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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