Finance & Market

MoneyControl Stock Market

More Business News : Google Economic Times MoneyControl Profit Sify Rediff CNN IBN

Vishal Information Technologies to list on Aug 11

Vishal Information Technologies, a company in the field of ITES/BPO services and a subsidiary of Tutis Information Technologies will list on the bourses with its equity shares on August 11, 2008.

Stocks to watch: ONGC, Nagarjuna Fert, ACC

E Mathew of Mathew Easow Fiscal Services is bullish on ONGC, Nagarjuna Fertilisers, Chambal Fertilisers, and ACC. Phani Shekhar of Angel Broking is bullish on Jagran Prakashan from the midcap space.

Drop in Q1 OPM due to appreciation in rupee: Aegis Log

Aegis Logistics has announced its first quarter numbers. Its revenue increased by 44.6% at Rs 18.23 crore from Rs 12.61 crore.

Rupee ends lower, bonds higher

The spot rupee closed marginally lower at 42.06 per USD as against its previous close 42.08. The widely traded 8.24%, 2018 paper ended higher at Rs 94.97 as against its previous close of Rs 94.50.

Faster, Higher, Stronger: Olympics 08.08.08

All eyes are on Beijing as it hosts the biggest sporting spectacle in the world, the Olympics. The modern Olympics as we know them started in 1896. At the last one in Athens in 2004 more than 4 billion people worldwide tuned in. The history of the Olympics is long and often controversial.

BSE applies for Currency Derivatives Segment

The Bombay Stock Exchange, BSE has applied to SEBI for setting up a Currency Derivatives Segment in line with the recommendations laid down in the Report of the RBISEBI Standing Technical Committee on Exchange Traded Currency Futures, released by RBI SEBI on May 29, 2008.

Inflation driven by crude oil prices: FM

Finance Minister, P Chidambaram has said inflation is driven by crude oil prices, reports CNBCTV18 quoting NewsWire18. He added the government is doing its best to tame inflation. He also said that tight monetary steps will be taken in next threesix months to tame inflation.

Rishabhdev Technocable files DRHP for IPO

Rishabhdev Technocable, a cable manufacturing and trading company, has filed its draft red herring prospectus (DRHP) with the Securities Exchange Board of India (SEBI) to raise funds from the capital market by way of a follow on public offer of its equity shares.

PM panel favours Windfall Tax on preNELP fields

Prime Minister Manmohan Singh appointed Chaturvedi panel would look into monthly revision in auto fuel prices, reports CNBCTV18, quoting NewsWire18. The panel is in favour of Windfall Profit Tax on preNELP fields and is against imposing such tax on refineries, sources said.

Is Nifty pausing before an upward rally?

It was a quiet day for the market. The markets were in consolidation mode. Yesterday after the pull down in the last one hour, which was essentially profit taking, today the market turned a bit volatile and did not come off too much. That is the heartening bit. It could have done so in the morning because the Asian markets were all down.

Mkts to struggle in near shortterm: Religare Secs

Sangeeta Purushottam, HeadInstitutional Business, Religare Securities, said the markets might struggle in the nearterm. \"The markets may not gain over 57%, so it makes sense to book profits now.\"

NCDEX Trade details for August 7, 2008

NCDEX, member 469 (1,736 users) participated in trading on August 7, 2008 up to 5:00 pm and volumes were Rs 2,501 crore (oneway). There were more than 70,144 trades put through by them. Active trades were high in among others Rape Mustard Seed, Soyabean, Guar Seed, Sugar and Turmeric

MCX bags IOSCO membership

Multi Commodity Exchange, Indias top commodity exchange has added yet another achievement to its band of honors. MCX has been approved as an affiliate member of International Organization of Securities Commission, the prestigious association of worlds regulatory bodies and exchanges

GE Money revises its interest rates on mortgages

GE Money, the consumer finance unit of the General Electric Company has announced an increase in its benchmark floating reference rate by 0.75 percent with effect from August 9, 2008.

JSW Steel posts 24% gwth in crude steel production in July

JSW Steel posts 24% growth in Crude Steel production in July08