The deal, expected to close in eight weeks subject to final due diligence, will help Havells expand its reach into the $15-billion consumer durables market in India.
TCS shares rose as much as 1.6 per cent ahead of a scheduled meeting of the company's board during the day to discuss a share buyback.
Some profit-taking in banking and FMCG stocks offset gains in IT and pharma stocks. Analysts expect a consolidation in Indian markets after the sharp run-up witnessed in the past few months.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1% and back towards a 19-month peak set last week. Japan's Nikkei slipped 0.2% as domestic data showed exports disappointed in January even as imports outpaced forecasts.
Sebi) has shared with the government a list of foreign fund houses that are found to have issued the Offshore Derivative Instruments (ODIs) to Indian nationals.
The M-Cap of Reliance Industries soared by Rs 14,613.6 crore to Rs 3,48,828.60 crore while that of Infosys jumped by Rs 7,269.83 crore to Rs 2,29,625.56 crore.
The Sensex and Nifty have recorded their fourth straight weekly gains by surging 134.50 points, or 0.47 per cent, and 28.15 points, or 0.32 per cent, respectively.
Mr Tyagi will now join as the Securities and Exchange Board of India (Sebi) Chairman for an initial period of three years, official sources said today, without citing reasons behind the curtailment of his term.
HDFC Bank shares ended off highs, up 3.5 per cent, after RBI again put restrictions on FII buying.
HDFC Bank shares ended 3.59 per cent higher at Rs 1,375, paring gains on some profit-taking.
Companies will be required to submit compliance report confirming compliance with the circular and accounting standards duly certified by company secretary, CFO and managing director.
Reacting to the exclusion, the scrip of Idea tumbled 5.74 per cent to Rs 101.65 while that of BHEL went lower by 2.47 per cent to Rs 149.55 on NSE.
Shares of HDFC Bank rose as much as 9.5 percent to a record high of Rs 1,454, after the Reserve Bank of India removed the bank from the ban list for foreign institutional investors.
NBCC has fixed February 21, 2017 as the record date for the purpose of issue of ascertaining the eligibility of shareholders for issuance of bonus shares.
The Sensex rose over 300 points while Nifty edged above 8,850, led by an 8 per cent surge in HDFC Bank.
The S&P 500 consumer discretionary index lost 0.44 percent, with TripAdvisor sinking 10.97 percent after posting lower-than-expected quarterly revenue and profit.
The markets appear to be in an indecisive phase with the Nifty trading in a range of 8,710-8,810, says Imtiyaz Qureshi, co-founder and director of Investeria Financial Services.
According to the Edelweiss Forex rates annual currency outlook 2017, the outperformance of the rupee is unlikely to continue and US weak dollar policy can create some downside pressure on USD/INR in the near term.
Dilip Buildcon, Larsen & Toubro Infotech, L&T Technology Services, ICICI Prudential Life Insurance Company, Quess Corp, Mahanagar Gas, Parag Milk Foods, Thyrocare Technologies, Future Retail are among the 25 companies to be included in the Nifty 500 index.