I hope that the impact of various pro-growth measures would help to turn around the economy soon: FM Following is the text of speech of Finance Minister Shri Pranab Mukherjee at the meeting of Chief Executives of Public Sector Banks/Financial Institutions. “I am pleased to meet you al…

Read More..

Oil reserves totaled 1.258 trillion barrels at the end of 2008, compared with a revised 1.261 trillion barrels a year earlier, BP said in its annual Statistical Review of World Energy. oil_reserves BP Plc said on Wednesday that the global proved oil reserves fell last year, the first dr…

Read More..

Diversified business conglomerate Reliance Industries (RIL) today said it has allotted 21,173 equity shares to its employees under the Employees Stock Option Scheme (ESOS). The company has allotted 21,173 shares of Rs 10 each to its employees on June 1, RIL said in a filing to the Bom…

Read More..

Vibhav Kapoor, IL&FS: Despite valuations looking stretched, the momentum is too strong backed by buying interest from foreign investors. A pre-budget rally can get extended on the Nifty upto 4,900-5,000. Satyam looks good post unaudited numbers. Focus is likely to be back on large ca…

Read More..

IIFL has upgraded its rating on Everest Kanto Cylinder to buy with a target price of Rs 250 in its June 09, 2009 research report. “Our recent meeting with EKC’s management has reinforced our positive long-term view on the stock, notwithstanding near-term challenges in both domes…

Read More..

Tainted IT firm Satyam Computer Services (SATYAM.BO : 66.85 +6.05) reported a standalone net profit of Rs 52 crore for the month ended February 2009. The company had a net profit of Rs four crore in January this year, Satyam said in a regulatory filing to the stock exchanges. The total …

Read More..

Satyam has hit the 10% upper limit after the company announced its earnings today. The stock is locked at Rs 66.85. The counter has seen trades of around 11.72 million shares so far on the BSE, with pening buy orders for nearly 1.50 million shares. According to a release issued by Satyam…

Read More..

The tyre industry, which was reeling under a slowdown in demand till December ‘08, is likely to show signs of improvement in the coming quarters. With the price of rubber, a key raw material, easing off and uptick in demand from passenger cars, tyre makers are likely to register a bette…

Read More..

The estimated base spend of the combined AD&M agreements is $450m over five years. IBM remains a strategic partner in this domain. Telstra announced a range of major vendor agreements as part of its IT transformation plans to increase efficiency and streamline IT operations. The IT…

Read More..

MUMBAI – Reliance Money expects the Nifty to take intra-day support at 4370-4380 levels. If these levels are breached then the index may slip further to 4340 levels. Indices witnessed extremely sharp sell-off on very first session of the week. Market breadth turned negative with FII &…

Read More..