The Ministry of Corporate Affairs (MCA) is set to discuss the provisions of the takeover code with Securities and Exchange Board of India's (SEBI) and the Department of Economic Affairs (DEA) next week, reports CNBC-TV18 quoting sources.
In continuation of its efforts to develop indices that meet the requirements of market participants, IISL proposes to launch “CNX Smallcap Index”.
World renowned trade economist Jagdish Bhagwati on Wednesday said unless the United States moves effectively, the World Trade Organisation (WTO) talks to reach Doha deal would be difficult to achieve in 2011.
Homegrown venture capital/private equity firm Gaja Capital Partners, that came out with a multibagger in its six-year-old investment in education services firm Educomp in a series of part exits in 2007, has once again begun selling shares of the company.
Accounting Standard 11, which deals with treatment of losses from foreign currency fluctuation, will not come into effect from April 1 this year, reports CNBC-TV18’s Malvika Jain.
Micro Housing Finance Corporation (MHFC), a housing finance company, raised its second round funding to the tune of Rs 19 crore from its main external investors, the Indian Financial Inclusion Fund (IFIF) and the Michael & Susan Dell Foundation.
The following inclusion shall be made in BSE IPO index on the basis of guidelines governing inclusion and exclusion of scrip(s) in BSE IPO index.
The Andhra Pradesh High Court has issued an interim order in the Mahindra Satyam's tax case against the Central Board of Direct Taxes (CBDT), allowing the company to access its bank accounts which hold Rs 1,300 crore. However, the court has laid down some conditions.
Vikram Kotak, CIO of Birla SunLife Insurance is bullish on cement sector.
Shares of PTC India Financial Services sank 11.4% on debut to close at Rs 24.90 on the National Stock Exchange Wednesday as there was little follow up buying in the stock.
Second Liquidity Adjustment Facility : Auction Results
Vikram Kotak, CIO of Birla SunLife Insurance view on banking sector.
With stress in the real estate volumes, companies are now negotiating with banks and financial institutions to push back their repayment deadlines. Sources tell CNBC-TV18 an estimated Rs 6,000 crore have been rescheduled in the past three months itself, reports Priyanka Ghosh.
Stay away from PTC Financial Services, says Prashastha Seth, IIFL Private Wealth.
Mumbai-based Prism Informatics Ltd, a listed software development and IT consulting firm, has informed BSE that the company has entered into an agreement with the promoters/owners of GOD Barcode Marketing mbH (GODBM) , Germany, for acquiring 100% stake in the company.
India Securities, an Essar Group firm, that is taking over another group company that owns an indirect stake in mobile operator Vodafone Essar, said the two boards have extended the deadline to Sept. 30 for getting the approvals for the merger.
Be cautious on infrastructure sector, says Prashastha Seth, IIFL Private Wealth.
Prashastha Seth, IIFL Private Wealth is bullish on banking sector.
It was disappointing day for shareholders of PTC India Financial Services as shares traded below the issue price on first day itself. It tumbled 11.43%, to close at Rs 24.80 as against issue price of Rs 28 a share, after hitting an intra-day high of Rs 27 and low of Rs 23.5 on the National Stock Exchange.
Air India is going all out to get equity infusion from the government. Sources say the airline company has asked for an immediate release of the promised Rs 1,200 crore into the airline as it has pending fuel dues worth Rs 2,400 crore, reports CNBC-TV18's Swati Khandelwal.
As the two titans are fighting it out for the World Cup today, Indian market too continued to keep up the euphoria. It was a spectacular upmove for the Indian equity benchmarks especially for the seventh consecutive session on Wednesday. Ahead of settlement day tomorrow, the market rode high on huge volumes.
RBI releases Study on State Finances 2010-11
Michael & Susan Dell Foundation picked up approximately 5% by way of fully and compulsorily convertible debentures of the Hyderabad-based Waterlife India Pvt Ltd, a water purification company. The actual amount pumped into the firm is not known.
Buy SREI Infra above Rs 47, says Mitesh Thacker, Technical Analyst, miteshthacker.com.
Unitech may test Rs 43-44, says Mitesh Thacker, Technical Analyst, miteshthacker.com.