Market wealth worth Rs 1,06,838 crore (Rs 1,068.38 billion) was eroded on Monday as the 30-scrip BSE Sensex reported a record fall of 400 points in a single day, the highest in the last six months.
The company will go in for a pre-IPO private placement of 15 per cent of the shares to be offered through the issue.
The Indian market on Tuesday displaced its South Korean counterpart to attain the fourth position in the market cap rankings for the Asia Pacific region, with a total market cap of $821 billion.
Videocon Industries Chairman and Managing Director Venugopal Dhoot told Business Standard the company had already started production of PCs -- 3,000 a month -- at its Taratola facility in Kolkata.
The Vedanta group's Rs 3,600-crore (Rs 36 billion) alumina refinery in Orissa's Kalahandi district is likely to clear the final hurdle soon.
Barclays Plc, UK's third-largest bank by assets, plans to enter the emerging credit card market in India.
The battle for Corus is expected to take a decisive shift this week, with the pension trustees of the Anglo-Dutch steel company expected to meet the representatives of Brazil's CSN to understand its commitment to the workers' pension.
Tata Steel is bracing to deliver what investment bankers say will be a knockout punch to its competitor, Brazil's Companhia Siderurgica Nacional
Company says no project in Jharkhand without allotment of SAIL-owned Chiria mines.
The Tata Steel board will meet shortly to take stock of the situation arising out of Brazilian steel-maker Companhia Siderurgica Nacional's move
Talks on to buy stake in Cape Lambert, set up plant for Rs 3,500 cr.
The launches will include new cars from General Motors, Tata Motors, Hyundai, Maruti, Volkswagen, Skoda, Mahindra-Renault, Honda, DaimlerChrysler and BMW.
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