok Chawla The CCI in 2011 had found DLF violating fair trade norms and imposed a fine of Rs 630 crore on it following a complaint by Belaire Owners' Association in Gurgaon. It was in May 2010 that the buyer's association had complained against DLF.
Date: 27/08/2014
How JSPL, Hindalco will fare in worst-case Coalgate penalty
How JSPL, Hindalco will fare in worst-case Coalgate penalty Analysts believe that the worst hit from the ruling will be Jindal Steel and Power (JSPL) and Hindalco. Yet, even after pricing in the worst-case scenarios for both companies, they do not see significant declines for their share prices, which have already taken a serious knock after the initial ruling came out.
Date: 27/08/2014
Sensex, Nifty end at new closing high, FO expiry eyed
Sensex, Nifty end at new closing high, FO expiry eyed Market experts expect the Nifty expiry around 7950-8000 levels. According to them, if the index surpasses 8000 level, there may be 100-200-point correction, which is short term, but the market remains positive in long term.
Date: 27/08/2014
Sensex closes 117 pts higher; ONGC, ICICI Bank lead
Sensex closes 117 pts higher; ONGC, ICICI Bank lead Jindal Steel Power, which fell 20 percent in previous two sessions post SC order on coal block allocation case, managed to bounce back today, up 2 percent on short covering.
Date: 27/08/2014
Sensex maintains positive momentum ahead of cabinet meeting
Sensex maintains positive momentum ahead of cabinet meeting Cabinet, Cabinet Committee on Economic Affairs, Cabinet Committee on Investment and Cabinet Committee on Security will meet today evening. Report suggested that the CCEA may clear divestment of government‚??s 5 percent stake in ONGC (up 1.65 percent) via offer for sale (OFS) and may approve coal supply linkages to power plants.
Date: 27/08/2014
Sensex holds early gains; NTPC, BHEL, Sesa under pressure
Sensex holds early gains; NTPC, BHEL, Sesa under pressure Shares of Tata Motors, ONGC, Hindustan Unilever, Bajaj Auto and Dr Reddy's Labs were other prominent gainers while NTPC, BHEL and Sesa Sterlite fell 1-2 percent followed by HDFC Bank, Reliance Industries, Hindalco, Tata Steel and Coal India with 0.3-0.7 percent.
Date: 27/08/2014
Sensex, Nifty steady; HCL Tech up 3%, defense stocks spike
Sensex, Nifty steady; HCL Tech up 3%, defense stocks spike Defence stocks like Bharat Electronics, BEML and Astra Microwave Products rallied 3-7 percent as the DIPP released a press note on defence FDI via which 49 percent FDI in defence allowed through FIPB route.
Date: 27/08/2014
Equity NAVs end low as markets close flat
Equity NAVs end low as markets close flat Equity Mutual Funds ended in red as the markets consolidate on Tuesday, as investors remained cautious after Supreme Court‚??s verdict on coal block allocation case.
Date: 27/08/2014
Sensex, Nifty, broader markets firm; Tata Motors, SBI rally
Sensex, Nifty, broader markets firm; Tata Motors, SBI rally The BSE Midcap and Smallcap indices gained 0.6 percent and 1 percent, respectively. Advancing shares outnumbered declining ones by a ratio of 1342 to 635 on the Bombay Stock Exchange.
Date: 27/08/2014
Sensex gains 100 pts, Nifty eyes 7950; ICICI, ONGC lead
Sensex gains 100 pts, Nifty eyes 7950; ICICI, ONGC lead ICICI Bank, State Bank of India, ONGC, Tata Motors, Bharti Airtel, Dr Reddy's Labs and BHEL gained 1-1.5 percent whereas TCS, Infosys, HUL, GAIL and Wipro fell 0.2-0.6 percent.
Date: 27/08/2014
Here are few stock trading ideas from Sudarshan Sukhani
Sudarshan Sukhani Watch the interview of technical analyst, Sudarshan Sukhani of s2analytics.com with Latha Venkatesh and Sonia Shenoy of CNBC-TV18. He shared his reading and outlook on the market and also gave recommendations on various stocks.
Date: 27/08/2014
Rooting out Islamic State won't be easy, says Obama
Rooting out Islamic State won't be easy, says Obama Obama, who ordered air strikes against the militant group in Iraq and is considering them for Syria, said he would do whatever is necessary to go after those who harm Americans.
Date: 27/08/2014
Post disasters, Malaysia Airlines staff brace for job cuts
Post disasters, Malaysia Airlines staff brace for job cuts Deep job losses, route cuts and a change of leadership are expected in a restructuring plan prepared by Malaysia's government for announcement as early as Thursday, when MAS also reports its Q2 results.