The Supreme Court on Friday dealt a blow to illegal mining by ordering suspension of all mining activities in Karnataka’s Bellary district with immediate effect. The order will affect about 100 iron ore mining leases covering 10,686 hectares. It follows a ban on mining iron ore a few m…

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Shares of GTL Infrastructure rose as much as 12% in early trade after a report said telecom tower firm Viom Networks has made a Rs 7,500 crore ($1.69 billion) offer to buy it out. Shares opened up 5.45% and at 9.22 am, they were up 10.91% at Rs 15.25 per share in a weak Mumbai market. …

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The markets started the day in the negative tracking weak global cues but soon changed course due to the positive developments on the Lokpal front and the SEBI takeover codes which was cheered by the markets. At the start, the Nifty had slipped below 5,460 but clawed back to pass the 5,50…

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Markets likely to open lower, Support at 5430 Buy ITC on dips (trade in small quantity) …

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Markets likely to open lower, Support at 5520 Buy Gitanjali Gems on dips (trade in small quantity) I am out of town, shall be back by 5pm …

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Markets likely to open flat, support at 5530 and resistance at 5620 Buy Idea on dips (trade in small quantity) 10:00am – Book profit in canbk at 503 (FUT Short) 11.11am – sell bhel at 1860 (fut), target: 1835-1840. Stoploss: 1880 (1-2 day hold) – (Book profit in bhel …

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Mumbai: India’s central bank Tuesday sharply hiked key rates by 50 basis points in the 11th such exercise since January 2010 to tame stubborn inflation, setting the stage for auto, housing and commercial loans to become dearer once again. The repurchase rate, the interest the centr…

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What is a CRR rate? Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from…

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Markets likely to open flat, Resistance at 5715, Support at 5650 Buy LT around 1852, Target: 1870, SL 1835 – (sl triggered) 11.58am – sell canara bank at 513 (futures), target: 505. Stoploss: 521 (1-2 day hold) …

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Higher gross refining margins helped Reliance Industries (RIL) offset lower oil and gas production and post its highest net profit in over three years. Meeting forecast, RIL reported a 16.6 per cent increase in net profit at Rs 5,661 crore for the June quarter. Its net profit for the cor…

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