Several markets, including the foreign exchange and all the commodity markets will remain closed on Thursday, March 30, on account of Gudi Padwa.
BSE CEO M L Soneji said the exchange was investigating the trading data of Satyam. Highlighting lack of corporate governance, he said this was an opportunity to revisit regulations to make company directors more responsible and auditors more accountable.
The Lashkar wanted to bomb the BSE because it would cripple India's financial capital, Fahim Ansari told the Mumbai police.
Investor wealth zoomed over Rs 10.48 lakh crore in two days as the Budget-driven market euphoria continued to charge bulls on Tuesday.
'P K Madhav, the whole time director and chief executive officer of Maytas Infra Ltd, tendered his resignation from directorship as well as CEO of the company owing to personal reasons,' Maytas said in a filing to BSE. Maytas Infra, promoted by the family of disgraced Satyam founder B Ramalinga Raju, has been hitting headlines ever since the IT firm announced a deal to acquire the company, which was later called off following strong opposition by investors.
'I can tell shareholders we're going to be very responsible with our capital, we're going to be absolutely execution focused.'
The Bombay Stock Exchange will hold muhurat trading session for Samavat 2060 on October 25, 2003.
"The acquisition will enable us to step up our strategic initiative in the CRAMS segment," Lupin Chairman Desh Bandhu Gupta said.
A study of 435 companies listed on the Bombay Stock Exchange, which provide their capital-employed data on a quarterly basis, shows capex grew by a meagre 3.4 per cent in the nine months ending December 2009, compared to the level in March 2009.
On the last day of Satyam's stint in India's benchmark indices - the Bombay Stock Exchange Sensex and the National Stock Exchange S&P CNX Nifty - its shares turned out to be a punter's delight.
Private fund house Citigroup Global Markets (Mauritius) has hiked its stake in India Infoline, a stock brokerage firm, to 8.42 per cent after buying shares totaling Rs 1,424.17 crore through an open market transaction.
The National Stock Exchange on Wednesday removed Satyam from its benchmark index Nifty and the IT firm will be replaced by Reliance Capital with effect from January 12.
The bank had posted a consolidated net profit of Rs 1,149 crore (Rs 11.49 billion) for the same quarter last fiscal, ICICI said in a filing to the Bombay Stock Exchange.
Private sector carrier Jet Airways on Tuesday said it has entered into an agreement with the US-based United Airlines for codeshare and frequent flier programme benefits for their customers.
The National Stock Exchange index Nifty gained 3.75 points at 4,572.30. It touched the day's high of 4,596.75 and a low of 4,528.50 points. Among the 30 Sensex stocks, 14 closed with losses while 16 gained. Overseas funds bought stocks of a net $146.6 million on July 23, taking total investments in equities this year to $6.57 billion.
The 50-share National Stock Exchange index Nifty rose 124.85 points to 4,523.75. It touched the day's high of 4,532.40 and a low of 4,405.95. Major gainers that supported the Sensex were Reliance Industries, Infosys Technologies, ICICI Bank, ITC Ltd and Maruti Suzuki. All the five carry nearly 34 per cent weight on the index.
The government holds 89.5 per cent stake in NTPC and it plans to dilute five per cent stake constituting 41.22 crore (412.2 million) shares through its proposed FPO.
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.
In a filing to the Bombay Stock Exchange, the Vijay Mallya-led firm said its board would meet on July 28 to 'consider issue of further share capital up to Rs 500 crore and matters consequential thereto'.
MD V Mahadevan said, "Our offtake has reduced in line with declining demand from automobile majors since all of them are closed for the Christmas and New Year holidays. We have also decided to increase the number of holidays at our three units, which would be 5-6 days in a month. Asked whether it would be paid holidays, Mahadevan said, "Workers will be paid according to the law."
Banking, realty and capital goods sectors-- the sectors which are more interest sensitive and hence battered for long now--were the winners today.
The market capitalisation (m-cap) of nine of the country's top-10 firms diminished by Rs 67,964.18 crore during the week, with oil and gas major ONGC bearing the maximum brunt.
Earlier this week, Bosch had said it would temporarily stop producing auto parts in India as part of its global working hours rationalisation programme due to the slowdown in international markets. The company is also closing down temporarily the manufacturing activities of starters and generators at its Naganathapura plant from December 19-31.
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.
The Vijay Mallya-promoted private airline also reported a decline in its income from operations at Rs 1,352.45 crore (Rs 13.52 billion) for the December quarter, from Rs 1,447.83 crore (Rs 14.47 billion) in the same period previous fiscal.
Wind energy major Suzlon Energy on Friday said its group firm in Spain has entered into a pact with EUFER to supply wind turbines to Spain and Portugal.
The warrants will be converted into an equal number of equity shares at Rs 928.89 a piece, aggregating Rs 3,984.93 crore (Rs 39.84 billion). As in the March quarter 2009, AAA Project Ventures held 83,498,937 shares, representing a 36.88 per cent stake in the company.
IT firm Wipro Ltd on Wednesday reported 21.26 per cent growth in consolidated net profit at Rs 1,217.4 crore (Rs 12.174 billion) for the third quarter ended December 31, 2009.
Global security, safety and life-support solutions provider Micro Technologies on Wednesday said it has cut its prices by up to 30 per cent across a varied range of security products to capitalise on the enhanced demand for security devices.
Block deal transactions by foreign institutional investors registered a significant fall in October and November. The decline was mainly because of major deal makers cashing out of the equity market to make good their mark-to-market losses and meet redemption pressure.
Infrastructure Development Finance Company Ltd managing director and chief executive officer Rajiv B Lall has sold 4.50 lakh (450,000) shares of the company for over Rs 6.3 crore (Rs 63 million) in an open market transaction.
According to S P Prabhu, higher government spending will lead to an increase in consumption, ultimately acting as a growth trigger. "The share market was expecting a lot of sops, concessions for the industry, which has not come out in the budgetary proposals. In fact, the minimum alternate tax has increased (from 10 per cent to 15 per cent). That's also the reason for the market sentiment to go down," he laments.
The property development division would build the integrated commercial complex at Seawoods railway station, Navi Mumbai over 40 acres of land. The proposed project is expected to be completed over the next five years, the company added. Once this project is commissioned, L&T would develop in-house capabilities to build and operate such transit oriented developments around railway stations.
Whether it was scams or the threat of recession, the market survived everything with aplomb.
At least four top brokerages -- Religare Enterprise, Edelweiss Capital, Emkay Shares and Stocks and Modern Securities -- have delayed their fourth quarter results.
Patni Computer Systems Ltd on Monday said it would raise up to $150 million additional capital by the issue of American Depository Receipts.
Indian stocks have emerged as the best performers among those in the emerging and the developed markets across the globe so far this year, giving investors the highest return of nearly 60 per cent.
'Z' category security is being provided at the Bombay Stock Exchange, Asia's oldest stock exchange, after the financial capital was hit by the worst ever terror attacks on the night of November 26.
Stock and other financial markets are likely to resume trading today, after a day, as these were shut in the wake of deadly terrorist attack in Mumbai.
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