Stocks of sugar companies rose after the development. At the Bombay Stock Exchange, Bajaj Hindusthan, India's biggest producer, gained 4.25 per cent to close at Rs 121.35, Balrampur Chini gained three per cent and closed at Rs 88 while Renuka Sugars gained four per cent to Rs 68.
Auto major Mahindra & Mahindra on Monday said it has entered into an agreement to acquire a majority stake in beleaguered South Korean vehicle maker SsangYong Motor Company. In a filing to the Bombay Stock Exchange, Mahindra & Mahindra said that it has "signed a memorandum of understanding with SsangYong Motor to acquire a majority stake in the South Korean SUV maker."
Taking its price war with main rival National Stock Exchange (NSE) up a notch, the Bombay Stock Exchange (BSE) has announced the waiver of all transaction charges for brokers from semi-urban areas with effect from next month.
IT firm iGate Patni on Monday said it has bagged a contract worth $30 million (nearly Rs 133 crore) from US-based Weyerhaeuser NR to provide and manage IT infrastructure service operations.
Rediff.com's Shailajanand Mishra discovers that the Sensex has fallen 12 times on the 20 Budget Days since this century began.
SKS stock has been highly volatile, amid several controversies around the company and the sector.
The Bombay Stock Exchange's benchmark index -- Sensex -- plummeted by over 300 points in opening trade on Monday as panicky fund managers and retail investors gave into selling pressure for the fourth consecutive session, prompted by weak global cues amid concerns over the unrest in Egypt.
Corporate giant Reliance Industries (RIL) on Tuesday said it has allotted 1.6 lakh shares to its employees under the Employees Stock Option Scheme (ESOP).
The total income of the company rose by 18.87% to Rs 87,477 cr.
Essar wants reverse merger of Essar Telecom Holdings Ltd into its listed group firm, India Securities Ltd.
The loan is funded by a consortium of banks led by Australian and New Zealand Banking Group Ltd, BNP Paribas, Credit Agricole Corporate and Investment Bank, DBS Bank Ltd and Intesa Sanpaolo Spa, RCom said in a filing to the Bombay Stock Exchange.
Interestingly, the shares sold by Citigroup Global Mauritius in the open market through the block deal counter of the Bombay Stock Exchange have been bought by another private fund house Credit Suisse (Singapore) at the same price.
The Bombay Stock Exchange's benchmark 30-stocks index -- the Sensex -- tumbled by over 500 points on Friday on fears that the Reserve Bank of India will increase interest rates to curb surging inflation.
India's oldest exchange, the Bombay Stock Exchange (BSE), has approached the Securities and Exchange Board of India (Sebi) for listing its shares. Sources said the listing would be through an initial public offering. This will make BSE India's first listed exchange.
The mood in India is upbeat as it celebrates R-Day.
The workers also said they are willing to end the stir provided all 11 of their sacked colleagues are reinstated.
The Bombay Stock Exchange, the National Stock Exchange, the interbank foreign exchange market and overnight call money/government securities market will remain closed on Wednesday.
Bombay Stock Exchange (BSE) shares have lost more than a third of their value in the last six months, as a lacklustre market has hurt volumes in the exchange's cash segment and several efforts to revive its derivatives segment are yet to show results.
Colgate Palmolive, which sells oral and personal care products under the Colgate brand, said the ongoing strike will not have any impact on its business as it has made alternate arrangements to tackle it.
The country's largest car-maker Maruti Suzuki India on Monday said its Manesar plant has stopped functioning, resulting in a production loss of about 1,200 units so far as a workers' strike entered the third day.
Investor wealth plummeted by nearly Rs 5 lakh crore in early trade on Monday as equity markets crashed tracking global equity selloff amid rising uncertainty over the economic impact of coronavirus outbreak. Market capitalisation (m-cap) of BSE-listed companies saw a massive decline after the 30-share index plunged 1515.01 points, or 4.03 per cent, to 36,061.61. The NSE Nifty too cracked 417.05 points, or 3.80 per cent, to 10,572.40.
Bonus shares are free shares given to the existing shareholders of a company
On Wednesday, BSE announced advancing trade timing to 9.45 am, from 9.55 am. NSE reacted to the unilateral decision, saying it would start at 9 am. BSE quickly followed suit and announced it would also start trading at the same time.
Mahindra & Mahindra on Friday confirmed its bid to acquire the Romanian government's stake in SC Tractorul UTB SA, Brasov.
Glenmark said it along with its US-based partner has got the US health regulator's nod to manufacture and market two oxycodone products, used for treating moderate to severe pain, in the American market. The company's US arm, Glenmark Generics Inc and Lehigh Valley Technologies (LVT) have received US Food and Drug Administration nod for Oxycodone immediate release capsules, the company said in a filing to the Bombay Stock Exchange.
The trust has been created to fund various social, not-for-profit initiatives, which are expected to scale significantly over the next few years.
EdServ founder S Giridharan speaks about how he became an entrepreneur and chose the field of education to work in.
Exchange to launch mutual fund trading platform; BSE set to follow.
Meanwhile, market regulator Securities and Exchange Board of India said in a statement the reports suggesting that MNS has asked it to provide Marathi as an option on its website were erroneous.
Thermax Ltd has set up a wholly-owned subsidiary in Hong Kong named Thermax Hong Kong Ltd to exploit business opportunities in the Asia Pacific region.
GMR Infrastructure on Tuesday said it plans to raise Rs 50 billion (Rs 5,000 crore) by selling shares in domestic as well as international markets.
Bilateral trade was close to $4.2 billion last year, said Canadian Minister of International Trade Peter Van Loan. "Both the Governments have set a target of increasing the mutual bilateral merchandise trade to USD 15 billion in the next five years.
India will continue to attract fund allocations from foreign investors next year as well and the 30-share Bombay Stock Exchange (BSE) Sensex would touch 23,000 levels by end-2011, a study by the asset management arm of ING said.
The first phase of this online platform will be in place by March 2010
In dollar terms, the Nifty has gained 26.7 per cent in this year, while the Sensex has advanced 25 per cent during the same period.
"The scope of SFIO investigation include looking into the state of affairs of the company and its subsidiary Sesa Industries Ltd, in respect of mismanagement, malpractices, financial and other irregularities."
Recent rally in Indian shares may not last long.
Buy-back worth Rs. 1,000 crore will be funded from investments made by the company in liquid and marketable securities.
This cashless transaction is a part of corporate debt restructuring agreed by banks and the airline company.
Market experts predict that the equity markets are likely to remain volatile for the rest of the year.
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