Indian Stock Market

Reliance Industries and Reliance petroleum have planned to merge into a single entity. RIL holds 70% stake in RPL .
Lets look out for more news about merger

Marksans Pharma has touched a 52week low of Rs 4.50. At 12:48 pm, the share was quoting at Rs 4.85, up Rs 0.23, or 4.98%. There were pending buy orders of 514,023 shares, with no sellers available. It was trading with volumes of 1,308,725 shares. Yesterday the share closed down 2.94% or Rs 0.14 at Rs 4.62.

Alan Heap, MD and Global Commodity Analyst, Citi Investment Research, said international trade volumes are going to be lower in the medium to longterm. However, he was quick to add that we are still seeing rapid launches of new vessels. The Dry Bulk market is heading into a prolonged period of oversupply, he added.

American World Pictures will handle the international sales the film

Markets continue to trade under pressure as bank, realty, metal, FMCG and power stocks are trading weak. Among stock specific, Reliance, ITC, Bharti Airtel and ICICI Bank are dragger for the Sensex.

KEC International had touched an intraday high of Rs 134 and an intraday low of Rs 126.50. At 12:46 pm, the share was quoting at Rs 132, up Rs 2.70, or 2.09%. The company has got order worth Rs 227 crore from Power Grid, reports CNBCTV18. It was trading with volumes of 20,153 shares.

Tata Motors has announced that the muchawaited Tata Nano will be launched at a function in Mumbai on March 23, 2009. The cars will be on display at Tata Motors dealerships from the first week of April 2009. Bookings will commence from the second week of April 2009.

Canara Bank had touched an intraday high of Rs 163.50 and an intraday low of Rs 148.60. At 12:22 pm, the share was quoting at Rs 153.25, down Rs 8.8, or 5.43%. It was trading with volumes of 121,907 shares. Yesterday the share closed down 0.34% or Rs 0.55 at Rs 162.05.

GSS America Infotech had touched an intraday high of Rs 132.70 and an intraday low of Rs 122. At 12:14 pm, the share was quoting at Rs 130.80, up Rs 5.65, or 4.51%. It was trading with volumes of 342,799 shares. Yesterday the share closed up 6.56% or Rs 7.70 at Rs 125.15.

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India’s BSNL to start 3G services by March end-min
BSNL (Bharat Sanchar Nigam Ltd) has rolled out the third generation mobile services from Chennai on Sunday.

The nation-wide launch of 3G mobile service in Chennai that permits various upgraded services, comprising rich voice, data and video services, to the subscribers.

The newly launched service will offer up data speed of 2 Mbps over the GPRS and EDGE enabled mobile networks.

Students passing out of colleges and universities this year should not be haunted by the spectre of wage cuts and job losses, instead focus more on developing skills as a value addition to their degrees to get placements.

Amidst rising unemployment, Britain is putting in place new immigration restrictions on professionals from India and other non-EU countries.

Corporate Affairs Minister PC Gupta has said the Satyam sale process will be complete before the general elections. The beleaguered tech firm, he added, had got orders worth USD 250 million in the last seven weeks.

Japanese car major Honda will continue to cut its India output by over 45 per cent for the next six months in order to prevent inventory build up amidst the ongoing slowdown in the domestic market.