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Everything you need to know about Bombay Market: news, reviews, in-depth analysis, opinion and more

Everything you need to know about Bombay Market: news, reviews, in-depth analysis, opinion and more

Hero Motocorp's scrip down 7 percent

May 3, 2012 at 2:14 PM

Mumbai, May 3 (IANS) An expected slowdown in the automobile industry coupled with increased competition dampened investor sentiments on Hero MotoCorp's scrip, which fell by 6.99 percent in Thursday's intra-day trade.

Hero MotoCorp's fourth quarter net up 20 percent

May 2, 2012 at 5:06 PM

New Delhi/Mumbai, May 2 (IANS) Hero MotoCorp, the world's largest two-wheeler maker, Wednesday reported a 20.33 percent rise in net profit for the fourth quarter of fiscal 2011-12 at Rs.603.59 crore from Rs.501.61 crore for the quarter that ended March 31, 2011.

Bharti Airtel quarterly net income down 28 percent

May 2, 2012 at 1:54 PM

New Delhi, May 2 (IANS) Telecom service provider Bharti Airtel Wednesday reported a 28 percent decline in consolidated net income at Rs.1,006 crore for the quarter ended March 31, owing to higher costs on account of 3G licence fee amortisation, forex fluctuation losses and tax provisions.

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Dedicated police constable commutes staggering 450 miles to work

May 1, 2012 at 5:06 PM

London, May 1 (ANI: A dedicated police officer posted in UK goes the extra mile for the people on his beat - by commuting 450 miles from his new home in Germany every week.

Exide Q4 net profit dips 12.9 percent

April 30, 2012 at 9:06 PM

Kolkata, April 30 (IANS) Exide Industries, the biggest storage battery producing company in India, Monday reported 12.9 percent slide in its net profit in the quarter ended March 31, 2012 to Rs.1.42 billion (over $26 million) from Rs.1.63 billion during the same period an year ago.

Sensex up 131.47 points, IT stocks gain (Roundup)

April 30, 2012 at 5:22 PM

Mumbai, April 30 (IANS) A benchmark index for Indian equities markets Monday closed 131.47 points higher, helped by supportive global cues and good buying interest in information technology (IT) stocks.

Sensex up 76.94 points

April 30, 2012 at 3:54 PM

Mumbai, April 30 (IANS) Led by good buying support for information technology (IT) and bank scrips, a benchmark index for Indian equities markets was trading 76.94 points higher around the 2 p.m. trade session Monday.

Sensex up 160.85 points in afternoon trade

April 30, 2012 at 1:22 PM

Mumbai, April 30 (IANS) A benchmark index for Indian equities markets was trading 160.85 points higher in the afternoon session Monday, led by good buying support for information technology (IT) and bank scrips.

Dunlop board allots shares to convert loan into equity

April 28, 2012 at 11:38 PM

Kolkata, April 28 (IANS) The board of directors of Dunlop India Saturday allotted five crore equity shares on preferential basis to three loan assignees in order to convert the ailing tyre-maker's outstanding loan of around Rs.60 crore into equity.

Biocon quarterly net profit declines 29 percent

April 27, 2012 at 5:54 PM

New Delhi, April 27 (IANS) Biopharma company Biocon Friday reported a 29 percent decline in net profit at Rs.62.34 crore for the quarter ended March 31 against Rs.88 crore during the like period of the previous financial year.

Idea Cellular quarterly net profit falls 13 percent

April 26, 2012 at 7:45 PM

Mumbai, April 26 (IANS) Telecom service provider Idea Cellular Thursday reported a 13 percent decline in net profit for the quarter ended March 31 at Rs.238.98 crore owing to higher depreciation and interest charges on 3G investments.

S&P lowers outlook for Infosys, TCS, Wipro to negative

April 25, 2012 at 7:41 PM

New Delhi, April 25 (IANS) Rating agency Standard & Poor's (S&P) Wednesday revised outlook for three top Indian information technology companies -- Infosys, Tata Consultancy Services (TCS) and Wipro -- to negative from stable.

Sensex ends 56 points down ahead of F&O expiry

April 25, 2012 at 5:25 PM

Mumbai, April 25 (IANS) A benchmark index for Indian equities markets closed 56 points lower Wednesday in choppy trade ahead of April futures and options expiry Thursday and after rating agency Standard & Poor's cut India's growth outlook from stable to negative.

TCS shares surge 12 percent on robust earnings

April 24, 2012 at 3:16 PM

Mumbai, April 24 (IANS) The shares of Tata Consultancy Services (TCS) Tuesday surged more than 12 percent in the afternoon trade following a better than expected quarterly earning Monday.

Telecom shares plunge on 2G spectrum price hike move

April 24, 2012 at 1:40 PM

New Delhi, April 24 (IANS) The share prices of telecom firms fell sharply Tuesday, a day after the regulator proposed a high reserve price for the 2G spectrum to be auctioned.

Sensex plunges 277 points on weak global cues (Roundup)

April 23, 2012 at 5:56 PM

Mumbai, April 23 (IANS) Indian equities markets closed lower Monday with a benchmark index falling 277.16 points. Realty, banking and telecom stocks were among the worst losers as weak European cues impacted trading sentiments ahead of the derivative expiry next Thursday.

Sensex closes 277 points down in choppy trade

April 23, 2012 at 4:36 PM

Mumbai, April 23 (IANS) Indian equities markets closed lower Monday with a benchmark index falling 277.16 points. Realty, banking and telecom stocks were among the worst losers.

Sensex down 1.05 percent at 17,192.02 points

April 23, 2012 at 2:28 PM

Mumbai, April 23 (IANS) A benchmark index for Indian equities markets was trading 181.82 points or 1.05 percent down Monday, amidst a choppy session ruled by major selling pressure.

Suzlon's arm bags orders worth $387 mn in two months

April 23, 2012 at 2:04 PM

Mumbai, April 23 (IANS) India's wind turbine manufacturing major Suzlon Energy Monday said its group subsidiary REpower Systems has bagged cumulative orders worth $387 million across Europe over a two-month period, excluding orders announced separately.

Sensex down 21.31 points in the afternoon trade

April 23, 2012 at 12:20 PM

Mumbai, April 23 (IANS) A benchmark index for Indian equities markets was trading 21.31 points or 0.12 percent down Monday, amidst a choppy session ruled by major selling pressure.

Explore Shilllong, says filmmaker Chinmoy Sarmah

April 22, 2012 at 8:36 PM

Shillong, April 22 (IANS) Corporate honcho-turned-filmmaker Chinmoy Sarmah is making "Shillong" with Arfi Lamba, who acted in the Oscar-winning movie "Slumdog Millionaire". He says the aim is to tell Bollywood to explore the capital of Meghalaya instead of going to the West.

RIL fourth quarter net profit down 21.2 percent

April 20, 2012 at 8:13 PM

Mumbai, April 20 (IANS) Reliance Industries Ltd (RIL) Friday reported a 21.20 percent decline in net profit at Rs.4,236 crore in the fourth quarter of 2011-12, compared to Rs.5,376 crore in the corresponding period of 2010-11.

RIL fourth quarter net profit down 21.2 percent

April 20, 2012 at 6:29 PM

Mumbai, April 20 (IANS) Reliance Industries Ltd (RIL) Friday reported a decline of 21.20 percent in its net profit, which stood at Rs.4,236 crore in the fourth quarter of 2011-12 compared to Rs.5,376 crore in the corresponding period of 2010-11.

Cairn India consolidated net profit declines 11 percent

April 20, 2012 at 6:29 PM

Mumbai, April 20 (IANS) Cairn India Friday posted an 11 percent decline in consolidated net profit at Rs.2,186.23 crore during the quarter ended March 31 against Rs.2,457.79 crore during the like period of the previous financial year.

India's Sensex down after previous rallies

April 20, 2012 at 12:05 PM

Mumbai, April 20 (IANS) Indian equities were ruling in the red intra-day Friday after a key index opened lower, after rising more than 400 points this week due largely to the favourable monetary policy announced by the central bank three days ago.

Body at nursery: 'Killer' arrested in Delhi

April 19, 2012 at 7:41 PM

New Delhi, April 19 (IANS) A young man from the Khan Market area was arrested Wednesday night for allegedly murdering a teenager at a nursery near the market on April 10 and later setting the body on fire, said a senior Delhi Police official Thursday. The brunt body was discovered early Wednesday.

Infosys declares 440 percent final dividend

April 13, 2012 at 10:51 AM

Bangalore, April 13 (IANS) IT giant Infosys Ltd Friday declared a final dividend of Rs.22 per share for fiscal 2011-12, which is 440 percent over its par value of Rs.5 per share.

ECIL launches two high-tech defence products

April 11, 2012 at 11:23 PM

New Delhi, April 11 (IANS) Defence public sector undertaking Electronics Corporation Of India Ltd (ECIL) Wednesday unveiled two high-technology products - a carrier ethernet switch router and a secure network access system (SNAS) - on its 45th foundation day.

Aviation stocks climb on FDI hopes

April 11, 2012 at 5:31 PM

Mumbai, April 11 (IANS) Share prices of aviation companies soared Wednesday on reports that the government would this week permit up to 49 percent foreign direct investment (FDI) in the sector, allowing foreign airlines to pick up stakes in domestic carriers.

Sensex slips 100 points; metal, telecom stocks slump

April 11, 2012 at 1:00 PM

Mumbai, April 11 (IANS) A benchmark index for Indian equities markets fell nearly 100 points in the afternoon session Wednesday due to selling pressure in metal, telecom and oil and gas stocks.

Sensex falls 58 points; IT, metal stocks slump

April 10, 2012 at 1:22 PM

Mumbai, April 10 (IANS) A benchmark index for Indian equities markets fell 58 points in the afternoon session Tuesday due to selling pressure in technology and metal stocks.

Sesa Goa issued notices for violating norms

April 9, 2012 at 9:53 PM

Panaji, April 9 (IANS) The Panaji bench of the Bombay High Court Monday issued notice to top officials of Vedanta Resources-owned Sesa Goa, Goa's biggest mining company, for alleged violation of ore transportation norms.

Sensex slumps 220 points on weak Asian cues

April 9, 2012 at 1:45 PM

Mumbai, April 9 (IANS) A benchmark index for Indian equities markets fell 220 points in the afternoon trading Monday on sustained selling pressure due to weak cues from Asian peers.

Exhibition displays bouquet of colours, designs at Ludhiana shopping hub

April 7, 2012 at 2:50 PM

Ludhiana, Apr.7 (ANI): Designers from several parts of the country came under one roof to showcase a bouquet of colours and designs at a three-day exhibition here.

Silver Pheasant's sex change stuns zoo

April 5, 2012 at 2:40 PM

Lucknow, April 5 (IANS) In a rare and a first-of-its-kind phenomenon, a Silver Pheasant, a bird belonging to the peacock family, has changed its sex from female to a male.

Sensex falls 111 points on weak global cues

April 4, 2012 at 4:56 PM

Mumbai, April 4 (IANS) Indian equities markets benchmark indices closed in the red for the first time in four sessions Wednesday as some investors booked profit due to weak cues from global peers ahead of a long weekend.

Corporate backing must for fashion brands: Designers

April 4, 2012 at 2:16 PM

New Delhi, April 4 (IANS) The Rs.2.9 billion (over $57 million) Indian fashion industry is looking up and designers feel corporate support is a must for a further boost as collaborations between labels and business houses will lead to creative freedom and brand accessibility.

Sensex falls 100 points on weak Asian cues

April 4, 2012 at 1:36 PM

Mumbai, April 4 (IANS) A benchmark index for Indian equities markets was trading over 100 points lower in the afternoon session Wednesday as some investors booked profit due to weak cues from Asian peers.

BHEL FPO on hold, profit rises 14.3 percent in 2011-12

April 3, 2012 at 6:24 PM

Mumbai, April 3 (IANS) State-owned Bharat Heavy Electricals Ltd (BHEL) Tuesday said its follow on offer (FPO) for which the draft prospectus was filed with the Securities and Exchange Board of India (SEBI) last year has been put off.

Sensex climbs 119 points; SBI, RIL rally

April 3, 2012 at 4:48 PM

Mumbai, April 3 (IANS) A benchmark index for Indian equities markets climbed 119 points Tuesday, led by good buying support in oil and gas, banking and metal stocks.

Kingfisher Airlines scrip rises as strike called off

April 3, 2012 at 2:32 PM

New Delhi/Mumbai, April 3 (IANS) The shares of cash-strapped Kingfisher Airlines rose almost 10 percent Tuesday on reports of a thaw in negotiations between a group of employees and the management on the salary issue.

Bajaj Auto's March sales up nine percent

April 3, 2012 at 2:00 PM

New Delhi, April 3 (IANS) Two and three wheeler manufacturer Bajaj Auto Tuesday reported an increase of nine percent in its monthly sales for March at 335,515 units - up from 307,741 units sold in the like period of 2011.

Sensex rises 150 points; oil and gas, banking stocks rally

April 3, 2012 at 1:04 PM

Mumbai, April 3 (IANS) A benchmark index for Indian equities markets was trading 150 points higher in the afternoon session Tuesday, led by good buying support in oil and gas, banking and metal stocks.

Sensex closes 74 points higher

April 2, 2012 at 4:24 PM

Mumbai, April 2 (IANS) A benchmark index for Indian equities markets closed 74 points higher Monday, the first trading day of 2012-13, on the back of good buying support in real estate, power and banking stocks.

Mallya promises to pay employees

April 2, 2012 at 2:48 PM

New Delhi/Mumbai, April 2 (IANS) In a bid to avert unrest over delayed salaries, Kingfisher Airlines chairman Vijay Mallya has wtold his staff that their dues will be paid in a phased manner from Wednesday.

Sensex gains 100 points; DLF, NTPC rise

April 2, 2012 at 1:52 PM

Mumbai, April 2 (IANS) A benchmark index for Indian equities markets was trading with a gain of nearly 100 points in the afternoon session Monday on the back of good buying support in real estate and banking stocks.

P-notes holders will not be taxed: Mukherjee

March 30, 2012 at 2:34 PM

New Delhi, March 30 (IANS) Trying to soothe the nerves of overseas investors, Finance Minister Pranab Mukherjee Friday said holders of Participatory Notes (P-notes) derivatives through which foreign nationals invest in Indian securities will not be liable for tax.

'Clarify on withdrawal of case against Sheila Dikshit'

March 29, 2012 at 7:30 PM

New Delhi, March 29 (IANS) A Delhi court Thursday asked the locus standi -- the right to address the court on a matter before it -- of Delhi Police for moving an application seeking withdrawal of a case against Delhi Chief Minister Sheila Dikshit over an alleged election code violation in 2008.

Sensex languishes in afternoon trade

March 29, 2012 at 3:37 PM

Mumbai, March 29 (IANS) A benchmark index for Indian equities Thursday continued to rule in the red in afternoon trade, having started on a weak note. Negative cues from global bourses added to the lacklustre mood in the markets.

Sensex slips 136 points, consumer durables, banking stocks lose

March 28, 2012 at 5:28 PM

Mumbai, March 28 (IANS) A benchmark index for Indian equities Wednesday closed 136 points lower on widespread selling and weak global cues. Consumer durables, realty and banking and PSU stocks fared the worst.

Sensex in red in afternoon trade, consumer durables slip

March 28, 2012 at 1:44 PM

Mumbai, March 28 (IANS) A benchmark index for Indian equities was ruling in the negative in afternoon trade Wednesday amid range-bound volatility. Consumer durables, realty and banking stocks were fared the worst.

Linc Pen signs capital pact with Mitsubishi Pencil

March 27, 2012 at 9:52 PM

Kolkata, March 27 (IANS) The Rs.2.5 billion Linc Pen and Plastics Tuesday signed a capital pact with Mitsubishi Pencil Co. Limited to issue two million equity shares to the Japan-based company.

Sensex rises 204 points on short covering, tax clarity (Roundup)

March 27, 2012 at 4:56 PM

Mumbai, March 27 (IANS) A benchmark index for Indian equities markets Tuesday closed 204 points higher on short covering before the month's contract expiry and after reports that the government was not planning to tax all foreign investors except those who fail regulatory checks.

Sensex in see-saw trade, consumer durables, realty stocks up

March 27, 2012 at 12:40 PM

Mumbai, March 27 (IANS) A benchmark index for Indian equities markets was trading in the green around Tuesday noon amid positive Asian cues and volatility.

Sensex closes 323 points lower

March 26, 2012 at 4:08 PM

Mumbai, March 26 (IANS) Indian equities markets closed lower Monday with a benchmark index falling 323 points. Realty, banking and power stocks were among the worst losers.

Sensex in red, realty, banking under selling

March 26, 2012 at 1:12 PM

Mumbai, March 26 (IANS) Indian equities markets were trading in the red Monday noon with realty, banking and power stocks under selling pressure amid weak cues from other Asian bourses.

Fifth straight weekly loss for Sensex (Weekly Market Review)

March 24, 2012 at 3:04 PM

Mumbai, March 24 (IANS) Short covering and anxiety over the Reserve Bank of India's ability to ease interest rates next month weighed heavy on Indian equities markets as a benchmark index closed lower for the fifth consecutive week.

On Vodafone ruling, father-son Bhushans don't see eye to eye

March 23, 2012 at 8:02 PM

New Delhi, March 23 (IANS) On civil society issues, they are part of the same movement and platform. But on the Vodafone tax ruling, the Bhushans, Shanti and Prashant, don't seem to see eye to eye.

Apex court notice in Ghai land allocation case

March 23, 2012 at 8:01 PM

New Delhi, March 23 (IANS) The Supreme Court Friday issued notice to the Maharashtra government, film maker Subhash Ghai and PIL petitioner Rajendra Lakshman Sontakke on a plea by union minister Vilasrao Deshmukh challenging the adverse remarks passed against him by the Bombay High Court in a land allocation case.

Markets quiet in noon trade, FMCG, IT scrips gain

March 23, 2012 at 8:00 PM

Mumbai, March 23 (IANS) Indian equities markets were trading in a tight but volatile range Friday, with a benchmark index managing to creep up into the green after a brief slip. Healthy buying interest was seen in FMCG and IT scrips.

Piggy Chops named 'most glamorous diva'

March 22, 2012 at 8:44 PM

New Delhi, Mar 22 (ANI): Priyanka Chopra has beaten several top-notch Bollywood actresses to be crowned as the most glamorous diva by a television channel in Mumbai.

Priyanka Chopra becomes 'most glamorous diva'

March 22, 2012 at 5:25 PM

Priyanka Chopra has become the most glamorous diva by beating several highly popular Bollywood actresses in a contest organized by a TV channel in Mumbai.

Piggy Chops named 'most glamorous diva'

March 22, 2012 at 3:29 PM

New Delhi, Mar 22 (ANI): Priyanka Chopra has beaten several top-notch Bollywood actresses to be crowned as the most glamorous diva by a television channel in Mumbai.

Supreme Court dismisses government's review petition in Vodafone case

March 20, 2012 at 9:34 PM

New Delhi, Mar 20 (ANI): The Supreme Court on Tuesday dismissed the Central Government's review petition in the Vodafone tax case.

Supreme Court dismisses government's review petition in Vodafone case

March 20, 2012 at 7:57 PM

New Delhi, Mar 20 (ANI): The Supreme Court on Tuesday dismissed the Central Government's review petition in the Vodafone tax case.

Sachin Tendulkar biography

March 13, 2012 at 1:30 PM

Sachin Tendulkar biography. Many consider Sachin the greatest batsman of all time.

Swamy slams Home Ministry for relaxing rules to bring ammonium nitrate

March 12, 2012 at 9:22 PM

New Delhi, Mar 12 (ANI): Janata Party President Subramanian Swamy on Monday criticized the Union Home Ministry for relaxing the rules to pave the way for bringing ammonium nitrate into the country in non-bagged form.

Sachin Tendulkar's yearlong wait for century

March 12, 2012 at 1:44 PM

Sachin Tendulkar also called the Master Blaster and Bombay Bomber has not scored a century for a year. It is appears strange in the records of a cricketer who is well known for his successive centuries.

Veena Malik celebrates first Holi

March 9, 2012 at 9:25 PM

Lahore, Mar 9 (ANI): Veena Malik played Holi for the first time in India with the cast and crew of her film 'Daal Me Kuch Kaala Hai' at B R Studios in Juhu, Mumbai.

Veena Malik celebrates first Holi

March 9, 2012 at 4:47 PM

Lahore, Mar 9 (ANI): Veena Malik played Holi for the first time in India with the cast and crew of her film 'Daal Me Kuch Kaala Hai' at B R Studios in Juhu, Mumbai.

Mumbai Police conducts raid at Congress leader Kripashankar Singh's residence

March 2, 2012 at 10:06 PM

Mumbai, Mar 2 (ANI): The Economics Offences Wing of Mumbai Police is presently conducting raids at the premises of former Mumbai Congress chief Kripashankar Singh, who has been charged with amassing disproportionate assets worth crores of rupees to his known sources of income.

Mumbai Police conducts raid at Congress leader Kripashankar Singh's residence

March 2, 2012 at 12:00 PM

Mumbai, Mar 2 (ANI): The Economics Offences Wing of Mumbai Police is presently conducting raids at the premises of former Mumbai Congress chief Kripashankar Singh, who has been charged with amassing disproportionate assets worth crores of rupees to his known sources of income.

'Heroine' based on Manisha Koirala's life!

February 29, 2012 at 8:02 PM

New Delhi, Feb 290 (ANI): Ever since Madhur Bhandarkar announced his ambitious project, 'Heroine,' the film has been in the news for various reasons.

'Heroine' based on Manisha Koirala's life!

February 29, 2012 at 1:36 PM

New Delhi, Feb 290 (ANI): Ever since Madhur Bhandarkar announced his ambitious project, 'Heroine,' the film has been in the news for various reasons.

Bombay HC orders film director Ghai to return land

February 9, 2012 at 8:23 PM

Mumbai, Feb.9 (ANI): The Bombay High Court on Thursday ordered that land given to film director Subhash Ghai's Mukta Arts in 2006 be taken back.

Rupee six paise up against dollar

February 3, 2012 at 9:18 PM

New Delhi, Feb 3 (ANI): The rupee today, rose by six paise to trade at a three-month high of 49.09 rupees against dollar on the Interbank Foreign Exchange market early in the day.

Rupee six paise up against dollar

February 3, 2012 at 9:08 PM

New Delhi, Feb 3 (ANI): The rupee today, rose by six paise to trade at a three-month high of 49.09 rupees against dollar on the Interbank Foreign Exchange market early in the day.

England batsmen are 'worst' players of spin attack: Boycott

January 30, 2012 at 8:28 PM

Sydney, Jan 30(ANI): Legendary England batsman Geoffrey Boycott has described England's current batsmen as the 'worst' players of spin bowling and their performance in Abu Dhabi as 'shocking'.

England batsmen are 'worst' players of spin attack: Boycott

January 30, 2012 at 1:00 PM

Sydney, Jan 30(ANI): Legendary England batsman Geoffrey Boycott has described England's current batsmen as the 'worst' players of spin bowling and their performance in Abu Dhabi as 'shocking'.

Lleyton Hewitt wins new generation of admirers

January 25, 2012 at 4:10 PM

Melbourne, Jan 25 (ANI): Despite losing out to Novak Djokovic on Monday night, Lleyton Hewitt now has a new cohort of fans who certainly did not love him when he was at the peak of his career nearly a decade ago.

Delhi court hears argument on NIA charge sheet against Headley

January 21, 2012 at 9:27 PM

New Delhi, Jan 21 (ANI): A Delhi court today heard arguments on taking cognisance of charge sheet filed by National Investigation Agency (NIA) against Pakistani-American David Headley and eight others for planning and executing terror strikes in India, including the 26/11 attack.

Govt. to comment on Vodafone tax case after reading judgement, says Khurshid

January 20, 2012 at 8:59 PM

New Delhi, Jan 20 (ANI): With Vodafone winning a Rs. 11,000 crore tax case, nion Law and Justice Minister Salman Khurshid on Friday termed it a unanimous decision of the Supreme Court, and said the government would be able to comment on the verdict only after reading the judgement and analyzing it.

Govt. to comment on Vodafone tax case after reading judgement, says Khurshid

January 20, 2012 at 8:59 PM

New Delhi, Jan 20 (ANI): With Vodafone winning a Rs. 11,000 crore tax case, nion Law and Justice Minister Salman Khurshid on Friday termed it a unanimous decision of the Supreme Court, and said the government would be able to comment on the verdict only after reading the judgement and analyzing it.

Polaroid Introduces Android powered smart Camera - Polaroid SC1630

January 18, 2012 at 12:04 AM

Polaroid announced Android powered digital smart camera with the brand 'Polaroid SC1630'.

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