business

Bharti Airtel board in its meeting held on April 29, 2009 have approved sub-division (share split) of existing equity shares of Rs. 10/- (Ten) each into 2 (two) equity shares of Rs. 5 (Five) each, subject to the approval of its shareholders. Board of Directors of Bharti Airtel has recommended a final dividend of Rs.2.00 … Read more Bharti Airtel Stock Split + Dividend

In its near term outlook for global steel sector, the World Steel Association (WSA) has said that India’s steel consumption is expected to increase by 1.7% to 53.5 million tonne (MT) in 2009 against 52.6 MT in 2008. ‘India is projected to have a positive growth of (about) 2% for apparent steel use in 2009,’ … Read more Indian steel to reverse global trend

ABB, the leading power and automation technology group, has won substation orders worth around Rs 425 crore from Powergrid, India’s national transmission utility, to boost capacity and help improve grid reliability. The contract is for the design, supply, installation and commissioning of 765 / 400 kilovolt (kV) substations at Agra (Uttar Pradesh), Wardha (Maharashtra), Bilaspur … Read more ABB bags orders worth Rs 425 crore from Powergrid

Pepper futures continued to trade lower for the second day on NCDEX as traders resorted to profit booking in a bid to cash in on earlier high prices. The May futures contract fell to an intra-day low of Rs 12,382 per 100 kg after touching a high of Rs 12,584 per 100 kg. The counter … Read more Pepper trades lower for the second day on NCDEX

Federal Bank is currently trading at Rs 189.70,up by 11.75 points or 6.60% from its previous closing on the BSE. The scrip opened at Rs 182 and has touched a high of Rs 189.80 with low remaining its opening price. So far 11,280 shares were traded on the BSE. The BSE group ‘A’ Bankex stock … Read more Federal Bank upbeat on merger talk with Catholic Syrian Bank

Crude prices gained for the third day in a row on Friday, despite contracting global demand and a huge reserves position. Worries that the US bank bailout will induce a wave of inflation sent money flowing into hard assets like oil. Benchmark crude for June delivery rose $1.93 to settle at $51.55 a barrel on … Read more Crude Speculators drive to $51.55 a barrel despite contracting demand