MUMBAI: India’s gross borrowing target for 2009/10 may be raised to 4-4.25 trillion rupees but revenue from divestment and auction of telecom Money spectrum will mitigate the effect of larger supplies, Edelweiss Securities said on Thursday. At its interim budget, the government h…

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Sharekhan has maintained its hold rating on Jaiprakash Associates with a price target of Rs 237 in its report dated June 17, 2009. “JP Associates Ltd (JAL) recently reported its consolidated and standalone FY2009 numbers after the amalgamation of four of its subsidiaries with itsel…

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The Realty index was the major laggard today and tumbled to a low of 3,193. The index finally ended with a loss of 6% at 3,190. The index has slumped over 11% from Tuesday’s close of 3,599. Unitech dropped 9% to Rs 76. DLF slipped 3% to Rs 322. HDIL, Mahindra Lifespace Developer…

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The Sensex slipped to a low of 14,205, down 425 points from the day’s high.The index is now down at 14,271, down 251 points. The BSE Realty index has tumbled 8% to 3,110. The Metal index has slumped 5.5% to 10,646 and the Power index has shed 4.5% to 2,759. Jaiprakash Associates a…

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MUMBAI: Networth expects the markets open lower and Nifty take support at 4220. It sees selling to emerge in oil & gas and commodities. “Markets are expected to open down on the back of global cues; SGX Nifty is trading 25 point up at 4365. The entire OI in the markets decreased t…

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MUMBAI: It could be a signal from overseas investors that valuations of Indian shares are stretched and further correction could be around the corner. Foreign investors, who were keen on buying depository receipts (DRs) of domestic companies till some time ago, are now cutting down their…

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Results today: Zee News, Gujarat Alkalies, TV Today, Prithvi Info, Opto Circuits, Dish TV, Surya Roshni Aircel – Exclusive: -Aircel, Huawei close to signing $400 million outsourcing deal -Deal for managed services across Andhra Pradesh, TamilNadu, Kerala and Karnataka for 3 years…

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Close on the heels of the Bombay High Court’s gas supply judgement in its favour, Anil Ambani group firm Reliance Natural Resources (RNRL) is all set to intervene in another case related to gas supply between Mukesh Ambani-led RIL and state-run power producer NTPC. “RNRL will…

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Housing Development and Infrastructure Limited (HDIL), a Mumbai-based developer, today said its shareholders have passed resolutions to raise upto $ 600 million (Rs 2880 crore) through a qualified institutional placement (QIP) of shares to institutional investors. The proceeds are expect…

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Gird your loins to ride out the global economic storm, and don’t get diverted by pleas for unending tax cuts and stimulus packages that will empty the treasury without ending the storm. That should be the approach of finance minister Pranab Mukherjee in his coming budget. He will surel…

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