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Birla Corp to lay off staff at vinoleum division

November 17th, 2009 - 7:06 pm ICT by IANS -
Kolkata, Nov 17 (IANS) Birla Corp, the flagship company of the M.P. Birla group, has informed stock exchanges that a "layoff" would take place at its vinoleum division from Tuesday. "Birla Corporation Ltd ...

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Sun Pharma gets US nod for leukaemia drug

November 17th, 2009 - 12:09 pm ICT by IANS -
Mumbai, Nov 17 (IANS) Indian drug major Sun Pharmaceuticals Tuesday said it has secured tentative approval from the United States Food and Drugs Administration for the generic version of Gleeven, used to ...

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Sensex rises 183 points to close above 17,000 (Roundup)

Sensex rises 183 points to close above 17,000 (Roundup)

November 16th, 2009 - 6:46 pm ICT by IANS -
Mumbai, Nov 16 (IANS) Strong global sentiments, the positive weekend numbers on industrial output and cues from the government on its divestment plans helped Indian equities make handsome gains Monday, with ...

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Sensex crosses 17,000 points, Nifty breaches 5,000-mark (Fourth Lead)

Sensex crosses 17,000 points, Nifty breaches 5,000-mark (Fourth Lead)

November 16th, 2009 - 5:25 pm ICT by IANS -
Mumbai, Nov 16 (IANS) Buoyed by the positive weekend numbers on industrial output and cues from the government on its divestment plans, a key index of Indian equities markets Monday rose ...

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Sensex ruling firm, up 202 points (Third Lead)

Sensex ruling firm, up 202 points (Third Lead)

November 16th, 2009 - 4:28 pm ICT by IANS -
Mumbai, Nov 16 (IANS) Buoyed by the positive weekend numbers on industrial output and cues from the government on its divestment plans, Indian equities continued to trade firm Monday afternoon, with ...

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Sensex 191 points up early afternoon (Second Lead)

Sensex 191 points up early afternoon (Second Lead)

November 16th, 2009 - 3:02 pm ICT by IANS -
Mumbai, Nov 16 (IANS) Buoyed by the positive weekend numbers on industrial output and cues from the government on its divestment plans, Indian equities continued to trade in the green Monday ...

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Bourses allowed to set derivative contract expiry date

November 13th, 2009 - 8:06 pm ICT by IANS -
Mumbai, Nov 13 (IANS) India's equities markets regulator Friday decided to allow stock exchanges the flexibility to set the expiry date for equity derivatives. "Based on recommendations of the Secondary Market Advisory Committee, ...

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Government begins process for road map on divestment

Government begins process for road map on divestment

November 13th, 2009 - 5:11 pm ICT by IANS -
New Delhi, Nov 13 (IANS) The government has asked all ministries to compile a list of state-run firms for sale of stake and listing on stock exchanges, even as it expects ...

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Murthy’s wife sells 2 mn Infosys shares for Rs.4.3 bn (Lead)

November 5th, 2009 - 10:51 pm ICT by IANS -
Bangalore, Nov 5 (IANS) Sudha Murthy, wife of Infosys' Technologies co-founder N.R. Narayana Murthy, sold two million shares of her holding in the IT bellwether for over Rs.430 crore (Rs.4.3 billion/$91.5 million), ...

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Murthy’s wife sells 1.6 mn Infosys shares for Rs.4.3 bn

November 5th, 2009 - 8:50 pm ICT by IANS -
Bangalore, Nov 5 (IANS) Sudha Murthy, wife of Infosys Technologies co-founder N.R. Narayana Murthy, sold 1.6 million shares of her holding in the IT bellwether for over Rs.430 crore (Rs.4.3 billion/$91.5 million), ...

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CPSEs should need mandatory listing of 10 per cent public ownership: Govt.

November 5th, 2009 - 6:23 pm ICT by ANI -
New Delhi, Nov 5(ANI): The Government on Thursday decided that all profitable listed Central Public Sector Enterprises (CPSEs) should meet the mandatory listing of 10 percent public ownership. It has also been ...

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Public issue, listing must for all profitable state-run firms

Public issue, listing must for all profitable state-run firms

November 5th, 2009 - 4:01 pm ICT by IANS -
New Delhi, Nov 5 (IANS) In a major push to the economic liberalisation process, India has decided to ensure at least 10 percent public holding in all profitable state-run firms that ...

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Five state-run firms to get higher Maharatna status

November 1st, 2009 - 9:04 pm ICT by IANS -
Kolkata, Nov 1 (IANS) The centre has decided to confer within a month the status of "Maharatna" - a newly rolled-out grade for public sector enterprises - on at least five companies, ...

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Regulator cautions insurers on terror funds

November 1st, 2009 - 6:34 pm ICT by IANS -
New Delhi, Nov 1 (IANS) Insurance Regulatory Development Authority (IRDA) has cautioned insurance companies against policy holders whose identity matches that of those on the United Nations' list of terrorists or organisations ...

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SEBI asks markets to watch out for terror financers

October 26th, 2009 - 12:40 am ICT by IANS -
Mumbai, Oct 25 (IANS) Market regulator, the Securities and Exchange Board of India (SEBI), has asked all stock exchanges and securities intermediaries to inform "within 24 hours" the home ministry if they ...

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Trading hours extended at Indian bourses

October 23rd, 2009 - 6:26 pm ICT by IANS -
Mumbai, Oct 23 (IANS) Indian markets regulator Friday agreed to extend trading hours at the bourses to 9 a.m. to 5 p.m. In a circular issued to stock exchanges and market participants, the ...

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Cabinet approves five percent disinvestment in NTPC

October 19th, 2009 - 5:08 pm ICT by ANI -
New Delhi, Oct 19 (ANI): The Cabinet Committee on Economic Affairs (CCEA) today gave its approval for disinvestment of five percent paid up equity capital of National thermal Power Corporation (NTPC), out ...

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Government encouraging listing of state-owned firms: PM

Government encouraging listing of state-owned firms: PM

October 15th, 2009 - 9:43 pm ICT by IANS -
New Delhi, Oct 15 (IANS) Prime Minister Manmohan Singh Thursday reiterated his government's commitment to listing state-owned companies on the stock exchanges, saying this would "unlock" their true value. "Our government is ...

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Bharti scrip out of rut, closes 4 percent up (Second Lead)

Bharti scrip out of rut, closes 4 percent up (Second Lead)

October 1st, 2009 - 6:57 pm ICT by IANS -
Mumbai, Oct 1 (IANS) Bharti Airtel shares, which opened on a firm note Thursday, ended 4 percent higher than its previous close, a day after the firm had to terminate the ...

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Bharti shares continue to trade strong (Lead)

Bharti shares continue to trade strong (Lead)

October 1st, 2009 - 2:14 pm ICT by IANS -
Mumbai, Oct 1 (IANS) Bharti Airtel shares, which opened on a firm note Thursday, continued to trade in positive terrain after the firm had to terminate the proposed $24-billion equity-swap-cum strategic ...

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Delhi Stock Exchange to start online trading

September 4th, 2009 - 8:58 pm ICT by IANS -
Mumbai, Sep 4 (IANS) Delhi Stock Exchange (DSE) has received 110 membership applications from brokers for deposit-based trading and plans to launch an online trading platform, said a top official here Friday. One ...

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‘All profitable PSEs should be listed on stock exchanges’

September 1st, 2009 - 11:41 pm ICT by IANS -
Kolkata, Sep 1 (IANS) All profitable public sector enterprises (PSEs) should be listed on the stock exchanges to realise their true worth and raise funds for the social sector and infrastructure projects, ...

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No chances of terrorists manipulating stock market: Government

August 11th, 2009 - 9:56 pm ICT by IANS -
New Delhi, Aug 11 (IANS) There was no possibility of terror outfits manipulating the country's stock market, the government informed the Supreme Court Tuesday. "The government, at present, does not have any reliable, ...

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Shenzhen golf resort firm opens world’s largest practice putting green

July 28th, 2009 - 4:56 pm ICT by ANI -
Shenzhen (China), July 28 (ANI): Shenzhen is home to hundreds of factories, one of China's two mainland stock exchanges, a theme park called Window on the World that features more than 100 ...

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Mechanism to check ‘vanishing’ companies exists: Khurshid

July 20th, 2009 - 8:50 pm ICT by IANS -
New Delhi, July 20 (IANS) The government has an elaborate mechanism to trace companies that "vanish" after raising money from the public, Corporate Affairs Minister Salman Khurshid said Monday. A central Coordination and ...

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Rail Budget 2009-10: Overall Positive For The Stock Market

Rail Budget 2009-10: Overall Positive For The Stock Market

July 3rd, 2009 - 4:20 pm ICT by GD -
The Stock markets remained steady as the Railway Minister, Mamata Banerjee presented a "pro-people" railway budget in the Lok Sabha. The Railway related stocks picked up as Ms. Banerjee declared a ...

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Government issues stricter delisting norms

June 15th, 2009 - 9:24 pm ICT by IANS -
New Delhi, June 15 (IANS) Companies that have incurred losses for three consecutive years and have negative net worth can be delisted, the government and the securities market regulator announced Monday. Companies can ...

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Telecom industry rings in with directory full of expectations

May 19th, 2009 - 11:42 am ICT by IANS -
By Pupul Dutta New Delhi, May 19 (IANS) Allocation of frequency for telecom service providers and new rules for subscribers to switch operators using the same telephone numbers are among the policy initiatives ...

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Markets shut for the day after hitting upper circuit again (Second Lead)

Markets shut for the day after hitting upper circuit again (Second Lead)

May 18th, 2009 - 1:47 pm ICT by IANS -
Mumbai, May 18 (IANS) Indian equities markets were shut for the rest of the day after hitting the upper circuit twice Monday, with a key index soaring another 309 points within ...

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DLF promoters to sell 10 percent stake in company

May 13th, 2009 - 12:33 pm ICT by IANS -
Mumbai, May 13 (IANS) Realty major DLF announced Wednesday its promoters would sell close to 168 million shares or about 10 percent of their stake in the company to infuse capital in ...

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