Tata Consultancy Services Ltd informed the Bombay Stock Exchange on Wednesday that its revenues for the first quarter of 2010-11 increased by 6.21 per cent over the previous quarter to Rs 8,217 crore (Rs 82.17 billion).
The Bombay Stock Exchange and National Stock Exchange will remain closed on Thursday in the wake of the terror attack in Mumbai.
The country's largest private sector lender ICICI Bank on Friday said it has raised $500 million through an issue of bonds in the international market.
The country's largest private sector lender ICICI Bank on Friday said it has raised $500 million through an issue of bonds in the international market.
Shares of Indian software majors have plunged into red on news that BP would cut its spend on information technology.
A leading association of stock brokers today asked both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) to maintain status quo on trading timings until the infrastructure required for extending the hours was in place.
For an investor, gold is a necessity in the portfolio.
All employees of India's second largest information technology services company, Infosys, will get a stock bonanza on its 30th birthday on July 2.
Japan's Sumitomo Mitsui Banking Corporation on Wednesday announced that it would invest Rs 1,366 crore (Rs 13.66 billion) for a 4.5 per cent stake in private sector lender Kotak Mahindra Bank.
There is money to buy the central public sector enterprises, but buyers will need a firm assurance that the disvestment programme will keep environment issues front and centre of their corporate plans.
The Bombay Stock Exchange brokers plan to take up extending trading hours with the Prime Minister and market regulator Sebi.
The company has allotted 21,173 shares of Rs 10 each to its employees on June 1, RIL said in a filing to the Bombay Stock Exchange. RIL is engaged in polymers, chemicals, fiber intermediates, petroleum, textiles and procurement business.
Meanwhile, the company lost 66 clients, worth $183 million (around Rs 900 crore) in the same period -- either because contracts were terminated, or they expired, or were withdrawn. About 23 customers terminated contracts accounting for $70 million as on March 26, 2009.
"We think it (the Sensex) will be at 19,000 points by March, barring some really exceptional happening," the firm's managing director and chief executive officer, Madhabi Puri Buch, said.
The development follows the acquisition of 37.5 per cent stake in the air-carrier by South-India based media baron, Kalanithi Maran.
The BSE would also launch soon a Corporate Bond Repo, another new product for the Indian market.
IndusInd Bank was the top loser in the Sensex pack, plummeting over 23 per cent. PowerGrid, Kotak Bank, Bajaj Finance, HDFC Bank and NTPC also finished significantly lower. ONGC and ITC were the only stocks in the index that ended with gains. US President Donald Trump has proposed an economic package which could approach $1 trillion, a rescue initiative not seen since the great recession of 2008.
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.
The Bombay Stock Exchange on Wednesday put in place a graded penalty mechanism, with fines starting from Rs 10,000 for brokers who fail to make timely submission of risk-based supervision data and prolonged non-compliance leading to disablement of trading terminals.
The Oil Ministry has approved the sale of 10 per cent Government holding in consultancy firm Engineers India Ltd, and a public offering is expected in the second half of July.
'GMR Group today signed an agreement with the international power producer InterGen to acquire its 100 per cent ownership stake in Island Power,' GMR Infra said in a filing to the Bombay Stock Exchange. Island Power is currently developing an 800 MW power facility in Singapore. The project would bring in about $1.5 billion (Rs 72 billion) foreign direct investment in the country.
The boards of Bayer India and Bayer Cropscience India Ltd on Monday approved the merger of the two firms, the Bombay Stock Exchange said.
Following Reliance Communications' announcement last week accusing Videsh Sanchar Nigam Limited of delaying implementation of an international tribunal order, VSNL said on Wednesday the announcement contained false imputations against it.
Just a decade ago, a kind of muscular nationalism was the leitmotif for talent management within Indian corporations. Any suggestion of bringing in foreign talent had managers bristling with indignation.
The IDR was trading at Rs 105.10, up 1.05 per cent, at 0956 hrs. "The Standard Chartered IDR had seen trouble during the initial response.
All principal markets including the Bombay Stock Exchange, the National Stock Exchange, foreign exchange, money, oils & oilseeds, metals, copra and cotton remained closed on Wednesday on account of Eid-Ul-Fitr.
The group has interests in auto, textiles, engineering, chemical and power sectors, among others. "We think this is a good time to enter the IT sector. Melstar also has a US subsidiary, which gives us entry into this market as well," said PVR Murthy, CFO of YBG. The group is looking at further growth through acquisition, with the current focus on West Asian and South East Asian firms.
The group has interests in auto, textiles, engineering, chemical and power sectors, among others. "We think this is a good time to enter the IT sector. Melstar also has a US subsidiary, which gives us entry into this market as well," said PVR Murthy, CFO of YBG. The group is looking at further growth through acquisition, with the current focus on West Asian and South East Asian firms.
More than seven of 10 independent directors sitting on the boards of listed companies to improve corporate governance are "home" members, while only few women make it to such positions, says a study.
Sun Pharma's share price jumped 5.62 per cent on the Bombay Stock Exchange after it gained a new ally in its legal battle to acquire Israel's Taro Pharmaceuticals with minority investor Templeton Asset Management switching sides to support Sun's bid.
ICICI Bank on Thursday reported a 16.85 per cent rise in consolidated net profit to Rs 1,567.93 crore (Rs 15.67 billion) for the quarter ended March 31, 2011.
From today, you will be able to buy and redeem open-ended mutual fund schemes on the National Stock Exchange through your stockbroker. The Bombay Stock Exchange too will follow suit soon.
Infosys has opened its first Latin American developmental centre in Mexico.
Wind turbine manufacturer Suzlon Energy on Tuesday said it will raise funds through rights issue to repay its debt.
Net profit increased from Rs 4,710 crore (Rs 47.1 billion) in the fourth quarter of 2009-10 fiscal to Rs 5,376 crore in Q4 of 2010-11 fiscal, the company said in a filing to the Bombay Stock Exchange.
It is estimated that the deal could be around USD100 million.
Asia's oldest bourse, Bombay Stock Exchange on Wednesday launched currency derivatives segment (BSE-CDX) that would enable participants to hedge their currency risks through trading in the US dollar-rupee future platform.
As per the outsourcing partnership agreement, Firstsource would manage Barclays' operations center in Colorado Springs and would provide customer care and collection support to its US cardholders, Firstsource Solutions said in a filing to the Bombay Stock Exchange.
Aban Offshore, India's largest oil rig company, is likely to come under increased stress for repaying debt after the loss of its semi-submersible rig, Aban Pearl, which sank in the early hours of Thursday, according to analysts.
But big brokerages see no problem with Sebi panel's recommendations.
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