LIVE MARKET TRACKER :   BSE SENSEX   22850.05      |    NSE NIFTY 6826.85    
GLOBAL MARKETS :  NASDAQ 4148.338   +0.52%    |    FSI London 6703.00   +0.42%    |    NIKKEI Japan 14388.87   -0.11%
  USD GBP EUR CAD AUD INR
USD - 0.5951 0.723 1.1029 1.0781 61.12
GBP 1.6808 - 1.2153 1.8538 1.812 102.7311
EUR 1.3833 0.8231 - 1.5257 1.4913 84.5479
CAD 0.9068 0.5396 0.6556 - 0.9775 55.4221
AUD 0.9277 0.552 0.6708 1.0232 - 56.701
INR 0.0164 0.0097 0.0118 0.018 0.0176 -
Indian-Commodity  :  Top News  :  RIL, Tata Motors and Thermax may witness some action today

RIL, Tata Motors and Thermax may witness some action today (03-Dec-2012)

Reliance Industries (RIL) and UK's BP Plc have proposed to a do a single confirmation test on three natural gas discoveries in KG-D6 block that have so far not recognized as commercial finds by the Oil Ministry. The Directorate General of Hydrocarbons (DGH), the technical arm of the ministry, has since February 2010 not recognized the D-29, 30 and 31 as discoveries as RIL had not performed its prescribed tests to confirm the finds. RIL-BP on October 8 proposed to a do a single Drill-Stem Test (DST) on the three finds to establish them as commercially viable finds. DGH, however, wants three separate DSTs to be done on the three discoveries before approving their Declaration of Commerciality (DoC). DoC is pre-requisite for any discovery to be development.

Tata Motors' wholly owned subsidiary Jaguar Land Rover (JLR) rolled out its all new version of sports utility vehicle - Range Rover - with price starting from Rs 1.72 crore. The new Range Rover will be available in both petrol and diesel options, while depending on specifications and variants the price of the new Range Rover can up to Rs 1.9 crore. JLR is looking to strengthen its presence in the Indian market as it plans to introduce smaller luxury SUVs to compete with the likes of BMW's X1 and Audi's Q3. 

Thermax has bagged EPC contract worth Rs 503 crore from a leading Government of India Enterprise for setting up a captive power plant for its new 3 million ton per annum integrated steel plant in Central India. The company will design, engineer, construct and commission the project on a turnkey basis. The supply of equipment include three 160 ton per hour capacity (3x160 TPH) boilers that use multiple fuels - blast furnace and coke oven gas from the steel process and light diesel oil- and two 40 MW each steam  turbines. Steam from the boilers will be used to blow air into the blast furnace and to generation 80 MW of power.

Apollo Tyres has set a target of becoming one of the top 10 tyre makers globally by clocking sales of $6 billion by 2016. The company, which will invest $1 billion in the next five years to expand the global footprint, and is also shifting its research and development centre for passenger car tyres to Holland from India, apart from setting up a new marketing office in the UK as part of its strategy. The company had posted a turnover of $2.5 billion last fiscal, placing it at the 16th position globally. Apart from expanding the manufacturing footprint globally, R&D and marketing would be the other two key pillars in the company's pursuit for global eminence. 

Auto components major Bosch is looking to ramp up local production of its power tools division with an aim to increase sales by nearly 25 percent to about Rs 410 crore by 2015. The company currently produces drills, grinders and blowers at its Bangalore facility and will start producing the hammer series now from its plant in India. By 2015, the company is targeting to produce 40 percent of its tools sold in India from the Bangalore unit. The company, which sells its products under Bosch, Skil and Dremel brands, is expecting sales of about nine lakh units of various tools this year and 35 percent of that will be produced locally. Currently, the company imports various equipments from Malaysia, China and Germany.

Mahindra Lifespace Developers, the real estate and infrastructure development arm of the $15.9 billion Mahindra Group, has debuted in Andhra Pradesh with the launching of 'Ashvita', a premium residential project in Hyderabad. This flagship development of premium apartments is spread over 9.25 acres at Kukatpally, Hyderabad and will offer buyers the trust and quality associated with Mahindra Lifespaces. Ashvita is being developed as a gated community and offers a choice of 2BHK (1218 sq.ft. to 1261 sq. ft.), 3BHK (1567 sq.ft. to 1847 sq. ft.) and 4BHK (2018 sq. ft to 2082 sq. ft) units with an emphasis on open spaces within the complex, to meet buyer preferences. Ashvita is surrounded by quality social infrastructure & is located on the main arterial road connecting HITEC City to NH-9. It is close to the HITEC City MMTS station that is located less than one km away & the Mahindra Satyam Campus that is at a distance of 3 kms with travel time of 5 minutes, making it a good emerging residential area for people working at HITEC City.

State-run National Aluminium Company (NALCO) has raised aluminium prices by Rs 4,500 per tonne ($82.92) for all products in the domestic market, effective from December 01, 2012. The basic price of standard aluminium ingots after the latest increase is 143,700 rupees per tonne. NALCO, which is India's third-largest producer of aluminium, revises product prices from time to time to mirror London Metal Exchange prices. It last raised aluminium prices across all products by Rs 2,500 in November.

Bharti Airtel launched an 'emergency alert service' enabling its subscribers to send alert message with location details to 10 mobile numbers. Subscribers can even send a 'SAFE' SMS indication to a pre-defined group of 10 family members and friends and keep them informed of their wellbeing in case when out alone and during any natural calamity or disaster with just one click. Customers opting for 'Emergency Alert Service' will be charged Rs 30 for 30 days and they can send this alert even if they don't have minimum balance in their account. To send an emergency alert, the subscribers can give a call to 55100 and the number registered by him or her will receive voice and SMS alerts with location details of the customer.

Private carrier Jet Airways has sought government's permission to lease two Airbus 330-300s to deploy them on the Mumbai-Newark (US) route as part of its A330s fleet replacement plans. The airline has written to the government to allow it to lease two Airbus A330s to induct in its fleet. The Naresh Goyal-promoted airline had some time back had plans to take four A330-300s in the current fiscal as the A330-200 planes will be going off the fleet. They will be replacing two A330s-200s that are going off lease. The airline will deploy them on its Mumbai-Newark route. 

GMR Infrastructure's subsidiary, GMR OSE Hungund Hospet Highways, which is executing the 4 laning road project of Hungund - Hospet section of NH-13 on Toll Basis under NHDP - Phase III (in the State of Karnataka), has commenced partial toll collection exercise based on partial completion of the project ahead of schedule. Toll collection has been started at two out of three toll plazas of the project.

 


Top News Today
Gems and jewellery exports decline by around 9% to $39.5 billion in FY14
(21-Apr-2014)

Gems and jewellery exports decline by around 9% to $39.5 billion in FY14India's gems and jewellery exports fell by about 9 percent to $39.5 billion during the fiscal year 14 as compared to $43.34 billion in the previous fiscal. The exports of gems and jewellery, which contribute......click on news to read complete article.

IMC to discuss upon coal bidder's concern in its meeting on Thursday
(17-Apr-2014)

IMC to discuss upon coal bidderWith the government having initiated the process of auctioning coal blocks, bidders have raised concerns on several serious and trivial issues, including discrepancies in reserves in the biggest of the......click on news to read complete article.

Retail Inflation snaps three months easing trend at 8.31% in March
(16-Apr-2014)

Retail Inflation snaps three months easing trend at 8.31% in MarchQuestioning the assumptions which that worst is over for Asia's third-largest economy, the provisional annual inflation rate based on all India general Consumer Price Index (CPI) (Combined) disappointed......click on news to read complete article.

International Stock News
US markets gain; Dow closes unchanged
(25-Apr-2014)

US markets gain; Dow closes unchangedThe US markets closed higher on Thursday, after stronger-than-expected data outweighed worries over military escalation near Ukrainian border. On the economy front, the number of Americans who applied......click on news to read complete article.

Asian markets trade mostly lower in early deals on Thursday
(24-Apr-2014)

Asian markets trade mostly lower in early deals on ThursdayMost of the Asian equity benchmarks are trading lower in early deals on Thursday, tracking cues from Wall Street where profit-taking and a somewhat disappointing March housing data dragged down stocks.......click on news to read complete article.

US markets gain; S&P 500 marks longest rally in 2014
(23-Apr-2014)

US markets gain; S&P 500 marks longest rally in 2014The US markets closed higher on Tuesday, with the S&P 500 extending its winning streak to sixth day, the longest streak of gains since September 2013. On the economy front, the Federal Housing......click on news to read complete article.

 

     
  
Recent Top News News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.