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HDFC Mutual Fund has launched the New Fund Offer (NFO) of HDFC FMP 371D November 2012 (2), a close ended income scheme. The NFO opens for subscription on November 22, 2012 and closes on December 4, 2012. No entry load or exit load will be applicable for the scheme. The minimum subscription...

RBI has been blaming the high fiscal deficit driven by subsidies for the sticky inflation and asked the government to offer a clear fiscal road map. Amidst March 2010 and October 2011, RBI had been solely focusing on inflation fighting through 13 rate hikes. But over three years of inflation...

Shanghai Composite was up by 5.28 points or 0.26% to 2,014.20, Hang Seng surged by 156.67 points or 0.74% to 21,384.95, Jakarta Composite was marginally up by 0.60 points or 0.02% to 4,314.96, KLSE Composite was up by 2.56 points or 0.16% to 1,624.26, Nikkei 225 added 96.93 points or 1.05% to...

Shanghai Composite was up by 5.28 points or 0.26% to 2,014.20, Hang Seng surged by 156.67 points or 0.74% to 21,384.95, Jakarta Composite was marginally up by 0.60 points or 0.02% to 4,314.96, KLSE Composite was up by 2.56 points or 0.16% to 1,624.26, Nikkei 225 added 96.93 points or 1.05% to...

After opening lower, Indian rupee extended early losses and touched two-month low against dollar on Wednesday amid increasing demand for dollar from importers and banks. Investor’s sentiments were dampened over Greece's fiscal problems and U.S. fiscal cliff, which affected domestic currency to a...

Tata Motors is currently trading at Rs 266.85, up by 0.65 points or 0.24% from its previous closing of Rs 266.20 on the BSE.Last one week high and low of the scrip stood at Rs 274.35 and Rs 262.00 respectively. The current market cap of the company is Rs 71778.34 crore.

Steel Authority of India’s (SAIL) inventories have started contracting with the pick-up in demand from end-users from the beginning of this month. SAIL’s inventory at the end of March, 2012 stood at four lakh tonnes. Company's inventories started accumulating during the monsoon and the ongoing...

National Thermal Power Corporation (NTPC) has been bestowed with ‘Greentech CSR Award 2012’ in Gold Category in Power Sector by Greentech Foundation. This recognition to the company has been solely on the merit of its CSR activities as it follows the global practice of addressing the CSR...

SRS is currently trading at Rs. 39.10, up by 0.10 points or 0.26% from its previous closing of Rs. 39.00 on the BSE. The scrip opened at Rs. 40.40 and has touched a high and low of Rs. 40.40 and Rs. 38.75 respectively. So far 148741 shares were traded on the counter. MCX tips| Commodity tips

Wipro is currently trading at Rs. 362.80, up by 4.85 points or 1.35% from its previous closing of Rs. 357.95 on the BSE.Last one week high and low of the scrip stood at Rs. 369.00 and Rs. 355.35 respectively. The current market cap of the company is Rs. 89293.49 crore.Wipro has notched the top...

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 184.85 on 09-Oct-2012 and a 52 week low of Rs. 108.00 on 15 Dec-2011. Last one week high and low of the scrip stood at Rs. 161.85 and Rs. 146.00 respectively. The current market cap of the company is Rs. 1,174 crore...

Bharti Airtel is currently trading at Rs. 309.90, up by 8.80 points or 2.92% from its previous closing of Rs. 301.10 on the BSE. The scrip opened at Rs. 302.50 and has touched a high and low of Rs. 311.00 and Rs. 302.50 respectively. So far 983602 shares were traded on the counter. MCX tips|...

The ambitious $245-million chlorinated polyvinyl chloride (CPVC) unit, proposed to be set up through a joint venture between billionaire investor Warren Buffet’s firm - Lubrizol Corporation and Ahmedabad-based Astral Poly Technik, has hit a legal hurdle, as mentioned in a report The promoters...

Panacea Biotec is currently trading at Rs. 114.70, up by 8.70 points or 8.21% from its previous closing of Rs. 106.00 on the BSE. The scrip opened at Rs. 104.10 and has touched a high and low of Rs. 118.00 and Rs. 103.90 respectively. So far 29,087 shares were traded on the counter. MCX tips|...

Lloyds Steel, which has a production capacity of 1 million tonnes per annum (MTPA), has reported net losses of Rs 290 crore in last three financial years. The company has a total loan portfolio (both, secured and unsecured) of about Rs 384 crore. MCX tips| Commodity tips

Tata Steel has commissioned new coke oven battery number 10 and by-product plant at its Jamshedpur facility. The Union Steel Minister Beni Prasad Verma commissioned the above on November 16, 2012. Built at a capacity of 0.7 million tonnes per annum, the coke oven battery number 10 and...

Lanco Industries has received approval for the project of Mini Cement Plant of 3,00,000 TPA with Rotary Kiln at an estimated capital outlay of Rs 125 crore in place of existing Vertical Shaft Kiln. The company’s board of directors at its meeting held on November 10, 2012 approved the same. MCX...

United Bank of India is mulling to raise capital up to Rs 750 crore through issuance of perpetual debt instruments and/or unsecured subordinated non-convertible Tier-II Bonds, and up to 10 crore equity shares of Face Value of Rs 10 each at a premium to be decided subsequently, in the form of...

Infosys is currently trading at Rs. 2346.80, up by 52.70 points or 2.30% from its previous closing of Rs. 2294.10 on the BSE. The scrip opened at Rs. 2300.00 and has touched a high and low of Rs. 2346.80 and Rs. 2291.00 respectively. So far 28,000 shares were traded on the counter. MCX tips|...

On consolidated basis, the company has reported a net loss after tax and minority interest of Rs 179.30 crore as against net loss of Rs 62.53 crore in the September quarter of previous fiscal. Group’s total income too has increased by 17.73% at Rs 2479.12 crore for the quarter from Rs 2105.80...