The company had appointed a three-member committee of directors to implement the changes.
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Instead of being carried away by Friday's historic election verdict, savvy investors were seen taking money off the table, after the benchmark Sensex rallied about 1,500 points in intra-day trade.
It is unrealistic to expect that change will happen in one year: Birla
Developed markets have performed better than emerging market firms in the top 10 TSR-based rankings, says a BCG report.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
Sensex ends lower; govt schemes in focus.
'Earnings revival could be two quarters away.'
Shree Cement beats ACC in market value, Lupin ahead of Dr Reddy's Labs
The Sensex ended above 27,000 for the first time while the Nifty topped 8,100.
Most of the index heavyweights are yet to declare their results.
Hike in planned public-sector capital expenditure will be credit-positive for infra cos
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
The policy statement by the RBI governor is also expected to be upbeat.
The 30-share Sensex ended down 159 points at 27,425 and the 50-share Nifty closed down 24 points at 8,299.
The 46-year-old chairman of the Aditya Birla Group has made at least 28 acquisitions since he took the reins of the group 18 years ago.
Many analysts find market expensive, even at current levels.
That resulted in a 50-basis point improvement in operating profit margins on a sequential basis.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
Mid-caps in cyclical sectors such as cement, financials and capital goods estimated to earn much more
4 MNCs among top 10 companies with dividend-earning promoters in FY15.
Auto and realty shares were among the top Sensex gainers.
The calculation excludes cross-holding of listed group cos in each other.
The analysis covers BSE 200 Index's 171 companies for which data on the compensation to the boards of directors for FY14 and FY13 are available.
Jaypee, Essar, GMR, GVK, Lanco, Abhijeet groups debt rise despite falling cash flow, says UBS
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
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Top firms will have enough firepower to go for foreign M&As, given their balance sheet growth, say bankers.
Impact of the slowdown is most visible among promoter/owner-CEOs
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Cumulatively for the first two quarters till now, the advance tax collections from the Mumbai zone, which contributes over a third of the income tax collections nationally, have grown 11 per cent, the official said.
The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.
The four major Hindi general entertainment channels -- STAR Plus, Sony, Colors and ZEE -- have all launched music and dance reality shows in the 9-pm slot on weekends.
Budget in the medium term aims to kick-start the investment cycle.
In a live chat on rediff.com held on Friday, July 11, well-known equity specialist Devang Mehta discussed what effect the Budget will have on the stock markets -- from how NOT to lose money in the markets to which are the safest stocks.
Engineering conglomerate fended off three corporate raids but emerged stronger.
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