Only Stock Market Prediction has predicted Indian Stock Market start recovering after 17th March 2008 on 8th March 2008 in Post When will Stock Market Recover ?
The Bombay Stock Exchange on 25th March 2008, Tuesday rose by 928.09 points, or 6.07 per cent, at 16,217.49 while the Nifty closed above 4850 levels. Both Sensex and Nifty up 6% each. This is the second biggest gain for the barometer this year. It was the second biggest single day point gain for Sensex. Heavy buying was seen in scrips across sectors.
Sensex closed up 928.09 points or 6.07% at 16217.49, and the Nifty up 267.65 points or 5.81% at 4877.50. Top gainers on the Sensex are ICICI Bank at Rs 880.00 up 9.38%, HDFC at Rs 2,586.00 up 8.47% and Infosys at Rs 1,460.05 up 7.25%. Top gainers on the Nifty are HDFC at Rs 2,616.00 up 9.93%, Unitech at Rs 276.35 up 9.16% and Tata Power at Rs 1,191.00 up 8.83%. Most active shares on BSE are Axis Bank, HDFC and GSS America Inf.
Read More...
Summary only...
The D-day is inching closer for Tata Motors. According to sources close to the development, India’s largest commercial vehicle company is likely to ink the Jaguar-Land Rover deal with Ford on March 26. Ford is scheduled to make the announcement on engines, pensions and other long-term agreements on that day, the sources said, adding that completion of the agreement, however, is scheduled to take two to three months as it is bound by regulatory approvals. However, since Jaguar and Land Rover workers are on an extended Easter holiday, the announcement on the agreement would be made only on Wednesday.
A Tata Motor spokesperson said discussions are still going on and refused to put a date on the announcement. Tata Motors chairman Ratan Tata will lead the Tata delegation and Lewis Booth, executive V-P of Ford, will head the UK team to sign the deal. As part of the agreement, Tata Motors has agreed to retain the two UK manufacturing plants and the 16,000 odd employees. Ford has also entered into a long-term agreement, which will go beyond 2011, to supply Jaguar and Land Rover engines to Tata Motors.
Read More...
Summary only...
Metal pipe manufacturer Welspun-Gujarat Stahl Rohren (WGSRL) has bagged a Rs 1,075-crore order for the supply of pipes in Northern Africa. The firm's new pipeline order has taken its order book position to over Rs 5,900 crore. Welspun's accreditation's from oil and gas firms across the world has resulted in bagging new orders which has further reinstated its position as one of the largest and premium line pipe company in the world.
The company has recently started a trial production of its Plate-cum-coil mill (backward integration) for producing widest plate of 4.5 meters in Gujarat. The plate mill would have an annual capacity of 1.5 metric tonnes per annum (MTPA) and is likely to commence commercial operations in Q1FY09. Further its 300,000 tonne pipe mill project in US is likely to be commissioned by August 2008.
Read More...
Summary only...
