Money Control India Financial News

Having younger people take more responsibility for the destiny of the company is the way forward, according to Infosys Chairman NR Narayana Murthy. In an interview with CNBC TV18\'s Sunanda Jayaseelan, he spoke about how Infosys\' shareholders and investors would react to the possibility of a foreigner as his successor.

Sources have told CNBCTV18 that Kingfisher Airlines is restructuring its debt and will convert Rs 690 crore of its existing debt into preferential shares, reports CNBCTV18\'s Vidhi Godiawala.

Bajaj Finserv is entering the infrastructure finance space, reports CNBCTV18�s Sunita Nagpal.

Suzlon Energy was down nearly 2% and added nearly 27 lakh shares in the open interest. Chambal Fertiliser was up nearly 5% and added nearly 31 lakh shares in the open interest, reports CNBCTV18�s Research Analyst Varinder Bansal.

Corporate Tax Rates can be reduced if the economy warrants ut. That\'s the word coming in from Revenue Secretary Sunil Mitra.

The benchmark Nifty closed rangebound session on a flat note on Friday. It was a quiet session for the markets and the Nifty remained in a narrow range of 5,4755,500.

With more than 15% drop in production in India, an upside of 810% cannot be ruled out in the next fortnight. The oilseeds complex will take cues from weather conditions in South America and the US where weather abnormalities can fuel a bull run in prices of soybean and soyoil.

We may see some more pressure on the rupee in the shortterm and expect the rupee to test 47.25 in spot. We would definitely consider this level as a good buying opportunity in the Indian currency.

Consolidated Finvest Holdings at its meeting held on September 3, 2010 has declared dividend at Re 0.50 per share i.e 5%.

Venkys has undertaken expansion programme, estimated cost of Rs 50 crore in poultry products segment.

Deven Choksey, MD, KR Choksey feels that Hero Honda may see 15% growth in next financial year.

Global markets are eyeing their next major cue in the form of US nonfarm payrolls for the month of August 2010, scheduled to be announced later today. In an interview with CNBCTV18, David Buick of BGC gave his expectation on the US payroll data and his perspective on global markets going forward.