Business Standard
Wednesday, May 16, 2012
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     News Now
 Companies & Industry
Bharti in talks for stake in Qualcomm India unit
MSCI's weighting action 'incorrect': HDFC
Coal Min asks CIL to consider NTPC's request on FSA
CCI okays Nippon Life's proposal to acquire stakes in R-Cap
Avendus Capital appoints RS Sharma to its board
Coal India signs fuel supply pacts with 14 power plants
Aurobindo gets USFDA approval for two tablets
Gas from KG-D6 drops to about 32 mmscmd
Glenmark gets nod from US for migraine tablets
Airtel, Axis tie up for mobile banking services
Lupin, Aurobindo get US nod for HIV drug
AI starts flights to US, Europe, pilots tell govt to begin talks
Welspun wins solar project in Madhya Pradesh
Cox & Kings to raise up to Rs 758 cr
Piramal Healthcare to buy US firm for Rs 3,440 cr
 Economy & Policy
Sanction awaited in medical scam involving Ramadoss: CBI
Austerity measures on the way, says Pranab
Oil prices fall as risk appetite declines
RBI may target forex futures: traders
Cannot close option of nuclear power: PM
Five states have demanded special category status: Govt
Over 1,450 corruption cases registered by CBI in past 3 yrs
Oppn fears repeat of 1991 as rupee touches record low
RBI may sell dollars to oil companies: TV report
Uproar in LS over presence of only one cabinet minister
Rupee's fall partly due to global factors: RBI
Pranab to address Parliament on rupee
Out of jail, Raja in Parliament
CBI raids Yedyyurappa, kin's homes
RBI officials resigned to weaker rupee
 Banking & Finance
Weak rupee actually helps India: CLSA
UPDATE: Rupee falls to all-time low of 54.46/dollar
Rupee fall: No dollar supply in the market, say experts
Rupee at 5-mth low, down 47 paise vs dollar
 Markets & Investing
RBI steps in only to curb rupee volatility, not support value: Deputy
Markets slump amid weak rupee, global cues
Markets end sharply lower amid weak rupee, Greece woes
Metal shares melt on Greece woes, Hindalco hits 2-yr low
Weak rupee drags market
Aditya Birla Nuvo hits 4-mth low on weak Q4 earnings
Markets extend losses, financials drag
Sensex may drift to 15,000, says BoA-Merrill
Chettinad Cement tanks 10% on discounted delisting price
HDFC slips 5% on huge volumes
Markets remain under pressure
MMTC jumps on strong Q4 net growth
New entrants in MSCI index rally, Godrej Consumer surges 9%
Prime Focus rallies on stake hike by Rakesh Jhunjhunwala
Pantaloon Retail slips on dismal Q3 nos
Markets open gap down, global cues weigh
Tata Motors skids on flat global sales in April
Pre-market: Sensex may slip on global cues
 International
Michelle mulled divorcing Barack Obama in 2000: book
France's new prime minister takes office
European shares set fresh lows for 2012, Greece weighs
Merkel, Hollande want Greece to stay in the euro
Nikkei drops 1% but scrambles back above support level
Euro twilight zone beckons for Greece
Greeks pull funds from banks
A prairie fire of debt is sweeping nation: Romney
Wall St suffers third straight drop after late slide
India must open coal to private miners: Tata Power
Exchanges iron out kinks as Facebook IPO looms
Facebook expands IPO size by 25%
JPMorgan was warned risk management not up to task
Euro hits 4-month low, world stocks drop on Greece turmoil
GM to drop Facebook ads due to low consumer impact
Asian shares ease as Greek uncertainty saps risk appetite
 Politics
Sanction awaited in medical scam involving Ramadoss: CBI
Oppn fears repeat of 1991 as rupee touches record low
CBI raids Yedyyurappa, kin's homes
Commodities
Gold at 5-week low on lower offtake, weak global cues
Copper, other base metals remain weak on global cues
Potato extends gains on spot demand
Silver down 1.28% on weak global trend
Gold futures fall on global cues
Lead down on sluggish spot demand
Zinc sheds further ground on weak global trend
Crude palm oil falls on profit-booking
Mentha oil gains in third straight session, zooms 3%
Cardamom rises 1.3% on spot demand
Crude oil extends losses on weak global cues
Asian gold hits 4-1/2 month low on Greek turmoil
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 Yesterday's News Update
 Companies & Industry
20:44Tulip Telcom Jan-Mar qtr net up 19% at Rs 67 cr
20:41JK Tyre Q4 net soars 7-fold to Rs 86 cr
20:35Cummins India Q4 net profit rises marginally to Rs 144 cr
20:32Videocon Industries to raise over Rs 270 cr via pvt placement
20:29MMTC quarterly profit touches Rs 89 cr in Q4
20:26Sistema to pull out from India if Trai proposals accepted
19:08Shri Lakshmi Cotsyn Q3 net up 41% at Rs 39 cr
19:06Muthoot Finance FY12 net up 80% at Rs 892 cr
18:12Essar Energy refinances $450 mn bridge loan
18:04ITC's Sri Lankan arm buys land for hospitality project
17:51Tata Motors global sales flat at 87,377 units in April
17:34Dishman Pharma Q4 net up 37% at Rs 31 cr
17:22Panasonic India to invest Rs 210 cr on marketing this yr
17:08Marg FY12 net up 85% Rs 111 cr
16:50Aditya Birla Nuvo Q4 net down 42% to Rs 170 cr
16:37Pvt power firms urge govt to pool gas to tackle scarcity
15:13Electronics market to reach Rs 20 lakh cr by 2020: Assocham
15:06IVRCL bags orders worth Rs 652.65 cr
14:56Everonn Education posts Rs 63 cr loss
14:53Shree Cement Q4 net up 73% at Rs 114 cr
14:26JK Paper Q4 net dips 52% at Rs 11.12 cr
14:13Mahindra Satyam set to revive Nagpur SEZ
12:3710 Air India flights cancelled as stir enters eighth day
12:22Honda sees 30% motorbike revenue from India by 2020
11:55Honda launches 'Dream Yuga', HMSI to rope in Akshay Kumar
11:20Ashok Leyland to invest Rs 4,150 cr in TN
 Economy & Policy
18:22Area under rice, oilseeds down yield rises
17:44Direct tax revenue doubled to Rs 4.46 lakh cr in 5 yrs to FY11
17:42Pakistan Q1 exports to India rise by 2.8%
16:58Govt to have independent member on GAAR panel
16:32Commerce Min asks sugar mills to register export deals
16:28Joint Study Group set up on feasibility of India-Africa FTA
15:32We reply faster than others on foreign queries: Swiss govt
15:30Hiring picks up in April, social services lead
15:08DTC Bill to be introduced in Monsoon Session: Pranab
15:0321 PSUs have no full-time CMDs: govt
14:54Govt initiates probe into dumping of Chinese product
14:38A Raja granted bail after 15 months in jail
13:39Ajit Singh under attack in LS
12:32Govt decides to cut Iran oil import by 11%
 Banking & Finance
20:18Oriental Bank slashes lending rates by up to 1.5%
14:48What more can India do to support the rupee?
14:43Rupee up 10 paise against dollar after touching 54-level
 Markets & Investing
20:38Rakesh Jhunjhunwala buys 2.5 mn Prime Focus shares
20:21L&T extends gain, shares up over 5%
16:46Mentha oil extends gains as spot demand picks up
16:09Markets end higher led by L&T
15:32Markets end higher led by capital goods stocks
15:20L&T extends gain, surges 6%
14:35Maruti Suzuki skids on buzz of downscale of investment plans
14:11BPCL at 17-mth high on Mozambique gas discovery
14:10Silver down over 1% on overseas trend
13:56Gold declines on weak Asian cues
13:49Bharti Airtel shares hit by money laundering probe
13:31JSW Steel soars post Q4 earnings
12:54Markets recover in noon trades
12:22Crude oil down pressurised by global concerns
12:19Geometric rallies on stake hike by Rakesh Jhunjhunwala
12:08Zinc down on weak global cues
12:04Lead declines on weak overseas cues, sluggish demand
12:00Copper falls to lowest since Jan 12, on weak global cues, subdued dema
11:55Infinite Computer surges on strong FY13 outlook
11:34Markets marginally up led by L&T
11:31C&C Constructions hits new low on disappointing Q4 nos
11:19IVRCL rebounds on new order win
10:44Lovable Lingerie hits 11-mth low on weak Q4 earnings
10:16Pantaloon Retail plunges 7%
09:52Orchid Chemicals tanks over 20% post Q4 results
09:41Gold falls to 4-1/2 month low on Greece risks
09:30Rupee, global cues drag Nifty below 4,900
09:24Rupee recovers by 19 paise against dollar in early trade
09:22Eicher Motors rises on robust Q1 earnings
08:08Pre-market: Soft opening seen
 International
19:29Wall Street flat as Greece faces elections
18:57Greece will hold new vote after failure to form govt
17:58Coty Inc withdraws proposal to acquire Avon
16:55Hollande sworn in as French President amid euro turmoil
14:06Dimon faces grilling at JPM annual meeting as losses loom
13:32Nikkei closes at 3-1/2 month low on Greece fears
11:14Yahoo investors applaud change, fear limbo
09:01Groupon makes first profit, shares surge
08:56Moody's downgrades Italian banks, outlook negative
08:44S&P 500 down for 4th day of five, Groupon up late
08:38JPMorgan CIO retires, Obama says proves reform case
08:34Euro zone dismisses Greek exit 'propaganda'
08:29Asian shares slide as Greece risks dominate
08:25Facebook hikes IPO range to raise $12.1 bn
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