Indian government has been planning consolidation of public sector banks for quite some time.

This is hugely positive for the market. This is something which should address the ongoing concerns as well as those structural changes that should have been brought into effect a while back.

Indian markets have witnessed selling pressure in majority of stocks. However, there are many stocks which are still looking positive and traders can consider some of those stocks. Stock recommendations by Epic Research....

In another alarming sign for Indian automobile sector, Hero MotoCorp has announced that the company will keep its plant shut for four days on account of holidays and lower demand for its two-wheelers. Hero MotoCorp has been market leader in many two-wheeler segments and the company has witnessed strong growth in profit and sales over years.

Sector agnostic Buyout Fund, TIW Private Equity has picked up a majority stake in Bangalore headquartered, Credence Family Office. The deal is in process of regulatory approvals. Credence plans to use the proceeds to strengthen its advisory platform, increase geographical reach and improve on its operating platform.

CESC has declared the results for the three months period ended March 31, 2009.

The company has posted a 9.30% growth in standalone net profit for the fourth quarter ended March 2009.

The company has registered a net profit at Rs 940 million, as against Rs 860 million during the same quarter last year.

Net sales during the period under review surged 18.18% to Rs 7,540 million, whereas total income for the quarter climbed 13.97% to Rs 7,750 million.