Monday, August 16, 2010



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Intraday calls for 17-08-10

Posted: 16 Aug 2010 07:51 PM PDT

Markets likely to open flat. Resistance for nifty is at 5500 and support at 5350. Buy EIH Ltd at 135, Target: 142, SL: 131 View Market hour calls ...

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Non-compete fee: Cairn’s investors to lose Rs 3,570 cr

Posted: 16 Aug 2010 06:51 AM PDT

Public shareholders of Cairn India will lose out on a whopping Rs 3,570 crore to the promoters who would be only beneficiary of a non-compete fees to be paid by its suitor, London-listed Vedanta group. The non-compete fees, which market regulator Sebi had already proposed to abolish, are...

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