India's inclusion in JP Morgan's bond index can channel billions of dollars into India. How will the government securities market handle it?
Benchmark indices Sensex and Nifty ended with gains on Wednesday, extending the previous day rally amid lower level of inflation on domestic front and better-than-expected inflation readings from the US. The 30-share BSE Sensex climbed 144.61 points or 0.23 per cent to settle at 62,677.91. During the day, it jumped 301.81 points or 0.48 per cent to 62,835.11.
Nestle India has announced that it plans to utilise part of its internal reserves and share premium account for distribution to its shareholders.
A unit of Swiss speciality chemicals firm, Clariant International, has made an open offer to buy a 20 per cent stake in India's Colour Chem Ltd at Rs 318 share, the Bombay Stock Exchange said on Monday.
Sensex closed 63.82 points higher at 26,851.05 in Muhurat trading; Nifty rises 18.65 points to end at 8,014.55.
UTV Software Communications Ltd and its animation division, UTV Toonz, has entered into an animation deal worth $10 million with New York-based BKN New Media Inc.
In a boost to the embattled Adani Group, Mauritian Financial Services Minister Mahen Kumar Seeruttun has told the nation's Parliament that Hindenburg Research's allegations of the presence of 'shell' companies in the Island nation are 'false and baseless' and that Mauritius was in compliance with OECD-mandated tax rules. US short seller Hindenburg on January 24 alleged that billionaire Gautam Adani used shell companies based in Mauritius to manipulate stock prices of his Indian-listed companies.
Maruti Udyog Ltd, country's largest carmaker, is to invest Rs 10 crore (Rs 100 million) for setting up a "Centre of Excellence" in collaboration with its suppliers.
Tata Power said on Friday it has signed an agreement with Germany's Siemens Power Generation and Korea's Doosan Heavy Industries to bid for ultra mega power projects of up to 4,000 MW capacity.
Indiabulls Financial Services Ltd will raise up to $ 60 million through Global Depository Receipts from the international capital market to fund its working capital requirements.
The London Stock Exchange plans to conduct road shows in India from July for attracting technology and other high growth companies to list on its Alternate Investment Market segment.
The Supreme Court on Friday said there should be a robust mechanism to ensure that the interests of Indian investors are protected in the stock market and sought views of the Centre and market regulator SEBI on PILs alleging exploitation of innocent investors and "artificial crashing" of the Adani group's stock value.
The Hinduja group controlled, IndusInd Bank, plans to raise around Rs 140 crore (Rs 1.4 billion) through global depository receipts by March-end.
Benchmark indices fell on Monday with the BSE Sensex declining 306 points, mainly dragged down by Reliance Industries. Foreign funds outflow also added to the overall bearish trend in equities on Monday. The 30-share BSE benchmark fell 306.01 points or 0.55 per cent to settle at 55,766.22. During the day, it declined 535.15 points or 0.95 per cent to 55,537.08. The broader NSE Nifty dipped 88.45 points or 0.53 per cent to 16,631.
Jihadi groups and organised crime tactics: Report
After a hiatus of over a year, the city police swung into action arresting a person, Alok Biyani, in connection with the multi-crore scam at the Calcutta Stock Exchange in March 2001.
Equity benchmark indices rallied nearly 1 per cent to re-visit the 59,000-mark on Monday, tracking heavy buying in index heavyweights Reliance Industries and ICICI Bank. The BSE benchmark rose 442.65 points or 0.75 per cent to settle at 59,245.98. During the day, it jumped 504.92 points or 0.85 per cent to 59,308.25.
ICICI Bank plans to raise $300 million through issuance of Eurobonds in the international markets as the first tranche of its $1 billion medium term notes programme.
TV 18 India Ltd on Thursday said its group company, Global Broadcast News and Turner International have entered into a partnership for its soon to be launched 24-hour news channel in India.
Some make for good investment ideas even after a strong run-up but others could see gains fizzling.
Decks have been cleared for National Thermal Power Corp's foray in oil exploration sector with the government awarding one block to the power major under the fifth round of New Exploration Licensing Policy.
Vedanta to file notice of claim in Cairn India tax case.
State-run gas firm Gas Authority (India) Ltd may list on the New York Stock Exchange or the Nasdaq by converting its global depository receipts into American depository receipts.
India's aviation industry could return to profitability in 2023-24 for the first time since the pandemic. The industry may pare aggregated net loss by 75-80 per cent year-on-year (YoY) to between Rs 3,500 crore and Rs 4,500 crore in 2022-23 (FY23), compared with Rs 17,500 crore of net losses in 2021-22 (FY22). A combination of recovery in passenger volumes and easing cost pressures due to stable fuel and foreign exchange (forex) costs could spark a turnaround. CRISIL says domestic and international passenger traffic recovered to 90 per cent and 98 per cent, respectively, of pre-pandemic traffic (2019-20, or FY20), in April-December 2022, compared with April-December 2019.
Tata Iron and Steel Company on Friday said it has signed a loan agreement with International Finance Corporation for availing a $300 million loan to fund its future projects.
Even as the government deferred the decision to enhance foreign investment limit in telecom, Sunil Mittal-owned Bharti Group said on Thursday that its offer to buy Canadian TIW's 27.5 per cent stake in Hexacom has been terminated
Tata Coffee Ltd has decided to form a joint venture with tea firm Beeyu Overseas Ltd for marketing and sale of the company's instant coffee products in the international market.
Fast moving consumer goods company Hindustan Lever Ltd said on Friday it has sold 49 per cent of its stake in Quest International India Ltd to ICI India for Rs 54 crore (Rs 540 million).
Brokers also want tax rebates, removal of additional tax on dividends, streamlining of GST...
Manchester United agreed to sell Argentine international Juan Sebastian Veron to Chelsea for 15 million pounds.
Citigroup has raised its offer to purchase shares of e-Serve International Ltd, an IT-enabled services company, to Rs 975 per share from the earlier offer of Rs 800 per share.
Morepen Laboratories will soon be listed on Luxembourg Stock Exchange with its global depository receipts getting 'fully subscribed' by European institutional investors and the company will seek to list these fresh shares in the domestic market as we
Mid-day Multimedia Ltd said on Saturday it has raised the investment limit of foreign institutional investors and non-resident Indians in the company to 26 per cent.