Nagarjuna Fertilizer, Chambal Fertilizer and RCF were among the major gainers. Select fertilizer stocks are in demand following reports that the government would issue Rs100bn of 7% 2022 bonds to companies such as Coromandel Fertilisers and Nagarjuna Fertilisers as compensation for losses…

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MUMBAI: Tracking mixed global cues, Indian stocks ended marginally lower ending the three day winning streak Thursday. National Stock Exchange’s 50-share Nifty ended 0.28 per cent lower at 2920 while, Nifty December futures provisionally settled at a 5 points premium. The premium na…

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The Nifty closed on Wednesday at 2,928.25, much above the resistance level of 2,850, on the back of buying in Reliance Industries and select blue chips. However, the Nifty closed the day almost near its technical resistance level. Hence, there is a possibility of a trend-line reversal. Th…

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Foreign institutional investors (FIIs) were net buyers of Rs 950.65 crore (provisional) today, according to data released by BSE. While FIIs made gross purchases of Rs 2,603.96 crore, gross sales totalled Rs 1,653.31 crore. …

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MUMBAI: GMR Holdings Pvt Ltd, one of the promoter group companies, has hiked its stake in the parent company – GMR Infrastructure – by purchasing 23.7 lakh equity shares of from the open market. GMR Holdings has now 73.56 per cent stake with 1,33,94,33,610 shares of Rs 2 each…

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Shares of Karuturi Global have surged higher after the company announced that it concluded a new contract for supply of 50mn roses, an increase of 28% over 36mn roses supplied in the previous year, from Edeka, one of the largest super markets network in Germany. …

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Reliance Petroleum (RPL), a unit of Mukesh Ambani-run Reliance Industries, may fully commission its 5,80,000 barrels per day only-for-exports refinery at Jamnagar in Gujarat by March but is likely to start producing some products by next month, a source said.The company is likely to begin…

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MUMBAI: Walt Disney Company (South East Asia) has raised its stake to more than 50 percent and has become the majority shareholder of UTV Software Communications, a UTV official said. Walt Disney recently acquired about 20 percent of UTV shares from the open market and increased its hol…

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Tata Steel, the country’s largest private sector steel producer, reported best ever blast furnaces and steel melting shops production in November 2008.The company recorded a total blast furnace and steel melting shops output at 5,78,400 tonnes hot metal and 5,13,789 tonnes of crude stee…

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Japanese auto major Honda, which has announced a foray into aviation, plans to sell 100 jets a year, after it begins commercial production in 2010.”We will manufacture 100 HondaJets every year beginning in 2010. We will sell them in the US, European, Canadian and Mexican markets,&#8…

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