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.
Discarding a weak economic growth number, markets today rose for the fourth straight day with BSE Sensex gaining 169 points to close at a new 19-month high on hopes of imminent rate cut to revive the slowing economy.
On Tata's retirement in December, 2012, Mistry will take the charge of IHCL.
For starters, the morning meetings at brokerages have been advanced to 8-8.15.
Indian IT (information technology) firms are not unduly worried about the rupee rising against the dollar, at least for now.
Though analysts suggest that there are downside risks to economy, by announcing/advancing general elections, markets would be able to look beyond uncertainty.
Foreign institutional investors have raised their stakes in India Inc by acquiring close to two of every five equity shares held by the in the top 100 listed firms.
The Bombay Stock Exchange's benchmark Sensex crashed by 580 points to 15,484 at 1230 hours on Wednesday as operators succumbed to fresh selling pressure amid a rapid pullout of foreign capital as a poor manufacturing outlook for China and weaker-than-expected growth in the United States spurred fresh fears of a global slowdown.
So as we can see, the appreciation of the yen to 112 yens to a dollar, has led to the profit of the carry trade investor coming down drastically to 1.78 per cent.
The shares of the company, which operates radio station Big 92.7 FM, opened at Rs 89.75 and soon gained momentum to touch a high of Rs 138.40 on the BSE.
In a surprise move, ABG Shipyard on Wednesday exited the race to acquire Great Offshore and sold its 8.2 per cent stake to three financial investors. The ABG move comes after seven months of intense rivalry with Bharati Shipyard through a series of competitive counter-bids.
Foreign pension funds are making a beeline for India despite the turmoil in global markets.
Tech results are supposed to be lack lustre, says market expert Pranav Sanghavi.
R Com has and will continue to surprise the markets on a positive note, says stock market expert Madhusudan Sarda.
Check out the historic rise of the BSE Sensex over the years.
Sensex had opened on a shaky note at 15,838.63 but managed to recoup all the losses and rebound into the positive terrain for a short while to touch a high of 15,957.06. However, the weak opening of the European markets, coupled with subdued Asian markets, pushed the index into the red and slip to a low of 15,330.56. Intraday volatility on the bourses was high and the index moved in the range of 627 points in the day.
RPG Group company KEC International on Tuesday said that it would acquire US-based SAE Towers Holdings for $95 million.
Two Anil Ambani group companies, Reliance Power and Reliance Natural Resources, on Monday said their respective shareholders have approved merger between the two entities, estimated to create a Rs 50,000-crore (Rs 500 billion) entity.
The India growth story is still intact, and fall in the Indian stock markets is an imported one and if the government succeeds in legislating the GST and Land Bill, India could yet emerge as a winner believe stock market experts
The super-rich club is shrinking at a dizzying pace. Over 100 billionaires (net worth of Rs 100 crore and above) have turned millionaires courtesy the decline in share prices over the last six months.
The board of directors of Indian Oil Corporation on Wednesday decided to sell up to 50 per cent and 20 per cent of its take in Gas Authority of India Ltd
BSE revises special margin on 40 scrips.
Orchid Chemicals & Pharmaceuticals on Monday said it has received US health regulator's approval to sell anti-epileptic levetiracetam tablets in the American market.
Challenging the Bombay Stock Exchange, which has applied to register Sensex as its trademark, Deepak Mohoni, a stock market analyst in Pune, has filed his own plea with the Trademark registry claiming that the word had been coined by him to denote the BSE sensitive index in his newspaper columns before BSE started using it.
According to market sources, Jhunjhunwala will acquire a significant minority stake in Pipavav.
Pharmaceutical major Dr Reddy's Laboratories Ltd on Tuesday said it will offer up to 13.5 million American Depositary Shares.
Here are the 10 biggest falls in the Indian stock market history:
Wellwin Industries has been approved as original equipment maker vendor for supply of starter motors for two-wheelers to Italy's Piaggio & CSPA, the Bombay Stock Exchange said on Thursday.
Drug-maker Ranbaxy Laboratories on Thursday said it has received the US health regulator's approval to market Quinapril Hydrochloride and Hydrochlorothiazide tablets, used in treatment of high blood pressure, in different strengths in America.
Though the overall cash level till July is not available, equity experts say cash holdings are on the rise.
The trading will commence from 9:45 am to 3:30 pm instead of 9.55 am to 3.30 pm in the Equity and Equity Derivatives segments on all business days.
For being listed on the index a scrip must have the minimum free-float market capitalisation of Rs 100 crore.
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.
Financial Technologies India Ltd, the main promoter of India's largest commodity exchange MCX, on Thursday said it has acquired 90 per cent stake in a South Africa-based ICX Platform (Pty) Ltd for $1.5 million (about Rs 6 crore).Financial Technologies has acquired 90 per cent stake in ICX Platform (Pty) Ltd, a technology company situated at Johannesburg, South Africa, the firm said in a filing to the Bombay Stock Exchange.
It was the worst Budget day today for Dalal Street with the Bombay Stock Exchange index Sensex plunging over 850 points - the biggest fall on any Budget day - on concerns of widening fiscal deficit.
Hotel Leelaventure Ltd on Friday said it has acquired the majority stake in Kovalam Hotels Ltd.
The trend has attracted the attention of fund managers who have resumed launching products targeted at HNIs.
Country's largest lender State Bank of India on Wednesday said it has selected US-based Elavon Incorporation and Visa International as its joint venture partners for merchant acquiring business. Merchant acquiring business is facilitation of payment through debit or credit card at the retail outlets.
The Bombay Stock Exchange benchmark Sensex on Monday suffered the third-biggest fall of the year and ended below the 15,000 level by losing nearly 438 points on weak Asian and European trends, as investors booked profits on an 88 per cent rally since early March.
