Deal may be in exchange for 8-10% stake in firm; money likely to be used to fund the purchase of a coal or iron ore mine Tata Steel Global Holding Pte Ltd, the Singapore-based subsidiary that owns the international steel and mining assets of Tata Steel Ltd, the country’s largest steel maker, is in talks [...]
Market ended with healthy gains as bulls put on a stellar show on Friday. A surprising decline in inflation figures, inline GDP numbers and firm global cues lifted the sentiments on Dalal Street. All round buying was witnessed in scrip’s across the sectors which saw the benchmark BSE Sensex and the NSE Nifty index to [...]
It is Bangalore’s advertising revenue opportunity — and not necessarily demand from readers for more newspapers — that is causing the stampede In early 2005, Mumbai became the battleground for what was perhaps India’s fiercest newspaper war in recent times. In the space of a few months, two new English dailies—DNA and the Hindustan Times [...]
The markets ended weak for the fifth consecutive session with the BSE benchmark index settling 102 points or 0.7% lower at 14,544 levels. The Sensex touched a low of 14,368 levels in intra-day deals before buying helped it recover some of the lost ground. In broader markets, the Nifty shed 25 points to close at [...]
The power ministry is pushing for so-called mega power project status to captive plants that can generate 1,000MW and above In a move that could increase the country’s power generating capacity and, simultaneously, benefit companies such as Mukesh Ambani’s Reliance Industries Ltd, or RIL, and Anil Agarwal-owned Vedanta Resources Plc.’s Sterlite Industries (India) Ltd, the [...]
Dipan Mehta, Member, BSE/NSE is of the view that Reliance Industries, RIL and Reliance Petroleum, RPL are attractive buy slightly lower from these levels. Mehta told CNBC-TV18, “The entire Reliance packs; both sides of the groups have performed exceedingly over the past two-three years; they have been market leaders and now that one has seen [...]
This marginal change is because of a downward revision in the growth estimate of the industrial sector, the economic think tank says The Indian economy would continue to grow at a strong pace of over 9% in FY09, the Centre for Monitoring Indian Economy (CMIE) said in its monthly report on Monday. “We had predicted [...]
Markets started off the week with negative bias. Indian markets extended its losing streak to fourth straight trading session on the back of fresh spike in inflation and concerns over economic slowdown. An absolute dull session ended in the red led by selling witnessed in the Oil & Gas, Metal and Power stocks. Only the [...]
Bank of Baroda’s (BoB) Q1’09 results were slightly below our expectations. Advances grew modestly by 4% on a sequential basis, while on a yearly basis, it rose by 42%. High interest rates and the prevailing economic slowdown negatively impacted the first quarter as demand lowered across all the segments. We expect that the advances would [...]
For Q1FY09, Alembic posted net sales of Rs226.3 crore registering a growth of 32.7%. However, the same was not reflected at the net profit level, as the company registered a substantial decline in operating margins coupled with forex losses, which dragged the company into red during the quarter.During the recently concluded quarter, the company registered [...]
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