Grasim Gears Down on Continued Selling Pressure

Grasim IndustriesToday, Grasim Industries is quoting at Rs 2,776, down Rs 102.7, or 3.57%, and touched an intraday high of Rs 2,845 and an intraday low of Rs 2,740.

The trading volume of the scrip is 19,597 shares. Yesterday the share ended weak at Rs 2,878.70 after losing 57.85 points.

Bharti Airtel To Amplify Its Presence, Investing $200 Mn In Sri Lanka

Bharti AirtelNew Delhi: Bharti Airtel Lanka Pvt Ltd will invest up to $200 million by 2009 for offering mobile services in Sri Lanka. The recent plan is a part of company’s strategy to amplify its presence beyond India.

The company is all set to instigate both 2G and 3G mobile services in Sri Lanka by the end of the current fiscal.

State-owned Oil Companies Seek Hike In Oil Prices in order to Cover Losses

Government-owned oil companies that are dropping off more than Rs 1.85 billion each day on sale of four fuel products, (petrol, diesel, domestic cooking gas (LPG) and kerosene) are seeking an immediate hike in fuel prices, report agency sources.

In a written reply in Lok Sabha, Dinsha Patel, State Minister for petroleum and natural gas alleged that the state-owned oil marketing companies have wanted correction in the costs of receptive petroleum products because of enhancement in worldwide oil costs.

Akar Tools Board Declares Final Dividend For 2006-07

Akar Tools Ltd.At its meeting held Aug. 14, 2007, the board directors of Akar Tools have sanctioned a dividend of 15% or Rs 1.50 a share of Rs 10 each for the fiscal 2006-07.

Akar Tools declared a fantastic jump in its quarterly net profit for June 2007. The company’s income boosted 2.18 times, to Rs 9.09 million, from Rs 4.17 million in the same period of the last year.

Reliance Retail To Open Up Mega Retail Outlet

Reliance FreshAccording to the reports Reliance Retail is ready to open up 500 hypermarkets crosswise the country by next three years (2010).

The company showed a glance of its jumbo plans by opening up a huge 165,000 sq.ft hypermarket RelianceMart in Ahmedabad, which is largest complete format store in the country.

Global Worries Hit Bourses; Sensex, Nifty Break Up

BSE SensexWith weak worldwide markets activating a substantial sales event, the Sensex plunged over 650 p

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