Market News Update:
- TataChemicals UP unit output falls on weak demand.
- NTPC to float Rs 14,000-cr tenders for 1,980 MW project next fiscal.
- Smaller lenders to recover Kingfisher dues by March 31.
- IOB eyes Rs 1,000 cr through issue of equity shares to govt.
- FederalBank announced a 0.25% reduction in its base rate, or the minimum rate of lending, at 10.20%.
- Goldman Sachs downgrades HDFC to 'sell' from 'neutral'
- ONGC is in talks to buy Videocons’s 10% stake in a giant gas field off Mozambique.
- The Securities Appellate Tribunal adjourned hearing on RIL’s appeal against market regulator Sebi till March 1
- IOB, says that post capital infusion, government holding in our bank will increase from 69% to 74%. Once the capital is infused, banks CAR will be slightly below 8%. IOB's, 95-96% of the restructured portfolio is currently performing well.
- PwC to help COALIndia to develop pact for supply of imported coal.
- The Reserve Bank of India (RBI) has softened its stance on allowing real estate firms and brokerages to apply for banking licences.(BS)Market Trend and Tips for Monday 25 Feb 2013 >> Free Tips
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