Following the stake sale buzz, shares of the company opened higher and further zoomed 8.51 per cent to Rs 47.80 on the Bombay Stock Exchange.
Shriram Transport Finance plans rights issue.
The Bombay Stock Exchange's 30 share benchmark Sensex is trading 5.69 per cent lower so far this year.
With an FIR filed against it and its stock taking a beating amidst allegations that its account books were manipulated by its promoters, Educomp seems to be in trouble. Managing Director Shantanu Prakash explains the company's stand.
'Trading is about psychology; 75% of it is about keeping your emotions in check.'
New Delhi Television Ltd has declared a dividend of 20 per cent for the financial year 2004-05.
Bajaj Tempo Ltd has approved change in the name of the company to 'Force Motors Ltd'.
Shares of Reliance Natural Resources Ltd on Friday surged over nine per cent on the Bombay Stock Exchange after the Bombay High Court issued an interim order restraining Reliance Industries from selling natural gas from KG gas field to a third party.
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.
It is second only to the disastrous 2008.
There is no way out for Mallya's debt problems unless he sells some of his stake, says an analyst.
In a late surge on Thursday, Jet Airways shares soared 9.7 per cent to close at Rs 408.5 on the Bombay Stock Exchange on speculation the airline's promoters had initiated talks to sell stake in the company.
The National Stock Exchange on Wednesday removed Satyam from its benchmark index Nifty and the IT firm will be replaced by Reliance Capital with effect from January 12.
The Bombay Stock Exchange has declared a trading holiday on October 13 on account of the Maharashtra Assembly elections.
The Bombay Stock Exchange is selling 41 per cent stake to 20 investors, including domestic and foreign financial institutions, for about $ 384 million - the biggest private placement of equity ever in the country.
The boards of Bayer India and Bayer Cropscience India Ltd on Monday approved the merger of the two firms, the Bombay Stock Exchange said.
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.
The Securities and Exchange Board of India (Sebi) is mulling changes to the 'fit & proper' criteria for market infrastructure institutions (MIIs), such as stock exchanges, in a bid to segregate the role of an individual from the entity, said sources. Under the current framework, wrongdoing by senior personnel could lead to a debarment of the MIIs such as stock exchanges, depository participants and clearing members-with quite a few such instances in the past. Additionally, Sebi is also mulling to introduce a clause through which any order passed against an MII will not affect their operations, unless it is specifically mentioned so in the order.
Small cap stocks can sometimes surprise by yielding large returns to investors.
Economists and stock market pundits in India's financial capital could hardly believe Saturday's election result, which seemed tailor-made for investors.
The Bombay Stock Exchange has called off its plan to acquire 26 per cent in the Ahmedabad-based National Multi Commodity Exchange. The deal was terminated just before the resignation of BSE Managing Director and CEO Rajnikant Patel.
On the NSE, the stock tanked 10.19 per cent to a low of Rs 2,219.
Markets are neither bullish nor bearish. They always reflect some fundamental or technical reality.
The acquirer would need to place an order before tendering period.
Switzerland-based bank Credit Suisse said on Tuesday it expects the Bombay Stock Exchange's 30-stock barometer Sensex to touch the 22,000 mark in 12 months.
The company reported consolidated net profit at Rs 1,780 crore (Rs 17.8 billion) as against Rs 1,737 crore (Rs 17.37 billion) in previous quarter, a growth of 2.48 per cent (based on IFRS - International Financial Reporting Standards).
A problem in the software, which was unable to send trade confirmation to the members, compelled BSE to shut trading from 12 pm to 2.30 pm.
"Because of the technical problems being faced by trading members in trade confirmation, it has been decided to close the market at BSE from 12 noon to 1 pm on November 1, 2010," the BSE said.
The 50-share National Stock Exchange index Nifty rose 124.85 points to 4,523.75. It touched the day's high of 4,532.40 and a low of 4,405.95. Major gainers that supported the Sensex were Reliance Industries, Infosys Technologies, ICICI Bank, ITC Ltd and Maruti Suzuki. All the five carry nearly 34 per cent weight on the index.
Rajnikan Patel, CEO and managing director of the exchange, tells Business Standard in an interview that BSE remains in talks with global exchanges to offload equity.
Index heavyweights were the top losers along with bank shares.
Pantaloon Retail India Ltd said on Monday it has signed a memorandum of understanding with Manipal Health Systems Pvt Ltd to form a joint venture healthcare company.
Indiabulls Properties, the real estate arm of Indiabulls Financial Services, is planning to file an appeal in the Supreme Court against the Bombay High Court order setting aside the sale of land owned by National Textile Corporation in Mumbai.
Investors can take exposure in such schemes. Selection of funds, however, is very important
TV Today stock rises 15.23% on sale buzz
Infosys announced its first quarterly results on Friday. Th software major's Q1 net stood at Rs 1,527 crore, up 17.28%.
A weak rupee and strong global markets make a case for investing in foreign funds, but themes have to be chosen carefully.
