Contrary to assertions by Bharti Airtel’s management, the share-swap deal with South African telecom major MTN may trigger the open offer clause, according to a senior official in the Securities and Exchange Board of India. Sebi has based its assessment on Bharti Airtel’s off…

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IIFL has recommended a sell rating on NTPC with a target price of Rs 175 in its May 26, 2009 research report. “NTPC’s audited FY09 PAT was 5% above the provisional numbers, primarily on account of tax write-backs of Rs 3.8 billion pertaining to other income. Adjusting for thes…

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IIFL has downgraded its rating on UltraTech Cement from add to sell with a target price of Rs 526 in its May 25, 2009 research report. “We expect sharp erosion in cement realisation from 3QFY10 in the southern and western re…

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Ambareesh Baliga of Karvy Stock Broking said, “Steel looks better than what it was a couple of months back. At this point most of them look quite expensive in spite of the positive guidance that has been given.” “Steel surely looks better than what it was a couple of months back. A…

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PINC Research has recommended a buy rating on Housing Development and Infrastructure, (HDIL) with a price target of Rs 365 in its report dated May 25, 2009. “Housing Development & Infrastructure Ltd’s (HDIL) Q4FY09 results…

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Rahul Mohindar of Viratechindia said, “UCO Bank or Axis Bank can still climb up a good 8-15% even from the current levels.” “We have seen banks run-up in a very big fashion, whi…

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MUMBAI: Indian shares, up more than three quarters from 2009 lows hit in early March, are now fairly valued but may gain up to 10 per cent in the next three months, most of the respondents to a Reuters poll said. The Reuters Asset Allocation Poll of seven mutual fund houses conducted bet…

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Power projects by GMR in Orissa and R-Power in UP join the list.Despite the economic slowdown and cash crunch in the global markets, nine infrastructure projects worth over Rs 70,000 crore have achieved financial closure in the last three months. Domestic banks and financial institutions …

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These trucks would be introduced in South Korea and other overseas markets later. Tata Motors Ltd today launched a new range of trucks in Mumbai today. These trucks would be introduced in South Korea and other overseas markets later,…

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Data available for 377 companies shows that 131 of them have increased dividend for the year ended March 2009 or December 2008. The list of higher stock dividend paying companies also includes a few companies where the data is available for the year ended September 2008 or June 2008. Thi…

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