NEW DELHI: The country’s second largest realty firm, Unitech, which has decided to focus on affordable housing to improve sales, has sold properties worth Rs 850 crore in last two-and-half months despite slowdown in the realty market. The company has launched projects worth Rs 3,5…
Continue reading...Piramal Life Sciences to invest Rs 200 cr in R&D
Piramal Life Sciences, a research and development (R&D) arm of Piramal Group is investing Rs 200 crore in the next two year’s period for its ambitious programme to discover and develop new chemical entitities (NCEs) and Novel Drug Delivery Systems (NDDSs), a top company officia…
Continue reading...Hero Honda to replace Ranbaxy in Sensex
MUMBAI: Drug maker Ranbaxy Laboratories Ltd will be replaced in Sensex by motorcycle maker Hero Honda on June 29, the Bombay Stock Exchange said said in a statement on Friday. Japan’s Daicchi Sankyo bought a majority stake in Ranbaxy last year. Japan’s Honda Motor Corp has a …
Continue reading...Torrent Power Q4 net up 183%
Torrent Power today reported a 183 per cent surge in its net profit at Rs 142.92 crore for the quarter ended March 2009,as against Rs 50.46 crore for the corresponding period last year.The company’s total income grew by 13.2 per cent to Rs 1073.6 crore duirng the quarter as compared…
Continue reading...Resistance support levels NSE BSE
Stock resistance and support levels, stock prices, pivot ponint daytrading technical analysis stock support and resistance stock charts nse bse tecnicals sensex support dalal street support and resistance levels available now at nseguide.com …
Continue reading...Royalty burden weighs on ONGC
The stock finally ended down 2.5% at Rs 813. The counter witnessed heavy trading volumes of 1.16 million as against the two-week daily traded average of 361,623. ONGC has shed 3% on royalty payment burden the company may face for offloading stake in Rajasthan block.The stock opened at Rs…
Continue reading...Great Offshore slips 4% on ONGC deal cancellation
The stock touched a high of Rs 277, up over 5% from the day’s low. It finally ended at Rs 266, down over 4%. The counter witnessed trades of 414,659 shares on the BSE today.Great Offshore has shed 3.5% following news of ONGC cancelling a rig deal with the shipping major. The stock …
Continue reading...Stocks of 400 companies rise 100 per cent
Sensex may have gained 58% from its one-year low but did you know that over 400 companies have more than doubled their share prices from one-year lows? As many as 20 largecaps such as RIL, SAIL, M&M , Sterlite, ICICI Bank and 30 mid-caps …
Continue reading...10 US banks fail ‘stress test’
Government “stress tests” of the US financial industry found that 10 of the 19 largest banks need a combined $75 billion to weather the continuing recession, US regulators said on Thursday. Treasury Secretary Timothy Geithner said that much …
Continue reading...Bharati Shipyard acquires 14.9% stake in Great Offshore
Bharati Shipyard, India’s second-largest private sector shipbuilder, today said it had acquired a 14.89 per cent stake in Great Offshore.The company paid Rs 315 each for the 5.53 million shares in a deal worth Rs 174 crore. Last year, Great Offshore’s …
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