Market Buzz: 01-03-2012

Market Buzz

  • Walmart to sell Hero bicycles worldwide.
  • DLF was conned out of Rs 291 crore by Hyderabad based top builder.
  • Bata India net profit rose by 30.99% to Rs 45.05 crore for the fourth quarter ended December 31, 2011, over the same period previous year.
  • Muthoot Finance today said its Rs 500-crore bond issue, the third this fiscal, will hit the market on  Friday.
  • Oil companies hiked jet fuel price by 3.2% on the back of firming up of international oil rates.
  • LIC and IIFCL are expected to acquire stakes in the government’s ambitious $100-billion Delhi Mumbai Industrial Corridor project, an official said today.
  • Bajaj Auto said it is recalling “some” of its motorcycles to address the problem of faulty starter motor.
  • Sun Pharmaceutical Industries has got an approval from US Food and Drug Administration for its abbreviated new drug application, Olanzapine orally disintegrating tablets.
  • BGR Energy wins NTPC deal for super-critical boilers.
  • Govt’s fiscal deficit breaches annual target in January.
  • Standard Chartered Profit Reaches Record $4.75 Billion.
  • ECB hands out $712 billion in low-interest loans to banks.
  • US companies and businesses are keen to invest in India, particularly in infrastructure, energy and healthcare sector.

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