Thomson Reuters | Last Updated: April 29, 2016 21:50 (IST)
UK telecom giant Vodafone has mandated Bank of America Merrill Lynch, Kotak and UBS as joint global coordinators for the IPO of its Indian unit, according to two sources.
Thomson Reuters | Last Updated: April 29, 2016 18:23 (IST)
The National Stock Exchange (NSE) has nominated Ashok Chawla, the former head of the Competition Commission of India, to become its new chairman, three sources close to the matter told Reuters.
NDTV Profit Team | Last Updated: April 29, 2016 16:09 (IST)
ICICI Bank, India's second-biggest private sector lender by assets, closed 1.3 per cent lower as its fourth-quarter net profit lagged estimates after provisions for bad loans jumped.
Thomson Reuters | Last Updated: April 29, 2016 13:44 (IST)
India's stock markets fell on Friday as ICICI Bank slumped more than 2 percent after reporting its smallest quarterly profit in nearly a decade, as indexes headed for their first weekly decline in three after disappointing quarterly results.
NDTV Profit Team | Last Updated: April 29, 2016 13:40 (IST)
Ambuja Cements was the top gainer in the Nifty, up 1.5 per cent followed by ONGC and ACC. Ambuja Cements reported strong earnings for the March quarter on the back of a 10 per cent increase in its volume. It reported a net profit of Rs 303 crore against Rs 110 crore year-on-year.
NDTV Profit Team | Last Updated: April 29, 2016 12:33 (IST)
Jubilant FoodWorks fell 4 per cent today at day's low of Rs 1,145, extending the sharp losses the shares suffered yesterday.
NDTV Profit Team | Last Updated: April 29, 2016 08:22 (IST)
Nifty showcased a good rally from level of 7,000 to 8,000 and idea of 'sell in May and go away' will hold true, says Sanjiv Bhasin, executive vice president - markets & corporate affairs with IIFL. Mr Bhasin adds that Nifty can fall by 300-400 points in the month of May but 7,500-7,600 will act as a strong support for the Nifty.
Thomson Reuters | Last Updated: April 29, 2016 07:37 (IST)
The benchmark S&P 500 had its worst day in three weeks, losing 19.34 points, or 0.92 percent, to 2,075.81, the Dow Jones industrial average fell 210.79 points, or 1.17 percent, to 17,830.76 and the Nasdaq Composite dropped 57.85 points, or 1.19 percent, to 4,805.29.
Thomson Reuters | Last Updated: April 29, 2016 07:27 (IST)
Against a basket of currencies, the greenback was down at 93.718, while the euro edged up to $1.1357 having amassed a 1 percent gain for the week so far.
Press Trust of India | Last Updated: April 28, 2016 21:28 (IST)
State-run lenders Indian Overseas Bank (IOB) and UCO Bank will be excluded from the NSE's Nifty Midcap 50 index from May 27.
Press Trust of India | Last Updated: April 28, 2016 20:40 (IST)
Jubilant Consumer on Thursday offloaded 3.6 per cent stake in Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains, for over Rs 303 crore through an open market transaction.
Press Trust of India | Last Updated: April 28, 2016 20:02 (IST)
State-owned hydropower producer NHPC Ltd's Rs 2,700 crore share sale on Thursday managed to scrape through as oversubscription by institutional bidders made good for over 40 per cent of retail portion which remained unbid for.
Thomson Reuters | Last Updated: April 28, 2016 15:12 (IST)
Shares of HCL Technologies Ltd lost 3 percent after the company reported March quarter earnings that were below analysts' estimates.
Varun Sinha | Last Updated: April 28, 2016 15:01 (IST)
HCL Tech shares fell nearly 5 per cent on Thursday, after India's fourth biggest IT services company missed revenue growth and profit estimates in its third quarter. HCL Tech was the top Nifty loser today.
Press Trust of India | Last Updated: April 28, 2016 14:28 (IST)
Government on Thursday invited bids from merchant bankers to assist in its stake sale in three PSUs - OIL, NFL and RCF - which could fetch around Rs 2,260 crore to the exchequer.
Press Trust of India | Last Updated: April 28, 2016 13:49 (IST)
Mutual Funds raised allocation for IT stocks to over Rs 41,000 crore at the end of March in view of the weakening rupee, which increases IT exporters' profitability.