According to market sources, Jhunjhunwala will acquire a significant minority stake in Pipavav.
With the Bombay Stock Exchange (BSE) benchmark Sensex racing towards its all-time high, retail and high net worth individual (HNI) investors are flocking towards public issues.
The Bombay Stock Exchange Ltd, India's oldest stock exchange launched mobile-based trading on Monday through its 33 leading brokers, a senior Exchange official said.
A day after Standard & Poor's (S&P) came out with its report on how India could be the first among Brazil, Russia, India and China (BRIC nations) to lose its investment-grade rating, markets shrugged off the concern, ending in the green.
Though the overall cash level till July is not available, equity experts say cash holdings are on the rise.
Most pundits see room for a market correction in the light of domestic issues, especially the falling rupee and a lack of reforms, coupled with looming global uncertainties.
Hit by weak GDP growth estimates, the Sensex on Thursday fell by 59.40 points to close at one-and-a-half month low of 19,580.32, completing six days of losses -- the longest string since November.
It is second only to the disastrous 2008.
The National Stock Exchange, Bombay Stock Exchange, MCX Stock Exchange and United Stock Exchange have been invited for the August 6 meet.
In a departure from big gains in the past two years, investors saw around Rs 20 lakh crore of their wealth eroded as Indian equities tanked in 2011 because of inflation, high interest rates and the uncertain global growth environment accentuated by the euro zone debt crisis.
The permission was given to the company to make the postal stamps available to its customers as a value addition.
Infosys announced its first quarterly results on Friday. Th software major's Q1 net stood at Rs 1,527 crore, up 17.28%.
At end of trade on Thursday, ONGC commanded a market value of Rs 2,90,587 crore.
The consolidated net rose 22 per cent year-on-year.
Economic reforms and stable crude oil prices could drive the Sensex up to 20,000 points by March next year, brokerage company Kotak Securities said.
Last year, Ranbaxy Laboratories' managing director and chief executive officer Atul Sobti had stepped down from his positions effective August 19, and was replaced by Arun Sawhney, who was the then president of the company's global pharmaceutical business.
Hindustan Unilever on Tuesday reported 15.59 per cent jump in net profit at Rs 871.36 crore (Rs 8.71 billion) for the third quarter ended December 31, 2012, on account of robust sales across various business verticals.
Smart order routing (SOR) has finally taken off in India, with the country's two premier bourses resolving their long-standing dispute over the audit trail of orders. SOR allows brokers' trading engines to automatically choose the best price for stocks from multiple exchanges.
UBS Securities, broking arm of the largest Swiss bank, and Australia's Macquarie Equities Research are the most bearish.
The market breadth in BSE ended flat with 1333 shares advancing and 1393 shares declining.
Foreign institutional investors have offloaded shares worth nearly Rs 3,000 crore (Rs 30 billion) in 23 Indian companies, such as mortgage lender HDFC and Bombay Dyeing, among others, so far in 2011.
Mega star Amitabh Bachchan, known as the Big B of the Bollywood, invests in small and mid-sized companies as well when it comes to stock market purchases, and is sitting on losses on some of his recent investments.
Hopes of global growth recovery supported risk-on sentiments.
After equity indices of emerging markets, Indian investors will now be able to trade the key index of the UK. The National Stock Exchange (NSE) will launch trading in the FTSE 100, the UK's benchmark equity gauge, from May 3.
TV Today stock rises 15.23% on sale buzz
Investor associations and some senior auditors said companies were being less transparent and putting investors to inconvenience by denying them the complete picture of their financials.
A weak rupee and strong global markets make a case for investing in foreign funds, but themes have to be chosen carefully.
Jet settled higher by 2.35 per cent at Rs 623.40 on the Bombay Stock Exchange.
The MNS shot off a letter to the BSE authorities demanding a website in regional Marathi language to benefit the local investors.
This is the company's first business process outsourcing centre in the South-East Asia and the latest addition to the company's Global Network Delivery Model, Tata Consultancy Services said in a filing to the Bombay Stock Exchange.
Power and automation major Siemens Ltd on Wednesday said it has bagged an export order worth Rs 1,000 crore (Rs 10 billion) from Qatar.
The Bombay Stock Exchange benchmark Sensex has declined 17 per cent in this calendar year and has underperformed the US and European markets.
Following the market buzz, the stock opened the day on a bullish note and further jumped 6.13 per cent to Rs 590 on the Bombay Stock Exchange.
Some state-run banks made 10,000-13,000 per cent gains on their holdings in the Multi Commodity Exchange (MCX) after the latter commodity bourse made an impressive listing on Friday.
ICICI Bank, the country's largest private sector lender, has revised allowances paid to its executive directors, including that of its managing director and CEO Chanda Kochhar.
All sectors are expected to deliver positive growth, with huge positive growth swings in pharma, telecom, infrastructure, real estate, metals and auto.
Essel Propack Ltd on Wednesday said its managing director Cyrus Bagwadia has resigned from his post and the board.
BSE's business was hurt as NSE blocked the flow of orders generated using its co-location facility to other exchanges, purportedly on security-related issues. The dispute between both the exchanges had reached Sebi and the finance ministry.
This includes a premium of Rs 2,181.69 on a share with a face value of Rs 10 each.
When the markets are falling or rising consistently, stocks hitting upper or lower circuit is a common feature. It also means that investors, especially in a falling market, might find themselves unable to exit - at least immediately - from a stock that has hit lower circuit.
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