State-owned Coal India is likely to get listed by October and may be accorded Maharatna tag by 2010 end, while BHEL has to wait for at least a year to be awarded with the coveted tag, a senior official said on Friday.
Stellar rally in ITC shares along with strength in the Asian equities capped the downside.
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
The micro engineering industries in Tamil Nadu have been affected by the ongoing global economic meltdown.
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The Telangana agitation over the Centre's decision to create a new state in the region has forced several companies, including Bharat Forge, the Lakshmi Mittal Group and the NTPC-BHEL joint venture, to either put their expansion plans on hold or explore other states.
From nitrogen frozen bhel puri and pav bhaji fondue to duck chilli samosas and paapri pizzas, fine-dining restaurants are now adding a bit of zing to the humble street food
The Cabinet Committee on Economic Affiars had approved the Rs 1,293 crore (Rs 12.93 billion) greenfield project spread across 450 hectares. British consultancy firm Mott Macdonald has been engaged to prepare bid documents for the procurement. As a special railway joint venture project, it envisages manufacturing locos with 12,000 HP to carry 5,000 tonnes of freight at 100 km per hour on all terrains.
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In less than two months since the announcement in March, the state has mobilised an armada of small and medium enterprises keen on making components for large equipment manufacturers.
The NSE Nifty ended at 4,399, down 70 points. Good first-quarter results by India's electric equipment maker BHEL and the third-largest software exporter Wipro did not impact the market.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Three manufacturing sectors (engineering and construction, industrial commodities and materials and commodities) created more value for its shareholders in last five years than IT or pharmaceutical companies. Engineering and construction companies, led by Larsen & Toubro and BHEL, posted a total shareholder return of 81 per cent in the last five years trailing March 31, 2007, the BCG-CII study showed.
Ajay Singh Gangwar who was the Barwani district collector, was transferred on Thursday night as Deputy Secretary in the Secretariat in Bhopal. Gangwar had been promoted to the IAS cadre from the state service in 2005.
After a strong start to the week on Tuesday, the Sensex this morning opened 15 points higher at 16,868 amid subdued global cues.
Metals bucked the trend and shone across the board.
The NSE Nifty ended 98 points higher at 3,082. The BSE Capital Goods index surged 5.4% to 6,425. The Power and Metal indexes rallied 4% each to 1,883 and 5,827, respectively. The Realty index, however, dropped 4.5% to 1,615 - mainly on account of Akruti City.
The NSE Nifty is trading at 6,001, up 40 points. HDFC has advanced 1.6% to Rs 2,917.
From zero presence in the Indian power equipment market a couple of years ago, Chinese companies are likely to supply as much as 30 per cent of the equipment required to meet the Eleventh Plan capacity addition target of 78,000 Mw.Chinese companies are also bagging large orders from private power companies in India, despite the perception of "suspect quality".
The country's top 10 companies have witnessed an erosion of about Rs 72,000 crore (Rs 720 billion) from their market capitalisation in a week, with Reliance Industries' valuation again dipping below the Rs 2,00,000-crore (Rs 2,000 billion) mark.
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
The 7,480 MW project will be the largest gas-fired power project at a single location in the world and will cost about Rs 20,000-25,000 crore (Rs 200-250 billion). Mukesh Ambani-controlled RIL for the supply of gas from the Krishna Godavari basin, where RIL is developing the largest gas reserves in the world. The matter is currently under litigation in the Bombay HC and a decision is expected soon.
Ten Indian companies led by the likes of state-run Bharat Heavy Electricals, telecom major Bharti Airtel and Mukesh Ambani-led Reliance Industries have made their way into the Forbes' list of 50 best listed companies in the Asia-Pacific region.
Software firm Cognizant Technology Solutions will be recruiting about 18,000 IT professionals before the year end in addition to the present 38,000 workforce, a top company official said on Saturday.
Indian companies led by Anil Ambani's Reliance Power (RPower), Nuclear Power Corporation of India (NPCIL) and Bharat Heavy Electricals (BHEL) plan to invest over Rs 100,000 crore in the next five years to expand their presence in the nuclear energy sector after the country signs the nuclear agreement with the US, paving the way for import of fuel and transfer of technology.
The 30-share Sensex gained 271 points to end at 28,805 and the 50-share Nifty ended up 84 points at 8,712.
On August 15, in all probability, Ranbir's Bachna Ae Haseeno will clash with Abhishek's much awaited Drona.
Tamil Nadu Chief Minister J Jayalalithaa has told Prime Minister Manmohan Singh that state Director General of Police K Ramanujam was "rudely accosted and prevented" from approaching the PM's aircraft by an Special Protection Group official during his visit to the state and demanded appropriate action against those responsible for it.
Sensex climbs higher on favourable global cues.
Combined net profit estimated to grow 14.6% year-on-year, against a 5.7% decline in the Dec 2015 quarter
The 30-share Sensex also hit its one-year low of 22,494.61 on February 29 this year.
Those in the fray include three Power Finance Corp officials believed to be among the front-runners for the post of the company's chairman and managing director, as the present chief V K Garg retires on July 31 next year.
The market breadth was fairly positive - out of 2,789 stocks traded, 1,431 advanced, 1292 declined and 66 were unchanged on Tuesday. The NSE Nifty settled with a loss of 53 points at 5,105 points.
Banking and capital goods stocks were out of favour, while oil and auto stocks saw buying interest.
The 30-share Sensex ended 53 points higher at 28,439 and the 50-share Nifty closed 18 points higher at 8,494.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Index majors NTPC, BHEL, Reliance Reliance Energy, Reliance Communications and HDFC, DLF, TCS, SBI and Bajaj Auto have zoomed.
Left planned nationwide protests over UPA government's economic policies.
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