Investing News - Page 4

Hero surges 5% after Q4 earnings beat estimates

Shares in Hero MotCorp , India's largest motorcycle manufacturer, gain as much as 4.8 percent in early morning trade after the company's January-March profit beat street estimates for the first quarter in six.

Demand for Indian bonds likely to pick up: Barclays

On 26 April, the government securities (G-Sec) rose on good buying support from banks and corporates.

Sebi to raise headcount, focus on staff training

Sebi itself has proposed that powers should be given to it for overall regulation and oversight of all kinds of money-pooling activities.

Axis up 4% on strong Q4 earnings

Axis Bank shares rise 3.7 percent after the bank posts better-than-expected March quarter results. Results, which came on Wednesday, showed net profit was at Rs 1555 crore versus estimates of Rs 1277 crore.

Sebi directs firms to redress investor complaints in 30 days

The details of investor grievances relating to companies are available at the webpage of SCORES.

IDFC Mutual Fund collects over Rs 240 cr through equity NFO

According to industry estimates, there over 25 close-ended schemes that focus on equity assets.

FinMin sub-committee to discuss inflation-linked bonds tomorrow

The sub-committee of the Financial Stability and Development Council (FSDC) is likely to discuss the modalities of inflation indexed bonds at its meeting tomorrow in Mumbai.

Maruti shares rise, weaker yen seen boosting margins

There are hopes that a weaker yen currency would improve margins by reducing the costs of importing auto parts from Japan after the Bank of Japan unleashed unprecedented monetary expansion.

MFs offload shares worth over Rs 21,000 cr in 2012-13

The net outflow in February was, however, the lowest in eight months following a huge outflow of Rs 5,212 crore in January 2013, according to Sebi.

Rivals Cipla, Natco gain on Novartis drug patent rejection

Shares in Natco Pharma and Cipla gain after the Supreme Court dismissed Swiss drugmaker Novartis AG's petition seeking patent for its cancer drug Glivec.

Jet, SpiceJet shares fall on AirAsia entry concerns

Shares in Jet Airways India fell nearly 3 percent and SpiceJet shares dropped 3.4 percent after India's Foreign Investment Promotion Board (FIPB) approves AirAsia's proposal to set up a joint venture in India

Tech Mahindra falls 2% after merger with Satyam delayed

Shares in Tech Mahindra fell 1.9 percent, while Satyam Computer Services dropped 1.6 percent, a day after the companies said a long-planned merger between the two had been delayed by an additional six months up to September 30.

JP Morgan upgrades Coal India on likely coal price hike

JP Morgan upgraded Coal India to "neutral" from "underweight", saying the drop in the share price this year is making the risk reward "relatively more attractive."

Tata Motors falls 6% on China's new fuel norm worries

Shares in Tata Motors fell as much as 5.6 percent on worries that China's new stringent fuel economy standard would adversely impact the Indian auto maker's Jaguar Land Rover(JLR) unit.

Morgan Stanley upgrades Titan to 'equal-weight'

Morgan Stanley upgraded Titan Industries to "equal-weight" from "underweight", citing under-performing shares, which the bank attributed to concerns about potential government intervention to curb gold imports

IDBI sells $500 mn bonds, to pay 3.75% coupon

The money was raised by IDBI's Dubai International Financial Centre branch on Tuesday.

Videocon's D2H arm gets Sebi nod for Rs 700 cr IPO

The proposed IPO would comprise at least 25 percent of equity capital, giving a valuation of Rs 2,800 crore to Bharat Business Channel.

HDIL shares fall 14% after Care cut debt ratings

Shares in Housing Development and Infrastructure Ltd (HDIL) fell more than 14 percent after local credit agency Credit Analysis and Research Ltd (CARE) downgraded the real estate developer's debt, citing "delays in servicing" obligations.

Manappuram Fin tanks over 14% on low profit concerns

Shares of Manappuram Finance today slumped over 14 percent in morning trade, after the company said its profit may reduce in the fourth quarter ending March 31, 2013.

Citi downgrades Sun TV; stock falls 1%

Shares in India's Sun TV Network fell 1.1 percent after Citigroup downgraded the stock to "neutral" from "buy", citing its stronger performance compared with peers recently.

L&T marginally up on infra unit stake sale news

Shares in Larsen & Toubro was up marginally, outperforming falls in the Nifty, after The Economic Times reported that its infrastructure unit is looking to raise Rs 2500 crore by selling up to a 20 percent stake to investors.

Sebi allows debenture trustees to seek credit rating details

As per the new guidelines, DTs can ask CRAs about rating assigned and revised for debt securities along with the rationale for the same.<br /><br />

Deutsche raises target price of Jubilant Foodworks; stock up 3%

Deutsche Bank raised its target price on Jubilant FoodWorks to Rs 1,300 from Rs 1,260, saying it continues to "believe in the long term story and strong runway to growth."

PFRDA allows subscribers lump sum withdrawal on exit

Stakeholders informed PFRDA that subscribers be given a specific option to defer or time the entire lump sum withdrawal (maximum 60 percent) at the time of exit.

JSW Steel to raise $600 mn from overseas mkts next qtr

JSW Steel is planning to raise $600 million through overseas borrowings during the April-June quarter to refinance part of its rupee loan.

Credit Suisse downgrades Tata Power; shares fall

Credit Suisse downgraded Tata Power to "underperform" from "neutral" and cut its target price to Rs 83 from Rs 104 .

BofA Merrill downgrades Mahindra, Bajaj Auto to 'underperform'

Bank of America Merrill Lynch downgraded automakers Mahindra and Mahindra and Bajaj Auto to "underperform" from "buy" each, citing share gains since mid-2012 and valuations it considered "not compelling."

Old age pension may soon be linked with inflation index

Old age pension is likely to be linked with inflation index on the pattern of MNREGA besides being made universal by doing away with APL and BPL criteria, the government today informed Rajya Sabha

Kotak upgrades Hero Motocorp on higher earnings growth

Kotak Institutional Equities upgraded Hero MotoCorp to "add" from "sell", and maintained its "reduce" rating on Bajaj Auto.

Goldman Sachs upgrades L&T; stock up 2%

Shares in Larsen & Toubro gained more than 2 percent after Goldman Sachs upgraded the stock to "buy" from "neutral".