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Magma Fincorp picks up 7 per cent in Experian India
Magma Fincorp Limited, a leading asset finance company, has picked up seven per cent stake in Experian Credit Information Company of India Pvt Ltd, the Indian Credit Information Company (CIC) arm of the global information services company, Experian.

SET Max making another pile from IPL ad revenue
SET Max, the official broadcasters of the Indian Premier League (IPL)cricket tournament, has already hit a sixer with the third edition of the twenty20 league. The channel is estimated to rake in over Rs 650 crore, 30 per cent higher than it got in IPL-2.

News of the day

Oman Oil pays 50% premium to up stake in Bina Refinery
Oman Oil Company (OOC) has paid a full 50 per cent premium for a re-entry into the Rs 11,397-crore Bina Refinery project of the state-run Bharat Petroleum Corporation (BPCL).
Corporate

Sensex swings zones; DLF slips 4%

The Sensex is swinging between zones owing to alternate bouts of buying and selling. The index is now at 16,878, down 34 points. - New market timings from Jan 4 ">New market timings from Jan 4 - Sensex trades flat; IT index firm - Bhushan Steel up on Sumitomo tie-up - Sensex weak in opening trades - Sensex opens soft - Pre-market: Bias still negative Hindalco and TCS have soared 2% each to Rs 145 and Rs 724, respectively. HUL, Sun Pharma and Wipro have added 1% each at Rs 267, Rs 1,584 and Rs 679, respectively. DLF is the major loser on the Sensex, down 4% at Rs 364. Bharti Airtel has slipped 2% at Rs 318. Reliance Infrastructure and HDFC Bank are down 1% each. The market breadth is positive, out of 2,580 shares traded, 1,670 have advanced and 823 have declined so far on the BSE.


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