The Supreme court has apparently made a judgment which is likely to favour of worlds fourth richest man, Mukesh Ambani, in a long running dispute over supplying natural gas from the Krishna godawari basin off the east Indian coast with his younger brother Anil Ambani. and authorize government to set gas prices. The court finally [...]
Telecom regulator Trai has voiced its opinion against further auction of 2g spectrum by citing that such an auction will not briang any substantial revenue benefits for the government. It also seems to hold the view that mergers and acquisitions are the way to go forward and some amount of consolidation is the industry may [...]
Leading Pharma giant Ranbaxy has posted stellar profit of Rs960cr for the quarter ending March 2010 and its profit for the quarter also makes for an impressive reading given the fact that the company posted a loss of over 767 crores for the corresponding period a year back. The robust performance by the Daiichi owned [...]
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Prces of gold in India has seen a sharp rise in recent days with auspicious day of Akshay Tritiya on the horizon. The price of pure gold which typically has 99.95% purity and has reached the Rs 18,325 per 10 gm. However despite the high prices of gold in the market, the demand for gold [...]
Engineering major Larsen and Toubro has posted stellar growth figures in its latest Q4 results which is likely to serve as an yet another reminder to its investors that the company is clearly hitting a purple patch. The company reported a robust growth of 44 percent which was considerably higher than market expectations. It is [...]
Speculations about the next probable target for takeover in the pharmaceutical sector are quite high after Piramal Healthcares generic unit has been taken by Abott of the US. Global companies are eyeing Indian pharmaceutical sector which is developing 13-15% as compared to 2-3% in the West. After takeover of Ranbaxy by the Japanese company Daiichi [...]
The Indian Rupee completed its worst week on last Friday since July 1996 facing the largest weekly decline as stocks tumbled raising concern for Europe debt crisis. The partially convertible rupee remained at around 46.95/96 per dollar on Friday afternoon, weaker than its previous close at 46.81/82. It also touched 47.33 which is the lowest [...]
As the estranged Ambani brothers decided to bury the hatchet and canceled all the existing non compete pacts signed in 2006, the benchmark indices rose more than a percent and market turned bullish. However towards the end of the trading day, much of the gains were wiped off. During morning trade RNRL was up 20 [...]
Stocks of ICICI banks continued to slip as investors were not enthused by the lukewarm response to its merger deal with Bank of Rajasthan. It is important to note that the meeting of boards of ICICI and Bank of Rajasthan on Sunday in Mumbai finalized the merger between them. ICICI and Bank of Rajasthan have [...]
Networking equipment Cisco is all set to roll out a fresh new line of routers and switches catering to smart grid electrical utility. The Connected Grid Router (CGR) and Connected Grid Switch, which will be announced later this week, will be the first in line to support the next generation smart grid market, which, according [...]