A half-brother of Ratan Tata, Noel will step down as the MD of the group's retail venture, Trent Ltd
Earlier in February, Daiichi Sankyo had announced it would launch an open offer for Zenotech to acquire 68.85 lakh shares or a 20 per cent stake. Daiichi had said it would pay up to Rs 78.23 crore (Rs 782.3 million), at Rs 113.62 a share, to Zenotech shareholders for the stake in the open offer, which was scheduled to begin on July 15 and close on August 3.
Private steel maker JSW Steel on Tuesday said Japan's steel major JFE will buy 14.99 per cent stake in the company for over Rs 4,800 crore (Rs 48 billion), a move that may help the Indian company reduce its debt.
People like Ramesh, who sells roasted chickpeas for a living, have no stake in one of the country's biggest extravaganzas -- the Union Budget. Ask him about the Budget and its impact on people like him and he smiles at you as if you are talking Greek or Latin. He is representative of a vast swathe of India's poor, whose lives the powers-that-be feign to improve by an exercise like the Budget.
M&M said the ongoing economic slowdown in the automotive industry was mainly on account of inadequate funding and high interest cost. The company's domestic sales in November were down by 41.55 per cent at 10,430 units compared to 17,844 units last year.
Tata Consultancy Services Ltd informed the Bombay Stock Exchange on Wednesday that its revenues for the first quarter of 2010-11 increased by 6.21 per cent over the previous quarter to Rs 8,217 crore (Rs 82.17 billion).
The Bombay Stock Exchange and National Stock Exchange will remain closed on Thursday in the wake of the terror attack in Mumbai.
The country's largest private sector lender ICICI Bank on Friday said it has raised $500 million through an issue of bonds in the international market.
The country's largest private sector lender ICICI Bank on Friday said it has raised $500 million through an issue of bonds in the international market.
Shares of Indian software majors have plunged into red on news that BP would cut its spend on information technology.
A leading association of stock brokers today asked both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) to maintain status quo on trading timings until the infrastructure required for extending the hours was in place.
For an investor, gold is a necessity in the portfolio.
All employees of India's second largest information technology services company, Infosys, will get a stock bonanza on its 30th birthday on July 2.
Japan's Sumitomo Mitsui Banking Corporation on Wednesday announced that it would invest Rs 1,366 crore (Rs 13.66 billion) for a 4.5 per cent stake in private sector lender Kotak Mahindra Bank.
The company has allotted 21,173 shares of Rs 10 each to its employees on June 1, RIL said in a filing to the Bombay Stock Exchange. RIL is engaged in polymers, chemicals, fiber intermediates, petroleum, textiles and procurement business.
Meanwhile, the company lost 66 clients, worth $183 million (around Rs 900 crore) in the same period -- either because contracts were terminated, or they expired, or were withdrawn. About 23 customers terminated contracts accounting for $70 million as on March 26, 2009.
The Bombay Stock Exchange brokers plan to take up extending trading hours with the Prime Minister and market regulator Sebi.
"We think it (the Sensex) will be at 19,000 points by March, barring some really exceptional happening," the firm's managing director and chief executive officer, Madhabi Puri Buch, said.
The development follows the acquisition of 37.5 per cent stake in the air-carrier by South-India based media baron, Kalanithi Maran.
The boards of Bayer India and Bayer Cropscience India Ltd on Monday approved the merger of the two firms, the Bombay Stock Exchange said.
The BSE would also launch soon a Corporate Bond Repo, another new product for the Indian market.
Through Micro Lost Mobile Tracking System, Micro Technologies would provide security to the mobile handsets of Airtel subscribers, the firm informed the Bombay Stock Exchange. The application would have a software in the GSM enabled mobile handsets that would inform the user about the new mobile number, which replaced the original number, through an e-mail, Micro Technologies said.
Following Reliance Communications' announcement last week accusing Videsh Sanchar Nigam Limited of delaying implementation of an international tribunal order, VSNL said on Wednesday the announcement contained false imputations against it.
'GMR Group today signed an agreement with the international power producer InterGen to acquire its 100 per cent ownership stake in Island Power,' GMR Infra said in a filing to the Bombay Stock Exchange. Island Power is currently developing an 800 MW power facility in Singapore. The project would bring in about $1.5 billion (Rs 72 billion) foreign direct investment in the country.
The Oil Ministry has approved the sale of 10 per cent Government holding in consultancy firm Engineers India Ltd, and a public offering is expected in the second half of July.
All principal markets including the Bombay Stock Exchange, the National Stock Exchange, foreign exchange, money, oils & oilseeds, metals, copra and cotton remained closed on Wednesday on account of Eid-Ul-Fitr.
Just a decade ago, a kind of muscular nationalism was the leitmotif for talent management within Indian corporations. Any suggestion of bringing in foreign talent had managers bristling with indignation.
The IDR was trading at Rs 105.10, up 1.05 per cent, at 0956 hrs. "The Standard Chartered IDR had seen trouble during the initial response.
The group has interests in auto, textiles, engineering, chemical and power sectors, among others. "We think this is a good time to enter the IT sector. Melstar also has a US subsidiary, which gives us entry into this market as well," said PVR Murthy, CFO of YBG. The group is looking at further growth through acquisition, with the current focus on West Asian and South East Asian firms.
The group has interests in auto, textiles, engineering, chemical and power sectors, among others. "We think this is a good time to enter the IT sector. Melstar also has a US subsidiary, which gives us entry into this market as well," said PVR Murthy, CFO of YBG. The group is looking at further growth through acquisition, with the current focus on West Asian and South East Asian firms.
More than seven of 10 independent directors sitting on the boards of listed companies to improve corporate governance are "home" members, while only few women make it to such positions, says a study.
Infosys has opened its first Latin American developmental centre in Mexico.
Sun Pharma's share price jumped 5.62 per cent on the Bombay Stock Exchange after it gained a new ally in its legal battle to acquire Israel's Taro Pharmaceuticals with minority investor Templeton Asset Management switching sides to support Sun's bid.
From today, you will be able to buy and redeem open-ended mutual fund schemes on the National Stock Exchange through your stockbroker. The Bombay Stock Exchange too will follow suit soon.
Wind turbine manufacturer Suzlon Energy on Tuesday said it will raise funds through rights issue to repay its debt.
ICICI Bank on Thursday reported a 16.85 per cent rise in consolidated net profit to Rs 1,567.93 crore (Rs 15.67 billion) for the quarter ended March 31, 2011.
Asia's oldest bourse, Bombay Stock Exchange on Wednesday launched currency derivatives segment (BSE-CDX) that would enable participants to hedge their currency risks through trading in the US dollar-rupee future platform.
As per the outsourcing partnership agreement, Firstsource would manage Barclays' operations center in Colorado Springs and would provide customer care and collection support to its US cardholders, Firstsource Solutions said in a filing to the Bombay Stock Exchange.
It is estimated that the deal could be around USD100 million.
Net profit increased from Rs 4,710 crore (Rs 47.1 billion) in the fourth quarter of 2009-10 fiscal to Rs 5,376 crore in Q4 of 2010-11 fiscal, the company said in a filing to the Bombay Stock Exchange.
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