MUMBAI / BANGALORE / NEW DELHI: It is a clear sign of desperate times. Two of the fiercest rivals for control of Indian skies, Jet Airways and Kingfisher Airlines, embarked on an extraordinary move to work out an operational alliance in a bid to rein in runaway losses. …

Read More..

Axis Bank on Monday announced a net profit of Rs 402.91 crore for the second quarter ended September 30, a 76.85 per cent growth for the corresponding period a year-ago.The Bank had a net profit of Rs 227.82 crore in the September quarter of FY’08, it said in a filing to the Bombay …

Read More..

State-run Oil and Natural Gas Corp and Gujarat State Petroleum Corp are likely to fetch a minimum of 20 per cent premium over the USD 4.2 per million unit price fixed for Reliance Industries’ gas field. UBS Investment Research in its latest report estimated that ONGC and GSPC may ge…

Read More..

Core Projects and Technologies slumped 46% to Rs 74 at 14:03 IST on BSE, tumbling for the third session in a row on market talk that shares pledged by some investors were offloaded after margin calls were unmet. Meanwhile, the BSE Sensex was up 808.49 points, or 7.68%, to 11329.98. …

Read More..

MUMBAI: After a series of damage control measures, the ICICI Bank authorities seem to have dispelled all the negative impact of the malicious rumrurs against it. The stock which was down 20 per cent last week, is now up by 20.91 per cent on the NSE. Around 1pm, the volume of trading for I…

Read More..

MUMBAI: Tata Consultancy Services (TCS) has entered into a deal worth over Rs 1000 crore with the ministry of external affairs for digitising and simplifying the passport issuance process. Under the Passport Seva Project (PSP), the ministry expects new passports to be issued in three day…

Read More..

Attur (Salem District), Oct. 10 Rasi Seeds foresees huge scope for rice varieties in the future.The company had only last year started the hybrid rice breeding programme and introduced RHR 111 in Uttar Pradesh. Sharing details with newspersons, its Managing Director, Dr M. Ramasami, said …

Read More..

MUMBAI: IT stocks continued to languish and traded at fresh 52 week lows in the first hour of Wednesday’s trade. Infosys Technologies touched a 52-week low of Rs 1196, while TCS touched a 52-week low of Rs 516.95. …

Read More..

Nifty Open Interest PCR stood at 0.80 versus 0.79. Nifty 3400-3600 Puts added 25 lakh shares in Open Interest. Nifty 3600-3800 Calls added 17 lakh shares in Open Interest. Stock futures added 1 crore shares in Open Interest. FIIs net bought Rs 188 crore in Nifty futures. Nifty futures add…

Read More..

Lunej (Gujarat), Oct 6 With the Indo-US nuclear deal throwing open new vistas of nuclear power generation in the country, Oil and Natural Gas Corporation Ltd (ONGC) would shortly sign a memorandum of understanding (MoU) with State-owned Uranium Corporation of India for exploration and min…

Read More..