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TTKPrestige: Still At All Time Highs

A kitchen appliance company, TTK Prestige seems to be really strong. Despite the broader market having come down 20% or more, this stock is pushing to new ...

Saudi Takes Up Libyan Shortfall, RIL benefits

A fallout of the Libyan Crisis is that Saudi Arabia is taking up the slack. Except, it can’t easily replace Libyan Crude. “Libya is a producer of ...

HDFC Bk and ICICI Raise Rates, CDs quoting at 10%+

HDFC Bank and ICICI Bank have both hiked up lending rates by about 50 bps, says ET. This takes ICICI’s base rate to 8.25% and HDFC Bank’s base rate ...

BP and Reliance = $7.2 billion

BP will pay $7.2 billion to Reliance Industries to take 30% stake in 23 oil and gas blocks, and another $1.8 bn based on performance. This is the second BP ...

Gutkha Ban Reaffirmed by Supreme Court

The Supreme Court has reaffirmed the March 1 deadline banning packaging of all tobacco products in plastic sachets. This hurts UFLEX, JINDALPOLY and POLYPLEX. ...

Money Matters: Trades for Less Than Cash?

A number of mails in a few newsgroups I’ve subscribed to go like this: QIP of 71.7 lakh shares made at Rs 625 per share in October 2010- Rs 448 crore Add ...

SBI Will Sell Bonds at 9.95%

State Bank of India has a new bond issue out (Shelf Prospectus). Size: Upto 10,000 crores from retail, but official issue size is 2,000 crores. Listed: Yes, on ...

The RELIANCE-SEBI Tussle

In 2007, RELIANCE (RIL) sold shares it owned in Reliance Petroleum Limited (RPL) for 223 rupees. The share eventually fell back to 70 in late 2008, and ...

Pantaloon Retail Below May 2009 levels

Pantaloon Retail – the owner of Big Bazaar – has been losing steam tremendously, and is down over 6% today to 253, the lowest it has been since, ...

ICICIBANK: Lower Highs, Weak Technicals

ICICIBank, despite declaring fairly good results, has gotten hammered recently: (Click for a larger picture) Their consolidated EPS went up 71% in the Dec 2010 ...