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Indian shares to be among first to recover: SEBI

Posted on: Saturday, November 22nd 2008 and is filed under Market News.

NEW DELHI: Battered Indian shares would be among the first to recover from the global financial crisis and not all foreign investors are exiting, the capital market regulator said on Saturday. Only leveraged investors are leaving the country but long-term players such as pension funds c...

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Relief rally to continue; Nifty resistance seen at 2850-3000

Posted on: Saturday, November 22nd 2008 and is filed under Market News.

MUMBAI – Equities are likely to continue its upward momentum in the forthcoming week with the F&O expiry underway, which will trigger short covering. But the broad outlook for the market remains downbeat with the global economic gloom and a slowing domestic growth weighing on s...

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Citigroup shares tumble fifth straight day

Posted on: Saturday, November 22nd 2008 and is filed under Stock News.

NEW YORK: Citigroup shares tmbled a fifth straight day as CEO Vikram Pandit tried to downplay speculation that the banking giant might sell major businesses to restore its health and investor confidence. The company’s market value fell to $20.5 billion on Friday, which is less than ...

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Selan Exploration up on buyback plan

Posted on: Saturday, November 22nd 2008 and is filed under Stock News.

Shares of Selan Exploration Technology shot up to a high of Rs 137.95 a share after the board of the company approved buyback of shares at up to Rs 230 a share. Shares closed at Rs 133.8 a share, up 1.83 per cent from the last traded price. ...

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FIIs net buy Rs 324 cr in F&O on Friday

Posted on: Saturday, November 22nd 2008 and is filed under Market News.

The Foreign institutional investors (FIIs) were net buyers of Rs 323.59 crore in the futures & options segment on Friday. According to data released by the NSE, FIIs were net buyers of index futures to the tune of Rs 646.76 crore while sold index options worth Rs 162.85 crore. They ...

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Dabur India acquires 72.15% of Fem Care Pharma

Posted on: Saturday, November 22nd 2008 and is filed under Press Releases.

Dabur India has acquired 72.15% of Fem Care Pharma Ltd (FCPL), a leading player in the women`s skin care products market, for Rs2.03bn in an all-cash deal. Dabur India Ltd has announced the acquisition of 72.15% of Fem Care Pharma Ltd (FCPL), a leading player in the women’s skin car...

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Binani Cement appeals govt to boost cement demand in India

Posted on: Saturday, November 22nd 2008 and is filed under Stock News.

Binani Cement Ltd. the flagship company of Braj Binani Group is currently having capacity of 8.5mn ton cement in its units located in India, Dubai and China. Due to Economic slowdown and higher input cost, cement industry is currently passing through difficult times with demand growth slo...

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