Taking heed of the global cues, and the upward movement in the Wall Street yesterday the BSE sensex moved upwards and has risen by over hundred points in early trade. Some of the major sectors that showed a positive stride today included real estate and metal stocks. With Asian markets remaining firm, experts believe that [...]
Adani Power,the flagship firm of Adani Group, is in news for its plan to enter the capital markets alongwith a starting public offering of not less than 301,652,031 shares for Rs 10 each for cash. This huge interest in upcoming Adani IPO has been noticed very recently. This new issue is expected to start on [...]
After many days of downfall, the Indian Rupee makes significant gains for the second consecutive day. The rise was noticed from Wednesday afternoon. These gains renewed new hopes for more and more capital inflow with local shares. Moreover, they also boosted the sentiments attached with the Asian units. Earlier the Indian Rupee was at 49.47 [...]
It seems like Anil Ambani is expanding his horizons and on Wednesday he went on to announce a over $800 million deal with legendary filmmaker Steven Spielberg. The tie-up is directed at producing around six films a year for global audiences and is one of the largest deals in entertainment sector involving an Indian company. [...]
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It seems like effects of global scare of Swine Flu has affected IT companies in India the most. With news of Google temporarily shutting down one of its offices in Hyderabad for 2 days already doing the rounds, there is already speculation that Wipro has kept its offices on high alert in the city. A [...]
Mahindra Holidays and Resorts India Ltd listed 7 percent higher that its issue price on Thursday which stood at Rs. 300. This also marks the end of the dearth in IPOs (Initial Public Offers) that lasted more than 15 months. In the National Stock Exchange, the shares of Mahindra Holidays listed at Rs. 324.90 whereas [...]
IT bellwether Tata Consultancy Services (TCS) was the pick of the companies at Dalal Street on Monday, with its shares rose impressively by 12 percent following the company’s incredible performance in the first quarter that ended on 30 June. For the first quarter of the year, the Indian IT giant’s net profit increased considerably to [...]
Nagarjuna Construction Company notified that it has bagged three infrastructure projects worth Rs 776 crore from different vendors. Of its three big projects, its order of Rs 600 crore from Employees State Insurance Corporation is the most considerable one, followed by a Rs 136 crore contract from Mezgaon Dock Ltd, as well as Rs 40 [...]
The Business Standard on Monday construed that Maytas Infrastructure Limited, a firm associated with fraud-stricken Satyam, has decided to put its stake in a couple of expressway projects on sale to generate some liquidity. The report cited that the company will sell 36 percent of its half stake each in Hyderabad Pvt Ltd and Cyberabad [...]
A failed endeavour at raising the count of its third-generation (3G) service subscribers to 1 lakh within a period of two months could eventually prompt BSNL emulating its public sector cousin MTNL and calling on international firms to run these next generation services for a decade on revenue-sharing terms. Asserting on the possibility of assuming [...]