CBoP board gives in-principle nod for merger with HDFC Bank

NEW DELHI, Feb 23: Centurion Bank of Punjab's board today gave an in-principle approval for merger with HDFC Bank, official .....more'

New application to track browsing history

BANGALORE, Feb 23: How many times you have forgotten a web page that you visited earlier to get some important information? Wel,...more

Haldia Petro faces delay in expansion projects

KOLKATA, Feb 23: Haldia Petrochemicals Ltd (HPL) was facing a delay in completion of its Supermax expansion project, which involved an increase .......more

Oils prices close flat

NEW DELHI, Feb 23: Steady conditions prevailed in the wholesale pulses market here today due to restricted arrivals against sporadic offtakeEdible oils: Groundnut mill delivery 7,200, Groundnut Solvent refined (per tin) 1235-1260, Mustard Expeller 6,000, Mustard Pakki ghani (per tin) 885-1000, Mustard kachi ghani (per tin) 950-1000.....more

Plastic prices remain steady

NEW DELHI, Feb 23: The wholesale plastic market closed on a steady note here today as prices moved in a narrow range on poor demand against reduced supply........more

Kabli gram, peas move up on better offtake

NEW DELHI, Feb 23: Kabli gram and peas prices improved by Rs 25-50 in the wholesale pulses market here today due to increased buying interest against reduced ......more

Wheat dara slips on ample supply

NEW DELHI, Feb 23: Wheat dara priced weakened by Rs 5 a quintal in the wholesale grain market today on slackness in demand.Marketmen said low buying .......more

Select base metals dip on lower global cues

NEW DELHI, Feb 23: Prices of select base metals dipped in the range of Rs 2-5 per kg in the non-ferrous metal market here today due to lower London Metal Exchange advices along with reduced offtake by consuming industries.Marketmen said lack of buying interest from industries due to reports .....more

     
     

Select millgate sugar falls on reduced offtake

Gur prices close flat..

Indore, Patna freight rates soften...

Select millgate sugar falls on reduced offtake

CBoP board gives in-principle nod for merger with HDFC Bank

NEW DELHI, Feb 23: Centurion Bank of Punjab's board today gave an in-principle approval for merger with HDFC Bank, official sources said.

HDFC Bank is the country's second largest private sector lender after ICICI Bank while CBoP is the fourth largest. HDFC Bank has about 746 branches pan-India, while CBoP has 394.

If the merger takes place, the combined entity could have a market capitalisation of about Rs 63,000 crore, based on their current market values.

CBoP is currently the tenth most valued bank in India with a market cap of about Rs 10,500 crore, while HDFC Bank is the third-most valued at over Rs 52,000 crore. (PTI)

New application to track browsing history

BANGALORE, Feb 23: How many times you have forgotten a web page that you visited earlier to get some important information? Well, now there is a web application-Hooeey, which is claimed to be an efficient tool to access browsing history.

"Hooeey enables internet users to re-use their browsing history in a productive manner to reduce time spent in searching for previously visited web pages, to easily share interesting web pages with others and use the provided dashboard to manage their browsing time more efficiently," Hooeey’s Managing Director Rajiv Purnaiya said.

While providing a safe and universal platform for the entire browsing experience, Hooeey delinks the browser history from the browser. Additionally, it adds a social networking layer, allowing one to share specific sites with others, both on Hooeey network and other social bookmarking services.

Hooeey services can be accessed for free at www.Hooeey.Com <http://www.Hooeey.Com>.

"Our main focus is to save time and effort of the users by leveraging IT tools and adopting a different approach that combines seamless web hop recording with complete transparency and user control," Rajiv said.

Hooeey allows users to track their browsing history from any search engine and "also has the advantage on browser’s history files as it works on both platforms like Internet Explorer and Firefox.

Hooeey provides facilities like automatically recording web hops, tagging of interesting sites while being online or offline, creating contact list and sending links to friends, besides having self-determinable folders to structure links. (PTI)

Haldia Petro faces delay in expansion projects

KOLKATA, Feb 23: Haldia Petrochemicals Ltd (HPL) was facing a delay in completion of its Supermax expansion project, which involved an increase in naphtha cracking facility.

The delay was due to shortage of designers, fabrication and other materials required for civil construction of the project, Managing director of HPL, Swapan Bhowmick told reporters on the sidelines of 'PlastIndia 2009' here.

While the company had earlier decided to implement the project during May 2008, it was now re-scheduled for completion in the third quarter of the next financial year.

Asked whether there would be a cost overrun, he said it was likely. The initial project cost was pegged at Rs 840 crore.

The Supermax project entailed expansion of naphtha cracking facility from 520 kg tonnes per annum to 675 kg tonne per annum.

Bhowmick told last night that the fast changing dynamics in the global petrochemicals industry was forcing the company to review its strategy.

Following this, the company has decided to make a strategic shift to value addition by manufacturing products which did not require much naphtha.

Meanwhile, the company was in talks with L&T for buying out their 51 per cent stake in HPL Cogeneration, a 160 MW power unit. HPL has 49 per cent stake in the power company. (PTI)

Oils prices close flat

NEW DELHI, Feb 23: Steady conditions prevailed in the wholesale pulses market here today due to restricted arrivals against sporadic offtake.

Marketmen said low trading activity kept the prices flat.

Following are today’s quotations per quintal:

Oilseeds: mustard seed 2325-2500 and Groundnutseed 2700-3000.

Vanaspati ghee (15 litres tin) 885-995.

Edible oils: Groundnut mill delivery 7,200, Groundnut Solvent refined (per tin) 1235-1260, Mustard Expeller 6,000, Mustard Pakki ghani (per tin) 885-1000, Mustard kachi ghani (per tin) 950-1000, Sunflower 5,350, Sesame mill delivery 7,650, Soybean Refined mill delivery 6,300, Soyabean degum (Delhi) 6,250, Crude Palm Oil (Ex-kandla) 5,400, Cottonseed mill delivery 5,700, palmoline (RBD) 6,000, Rice bran (phy) 5,000 and coconut (per tin) 900-950.

Non-edible oils: linseed 4800 Mahuwa 4350, castor 5200-5300,

Neem 3900-4000, Rice bran 3850-4000 and palm fatty 3125-3200.

Oilcakes: groundnut dehusk 770-820, Sesame 925-1125, Mustard (new) 1000-1025, Mustard 975-980 and Cottonseed 975-1100. (PTI)

Plastic prices remain steady

NEW DELHI, Feb 23: The wholesale plastic market closed on a steady note here today as prices moved in a narrow range on poor demand against reduced supply.

Following are today's quotations in Rs per kg:

LD No 40 - 90.00, LD No 400 - 89.00 LLDP blowing 83.00, colour 73.00 HD Blowing 81.00, HD moulding (deshi) 79.00, HD moulding (colour) 82.00, PP No 100 80.00, PP Colour 104, ABS (Indian) 97, acrylic 130-140, colour 139-144, crystal (Indian) 80, colour 90, poly carbonate 180-190, Nylon No-6 160, Nylon No 66 -181-191, PVC resin deshi 56.00, PVC pest grade 85. (PTI)

Kabli gram, peas move up on better offtake

NEW DELHI, Feb 23: Kabli gram and peas prices improved by Rs 25-50 in the wholesale pulses market here today due to increased buying interest against reduced ready stocks.

Marketmen said fresh buying support against reduced arrivals pushed up kabli gram and peas prices.

Kabli gram small price moved to Rs 2,850-3,525 a quintal from Rs 2,800-3,475 on better offtake.

Peas varieties, white and green, prices also asked higher at Rs 2,150-2,225 and Rs 2,200-2,250 from Rs 2,125-2,200 and Rs 2,175-2,225 a quintal respectively.

Following are today’s quotations (per quintal):

Urad Maharashtra 2050-2400, Rangoon 2300-2375, Urad chilka (local) 2650-2800 , best 2800-3100, dhoya local 2800-3000, best 3100-3350, Moong Maharashtra 2250-2550, Rajasthan 1875-2250, dal moong chilka local 2600-2800, best 2800-3150, moong dhoya local 2700-2850, best quality 2950-3300, masoor small 3000-3150, bold 2850-2950, dal masoor local 3250-3450, best quality 3450-3700, Malka local 3250-3450, best 3475-3650, Moth 1750-1850, Arhar Maharashtra 2600-2700, Rangoon 2450-2550, dal arhar dara 3500-3700 and patka 3650-3950.

Gram 2525-2550, gram dal (local) 2800-2950, best quality 2950-3150, besin (35 kg) shakti bhog 1210, rajdhani 1225, Rajmah chitra Pune 3150-3900, China 3550-3900, red 2900-3000, kabli gram small 2850-3525, dabra 2775-2875, imported 4600-4700, lobia 2200-2600, peas white 2150-2225 and green 2200-2250. (PTI)

Wheat dara slips on ample supply

NEW DELHI, Feb 23: Wheat dara priced weakened by Rs 5 a quintal in the wholesale grain market today on slackness in demand.

Marketmen said low buying activity against ample ready stocks caused marginally fall in wheat dara prices.

However, prices of grain commodities moved in a narrow range on small bouts of buying and selling and finished unchanged.

Wheat dara prices met with resistance and shed Rs 5 to 1,125-1,130 a quintal, while wheat mp deshi ruled flat at Rs 1,300-1,575 a quintal.

Following are today's quotations per quintal (in Rs): wheat MP (deshi) 1300-1575, wheat dara (for mills) 1125-1130, chakki atta (delivery) 1125-1130, Chakki atta Rajdhani (10 kg) 145, shakti bhog (10 kg) 155, roller flour mill 1120-1125, maida 1190-1210 (90 kilos) and sooji 1210-1225 (90 kg).

Rice basmati (lal quila) 6800, Shri Lal Mahal 7000, Basmati common 5700-5850, Permal raw 1250-1350, permal wand 1425-1475, sela 1725-1775 and rice IR-8 1125-1175, Bajra 610-620, Jowar yellow 615-660, white 1110-1200, Maize 800-825 Barley (UP) 1170-1185 and Rajasthan 1180-1185. (PTI)

)

Select base metals dip on lower global cues

NEW DELHI, Feb 23: Prices of select base metals dipped in the range of Rs 2-5 per kg in the non-ferrous metal market here today due to lower London Metal Exchange advices along with reduced offtake by consuming industries.

Marketmen said lack of buying interest from industries due to reports of lower trend at international market caused the downfall in select base metal prices.

At London Metal Exchange, nickel surrendered 750 dollars at 28,500 dollars, copper dipped by 105 dollars at 8,315 dollars followed by lead, which shed 85 dollars to close at 3,250 dollars a metric tonne respectively.

In local market, nickel plate (4x4) (9x9) and (4x24) receded by Rs 5 each at Rs 1,320-1,420, Rs 1,325-1,435 and Rs 1,325-1,455 a kg respectively.

Copper wire scrap, copper super d rod, copper wire bar, copper mixed scrap, C C rod, utensil scrap and mixed scrap all moved down by Rs 2 each at Rs 345, Rs 368, Rs 365, Rs 325, Rs 357, Rs 310 and Rs 305 per kg respectively.

Lead ingot and lead imported price also dropped from Rs 120 and Rs 153-158 to Rs 118 and Rs 151-155 a kg respectively. (PTI)

)

Select millgate sugar falls on reduced offtake

NEW DELHI, Feb 23: Select millgate sugar prices weakened by Rs 5 per quintal in the wholesale sugar market today on poor demand.

Marketmen said fall in demand against adequate supply brought down select millgate sugar prices.

In the millgate section, Khatauli and Bijor traded lower at Rs 1,470 and Rs 1,420, as compared to previous close of Rs 1,475 and Rs 1,425 per quintal respectively.

Following are today's quotations per quintal:

Sugar ready M-30 1500-1590 and S-30 1480-1570.

Mill delivery M-30 1290-1460 and S-30 1280-1450.

Sugar mill gate prices (excluding duty): Modi Nagar new 1435,Bagpat 1420, Daurala 1470, Chandpur 1370, Titabi 1430, Mawana 1430, Simbhawali 1470 Khatauli 1470, Badaiun 1365, Sattha 1360, Ruderavilash 1370, Bijnor 1420 and Amroha 1425 and Samali Rs 1420. (PTI)

Gur prices close flat..

NEW DELHI, Feb 23: Gur prices closed steady in the wholesale gur (jaggery) today on lack of demand against reduced stocks.

Following are today's quotations:

Chakku 1250-1300, Pedi 1250-1300 and Dhayya 1275-1300. Shakkar 1350-1400 and Khandsari 1500-1550.

In Muzaffarnagar: Raskat 950-1000, chakku 1125-1175 and Khurpa 1100-1125.

In Muradnagar: Pedi 1100-1125, Dhayya 1100-1125. (PTI)

Indore, Patna freight rates soften...

NEW DELHI, Feb 23: Freight rates for the nine metric tonne payload section for select centres traded lower in the local truck transport market today owing to slowdown in cargo movements against easy availability of trucks.

Delhi to Indore freight rates went down by Rs 500 at Rs 12,000 while Patna rates lost Rs 1000 at Rs 20,000.

Following are today's freight rates for the nine metric ton load:

Ahmedabad 11,000 Hyderabad 23,000 Mumbai 17,000 Vijayawada 25,000 Baroda 13,000 Bangalore 29,000 Pune 18,000 Mysore 31,000 Surat 13,000 Pondicherry 34,000 Kanpur 8,500 Coimbatore 40,000 Kolkata 23,000 Chennai 32,000 Ludhiana 9,000 Kochi 43,000 Chandigarh 6,500 Thiruvananthapuram 47,000 Jaipur 4,700 Goa 24,000 Indore 12,000 Gwalior 6,500

Patna 20,000 Guwahati 38,000

(PTI)

Select millgate sugar falls on reduced offtake

NEW DELHI, Feb 23: Select millgate sugar prices weakened by Rs 5 per quintal in the wholesale sugar market today on poor demand.

Marketmen said fall in demand against adequate supply brought down select millgate sugar prices.

In the millgate section, Khatauli and Bijor traded lower at Rs 1,470 and Rs 1,420, as compared to previous close of Rs 1,475 and Rs 1,425 per quintal respectively.

Following are today's quotations per quintal:

Sugar ready M-30 1500-1590 and S-30 1480-1570.

Mill delivery M-30 1290-1460 and S-30 1280-1450.

Sugar mill gate prices (excluding duty): Modi Nagar new 1435,Bagpat 1420, Daurala 1470, Chandpur 1370, Titabi 1430, Mawana 1430, Simbhawali 1470 Khatauli 1470, Badaiun 1365, Sattha 1360, Ruderavilash 1370, Bijnor 1420 and Amroha 1425 and Samali Rs 1420. (PTI)



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