Wockhardt Ltd said on Wednesday it has completed acquisition of France-based Negma Laboratories for $265 million.
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 bellwether Infosys Technologies on Thursday said its subsidiary Infosys BPO will acquire US-based McCamish Systems for an initial payment of $38 million (about Rs 176.6 crore).
Crompton Greaves Ltd said on Wednesday it has acquired businesses of two Hungary-based companies for about euro35 million.
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.
Mukesh Ambani-led Reliance Industries on Tuesday said it has made the first oil discovery at an exploratory block in the Cambay basin in Gujarat.
Infrastructure development firm Maytas Infra on Thursday said it has bagged an order worth Rs 790 crore (Rs 7.9 billion) from IL&FS Transportation Networks Ltd (ITNL) for road construction work.
Huge short covering and strong buying from institutional players and traders alike helped the Bombay Stock Exchange Sensitive Index, or Sensex, to a six-month high on Wednesday.
Reliance Natural Resources Ltd (RNRL) on Monday continued to slide, falling 9.47 per cent to touch a one year-low of Rs 47.75 on the Bombay Stock Exchange, after the Supreme Court ruled against the company in a gas dispute with Reliance Industries.
Retail chain set to spin off Big Bazaar, Food Bazaar, create holding firm.
Taking immediate corrective action and lessons from the US experience would help in restoring investor confidence.
The NSE Nifty settled at 4,847, down 124 points. The market breadth was extremely negative. Out of 2,789 shares traded, 2,274 declined and 449 advanced on the BSE on Tuesday.
On August 7, the Reserve Bank of India and the Securities and Exchange Board of India cleared the guidelines for currency futures trading. Exactly six days later, the National Stock Exchange got the market regulator's approval to start such trading and is scheduled to kick off currency futures this Friday.
With the Supreme Court likely to announce its judgement on the gas price tussle between Ambani brothers next week, the share price of Reliance Industries Ltd has taken a sharp knock while Reliance Natural Resources Ltd witnessed a spike.
The company had a net income of Rs 2,239 crore (Rs 22.39 billion) for the quarter ended March 2008-09, as per the US accounting standards, Bharti Airtel said in a filing to the Bombay Stock Exchange.
The consensus among FIIs is valuation could be a concern going ahead, but that is still some way off.
Total income of the bank rose to Rs 8,622.64 crore (Rs 86.22 billion) during the October-December quarter, from Rs 6,357.78 crore (Rs 63.57 billion) in the same period a year ago, HDFC Bank said in a filing to the Bombay Stock Exchange.
IOC owns about 74 per cent in BRPL and the merger would be effective on Wednesday, the company said in a statement to the Bombay Stock Exchange. Shareholders of BRPL will get four shares of IOC for every 37 shares they held.
The board of directors have proposed a dividend of Rs 3.50 per share on the face value of Rs 10 per share to the shareholders.
In a notice sent to all its members on March 20, BSE has listed nine types of violation for which penalty norms have been revised. These are circular trading, fictitious trading, creating artificial volumes, price manipulation (rigging), manipulation of order book, placing of orders at unrealistic prices when circuit filters are open, placing orders that result in rogue trades, late submissions of details or submission of wrong information.
BSE chief operating officer Mahesh L Soneji would be looking after the interests of the exchange till a new appointment is made.
Drug maker Natco on Monday said that the Patent Office has upheld the firm's opposition to an application of Yeda Research & Development Company for patenting a generic version of a product of Teva Pharmaceutical Industries.
Japanese drug major Daiichi Sankyo on Saturday deferred its proposed open offer to acquire an additional 20 per cent stake in Ranbaxy Laboratories, citing a delay in approvals from market regulator Securities & Exchange Board of India.
Maytas Infra has requested the government-appointed directors on its board -- O P Vaish and Ved Jain -- to furnish their consent and declarations.
"The company has temporarily reduced the working days in a week at its switchgear factories in Aurangabad and Kalwa (near Thane) to avoid unnecessary inventory build-up," Siemens said in a regulatory filing to the Bombay Stock Exchange.
The promoter of Hero Honda, Hero Investments Private Ltd (HIPL), has pledged further shares of the company to IL&FS Trust Company Ltd, raising an estimated Rs 200 crore (Rs 2 billion).
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.
Pharmaceutical firm Strides Arcolab on Friday said it has launched its anti-swine flu drug 'Starflu'.
Delay your asset reallocation, take a call on debt after a few months.
According to an analysis of the valuations for the period (April 1-September 18), the combined market capitalisation of all the firms listed on the Bombay Stock Exchange increased by Rs 25,02,749 crore (Rs 25,027.49 billion) or nearly 80 per cent.
With an FIR filed against it and its stock taking a beating amidst allegations that its account books were manipulated by its promoters, Educomp seems to be in trouble. Managing Director Shantanu Prakash explains the company's stand.
AT&T Inc, the largest telecom services provider in the US, has acquired an 8.07 per cent stake in Pune-headquartered Tech Mahindra for $34.5 million (around Rs 160 crore) by exercising a 2005 option agreement to buy a stake in the company. Its stake at Tuesday's prices on the Bombay Stock Exchange (BSE), however, is worth around Rs 900 crore.
The Bombay Stock Exchange today said 10 companies on its recently launched IPO index to track newly listed companies for the first two years would be excluded after completion of their term.
The BSE mid-cap Index will include shares of Allied Digital Services, Cals Refineries, Century Plyboards, Gammon Infra, Hindustan Oil Exploration, Indiabulls Securities, Jai Balaji Industries, Jet Airways, Jindal Drilling, Puravankara Projects, Rain Commodities, S Kumars Nationwide, Shriram City Union Finance, Thermax and Thomas Cook India.
"The Board of the company has approved a proposal to further unlock overall shareholder value by transferring its infrastructure projects to a separate 100 per cent subsidiary, subject to compliance with applicable laws," REL informed the Bombay Stock Exchange.
The board of directors has considered the proposal entailing the demerger of Indiabulls Securities on a going concern basis and plans to list the resulting entity after the demerger, Indiabulls Financial informed the Bombay Stock Exchange.
The Bombay Stock Exchange has emerged as one of the top ten bourses globally in terms of valuation of shares traded, with its market valuation nearly doubling to Rs 60,79,892 crore ($1.31 trillion) last year.
The total wealth, measured in terms of cumulative market capitalisation of all the listed companies on the Bombay Stock Exchange, has surged to a high of Rs 60,74,290.48 crore (Rs 6,0742.9 billion), the latest data available with the bourse shows.
Life Insurance Corporation of India has hiked its stake in Anil Ambani Group company Reliance Communications to 7.02 per cent after buying fresh shares worth Rs 1,274.4 crore through an open market transaction.
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