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TOP Stock Market News FROM LEADING FIRMs
 

Moneycontrol Top Headlines

Daimler, Hero JV to manufacture CVs above 2T GVW

Daimler and Hero have submitted their proposed joint venture application to FIPB on December 17, reports CNBCTV18, quoting sources. Daimler AG is proposing to enter into a technology license agreement with the Hero Group. The new JV company will design, manufacture, and sell CVs above 2 tonne GVW for India and international markets. (read more)
Bull blamed for bear hug?

It’s the bull! That’s what many brokers blame for the bear hug on Dalal Street. CNBCTV18’s Payal Bhattar says that BSE\'s bull has kicked up a storm on the street. (read more)
Big Bazaar rakes in moolah

The Republic Day weekend has now become synonymous with sales across the country. And the one that started them allBig Bazaar\'s Sabse Sasta Din has broken all records this year. CNBCTV18’s Vivin Mathew reports that this year electronics and jeans were hot sellers. (read more)
Four Indians in Forbes Top 10 list

Steel tycoon Lakshmi Mittal alongwith Ambani BrothersMukesh and Anil, are among the ten wealthiest CEO’s in the world, according to Forbes. Four positions of the ten have been grabbed by Indians, reports CNBCTV18. (read more)
Mundra Q3 net profit at Rs 52.4cr

Mundra Port in Q3 reported net sales of Rs 205.3 Cr. During the same quarter, its net profit was up at Rs 52.4 cr. (read more)
Tata Power Q3 net profit at Rs 197 cr

Tata Power in Q3 FY08 reported net profit of Rs 197 cr versus Rs 279.9 cr on YoY basis. During the same period, its net sales was at Rs 1419 cr. (read more)
Sun Pharma Q3 net profit seen up at Rs 256cr

Sun Pharma is to announce its Q3 FY08 result. According to CNBCTV18 estimates, the company in Q3 is expected to post net profit of Rs 2560cr versus Rs 198.85 cr, up 29%. (read more)
Opto Circuits posts 103% gwth in sales in Q3FY08

Opto Circuits posts 103 % growth in sales in Q3 FY08 (read more)
MTNL Q3 net profit seen at Rs 122.07cr

MTNL is to come out with its Q3 FY08 result. According to CNBCTV18 estimates, The company in Q3 FY08 may post net profit (before extraordinaries) of Rs 122.07 cr versus Rs 47.91 cr, up 154.78% on YoY basis. (read more)
CRISIL IPO grade 3/5 assigned to Vascon Engg IPO

CRISIL IPO grade 3/5 assigned to the IPO of Vascon Engineers Ltd. Proposed issue of 10,680,000 equity shares aims to raise Rs 3 billion to Rs 4 billion (read more)

Business Line - Markets

Corporate developments

Coimbatore, May 14 Apollo Sindhoori Capital Investments Ltd has called for a meeting of the board of directors on May 22 to approve the audited financial results for the financial year ending March 31, 2008 and to consider ... (read more)
What do REMFs offer stakeholders?

With the recent announcement of the much-awaited regulation of Real Estate Mutual Funds (REMFs), stakeholders are excited with the prospect of investing in the much-sought-after avenue of real estate. Currently, retail investors have limited ... (read more)
Forging division hive-off news lifts LG Balakrishnan Brothers

New entity to be listed; eyeing cross-border acquisitions (read more)
Lloyd Electric buyout to help access Europe

Luvata Czech would enable it to get superior technology (read more)
‘Waves to make sense of financial markets’

Expert bullish on CNX-IT index; bearish on Zinc (read more)
Positive sentiment

Tata Steel price, open interest jump

RPL, Reliance shed open positions (read more)
India focus

Polaris Software Lab (Rs 109.35): Buy

We recommend a buy in Polaris Software Lab from a short-term perspective. It is clearly visible from the charts that the stock has formed a significant trough at Rs 62 in January. This trough has halted the long-term down trend that was in ... (read more)
Day Trading Guide

Negating our prior view, the stock moved up forming a long bullish candle, accompanied with good volume. We change our recommendation to buy. L&TThe stock is pausing at Rs 2,830 levels. Buy the stock in ... (read more)
 

Daily News & Analysis: Money News

Taming inflation is biggest challenge: FM

Finance Minister P Chidambaram said controlling inflation is the biggest challenge before the government, and speculative money appears to have moved into commodities markets. (read more)
Virgin Mobile India appoints Madhusudan Mandyam as CEO

Virgin Mobile India, a joint venture between Virgin Group and Tata Teleservices, said it has appointed Madhusudan Mandyam as its chief executive officer. (read more)
Milestone Resorts investing Rs 500 crore in expansion

Milestone Resorts today announced its plans to invest close to Rs 500 crore in expanding and upgradation of its hotel properties in Gurgaon and Goa. (read more)
Etihad Airways adds Chennai, Kozhikode to Indian destinations

The United Arab Emirates' (UAE) national carrier Etihad Airways will start daily operations to Chennai and Kozhikode in India from Aug 1 this year. (read more)
PNB to set up branches in four overseas locations

Punjab National Bank, country's second largest public sector lender, said it is in the process of starting overseas operations in four locations in the immediate future. (read more)
Sensex gains 225 pts

The Bombay Stock Exchange benchmark Sensex on Wednesday gained 225 points on the back of rally in Infosys, TCS and Tata Steel. (read more)
Vijay Bhatnagar appointed ArcelorMittal India CEO

World's largest steelmaker ArcelorMittal has appointed Vijay Bhatnagar as the new Chief Executive Officer for its India operations. (read more)
Patni closes in on $50m telecom deal

Patni Computer, the Mumbai-based IT services provider, is about to close an over $50 million deal with a top telecom carrier in India to provide a proprietary service delivery framework. (read more)
IT park to come up in Century Textiles land

The B K Birla Group has announced that an IT park, hotels, serviced apartments and residential buildings would come up at its Century Textiles & Industries land in Worli. (read more)
Angel networks on a high after a few smart exits

Angel networks, a concept barely two years old in India, may have proved a point with a couple of exits investors operating through these networks have got over the past year. (read