Markets likely to see a gap down opening. If markets show recovery later during the day, buy: IFCI above 19.50, and Chambal fertilizers above 39. No short sell calls as markets will open with a huge gap down. …

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WASHINGTON (AP) — President Barack Obama, urgently pressuring lawmakers to approve a massive economic recovery bill, turned his first news conference Monday night into a determined defense of his emergency plan and an offensive against Republicans who try to “play the usual po…

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Indian ADRs: Satyam down 6%, ICICI Bank up 3%, Infosys, HDFC Bank, Tata Motors up 1% SEBI may seek details of end use of pledge shares – ET Satyam update: …

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Mumbai: Tata Steel Ltd said on Monday its founders have pledged 98.9 million shares, or 13.53 per cent of the total equity capital. Tata Sons Ltd, which held 29.27 per cent of the steelmaker at December 2008, has pledged 96.4 million shares, or 13.19 per cent. …

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Sharekhan’s top picks are Bank of Baroda, Bharat Electronics, Bharat Heavy Electricals, Bharti Airtel, Crompton Greaves, Hindustan Unilever, ICI India, ITC, Lupin, Marico, Reliance Industries and UltraTech Cement. Sharekhan’s report:- …

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The company bagged first order at santacruz, Mumbai at an area of 70,000 sq ft worth Rs55mn. Supreme Infrastructure India Ltd has been awarded three commercial building projects from Kamla Landmark Group and total cost of three projects are Rs 242mn. The company bagged first order at sant…

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MUMBAI: Maytas Infra on Monday said three of its promoters, including Ramalinga Raju and Rama Raju, have pledged their entire holding of 15.14 per cent in the company to lenders. Ramalinga Raju, the former Chairman of fraud-hit Satyam Computer, has pledged his entire holding of 48.54 lakh…

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NEW YORK: After weeks of internal debate, the Obama administration has settled on a plan to inject billions of dollars in fresh capital into banks and entice investors to purchase their most troubled assets, a media report said on Saturday. …

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Reliance Money continues to remain negative on the Indian IT sector. Indian IT sector is expected to face rough Industry headwinds and the research firm believes 2009 is going to be tougher for the Indian IT players. …

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MUMBAI: Shares of Educomp Solutions reversed losses to rise more than 2 per cent after the company said its promoters have not pledged any shares. The company’s shares have been battered since January on reports alleging accounting fraud at the education software and services firm, whic…

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