Live Chart 18

MUMBAI: Religare Securities has advised traders to buy ACC for target of Rs 890.

“Buy ACC with stoploss of Rs 858 for a target of Rs 890,” the report said.

Hindustan Construction Company gained 2.65% to Rs 135.70 at 11:46 IST on BSE, after the company bagged three contracts worth Rs 2860 crore from the National Highways Authority of India for construction of roads in the state of West Bengal.

MUMBAI - Honda Motorcycle & Scooter India (HMSI), a unit of Japan's Honda Motor Co, expects to sell 1.25 million two-wheelers in the fiscal year ending March 31 and 1.5 million units in 2010/11, it said on Wednesday.

The company expects to sell 220,000 units of its new 110cc motorcycle, CB Twister, which it launched in India late last year, it said in a statement.

NEW DELHI - The Indian economy could grow at around 7.75 percent in the 2009/10 financial year ending in March, Finance Minister Pranab Mukherjee said on Wednesday.

NEW DELHI - The government could provide a roadmap for exiting from the fiscal stimulus when it presents its budget on Feb. 26, Chairman of the Prime Minister's Economic Advisory Council, C. Rangarajan, said on Wednesday.

"What I am saying is the budget can attempt a roadmap for exit," Rangarajan told reporters.

He also the stimulus exit should be a gradual transition.

Energy major Reliance Industries Ltd (RIL) has submitted a USD 2 billion expression of interest for private Canadian firm Value Creation Inc, CNBC-TV18 reported on Friday quoting sources.
The promoters of the Canadian firm, which holds oil sands assets, are looking to raise funds to settle with lenders.
An RIL spokesperson said, reacting to the news, said, "RIL is reviewing a number of global opportunities for growth in its core business. The difficult operating environment of the past year has made available several interesting opportunities, where an investment by a strategic operator of industrial assets can add substantial value."

IT services firm Mahindra Satyam said on Friday it had won two multi-million dollar contracts in South America to deploy enterprise business systems technology.
The company said the contracts would be executed by its Brazilian unit, but did not disclose further details.
Mahindra Satyam said it saw immense opportunities in the Latin American market, and would increase headcount in the Brazil unit to 100 within six months.

The sector's growth has not been cranked-up enough by the recovering economy, NASSCOM said.

Tata Steel gained 1.32% to Rs 557.70 at 12:21 IST on BSE, after steel sales from the company's Indian operations rose 9% to 5.56 lakh tonnes in January 2010 over January 2009.