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April 14, 2010 by | No Comments
For yet another day Nifty traded in a very tight band. 5290 is acting as a crucial support, which is keeping hopes alive for the bulls, going forward. The upward parallel channel in which Nifty is trading remains intact. Till 5290 is held, there exists a probability that the index is forming a triangle at [...]
April 14, 2010 by | No Comments
Net profit of Rolta India declined 38.57% to Rs 98.33 crore in the quarter ended March 2010 as against Rs 160.07 crore during the previous quarter ended March 2009. Sales rose 24.02% to Rs 303.44 crore in the quarter ended March 2010 as against Rs 244.68 crore during the previous quarter ended March 2009. Particulars [...]
April 14, 2010 by | No Comments
The stock market regulator Securities & Exchange (Sebi) has clarified that 14 private insurance companies will be required to take Sebi’s prior approval for launch of new unit linked insurance plans (Ulips). It has said that insurers can continue selling existing Ulip schemes which were in force as on 9 April 2010. Ulips are products [...]
April 14, 2010 by | No Comments
Net profit of Essar Oil declined 72.73% to Rs 180.00 crore in the quarter ended March 2010 as against Rs 660.00 crore during the previous quarter ended March 2009. Sales rose 52.47% to Rs 10650.00 crore in the quarter ended March 2010 as against Rs 6985.00 crore during the previous quarter ended March 2009. For [...]
April 13, 2010 by | No Comments
Foreign institutional investors (FIIs) bought shares worth a net Rs 244.50 crore on Monday, 12 April 2010, slightly lower than Rs 257.70 crore on Friday, 9 April 2010. FII inflow of Rs 244.50 crore on 12 April 2010 was a result of gross purchases Rs 2447.40 crore and gross sales Rs 2202.90 crore. There was [...]
April 12, 2010 by | No Comments
It was a drab session today where Nifty traded in a narrow range of just 50 odd points. The bulls are just not giving up, and on this the markets are holding up finding support at lower levels irrespective of the momentum being in a sell mode. On the upside 5400 is a crucial resistance, [...]
April 12, 2010 by | No Comments
The Reserve Bank of India (RBI) on Monday, 12 April 2010, allowed foreign institutional investors (FIIs) to use their government bond holdings as well as foreign sovereign securities with AAA rating as collateral for stock market transactions, doing away with an earlier rule that only allowed cash to be used. However, cross-margining of government Securities [...]
April 12, 2010 by | No Comments
The government today said the two regulators SEBI and IRDA have agreed to maintain the status quo that existed before market regulator’s ban on 14 life insurers from raising funds for unit-linked schemes. The status quo will be maintained till a court decides who can regulate ULIP schemes, Finance Minister Pranab Mukherjee told reporters here. [...]
April 12, 2010 by | No Comments
The 3G/BWA auctions and the resultant commercial activity that will be generated in India — the world’s fastest growing telecom market — has stirred up expansion and M&A activity in the telecom consulting space with London-based Analysys Mason acquiring BDA Connect’s India business. This is a strong signal that the next two years will see [...]
April 12, 2010 by | No Comments
The Delhi High Court has directed stock market regulator Sebi to conduct probe against real estate giant DLF for alleged mis-statement in its Red Herring Prospectus for its IPO in 2007. The court passed the order after it was alleged by a person that the DLF had intentionally made a false statement that it had [...]
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