Investing News - Page 9

Private banks gain on rate cut hopes: Sensex up 145 points

Shares of private banks such as ICICI Bank and HDFC Bank rose following the news of the Spanish banks bail out by eurozone finance ministers

QFI definition tweaked to include Gulf investors

A QFI is an individual, group or association resident in a foreign country. QFIs do not include FIIs/sub accounts.

Auto stocks winners on hopes of deferred diesel duty hike

Stocks of auto majors such as Tata Motors and Mahindra and Mahindra rose after lobbying against a government proposal to raise taxes on vehicles that run on heavily subsidised diesel.

Govt to sell 5.8% stake in SAIL via auction tomorrow

The issue through offer for sale route will be second disinvestment this month where the govt has truncated issue size fearing adverse market conditions may not help it realise original targets.

Bharti Airtel drops 2.5 percent ahead of 2G auction revisions

The stock of telecom major, Bharti Airtel fell to Rs 287 down 2.58 percent on BSE ahead of ministry's meeting of revision of prices for 2G airwaves auction.

Govt considering 10% stake sale in National Fertilisers

NFL had reported a net profit of Rs 126.73 crore in the last fiscal as against a net profit of Rs 138.50 crore in the 2010-11 fiscal.<br /><br />

Overseas direct investment by Indian firms at $2.35 bn in May

A total of 467 deals took place during the month by the Indian companies to carry out the outward foreign direct investment, the data showed.

Market unimpressed with HUL's upgrade, stock down 1%

HUL gets an upgrade from Macquarie from underperform to outperform and the brokerage also increased its target to Rs 600 stating that the company will benefit from the growth in emerging categories

RINL to start overseas roadshows for IPO from 21 June

The management of the state-run steel maker would visit six cities abroad - New York, Boston, Los Angeles, Hong Kong, Singapore and London for inviting investors.

Govt clears 25 FDI proposals worth Rs 2,973 cr

India allows FDI in most of the sectors through automatic route, but approval of FIPB is required in certain sensitive sectors.

HDFC down 5% as MSCI reduces its weightage

While HDFC housing finance claimed the methodology for calculating the weightage was wrong, the shares of the company fell 5.31 percent.

Shaky Wall St next week: any bad news would trigger sell-off

Europe is expected to keep investors jumpy as well, with inconclusive results from the recent Greek election and the country's future appearing more worrisome.

Bajaj Auto gains on Nomura upgrade, Pulsar launch

The brokerage cites compelling valuations, weak rupee, and the launch of the Pulsar and Discovery motorcycles as key reasons for the upgrade.

Rupee at new low of 53.72 against the dollar

Dealers attributed the rupee's fall to a lower opening in the stock market and strong demand for the American currency from importers.

Bharti Airtel gains in early trade post Q4 results

The scrip started the day on a bullish note and further gained 2.25 percent to Rs 317.30 on the BSE. At the NSE, the stock gained 1.37 percent to Rs 312.55.

IT stocks yet to gain from rupee depreciation: Credit Suisse

Credit Suisse sees a "reasonably strong" correlation between USD/INR moves versus IT stock direction over the next 30 days.

Time to get defensive on Indian stocks: Deutsche Bank

Top picks for its model portfolio are ITC , Bajaj Auto, Mahindra & Mahindra , Titan, HDFC Bank and ICICI Bank.

Apple, Google could join Dow index: reports

The Dow Jones Industrial Average stock index is due for an overhaul, and new-tech giants like Apple Inc and Google have good arguments for joining the elite 30 companies.

ICICI Bank gains ahead of results, solid Q4 nos expected

ICICI Bank is expected to post a 20 percent increase in net profit to Rs 17oo crore in the quarter-ended March, led by higher loan growth

Gold demand weak, prices near 2-month high

Indian gold traders stayed on the sidelines as prices hovered near their highest level in two months due to firm overseas markets and a weaker rupee.

Rabobank sells part stake in Yes Bank for $75 mn

About 10.4 million shares of Yes Bank changed hands in stock market deals earlier on Thursday

Citi upgrades Infosys to buy, stock gains

Citigroup says despite near-term risks such as a falling currency, valuations are compelling at current levels of around 14 times forward

ONCG Board approves Rs 600 cr investment proposal

The Board "approved investment proposal for Development of Western Periphery as a part of Mumbai High South Field, Phase III Redevelopment.

Gold prices ease as sales slow a day after Akshaya Tritiya

Sales on Tuesday for Akshaya Tritiya, the second biggest gold buying festival after Dhanteras, are estimated to have fallen by a half to 10 tonnes this year

BSE appoints Ashishkumar Chauhan as interim CEO

Chauhan, currently the bourse's deputy CEO, would replace Madhu Kannan who is moving to Tata Group as head of business development.

Rupee off lows; still below 52

The rupee recovered from early lows on Monday helped by dollar sales from some foreign banks.

Oil moves up $119 on supply concerns

Oil rose to $119 a barrel on Friday, trimming its weekly decline, as the impact of sanctions on Iranian supply countered nervousness about the eurozone debt crisis.

Sun Pharma stock up on US court's ruling

Sun Pharmaceutical Industries rose 2.4 percent after the US Supreme Court allowed the Indian drug maker to sue a brand name rival.