Idea Cellular Ltd (Idea) together with its associate namely Green Acres Agro Services Pvt Ltd, currently holds 49.90% equity in Spice Communications Ltd (Spice). The other major shareholder in Spice is TMI India Ltd which holds around 49.0% equity. The balance around 1.1% is held by publi…

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DLF slipped around 2% on the back of the company’s decision to increase prices which may deter home buyers as interest rates too have gone up. The stock opened at Rs 317.30 and made a low of 310. Total volumes traded was 16.71 lakh shares on the BSE. …

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DQ Entertainment Ltd. is one of the leading producers of animation, visual effects, game art and entertainment content for the Indian as well as global media and entertainment industry. The company has also forayed into production and distribution of live action television and feature…

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NMDC plans to buyout Aussie mine for $230-mn as a part of its overseas expansion plan. “A non-binding bid of $230 million has been given to the Australian firm for acquiring 70 per cent stake in one of its mines by a consortium comprising NMDC, Saudi Arabia’s ABS Consulting a…

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Friday’s better-than-expected jobs report, while cheering stock investors, hasn’t taken the threat of a double-dip recession off the table. Even as the jobless rate held steady at 9.7 percent and the 36,000 workers laid off in February was much less than expected, economists …

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Home-grown auto major Tata Motors today said its total sales in February jumped 58 per cent to 69,427 units from 43,811 vehicles sold in the same month last year. During the month under review, the company sold 66,190 units of commercial and passenger vehicles in the domestic market, rep…

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The Sensex has ended (provisional) at 16,802 – up 372 points. The Nifty ended at 5,027 – up 105 points. Markets have continued to trade firm in late noon trades. The Sensex, after touching a high of 16,769, is now up 313 points at 16,742. The Nifty is up 87 points at 5,009….

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The Budget was growth-oriented with financing incentives for real estate, infrastructure and agriculture continuing – Mahindra & Mahindra, IRB Infra, Tata power & Larsen and Tubro will be benifited. Another important announcement in the Budget was that the RBI would consi…

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FM Pranab Mukherjee wants to review stimulus, contain deficit – but do this without losing sight of growth. “We have weathered this crisis well,” that was his opening message in this year’s Union Budget. He went on to say that the Indian economy is in a much better condi…

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Stocks fall on renewed concerns about economy Market drops on concerns that weak US job market, Greece debt woes will stall economic rebound By Tim Paradis and Stephen Bernard, AP Business Writers , On Thursday February 25, 2010, 3:22 pm NEW YORK (AP) — The stock market regaine…

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