Wockhardt Ltd said on Wednesday it has completed acquisition of France-based Negma Laboratories for $265 million.
The 50-share National Stock Exchange index Nifty rose by 41.95 points to 4,572.65, after touching the day's high of 4,582.20. Marketmen said trading sentiment turned bullish after President Pratibha Patil presented the agenda of the UPA government in Parliament.
Three sectoral indices -- Realty Index, Oil and Gas Index, and Bankex -- led the sharp fall in stock prices in the last five days, which saw the Bombay Stock Exchange's Sensex suffer its sharpest ever continuous drop. The three indices fell nearly 9 per cent each between January 14 and January 18, 2008. Power, metals, IT, capital goods and consumer goods indices also declined by 5-8 per cent during the week.
Reliance Industries clarifies on news item
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.
The decision is a part of a surveillance review.
The stock-selling spree unleashed by foreign institutional investors over the past one month from November has turned them net sellers in the cash market this calendar year. But the markets have shown resilience mainly due to big buying by insurance companies, say experts.
Sensex valuation has fallen below historical averages, now lags underlying earnings & dividend growth.
In a filing to the Bombay Stock Exchange, Satyam Computer said the last date by which letter of offer will be dispatched to the shareholders has been revised to June nine, from the earlier scheduled date of June three. Further, the last date of withdrawal by shareholders has also been revised to June 26, from the earlier June 27.
'With such brilliant people like Dr Manmohan Singh, Pranab Mukherjee and P Chidambaram around, our \n\neconomic agenda will be the best,' says Congress leader Jairam Ramesh, who is in charge of drafting the \n\nnew government's Common Minimum Programme.
The domestic stock markets witnessed their biggest fall in over a month as investors booked profits on fresh concerns about the financial sector and fears of a flu pandemic dampening sentiment worldwide.
The company has received a tentative approval for the company's abbreviated new drug application for Eszopiclone tablets from the US Food and Drug Administration, Lupin said in a filing to the Bombay Stock Exchange.
Strides Arcolab Ltd's, US subsidiary Strides Inc and STADA Pharmaceuticals Inc, the US subsidiary of STADA Arzneimittel AG, have signed a development and supply agreement for a prescription generic drug product for the US market.
An analysis of 989 companies that account for 52 per cent of the total market capitalisation on the Bombay Stock Exchange shows net profit growth of 2.7 per cent over the previous year was reported mainly due to strong profit numbers registered by players in banking, cement, information technology, pharmaceuticals and fast moving consumer goods.
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.
The Bombay Stock Exchange (BSE) on Tuesday launched Sensex mobile streamer, a platform that would allow investors to access streaming Sensex data at their fingertips.
Sixty out of 154 mutual funds have underperformed their benchmarks by over 30 per cent
Buckling under pressure from market regulator Securities and Exchange Board of India, Bombay Stock Exchange and the investors, the Gujarat government-backed Sardar Sarovar Narmada Nigam Ltd on Friday postponed the May 28 meeting
Reliance Energy Ltd said on Thursday it has got shareholders' approval for the merger of Reliance Energy Ventures Ltd with itself.
Anil Ambani-controlled entertainment company Adlabs Films Ltd said on Thursday it will acquire a majority stake in Synergy Communications Pvt Ltd.
The board of directors has considered the proposal entailing the demerger of Indiabulls Securities on a going concern basis and plans to list the resulting entity after the demerger, Indiabulls Financial informed the Bombay Stock Exchange.
Investors on Dalal Street seem to have nothing to fear as over 228 scrips on Wednesday surged to their upper circuit levels, even as the benchmark index Sensex had plunged 10 per cent to touch its lower limit in the morning trade. As per the data available on the Bombay Stock Exchange, 228 scrips across all groups touched their upper circuit limit, representing the cap on the upward movements, while just 132 stocks touched their floor limit.
In a filing to Bombay Stock Exchange, the IT major said that ". . .it plans to add approximately 200 new jobs in the next fiscal at its Cumberland location in Cobb County and expects additional expansion in the metro Atlanta area over the next couple of years."
Dr Reddy's Laboratories on Wednesday said it has acquired GlaxoSmithKline's US penicillin manufacturing facility and the rights to the Augmentin and Amoxil brands in the United States for an undisclosed sum.
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.
Shares list at 21% premium over offer price of Rs 825.
The board of directors of Visualsoft Technologies, which met on Wednesday, have decided to amalgamate Applabs Technologies and Esolutions with the company on stock-swap basis.
Aviation stocks - Jet Airways, Deccan Aviation, SpiceJet and Jagson Airlines - closed at their 52-week highs on the Bombay Stock Exchange on Tuesday in falling market. All the four stocks gained between 5 per cent and 20 per cent on Tuesday.
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.
Shareholders of Bombay Stock Exchange approved a bonus issue of 12:1 at an extraordinary general meeting held in Mumbai on Friday. The face value of the BSE share is Re 1.
The hammering in the stock prices of the company, that was promoted by the family of disgraced Satyam founder B Ramalinga Raju started from January 7, the day Raju made public an about Rs 7,800-crore (Rs 78-billion) fraud. Shares of the company fell five per cent immediately after opening on the BSE and the National Stock Exchange and witnessed lows of Rs 117 on BSE and Rs 116.75 on NSE. On the volume front only 525 shares were traded on the bourses.
HCL Technologies Ltd said on Tuesday its wholly-owned subsidiary HCL Australia Pty will enter into a partnership with La Trobe University, Australia, on Wednesday to work together on issues of mutual interest. \n
The Reserve Bank of India will be closed on Wednesday as Maharashtra holds the assembly elections.
In a disclosure to the Bombay Stock Exchange, Spicejet said that over 18.52 lakh equity shares of the company, pledged by Kal Airways have been released.
