Uday Shankar Moves From MCCS To STAR India As COO

Star IndiaThe CEO of Media Content and Communications Services (MCCS) has been chosen as the COO of STAR India. MCCS is a 74:26 percent venture between Ananda Bazaar Patrika and STAR Group.
The declaration was made in a combined report by Star and MCCS. Mr. Shankar will shortly join Star India and keep an eye on the company’s overall functioning.
He will report to Paul Aiello, the chief executive officer of STAR Group.

UTI Bank To Raise Rs. 2000 Crore Fresh Capital

UTI BankUTI Bank executive director of corporate strategy, Asok Kumar has announced that they have dec

Google To Bring Out PowerPoint Killer

Google IncThe Mountain View, California based Google Inc is planning to bring out PowerPoint killer,

Rising Rupee Could Go Weak

Indian CurrencyAccording to the reckonings of Treasury managers and economists, the rupee could slide back to its 43 levels against the US dollar by the end of this calendar year; the short term gains of the local currency indicated at a weaker currency over the medium term.

Maruti To Introduce iCATs

Maruti Ltd.Following the European Union way of employing hi-tech anti-theft devices in cars, the largest Indian car manufacturer, Maruti Udyog, is set to introduce the immobilizer system, iCATs, across all its models.

iCATs (intelligent Computerized Anti-Theft system) works on the principle of multiplexed communication where an inbuilt transponder, into the car key, carries a unique electronic identification and a secret code that digitally communicates with the engine computer via a controller. The car engine starts only if the secret code matches thus preventing the car from being stolen.

Declining Dollar Results In Inflation Decline

DollarsDecline of dollar against most major currencies is turning out to be great for Indian economy. The rupee has improved hugely to close at 41.85/86 against the dollar, which is recorded as a nine-year high.
The world-wide flaw of the dollar, attached with the resumed inflows from foreign institutional investors (FIIs) and the tightening of domestic rates assures traders to purchase the rupee and sold the dollar. This scenario would surely ease inflation because of decline in the cost of imports.


News in Focus

Shrikant Chouhan: BUY SBI and Dr Reddy’s

Market expert Shrikant Chouhan from Kotak Securities has suggested two BUY Calls for short term traders. Indian markets are at their all-time highs for NSE Nifty and BSE Sensex.

Mitesh Thakkar: BUY Cipla, SAIL, Pidilite and L&T Infotech

Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session, indicating a bullish outlook for Indian markets.

Mitesh Thakkar: BUY Muthoot Finance, NTPC, L&T Finance; SELL Cholamandalam

Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trade.

Sudarshan Sukhani: BUY Godrej Consumer, Titan Industries, NTPC; SELL Havells

Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session.

Sona Comstar to launch IPO on June 14 in price band of Rs 285-291

Sona Comstar will launch its initial public offer on June 14 in the Indian markets. The company backed by BlackStone Group is planning to raise Rs 5500 crore from the Indian primary market.

Mitesh Thakkar: BUY HDFC Life, Bharti Airtel, Tata Power; SELL Hindalco

Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session.