December 22, 2014 12:36 (IST)
The company said in a filing to BSE that it plans to issue 15.7 million GDRs amounting to $45.21 million. It represents around 15.7 million equity shares at a price of $2.88 per GDR, equivalent to approximately Rs 181.61 per equity share, which is over 14 per cent higher from its closing price of Rs 158.85 on Friday.
December 22, 2014 12:06 (IST)
IT stocks witnessed some profit booking today after two consecutive days of gains. HCL Tech was the top loser in Nifty, down 1.3 per cent. Infosys, Tech Mahindra and TCS also fell between 0.5 to 1 per cent. The IT sub-index of National Stock Exchange fell 0.6 per cent.
December 22, 2014 10:13 (IST)
Shares of Electrosteel Castings and Electrosteel Steel plunged on Monday after reports citing sources said the Central Bureau of Investigation (CBI) has registered case against the companies with allocation of coal block.
December 22, 2014 10:07 (IST)
Oil refiner Showa Shell Sekiyu was the highlight of the session, surging 25.6 per cent after media reported the oil refiner was in talks to be acquired by a larger rival, Idemitsu Kosan Co Ltd, for up to 500 billion yen ($4.2 billion) in a deal that could create Japan's second largest player in the domestic gasoline market.
December 22, 2014 09:47 (IST)
Indian markets were higher on Monday but could not sustain early gains. Tracking higher global markets, the BSE Sensex gained much as 130 points to 27,509, while the 50-share Nifty crossed the 8,250 mark.
December 22, 2014 09:43 (IST)
Bajaj Auto shares gained more than 1 per cent on Monday, with the stock outperforming the broader auto sub-index on the BSE in early trade.
December 22, 2014 08:26 (IST)
Indian stock markets are likely to be volatile in the holiday-shortened week. Derivative contracts for the December series will expire on Wednesday, a day ahead of schedule because of Christmas holiday on Thursday.
December 22, 2014 08:08 (IST)
A weak yen is a positive for Japanese exporters as it makes them more competitive abroad and increases profits when they are repatriated.
December 21, 2014 20:16 (IST)
The mutual fund industry is betting big on banking stocks as its equity exposure to the sector climbs to an all-time high of over Rs 70,000 crore in November amid the market rally.
December 21, 2014 20:16 (IST)
Overseas investors have poured in over Rs 14,000 crore in the Indian capital markets this month so far, taking total inflows to a staggering Rs 2.6 lakh crore this year.
December 21, 2014 18:59 (IST)
India has trimmed its holdings of US government securities to $77.5 billion at the end of October even as the world's largest economy is expanding at a moderate pace.
December 21, 2014 15:38 (IST)
The spectacular rally on Dalal Street has brought cheers for the minnows of the equity market, helping smaller stocks to outperform their large blue-chip peers with a bumper surge of up to 60 per cent in 2014.
December 21, 2014 15:23 (IST)
Led by Tata Consultancy Services (TCS) and Oil & Natural Gas Corp (ONGC), eight of the ten most valued companies added a combined Rs 55,171 crore to their market valuations in the week to December 19.
December 21, 2014 11:45 (IST)
Stock markets may remain volatile amid derivatives expiry in a holiday-shortened week ahead, according to experts.
December 21, 2014 11:24 (IST)
Indian stock markets should stabilise over the next few days after a roller-coaster week saw currencies, stocks and bonds suffer from the crash in Russian rouble.
December 20, 2014 12:04 (IST)
Looking at the macroeconomics, 2015 should be a continuation of the second half of 2014: strengthened GDP, falling inflation, a stable currency, and strong FII inflows. GDP can pick up to 6-7 per cent from the current 5-6 per cent levels. With interest rates kept high, we can expect inflation to remain low.
December 19, 2014 20:24 (IST)
Rupee expected to hold in 62.50 to 63.50 range
December 19, 2014 19:11 (IST)
The partially convertible rupee closed weaker at 63.2950/3050 per dollar compared with Thursday's close of 63.11/12. On the week, the unit dropped 1.6 percent, its worst weekly fall since its 1.8 percent decline in the week to August 1.
December 19, 2014 17:33 (IST)
Investors remained encouraged after the cabinet approved a constitutional amendment bill on Wednesday to rationalise state and central indirect taxes into a harmonised goods and services tax (GST).
December 19, 2014 16:49 (IST)
Monte Carlo shares listed at Rs 584 on the exchanges on Friday, nearly 9.5 per cent lower from the issue price of Rs 645. The stock slumped to Rs 530 on the National Stock Exchange, down 18 per cent from the issue price, before making some recovery.