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Rediffusion-Y&R bags contract for Orra

Posted on: Monday, December 8th 2008 and is filed under Press Releases.

Rediffusion-Y&R has bagged the account for Orra: The Diamond destination. The agency has been on a winning spree in the recent past with prestigious wins like Schwarzkopf and Sleepwell among others. Orra is India’s largest diamond retail chain with stores across 23 cities, kno...

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Disney raises stake to 50 pc in UTV Software

Posted on: Monday, December 8th 2008 and is filed under Stock News.

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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Intraday calls for 08-12-08

Posted on: Monday, December 8th 2008 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likely to see a gap up opening. Nifty will face resistance at 2830 levels above which we could see levels of 2900-2950. Buy: Aban Offshore for a target of 700. Stoploss: 655. Buy: Larsen and Tubro for a target of 760. Stoploss: 720. Keep booking profits at regular intervals. ...

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Tata Steel reports record output in November

Posted on: Sunday, December 7th 2008 and is filed under Stock News.

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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FIIs offload equities worth Rs 4.52 cr

Posted on: Sunday, December 7th 2008 and is filed under Market News.

MUMBAI: Foreign Institutional Investors on Friday shed equities worth Rs 4.52 crore, amid weak trading sentiments which pulled the barometer index down. In Friday’s market, FIIs were gross seller of shares worth Rs 1,143.64 crore and investors in equities valued at Rs 1,139.12 cror...

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India angry, divided, intolerant: Manmohan

Posted on: Saturday, December 6th 2008 and is filed under Press Releases.

Shantiniketan, West Bengal: India seems more angry, divided, violent and intolerant than ever before, said Prime Minister Manmohan Singh on Saturday. ...

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Honda to sell 100 jets a year from 2010

Posted on: Friday, December 5th 2008 and is filed under Stock News.

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,...

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Employers cut 533K jobs in Nov., most in 34 years

Posted on: Friday, December 5th 2008 and is filed under Market Outlook.

WASHINGTON (AP) – Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.The new figures, released by the Labor Department Friday, showed the crucial e...

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Maytas Infra bags Rs 222.25 cr contracts from Power Grid

Posted on: Friday, December 5th 2008 and is filed under Stock News.

MUMBAI: Maytas Infra Ltd has bagged Rs 222.25 crore contracts for four rural electrification works form Power Grid Corporation of India Ltd under Rajeev Gandhi Grameen Vidyut Yojana. Under the scheme the company will be electrifying 4125 villages. The company will be executing projects ...

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United Spirits merges Balaji Distilleries with itself, stock up 1.3%

Posted on: Friday, December 5th 2008 and is filed under Stock News.

MUMBAI: United Spirits Ltd on Monday announced the merger of Tamil Nadu-based Balaji Distilleries Ltd with itself, in an all-stock deal. The merger is effective April 1, 2009. The swap ratio fixed by the company is 2:55, i.e. every two shares of United Spirits for 55 shares held in Balaj...

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