Stock Market Updates SEBI approved a proposal from Stock Exchanges to increase the trading hours. Stock Exchanges can function from 9:00 AM to 5:00 PM (currently tradinging from 9:55 AM to 3:30 PM). Both Bombay Stock Exchange and National Stock Exchange will soon make announcements on implementation...

October 20, 2009 :: Daily Indian Stock Market News The Krishna-Godavary basin gas-supply dispute between RIL and RNRL comes to hearing from today onwards. RIL has been named as one of the top 25 global champions for the year 2009 as it gave good returns to investors amidst global economic slowdown. The...

Tata Consultancy Services announced good results that beat market expectations. TCS announced Rs 2 intermediate dividend.  TCS posted a growth of 5.3% in its top line in Rupee terms. Sales: Rs.5744.40 Cr vs Rs.5699.96 (1% up) Net Profits: Rs.1642 Cr vs Rs.1173.04 Cr (29% up) OPM: 29.11% vs 28.09% (4%...

Hitachi Home & Life Solutions announced very good results with its bottom line showing a smart 77% growth. Sales also rose by 35%. Sales: Rs.131.06 Cr vs Rs.97.27 Cr (35% up) Net Profits: Rs.8.75 Cr vs Rs.4.94 (77% up) OPM: 8.41 % vs 7.85% (7% up) Balaji Telefilms announced disappointing results...

October 16, 2009: Indian Stock Market News NDTV Network, a group company of New Delhi Telivision (NDTV), announced that it will buyback the the 26% share that NBC Universal has in PLC. The financial details of the buyback deal have not been announced. On Thurday, the last day of the public issue of...

Oct 15, 2009 :: Daily Stock Market News L & T announced that it has bagged orders worth Rs.966 crore from Sterlite Industries, Uttar Pradesh Jal Nigam and Gujarat Water Infrastructure. In an attempt to catch up with rivals, RIL aims to buy a refinery or a chemicals unit before the end of the...

Incidentally on September 04, 2009 (Friday) , both the much hyped power IPOs that came to the primary market, Adani Power and NHPC, closed below their issue price. So many investors flocked at these IPOs as they oversubscribed many times hoping to book smart listing day profits. But however, they were...

Morgan Stanley on Thursday said that sensex could touch 50,000 mark in seven years from current levels , if the assumptions made are optimistic. “One way of looking at market valuations is to find out the number of years it could take the market to reach a certain level. In our base case, using our...

Rolta India is an information technology (IT)-service provider with three lines of business — geospatial information system (GIS) services, engineering design (ED) services, and enterprise information and communication technology (EICT) services. Its shares have been constantly under pressure since...