China has secretly increasing its gold reserves China has reported that it has been secretly increasing its gold reserves. It was able to keep it secret by buying domestically produced metal, almost doubling the amount of gold it holds to more than 1,000 tons.

continue reading.....

Arcelor Mittal, the world’s largest steelmaker said it’s revenu fell to $15.1bn in the three months to 31 March, from $29.8bn a year ago. As a result, the firm reported a quarterly loss of $1.06bn. The company revealed its intention to raise cash of $3.00 billion to reduce its debts and strengthen its balance sheet.

continue reading.....

Bharti Airtel dividend Bharti Airtel Ltd has announced final dividend of Rs 2 per equity share of Rs 10 each i.e. 20% for financial year 08-09. This is the first time Bharti Airtel has announced any dividend. Also it’s share will be split into two shares of Rs5 paid up on future book closure date.

continue reading.....

Exdon Trading Company Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on May 25, 2009, inter alia, to transact the following business: 1. To increase the authorized share capital of the Company from Rs 75,00,000 (Rupees Seventy Five Lakhs) divided in to 7,50,000

continue reading.....

Carborundum Universal Ltd has announced a dividend of Rs 2/- per equity share (on a face value of Rs 2/-) for the year. it’s a 100% dividend on Rs2 face value

continue reading.....

Bank of America Profit Rose to $4.24 billion from $1.21 billion Bank of America the largest U.S. bank by assets, reported first-quarter profit more than tripled on gains from home refinancing and trading. The stock fell in early trading as more borrowers fell behind on their payments. Net income rose to $4.24 billion from $1.21 [...]

continue reading.....

Oracle Corp. agreed to buy Sun Microsystems Inc. for $7.4 billion, or $9.50 a share in cash. “We expect this acquisition to be accretive to Oracle’s earnings by at least 15 cents on a non-GAAP basis in the first full year after closing,” said Oracle President Safra Catz. “We estimate that the acquired business will [...]

continue reading.....

AXIS Bank Dividend & Book Closure for Dividend & AGM AXIS Bank Ltd has announced that the Board of Directors of the Bank at its meeting held on April 20, 2009, inter alia, has recommended a dividend of Rs 10.00 per share (100%) for the year ended March 31, 2009 (previous year Rs 6.00 per [...]

continue reading.....

Dai-Ichi Karkaria Buy Back Dai-Ichi Karkaria Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 28, 2009, inter alia, for consideration of a proposal involving Buy – back of equity shares of the Company

continue reading.....

Tata Communications Ltd has announced regarding a Press Release dated April 20, 2009 titled “TV5MONDE Selects Tata Communications’ Content Delivery Network Services to Reach Global Audience in

continue reading.....