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  • JAN SALEABLE STEEL OUTPUT UP 3.6% AT 1.158 MN TONS (YOY)
  • JAN STEEL SALES AT 1.013 MN TONS VS 1.02 MN TONS (YOY)
  • ITC DID NOT DISCLOSE NATURE OF SALES OF PRODUCTS WORTH RS.1,179 CR: SRCS
  • ITC HAS REPORTED AMBIGUOUS FOREX GAINS WORTH RS.203 CR: SRCS
  • ITC HAS REPORTED AMBIGUOUS CLOSING, OPENING STOCK WORTH RS.293 CR: SRCS
  • ROC KOLKATA HAS INSPECTED ITC BALANCE SHEETS DURING APR 2005-MAR 2009: SRCS
  • NET INCOME UP 55% AT $1.54 BN, REVENUES AT $7.51 BN VS $7.13 BN (YOY)
  • EXPECT FY'11 BUDGET TO AIM FOR LOWER FISCAL GAP: RANGARAJAN
  • ARSS INFRA IPO SUBSCRIBED 3.48 TIMES ON DAY TWO OF ISSUE
  • ROC INVESTIGATIONS REVEAL ACCOUNTING MALPRACTICES BY ITC BETWEEN 2006-09
  • DOMESTIC FUNDS NET BUY RS.399.25 CR IN EQUITIES ON FEBRUARY 9 (PROVISIONAL)
  • FOREIGN FUNDS NET SELL RS.525.27 CR IN EQUITIES ON FEBRUARY 9 (PROVISIONAL)
  • MUTUAL FUNDS NET BUY RS.37.1 CR IN EQUITIES ON FEBRUARY 8
  • MCNALLY BHARAT BAGS ORDERS WORTH RS.56.64 CR FROM HINDALCO
  • FOREIGN FUNDS NET SELL RS.806.5 CR ($172.3 MN) IN EQUITIES ON FEB 8
  • Q1'10 REVENUE GUIDANCE UP 3.4% AT $935 MN (QOQ)
  • REVENUES UP 6% AT $902.7 MN, NET INCOME UP 5.4% AT $144 MN (QOQ)
  • TO IMPORT 1.2 MT/YR OF LNG FOR CAPTIVE USE AT THE POWER PLANT
  • DELHI HC REJECTS BAYER'S APPEAL AGAINST CIPLA'S SORANIB DRUG: NW
  • BANKS CAN ALLOW COS TO TWEAK ECB DRAWDOWN, REPAYMENT SCHEDULE: NW
  • TO SOON FINALISE PLANS FOR THE PROPOSED 1,200 MW DAHEJ POWER PLANT
  • CNX MIDCAP INDEX UP 0.88%, BSE SMALLCAP INDEX UP 0.44%
  • SENSEX CLOSES UP 106 POINTS, NIFTY UP 32 POINTS AT CLOSE
  • RIL HAS NOT STOPPED PETROL EXPORTS TO TEHRAN: NW
  • REVENUES FROM INDIA INCREASED TO 8% VS 2% NEARLY 2 YEARS AGO
  • CUTS ALUMINIUM PRODUCT PRICES BY RS.8000/TONNE
  • BANKS' LOAN GROWTH RATE SEEN AT 16-18% THIS FISCAL YEAR
  • CRR HIKE TO HAVE SOME IMPACT ON LIQUIDITY, NOT TO IMPACT LOAN RATES
Updated: 09/02/10 | 08:51 PM IST
Market Watch
The country's largest lender State Bank of India hinted on Tuesday that lending rates may rise from the second quarter (July-September 2010) of fiscal 2010-11, even though there is no immediate pressure on interest rates.
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Not all marriages are made in heaven. The equal partnership between French Auto major Renault and India's Mahindra and Mahindra is set to get modified and the change may result in either an exit or in one of the players ending up with a token stake.
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The equity benchmark added 106 points to close at 16,042, led by fresh buying in IT and technology. Global markets were mixed on Tuesday on lingering worries about high European debt levels.
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Swiss banking giant UBS AG swung into black with profit of 1.2 billion Swiss francs in the fourth quarter of 2009 riding on lower costs and sizeable tax credit.
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Amid fresh buying in IT and tech stocks, Sensex and Nifty recovered it’s early losses and gained northward momentum on Tuesday.
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il resumed its sell-off in Asian trade on Monday after slight gains overnight, with regional stoks mostly lower and sentiment weighed down by weak US demand and debt woes in the eurozone.
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The rupee on Tuesday appreciated by six paise to 46.75 a dollar in early trade largely in line with other firm Asian currencies.
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The Dow Jones industrial average closed below 10,000 for the first time in three months on Monday on nagging concerns about debt loads in Europe.
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L&T Finance, a fully-owned unit of Indian engineering conglomerate Larsen & Toubro, is planning to raise Rs 500 crore through an issue of non convertible debentures (NCDs) this month. The issue this time comes with a shorter maturity of three years.
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Expressing satisfaction at the 7.2 per cent growth estimates for this fiscal, the Planning Commission on Monday pitched for phased withdrawal of stimulus in the forthcoming budget to be unveiled by Finance Minister Pranab Mukherjee on February 26.
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Special
GST rollout may be hit by more delays
India's ambitious target for rolling out a uniform goods and services tax in India is already behind schedule and now it looks like the rollout may not happen for another year or so, a move that will upset the government’s tax planning.

 
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