Legal hurdle cited in I-T action against 32,000 entities.
The Bombay Stock Exchange has suspended trading in 52 companies with effect from September 20 for failing to comply with various provisions of the listing agreement.
The markets regulator made it easier for banks to acquire control in listed companies.
Kishore Biyani led-Future Group has filed a caveat before the Delhi high court requesting it to be heard if any plea is filed by e-commerce major Amazon over its Rs 24,713 crore deal with Mukesh Ambani-led RIL. Anticipating a move by Amazon, which had got an interim arbitration award in its favour, putting the announced deal on hold, the Future Group firm has moved the Delhi high court.
Among the Sensex firms, HCL Technologies, Tata Motors, Hindustan Unilever, NTPC, IndusInd Bank, Bajaj Finserv, Bajaj Finance and Mahindra & Mahindra were the major gainers. Bharti Airtel, Reliance Industries, ICICI Bank and Asian Paints were the laggards.
Indiabulls Financial Services Ltd on Thursday said it has priced its global depository receipt issue at $5.42 per GDR or Rs 235 per share of Rs 2 each, taking value offering to $130.8 million.
Tata Power Company plans to raise up to $500 million from the international markets to meet its capital expenditure programme.
Dabur India Ltd has sold its entire stake in its French cheese-making joint venture, Dabon International Pvt.
Infrastructure developer GMR Infrastructure said on Wednesday it has tied up with Plaza Premium Lounge of Hong Kong for maintaining and managing lounges at the New Hyderabad International Airport.
Citigroup has made an open offer to acquire 20 per cent stake in textile company JBF Industries Ltd at a price of Rs 46.50 per share.
Sahara One Media & Entertainment Ltd said it will raise 50 million dollars through issue of equity shares or Foreign Currency Convertible Bonds in international markets.
While managing their finances, individuals can make it a rule to seek advice from an expert or feedback from a trusted colleague or friend.
Diversified company GHCL, part of the Dalmia Group, said on Monday its step down subsidiary Best Textiles International in USA has acquired assets of Best Manufacturing Group LLC for $35 million.
Satyam Computers on Monday said it plans to launch the Satyam School of Leadership, a corporate university, to develop and nurture leaders to accelerate the company's growth.
Proposals for listing of AAI and Pawan Hans have been made in the Draft Civil Aviation Policy, released by Raju.
Leading global provider of banking, insurance and financial technology solutions, Polaris Software Lab Ltd on Monday said UK-based Llyods TSB has selected its 'Intellect Suite' as the banking solution for the international cash management offering.
London Stock Exchange is wooing Indian companies by relaxing the new accounting norms, which have been introduced recently by the European Union.
Pharma major, Dr Reddy's Laboratories Ltd on Wednesday said it will form an integrated drug development company 'Perlecan Pharma Pvt Ltd' with an equity capital of $52.5 million from two venture capital investors.
Bangalore-based Sasken Communication Technologies has lost a case to 3g.com in an international arbitration court, and has been asked to pay $1.15 million as damages for failing to supply products under the terms of a contract between them.
Five-year time frame for 'slow process of integration'. Bajaj Auto, through its 100 per cent Dutch subsidiary, Bajaj Auto International Holding BV, will buy the additional stakes in the Vienna Stock Exchange-listed KTM on-behalf of the company.
In a notice to the stock exchanges a few days ago, DLF declared that it was going to consider international acquisitions and investments in development projects abroad. Ansals API tied up with Malaysia's UEM Group to form a 60:40 joint venture company, Ansal Api-UEM Contracts Pvt Ltd, which could bid for government projects in Malaysia, as also projects worldwide.
The Mumbai-based Narsee Monjee Institute of Management Studies, in association with the Bombay Stock Exchange, has launched a two-year full-time MBA In Capital Markets programme.
Stock markets squandered early gains but managed to end in the green on Friday, propped up by heavyweight Reliance Industries which announced another stake sale deal for its digital platform. A strengthening rupee and firm global cues also supported the domestic bourses, traders said.
In a first for India, bullion derivatives contracts will be settled on a blockchain platform. This will help in global acceptance of gold refined by Indian bullion refineries, giving a fillip to the local industry, exports, as well as investments. From November 1, the National Stock Exchange (NSE) will accept gold delivery only on the blockchain platform.
The mysterious Himalayan 'yogi' who allegedly advised Chitra Ramkrishna, former managing director and chief executive officer of the National Stock Exchange (NSE), on important matters of the bourse could be none other than Anand Subramanian, according to a letter written by former NSE chairman Ashok Chawla to the Securities and Exchange Board of India (Sebi). Subramanian was group operating officer of the NSE and advisor to Ramkrishna during 2015-16. He joined as chief strategic advisor in April 2013.
Hurrah! Indians can invest in global derivatives markets now. Let's try to figure out how exactly this arrangement works and how an individual investor can gain from this opportunity.
Benchmark stock indices Sensex and Nifty spurted over 1 per cent at close on Monday following buying in IT, oil and gas and banking shares bolstered by firm global trends. Rising for a second straight session, the 30-share BSE Sensex rallied 760.37 points or 1.41 per cent to settle at 54,521.15. During the day, it jumped 795.88 points or 1.48 per cent to 53,760.78. The broader NSE Nifty advanced 229.30 points or 1.43 per cent to 16,278.50 as 41 of its constituents advanced.
EAM Jaishankar's mission is aimed at strengthening India's strategic autonomy in a complex international environment, observes Ambassador M K Bhadrakumar.
Liquor tycoon Vijay Mallya-promoted United Spirits on Wednesday said it had acquired Scottish whiskey maker Whyte & Mackay for 595 million pounds (nearly Rs 4,819 crore).
Engineering and construction major Larsen & Toubro Ltd said on Friday it has bagged a Rs 368-crore (Rs 3.68 billion) order from a power generation company in China for supply of critical gasification equipment.
Chinese computer giant, Lenovo is attempting to take over global information technology giant IBM Corporation's personal computer business operations, media reports said in Beijing on Tuesday.
A statement issued by the Prime Minister's Office on Monday said that Mahinda Rajapaksa intends to propose a new Constitutional Amendment to the cabinet in order to fulfil the people's aspirations.
Market regulator Sebi on Tuesday said foreign investors from Mauritius will continue to be eligible for FPI registration with increased monitoring as per international norms. The announcement comes after the tax haven was put on the "grey list" of Financial Action Task Force (FATF) -- an inter-governmental policy making body that sets anti-money laundering standards.
Jet Airways on Tuesday said it will buy 10 aircraft from US-based aerospace major Boeing to expand its international operations.
The Sensex jumped nearly 900 points and the Nifty rallied over 272 points on Friday, bouncing back from the previous day's fall, following a positive trend in global equities and fresh foreign fund inflows. The BSE Sensex rallied 899.62 points or 1.53 per cent to end at 59,808.97 after starting the trade on a positive note. During the day, it jumped 1,057.69 points or 1.79 per cent to 59,967.04.
CreditSights has dialed back on its language on debt levels at richest Indian Gautam Adani's group but has maintained that the group's leverage is elevated. In a new note published after discussions with the group's management, CreditSights, a Fitch group firm, said it "has discovered calculation errors" in its recent debt report on two Adani Group companies but these did not change its investment recommendations. On August 23, CreditSights stated that the Adani group was "deeply over-leveraged" and may "in the worst-case scenario" spiral into a debt trap and possibly a default.
The aircraft are scheduled to be delivered between October 2012 and December 2014 subject to regulatory approvals, the company said in a filing to Bombay Stock Exchange.
Benchmark BSE Sensex and Nifty snapped their two-day losing streak to close nearly half a per cent higher on Tuesday following gains in banking, metal and auto stocks. The 30-share BSE Sensex climbed 257.43 points or 0.44 per cent to settle at 59,031.30. During the day, it hit a high of 59,199.11 and a low of 58,172.48.
Videsh Sanchar Nigam Ltd on Monday announced the acquisition of Teleglobe International Holdings, a provider of wholesale voice, data, IP and mobile signalling services.
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