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| Rashtriya Ispat Nigam files IPO papers with SEBI |
 State-owned Rashtriya Ispat Nigam may be the first initial public offer (IPO) that would be launched by the government in financial year 2012-13. The company has filed draft red herring prospectus (DRHP) with SEBI for its IPO of 48.898 crore equity shares (a dilution of 10% stake by the government) on May 18. |
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| Speciality Restaurants IPO subscribed 2.5 times |
 Fine dining operator Speciality Restaurants' initial public offer has been subscribed 2.49 times so far on final day, as per data available on NSE website. Maximum bids for the issue were seen in the range of Rs 146-150 a share as against price band of Rs 146-155. |
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| Plastene India withdraws IPO due to poor response |
 Plastene India, a manufacturer of jumbo bags and BoPP woven sacks, has withdrawn its Rs 75-crore initial public offer on Tuesday due to poor response from investors. This is the third IPO in 2012 that failed to attract investors due to weak market conditions. |
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| Speciality Restaurants IPO opens for subscription |
 Speciality Restaurants, which runs popular food chains such as Mainland China, Oh! Calcutta and Sigree, launched its initial public offer of 117.4 lakh shares today. It plans to raise Rs 171.4 crore at lower end of price band of Rs 146-155 a share and Rs 181.96 crore at higher band. |
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| Avoid Plastene India due to volatile business: KM Global |
 KM Global Finserv has come out with its report on Plastene India Limited's IPO issue. According the the research firm, investors should avoid subscribing to this issue as the underlying business of the company is volatile and the stock has been valued above its listed peers. |
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| Lack of firm decisions in govt is real challenge:Piramal |
 Ajay Piramal, chairman, Piramal Group speaks to CNBC-TV18 on closing the USD 635-million deal to buy Decision Resources Group and
calls the lack of firm decision-making in government and bureaucracy to be the real challenge that India faces. |
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| AI to appoint real estate consultant |
 Air India is likely to appoint a real estate consultant very soon to prepare a roadmap for monetising its assets in India and abroad worth Rs 5,000 crore over the next decade, official sources said on Friday. |
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| Suzlon seeks more time for foreign bond repayment |
 Suzlon Energy is seeking up to 45 more days from bondholders to repay foreign currency bonds maturing in June while it works on raising as much as USD 300 million in loans, the wind turbine maker said on Friday |
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| Union Bank cuts home loan rates |
 State-run Union Bank of India today slashed interest on home loans to its base rate in select case. The new rates, which will be applicable to both existing borrowers on floating rates as well as new ones, will be able to avail of credit at the bank's base rate of 10.50%, the city-based lender said in a statement here. |
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| Reduce exposure to NBFCs giving gold loans: RBI to banks |
 In a bid to futher tighten regulations the Reserve Bank of India (RBI) on Friday asked banks to bring down credit exposure to a single non-banking finance company (NBFC),doing business of gold loans, from existing 10% to 7.5%. The regulator has given maximum six months to implement it.
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| BJP defends land bill recommendations |
 A day after a panel of MP's suggested changes to the proposed land law, the BJP's Sumitra Mahajan, who chairs the standing committeee on rural development, told CNBC-TV18 that the proposals were not regressive and instead balanced the needs of industry and farmers among others. |
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| RBI says to continue defending rupee |
 The Reserve Bank of India will continue to use a mix of intervention and administrative steps to protect the rupee, a deputy governor said, adding the RBI has adequate reserves to meet its obligations. |
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| Pranab's austerity: Officials' foreign trips curbed |
 Two days after announcing in Parliament that India will have to tighten its belt, Finance Minister Pranab Mukherjee has hinted at austerity measures that will be taken. Pranab said that there will soon be a ban on the purchase of new vehicles by the government departments.
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| CPI number reflecting rise in food inflation: Nomura |
 India's consumer price inflation accelerated in April to 10.36%. Sonal Varma of Nomura Financial Advisory Securities says, it is not a very surprising number. “The number is basically reflecting the increase in food inflation we have seen in this month,” she asserts. |
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| Half of forex exposures unhedged: RBI |
 Half of corporate India's forex exposure are unhedged, according to the RBI, The Financial Express reported. External commercial borrowing due for repayment this year is around USD 9 billion this year. |
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| Land-buy recos have derailed industry's debate: Seshasayee |
 NC Saxena, member, National Advisory Committee and R Seshasayee, executive vice-chairman, Ashok Leyland and former president, CII presented their views on CNBC-TV18 about the recommendations regarding land acquisition by the Standing Parliamentary Committee. |
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| Report on Land Bill tabled in Parliament |
 The Standing Committee on Land Acquisition has submitted its report in Parliament on Thursday. It endorses acquisitions made by governments only for social welfare projects and not for profit. |
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| Mahindra Satyam surges 8% on beating Q4 profit estimates |
 Mahindra Satyam, a part of Mahindra group, rose as much as 7.8% intraday to hit a high of Rs 72 on Friday as the company reported a better than expected growth of 73.38% quarter-on-quarter in its consolidated net profit of Rs 534 crore for the fourth quarter of FY12 due to one time gain. |
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| BEML falls 13% as Karnataka police freezes bank accounts |
 State-owned BEML, earthmoving and other heavy industrial equipment manufacturer for the mining and civil engineering industries fell as much as 13% on Friday to touch an intraday low of Rs 444.90 after the Karnataka police frozen company's bank accounts. |
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| Koutons mulls USD 200-mn preferential issue, stock up 13% |
 Shares of Koutons Retail gained as much as 15.4% to hit an intraday high of Rs 8.48% on Friday after the company said it has considered the preferential issue of equity shares to promoters and others by way of preferential allotment/private placement/QIP/ADR/GDR/FCCB issues or by any other means for a value upto USD 200 million yesterday. |
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| SBI gains 4% post strong performance in Q4 nos |
 State Bank of India (SBI) rallied as much as 4% intraday on Friday to touch a high of Rs 1,922.80 after excellent performance in quarterly numbers. The bank reported a higher than expected profit after tax of 4,050 crore for the fourth quarter of financial year 2011-12 due to improvement in asset quality. |
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| Block deal in Future Capital at Rs 129.58/share |
 Future Capital Holdings' 2.5 crore shares representing 38.6% of equity of the company have changed hands at an average price of Rs 129.58 per share. The promoters hold 56.3% stake in the company. |
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| AstraZeneca Pharma surges 27% in 2 days amid heavy volumes |
| AstraZeneca Pharma gained as much as 8% on Friday to touch an intraday high of Rs 1,998 amid heavy volumes. At 11:46 hours IST, the share was trading at Rs 1,960, up 5.99%. It rallied 27% since yesterday, but before that it had been tanked 20% since May 8th. |
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| SBI up 1% ahead of Q4 numbers |
 Shares of country's largest lender State Bank of India gained 1%, outperforming other bluechips amid falling markets. The reason was its results that schedule to be announced today. Analysts on average expect strong numbers during the quarter. |
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| 3i Infotech slips 6% on disappointing numbers in Q4 |
| 3i Infotech fell as much as 6.25% intraday to touch a low of Rs 11.85 on the BSE due to disappointing results in the fourth quarter of FY12. The company's losses widened to Rs 293.8 crore during the quarter from loss of Rs 137.5 crore in December quarter. |
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| Sensex ends trade in green backed by good SBI Q4 results |
| In a positive close for the week, the benchmark indices ended day in green today near the day's high. The Bombay Stock Exchange's Sensex ended at 16,152.75, up 82.27 points or 0.51%, from the previous close. The National Stock Exchange's Nifty shut at 4,891.45, up 21.25 points or 0.44%. |
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| Why is India Inc unwilling to hedge? |
| Apart from equities, risk aversion is evident in the global currency markets as well. In addition to concerns over weakening euro, back home it is a tough time for India Inc as the rupee has also hit a new record low.
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| Bharti Airtel cuts 3G data plan rates by 70% |
| In order to boost usage of third generation (3G) mobile services in the country, Bharti Airtel on Thursday, cut its 3G data plan rates by up to 70%. This is the first price cut ever by an operator in three years.
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| Fifty IPOs called off since January 2011 |
| According to market statistics, 2012 has already seen call-off of 17 IPOs. Also, around 50 IPOs did not make it to the market since January last year. All the 50 IPOs were expected to raise a total of around Rs 40,326 crore. |
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| World Gold Council: Gold demand in India to pick up around Diwali |
| As the World Gold Council (WGC) released its figures on gold demand across the globe, India was in for a shock. The figures suggested that India's gold jewellery market has suffered a 19% drop in demand in the first quarter of the year. Pressured by a weak and volatile rupee among other factors, India's Q1 gold consumer demand has slid to 29%, WGC added. |
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| Coal India Q4 PAT estimated down 6%, YoY |
| Coal India will declare its fourth quarter results today. According to Bloomberg UTV research, the world's largest coal producer's Q4 consolidated net sales is seen at Rs 17729.4 cr vs Rs 14970.7 cr, up 18.4%, year-on-year. |
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| Tata Steel Q4 cons PAT seen down 19%, YoY |
| Tata Steel will declare its fourth quarter earnings today. According to Bloomberg UTV, the company's Q4 consolidated net sales are expected to remain down by 1% at Rs 33,483 crore versus Rs 33,822.7 crore (YoY)
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| SBI Q4 PAT seen up by Rs 20.9cr |
| State Bank of India will declare its fourth quarter earnings today. According to Bloomberg UTV, the company's Q4 NII is expected to remain up by 47%. |
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| Sensex, Nifty end in green; ITC gains over 3% |
| It was a happy day for Dalal Street today. Irrespective of constant selling pressure over the Indian currency, the benchmark indices today traded in green for most part of the day and ended on a positive note.
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| India's gold craze drops by 29% in Q1 |
| The World Gold Council (WGC) has said that India's gold jewellery market has suffered a 19% drop in demand in the first quarter of the year. And pressured by a weak and volatile rupee among other factors, India's Q1 gold consumer demand has slid to 29%. |
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| Growing number of Hollywood releases in India a threat to Bollywood? |
| Big budgets, state-of-the-art technologies and wide reach, that's what Hollywood studios bank on to get revenues at the box office. Not just in the United States of America but across the world. And their discerning eye seems to have caught on to the fancy of the Indian audience for spectacular and visually delightful movies, creating a rush among distributors to release their films in India. |
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| Rupee's loss is which sectors' gain? |
| The Indian rupee is battling global pressures, but the country's growth and inflation are not supporting the currency either. Putting immense stress on the rupee, India's short term debt has risen to around 23%, while the current account deficit (CAD) stands at about 4%. |
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| Cipla's big push to stay ahead of competition |
| Cipla has rolled out an aggressive strategy to elbow out new competitors like Lupin and Glenmark in the anti asthma segment. Bloomberg UTV learns the company is offering incentives over and above margins to garner more shelf space. |
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| Sensex, Nifty fall almost 2% as rupee falls to record low |
| After having a range-bound session, bourses closed in red today. The Bombay Stock Exchange's Sensex ended at 16,030.09, down 298.16 points or 1.83%, from the previous close. The National Stock Exchange's Nifty shut at 4,858.25, down 84.55 points or 1.71%.
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| Why is India Inc unwilling to hedge? |
| Apart from equities, risk aversion is evident in the global currency markets as well. In addition to concerns over weakening euro, back home it is a tough time for India Inc as the rupee has also hit a new record low.
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| Bharti Airtel cuts 3G data plan rates by 70% |
| In order to boost usage of third generation (3G) mobile services in the country, Bharti Airtel on Thursday, cut its 3G data plan rates by up to 70%. This is the first price cut ever by an operator in three years.
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| Coal India Q4 PAT estimated down 6%, YoY |
| Coal India will declare its fourth quarter results today. According to Bloomberg UTV research, the world's largest coal producer's Q4 consolidated net sales is seen at Rs 17729.4 cr vs Rs 14970.7 cr, up 18.4%, year-on-year. |
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| Cipla's big push to stay ahead of competition |
| Cipla has rolled out an aggressive strategy to elbow out new competitors like Lupin and Glenmark in the anti asthma segment. Bloomberg UTV learns the company is offering incentives over and above margins to garner more shelf space. |
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| Air India ordeal still on, but crisis started years back! |
| Air India pilots' strike enters ninth day and yet there is no breakthrough. Following the unremitting strike, the airlines on Wednesday cancelled 15 more international flights from Mumbai and Delhi . Air India has further extended suspension of US and Europe flight bookings till May 20 from May 17. |
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| 'Ishaqzaade' preferred over 'Dangerous Ishhq' at box-office |
| Two Kapoors, two love stories, but only one strikes a chord with the audiences. On Friday, May 11 2012, Bollywood saw two releases - 'Ishaqzaade' and 'Dangerous Ishhq'. While the former comes with a fresh romantic pair of Arjun Kapoor and Parineeti Chopra, the latter sees the comeback of Karisma Kapoor in three avatars.
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| Rupee hovers around all-time low of 54.3 per dollar |
| The Indian rupee extended it previous sessions' losses and started off on an even lower note today. After closing on a the year's low of 53.9 per dollar yesterday, the local currency today breached the 54 mark and came close its all-time low of 54.3 per dollar.
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| India gold imports down 33% in April |
| Gold price continues to move downhill on back of global cues. The bullion dropped to the lowest price this year as euro weakened to a four-month low against the US dollar on concerns over worsening debt crisis in Greece.
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| 'Rowdy Rathore' Akshay Kumar back with a bang! |
| Good times seem to be back for Bollywood's own 'Khiladi'. After his recent hit -'Housefull 2', Akshay Kumar has reportedly hit a jackpot of Rs 50 crore as a five-year endorsement deal for a bike model. |
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| Brand makeover- What makes it successful? |
| In a world where brand names are aplenty and consumers are bombarded with brand messages from every possible touch-point, it is becoming difficult to hold on to consumer loyalty. But what happens when a brand with changing times tries to re-invent itself, changes its logo or changes the brand name altogether? |
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| Nokia's new game plan to regain market share |
| 'A difficult transition is expected to be complete by the end of the year,' said the Finnish mobile phone maker Nokia. The company is attempting to rebuild confidence through innovative offerings based on cutting edge technology and design. The company plans to launch mobile phones based on differentiation in terms of applications and overall experience. |
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| Where is the rupee headed? |
| GAAR has been deferred by a year. Oil prices too have cooled considerably, but that's not stopped the rupee's fall.
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| Reliance Infra betting big on its existing road projects |
| With other projects in doldrums, Reliance Infra is trying to make the most of road business. Bloomberg UTV learns that the company is all setrelia to operationalize three major road projects in this quarter itself that may fetch up to Rs 400 crore. |
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| Historic Facebook debut falls flat |
SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close. |
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| World leaders back Greece, vow to combat financial turmoil |
CAMP DAVID, Maryland (Reuters) - World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe's debt crisis. |
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| Nightmare foretold if Greece heads for euro exit |
ATHENS/LONDON (Reuters) - In Athens, the homeless are on the streets in growing numbers, soup kitchens feed twice as many people as a year ago, and the poor are diving into garbage bins in search of scrap they can sell. |
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| JPMorgan to be haunted by change in risk model |
REUTERS - JPMorgan Chase & Co's decision to radically change the way risk was measured in its Chief Investment Office is likely to dog the bank in the developing crisis over the big trading losses it has suffered. |
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| In India, muddled leadership leaves economy adrift |
NEW DELHI (Reuters) - "Dear God," wrote economist Rajeev Malik as he called on the Almighty to help India's "rudderless" government in a biting critique that underscored a growing frustration at home and abroad with the stewardship of Asia's third-largest economy. |
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| Obama pledges tough enforcement of Wall Street reforms |
WASHINGTON (Reuters) - President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. |
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| Statement by G8 leaders on the global economy |
REUTERS - Following is the text of a statement on the global economy from the Group of Eight leaders gathered at the presidential retreat in Camp David, Maryland. The text was issued by the White House. |
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| Statement by G8 leaders on global oil markets |
REUTERS - Following is the text of a statement on global oil markets from the Group of Eight leaders gathered at the presidential retreat in Camp David, Maryland. The text was issued by the White House. |
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| Greek exit could cost euro zone billions of euros |
FRANKFURT (Reuters) - A Greek exit from the euro zone could expose the European Central Bank and the currency bloc it seeks to protect to hundreds of billions of euros in losses, landing Germany and its partners with a crippling bill. |
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| McConnell sets terms for debt ceiling vote |
| WASHINGTON - Setting the terms for increasing the government's borrowing capacity, the Senate's top Republican on Thursday called for cuts in the day-to-day budgets of government agencies as well as in long-term spending programs such as Medicare and Medi |
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| Props aplenty in Senate show on big oil tax breaks |
| WASHINGTON - The hearing was for verbally flogging oil company CEOs, and no senator bothered to pretend it was about making gasoline prices more affordable or helping the economy recover. Utah Sen. Orrin Hatch set the tone Thursday when he opened with a p |
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| U.S. intensifies drone aircraft attacks in Pakistan |
| ISLAMABAD/WASHINGTON (Reuters) - A U.S. drone aircraft fired missiles at militants in Pakistan on Thursday, killing eight of them, Pakistani officials said, as American officials vowed to press forward with such attacks after U.S. forces killed Osama bin |
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| IMF warns EU debt crisis may still spread to core |
| FRANKFURT/ATHENS (Reuters) - Despite bailouts for Greece, Ireland and Portugal, Europe's debt crisis may yet spread to core euro zone countries and emerging Eastern Europe, the International Monetary Fund said on Thursday. |
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| Obama urges companies to hire, studies housing moves |
| WASHINGTON (Reuters) - President Barack Obama urged businesses to "step up" and hire workers, pressing banks and other corporations to do more to help an economy that he said would take "several years" to recover fully |
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| Special report: The bin Laden kill plan |
| WASHINGTON (Reuters) - A pivotal moment in the long, tortuous quest to find Osama bin Laden came years before U.S. spy agencies discovered his hermetic compound in Abbottabad, Pakistan |
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KRChoksey has come out with its report on Speciality Restaurants' IPO issue. The research firm recommends to avoid the issue.
Aditya Birla Money has come out with its report on Speciality Restaurants (SRL)'s IPO issue. The research firm recommends only long term investors to subscribe to the issue.
KM Global Finserv has come out with its report on Speciality Restaurants' IPO issue. The research firm recommends investors to avoid subscribing to the issue of the company as the issue price is too high.
The managing director of Specialty Restaurants Anjan Chatterjee tells CNBC-TV18 that they expect their IPO to suceed despite the poor market conditions.
Speciality Restaurants has agreed to sell shares worth Rs 26.41 crore to five anchor investors, it said in a regulatory filing on Tuesday, ahead of its USD 34 million initial public offering.
Mumbai-based Monarch Health Services Ltd (MHSL) proposes to offer public 15 lakh equity shares of Rs 10 each at a fixed price of Rs 40 a piece aggregating to Rs 6 crore.
As the strike by Air India pilots entered the 12th day, Government today promised to sort out problems of pilots within three months and appealed to them to join work. 
Union Civil Aviation Minister Ajit Singh today said strike by Air India pilots is illegal and they should come back to work in larger interest of the passengers. 
Non-ferrous metals producer Hindalco Industries plans to start its 1.5 million tonnes per annum (mtpa) alumina refinery in Orissa by January 2013, a senior company executive said on Saturday.
Adopting a 'carrot and stick' approach towards the 11-day Air India pilots' stir, government on Friday indicated it could take back all those sacked, barring the Indian Pilots Guild (IPG) office-bearers
Air India (AI) has lost its marketshare in April, helping the low-cost airline SpiceJet to become the third largest airline in the month with a market share of 17.7%
Oil marketing companies (OMCs) incur losses due to depreciation of rupee against dollar, minister of state for finance Namo Narain Meena said in a written reply in the Lok Sabha
Diversified Aditya Birla Group will buy a 27.5% stake in unlisted media group Living Media India Ltd, which publishes the popular India Today magazine, for an undisclosed sum.
Nearly 300 investors and industrialists from the districts of Ernakulam, Alappuzha and Thrissur districts attended at an investors meet on Friday.
Wind turbine maker Suzlon Energy on Friday said it is in advanced stages to raise up to USD 300 million from new facilities to meet its FCCB (foreign currency convertible bonds) obligations in June.
Pharma major, Dr Reddy's Laboratories announced today that it has launched Clopidogrel tablets, USP, a bioequivalent generic version of Plavix in the US market.
Commerce Minister Anand Sharma today told reporters that he opposes the exclusion of industry from the purview of ‘public purpose’ under the Land Acquisition Bill.
An inter-ministerial panel headed by Agriculture Minister Sharad Pawar, set up to frame drug pricing policy, will meet again after the ongoing session of Parliament in order to study views from various stakeholders.
Voicing concern over the growing import bill of electronic products, Atomic Energy Commission (AEC) member Anil Kakodkar on Friday said such massive import is not good from the strategic point of view
Dr Shankar Acharya of ICRIER says he wouldn't lay much emphasis on the recent WPI inflation numbers. Government data shows India's consumer price inflation rose in April to 10.36%.
India's consumer price inflation accelerated in April to 10.36%, making life harder for the RBI as it looks to kickstart a flagging economy.
There has been hectic industry lobbying against the TRAI 2G auction recommendations and the ball is now in the government's court.
Fighting an ever expanding trade deficit accentuated by a weakening rupee, commerce minister Anand Sharma assured today that the government was serious about bringing growth back to kick-start the economy. 
Foreign direct investment and portfolio flows into India remain strong, finance ministry officials told global ratings agency Fitch on Thursday, while making a pitch for a ratings upgrade.
On May 17, 2012 Fidelity Investment Trust Fidelity Emerging Markets Fund has sold 87,041 shares of VST Industries at Rs 1,814.15 on the NSE.
On May 17, 2012 Julius Baer Multistock Global Emerging Markets Stock Fund has sold 424,775 shares of Supreme Tex Mart at Rs 1.57 on the BSE.
On May 17, 2012 RPG Cellular Investments Holdings Pvt Ltd has sold 225,000 shares of FGP at Rs 2.64 on the BSE. However, Universal Industrial Fund Limited has bought 225,000 shares at Rs 2.64 on the BSE.
Shares in oil companies gain on media reports that petrol and diesel prices will rise soon after Parliament's budget session ends on May 22.
Shares of Tata Motors, country's largest commercial vehicle maker fell as much as 7.5% to touch an intraday low of 268.55 on the BSE as the company's global vehicle sales growth in April was flat from a year earlier.
Shares of India Infoline shot up more than 11% on Tuesday after excellent performance reported by the company in fourth quarter earnings. 
Fertilisers stocks shot up quite sharply after CNBC-Awaaz reported that Fertiliser Ministry has approved hike of 10% in urea prices on Tuesday.