After auto makers, PSA Peugeot Citroën and Ford, IT major Infosys Limited is vying for land in Gujarat. N R Narayana Murthy, chairman and chief mentor of the company, will meet Gujarat Chief Minister Narendra Modi on Tuesday to discuss setting up of a campus in the state. Speaking on the sidelines of the first [...]
Come January 2012 and the symbol of the Indian rupee will appear on computer keyboards in the same row where the numerals and symbols of other currencies, say dollar, exist. "The symbol is being approved by the Bureau of Indian Standards (BIS) and will be on the keyboards by January next year,” said N Ravi [...]
Benchmarks ended a rangebound session in the positive territory led by gains in realty, auto and banking space. Buying action was seen in broader markets as traders focused on midcaps and smallcap stocks after a rally in frontline stocks. Risk appetite is back in the global market after Greece bail-out and easing crude oil price. [...]
Shares in Welspun Corp were trading higher on Wednesday extending its gains from previous session of nearly 6 per cent on fund raising plans via private equity route. Welspun Corp announced its landmark deal with Apollo Global Management . Apollo will infuse about Rs.2,250 crore in Welspun Corp Limited (WCL), a leading pipe manufacturer and [...]
Equities were witnessing sustained buying activity across the board as investors took cues from positive cues from global peers. FMCG, power and metals were the top sectoral performers while oil&gas and auto were edged higher. At 2:45 pm; Bombay Stock Exchange’s Sensex was at 18696.08, up 203.63 points or 1.10 per cent. The 30-share index [...]
It may not have put on the ritz, but Toyota Motor Corporation has been swift enough in launching a small car in a market where much smaller Japanese rival Suzuki rules. The Etios Liva, Toyota’s first hatchback to hit Indian roads, is perhaps Maruti Suzuki’s most serious competition in a segment in which it controls [...]
The benchmark Nifty was consistently trading below the 5300 level after the news that Mauritius government agreed to restart talks of revising the Double Taxation Avoidance Agreement (DTAA) treaty with India. Finance Secretary said Mauritius gave in-principle nod to mull treaty review. He said they would discuss Mauritius tax treaty in July-August. He also said, [...]
Shares in mobile phone operator Reliance Communications and utility firm Reliance Infrastructure, both controlled by billionaire Anil Ambani, fell nearly nine percent each on Monday as investors reacted to a decision to drop the shares from the nation’s benchmark stock index. The two firms will be removed from Bombay Stock Exchange’s main index, or Sensex, [...]
Shares of the GTL group plunged on Monday, even as it is not yet clear what triggered the sell-off in them. Flagship GTL was down nearly 60% to Rs 135, and market talk is that the slide could have been accentuated by margin calls getting triggered. Promoters hold around 52% in the company, of which [...]
Panicky investors chose to dump GTL group shares on the back of three-pronged reasons: company’s higher debt, scrapping of fund raising plan and the Mauritius government’s tax treaty plan with India. At 10:40 hours, shares of GTL and GTL Infra plummented 60% and 40% respectively to Rs 138 and Rs 18 respectively. While analysts, tracking [...]
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