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DLF promoters sell 9.9% stake, raise Rs 3,860 cr
Capital International Fund, HSBC, Fidelity, T Rowe Price among key buyers. New Delhi, May 13 The promoters of DLF Ltd on Wednesday sold 9.9 per cent stake in the company to institutional investors, for a consideration of Rs 3,860 crore. Capital ...

TCS bags outsourcing deal from Volkswagen
5-year deal to combine onshore, offshore services. Mumbai, May 13 Tata Consultancy Services has bagged a five-year IT outsourcing deal with Volkswagen (VW) Group UK which for the first time will use a mixture of onshore and offshore services for ...



60% turnout: The Chief El...
TODAY'S PICK (Latest Audio: English/Tamil)
Glenmark Pharma (Rs 168): Sell
We recommend a sell in Glenmark Pharmaceuticals from a short-term trading perspective. It is visible from the charts of Glenmark Pharma that in March it took support just above the key support level of Rs 120 and began to trend upward. The stock ...

Day Trading Guide


DoT mulls uniform licence fee for all types of telecom services
Move aimed at stopping revenue leakage for the Government. New Delhi, May 13 The Department of Telecom is considering doing away with the existing variable licence fee structure for telecom operators and replacing it with a uniform rate for all ...

G-Sec trading volumes dip over political uncertainty
Mumbai, May 13 Uncertainty surrounding Government formation appears to have taken a toll on the Government securities market with traded volumes shrinking by almost 60 per cent between the first phase of polling on April 16 and the fifth ...

Vegetable oil imports double in April
Chennai, May 13 Vegetable oil imports more than doubled in April, while the shipments into the country are now projected to be at record 80 lakh tonnes (lt) for the current oil year ...

IT vendors face severe pricing pressure
Clients intensify negotiations, seek higher discounts. Bangalore, May 13 Indian IT firms are under pressure to cut high profit margins as cross border customers bargain hard to ...

Nano vendors seek guarantee on loans to invest in Sanand
Ancillaries in a fix due to Singur expenses and poor orders. Mumbai, May 13 Key ancillary suppliers associated with the Nano project have indicated that they would ideally like Tata Motors to guarantee their loans for investing in the Sanand ...

Market participants take exit polls lightly
Possibility of Third Front Govt feared the most. Mumbai, May 13 Market participants are not reading too much into the exit poll figures that showed the Congress-led alliance slightly ahead of the BJP ...

Monsoon lag in Bay, Kerala may spring a surprise
India Meteorological Department (IMD) has started an unofficial `count-down' prior to declaring monsoon onset conditions even as the Bay of Bengal weather kept forecasters on their ...

Suzlon Energy promoters sell 2% stake, raise Rs 230 cr
Chennai, May 13 Suzlon Energy’s promoters have raised about Rs 230 crore by selling a 2 per cent stake in the company through a ...

Will more central banks buy gold as reserve asset?
Report of China buying gold from domestic sources over the last six years may actually have more significance than meets the ...


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Markets (May 13)
Nifty (at close)3635.25(-45.85)
US Dollar (Buy/Sell)49.70/71
Brent crude (a bbl) Rs2,864
Gold (a gram) Rs1,363
Silver (a kg) Rs23,835


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