Bill Gates buys stake in Mexican company
March 18th, 2011 - 11:34 am ICT by IANS
Mexico City, March 18 (IANS/EFE) Microsoft chairman Bill Gates has acquired a 14.7 percent stake in a Mexican company, the largest Coca-Cola bottler in Latin America.The firm, Femsa, confirmed that ... Read more...
Posted in Business |
NALCO approves stock split, issues bonus shares
March 5th, 2011 - 5:02 pm ICT by IANS
Bhubaneswar, March 5 (IANS) State-run National Aluminium Company Limited (NALCO) Saturday said it had decided to go for capital restructuring by splitting an equity share of Rs.10 into two equity ... Read more...
Posted in Business |
Spanish firm files for delisting from New York Stock Exchange
February 24th, 2011 - 12:21 pm ICT by IANS
Washington, Feb 24 (IANS/EFE) Spanish energy company Repsol-YPF officially informed the US Securities and Exchange Commission (SEC) of its decision to delist from the New York Stock Exchange, where its shares had ... Read more...
Posted in Business |
Sun TV denies rumours of top level changes
February 18th, 2011 - 3:01 pm ICT by IANS
Chennai, Feb 18 (IANS) Even as the media world is agog with rumours of top level changes at Sun TV Network Ltd with its Chief Executive Officer Ajay Vidyasagar putting in his ... Read more...
Posted in Business |
Marketcap of Rs.3 lakh crore destroyed by bear cartel: ADAG
February 10th, 2011 - 3:19 pm ICT by IANS
New Delhi, Feb 10 (IANS) The Reliance Dhirubhai Ambani Group (R-ADAG) Wednesday said an illegal bear cartel had destroyed market capitalisation worth a whopping Rs.3 lakh crore ($66 billion) in recent days ... Read more...
Posted in Business |
Opposition steps up stir against Bangladeshi PM
February 7th, 2011 - 10:50 pm ICT by IANS
Dhaka, Feb 7 (IANS) Bangladesh's main opposition, which announced a further agitation against the government at the end of a day-long strike Monday, has been accused by Prime Minister Sheikh Hasina ... Read more...
Posted in Politics |
Bangladesh stock markets recover a day after record fall
January 11th, 2011 - 5:07 pm ICT by IANS
Dhaka, Jan 11 (IANS) Share prices shot up with the resumption of trading Tuesday shrugging off Monday's record fall that forced authorities to close the country's two exchanges and take measures ... Read more...
Posted in Business |
Bangladesh stock market closed after collapse
January 10th, 2011 - 6:04 pm ICT by IANS
Dhaka, Jan 10 (IANS) Stock exchanges in Bangladesh were forced to close down for the day Monday after share prices registered their biggest fall ever and investors took to the streets.Angry ... Read more...
Posted in Business |
JSW to buy Ispat to become India’s largest steel producer
December 21st, 2010 - 7:05 pm ICT by IANS
Mumbai, Dec 21 (IANS) Sajjan Jindal-led JSW Steel Tuesday said it will buy controlling interest in Ispat Industries at an enterprise value of $3 billion to emerge as India's largest producer of ... Read more...
Posted in Business |
IFRS will boost investors’ confidence: Mukherjee
November 27th, 2010 - 9:38 pm ICT by IANS
Kochi, Nov 27 (IANS) The use of globally accepted accounting framework, International Financial Reporting Standards (IFRS), will boost investors' confidence in Indian markets, Finance Minister Pranab Mukherjee said Saturday."India, as a ... Read more...
Posted in Business |
Nirma shareholders vote for delisting
November 22nd, 2010 - 3:56 pm ICT by IANS
Mumbai, Nov 22 (IANS) Shareholders of detergent manufacturer Nirma Monday voted for delisting the company from the stock exchanges.As many as 99.8 percent of the valid votes were in favour of delisting, ... Read more...
Posted in Business |
Technical snag hits BSE, trading halted till 2.30 p.m
November 1st, 2010 - 3:48 pm ICT by IANS
Mumbai, Nov 1 (IANS) One of the leading stock exchanges in the country, the Bombay Stock Exchange (BSE), halted trading Monday due to a technical glitch and said trading would resume ... Read more...
Posted in Business |
Dr. Reddy’s reports 37 percent jump in profit for 2nd quarter
October 23rd, 2010 - 5:59 pm ICT by IANS
New Delhi, Oct 23 (IANS) Pharmaceutical major Dr. Reddy's Laboratories Saturday reported a net profit of Rs.2.9 billion ($64 million) for the quarter ended Sep 30, which adds up to a 32 ... Read more...
Posted in Business |
Coal India oversubscribed 1.57 times
October 19th, 2010 - 7:21 pm ICT by IANS
Mumbai, Oct 19 (IANS) State-run Coal India's $3.5 billion dollar initial public offering (IPO), the biggest in the history of Corporate India, was subscribed 1.57 times Tuesday.The issue at a price band ... Read more...
Posted in Business |
Coal India IPO subscribed 34 percent, employee quota may go abegging (Lead)
October 18th, 2010 - 8:09 pm ICT by IANS
Mumbai/Kolkata, Oct 18 (IANS) State-run Coal India's $3.5 billion dollar initial public offering (IPO), the biggest in the history of Corporate India, was subscribed up to 34 percent on opening day Monday, ... Read more...
Posted in Business |
India’s second financial hub in Kolkata
October 13th, 2010 - 4:57 pm ICT by IANS
Kolkata, Oct 13 (IANS) Finance Minister Pranab Mukherjee Wednesday laid the foundation stone of the country's second financial hub, after the Bandra-Kurla Complex in Mumbai, at Jyoti Basu Nagar in the ... Read more...
Posted in Business |
REC gets RBI nod to raises FII stake limit to 35 percent
October 1st, 2010 - 5:01 pm ICT by IANS
New Delhi, Oct 1 (IANS) State-owned Rural Electrification Corporation (REC) said Friday it has got approval from the Reserve Bank of India to raise the foreign institutional investor stake limit in the ... Read more...
Posted in Business |
Satyam Computer skids a day after post-fraud results
September 30th, 2010 - 3:12 pm ICT by IANS
Mumbai, Sep 30 (IANS) The shares of Satyam Computer Services skided Friday, a day after its new management unveiled its results following a shocking $1.75-fraud perpetrated by its erstwhile promoters that ... Read more...
Posted in Business |
Satyam Computer fraud now estimated at $1.75 billion
September 29th, 2010 - 8:22 pm ICT by IANS
Hyderabad, Sep 29 (IANS) Financial irregularities perpetrated by the original promoters of Satyam Computer Services led by B. Ramalinga Raju resulted in a Rs.78.55 billion ($1.75 billion) impact on the company's ... Read more...
Posted in Business |
Disinvestment in Manganese ORE establishment approved
September 9th, 2010 - 5:09 pm ICT by ANI
New Delhi, Sep 9 (ANI): The Cabinet Committee on Economic Affairs (CCEA) today approved the disinvestment of ten per cent of total paid up equity of Manganese ORE (India) Ltd. (MOIL) out ... Read more...
Posted in National |
NDTV says in talks for its lifestyle business
August 19th, 2010 - 1:16 pm ICT by ANI
New Delhi, Aug.19 (ANI): New Delhi Television Ltd. (NDTV) has revealed that it is in talks for a "strategic alliance" for its lifestyle business."The proposed alliance is only at the stage of ... Read more...
Posted in Business |
Jaipur Stock Exchange suspends trading in BoR scrip
August 18th, 2010 - 9:53 pm ICT by IANS
Chennai, Aug 18 (IANS) The Jaipur Stock Exchange (JSE) Wednesday suspended trading in shares of Bank of Rajasthan (BOR) with immediate effect for violation of listing agreement, Securities Contract (Regulation) Act and ... Read more...
Posted in Business |
Brazilian, Chilean airlines announce plans to merge
August 14th, 2010 - 10:52 pm ICT by IANS
Rio de Janeiro, Aug 14 (IANS/EFE) The TAM Linhas Aereas Airline of Brazil and LAN Airline of Chile have announced plans to merge to form a new entity named LATAM Airlines Group.
The ... Read more...
Posted in Business |
R-COM revenues up, but profit down on forex adjustments
August 13th, 2010 - 7:41 pm ICT by IANS
Mumbai, Aug 13 (IANS) Reliance Communications (R-COM) Friday reported a marginal rise in its revenues for the first quarter of 2010-11 at Rs.5,109 crore, against Rs.5,093 crore for the quarter ended March ... Read more...
Posted in Business |
Geojit BNPP launches a investor education road show
August 2nd, 2010 - 9:08 pm ICT by IANS
Thiruvananthapuram, Aug 2 (IANS) National Stock Exchange Managing director Ravi Narain Monday flagged off a road show on "How to get started in the Capital Market", a Geojit BNP Paribas investor education ... Read more...
Posted in Business |
Tamil version of investor education and protection fund website launched
July 17th, 2010 - 10:16 pm ICT by ANI
Chennai, July 17(ANI): Union Corporate Affairs Minister Salman Khurshid on Saturday launched the Tamil version of the Investor Education and Protection Fund (IEPF) website in Chennai.Khurshid also released the beginner's guide on ... Read more...
Posted in National |
Amrutanjan withdraws buy-back offer
July 15th, 2010 - 4:55 pm ICT by IANS
Chennai, July 15 (IANS) City-based Amrutanjan Healthcare has withdrawn its buy-back offer of equity shares.
In a filing with the stock exchanges Thursday, the Rs.3.03 crore equity-based company said that the market ... Read more...
Posted in Business |
West Bengal proposes joint venture capital fund with centre
July 13th, 2010 - 7:43 pm ICT by IANS
Kolkata, July 13 (IANS) West Bengal Finance Minister Asim Dasgupta Tuesday
proposed a joint venture capital fund with the centre to facilitate small and medium scale industries in the state."My suggestion is, if ... Read more...
Posted in Business |
Government to launch investor awareness campaign
July 8th, 2010 - 4:33 pm ICT by IANS
New Delhi, July 8 (IANS) The corporate affairs ministry Thursday said it will organise awareness camps across the country to attract investments into the corporate sector.
"There is significant household savings available with ... Read more...
Posted in Business |
Reliance MediaWorks ups stake in Fame India to 15.77 percent
July 7th, 2010 - 4:26 pm ICT by IANS
Mumbai, July 7 (IANS) Reliance MediaWorks, the film and media services firm of the Anil Dhirubhai Ambani Group (ADAG), Wednesday said it has purchased an additional 0.05 percent stake in Fame India, ... Read more...
Posted in Business |
Boards of two energy firms of Anil Ambani group to decide merger
July 3rd, 2010 - 3:21 pm ICT by IANS
Mumbai, July 3 (IANS) The boards of two energy firms belonging to the Reliance Anil Dhirubhai Ambani Group (ADAG), one in the business of generating power and the other that trades and ... Read more...
Posted in Business |
Two energy firms of Anil Ambani group set to merge
July 2nd, 2010 - 7:38 pm ICT by IANS
Mumbai, July 2 (IANS) The Reliance Anil Dhirubhai Ambani Group (ADAG) Friday said the boards of two of its companies -- one in the business of generating power and the other that ... Read more...
Posted in Business |
Reliance Communications to de-merge telecom infrastructure arm
June 14th, 2010 - 8:41 pm ICT by IANS
Mumbai, June 14 (IANS) Reliance Communications, part of the Anil Dhirubhai Ambani group, Monday said it will recast the ownership of a wholly-owned arm to create what it called "the world's largest ... Read more...
Posted in Business |
Dunlop says all its shares can now be traded
June 1st, 2010 - 6:57 pm ICT by IANS
Kolkata, June 1 (IANS) Dunlop India Tuesday said the Bombay Stock Exchange (BSE) has allowed trading of 2.7 crore shares of the company issued on rights basis to the shareholders.
Dunlop India said ... Read more...
Posted in Business |
Brazil oil firm sets oil output record in April
May 9th, 2010 - 12:32 pm ICT by IANS
Rio de Janeiro, May 9 (IANS/EFE) Brazilian state-controlled energy giant Petrobras set a new monthly record for oil output in April, producing an average of 2.03 million barrels of crude per day ... Read more...
Posted in Business |