Vsnl

The government holds 7,44.46,885 equity shares of TCL, which, at last closing price of Rs 1,289.75 per unit, stands at a value of over Rs 9,601 crore.

Quality of disinvestment has a lot of room to cover

The pessimism relating to disinvestment has its origin in the way  stake sales have been conducted.

Cabinet clears Rs 700 cr equity infusion in HPIL for VSNL surplus land case

As a special purpose vehicle (SPV), HPIL is managing the transfer of surplus land from Tata Communications, formerly VSNL, to the government.

Sensex, Nifty consolidate; Tata Comm at 7-yr high, Grasim weak

Tata Communication hit a fresh 52-week high of Rs 519, gaining 12 percent in the last 2 days after CNBC-TV18 highlighted Finance Minister Arun Jaitley statement that the demerger of the surplus VSNL land will be tax exempt.

Tata Comm at 7-yr high, investors rejoice VSNL land demerger

According to Bank of America Merill Lynch, the land parcel is valued at RS 103 per share, which is at 75 percent discount to the estimated market value of Rs 412 per share.

Not heard from govt yet on VSNL land development: NBCC

NBCC has not received any official communication from the government for development of any part of the VSNL land that it plans to demerge in the near future, says Chairman Anoop Kumar Mittal.

Tata Comm to raise Rs 1000cr via asset sale

Tata Communications joins the bandwagon of top corporates who are looking to raise funds through asset sale. CNBC-TV18 learns that the company wants to raise Rs 1000 crore via the sale of five properties. CNBC-TV18‘s Priyanka Ghosh reports.

Indian ADRs: Infosys declines 2%, HDFC Bank rises 0.5%

Indian ADRs barring banking sector closed lower on Friday. In the technology space, Infosys was down 1.82 percent to USD 42.68 per ADR and Wipro fell 1 percent to USD 8.94.

VSNL land row blocking equity raising plan of Tata Comm

It's been six months since the cabinet approved the demerger of the surplus 740 acre VSNL land into a separate entity. But Tata Communications, as VSNL is now called, says the sale has faced several issues. It's even hampering the company's efforts to retire its $1 billion debt, reports Kritika Saxena of CNBC-TV18.

Tata Comm soars to one year high on demerger of VSNL land

Shares of Tata Communications today surged by over 7% in morning trade, a day after the government approved demerger of surplus VSNL land into a separate company.

Cabinet approves demerger of surplus land of VSNL

The government today approved the demerger of surplus VSNL land into a separate company, an issue that has been pending decision since Tata Communications acquired the PSU in 2002.

Cabinet to discuss plate full of issues in evening meet

At a time when the government is trying its best to restore the confidence in the economy by taking a proactive stance on policy matters all eyes are on the Cabinet meeting that will take place later this evening, reports CNBC-TV18.

Cabinet may mull SAIL sell-off, sugarcane price tomorrow

The Cabinet is likely to consider tomorrow several key economic proposals including SAIL disinvestment, levy of import duty on power equipment and revision of central support price for sugarcane.

Indian ADRs: Patni up 3.5%, Infosys, Wipro gain 1.5%

Indian ADRs ended mixed on Thursday. In the IT space, Patni was up 3.47% at USD 17.3, Infosys was up 1.52% at USD 54.01 and Wipro was down 1.56% at USD 10.12.

Indian ADRs: Tata Motors up 3.75%, Wipro down 1.7%

Indian ADRs ended mixed on Wednesday. In the IT space, Wipro was down 1.72% at USD 10.28, Infosys was down 0.47% at USD 53.2 and Patni was up 0.06% at USD 16.72.

Indian ADRs: ICICI Bank, Tata Motors up 6.5-7%

Indian ADRs ended higher on Tuesday. In the IT space, Infosys was up 4.03% at USD 53.45, Wipro was up 2.65% at USD 10.46 and Patni was up 2.33% at USD 16.71.

Indian ADRs: HDFC Bank, Sterlite, ICICI Bank close higher

Indian ADRs closed higher on Friday. In the technology space, Infosys rose just 0.1% to USD 51.38 and Wipro went up 0.79% to USD 10.19. Patni Computer was unchanged at USD 16.33.

Indian ADRs: ICICI Bank, Tata Motors, Sterlite up 1-2%

Indian ADRs ended higher on Thursday. In the telecom space, Tata Communication was up 1.13% at USD 8.03 and MTNL was up 0.59% at USD 0.8198.

Indian ADRs: ICICI Bank, Sterlite down 3%

Indian ADRs ended lower on Wednesday. In the IT space, Patni was down 1.02% at USD 16.49, Infosys was down 0.66% at USD 51.01 and Wipro was down 0.59% at USD 10.12.

Indian ADRs: Infy up 3.5%, ICICI Bank gains 4.5%

Indian ADRs ended higher on Thursday. In the IT space, Infosys was up 3.49% at USD 51.07, Wipro was up 1.62% at USD 10.02 and Patni was up 1.39% at USD 16.8.

Indian ADRs: ICICI Bank, Sterlite up over 2%, Infy falls 4%

Indian ADRs ended mixed on Wednesday. In the IT space, Patni was up 0.55% at USD 16.57, Infosys was down 4.12% at USD 49.35 and Wipro was down 0.5% at USD 9.86.

Indian ADRs: Infosys, ICICI Bank, HDFC Bank up 3-4%

Indian ADRs ended higher on Tuesday. In the IT space, Infosys was up 4.19% at USD 51.47, Wipro was up 1.95% at USD 9.91 and Patni was up 1.6% at USD 16.48.

Indian ADRs: Wipro, ICICI Bank down over 3.5%

Indian ADRs ended lower on Monday. In the IT space, Wipro was down 3.76% at USD 9.72, Infosys was down 1.93% at USD 49.4 and Patni was up 0.43% at USD 16.22.

Indian ADRs: HDFC Bank, Infosys, Patni up 2%

Indian ADRs ended higher on Wednesday. In the IT space, Infosys was up 1.83% at USD 58.55, Patni was up 1.82% at USD 13.43 and Wipro was up 0.4% at USD 10.1.

Indian ADRs: Wipro, Infosys, Dr Reddy's Labs up 1%

Indian ADRs ended mostly up on Monday. In Telecom space, Tata Communication was up 2.41% at USD 8.5 while MTNL was down 0.62% at USD 1.61.