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HCL Tech gets backing from Axon directors

Posted on: Tuesday, November 4th 2008 and is filed under Stock News.

Their beneficial holding is currently an aggregate of 147,420 Axon shares, representing around 0.2% of the existing issued share capital of the UK company. HCL Technologies Ltd. said on Tuesday that Axon Group Directors (other than Royston Hogarth) and a key employee of Axon have entered ...

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Asian, European bourses mixed; Nikkei jumps over 6%

Posted on: Tuesday, November 4th 2008 and is filed under Market News.

LONDON: Asian and European shares presented a mixed picture on Tuesday even as fears of a protracted credit turmoil seemed to ease with Australia becoming the latest nation to slash key interest rates. Moreover, American Presidential polls are believed to be restraining investors from tak...

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Stock futures up 4% on fresh buying

Posted on: Tuesday, November 4th 2008 and is filed under Market News.

MUMBAI: Stock futures ended higher on Tuesday, swinging to premium to the spot market, as investors built fresh long positions in the Nifty and stock futures of banking, realty and infrastructure firms. Traders said there was short covering seen in some bank stocks, but positive momentum...

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‘Goldman fund loses nearly $1 bn in 10 months’

Posted on: Tuesday, November 4th 2008 and is filed under Market Outlook.

A Goldman Sachs hedge fund that launched in January with over $6 billion under management lost close to $1 billion by September, according to the ‘Financial Times’. The fund, known as Goldman Sachs Investment Partners, has told investors it lost $989 million by September, the ...

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China stocks slip to 26-month closing low

Posted on: Tuesday, November 4th 2008 and is filed under Market Outlook.

SHANGHAI: China’s main stock index slipped 0.76 per cent on Tuesday to a 26-month closing low as worries about the slowing economy weighed on sentiment, with metals shares sliding on news of output cuts due to slack demand. The benchmark Shanghai Composite Index ended at 1,706.703 p...

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Religare to acquire Lotus India AMC

Posted on: Tuesday, November 4th 2008 and is filed under Stock News.

Religare Enterprises Limited (REL) one of the leading integrated financial services groups of India, confirmed that it has agreed to acquire Lotus India Asset Management (Lotus India AMC) from the majority shareholders, Alexandra Fund Management (an affiliate of Fullerton Fund Management ...

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Intraday calls for 04-11-08

Posted on: Tuesday, November 4th 2008 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likely to open flat. If we see signs of profit booking later during the day, short sell: Hindalco and Reliance Industries. ...

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KEC Intl bags 3 new orders

Posted on: Monday, November 3rd 2008 and is filed under Stock News.

KEC International Ltd. has bagged three orders worth Rs2.35bn. The company has bagged an order worth Rs1.35bn from the Ministry of Energy and Water (MEW), Afghanistan; a Rs90mn contract from Power Grid Corporation of India Ltd. (PGCIL) and a Rs10mn order from the Chhattisgarh State Electr...

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Global investors pull out $480 mn from India funds in October

Posted on: Monday, November 3rd 2008 and is filed under Press Releases.

NEW DELHI: Global investors have pulled out a whopping over 480 million dollars from India-focused funds last month, with as much as 120 million dollars flowing out in the last week, amid the meltdown in the equity markets. India-focused funds have witnessed the highest outflows among all...

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Ess Dee Q2 PAT up 55% YoY

Posted on: Monday, November 3rd 2008 and is filed under Stock News.

Ess Dee Q2 revenues increase by 64% to Rs1.25bn from Rs763.4mn Ess Dee Aluminium Ltd, one of India’s largest providers of pharma packaging solutions, has announced its results for the quarter and half year ended 30th September 2008. Q2 FY09 results compared with Q2 FY08 results:.. ...

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