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Malvinder Singh quits Ranbaxy; Atul Sobti made CEO and MD
Tsutomu Une, non-Executive Director, elected Chairman of the board. New Delhi, May 24 Ranbaxy Laboratories and Daiichi Sankyo on Sunday announced that Mr Malvinder Mohan Singh has stepped down from the positions of Chairman, CEO and Managing ...
No one has forced me to resign, says Malvinder
New Delhi, May 24 Mr Malvinder Singh has been associated with Ranbaxy for many years. Here he explains his decision to resign from the Ranbaxy Board and what he plans to do ...
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Top moves: Dr Tsutomu Une...
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TODAY'S PICK (Latest Audio: English/Tamil)
Tata Tea (Rs 688.8): Sell
We recommend a sell in Tata Tea stock from a short-term trading perspective. It is apparent from the charts of Tata Tea that it has been trending up since November 2008 low of Rs 430. However, the stock encountered significant resistance ...
Day Trading Guide
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Warrants issue by cos on the rise
Promoters look to hike stake at lower stock prices. With markets rebounding, the promoters of India Inc appear to be rushing to hike their equity stakes in companies while prices are still ...
Ministry proposes $5-b fund to boost resources for export credit
New Delhi, May 24 The Commerce Ministry has proposed a $5-billion trade finance facility to augment resources for the export sector. This facility may roll out within the first 100 days of the new UPA ...
IPL-2: Multi Screen hopes to garner Rs 200 cr more
New Delhi, May 24 Multi Screen Media (MSM) expects to earn almost Rs 500 crore from the second season of the Indian Premier League, as against Rs 300 crore from IPL I, according to sources close to broadcaster ...
Reliance Infra gets nod for new warrant conversion at Rs 1,000/share
Previous conversion price was ‘way out of line’ with market price. The board of Reliance Infrastructure approved a new preferential offer of 43 million shares to the company’s promoters, convertible at Rs 1,000 a share, ...
Energy studies now on the MBA menu
We have developed legal & scientific expertise for the course: Arthur D. Warga. Houston, which is also known as the energy capital of the world, is quite appropriately at the centre of academic research into the energy sector. In keeping ...
FM faced with long wish-list
With the resounding victory of the UPA and the almost complete weakening of the Left, the decks have been cleared for a meaningful Budget to be presented in June 2009. Mr Pranab Mukherjee will continue to be in charge of the Finance Ministry in ...
IT mid-market M&A space may see activity soon
Increase in enquiries for cross-border opportunities. Bangalore, May 24 Deal makers see a spurt in the IT sector mid-tier M&A (mergers and acquisitions) over the next two to three quarters tracking an anticipated recovery in the global ...
Tata Housing building on the strength of low-cost homes
Mumbai, May 24 Tata Housing Development Company created waves recently when it announced its intention to build nearly 1,000 homes priced in the range of Rs 3.9-6.7 ...
After the storm, market likely to remain calm
Mid- and small-cap stocks to stay in focus. Dalal Street this week is likely to enter a relatively stable zone, away from initial euphoria over election results. Market has found a new and higher base to consolidate on. After a verdict that ...
Comex gold may test resistance levels
Gold futures, ended sharply higher on Friday as the slumping dollar and higher oil prices boosted the metal’s appeal as an alternative investment. Rise in energy prices also supported gold. Bullion typically gains when the dollar weakens ...
Crude to resume its upward traction on weaker $
Currency movements beginning to drive gold prices. If commodity markets are known to provide an early lead indicator of change in the pace of economic activity, then there may be a good news for the world. In recent weeks, crude, some base ...
Newspapers struggle to find a new business model
For many, the day does not begin without the newspaper in one hand and a cup of coffee in the other. It is an easing into the day’s routine, while catching up on what happened around the world. Each one has a favourite starting point. ...
From MB to GB to TB to…
HP captures turning points in the evolution of storage.. How much information did we create in 2008? The equivalent of more than: 237 billion fully-loaded Amazon Kindle wireless reading devices, 4.8 quadrillion online bank transactions, 3 ...
Bay storm intensifies, prepares for landfall
Thiruvananthapuram, May 24 Saturday’s depression over west-central and adjoining east-central Bay of Bengal moved north, intensified into a deep depression and lay centred about 350 km southeast of Paradip on Sunday ...
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