BSE, the oldest stock exchange in Asia, aims to raise up to Rs 1,243 crore from the IPO, which has a price band of Rs 805-806 per share.
Government-owned companies are more generous in rewarding their shareholders with dividends.
The acquirer would need to place an order before tendering period.
India's HCL Comnet, a subsidiary of HCL Technologies, has got a network management order worth Rs 31 crore (Rs 310 million) from state-run National Insurance Company, the Bombay Stock Exchange said on Friday.\n\n\n\n
This was the biggest IPO in the Indian market since Infratel's.
The Multi Commodity Exchange has filed its draft red herring prospectus with the Securities and Exchange Board of India for the company's public offer. It will list only on the Bombay Stock Exchange (BSE).
Move follows 26 per cent acquisition in Ahmedabad's NMCE.
Tata Consultancy Services on Thursday said it will give out one-time bonus to employees that will be cost it Rs 2,628 crore.
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.
Sebi allowed the deal with some riders, five months after it was announced last August.
The Bombay Stock Exchange (BSE) planned to list the futures trading in its benchmark index, Sensex.
Economists and stock market pundits in India's financial capital could hardly believe Saturday's election result, which seemed tailor-made for investors.
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.
BSE's, NSE's overnight liquid fund facility can help stock investors maximise returns
While NSE is exploring 8-10 new agri-commodities, BSE is eyeing as many as 15, most of which aren't traded on any other online derivative exchange in India.
The merger of ZEE Entertainment and Sony has reached an advanced stage of completion, and the issues faced by promoters with Sebi should not become a problem for the company, debarred ZEEL MD Punit Goenka has said in a letter to employees, according to sources. Goenka, who along with his father Subhas Chandra, was denied any interim relief against a Sebi order that barred them from holding the position of director or key managerial post in any listed company, in the letter ZEE Entertainment Enterprises Ltd (ZEEL) staff asserted that the merger of Culver Max (earlier known as Sony Pictures Networks India) is at a very important juncture. With the Securities Appellate Tribunal (SAT) restricting him from holding a directorial or key managerial position in a listed company, Goenka told the employees that the ZEEL board has constituted an interim committee of senior executives to ensure smooth operations and day-to-day functioning.
In May, MFs were the net sellers in several PSUs, as they deployed Rs 47,600 crore in equities during the month.
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.
Indore-based textiles firm Neo Corp is the latest in a series of Indian names that have been published in the official gazette of the Swiss govt.
Half of the sharp rise in stocks in 2014 was driven by re-ratings - rise in price-to-earning ratios on hopes the new government would turn around the economy which will reflect in corporate earnings.
The BSE Mid-and Small-cap indices outperformed their larger peers rising 72 per cent and 52 per cent, respectively, during Samvat 2070.
Through Micro Lost Mobile Tracking System, Micro Technologies would provide security to the mobile handsets of Airtel subscribers, the firm informed the Bombay Stock Exchange. The application would have a software in the GSM enabled mobile handsets that would inform the user about the new mobile number, which replaced the original number, through an e-mail, Micro Technologies said.
Justice Roshan Dalvi sought to recuse herself from the case involving Reliance Industries Ltd and state-owned National Thermal Power Corporation over the supply of gas from the Krishna-Godavari basin on Wednesday.
Pyramid Saimira Theatre, the Chennai-based entertainment firm, was in the limelight on Tuesday after it announced it was the victim of a forgery and the stock was frozen at circuit filer of 10 per cent on the Bombay and National Stock Exchanges for the second day in a row.In an early morning statement, the company confirmed it had received a letter from the stock market regulator, Securities and Exchange Board of India, asking its chairman PS Saminathan to make an open offer.
Can only suspend non-compliant companies at present owing to a lack of jurisdictional clarity.
Stay orders keep law out of citizen access even years after CIC rulings on opening market institutions to scrutiny
Index heavyweights were the top losers along with bank shares.
The Bombay Stock Exchange says it will train 6.5 million people in the next 10 years to work in the BFSI (banking, financial services and insurance) sector, the largest employer in the Indian private sector.
Metal shares were the top gainers with Hindalco up over 5%.
Trigyn Technologies Ltd has bagged a contract from the United Nations for providing software development services.
Asian shares ended higher after a string of positive US economic data.
A day after Standard & Poor's (S&P) came out with its report on how India could be the first among Brazil, Russia, India and China (BRIC nations) to lose its investment-grade rating, markets shrugged off the concern, ending in the green.
Steel Authority of India Ltd said on Thursday it plans to merge Neelachal Ispat Nigam Ltd and Maharashtra Elektrosmlet Ltd with itself.
It has signed a strategic alliance with the arm of global miner Rio Tinto for increasing its presence in India and abroad, NALCO said in a filing to the Bombay Stock Exchange. The agreement signed on Friday in Bhubaneswar, facilitates both companies to share information for identifying potential to create value for both the organisations, the filing added.
Micro Technologies India Ltd on Tuesday said it has launched a global disaster reduction IT product, which instantaneously sends alerts about the occurrence of any natural or man made disasters.
Real estate developer DLF Ltd on Wednesday said it has secured a Rs 6,000 crore contract from Delhi Development Authority (DDA) for constructing an international convention centre in Dwarka.
The Bombay Stock Exchange might tap the capital market to raise resources as part of its business plan for future growth.
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