Stocks to watch: Kingfisher Airlines, Tata Motors, Reliance Communications, NTPC
New York's main contract, light sweet crude for October delivery was at $70.20 per barrel and Brent North Sea crude for October delivery moved to $69.71 per barrel.
By ET Bureau |
MUMBAI: Crude oil prices moved higher in Asian trade. New York's main contract, light sweet crude for October delivery was at $70.20 per barrel and Brent North Sea crude for October delivery moved to $69.71 per barrel.
The Indian rupee strengthened on Tuesday on expectations of capital inflows. At 9:15 a.m. the partially convertible rupee was at 48.73 against the dollar compared to its previous close of 48.83.
Vijay Mallya-owned Kingfisher Airlines will raise around Rs 1,000 crore by Q4 FY10 through a combination of GDR and rights issue, most of which will be employed to retire a part of the airline���s debt.
Tata Motors posted a consolidated first-quarter loss after sales of its British marque brands Jaguar and Land Rover suffered in the wake of a global downturn, but expressed confidence of a speedy turnaround.
Reliance Communications is close to a telecoms tower sharing deal with local peer Aircel that could fetch India's No. 2 mobile operator revenues of about $300 million over 10 years.
Andhra Pradesh���s chief minister Y S Rajasekhara Reddy has said that the first phase of the NTPC-BHEL joint power project at Mannavaram of Srikalahasti mandal in Chittoor district will be completed by 2011-2012 and the second phase by 2013-14.
The Indian rupee strengthened on Tuesday on expectations of capital inflows. At 9:15 a.m. the partially convertible rupee was at 48.73 against the dollar compared to its previous close of 48.83.
Vijay Mallya-owned Kingfisher Airlines will raise around Rs 1,000 crore by Q4 FY10 through a combination of GDR and rights issue, most of which will be employed to retire a part of the airline���s debt.
Tata Motors posted a consolidated first-quarter loss after sales of its British marque brands Jaguar and Land Rover suffered in the wake of a global downturn, but expressed confidence of a speedy turnaround.
Reliance Communications is close to a telecoms tower sharing deal with local peer Aircel that could fetch India's No. 2 mobile operator revenues of about $300 million over 10 years.
Andhra Pradesh���s chief minister Y S Rajasekhara Reddy has said that the first phase of the NTPC-BHEL joint power project at Mannavaram of Srikalahasti mandal in Chittoor district will be completed by 2011-2012 and the second phase by 2013-14.
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