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China will start reviewing merger and acquisition (M&A) deals struck by foreign firms in the country next month in a bid to ensure national security, the cabinet said today.
The Reserve Bank of India (RBI) said on Thursday that all deposit taking non-banking financial companies (NBFCs) should maintain a minimum capital ratio consisting of Tier I and Tier II capital of 15% from March. 31, 2012.
Sunidhi Securities is bullish on Diamond Power Infrastructure (DPIL) and has recommended buy rating on the stock with a target of Rs 215 in its February 15, 2011 research report.
The Australian unit of coking coal maker Gujarat NRE Coke Ltd has raised Rs 320 crore (A$72 million) in funding through an institutional placement.
Asit C. Mehta has maintained hold rating on Voltamp Transformers (VTL) with a target of Rs 703 in its February 16, 2011 research report.
Citigroup Venture Capital International (CVCI), that has been on a sell-off mode from its multiple portfolios in India, has pressed another part exit button from Mumbai-based polyester chips firm JBF Industries.
Indian equity benchmarks gained strength in the second half of trade on Thursday - after witnessing a consolidation since Tuesday - to close at three-week highs, especially triggered by easing food inflation in the month of February.
Three foreign institutional investor funds Emerging India Focus Fund, India Focus Cardinal Fund, Elara India Opportunities Fund have together picked 22.8% in flower exporter Karuturi Global by converting their warrants issued in mid-2009 into equity.
Shekhawati Poly-Yarn was locked at 5% upper circuit. It touched an intraday high of Rs 29.45 and an intraday low of Rs 29.15. At 15:01 hrs the share was quoting at Rs 29.45, up Rs 1.40.
The window is open for China's central bank to raise bank reserve requirement ratios or use other tools as early as this week to mop up excess liquidity, which has seen money rates plunge from multi-year peak hit last month.
Multiplex operator PVR Ltd will not produce any new movie for at least a year and will focus on exhibition business, a top official said on Thursday.
India's government is in talks with cellular carriers over access to BlackBerry's encrypted email services after the Canadian company failed to meet a deadline to make the service available to security agencies.
Servalakshmi Paper, engaged in the business of manufacturing printing and writing paper and newsprint, has received SEBI nod for its proposed IPO. The company proposes to enter capital markets with a public issue of equity shares aggregating Rs 60 crore through 100% book building process.
Emkay Global Financial Services has maintained hold rating on Gujarat Industries Power (GIPCL) with a target of Rs 101 in its February 16, 2011 research report.
Zee Learn touched an intraday high of Rs 25.20 and an intraday low of Rs 21.90. At 14:54 hrs the share was quoting at Rs 24.70, up Rs 3.35, or 15.69%.
Madhucon Projects touched an intraday high of Rs 111.35 and an intraday low of Rs 91. At 14:48 hrs the share was quoting at Rs 109.95, up Rs 17.15, or 18.48%.
Unicon Investment has come out with a report on Union Budget 2011-12 Expectations.
Chinese people welcomed in the Year of the Rabbit this year visiting family, playing mahjong, betting on the horses, (among other things), and inspecting the latest flats for sale.
Japanese auto major Honda today said it is recalling 57,853 units of its mid-sized sedan City in India to replace a faulty engine part, as part of a global exercise.
Swiss food giant Nestle said on Thursday that strong demand in emerging markets would help it offset rising raw materials prices.
Textiles maker and retailer Raymond Ltd expects its apparel division revenue to jump 30% in FY11, an official told Reuters on Thursday.
India's government is not in talks with Research in Motion (RIM) over access to the Canadian company's BlackBerry services, but instead talking with operators on gaining access, Home Secretary GK Pillai said on Thursday.
Finance Minister Pranab Mukherjee today expressed optimism of food inflation coming down to single digit as the rate of price rise of essential kitchen items moderated significantly in the first week of February.
An extension of the world's highest railway from Tibet's capital Lhasa to its second largest city, Xigaze, will be completed by 2015, as one of the plateau region's key construction projects during the 2011-2015 period.
Seoul will create a film and entertainment complex hub by 2014, aiming to promote local entertainment business and tourism, South Korea's Yonhap news agency quoted city officials as saying.
