Indian shares were on course to stretch quarterly gains for seven in a row, their longest winning run in at least 20 years, riding a surge in foreign portfolio investment. Trading was choppy on Thursday on the last day for monthly derivatives contracts on the National Stock Exchange and weak Asian markets, but analysts said [...]
The Allahabad high court has decided that the disputed holy site in Ayodhya claimed by Muslims and Hindus is to be divided into 3 equal parts, with no party getting a complete entitlement. Sunni wakf board’s and Nirmohi Akhara’s title suit has been rejected. Judgement has also recognised the spot under the central dome where [...]
MindTree is currently trading at Rs 508.35, up by 4.85 points or 0.96% from its previous closing of Rs 503.50 on the BSE. The scrip opened at Rs 509.50 and has touched a high and low of Rs 510 and Rs 505.05 respectively. So far 2,352 shares were traded on the counter. The BSE group [...]
Commercial Engineers and Body Builders Commercial Engineers and Body builders is coming up with a 100% book building; initial public offering (IPO), to raise up to Rs 153 crore. The equity shares of Rs 10 each are being offered in a price band of Rs 125-127 per equity share. At least 60% of the issue [...]
Shares in Indian IT services firm Mahindra Satyam extended gains to as much as 12.3 percent on Wednesday ahead of the firm’s audited financial results review for fiscal years 2009 and 2010 on Sept. 29. At 1:18 p.m. (0748 GMT), the shares were trading up 11.6 percent at 106.30 rupees, while the main index .BSESN [...]
Shares in Sterlite Industries slumped as much as 8.2 percent on Wednesday morning, after the Economic Times said a court had ordered closure of the metal producer’s copper smelting plant in south India. The newspaper reported the Madras High Court’s order said the Tuticorin unit’s activities would result in a rise in pollution levels and [...]
Bedmutha Industries’ Initial Public Offer (IPO) having a price band of Rs 95-102 per equity share has been subscribed 0.42 times on the first day of its subscription i.e. September 28, 2010. The issue will close on October 1, 2010.It has so far, received bids for 3755180 shares against the issue size of 9000000 equity [...]
Meghmani Organics Limited engages in the manufacture and sale of pigments and agrochemicals worldwide. It operates in two divisions, Pigment and Agro Chemicals. The Pigment division manufactures and distributes phthalocynine green, copper phthalocynine blue etc. Its pigment products are used in various applications, including printing inks, plastics etc. By looking at attached weekly chart of [...]
Textiles maker Arvind Ltd said on Monday it plans to tap the low-cost Bangladesh market by setting up a denim manufacturing plant in Bangladesh and investing $60 million over three years. The planned expansion will take Arvind’s denim manufacturing capacity to 140 million meters, it said. Arvind will be setting up 30 million meters of [...]
Indian shares on Monday climbed more than 1% to scale a fresh 32-month high as economic data in the US bolstered sentiments across Asian markets. IT firm Mahindra Satyam fell more than 9% after it said late Friday it would delist from the New York Stock Exchange in mid-October due to non-compliance as it would [...]
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