Live Chart 18

GTL Infrastructure rose 2.62% to Rs 37.15 at 10:55 IST on reports the firm is buying Aircel's telecom tower business for Rs 4000 crore in an all-cash deal.

Sterlite Industries India rose 1.84% to Rs 862.80 at 10:01 IST after the firm's American depository receipt, or ADR jumped 5.63% to $18.19 on the New York Stock Exchange on Wednesday, 23 December 2009.

LONDON - Countries should stop blaming each other for the weak outcome of the Copenhagen climate talks and sit down together to move the process forward, the U.N.'s top climate change official said on Wednesday.

It is still possible to reach a legally binding global treaty, and bickering among countries like China and Britain is unproductive, Yvo de Boer, the head of the UN's climate change secretariat, told Reuters.

NEW DELHI- A meeting of India's central bank Governor Duvvuri Subbarao with Finance Minister Pranab Mukherjee fuelled speculation on Friday that the bank may tighten monetary policy earlier than expected to stem rising prices.

The Congress-led government is under pressure to tackle spiralling food prices, an issue which can carry a high political cost in a country with millions on marginal incomes, and which has sparked protests and walkouts in parliament.

MUMBAI - Ratan Tata, chairman of conglomerate Tata group, has urged the government to allocate spectrum simultaneously to all winners of a forthcoming third-generation wireless auction, the Economic Times said on Saturday.

Buy Alstom Projects; target of Rs 685: RR Financial

MUMBAI - Tata Steel denied a newspaper report it was in talks to raise 50 billion rupees ($1.1 billion) in equity and an equal amount in debt, saying its board had not passed any such resolution.

DUBAI - Abu Dhabi threw its flashy but debt-laden neighbour Dubai a $10 billion lifeline on Monday to head off a bond default, cheering Gulf and global markets but raising questions about the undisclosed terms.

NEW DELHI - India's exports have stabilised and would hopefully rise in November after 13 straight months of decline, the trade minister said on Monday.

DUBAI - Heavy rain pounded Dubai on Sunday adding to the gloom of the emirate's debt woes a day before the deadline of the $3.52 billion bond by state-owned developer Nakheel, with no word on how it will be handled.

Dubai's stock market did soar for a second consecutive session on Sunday as traders reacted to a surge in Nakheel's bond price last week on mounting speculation it will repay.

WASHINGTON - Senior White House economists on Sunday predicted the U.S. economy will start creating jobs by spring and said that boosting employment will be at the top of President Barack Obama's agenda next year.

COPENHAGEN - Environment ministers tried to overcome rifts between rich and developing nations in Copenhagen on Sunday just days before a deadline for reaching a global pact on tackling climate change.

Yvo de Boer, head of the U.N. Climate Change Secretariat, highlighting a spat between top greenhouse gas emitters China and the United States, said he hoped all nations would seek to raise their offers in the talks.

Rajratan Global Wire was locked at 5% upper limit at Rs 104.50 at 10:56 IST on BSE, after the company said promoters of the company hiked stake in the firm.

Micro Inks jumped 20% to Rs 629.55 at 10:22 IST on BSE after the company's parent said it plans to delist the shares from the stock exchanges to integrate global operations.

NEW DELHI - Prime Minister Manmohan Singh said on Thursday the country needs to boost investment in agricultural technology to improve farm output.

TOKYO - Japan's core machinery orders fell in October, but the drop was small compared to a large rise the previous month and analysts said the worst may be over for capital spending, which has been a drag on the economic recovery.

Companies have forecast a gain in core orders this quarter, the first in seven quarters, but capital expenditure is expected to grow only very slowly as companies are still saddled with excess capacity.
By Tetsushi Kajimoto

TOKYO - Toyota Motor Corp said on Thursday it would unveil a concept model of the long-awaited compact car code-named EFC (Entry Family Car), in India next month.

The car, under development for production and sale in India and Brazil for starters, will debut at the Delhi auto show on Jan. 5, the world's biggest automaker said in a statement.

Western India Shipyard was locked 5% at upper circuit at Rs 11.19 at 10:23 IST on BSE, after the company bagged an order worth Rs 5 crore for the repair of a deep water oil rig named JUR Noble Ed Holt.

Mahindra Satyam jumped 6.04% to Rs 108.85 at 10:12 IST after the company agreed to pay $70 million to UK-based mobile payment services firm Upaid in an out-of-court settlement to end a long-winding legal tangle.

Diamond Power Infrastructure rose 1.54% to Rs 171.90 at 11:19 IST on BSE, after the company fixed 17 December 2009 as the record date for a 1:3 bonus issue.

Suzlon Energy rose 1.12% to Rs 85.95 at 11:08 IST after the company won a 31.5 megwatt capacity order from Rajasthan State Mines and Minerals.

Jet Airways India fell 3.28% to Rs 578.55 at 10:35 IST on profit booking after the stock spurted 33.40% in the preceding four trading sessions.

FITCH: BANK OF BARODA'S DUBAI WORLD EXPOSURE POSES NO RATING IMPLICATION

Rolta India rose 1.01% to Rs 184.50 at 9:55 IST on BSE, after the company signed a pact with French firm Infoterra France for pixel factory, a image processing technology.

MUMBAI- Wal-Mart Stores Inc, the world's largest retailer, has picked three IT vendors including India's Infosys Technologies for multi-year contracts worth over $600 million, the Business Standard said on Friday.

Chambal Fertilizers & Chemicals gained 1.07% to Rs 56.90 at 14:45 IST on BSE, after one of the promoter group companies hiked its stake in the firm.

Tata Elxsi was locked at upper limit of 20% at Rs 203.60 after the firm's managing director Madhukar Dev told the media that the company's revenue is expected to touch $300-$400 million from its global operations in three years.

Dubai debt insurance costs ease further; 5-years CDS quoted at 453 BPS Vs 460 BPS Tuesday close - CMA

Dubai World Lenders’ Committee to meet with Conglomerate next week – Bank Executive

Lenders form committee of four UK banks, Two UAE Banks – Bank executive

Texmaco rose 1.33% to Rs 129.50 at 11:35 IST on BSE, after one of the promoter group companies revoked the entire shares which it had pledged earlier.

Buy Alembic with a target of Rs 45.50, says Technical Analyst, Ashwani Gujral.

Gujral told CNBC-TV18, "One can buy Alembic with a target of Rs 45.50."

Fedders Lloyd Corporation announced that the it has been awarded contract of approx. Rs 1.2 billion for the ``supply, installation, testing, commissioning and maintenance of high voltage distribution systems (HVDS) in various districts of Madhya Pradesh, against ADB`` in JV with Cobra Instalaciones Y Servicios Spain from Madhya Pradesh Poorv Kshetra Vidyut Vitaran, Jabalpur (MPPKVV).

The company started trading in AC units and subsequently commenced the manufacturing of AC units in India.

 

Its products include windows and split AC, packaged/ductable AC, water cooler, roof mounted package AC unit for railway coaches, military graded window/split/slip on models for mobile vehicles of defense, milk and vegetable chilling units for milk and vegetable shops, bus AC, transport refrigeration, walk in cold rooms, cold storage, and chillers for process cooling.

 

Shares of the company gained Rs 3.5, or 4.99%, to trade at Rs 73.65. The total volume of shares traded was 12,073 at the BSE (11.03 a.m., Wednesday).

Shares of 13 metal companies rose by 0.49% to 1.48% after LMEX, a gauge of six metals traded on the London Metal Exchange, rose 1.93% to 3,220.10 on Tuesday, 1 December 2009.

Shree Cement gained 1.26% to Rs 1830 at 10:36 IST on BSE, after the company's cement shipments rose 15.28% to 7.09 lakh tonnes in November 2009 over November 2008.

NEW DELHI - The government has drawn up 25 state firms for stake sales, the Financial Express newspaper reported on Wednesday.

These include Nuclear Power Corporation of India, National Bank for Agriculture and Rural Development, Exim Bank of India, Punjab & Sind Bank, Indian Railways Finance Corporation and National Housing Bank, the paper said, quoting unnamed sources.

Jaiprakash Associates rose 2.03% to Rs 233.75 at 10:36 IST after cement sales jumped 48.77% to 1.03 million tonnes in November 2008 over November 2008.

Key benchmark indices opened on a firm note, extending two-day gains, on positive global cues. The Sensex hit its highest level in more than a month. The MSCI Asia Pacific Index hit a six-week high today while the Dow Jones industrial average advanced to its highest close in 14 months on Tuesday as worries over Dubai World's debt problems receded. The BSE 30-share Sensex was up 62.17 points or 0.36%, off 69.24 points from the day's high but up 33.95 points from the day's low

Gammon India gained 3.83% to Rs 248 at 10:19 IST on BSE, after a consortium of the company bagged an order worth Rs 309.46 crore.

Tata Motors rose 2.32% to Rs 717 at 10:07 IST after total vehicle sales jumped 65.49% to 54,108 units in November 2009 over November 2008.

ACC rose 0.54% to Rs 812 at 9:55 IST on BSE, after the company's cement shipments increased 2.69% to 19.47 million tonnes during the period January-November 2009 over January-November 2008.

Valecha Engineering jumped 4.89% to Rs 110.40 at 11:52 IST on BSE, after the company's board approved raising funds upto $20 million.

Suven Life Sciences was locked at 5% upper limit at Rs 25.85 at 11:28 IST on BSE, after the company secured three European patents on new chemical entities.

Abu Dhabi's bourse falls 7 pct

Jay Shree Tea and Industries rose 3.86% to Rs 354.90 at 11:01 IST on BSE on reports the company is close to announcing its first overseas acquisition in Uganda

Oil & Natural Gas Corporation gained 1.21% to Rs 1182.30 at 10:54 IST on BSE, on reports the company found traces of a new oil reserve in Gujarat which could increase the company's total onshore oil production by about 20%.

30 Nov, 2009

Span Diagnostics was locked at 10% upper limit at Rs 69.30 at 10:23 IST on BSE, after the company bagged an order worth Rs 22.96 crore.

DUBAI/HONG KONG - Investors braced for a 10 percent fall in United Arab Emirate stocks on Monday as the market reopens for the first time since Dubai called for a delay in repaying billions of dollars in debt, spooking global markets.

MMTC jumped 5.76% to Rs 35900 at 11:56 IST on reports the government plans to divest stake in the company in the first quarter of next fiscal

BANGALORE - Wipro Ltd, India's third-largest software services exporter, will be able to sustain its operating margins in the near term as the business environment improves, a top executive said.

Reliance Industries rose 2.16% to Rs 2223.15 at 11:20 IST on reports the company has reopened 900 fuel stations which were shut down when state firms were selling heavily subsidised fuel.

Bharat Heavy Electricals rose 0.70% to Rs 2250.60 at 11:30 IST on BSE, after the company bagged an order worth Rs 5600 crore.

J Kumar Infraprojects rose 2.02% to Rs 186.90 at 11:09 IST on BSE, after the company bagged an order worth Rs 8.75 crore from Larsen & Toubro.

Suzlon Energy gained 1.26% to Rs 72.30 at 10:47 IST on BSE, after the company's Australian arm, Suzlon Energy Australia Pty, signed a pact with Infigen Energy for supplying wind turbine generators.

WASHINGTON - The United States and India will establish a new economic partnership which U.S. Treasury Secretary Timothy Geithner will help formally launch in India early next year, the White House said on Tuesday.

 

 

 MUMBAI - Shares in energy major Reliance Industries rose  

more than 1 percent early on Monday after the company said

over the weekend it made a cash offer to buy a controlling

interest in bankrupt petrochemicals company Lyondell Basell

Industries.

Pratibha Industries rose 2.06% to Rs 267.70 at 9:55 IST on BSE, after a joint venture of the company secured an order worth Rs 309.46 crore.

Volatility ruled the roost as the key benchmark indices hit fresh intraday lows in mid-morning trade ahead of a key economic data. The BSE 30-share Sensex was down 62.10 points or 0.37%, off close to 105 points from the day's high. The S&P CNX Nifty fell below the psychological 5,000 mark. The Nifty had regained the 5,000 level on Wednesday, 11 November 2009. Banking, realty and metal stocks fell. But telecom stocks rose. Index heavyweight Reliance Industries edged lower.

Cipla rose 1.07% to Rs 308.10 at 11:18 IST on BSE on reports it has launched generic versions of anti-flu drugs oseltamivir and zanamivir in the local market to treat the H1N1 flu virus

MUMBAI - Infosys Technologies' business process outsourcing arm said on Thursday it had signed a deal to acquire U.S.- based McCamish Systems for an upfront payment of $38 million, and an additional $20 million based on targets.