India Business News and Press Release Distribution

Police identify suspect in New Orleans shooting
13 May 2013 at 8:36pm
Police said the suspect, 19-year-old Akein Scott, remained at large but had been identified by multiple people.

Nifty likely to open flat to positive: ICICIdirect.com
13 May 2013 at 8:36pm
According to derivative report by ICICIdirect.com, the Nifty is likely to open flat to positive on the back of mixed global cues.

Indian Rupee opens flat at 54.75 per dollar
13 May 2013 at 8:36pm
The Indian rupee opened at 54.75 per dollar versus 54.74 yesterday. According to Jayesh Mehta, Bank of America, strong support for the rupee is seen at 55/USD and the rupee will remain in 54.70-55/USD range.

Reliance Power to generate 2,640 MW more at Sasan plant
13 May 2013 at 8:30pm
J P Chalasani said, Reliance Power will generate 2640 MW additional power at its Sasan Plant.

Market trend choppy; sell Nifty on rallies: Sukhani
13 May 2013 at 8:29pm
Sudarshan Sukhani suggests to short Nifty on rallies today. He cautions that the market trend is likely to remain choppy and the intermediate uptrend is over. He expects market to consolidate.

RBI bought net $820 million in spot FX market in March
13 May 2013 at 8:22pm
In the spot foreign exchange market the Reserve Bank of India was a net buyer of USD 820 million in March.

Indian ADRs: Tata Motors slips 4%, Tata Comm down 2.6%
13 May 2013 at 8:22pm
Indian ADRs ended lower on Monday. In the Telecom space, Tata Communication was down 2.64 percent at USD 8.47.

Bond market likely to remain supported: Vivek Rajpal
13 May 2013 at 8:13pm
The range for the 10-year yield is seen between 7.55-7.60 percent. Expects April WPI inflation to come in at 5.4%, says Vivek Rajpal, Nomura.

Strong support for rupee seen at 55/USD: Jayesh Mehta
13 May 2013 at 8:12pm
Strong support for the rupee is seen at 55/USD. The range for the rupee is seen at 54.70-55/USD, says Jayesh Mehta, Bank of America.

Stocks in news: DLF, Bharti Airtel, ONGC, Shriram EPC
13 May 2013 at 8:10pm
Stocks in news: Venus Remedies | Shriram EPC | Ranbaxy | HT Media | ONGC | DLF | Tata Steel | S Mobility and Bharti Airtel are stocks, which are in news today.

Gold rises on weaker dollar after three-day fall
13 May 2013 at 8:09pm
Gold prices recovered after a sell off in April had dragged down the prices to a two-year lows. Gold prices rose on dollar weakness.

Bull's eye: Buy RCF, Rolta; sell Reliance Power, REC
13 May 2013 at 8:06pm
SP Tulsian, sptulsian.com recommends to sell Adani Enterprises, Reliance Power and United Phosphorous, while suggest to buy RCF.

Check out: 4 stocks that are on brokerages` radar today
13 May 2013 at 8:03pm
Check out: 4 stocks that are on brokerages` radar today

Don't sell in May; hold financials, tech stocks: CLSA
13 May 2013 at 7:53pm
Look for relative strength in stocks, sectors and markets to drive performance. We recommend staying with the leaders - financials, staples and tech, saysLaurence Balanco, CLSA.

Vakrangee Holdings buys 25.25 lakh shares of Vakrangee Soft
13 May 2013 at 7:51pm
On May 13, 2013 Vakrangee Holdings Private Limited bought 25,25,000 shares of Vakrangee Software at Rs 74.25 on the BSE. In the previous trading session, the share closed at Rs 74, down Rs 0.15, or 0.20 percent.