Indian ADRs: Satyam down 7%, Infosys down 2%, ICICI Bank down 1%, Wipro up 1% Another stimulus package possible: Pranab Mukherjee SEBI to amend norms on pricing of preferential issue: BL. ...
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Stocks in news: Satyam, IFCI, Areva T&D, Cambridge Sol
Posted on: Friday, February 20th 2009 and is filed under Stock News.
US delays payment to Pakistan for fighting Taliban
Posted on: Friday, February 20th 2009 and is filed under Press Releases.
Islamabad: The US has not paid Pakistan a penny for the last nine months for rendering its military services to fight the Taliban and Al Qaeda in the restive tribal areas bordering Afghanistan, a Pakistani official said Thursday. ...
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FII net sell at Rs 363cr, DII net buy at Rs 108cr
Posted on: Thursday, February 19th 2009 and is filed under Market News.
Foreign institutional investors (FIIs) were net sellers of Rs 363.48 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 809.57 crore, gross sales totalled Rs 1,173.05 crore. ...
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Areva T&D bags order from Lanco Infratech
Posted on: Thursday, February 19th 2009 and is filed under Stock News.
Electrical equipment maker Areva T&D India today said it has bagged an order for equipment for the 765 kV substation of Lanco Infratech at Uttar Pradesh for an undisclosed amount.In a filing to the Bombay Stock Exchange, the company said it has bagged the first private sector 765 kV ...
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Short build up in ICICI Bank, Nifty F&O turnover drops 25%
Posted on: Thursday, February 19th 2009 and is filed under Stock News.
MUMBAI: In an extended choppy trade, Indian markets managed to close in positive terrain Thursday on the back of positive cues from the global markets. National Stock Exchange’s 50-share Nifty closed the day 0.48 per cent higher at 2789.35. However, the F&O turnover dropped 25 ...
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Sell SKF India, target of Rs 110: Reliance Money
Posted on: Thursday, February 19th 2009 and is filed under Brokerage Recommendations.
Reliance Money has recommended a sell rating on SKF India with a target price of Rs 110 in its February 19, 2009 research report. “SKF India Ltd reported below expectation results in Q4CY08. Net sales declined by 13% y-o-y while EBITDA margins came down considerably by 791bps y-o-y ...
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Sell Unitech, target of Rs 25: IIFL
Posted on: Thursday, February 19th 2009 and is filed under Brokerage Recommendations.
IIFL has recommended a sell rating on Unitech with a target price of Rs 25 in its February 19, 2009 research report. “We visited Unitech’s slum redevelopment project at Santa Cruz in Mumbai. Though the company indicated that the pace of receiving consents from encroached families ...
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Sell Wipro, target of Rs 186: Reliance Money
Posted on: Thursday, February 19th 2009 and is filed under Brokerage Recommendations.
Reliance Money has maintained its sell rating on Wipro with a target price of Rs 186 in its February 17, 2009 research report. “Wipro recorded revenue of Rs 65387 million compared to Rs 64094 million in Q2FY09 (Growth of 2% QoQ, 24.9% YoY). IT Services Revenue in dollar terms was 1,...
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Aventis Pharma a market performer: Karvy
Posted on: Thursday, February 19th 2009 and is filed under Brokerage Recommendations.
Karvy Stock Broking has rated Aventis Pharma as a market performer with a target price of Rs 876 in its February 19, 2009 research report. “Revenues for the quarter were up by 32.3% to Rs 2699 million. This was mainly driven by strong growth in domestic formulations business of 18% ...
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Buy Corporation Bank, target of Rs 195: Sunidhi Securities
Posted on: Thursday, February 19th 2009 and is filed under Brokerage Recommendations.
Sunidhi Securities & Finance has recommended a buy rating on Corporation Bank with a target price of Rs 195 in its February 17, 2009 research report. “During Q3FY09, total income has gone up by 50 per cent to Rs 1906 crore whereas net profit has gone up 34 per cent to Rs 256 cr...
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