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Glenmark will launch Crofelemer in ROW countries by 2010
MUMBAI: Glenmark Pharmaceuticals Ltd has reported new development that should accelerate the launch of Crofelemer, a novel drug in development for multiple indications including HIV-Associated diarrhea by a consortium of partners including Glenmark.F...
Call rates to ease, Re may be choppy
Call rates were little changed during the week, steadying in the range of 6-6.2%, as banksappeared to have covered their positions well in advance initially, resulting into lower demand later in the week.Initially, call rates will ease realigning to ...
Nifty may wake up early to beat S’pore hangover
KOLKATA: Ten years is a fairly long slice of time to continue with some set patterns. In November 1994, the National Stock Exchange (NSE) had gone live with its capital market trading, the Bombay Stock Exchange (BSE) became fully automated in 1996-97...
Govt to take stock of brokers for conflict of interest in deals
NEW DELHI: After credit rating agencies, it is now stock brokers who have come under government lens for a possible conflict of interest in their business model. The government is combing the entire financial services industry for potential conflicts...
BSE may sell 10% each to Deutsche, Singapore SEs
MUMBAI: After announcing a liberal bonus offering to its shareholders, the Bombay Stock Exchange (BSE) is now planning to offer an additional stake of up to 10% each to two of its strategic investors — Singapore Stock Exchange and Deutsche Bourse. ...
Market ends sharply lower;Nifty down 4%
MUMBAI: Equities ended with heavy losses Tuesday as jittery investors offloaded positions after sentiments turned bearish globally on worriesover slowing economy.National Stock Exchange’s Nifty ended at 2686.35, down 113.20 points or 4.04 per cent....
Call rate ends higher at 7.75%
MUMBAI: Call rate ended higher at 7.75 per cent on the Overnight call money market here today on good demand from borrowing banks.However, government bond prices showed a mixed trading due to alternate bouts of buying and selling.The overnight call m...
ABN Amro puts 'sell' on RIL, cuts target price sharply
MUMBAI: ABN Amro has cut its target price for Reliance Industries by a whopping 38 per cent to Rs 1,150 while maintaining its SELL ratingThe stock currently trades at Rs 1,376. The cut in the target price is on the back of downgrade in its earnings b...
Operating margins at 28% in Q2 FY09: Tech Mahindra
Tech Mahindra Q2 net profit increased to Rs 302.8 crore from Rs 258.7 crore in previous quarter. Its revenues went up to Rs 1,164.8 crore as against Rs 1,116.4 crore, QoQ.Vineet Nayar, Managing Director and CEO, Tech Mahindra, said the company’s op...
Markets retreat on weak global cues
The market has opened sharply lower in line with weak global cues. The US markets fell on profit booking and on weak earnings. The profit booking is seen in metal, technology, capital goods, banking and realty stocks.At 9:56 am, the Sensex fell 265 p...
Mkts disappoint after yesterday’s pullback
It was an unexceptional day for the markets. We finally put on just about 175-points on the Sensex after starting the day nearly 600 points higher. The Nifty too lost most of its gains in the second half of the sessions. So, it has been a case of a g...
Jet Air dismisses 600 employees, Kingfisher may follow suit
In one of the largest layoffs in Indian aviation sector, Jet Airways hands in the pink slip to more than 600 cabin crew and customer care executives. Earlier CNBC-TV18 had reported that Jet Airways and Kingfisher Airlines had announced a cost-cutting...
Overseas acquisition lifts S.Kumars Nationwide
S.Kumars Nationwide jumped 10.07% to Rs 22.95 at 10:35 IST on BSE, after the company said its overseas unit SKNL Italy S.p.A. has finalized the purchase of Leggiuno S.p.A of Italy, a leading Italian high value shirting fabric enterprise.The company m...
MSK Projects builds on large block deal
MSK Projects surged 7.97% to Rs 65.05 at 16:12 IST on BSE after 15.7 lakh shares or 6.88% of the company's equity changed hands in a block deal on NSE.Meanwhile, the BSE Sensex was down 167.70 points, or 1.25%, to 13,521.65.On BSE, 35,077 shares were...
Akruti City leads gainers in 'A' group
Tata Motors, Cairn India, KSK Energy Ventures and Indian Bank are among the other gainers.Real estate developer Akruti City spurted 7.22% to Rs 793.80. It topped gainers in BSE's A group shares.India's largest commercial vehicles maker in terms of ma...
Era Infra Engineering wins buyers but not investors
Era Infra Engineering slipped 1% to Rs 474.30 at 15:29 IST on BSE, after the company said it has bagged an order worth Rs 52.55 crore from Central Public Works Department for up-gradation of Institute of Medical Sciences at Varanasi in Uttar Pradesh....
Maruti Suzuki bucks weak market
Maruti Suzuki India surged 4.26% to Rs 708.05 at 15:04 IST on BSE, on softening inflation and reduced risk of further monetary policy action.Meanwhile, the BSE Sensex was down 291.62 points, or 2.04%, to 14,032.67.On BSE, 3.02 lakh shares were traded...
Go long, keep stop-loss below 4200
Sudarshan Sukhani of Technical Trends feels that the market is close to a breakdown. So he suggests to go long and buy on the Nifty. "We are close to support and this is a trading range - one should go ahead, go long and buy. We can hope for the best...
