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.
Trigyn Technologies Ltd has bagged a contract from the United Nations for providing software development services.
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.
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.
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.
Pharma firm Strides Arcolab said on Monday it has acquired Chennai-based Grandix Pharmaceuticals and its subsidiary Grandix Laboratories for over Rs 98 crore (about $24 million).
Punjab National Bank CMD K C Chakrabarty has quit his post after his appointment as RBI Deputy Governor. "K C Chakrabarty has demitted office on June 14, 2009 on his appointment as Deputy Governor, Reserve Bank of India," PNB said in a filing to the Bombay Stock Exchange.
With the biggest mandate for any Indian government in nearly two decades, Mr Singh can now enact bold legislation - including financial, labour and land reforms.
Thereafter, the circuit triggers would be determined as per Sebi's latest direction of daily calculation.
Gail India Ltd said on Thursday its Chairman and Managing Director has been selected as fellow of the World Academy of Productivity Science.
Rakesh Jhunjhunwala sounded another note of caution on the nature of the latest bull run.
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.
Oil India Ltd, the second state-run firm to hit the market with an offering of equity shares this year, may price its IPO that opens on September 7 at Rs 1,000-1,100 a share.
Elder Pharmaceuticals Ltd has entered into an alliance with US-based Blistex Inc to manufacture and introduce the latter's entire range of lip care products in India.\n\n\n\n
Punjab National Bank and Bank of Baroda said on Monday they will reduce their prime lending rate by 50 and 75 basis points, respectively with effect from January 1. Besides, PNB announced a reduction in its peak deposit rate by 100 basis points to 8.5 per cent for deposits of one year to less than three years beginning new year, the state-run lender said in a filing to the Bombay Stock Exchange.
Gail India Ltd said on Monday it will set up LPG plants in Uzbekistan as part of its globalisation drive.\n\n
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.
Will this announcement have any material impact on the stock price when the markets open for trade on Monday, April 18 at 9.15 am?
Leading developer Ansal Housing and Construction Ltd is expecting a turnover of about Rs 250 crore (Rs 2.5 billion) from its upcoming residential project in Haryana in the next 3-4 years.
The Nifty had hit its third successive record high of 7,922.70 today.
While Nifty 50 reflects changes in 40 years, it also shows what is missing: Low-cost manufacturers at one end, and deep-value players at the other. Also missing are technology players, observes T N Ninan.
National Thermal Power Corporation Ltd revised upwards its capacity addition programme for the 12th plan period on Wednesday to become a 75,000 MW company from about 26,000 MW now.\n\n
A woman Jet Airways employee was allegedly trying to smuggle out foreign currency worth over Rs 3 crore.
State-run National Thermal Power Corporation on Monday said it plans to set up a 900 MW coal- or LNG-based power plant in Sri Lanka.\n\n
State-run National Thermal Power Corporation on Friday said it will borrow Rs 1,000 crore (Rs 10 billion) from Life Insurance Corporation during the fourth quarter of the current fiscal to fund its capital expenditure requirements.
Punjab National Bank on Friday reported a 21 per cent increase in net profit at Rs 314.27 crore (Rs 3.14 billion) for the quarter ended December 31, 2004 compared to Rs 259.8 crore (Rs 2.59 billion) during the corresponding period last fiscal.
National Thermal Power Corporation Ltd's scrip was on Friday listed on the Bombay Stock Exchange and the first trade was struck at Rs 70, at premium to the issue price.
National Thermal Power Corporation's mega initial public offer for 86.58 crore (865 million) shares has been oversubscribed in the first 30 minutes of opening of bids.
An exchange which preaches others on governance must start practising it first, says Shyamal Majumdar.
Prime Minister Manmohan Singh sought on Friday to allay fears of a possible US slowdown affecting Indian economy, saying that the country's economic foundation was strong enough to sustain 9-9.5 per cent growth. "I am confident we can sustain our growth momentum at 9 and 9.5 per annum despite international situation," Singh said at a joint press conference with visiting French President Nicolas Sarkozy in New Delhi.
Financial services provider Religare Enterprises on Wednesday surged 182 per cent over the issue price on its debut trade on the bourses and settled for the day at Rs 521.75 on the Bombay Stock Exchange.
Thus far in FY21, BSE, NSE have rallied 70 per cent and 71 per cent, respectively.
The inclusion of Tata Consultancy Services in the BSE Sensex from June may act as a drag on it in the same way as it dampened movement in the Nifty since April 19, when the company announced its disappointing Q4 results.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
