The Directorate General of Hydrocarbons (DGH), the nodal agency for development of hydrocarbons in India, has postponed clearing around Rs358 crore of expenditure claimed by Reliance Industries Ltd, or RIL, as “corporate office support” for developing oil and gas blocks allotted to it till the Comptroller and Auditor General of India (CAG) completes its audit. [...]
Helped by a 41% increase in net interest income and a higher proportion of low-cost deposits that kept funding costs down, India’s third largest private sector bank by assets Axis Bank Ltd on Thursday announced a 38% rise in net profit for the three months ended September. Axis Bank’s net profit rose to Rs735.15 crore [...]
IT major Infosys Technologies (Q,N,C,F)* today reported 13.15% growth in consolidated net profit at Rs 17.37 billion for the second quarter ended September 30. The company had a net profit of Rs 15.35 billion in the September quarter of the previous fiscal (2009-10), Infosys said in a filing to the Bombay Stock Exchange. The consolidated [...]
Adani group has started talks with Coal India Ltd (CIL) to take on board the state-owned company as a partner for developing the Australian mines that it recently bought in a Rs12,600 crore deal. “Talks have opened up between an Adani group firm and Coal India Ltd. Adani group is seeking to rope in CIL [...]
Indian equities ended sharply higher on Wednesday as foreign funds turned buyers across the board on hopes that the US Federal Reserve may pump more money to back the economy. National Stock Exchange’s Nifty ended at 6233.90, up 143.00 points or 2.35 per cent. The broader index hit a high of 6240.25 and low of [...]
Media baron Kalanithi Maran, who has raised his controlling stake in domestic carrier SpiceJet Ltd to about 53%, expects the regulator to approve this weekend an open offer for an additional 20% holding, two airline executives said on condition of anonymity. “Maran and his associate company KAL Airways Pvt. Ltd will be able to launch [...]
Equities gained momentum after a positive start as risk appetite was back in the market with foreign funds taking positions across the sectors. IT, realty and FMCG sectors led the upmove while power and pharma were catching-up. At 11:03 am, Bombay Stock Exchange’s Sensex was at 20442.48, up 239.14 points or 1.18 per cent. The [...]
For stock and share exchange there are two stock exchanges operating in India. They are Bombay Stock Exchange and National Stock Exchange of India. These two stock exchanges constitute Indian Stock Market. Bombay Stock Market is the oldest stock exchange and the largest. Located in the central part of Mumbai city there are many companies [...]
Apparel manufacturer Cantabil Retail today made a weak debut on the bourses, opening about 15 per cent lower against its issue price of Rs 135 on NSE. In a disappointment to its investors, shares of the company started the session with a discount of 15.03 per cent at Rs 114.70 on the National Stock Exchange. [...]
Nirma Ltd today soared nearly 18 per cent to hit one-year high on the Bombay Stock Exchange in early trade, driven by the detergent maker’s decision to delist shares. The company, on Saturday, said that it would delist shares from the Bombay Stock Exchange and the National Stock Exchange, and will acquire the entire non-promoter [...]
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