Last week, Larry Ellison’s Oracle publicly challenged IBM in the hardware space. CNBC-TV18’s Kritika Saxena reports that Oracle has laid out its plan of action for India, once the integration of Sun Microsystems is complete. After publishing a rather boisterous advertisement in papers across the world last week, threatening to walk over IBM’s market share, [...]
Indiabulls Power, a subsidiary of Indiabulls Real Estate has fixed its initial public offering (IPO) price at Rs 45 per share, at higher end of price band of Rs 40-45, reports CNBC-TV18 quoting DowJones. The issue opened for subcription during October 12-15 with 39.07 crore equity shares shares, including a green shoe option of retaining [...]
Stock Market Tipz (Formal Tips Junction) wishes You HAPPY DIWALI and HAPPY NEW YEAR. On Diwali, I wanted to send you wishes for a year filled with prosperity, health and lots of fun! Hope you have a happy Diwali! This Diwali, may you be blessed with good fortune as long as Ganeshji’s trunk, wealth and [...]
Angel Broking has an Accumulate rating on Lupin Labs with a target price of Rs 1,290. A report released on September 29 said: “Lupin has completed the acquisition of Antara rights in the US from Oscient Pharmaceutical for US $38.6mn at 0.6x its CY2008 sales, which would be funded through internal accruals. This is the [...]
ArcelorMittal, the world’s largest steel maker, today threatened to abandon its $20 billion steel projects in two Indian states over delays, but will look for new sites within the country for the plants. “The company continues to work on its two greenfield projects in Jharkhand and Orissa. However, in the event that land acquisition continues [...]
IDFC/SSKI has maintained it Outperformer rating on Grasim after the announcement by the company to demerge its cement business. A report released on October 5 said: “The demerger of the cement business in to Samruddhi Cement (SCL) does not affect the economic interests of Grasim shareholders since the restructuring involves just a shift of value [...]
Weak global cues saw the Sensex open with a negative gap at 17,062, which turned out to be the high for the day. Sustained selling across-the-board saw the index drop to a low of 16,836 – an intra-day swing of nearly 300 points. The Sensex finally closed near the day’s low with a loss of [...]
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