"We will complete the transformation within May 2007 and are talking to select foreign exchanges for a possible partnership," Bombay Stock Exchange Ltd managing director and CEO Rajnikant Patel said.
Wellwin Industries has been approved as original equipment maker vendor for supply of starter motors for two-wheelers to Italy's Piaggio & CSPA, the Bombay Stock Exchange said on Thursday.
A significant rise in trading in small and mid-cap stocks over the past three months has pushed up the market share of the Bombay Stock Exchange by over 3 percentage points in the cash segment of the equity market.
Pharma major Nicholas Piramal India Ltd will develop and commercialise a select group of US-based Eli Lilly and Company's pre-clinical drug products that span multiple therapeutic areas.
Challenging the Bombay Stock Exchange, which has applied to register Sensex as its trademark, Deepak Mohoni, a stock market analyst in Pune, has filed his own plea with the Trademark registry claiming that the word had been coined by him to denote the BSE sensitive index in his newspaper columns before BSE started using it.
India, with m-cap of about $1.6 trillion, is ahead of Switzerland.
The Singapore Exchange on Tuesday said in a statement it was "in preliminary discussions with BSE on a number of possibilities".
The company informed the Bombay Stock Exchange that its board was scheduled to meet on September 28 to consider the proposal to issue further equity shares to existing shareholders on a "rights" basis.
Packaging major Essel Propack Ltd has entered into a share purchase agreement for acquiring 85 per cent stake in US-based Tacpro Inc and Avalon Medical Services Pte Ltd, Singapore.\n
The year 2007 will bring in seven developments that can change the domestic capital market. The capital market is all set to look very different from what it is today.
The Indian capital markets continued the flamboyant journey in the fifth successive year and the bellwether Sensex entered into the elite 10k-club, rewriting history in many spheres during the year 2006.
Referring to the base year, the exchange said it was due to stability of shares prices and its proximity to the current period (launch date) prompted it to choose 1978 79 as the base year.
The Deccan Mujahideen which had claimed responsibility for the Mumbai terror attacks is at it again. A second e-mail threatening to blow up the Bombay Stock Exchange and the Delhi airport has been intercepted by the Gujarat police.
The trading will commence from 9:45 am to 3:30 pm instead of 9.55 am to 3.30 pm in the Equity and Equity Derivatives segments on all business days.
Indian Oil Corporation Ltd is to submit an expression of interest to acquire the marketing assets of an oil company in Thailand.
The fast moving consumer goods index was the lone survivor -- gaining 3.24 per cent. Tobacco-to-hotels major ITC rose on account of its better-than-expected quarterly results.
Financial Technologies India Ltd, the main promoter of India's largest commodity exchange MCX, on Thursday said it has acquired 90 per cent stake in a South Africa-based ICX Platform (Pty) Ltd for $1.5 million (about Rs 6 crore).Financial Technologies has acquired 90 per cent stake in ICX Platform (Pty) Ltd, a technology company situated at Johannesburg, South Africa, the firm said in a filing to the Bombay Stock Exchange.
Market watchers do not anticipate a turnaround soon.
Orchid Chemicals & Pharmaceuticals (Orchid) on Wednesday announced that it has entered into an exclusive agreement with STADA Pharmaceuticals, the US subsidiary of STADA Arzneimittel, for the development and supply of six prescription generic drug pr
Calcined petroleum coke maker Rain Calcining on Friday said it has completed the process of acquiring US-based CII Carbon for about 595 million dollars in cash.
The yellow metal dropped Rs 400 at Rs 11,550 per 10 gram, a level last seen on Sept 11, on brisk selling by stockists and investors after the Bombay Stock Exchange benchmark Sensex recorded a second steepest fall in its history. The stock markets nosedived and bullion prices collapsed after the Reserve Bank of India kept interest rates unchanged and downgraded the national economic growth to 7.5 per cent.
Hiranandani Group's real estate investment firm, Hirco Plc on Thursday announced it will invest over Rs 1,000 crore (28.4 million pounds) in a commercial township development project near Mumbai.
Biocon Ltd said on Wednesday it will sell its enzymes venture to Denmark-based Novozymes for $115 million to focus on core bio-pharmaceuticals business.
Real estate developer DLF Ltd on Wednesday said it has secured a Rs 6,000 crore contract from Delhi Development Authority (DDA) for constructing an international convention centre in Dwarka.
Videsh Sanchar Nigam Ltd has acquired the narrowband and broadband businesses of Dishnet's Internet service provider division for Rs 270 crore.
Corporate earnings in this quarter may take a hit on account of the equity exposure that companies may have taken following a bad quarter for the Indian markets, say market analysts.
FIIs were net buyers of Rs 513.04 crore (Rs 5.13 billion) in the cash segment, while domestic institutional investors (DIIs) sold equities worth Rs 66.79 crore (Rs 667.9 million), the data from the Bombay Stock Exchange website indicated.Of the 48 trading sessions since the beginning of 2008, Friday's trading session was the only time when FIIs were net buyers in the cash market though the day witnessed Sensex posting its steepest weekly decline since May 15, 2006.
Promoters of mid- and small-cap companies are grabbing the opportunity provided by a falling market to raise their holdings in their respective companies. In most cases, the shares of their companies are trading at over 30 per cent discount to the all-time high market prices.Promoters of 54 small- and mid-size firms acquired 8.3 million equity shares of their companies from the secondary market, between January 10 and February 27 this year.
Mature markets globally have either become saturated or have slowed down. The emerging markets have therefore become strategically important for these companies. The contribution of Indian operations to the global sales of these multinational behemoths is still small -- 1.5 to 3 per cent -- but this share is bound to grow given the buoyancy in the Indian market.
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