Sagar Investments
 
 
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    MF  BIRLA SUN LIFE EQUITY FUND-G     420.31    (-0.16)       BNP PARIBAS MIDCAP FUND-G     18.825    (-0.059)       DAIWA INDUSTRY LEADERS-G     12.78    (0.11)       FRANKLIN INDIA FLEXI CAP FUND-G     50.3154    (0.1486)       FRANKLIN INDIA HIGH GROWTH COMPANIES FUND-G     22.148    (-0.0352)       IDFC PREMIER EQUITY FUND - REGULAR PLAN-G     57.3743    (0.0705)       IDFC STERLING EQUITY FUND - REGULAR PLAN-G     28.882    (-0.0458)       MORGAN STANLEY A.C.E. FUND - REGULAR PLAN-G     20.697    (-0.161)       RELIANCE GROWTH FUND-G     663.4041    (2.2071)       RELIANCE REGULAR SAVINGS FUND - EQUITY OPTION-G     44.3032    (0.1518)       SBI CONTRA FUND-G     74.1553    (0.1874)       SUNDARAM SELECT MIDCAP FUND - REGULAR PLAN-G     257.7586    (-1.8204)      
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Sagar Investments

407 Satyam Mall,
Nr Vishveshwar Mahadev,
Vastrapur, Ahmedabad. - 380 015
Gujarat India
Office Tel. No:. +91 79 3002 5493
 
Pihas Parikh: 93270 00930 / 94281 23823
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Latest News
 
Date: 24/07/2014
Tata Steel raises USD 1.5 billion in overseas bond sale
Tata Steel raises USD 1.5 billion in overseas bond sale The Tata Steel issue is the second largest bond issue from the country after the ONGC Videsh, the international arm of oil major ONGC earlier this month had mopped up a whopping USD 2.3 billion in a dual tranche issue.
Date: 24/07/2014
Tata Steel raises USD 1.5 billion in overseas bond sale
Tata Steel raises USD 1.5 billion in overseas bond sale The Tata Steel issue is the second largest bond issue from the country after the ONGC Videsh, the international arm of oil major ONGC earlier this month had mopped up a whopping USD 2.3 billion in a dual tranche issue.
Date: 24/07/2014
Sebi happy with new investor protection measures by govt
Poornima Murali After the Cabinet Committee on Economic Affairs (CCEA) cleared the Securities Laws (Amendment) Bill 2014, SEBI Chairman said Parliament nod for such a Bill would send a strong signal to those defrauding gullible investors with illegal schemes.
Date: 24/07/2014
CBI registers preliminary inquiry against Adani Group
CBI registers preliminary inquiry against Adani Group CBI sources said the Adani Group had allegedly taken credit facilities from several public sector banks for equipment for power infrastructure
Date: 24/07/2014
CBI registers preliminary inquiry against Adani Group
CBI registers preliminary inquiry against Adani Group CBI sources said the Adani Group had allegedly taken credit facilities from several public sector banks for equipment for power infrastructure
Date: 24/07/2014
Too early to say eco getting out of tough situation: FM
Arun Jaitley Finance Minister Arun Jaitley says it is too early to say whether the Indian economy is getting out of a challenging situation. Jaitley was replying to the debate on the Union Budget 2014 in the Rajya Sabha. He said the recent data only showing initial signs of inflation coming down.
Date: 24/07/2014
IMF cuts global growth forecasts for 2014; retains India's
IMF cuts global growth forecasts for 2014; retains India's IMF believes improved business sentiment is likely to offset impact of poor rains and aid economic recovery in India. It says Indian GDP growth appears to have bottomed out.
Date: 24/07/2014
IMF cuts global growth forecasts for 2014; retains India's
IMF cuts global growth forecasts for 2014; retains India's IMF believes improved business sentiment is likely to offset impact of poor rains and aid economic recovery in India. It says Indian GDP growth appears to have bottomed out.
Date: 24/07/2014
IRDA fines Sahara India Life Insurance for violating norms
IRDA fines Sahara India Life Insurance for violating norms "The company has procured only 31,444 social sector lives against its mandatory target of 35,000 lives. Thus, there is a shortfall of 3,556 lives against its obligations in the eighth year of operation," IRDA said in an order.
Date: 24/07/2014
IRDA fines Sahara India Life Insurance for violating norms
IRDA fines Sahara India Life Insurance for violating norms "The company has procured only 31,444 social sector lives against its mandatory target of 35,000 lives. Thus, there is a shortfall of 3,556 lives against its obligations in the eighth year of operation," IRDA said in an order.
Date: 24/07/2014
Ambuja Cements' approve 90% interim dividend
Ambuja Cements' approve 90% interim dividend Ambuja Cements at its meeting held on July 24, 2014, has approved payment of interim dividend at 90% on equity shares of the Company i.e. Rs. 1.80 per share. The dividend shall be paid on and from August 08, 2014.
Date: 24/07/2014
JSW Energy's director D. J. Balaji Rao retired
JSW Energy's director D. J. Balaji Rao retired JSW Energy has informed that Mr. D. J. Balaji Rao has ceased to be Director on the Board of the Company with effect from July 24, 2014 consequent upon Mr. Balaji Rao not seeking re-appointment at the 20th Annual General Meeting of the Company held on July 23, 2014.
Date: 24/07/2014
Mysore Petro Chemicals' board meeting postponed
Mysore Petro Chemicals' board meeting postponed Mysore Petro Chemicals has informed that due to some unavoidable reasons, the Board Meeting scheduled to be held on July 29, 2014, to consider and adopt the Unaudited Financial Results of the Company for the First quarter ended June 30, 2014 has been postponed to a later date.
Date: 24/07/2014
Acknit Knitting's AGM on Sept 09, 2014 (e-voting)
Acknit Knitting's AGM on Sept 09, 2014 (e-voting) Acknit Knitting has informed that in pursuant to provisions of Section 108 of the Companies Act, 2013 and Rule 20(3)(vii) of the Companies (Management Administration) Rules, 2014, the Company has fixed August 04, 2014 as the cut-off date to record the entitlement of the shareholders to cast their vote electronically at the 24th AGM.
Date: 24/07/2014
Tata Chemicals' Q1 results on August 05, 2014
Tata Chemicals' Q1 results on August 05, 2014 Tata Chemicals board meeting will be held on August 05, 2014, to consider and approve the Financial Results of the Company for the first quarter ended June 30, 2014 (Q1).
Date: 24/07/2014
Indo-Asian Projects: Outcome of board meeting
Indo-Asian Projects: Outcome of board meeting Indo-Asian Projects at its meeting held on July 24, 2014, has transacted the appointed Mr. K. Rambabu as Managing Director cum Chief Executive officer of the Company.
Date: 24/07/2014
Shree Surgovind's board meeting on July 31, 2014
Shree Surgovind's board meeting on July 31, 2014 Shree Surgovind Tradelink baord meeting will be held on July 31, 2014, to consider the quarterly unaudited result for the quarter ended June 30, 2014. The approval of the audited accounts for the year ended March 31, 2014 to convey the next Annual General Meeting of the Company.
Date: 24/07/2014
Dunlop India's director Subbaratnam Ravi passed away
Dunlop India's director Subbaratnam Ravi passed away Dunlop India has informed that Mr. Subbaratnam Ravi ceased to be the Director of the Company w.e.f. July 18, 2014.
Date: 24/07/2014
REC's Q1 results on August 12, 2014
REC's Q1 results on August 12, 2014 Rural Electrification Corporation's baord meeting will be held on August 12, 2014, to consider and approve the un-audited Financial Results of the Company for the first quarter ended June 30, 2014 (Q1). Further, the Company has informed that, as per Company's code for Prohibition of Insider Trading framed pursuant to the Securities.
Date: 24/07/2014
RBI to open debt market to short-term foreign investors
RBI to open debt market to short-term foreign investors "We will do it carefully, we will do it in a measured way. In general, the movement is towards more liberalisation rather than away from liberalisation. But we have to do it our own pace," Rajan said.
Date: 24/07/2014
Ukrainian prime minister announces resignation
Ukrainian prime minister announces resignation Ukrainian Prime Minister Arseniy Yatsenyuk has announced his resignation following turmoil in government.
Date: 24/07/2014
Coal India's plans for 20 mines hit by environment delays
Coal India's plans for 20 mines hit by environment delays Coal and Power Minister Piyush Goyal told parliament the projects, costing more than Rs 200 million (USD 3 million), "could not be started due to constraints of land acquisition and environmental clearance".
Date: 24/07/2014
Global economy starts second half on solid footing - PMIs
Global economy starts second half on solid footing - PMIs While China is relying on increased government stimulus to steer its economy away from reliance on exports and towards consumer spending, Europe has taken the opposite approach, combining fiscal austerity with near-zero interest rates.
Date: 24/07/2014
Israel defies global pressure in Gaza, toll tops 770
Israel defies global pressure in Gaza, toll tops 770 Israel focused its attacks on southeast of Gaza, with residents fleeing areas which came under heavy bombing. Over 70 people were killed in Gaza today, taking the overall Palestinian toll to over 770 since Israel launched its military offensive to halt rocket fire by Hamas on July 8
Date: 24/07/2014
Experts analyse Budget 2014 from young India's perspective
Experts analyse Budget 2014 from young India's perspective A panel of experts discuss whether the Budget has delivered the goods for Young India and what more the government needs to do hereon.
Date: 24/07/2014
Missing Air Algerie flight has crashed: Algerian official
Missing Air Algerie flight has crashed: Algerian official An Air Algerie flight that went missing en route from Burkina Faso to Algiers has crashed, an Algerian aviation official told Reuters on Thursday.
Date: 24/07/2014
Parliament nod key to check ponzi schemes: SEBI chief
Parliament nod key to check ponzi schemes: SEBI chief The Cabinet Committee on Economic Affairs (CCEA) today cleared the Securities Laws (Amendment) Bill 2014, which would now go to Parliament for passage.
Date: 24/07/2014
Ranbaxy inks pact with Cipher to sell acne drug in Brazil
Ranbaxy inks pact with Cipher to sell acne drug in Brazil The licensing agreement extends Ranbaxy's current relationship with Cipher, under which it is marketing isotretinoin capsules in the US under the brand 'Absorica', Ranbaxy Laboratories said in a statement.
Date: 24/07/2014
Inclusive govt can overcome Iraq 'existential threat': Ban
Inclusive govt can overcome Iraq 'existential threat': Ban "Iraq is facing an existential threat but it can be overcome by the formation of a thoroughly inclusive government," UN Secretary General Ban Ki-moon said at a joint press conference with Prime Minister Nuri al-Maliki.
Date: 24/07/2014
Indirect tax collections up 4.5% in April-June
Indirect tax collections up 4.5% in April-June Indirect tax collections comprising excise, customs and service tax stood at about Rs 1,13,570 crore in the first quarter of 2014-15 fiscal, as against Rs 1,08,639 crore in the corresponding period a year ago, the finance ministry said in release.
Date: 24/07/2014
We have miles to go in improving rural India: Jaitley
Arun Jaitley Capital formation in agriculture which is the key to the development of the rural infrastructure. That is the one area where we are still hugely lacking, said FM Arun Jaitley.
Date: 24/07/2014
China planning new rail link close to Arunachal Pradesh
China planning new rail link close to Arunachal Pradesh It will include 13 stations with altitudes ranging from 3,600 to 4,000 metres. The trains are expected to run on the extension line at a speed of 120 kilometres per hour.
Date: 24/07/2014
Vedanta loan at floating rate of 3% plus LIBOR: Cairn
Sajeet Manghat Cairn said the money has been lent on commercial terms.
Date: 24/07/2014
Mobile services mkt in India to be $19.2bn in 2014: Gartner
Mobile services mkt in India to be $19.2bn in 2014: Gartner "The mobile market in India is going through a rough patch, where voice average revenue per user (ARPU) is falling very fast, and the increase in data ARPU is not able to fully compensate for the decline," Gartner Senior Research Analyst Neha Gupta said in a statement.
Date: 24/07/2014
Power projs worth Rs 36,000 cr stranded on coal shortages
Power projs worth Rs 36,000 cr stranded on coal shortages Efforts are being made for supplying adequate coal to power projects, the government also said. "As far as coal-based thermal power plants are concerned, a capacity of 7,230 MW is already commissioned but having no coal supply.
Date: 24/07/2014
How Aadhaar got a new lease of life under Modi
How Aadhaar got a new lease of life under Modi Nandan Nilekani is learnt to have impressed upon the PM that the Aadhaar could help curb the country‚??s yawning fiscal deficit by curbing wasteful subsidies up to the tune of Rs 50,000 crore.
Date: 24/07/2014
JSW Energy close to buying Lanco's Udupi power plant
JSW Energy close to buying Lanco's Udupi power plant The deal, which is at advanced stages of negotiation, would involve JSW Energy taking over more than Rs 4,000 crore debt associated with the imported coal-fired Udupi plant, they said.
Date: 24/07/2014
No tiff between CIL, NTPC on 3rd party coal sampling: Goyal
Piyush Goyal Finance Minister Arun Jaitley during his Budget speech had said that stringent mechanism for quality control of coal were being put in place. A system for third party sampling of coal is already in place since October last year at loading points.
Date: 24/07/2014
RBI likely to maintain status quo in Aug policy: SBI chief
Arundhati Bhattacharya Reserve Bank is scheduled to announce its bi-monthly monetary policy on August 3. It is largely believed that RBI is going to keep interest rate intact as there is pressure on inflation due to deficient rainfall in the country.
Date: 24/07/2014
Nifty ends above 7800 for 1st time, up for 8th straight day
Nifty ends above 7800 for 1st time, up for 8th straight day The market gained strength in last hour of trade after seeing consolidation from the beginning, continuing upmove for the eighth consecutive session today. The Sensex climbed 124.52 points to 26271.85 and the Nifty rallied 34.85 points to 7830.60 after hitting a day‚??s high of 26292.66 and 7,835.65, respectively.
Date: 24/07/2014
Airtel gets 3G licence in Niger
Airtel gets 3G licence in Niger Airtel now has 3G licences in all its 17 African nations and commercially operational in 15, with Niger and Chad in progress.
Date: 24/07/2014
Uddhav Thackeray's wife, son pick up stake in penny stock
Uddhav Thackeray's wife, son pick up stake in penny stock Rashmi and Aaditya Thackeray, wife and son of Shiv Sena chief Uddhav Thackeray have recently picked up 25 lakh shares each in a little-known firm CNI Research, filings to the BSE reveal.
Date: 24/07/2014
How Modi can change India; as World Bank chief sees it
How Modi can change India; as World Bank chief sees it The Prime Minister has prided himself and has become known for someone committed to execution, World Bank chief Jim Yong Kim said. "This encourages us."
Date: 24/07/2014
Upbeat on sales for the coming quarters: Prestige Estates
Irfan Razack Irfan Razack, CMD, Prestige Estates in an interview to CNBC-TV18 talks about the company‚??s June quarter performance and the outlook going forward.
Date: 24/07/2014
Have asked for FRP implementation date extension: Khimsar
Gajendra Singh Khimsar In an interview to CNBC-TV18, Gajendra Singh Khimsar, energy minister of Rajasthan shared his take on the APTEL ruling, which asks states discoms to pay higher tariffs for the power procured from the Tata and Adani Power's Mundra Units.
Date: 24/07/2014
Sensex, Nifty at new closing high; steel gains, HUL up 2%
Sensex, Nifty at new closing high; steel gains, HUL up 2% The market has ended on high note after a volatile trading session. The Nifty closed above 7800 for first time ever, at 7830.60, up 34.85 points. The Sensex ended at record closing high of 26,271.85 up 124.52 points. About 1502 shares have advanced, 1456 shares declined, and 129 shares were unchanged.
Date: 24/07/2014
GAIL, Hero, HDFC laggards; Sensex, Nifty sluggish
GAIL, Hero, HDFC laggards; Sensex, Nifty sluggish Hindalco, Tata Steel, Sesa Sterlite, BHEL and HUL are top gainers in the Sensex. Among the losers are GAIL, Dr Reddy's Labs, Hero Motocorp and HDFC.
Date: 24/07/2014
Cairn's $1.25bn loan to Vedanta: 3 key questions unanswered
Hetal Dalal Raising concerns of adequate cash utilization Hetal Dalal, COO of proxy firm Investor Advisory Services India Ltd (IiAS) is concerned by the levels of disclosure made by the company with respect to this transaction
Date: 24/07/2014
Insurance foreign stake hike to benefit Rel Cap: Analyst
Santosh Singh Reliance Capital has foreign ownership up to 26 percent in its life-insurance business (Japan‚??s Nippon picked up the stake at Rs 11,500 crore in 2012) while its general insurance arm does not have any foreign ownership.
Date: 24/07/2014
Hindalco, Sesa, Tata Steel rally 2%; Sensex rangebound
Hindalco, Sesa, Tata Steel rally 2%; Sensex rangebound Tata Steel, Hindalco Industries, Sesa Sterlite, Mahindra Mahindra, BHEL, Bank of Baroda and HCL Technologies rallied 1-2 percent.
Date: 24/07/2014
Cabinet okays 49% FDI in insurance, SEBI Act amendment
Cabinet okays 49% FDI in insurance, SEBI Act amendment The Cabinet on Thursday approved raising Foreign Direct Investment in insurance sector up to 49 percent and also gave its consent to amend the SEBI Act.
Date: 24/07/2014
Nifty struggles below 7800; insurance steel stocks gain
Nifty struggles below 7800; insurance  steel stocks gain GAIL, Dr Reddy's Labs, Bajaj Auto, Cipla and Hero MotoCorp are top losers in the Sensex. Among the gainers are Tata Steel, Hindalco, BHEL, MM and Tata Power. Shares in steel makers surge after a surprisingly strong reading on Chinese manufacturing.
Date: 24/07/2014
Equity NAVs end mixed as markets closed higher
Equity NAVs end mixed as markets closed higher Equity Mutual Funds delivered mixed returns as the Equity benchmarks managed to end at record closing highs amid volatility on Wednesday, largely supported by technology stocks and banking majors.
Date: 24/07/2014
Sensex, Nifty consolidate; Reliance Cap, Max India up 2%
Sensex, Nifty consolidate; Reliance Cap, Max India up 2% Cairn India topped the selling list in Nifty, down 4.5 percent after its first quarter bottomline dropped 64 percent on sequential basis due to change in depreciation policy.
Date: 24/07/2014
Japan June exports dip in warning sign for economic outlook
Japan June exports dip in warning sign for economic outlook Sluggish exports, a weak spot in the economy, have been a concern for policymakers who hope that a recovery in external demand would help offset the pain from the April sales tax hike to 8 percent from 5 percent.
Date: 24/07/2014
Sensex, Nifty in red; Wipro TCS gain, Reliance falls 1%
Sensex, Nifty in red; Wipro  TCS gain, Reliance falls 1% Wipro, Sun Pharma, Bajaj Auto, HUL and TCS are top gainers in the Sensex. Among the losers are Bharti, Sesa Sterlite, Reliance, LT and GAIL.
Date: 24/07/2014
China July HSBC flash PMI at 18-month high of 52.0
China July HSBC flash PMI at 18-month high of 52.0 "Economic activity continues to improve in July, suggesting that the cumulative impact of mini-stimulus measures introduced earlier is still filtering through," said Qu Hongbin, chief economist for China at HSBC.
Date: 24/07/2014
Take profits if mkt slide: 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: 23/07/2014
TN textile space eyes 'ache din' with focus on mfg capacity
Poornima Murali Two long-standing demands of textile exporters from TN: free trade agreements with European nations and tariff concessions from China.
Date: 23/07/2014
Modi govt all out to woo FIIs; plans global media campaign
Rituparna Bhuyan Modi administration is planning an all out global media campaign targeted at prospective foreign investors.
Date: 23/07/2014
Cognizant wins IT services deal from US-based NAPHSIS
Cognizant wins IT services deal from US-based NAPHSIS The company will also help the National Association for Public Health Statistics and Information Systems (NAPHSIS) grow its customer base by enhancing its marketing strategy and attracting new subscribers, it added.
Date: 23/07/2014
Cognizant wins IT services deal from US-based NAPHSIS
Cognizant wins IT services deal from US-based NAPHSIS The company will also help the National Association for Public Health Statistics and Information Systems (NAPHSIS) grow its customer base by enhancing its marketing strategy and attracting new subscribers, it added.
Date: 23/07/2014
Quick Review: Honda's Mobilio BMW ActiveHybrid 7
Quick Review: Honda's Mobilio  BMW ActiveHybrid 7 It's raining launches in Motown. Honda today came out with its much-awaited 7-seater, the Mobilio priced at Rs 6.49 lakh. And not only Honda, luxury carmaker BMW introduced the ActiveHybrid 7 today. This is the first hybrid BMW to be launched in the country and will come in the long wheelbase version.
Date: 23/07/2014
How the super rich are taking super risks and winning!
How the super rich are taking super risks and winning! The number of ultra high networth households, i.e. households with networth of more than Rs 25 crore, increased in the last financial year by 16 percent to 117,000, albeit at a slower pace than last three years, but the networth of these households have touched Rs 104 lakh crore.
Date: 23/07/2014
Govt proposes 49% FDI in defence mfg via approval route
Sapna Das While new proposals will continue to be on the approval route, foreign institutional investments (FIIs), which so far were not permitted, will be allowed.
Date: 23/07/2014
GTL Infrastructure: Outcome of committee meeting
GTL Infrastructure: Outcome of committee meeting GTL Infrastructure at its meeting held on July 23, 2014 has considered allotment of 5,425,200 equity shares consequent to conversion of 1000 FCCBs of US$ 1,000/- each (Series A Bonds) at a conversion price of Rs. 10 per share, in terms of the Offering Circular dated October 17, 2012.
Date: 23/07/2014
Larsen Toubro's AGM on August 22, 2014
Larsen  Toubro's AGM on August 22, 2014 Larsen Toubro has informed that the 69th Annual General Meeting (AGM) of the Company will be held on August 22, 2014.
Date: 23/07/2014
DLF's Q1 results on July 31, 2014
DLF's Q1 results on July 31, 2014 DLF board meeting will be held on July 31, 2014, to consider and approve, the Un-audited Financial Results for the quarter ended June 30, 2014 (Q1). Pursuant to the Company's Policy for Prevention of Insider Trading trading window shall remain closed from the end of market hours of July 23, 2014.
Date: 23/07/2014
Vaarad Ventures' director Nitin Datanwalla resigns
Vaarad Ventures' director Nitin Datanwalla resigns Vaarad Ventures has informed that Mr. Nitin Datanwalla has resigned from the post of Director with effect from June 20, 2014. The Company have also filed the requisite form in MCA for the same on July 16, 2014.
Date: 23/07/2014
Vishvjyoti Trading's director Nagaraj Babu resigns
Vishvjyoti Trading's director Nagaraj Babu resigns Vishvjyoti Trading has informed that the changes have occurred in Directorships of the Company. Mr. Nagaraj Babu has resigned as Director w.e.f. June 17, 2014.
Date: 23/07/2014
Unimode Oversea's shifts its registered office
Unimode Oversea's shifts its registered office Unimode Overseas has informed that the registered office of the Company has been shifted w.e.f. July 11, 2014 To 16-A-17, First Floor, Ajmal Khan Road, W.E.A., Karol Bagh, New Delhi -110005.
Date: 23/07/2014
Petronet LNG's directors Ashok Sinha and B. C. Bora resigns
Petronet LNG's directors Ashok Sinha and B. C. Bora resigns Petronet LNG has informed that Shri Ashok Sinha and Shri B. C. Bora have resigned from the Board of the Company w.e.f. June 29, 2014 on completion of tenure of 3 years.
Date: 23/07/2014
Petronet LNG's Q1 results on August 04, 2014
Petronet LNG's Q1 results on August 04, 2014 Petronet LNG has informed that a meeting of Board of Directors of the Company is scheduled to be held on August 04, 2014, to consider and approve unaudited financial results for the quarter ended June 30, 2014 (Q1).
Date: 23/07/2014
Menon Pistons: Outcome of AGM
Menon Pistons: Outcome of AGM Menon Pistons has informed that the 37th Annual General Meeting (AGM) of the Company was held on July 23, 2014.
Date: 23/07/2014
India to lead parade in CWG opening ceremony
India to lead parade in CWG opening ceremony The team will parade on the basis of region as spectators will be shown videos of the work that UNICEF is doing in that part of the Commonwealth.
Date: 23/07/2014
World Bank Group commits USD 18 bn loan to India in 3 years
World Bank Group commits USD 18 bn loan to India in 3 years India received USD 5.2 billion loan last fiscal. In the past three years, India had received about USD 9.8 billion loan from the Workd Bank Group.
Date: 23/07/2014
BGR Energy bags projects worth Rs 303 cr across sectors
BGR Energy bags projects worth Rs 303 cr across sectors BGR Energy received the Letter of Intent (LOI) for two numbers of natural draught cooling towers from BHEL for their 2x660MW Suratgarh Project in Rajasthan.
Date: 23/07/2014
Wipro focused on strong profitable growth, says Azim Premji
Azim Premji Addressing the company's 68th Annual General Meeting here, he said the firm was focused on profitable growth and enhancing shareholder value. Premji also said the company will make investments in both organic and inorganic growth areas.
Date: 23/07/2014
Transasia Airways plane crashes on landing in Taiwan
Transasia Airways plane crashes on landing in Taiwan The report cites the Civil Aviation Administration as saying the flight crashed on Wednesday with 54 passengers and four flight crew and was operated by a Taiwanese airline, TransAsia Airways.
Date: 23/07/2014
GMR eyes nod for buying out partner's stake in MRO facility
GMR eyes nod for buying out partner's stake in MRO facility The MRO facility being operated under the name of MAS GMR Aerospace Engineering Company Ltd (MGAECL) was set up at an investment of around Rs 350 crore.
Date: 23/07/2014
No return deal with pro-Russian separatists: Yassin
No return deal with pro-Russian separatists: Yassin Deputy premier Muhyiddin Yassin said there was "no deal" involved in the agreement made with Alexander Borodai, the leader of the Russian separatists.
Date: 23/07/2014
'Iron ore conservation not possible though banning exports'
'Iron ore conservation not possible though banning exports' India produced 167.29 million tonnes iron ore in 2011-12, 135.85 million tonnes the next year and 152.06 million tonnes in 2013-14. Domestic consumption never exceeded the production in these years.
Date: 23/07/2014
LT India Prudence Fund announces dividend
LT India Prudence Fund announces dividend LT India Prudence Fund announces dividend, the record date for dividend is July 28, 2014
Date: 23/07/2014
6 new airlines okayed: Plans govt is making for aviation
6 new airlines okayed: Plans govt is making for aviation Ending a long-standing hegemony of existing airlines, the government recently cleared proposals for several airlines to be launched in the country.
Date: 23/07/2014
IT stocks help Sensex, Nifty end at record closing highs
IT stocks help Sensex, Nifty end at record closing highs Stable earnings and hefty demand for technology shares supported the market today, say experts. They remain bullish on market, saying it is a good time to buy now but they don‚??t rule out near term correction as rally can‚??t be one way.
Date: 23/07/2014
Strides Arcolab gets USFDA approval to sell transplant drug
Strides Arcolab gets USFDA approval to sell transplant drug The capsule is an immuno-suppressant used for preventing organ rejection in certain patients following liver, kidney, or heart transplant.
Date: 23/07/2014
India diversifying its crude oil imports sources: Minister
India diversifying its crude oil imports sources: Minister Oil Minister Dharmendra Pradhan said the government is attempting to raise domestic oil and gas production so as to reduce dependence on imports to meet its oil needs.
Date: 23/07/2014
Is Alibaba's move to disrupt banking failing?
Is Alibaba's move to disrupt banking failing? The fund quickly raised enough money to become the largest fund product on the mainland by offering rates much higher than the around 3 percent benchmark time-deposit rates at banks.
Date: 23/07/2014
Indonesia's new president faces tough juggle ahead
Indonesia's new president faces tough juggle ahead 53-year-old Widodo, or more popularly known as "Jokowi," emerged victorious in the country`s July 9 presidential elections with a margin of more than 6 percentagepoints over his rival former general Prabowo Subianto
Date: 23/07/2014
Sensex, Nifty end at record closing high; Infosys gains 3%
Sensex, Nifty end at record closing high; Infosys gains 3% Infosys, Hindalco, TCS, Wipro and Hero were up 2-3 percent each. Among the losers were Tata Power, Tata Steel, GAIL, Maruti and ONGC.
Date: 23/07/2014
World Bank buoyant on India getting back to 6%+ growth rate
Jim Yong Kim World Bank is looking forward to developing its partnership with the new Indian government with a view to end poverty. He acknowledged that the Modi-led government is committed to walk the fiscal consolidation path.
Date: 23/07/2014
Sensex, Nifty flat; Axis Bank falls 1%, Tata Steel laggard
Sensex, Nifty flat; Axis Bank falls 1%, Tata Steel laggard Mid and small caps underperform the benchmark indices. IT stocks support the upmove. Infosys, Hindalco, TCS, Wipro and ICICI Bank are top gainers in the Sensex. Among the losers are Tata Steel, Axis Bank, Tata Power, Tata Motors and Sun Pharma.
Date: 23/07/2014
JP Associates, Adani Port, Sesa Sterlite top sells: HDFC MF
JP Associates, Adani Port, Sesa Sterlite top sells: HDFC MF Jaiprakash Associates, Adani Ports and Sesa Sterlite were the top sells by the fund, while Prism Cement, KSK Energy Ventures and Praj Industries were the top buys.
Date: 23/07/2014
Sensex Nifty firm, smallcap slips; Polaris plunges 5%
Sensex  Nifty firm, smallcap slips; Polaris plunges 5% Midcap IT company Polaris Financial Technology fell more than 5 percent after reporting a consolidated net profit at Rs 38.3 crore in April-June quarter, down 15.6 percent compared to Rs 45.4 crore in previous quarter due to fall in revenues and higher tax cost.
Date: 23/07/2014
Nifty cools off after hitting record high; Jet soars 5%
Nifty cools off after hitting record high; Jet soars 5% Infosys, Hindalco, TCS, ICICI Bank and SBI are top gainers in the Sensex. Tata Power, NTPC, Tata Steel, Sun Pharma and Coal India are among majr losers. Jet Airways is up 5 percent.
Date: 23/07/2014
Mutual Funds surge as markets end higher
Mutual Funds surge as markets end higher Mutual Funds across categories gain as the Equity benchmarks saw two-week high on Tuesday with the Sensex reclaiming 26000-mark again (for the second time since July 7) on positive global cues and stable corporate earnings, aided by heavyweights like Reliance Industries and HDFC.
Date: 23/07/2014
Nifty hits record high; TCS market cap crosses Rs 5 lakh cr
Nifty hits record high; TCS market cap crosses Rs 5 lakh cr The market capitalisation of top software services exporter Tata Consultancy Services (TCS) surpassed the Rs 5 lakh crore mark today, which is higher than combined market cap of Infosys, HCL Technologies, Wipro and Tech Mahindra.
Date: 23/07/2014
Nifty hits 7800, Sensex strong; SBI, Infosys, LT gainers
Nifty hits 7800, Sensex strong; SBI, Infosys, LT gainers Bajaj Auto, ICICI Bank, Coal India, ONGC and Dr Reddy's Labs are top gainers in the Sensex. Among the losers are Hero MotoCorp, Wipro and Axis Bank.
Date: 23/07/2014
US, Europe airlines halt flights to Israel
US, Europe airlines halt flights to Israel US carriers Delta Air Lines , American Airlines Group and United Airlines were the first to announce cancellations, followed by flight stoppages by European carriers, including Germany's Lufthansa and Air France.
Date: 23/07/2014
Mkt strong, expect 7900 on Nifty: 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.