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Soft metal
While the run-up in prices have made metal stocks expensive, medium term prospects are unattractive due to weak demand and inventory pile-up.

An Open Letter to the American People...
Nobel Laureates / October 11, 2009, 0:06 IST

News of the day

IBM wins 10-year IT services contract from co-operative bank
IBM today announced that it has signed a 10-year Information Technology (IT) services agreement with Gujarat-based Sardar Bhiladwala Pardi People’s Co-operative Bank (SBPPCB). The engagement will be in the form of a pay-as-you-go model, which will enable the bank to save up to 50 per cent in its capital expenditure on IT Infrastructure, IBM said in a statement.
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Sloane Robinson ups stake in Indiabulls Real Estate to 5.42%

Foreign fund house Sloane Robinson LLP has hiked its stake in Indiabulls Real Estate to 5.42 per cent through open market share acquisition. - Foreign fund raises stake in Glenmark Pharma to 5.31% - NEWSALERT: Sloane Robinson raises its stake in Indiabulls to 5.08% - Lazard gets govt nod for India private equity fund UK-based Sloane Robinson LLP, as investment manager of various entities, has bought 19.82 lakh shares (0.50 per cent stake) of Indiabulls Real Estate Ltd through open market transactions, the realty developer said in a disclosure to the Bombay Stock Exchange (BSE). Post the transaction, Sloane Robinson holds a 5.42 per cent stake in Indiabulls Real Estate. The transaction of shares was executed on October 8, the disclosure added. The value of the transaction comes at about Rs 57 crore when calculated with the closing share price of Indiabulls Real Estate on October 8 on the BSE. In afternoon trade, shares of Indiabulls Real Estate were trading at Rs 282.60, down 3.63 per cent.


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