Tata Chemicals has entered into an exclusivity agreement for negotiations with Indorama Holdings for the potential sale of its fertilizer business. The spin-off was anticipated for quite some time and the deal seems to be mutually beneficial.
Foreseeing increased energy demand in years to come, GAIL had entered into long-term contracts for importing US shale gas, which is scheduled for delivery from the beginning of next year.
The stock market in India currently opens at 9 am and closes at 3.30 pm, but there is a view -- including among stock exchanges -- that the trade hours could be extended to better align domestic trading with global markets.
Management dismissed rumours of pledged shares being sold in the market; calls it malicious in nature.
The Street is worried that in FY18 there will be more pressure on margins and the working capital cycle will be extended thus putting further pressure on the liquidity and coverage ratio.
The group CEO Sameer Nair is stepping down from the role effective July 15, 2017. While the transformation journey at Balaji has started, a senior-level exit gets investors jittery if the turnaround plan will continue to keep pace
Amazon confirmed winning government approval for its plan to sell food products, but it declined to provide further details.
Savvy investor Porinju Veliyath’s recent pick is one such construction company - Raunaq EPC International. The investor has recently bought 35000 shares recently at Rs 143.26 a share.
Over the past few years, it has expanded its reach (particularly in international markets) and added huge manufacturing capacity with focus on high-value products and branding. These past efforts are now expected to yield results.
Although Nitin Spinners doesn’t have a unique product line or process, what puts it on the map for investors is its performance potential for the forthcoming years.
Consumer goods majors Hindustan Unilever, and Procter and Gamble, among others are rejigging production strategies or firming up product prices to balance out the likely impact on taxes from GST.
The best strategy for investors is to buy quality stocks on dips on any correction towards 9000, experts suggest.
Investors bet on the company after it received an order from Mumbai International Airport to develop land parcels around it. The firm will pay a refundable security deposit of Rs 329.35 crore for the same
The Tata Group firm told the exchanges that consumer sentiment and demand had recovered in the March quarter and sales traction was seen across all divisions.
The Supreme Court granted today time till May 31 to liquor manufacturers to remove their stock lying in Bihar where sale and consumption of all types of liquor have been banned.
Reliance Defence and Engineering Ltd made a disclosure to stock exchanges with respect to "purchase and creation of pledge of equity shares" in the company.
SP Tulsian suggests investors to stay cautious and advises long-term investors to buy the stock at Rs 500-515 with a view of one year.
A capital raise by Tesla has been anticipated since late last year, gaining steam last month after Chief Executive Elon Musk said the company could be "close to the edge" on cash needs.
From an economy, stock market and corporate perspective, it is not the headline grabbing reforms that matter anymore. Rather it is the execution of some of the key reforms already underway--mainly GST-- that will make all the difference
Sugar stocks are rallying on the back of low production output of the commodity. Vijay Banka of Dwarikesh Sugar Industries says that prices of the sweetener is reasonable and there is enough stock in the system.
According to a report in the Economic Times, the market regulator has penned a letter to the Reserve Bank stating that the latter‘s intervention without consulting with SEBI was not correct.
Advertising revenue rose about 30 percent in Brazil last year, Twitter's top executive in the country told Reuters, defying a two-year slowdown in the local economy and more than doubling the company's 13 percent revenue growth globally.
However, there are no plans to change foreign portfolio investment limit for the banking sector which is presently pegged at 74 percent, sources said.
HSBC's full-year profit slumped 62 percent and fell far short of forecasts on Tuesday as the bank took hefty writedowns from restructuring and flagged near-term brakes on revenue growth.
Coal import (all type of coals) in January 2017 stood at 14.31 million tonnes (MT) (provisional) against 18.28 MT in January 2016, mjunction services, an online procurement and sales platform floated jointly by SAIL and Tata Steel told PTI.