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Religare Technologies is now HealthFore Technologies
Thu, 20 Jun 2013
Religare Technologies is now HealthFore Technologies HealthFore Technologies is the new name for Religare Technologies Ltd. The change of name is required to align the name and the branding with the HealthCare IT segment, which is amongst the fastest growing segments in IT/ITES and has been recognised by NASSCOM and other bodies for its enormous opportunities.


Essar Steel raises $1 bn via external commercial borrowing
Thu, 20 Jun 2013
Essar Steel raises $1 bn via external commercial borrowing Essar Steel India has successfully completed the expansion of steel manufacturing capacity from 4.6 MTPA to 10 MTPA. It is the 4th largest single location flat steel producer and a highly cost competitive in the bottom quartile of the global steel producers on the global cost curve.


ZTE wins Best Optical Product - 100G Award
Thu, 20 Jun 2013
ZTE wins Best Optical Product - 100G Award ZTE Corporation, a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices has received the award for 'Best Optical Product â?? 100G' at the 15th Annual WDM Next Generation Optical Networking Forum, held in Monaco.


No plan to trim saving deposit rate from 6%: Kotak Bank
Thu, 20 Jun 2013
No plan to trim saving deposit rate from 6%: Kotak Bank the bank has more than doubled its savings account base over the last 18 months, ever since the Reserve Bank deregulated interest rates on the product helping it tap into the market with an aggressive offering.


Essar Steel raises USD 1 bn overseas to lower rupee debt
Thu, 20 Jun 2013
Essar Steel raises USD 1 bn overseas to lower rupee debt As a result of the dollarising its rupee debt, Essar Steel will also save approximately Rs 450 crore per annum in interest, the steel maker said in a statement.


Rolman Group's KSA venture taps into $40m bearings market
Thu, 20 Jun 2013
Rolman Group's KSA venture taps into $40m bearings market The United Arab Emirates-based Rolman Group, reveals that its venture into the Kingdom of Saudi Arabia tapped into an expansive bearings market, which amounts to approximately USD 40-50 million; the company's operations in the country have taken off since its inauguration just a few years ago.


Among group cos, LT Fin may apply for bank license: CMD
Thu, 20 Jun 2013
YM Deosthalee Among group companies, LT Finance Holdings is most likely to apply for banking license, CMD YM Deosthalee clarifies.


Supernet signs contract with SES for GSM Backhaul
Thu, 20 Jun 2013
Supernet signs contract with SES for GSM Backhaul SES announced at CommunicAsia2013 a multi-year multi-million dollar contract renewal with Supernet, Pakistan's leading satellite network service provider
Feed Source: Moneycontrol.com
Market Feeds

Time to nibble; bet on IT, auto, FMCG, pharma: Edelweiss
Thu, 20 Jun 2013
Nischal Maheshwari He recommends putting money into FMCG, IT, pharma and auto stocks. "Another 50bps rate cut is likely by year- end, with fall in interest rates consumption theme should be back," he told CNBC-TV18 in an interview.


Rupee trend reversal dodgy; EM currencies in a pickle: CLSA
Thu, 20 Jun 2013
Rajeev Malik The rupee is likely to continue to adjust to lower level. The market is obsessed about current account deficit, while the balance of payment (BoP) is also a concern, says Rajeev Malik of CLSA.


See Nifty rangebound; investors shying away: Baliga
Thu, 20 Jun 2013
Ambareesh Baliga Ambareesh Baliga, Managing Partner-Global Wealth Management, Edelweiss Financial Services expects Nifty to be range bound between 5600-5650 on downside and the upside capped at 5950.


Stay long in choppy mkt; bet on Idea, MM Fin: Experts
Wed, 19 Jun 2013
Stay long in choppy mkt; bet on Idea, MM Fin: Experts Market experts advise investors to take a long position, if essential, in a choppy market and suggest bets on Idea and MM Financial.


Buy quality NBFCs with a shot at setting up a bank: Motilal
Wed, 19 Jun 2013
Gautam Sinha Roy Gautam Sinha Roy of Motilal Oswal Securities recommends investors to build a portfolio of quality NBFCs which have a fair shot of winning the new banking license.


Do not see outflows from bonds to last long: Barclays
Wed, 19 Jun 2013
Rohit Arora Inflation continues to remain soft at least for the next six-nine months with a probable bottoming out in September. We are expecting another 75 basis points of cut in the repo rate in the next six months, says Rohit Arora, emerging markets research, Barclays.


Weak rupee to benefit export oriented IT cos: Dipan Mehta
Wed, 19 Jun 2013
Dipan Mehta India's consumer oreinted sectors should be on investors radar, says Dipan Mehta in an interview to CNBC-TV18.


Rupee paying for govt mess; don't like gold NBFCs: HDFC Sec
Wed, 19 Jun 2013
Dipen Sheth For market players, Dipen Sheth's (of HDFC Securities) advise is to stick to rupee sensitive sectors. After recent regulatory changes, the telecom sector may see a good run but Sheth questions the government's need to intervene in tariff matters.
Feed Source: Moneycontrol.com
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