Software and training organisation NIIT Ltd has tied up with one of country's leading business school, Indian Institute of Management-Calcutta to offer 'Executive Development' programmes through virtual classrooms.
The world's biggest drug maker Pfizer Inc has offered about Rs 680 crore to raise its stake in its Indian subsidiary to 75 per cent from 41 per cent. The offer of Rs 675 per share, however, is unlikely to find takers, since Pfizer share price rose 10.02 per cent to close at Rs 685.4 per share on the Bombay Stock Exchange (BSE) on Monday, analysts feel.
Based on the current scenario, he classifies real estate as the highest in the risk grade, followed by infrastructure companies involved in construction, hotels, commodities and auto.
The company had posted a net profit of Rs 243.13 crore (Rs 2.43 billion) in the corresponding quarter of 2008-09 fiscal, Maruti Suzuki India told the Bombay Stock Exchange.
New Delhi Television (NDTV) and an overseas subsidiary of NDTV have signed a memorandum of agreement with NBC Universal Inc and a subsidiary of NBCU for divesting 26% stake in an overseas subsidiary for $150 million.
The market wide circuit breakers would be triggered by movement of either Sensex or the NSE S&P CNX Nifty whichever is breached earlier.
Global IT consulting major, Satyam on Monday announced the acquisition of Chicago-based management consulting firm Bridge Strategy Group for Rs 137.70 crore ($35 million).
Share prices of the two top stock exchanges - the Bombay Stock Exchange and the National Stock Exchange - are expected to rise after the Securities and Exchange Board of India proposed to allow domestic institutional investors, insurance firms and banks to hold up to 15 per cent stake in these exchanges as against the current limit of 5 per cent.
Hindustan Motor's Uttarpara unit in West Bengal which was shut since April 11 due to labour unrest, reopened on Thursday following an agreement between company management and trade unions.
The Supreme Court will resume the hearing of 1993 Mumbai bomb blasts convict Yakub Memon's mercy petition on Tuesday morning.
Get Ahead reader Jitendra Gursingh reviewed Mumbai restaurant Jimmy Boy recently. Here's what he had to say about it.
The Bombay Stock Exchange, Asia's oldest stock exchange, plans to launch a separate trading platform for small and medium enterprises. Sources close to the development said the BSE was preparing a strategy for an SME exchange.
Foreign pension funds are making a beeline for India despite the turmoil in global markets.
BSE has entered into an agreement with OMX, a Swedish firm, for new trading and clearing systems. The systems will be rolled out in mid-08.
Private carrier Jet Airways on Monday said Ravi Chaturvedi has quit the company as Group CEO in March, ahead of his scheduled departure in June.
Justice Roshan Dalvi sought to recuse herself from the case involving Reliance Industries Ltd and state-owned National Thermal Power Corporation over the supply of gas from the Krishna-Godavari basin on Wednesday.
IL&FS Financial Services has acquired 14.5 per cent stake in Maytas Infra, promoted by former Satyam chairman B Ramalinga Raju's kin, through invocation of pledge and off-market transactions.
Infosys was the top gainer in the Sensex pack, closing 7.20 per cent higher as investors cheered its financial results. The IT major posted better-than-expected 5.3 per cent rise in its June quarter net profit, and raised revenue growth forecast for the current fiscal.
Kishore A Chaukar has been appointed as non-executive director and chairman on the board of TTML, with effect from March 24, the filing said.
Bombay Stock Exchange will launch 'Sensex mini derivatives contracts' from January 1, 2008.
In a filing to the Bombay Stock Exchange, Maytas Infra said a meeting of the board of directors of the company will be held on Thursday to appoint Vaish and Jain as directors of the company in accordance with the order of the Company Law Board. Former ICAI president Ved Jain and noted tax lawyer O P Vaish were named as new board members of Maytas Infra following CLB directing the government to appoint four nominee directors, including a chairman, on the company's board.
The board approved the allotment of the shares on March 13, under the stock option plans of the company, Satyam said in a filing to the Bombay Stock Exchange. Pursuant to the allotment, the paid-up share capital of the company stood at Rs 1,34,77,89,584 up from Rs 1,34,77,68,562, the filing added.
In a filing to the Bombay Stock Exchange, Sun Pharma said the US Federal Trade Commission (FTC) has granted early termination of the anti-trust waiting period for the previously announced tender offer by its subsidiary Alkaloida Chemical Company Exclusive Group Ltd. Last month the Mumbai-based firm had launched an open offer at a price of $7.75 per share to acquire all outstanding shares of Taro, including all of the founders' shares.
The agency was probing the rotation of funds and the role of front companies used in rotation of funds, sources said. They added that the conduct of the regulators was also being probed and, if need be, some officials may also be probed. Experts, including CAs from the Institute of Chartered Accountants of India and the Institute of Cost and Works Accountants of India are assisting the CBI in probing the role of regulators in this case.
The centre named Process Manufacturing Innovation Centre of Excellence would help companies to take advantage of the advancements made in IT - mainly in areas of product and process innovation, Satyam said.
The Reserve Bank of India will be closed on Wednesday as Maharashtra holds the assembly elections.
Delhi-based realtor Parsvnath Developers will open 10 retail stores this year and develop 21 commercial projects as part of its plan to foray into retail, Chairman Pradeep Jain said.
The Bombay Stock Exchange has agreed to sell 41 per cent stake to a clutch of domestic and foreign investors for about 385 million dollars, subject to regulatory approvals.
Deepak Ghaisas plans to start a new venture in the knowledge industry with a global business model after resigning from i-flex solutions (part of Oracle now), sources close to the development said.
The Bombay Stock Exchange is selling 41 per cent stake to 20 investors, including domestic and foreign financial institutions, for about $ 384 million - the biggest private placement of equity ever in the country.
Indian IT (information technology) firms are not unduly worried about the rupee rising against the dollar, at least for now.
Though SEBI adopted many other measures in 2007 to streamline the capital markets, it was its decision on P-notes, which gave a jolt to the capital market and evoked extreme reactions both in favour and against the move.
The move is expected to cut into the business of rival Bombay Stock Exchange (BSE).
The National Stock Exchange is chalking out a strategy to launch a separate trading platform for small and medium companies.
Hong Kong on Wednesday initiated a process to attract Indian companies to list on its stock exchange, saying ample liquidity in that market will help local companies raise resources. A delegation led by Hong Kong financial secretary John C Tsang discussed with a dozen Indian companies, most of them big corporate houses, the possibility of listings on the Hong Kong Stock Exchange (HKSE).
The company has over 100 engineers operating in the country over the last three months. The team would work in programme managing deliveries out of China, Japan and India. Besides, Satyam has been successfully sourcing Japanese bilingual manpower from Vietnam.
Moser Baer India has acquired 40 per cent equity stake in Slovenia-based Solarvalue Proizvodnja from Germany based Solarvalue AG for an undisclosed amount, giving it an assured supply of solar grade silicon for its photo voltaic business.
The Sensex, which fell for the third straight day, dropped by 179.79 points to 8,427.29, after dipping to the day's low of 8,390.21 as the funds remained net sellers in heavyweights led by consumer durables and banking.
Following its conversion into a corporate body, the Bombay Stock Exchange on Wednesday said it will strengthen its governance standards and practices and expected listed entities to diligently follow governance norms.
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