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BSE Sensex extends recovery after recent falls
The BSE Sensex and Nifty gain 0.6 percent, extending a recovery after recent falls. Tata Motors gains 1.8 percent ahead of earnings due later in the day. Bargain hunting also boosts some blue chips. Reliance Industries up 0.7 percent. Morgan Stanley upgraded Reliance Industries to "equal-weight" from "underweight", citing attractive valuations. Tech stocks like Infosys gaining 1.1 percent, while

Morgan Stanley downgrades RComm, Idea Cellular

Morgan Stanley has downgraded its view on India's telecom sector to "in-line" from "attractive", citing increased regulatory risks tied to the spectrum auction, and "relatively weaker" 3G outlook.

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Morgan Stanley upgrades Reliance Industries

Morgan Stanley upgrades Reliance Industries to "equal-weight" from "underweight", maintaining its target price at 703 rupees, citing attractive valuations. Despite Morgan Stanley's "unconstructive"

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X factor emerges in FSA case against ex-UBS employee
A mysterious Mr X has surfaced in the UK Financial Services Authority’s (FSA’s) case against former UBS employee Sachin Karpe.

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OIL keen to pick majority stake in RGTIL Q4 net falls 21%

State-owned oil exploration and production company Oil India Ltd (OIL) on Monday said it was keen to acquire a 51 per cent stake in the Mukesh Ambani-owned Reliance Gas Transportation

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No surety on debt reduction yet

Reliance Communications’ (RCom) stock spurted 2.5 per cent after it announced a 78 per cent jump in earnings for the quarter ended March to Rs 332 crore. In addition to the results,

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