Mukesh Ambani group firm Reliance Industries on Wednesday said it will issue one bonus share for every share held in the company. The board of directors of the company at its meeting held today, recommended issuance of bonus shares in the ratio of one equity share of Rs 10 each for each share held, RIL [...]
{ 0 comments }
At 10.40 am today, the Sensex touched the 17000 mark for the first time since May 23, 2008. Keen buying interest was seen in metal, auto, bank, capital goods and oil & gas stocks. However, FMCG stocks were trading weak. The broader indices, midcap and smallcap indices were up 0.50% each. Reliance, Infosys, ICICI Bank, [...]
{ 0 comments }
The Anil Dhirubhai Ambani Group (ADAG), which is involved in a bitter gas tussle with Mukesh Ambani?s Reliance Industries, has written to the Petroleum Ministry asking it to resolve the issue of marketing margin expeditiously. Reliance Industries sells gas to ADAG and other companies at a price of USD 4.2 per unit ? ADAG’s Reliance [...]
{ 0 comments }
GE has extended its multi-million dollar contract with Mahindra Satyam by three years from January 2010. It will cater to application development and engineering services. Commenting on the order, Arvind Malhotra, Global Account Executive of Mahindra Satyam said, ?The contract will contain the same kind of work, basically ERP implementation, application support and development and [...]
{ 0 comments }
NHPC listed at Rs 42 on the NSE this morning at a premium of 16.67% to its issue price of Rs 36 a share. However, the share slipped and was trading at Rs 37.20 at a premium of 3.33% to its issue price. The share touched an intraday high of Rs 42 at which it [...]
{ 0 comments }
The State-run NHPC has decided to be listed on the stock exchanges on the 1st of September, 2009 which will make it the first public sector firm to be available to trade under the second term of the Congress-led UPA government. “From September 1, 2009, the equity shares of NHPC Ltd shall be listed and [...]
{ 0 comments }
The Indian rupee has never had a symbol and this is the reason why the Indian government has decided to invite designs from the Indian public and judge by the number of entries received. According to the reports, the response has been phenomenal. Major currencies of the world like the US dollar, the pound sterling, [...]
{ 7 comments }
The BSE (Bombay Stock Exchange) announced the launch of a new BSE IPO index that will track the value of companies for two years after listing subsequent to successful completion of their initial public offering (IPO). Robust growth of the Indian economy at 6.7% in 2008-09, and the expectation of higher growth in the future [...]
{ 0 comments }
Pyramid Saimira Theatre Ltd has announced that a meeting of the Board of Directors of the Company will be held on August 25, 2009, to consider International offering of securities. The Board will also consider de-merger of subsidiary Company. The stock was trading at Rs.23.40, up by Rs.1.10 or 4.93%. The stock hit an intraday [...]
{ 0 comments }
New US economic data in the coming week will test the resilience of Wall Street US shares scaled fresh highs for the year on upbeat remarks by Federal Reserve chief Ben Bernanke and buoyant housing data. All three major market indexes were resting at new 2009 peaks at the end of trading Friday, buoyed by [...]
{ 0 comments }
On the start of a new week the Sensex fell 626 points to close at 14,785 while the Nifty lost 192 points to close the day at 4,388. It happened to be a shattering start of the week as the Indian markets kept trading in the red in the second consecutive session mirroring Friday. The [...]
{ 2 comments }
The gas battle is bubbling under pressure from all sides. Reliance Industries in a letter to the power and oil secretaries on August 12 has said all issues have been resolved with NTPC for signing gas sales and purchase agreements (GSPAs) for four power plants that are not in dispute. The NTPC board has discussed [...]
{ 0 comments }
