April 09, 2013 13:54 (IST)
Nomura maintained its rating on Bharat Heavy Electricals Ltd (BHEL) at "reduce" and also retained its target price at 174 rupees, warning the company is at the start of a "bad" earnings cycle as orders won during a time of rising competition and lower utilisation would further hurt margins.
February 21, 2013 20:29 (IST)
TPG Capital, which held its stake in Shriram Transport Finance Company through Newbridge India Investment Ltd, sold 2.26 crore shares (amounting to 9.98 per cent stake) in the firm, as per data available with stock exchanges. The shares were sold on an average price of Rs 715.15 valuing the deal size at Rs 1,612 crore, data showed.
December 02, 2012 18:04 (IST)
About 200 listed companies with promoter stake of more than 75 per cent are set for some tough talk from Sebi, which is mulling options including monetary penalties and eventual delisting of non-compliant entities.
November 11, 2012 20:05 (IST)
Diageo Plc has agreed to buy a majority stake in United Spirits Ltd, controlled by Vijay Mallya, for $2.1 billion, fuelling a push by the world's biggest spirits group into fast-growing markets.
October 17, 2012 15:37 (IST)
IndusInd Bank has picked three banks including Morgan Stanley and Asia-Pacific brokerage CLSA for a sale of shares that could raise between $250 million and $300 million, two sources with direct knowledge of the matter said.
October 15, 2012 09:03 (IST)
Ace investor Rakesh Jhunjhunwala's Rare Enterprises acquired 12.50 lakh shares of D B Realty in a deal worth over Rs 11 crore through open market on Friday.
October 04, 2012 16:54 (IST)
Private sector lender Srei Infrastructure Finance (SIFL) today said it has sold its 38 per cent stakes in the derrik lay barge Quippo Prakash to a Malaysian firm SapuraKencana for a realisation of USD 122 million.
September 07, 2012 20:02 (IST)
Hershey Co plans to buy the remaining 49 percent in its Indian joint venture with Godrej Industries Ltd that it does not already own, giving it full control of a chocolate business in one of the world's biggest markets.
Reported By: Press Trust of India | September 05, 2012 18:16 (IST)
Jindal Steel and Power (JSPL) today announced completion of its acquisition of CIC Energy and said it will invest up to $700 million in next 3 years for setting up facilities at the Canadian firm's properties in Botswana.
Reported By: Press Trust of India | September 05, 2012 08:44 (IST)
In an arbitration petition filed by Tata Capital against Deccan Chronicle Holdings Ltd (DCHL) for recovery of Rs 101 crore loan, the Bombay High Court, on Tuesday, restrained DCHL from selling or disposing of its building in Lower Parel area of Central Mumbai.
Reported By: NDTV Correspondent | September 05, 2012 08:12 (IST)
The lenders have asked the airline to strengthen its security base, and have sought a presentation from chairman Vijay Mallya on how he plans to turn around the airline's fortunes, sources said.
Reported By: Press Trust of India | Mumbai | September 04, 2012 16:16 (IST)
Reliance Capital, the financial services arm of Anil Ambani-led group, today said it has got sufficient resources for entering the banking sector and it is awaiting regulatory guidelines to make the move.
Reported By: Reuters | September 04, 2012 14:32 (IST)
Software services provider Tech Mahindra said on Tuesday it has bought Hutchison Whampoa Ltd's back-office call centre business in the country for $87.1 million.
Reported By: Reuters | September 03, 2012 12:50 (IST)
Shares in India's No. 3 steelmaker JSW Steel Ltd fell 0.4 per cent on worries over earnings and value dilution as a result of the merger with JSW Ispat Steel Ltd.
Reported By: Reuters | September 03, 2012 11:40 (IST)
Shares in Tata Motors gained as much as 2.2 per cent after August vehicle sales were in line with market expectations while domestic sales growth surprised positively.
Reported By: NDTV Correspondent | September 01, 2012 17:18 (IST)
JSW Ispat is to be merged with JSW Steel, the boards of directors of the steel major decided on Saturday. The Steel-Ispat merger is in the ratio of 1:72, a share of JSW Steel for 72 shares of JSW Ispat.
Reported By: Reuters | August 31, 2012 10:05 (IST)
UBS downgraded Axis Bank to "neutral" from "buy", citing "increasing" quality risks, "muted" earnings growth and a 28 per cent share price increase in the Indian lender so far this year.
Reported By: Reuters | August 31, 2012 09:47 (IST)
Citigroup has downgraded Reliance Industries to "neutral" from "buy", but raised its target price to Rs 847 from Rs 818.
Reported By: Reuters | August 30, 2012 14:59 (IST)
J.P. Morgan has initiated coverage of Sesa Goa with an "overweight" rating and a September 2013 target price of Rs 240.
Reported By: NDTV Correspondent | August 30, 2012 12:55 (IST)
Shares in cable TVS distributor Hathway Cables and Datacom traded 5 per cent higher at Rs 181.80 while Dish TV gained 1 per cent. Dish TV, BAG Films and Sun TV shares also traded higher.