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BHEL gains as foreign brokerage upgrades stock
Posted on 25th November 2014
Shares of BHEL were up nearly 2% at Rs 262 after a foreign brokerage upgraded the stock to "buy"from "sell"earlier.

The upgrade is on the back of good orders, earnings, under performance and under ownership by institutional investors, Citigroup said. The brokerage said that the state-owned engineering major is now its top industrial pick and has also raised the target price to Rs 335.

Tata loses some ground on domestic front as it focuses abroad
Posted on 25th November 2014
Tata Power will soon become a distant number two in private sector power production with Adani Power acquiring the 600 MW Korba West unit from Gautam Thapar-led Avantha Group. The billionaire Gautam Adani-promoted company is set to become the largest private sector power producer with installed capacity of 11,040 MW.

Currently, Adani Power has operational capacity of 8580 MW against Tata Power’s 8,613 MW. But it is soon going to announce the commissioning of the fifth unit of 660 MW at Tiroda in Maharashtra. Besides, the completion of the acquisition of 1,200 MW Udupi plant from Lanco Infratech and 600 MW Korba West unit will take its total capacity to 11,040 MW.

Banking shares dip on profit booking
Posted on 25th November 2014
Shares of most of the frontline banks are trading lower between 1-4% on profit booking after rallying 20% in past one and half months.

Canara Bank, Bank of India, Federal Bank, Yes Bank, Punjab National Bank, Kotak Mahindra Bank, ICICI Bank and Bank of Baroda are down between 2-4%, while State Bank of India (SBI), IndusInd Bank and Axis Bank are down 1% each on the National Stock Exchange (NSE).

Coal Scam: Why former PM Manmohan Singh was not examined, Special Court asks CBI
Posted on 25th November 2014
The CBI was on Tuesday asked by a Special Court as to whether it has examined former Prime Minister Manmohan Singh, who was then holding coal portfolio, during its probe in the coal blocks allocation scam case involving top industrialist KM Birla, former coal secretary PC Parakh and others.

Special CBI Judge Bharat Parashar asked the agency,"Don't you think examination of the then coal minister was necessary in the matter? Don't you feel the need to examine him? Don't you think his statement was necessary to present a clear picture?"

Every second stock has doubled in past 15 months
Posted on 25th November 2014
According to an analysis by Business Standard, about half (428) the 836 stocks in the BSE 500, BSE small-cap and BSE mid-cap indices have doubled in the past 15 months. During this period, the benchmark indices — the BSE Sensex and the National Stock Exchange Nifty — have gained about 60 per cent.

Experts said investor sentiment and valuations had hit rock-bottom last year due to weak domestic macro fundamentals. A subsequent improvement in investor sentiment and return of risk appetite had aided the market across the board.

Markets may open flat; Bharti Airtel, HDFC Bank in focus
Posted on 25th November 2014
Benchmark indices may open on a flat note tracking the mixed trends in their Asian peers. However, markets are likely to rebound later in the session and edge higher on firm global cues.

At 8:20AM, the early indicator SGX Nifty was up 5 points at 8,540.

Airbag costs will put off new car buyers: Tata Motors
Posted on 25th November 2014
With the new government remaining steadfast on overhauling safety regulations followed by car manufacturers, companies fear that the 10-15% upward revision in prices will adversely impact sales.

They say that a price increase upwards of Rs 35,000 per vehicle for an airbag fitment will lead to shrinking affordability levels among buyers, adversely impacting sales.

Hyundai, Kia Motors lift 2014 global sales target
Posted on 24th November 2014
Hyundai Motor and Kia Motors on Monday raised their target for 2014 global sales to at least 8 million vehicles, anticipating record-high China sales to offset slowing growth in the United States and Europe.

The South Korean automakers, which together rank fifth in global vehicles sales, said in a statement the new sales target would represent an almost 6% increase from last year.

ICICI Bank joins Rs 2 lakh crore m-cap club
Posted on 24th November 2014
Banking stocks continue to rally on the bourses, with the market value of the ICICI Bank, crossing the Rs two lakh crore mark. The private sector lender has become the third bank and ninth company in current list of companies having m-cap of over Rs 200,000 crore.

ICICI Bank scrip up 1.9% to Rs 1,766 on BSE, taking its market value to Rs 2,04,395 crore at 1121 hours, the BSE data shows. The bank is at the ninth positions in overall market capitalization (m-cap) ranking.

Casting Sreesanth was an instinctive decision: Pooja Bhatt
Posted on 24th November 2014
Former cricketer Sreesanth is set to make his Bollywood debut in Pooja Bhatt’s next production venture and the filmmaker says the decision to cast him was quick and instinctive.

In the film, which has been titled Cabaret, the former India pacer will be seen donning the role of a Malayali mentor to the movie’s leading lady Richa Chadda’s character, who is a dancer.

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