Tata Metaliks is engaged in the business of manufacturing and selling
Foundry Grade pig iron. Its plant, located at Kharagpur in the state of West Bengal and Redi in Maharashtra , consists of five Mini Blast Furnaces and related facilities including Captive Power Plants. The Company has been progressing steadily in its growth path. The Redi plant of the Company has performed well and (more…)

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Dr. Reddys Laboratories has entered into agreements with Schering and Sepracor which will allow Dr. Reddy’s to manufacture and market generic versions of the CLARINEX-D -12 Hour and CLARINEX D - 24 Hour products, with six months marketing exclusivity, and the CLARINEX REDITABS product, with six (more…)

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The board of JIK Industries has allotted 1,61,38,115 equity shares on conversion at a price of Rs 13.80 per share to non- promoter - bond holders holding 32,27,623 fully convertible bonds of face value of Rs 69 each convertible into 5 equity shares pursuant to Hon’ble BIFR orders.

These shares were allotted by the board of directors on 23 December 2008

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Cummins India bottomed out by posting an intra-week low of Rs. 142.65 during the week ended May 26, 2006 and these levels have not been seen since. The scrip launched into an intermediate uptrend, posted a series of progressively higher tops and bottoms and rallied to peak at an intra-week high of Rs. 294.00 (more…)

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Mahindra Life Space bottomed out by posting an intra-week low of Rs. 256.00 during the week ended November 2, 2005, almost gave an upward key reversal, staged a smart rally but ran into resistance from the 463 level during the week ended December 9, 2005, moved sideways/downwards for a couple of weeks. The (more…)

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Financial Technologies bottomed out by posting an intra-week low of Rs. 988.05 during the week ended June 16, 2006, took support on the 988 level, moved sideways for a few weeks, commenced a short term (more…)

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Everest Kanto Cylinder (EKC) peaked at an intra-week high of Rs. 93.00 during the week ended May 19, 2006, almost gave a downward key reversal in the next week, struggled a bit but couldn’t manage to overcome the ‘93 level, declined to post an intra-week low of Rs. 54.80 during the week ended June 9, 2006 and tested these levels by falling to an intra-week low of Rs. 53.88 during the week ended July 28, 2006. The scrip staged a smart recovery from here, peaked at an intra-week high of Rs 385.35 during the week ended January 10, 2008 only to enter a corrective phase. The scrip staged a superb recovery from here and rallied to peak at an intra-week high of Rs. 356.00 during the week ended May 2, 2008 but couldn’t sustain these levels for long and entered a corrective phase. Currently EKC has reversed direction after receiving significant support from the 130 level; a weekly close above the 170 level would mean the possibility of a further upside.

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1) 3i Infotech

3i Infotech has allotted 5,350 equity shares to the applicants under Employee Stock Option Scheme, 2000 (ESOS).
These shares were allotted by the company on 20 October 2008. (more…)

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Realty firm’s telecom unit could seal $1.4-bn deal by weekend.
A leading European telecom giant is set to acquire a little over 43 per cent stake in Unitech’s telecom venture for $1.4 billion. According to highly-placed sources close to the deal, the legal documentation is (more…)

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Infy pips TCS to bag $15-m US bank order

INFOSYS Technologies has bagged an order from the Union Bank of California, US, for its core banking solution (CBS) Finacle, beating its rival Tata Consultancy Services (TCS). According to sources, Infosys and TCS were the only two shortlisted vendors for this project. What is surprising is that only these two (more…)

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