Business Headlines, Stock Reports

Headines

RIL scraps KG basin stake transfer
Canara bank to open 100 new branches
ONGC to get five new onshore blocks in WB
Iran has 85 bn barrels heavy oil reserve: Report
Private oil cos suggest win-win formula to revive retail biz

RIL gearing up for for KG gas production
FIIs net buy Rs 1,586cr in F&O on Friday
iPhone price may fall 15%
R-ADAG takes on L&T on monorail project


Index Outlook
‘Stability’ was the theme in the Indian stock markets in August; accompanied by the attendant boredom. Though the Indian benchmark was thwarted in its attempt at surpassing the 15500 mark this month, it has managed to hold on to ...

Larsen & Toubro: BuyInvestors with a 2-3-year perspective can consider adding the stock of Larsen & Toubro to their portfolio. The company’s proven execution skills, quality clientele, well-entrenched presence in a wide range of businesses and ability ...

ONGC may rope in Rosneft as local partner in Imperial EnergyKolkata, Aug. 30 ONGC may rope in Rosneft Oil Company of Russia as its local partner in Imperial Energy Corporation Plc in case of a successful acquisition of the UK-based company having substantial oil equity in Russia’s Siberia region, ...

Infosys: BuyWith bulging cash coffers and inorganic growth aspirations, Infosys Technologies has for long been scouting for suitable acquisitions. It seems to have finally found an ideal candidate in the Axon Group. ...

Indiabulls Real Estate: BuyThe current macro scenario does not augur too well for the real-estate sector with issues such as funding challenges, tapering demand and slowing launches clouding prospects. The sharp de-rating of stocks in the sector in the past one year ...

TECHNICAL ANALYSIS:
Sideways movement seen for Nifty future (August 31, 2008)
Reliance Infra (August 31, 2008)
Unitech (August 31, 2008)
Infosys (August 31, 2008)
Tata Steel (August 31, 2008)
SBI (August 31, 2008)
Reliance (August 31, 2008)
Index Outlook (August 31, 2008)
Query Corner: What the charts say (August 31, 2008)

STOCKS: PNB: HoldShareholders of Punjab National Bank (PNB) can stay invested in the stock. Though the stock trades at an attractive valuation, it may under-perform in the near term, given the uncertain interest rate scenario. The current macro environment ...

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Source:ET,BL