Translate

Thursday, April 10, 2008

MARKET UPDATES

Infosys FY09 EPS seen at Rs 94 and anything above Rs 90 is good.

Tata Motors gained on Thursday on reports that the company plans to expand its business in Africa by setting up assembly facilities, mainly for commercial vehicles. At 12.15 pm, the stock was up Rs 6.50 or 1 per cent to Rs 638.25 on the NSE.

SEL Manufacturing Company Ltd has informed the BSE that the board has approved the expansion project for setting up of largest technical textile manufacturing facility with an overall investment of Rs 611.67 crore to be located at Nawanshehar.

Country's second largest private shipping firm by fleet size Mercator Lines has lined up an investment of Rs 4,000 crore to buy dredgers and dry bulk cargo carriers, a top company official said.

Max New Life Insurance in partnership with Symbiosis Institute of Business Management announced the launch of a Post Graduate Diploma in Business Management with specialization in Life Insurance.

Asian and European stocks edged lower after Washington Mutual Inc, the largest US savings and loan firm, said on Tuesday, 8 April 2008, it expected a large quarterly loss and minutes from the Federal Reserve's latest meeting showed some of the central bankers saw the possibility of a prolonged and severe US economic downturn.

BCCI-backed Indian Premier League claims it will give serious competition to the 'Saas Bahu' sops on television as a "sizeable number of women" have shown "tremendous interest" in the shorter format of the game.

Financial Technologies India Ltd has informed the BSE that it has acquired 90 per cent stake in ICX Platform (Pty) Ltd, a technology firm situated at Johannesburg.

BHEL BAGS EXPORT ORDER WORTH $500MN - NDTV PROFIT

No comments: