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Infosys adds 27 clients in Q1

Posted on: Friday, July 10th 2009 and is filed under Press Releases.

UMBAI: The country’s second largest software exporter Infosys today said it has added 27 new clients during the first quarter ended June 30, “27 clients were added during the quarter by Infosys and its subsidiaries,” Infosys said in a statement. However, on a quarter-o...

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Markets oversold; chances of rebound high: Nirmal Bang

Posted on: Friday, July 10th 2009 and is filed under Market Outlook.

MUMBAI: Nirmal Bang is of the opinion that the market are little bit oversold and chances of a rebound is very high. Selling at lower levels around the support region should be avoided, it says. “The trend is weak as huge selling pressure is witnessed in Nifty around the 4110-4150 reg...

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HCC surges on bagging order worth Rs 387.5 crore

Posted on: Friday, July 10th 2009 and is filed under Stock News.

Hindustan Construction Company, HCC touched an intraday high of Rs 103.90 and an intraday low of Rs 101.60. At 10:36 am, the share was quoting at Rs 102.90, up Rs 1.25, or 1.23%. The company has bagged Rs 387.5 crore order for power plant in Bhutan, reports CNBC-TV18. It was trading wit...

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Infosys Q1 net up 17.2%, sequentially down 5.3%

Posted on: Friday, July 10th 2009 and is filed under Stock News.

Infosys Technologies, India’s second largest software services exporter, has posted a 17.2 per cent increase in net profit to Rs 1,527 crore for the first quarter ended 31 March, 2009 when compared with the corresponding quarter a year ago.Total Income for the first quarter has inc...

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Intraday calls for 10-07-09

Posted on: Friday, July 10th 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets are likely to open flat. Nifty has strong support at 4040 and Resistance at 4100-4120. Buy Reliance Infrastructure at 1100, target: 1130. Stoploss: 1089 Buy Suzlon at 86.30, target: 89.30. Stoploss: 84 ...

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NTPC overstated its profit by Rs 938 cr in FY08: CAG

Posted on: Friday, July 10th 2009 and is filed under Stock News.

State-run power firm NTPC overstated its profits by Rs 938 crore in 2007-08, the Comptroller and Auditor General of India (CAG) said in a report, but categorically stated that chances of Satyam like frauds in PSUs are very remote.The report, which was tabled in Parliament today, said PSUs...

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Govt richer by Rs 3.5 lakh crore as PSU shares soar

Posted on: Friday, July 10th 2009 and is filed under Stock News.

The government became richer by over Rs 3.5 lakh crore in 2007-08 as the value of its shares in state-owned listed companies soared by 65 per cent during the year.“The total market value of shares held by the government in these companies (35 PSUs listed on stock exchanges) had gone up ...

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Warren Buffett says second stimulus might be needed

Posted on: Friday, July 10th 2009 and is filed under Press Releases.

WASHINGTON: Legendary investor Warren Buffett said in an interview aired on Thursday unemployment could hit 11 per cent and a second stimulus package might be needed as the economy struggles to recover from recession. Buffett, the billionaire founder of Berkshire Hathaway, said America...

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Punj Lloyd JV bags US$300mn Saudi Aramco order: report

Posted on: Thursday, July 9th 2009 and is filed under Stock News.

The stock was trading at Rs185.45 on the Bombay Stock Exchange (BSE) at 1:51 pm Dayim Punj Llyod, a JV between the Punj Lloyd and His royal Highness Prince Khalid Bin Bandar Bin Sultan (KBS), Kingdom of Saudi Arabia, announced winning a contract worth Rs12.10bn (US$246.8mn) for engineeri...

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Hold Mahindra and Mahindra: Indiabulls Securities

Posted on: Thursday, July 9th 2009 and is filed under Brokerage Recommendations.

Indiabulls Securities Research has recommended a hold rating on Mahindra and Mahindra in its July 7, 2009 reports. “We hold a positive outlook on the Company due to the lower interest rates, easing financing terms, and the Company’s internal arrangements to finance vehicles. Further,...

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