Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Sensex up over 45 points in early trade

Jan 24 2013, 09:56 IST
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Sensex moved up by 45.67 points, or 0.22 per cent, to trade at 20,072.28 points in early trade.  (Reuters) Sensex moved up by 45.67 points, or 0.22 per cent, to trade at 20,072.28 points in early trade. (Reuters)
SummarySensex moved up by 45.67 points, or 0.22 per cent, to trade at 20,072.28 points in early trade.

development said.

Jaiprakash Associates Ltd has deferred a planned sale of shares in its unit Jaypee Infratech after share prices of the subsidiary fell 8.5 percent on Wednesday, the parent company said in a stock filing.

New Millennium Iron Corp, a Canadian iron ore exploration and mining company 26.5 percent owned by Tata Steel Ltd opened a 2.8 percent share buyback plan on Wednesday, according to a filing to Toronto Stock Exchange.

Rallis India Ltd's October-December net profit rose more than two-fold to 220.3 million rupees from 76.6 million rupees a year ago.


Reliance Communications Ltd reported a decline in profit for the second straight quarter as its finance costs jumped.

Vodafone's India unit said it was inclined to follow price moves by competitors but has not decided on precise steps.


Longchamp is planning to enter India this year and is scouting for a local retail partner to set up its operations, a person familiar with the development


Tech Mahindra Ltd will increase local hiring in the United States and Europe as it seeks to become a more international partner to its customers, Chief Executive C P Gurnani said.


Jaguar Land Rover, part of Tata Motors Ltd is likely to report a lower EBITDA margin in the October-December quarter compared with the previous two quarters, the company said on Wednesday, due to exchange rate fluctuations and a higher mix of Evoque sales.

The Fiat Group may rope in Tata Capital Ltd for vehicle financing in India, the Business Line newspaper reported.

"We hope to have the arrangement with the Tatas by April," said Enrico Atanasi, Managing Director, Fiat India.


The Supreme Court has directed all airlines not to charge any transaction fee from passengers and rapped the sector regulator for failing to enforce its own circular issued earlier to this effect.


South African drug company Cipla Medpro is expected to demand more than the $215 million on offer from Indian suitor Cipla Ltd to reflect a lucrative government contract win that will increase its earnings power.

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