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Date: 28/11/2014
RBI's fin inclusion push: Rules that work that don't
Ekta Batra The RBI's latest move to improve financial inclusion through small finance banks and payment banks has been welcomed by most analysts and players. However there are still a few areas that need clarity, reports Ekta Batra and Arvind Sukumar.
Date: 28/11/2014
India a key market for British Airways: Keith Williams
Sindhu Bhattacharya India is the second largest market in terms of frequencies and seats for British Airways. The airline has been flying here for 90 years, which is pretty much all the years it has been in existence. Keith Williams, executive chairman of British Airways, spoke to CNBC-TV18 about British Airways' plans for India.
Date: 28/11/2014
Foreign telcos may not benefit much from payment bank rules
Malvika Jain Rules prohibit foreign players from applying for a license as standalone entities. So these players will need an Indian JV partner who holds at least a 24 percent stake in the venture to be eligible.
Date: 28/11/2014
Foreign telcos may not benefit much from payment bank rules
Malvika Jain Rules prohibit foreign players from applying for a license as standalone entities. So these players will need an Indian JV partner who holds at least a 24 percent stake in the venture to be eligible.
Date: 28/11/2014
Voda moves court against DoT
Voda moves court against DoT Court has issued a notice to the Department of Telecommunications. Vodafone's licence expires in December next year.
Date: 28/11/2014
Voda moves court against DoT
Voda moves court against DoT Court has issued a notice to the Department of Telecommunications. Vodafone's licence expires in December next year.
Date: 28/11/2014
New DRs opens door for new pool of foreign cap
Menaka Doshi In a bold new step for the Indian capital markets, the depository receipts scheme, 2014, permits listed and unlisted Indian companies and their security holders to issue new kinds of depository receipts.
Date: 28/11/2014
Persuade governor Rajan to lower rates: Chidu to new govt
P Chidambaram According to Chidambaram, the problems were identified in 2012, corrective measures were taken, and momentum was built up in sectors such as electricity, coal, agriculture and stalled projects were revived.
Date: 28/11/2014
Persuade governor Rajan to lower rates: Chidu to new govt
P Chidambaram According to Chidambaram, the problems were identified in 2012, corrective measures were taken, and momentum was built up in sectors such as electricity, coal, agriculture and stalled projects were revived.
Date: 28/11/2014
Rakesh Jhunjhunwala buys 1.4% stake in SpiceJet
Rakesh Jhunjhunwala buys 1.4% stake in SpiceJet According to block deal data, Jhunjhunwala bought 75 lakh shares of SpiceJet on Friday.
Date: 28/11/2014
Rakesh Jhunjhunwala buys 1.4% stake in SpiceJet
Rakesh Jhunjhunwala buys 1.4% stake in SpiceJet According to block deal data, Jhunjhunwala bought 75 lakh shares of SpiceJet on Friday.
Date: 28/11/2014
Govt nod to 15 FDI plans; CCEA to consider HDFC Bk proposal
Govt nod to 15 FDI plans; CCEA to consider HDFC Bk proposal The proposals were cleared by Foreign Investment Promotion Board (FIPB) headed by the Economic Affairs Secretary in its meeting held earlier this month.
Date: 28/11/2014
Govt nod to 15 FDI plans; CCEA to consider HDFC Bk proposal
Govt nod to 15 FDI plans; CCEA to consider HDFC Bk proposal The proposals were cleared by Foreign Investment Promotion Board (FIPB) headed by the Economic Affairs Secretary in its meeting held earlier this month.
Date: 28/11/2014
2G case: India Cements paid Rs 60 Cr to KTV, says witness
2G case: India Cements paid Rs 60 Cr to KTV, says witness Owner of IPL's Chennai Super Kings franchise, India Cements Limited, had paid Rs 60 crore in 2011 to Kalaignar TV Pvt Ltd, an accused firm facing trial in a 2G scam related money laundering case, for advertising its products, a prosecution witness today told a Delhi court.
Date: 28/11/2014
2G case: India Cements paid Rs 60 Cr to KTV, says witness
2G case: India Cements paid Rs 60 Cr to KTV, says witness Owner of IPL's Chennai Super Kings franchise, India Cements Limited, had paid Rs 60 crore in 2011 to Kalaignar TV Pvt Ltd, an accused firm facing trial in a 2G scam related money laundering case, for advertising its products, a prosecution witness today told a Delhi court.
Date: 28/11/2014
Monte Carlo to foray in e-retail post its IPO
Monte Carlo to foray in e-retail post its IPO As per the current FDI policy, companies having foreign investment are not allowed any business to consumer (B2C) activities in e-tailing.
Date: 28/11/2014
Monte Carlo to foray in e-retail post its IPO
Monte Carlo to foray in e-retail post its IPO As per the current FDI policy, companies having foreign investment are not allowed any business to consumer (B2C) activities in e-tailing.
Date: 28/11/2014
Sebi wants cash-rich cos to have dividend distribution plan
UK Sinha With many big corporates sitting on huge cash piles, regulator Sebi today said it wants listed companies to have a dividend distribution policy and hoarding of cash should be discouraged.
Date: 28/11/2014
ONGC lines up $3 bn investment in Mozambique
ONGC lines up $3 bn investment in Mozambique ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp (ONGC), and Oil India Ltd (OIL) have already spent USD 5 billion in taking 20 percent stake in Area-1 gas field.
Date: 28/11/2014
ONGC lines up $3 bn investment in Mozambique
ONGC lines up $3 bn investment in Mozambique ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp (ONGC), and Oil India Ltd (OIL) have already spent USD 5 billion in taking 20 percent stake in Area-1 gas field.
Date: 28/11/2014
Voda, Airtel fined most for tariff and MNP rules violations
Voda, Airtel fined most for tariff and MNP rules violations Country's second largest telecom operator Vodafone has been penalised over Rs 6 lakhs for charging customers on new tariff without informing regulator TRAI in time, as per details presented in a written reply to a Rajya Sabha question.
Date: 28/11/2014
Voda, Airtel fined most for tariff and MNP rules violations
Voda, Airtel fined most for tariff and MNP rules violations Country's second largest telecom operator Vodafone has been penalised over Rs 6 lakhs for charging customers on new tariff without informing regulator TRAI in time, as per details presented in a written reply to a Rajya Sabha question.
Date: 28/11/2014
Agriculture, govt spending prop up Q2 GDP; can it sustain?
Subir Gokarn The Indian economy grew at a modest 5.3 percent in the July-September quarter and it is better than street expectations. But manufacturing remained anemic with a 0.1 percent growth and electricity, which was growing at double digits in the past couple of quarters, grew at a modest 8.7 percent.
Date: 28/11/2014
Agriculture, govt spending prop up Q2 GDP; can it sustain?
Subir Gokarn The Indian economy grew at a modest 5.3 percent in the July-September quarter and it is better than street expectations. But manufacturing remained anemic with a 0.1 percent growth and electricity, which was growing at double digits in the past couple of quarters, grew at a modest 8.7 percent.
Date: 28/11/2014
Silver Oak India's board meeting on Dec 06, 2014
Silver Oak India's board meeting on Dec 06, 2014 Silver Oak India board meeting will be held on December 06, 2014, to consider, appointment of CEO and calling of Extra Ordinary General Meeting.
Date: 28/11/2014
RBI scraps 80:20 gold import curbs; price may come down
RBI scraps 80:20 gold import curbs; price may come down Under the 80:20 norm, put in place in August 2013 to curb high gold inflows that was widening the current account deficit, at least 20 percent of the imported gold had to be mandatorily exported before bringing in new lots.
Date: 28/11/2014
CAG says SEZs taxed more than domestic tariff areas
CAG says SEZs taxed more than domestic tariff areas The CAG report shows that SEZs are being taxed about 37 percent, which is higher than domestic tariff areas. But the government is not ready to make life easier for SEZs just yet.
Date: 28/11/2014
Will serve Indian market as much as possible: Merck
Will serve Indian market as much as possible: Merck Merck is also adding newer products to cater to the growing demand of the Indian market, which is also one of the fastest growing markets for the company.
Date: 28/11/2014
Birla Sun Life Income Plus announces change in exit load
Birla Sun Life Income Plus announces change in exit load Birla Sun Life Income Plus announces change in exit load structure, with effect from December 01, 2014.
Date: 28/11/2014
UTI Mid Cap Fund announces dividend
UTI Mid Cap Fund announces dividend UTI Mid Cap Fund announces dividend, the record date for dividend is December 03, 2014.
Date: 28/11/2014
JP Morgan Mutual Fund announces merger of its two schemes
JP Morgan Mutual Fund announces merger of its two schemes JP Morgan Mutual Fund announces the merger of JP Morgan Emerging Europe, Middle East and Africa Equity Offshore Fund with JP Morgan Emerging Market Opportunities Equity Offshore Fund, with effect from January 01, 2015.
Date: 28/11/2014
Tata Balanced Fund announces dividend
Tata Balanced Fund announces dividend Tata Balanced Fund announces dividend, the record date for dividend is December 03, 2014.
Date: 28/11/2014
Weekly wrap: Global cues, rate cut hopes push Nifty, Sensex
Weekly wrap: Global cues, rate cut hopes push Nifty, Sensex The week also saw a smooth but sluggish November series futures options expiry on Thursday. Nifty rolled over to December series 72% vs 64% in last expiry. Higher rolls were witnessed in auto infra spaces
Date: 28/11/2014
Live: Revise estimates to 5.2-5.3% from 5.1% earlier: JPM
Samiran Chakrabarty If industry trend picks up, then year end GDP can be around 5.5 percent level. Trade, hotels sector which grew at 3.8 percent versus 2.8 percent (QoQ) is in line with his expectation, says Samiran Chakraborty of Standard Chartered Bank
Date: 28/11/2014
Q2FY15 GDP growth at 5.3% vs 5.7% in Q1, beat estimates
Q2FY15 GDP growth at 5.3% vs 5.7% in Q1, beat estimates A CNBC-TV18 poll had anticipated the pace of growth to slide to 5 percent on the back of slowdown in industries, seen growing by 1.3 percent as against 4 percent on a quarter-on-quarter basis.
Date: 28/11/2014
Record close: Sensex up 255 pts on oil fall, rate cut hope
Record close: Sensex up 255 pts on oil fall, rate cut hope The Reserve Bank of India will announce its fifth bio-monthly monetary policy review on December 2.
Date: 28/11/2014
FinMin rejects demand for removal of MAT, DDT on SEZs
FinMin rejects demand for removal of MAT, DDT on SEZs As of now a total of 196 SEZs are functional with maximum number of such zones in the state of Tamil Nadu (36), followed by Maharashtra and Karnataka (25 each) and Telangana (24).
Date: 28/11/2014
Time to start selling Sahara properties: SC
Time to start selling Sahara properties: SC The Sahara counsel argued that the Bank of China loan has been taken over by another lender who has agreed to sanction a loan of Rs 3,700 crore
Date: 28/11/2014
See topline at Rs 1100‚??1200 cr in FY15: Insecticides India
Rajesh Agarwal Insecticides India plans to make one RD centre to establish a good laboratory practice (GLP) laboratory with approximately Rs 20 crore of maintenance capex for two-three years.
Date: 28/11/2014
Maintain FY15 growth target of 25%: Century Plyboards
Sanjay Agarwal The company will be taking a price hike of 4 percent from December 1
Date: 28/11/2014
April-October fiscal deficit nears 90% of full-year target
April-October fiscal deficit nears 90% of full-year target India's fiscal deficit was Rs 4.76 trillion (USD 76.77 billion) during April-October, or 89.6 percent of the full-year target, government data showed on Friday.
Date: 28/11/2014
Ahluwalia Contracts eyes 20-25% growth in FY16 FY17
Shobhit Uppal Shobhit Uppal of Ahluwalia Contracts is confident of the company meeting its topline target of Rs 1100 crore for FY15 and growing at 20-25% for FY16-FY17 backed by new orders from the public sector covered with escalation clause.
Date: 28/11/2014
Sensex, Nifty end at record closing high on oil prices fall
Sensex, Nifty end at record closing high on oil prices fall Punjab National Bank, Bank of Baroda, Asian Paints, State Bank of India, IndusInd Bank, Axis Bank, Tata Motors, Tata Steel and MM were top gainers, up 2.5-7.4 percent.
Date: 28/11/2014
Govt to take small expense cut to meet deficit target: ICRA
Aditi Nayar In an interview to CNBC-TV18, Aditi Nayar, Economist, ICRA, said the fiscal deficit numbers for April to October period is only slightly higher on a year-on-year basis and there is nothing to get worried about it.
Date: 28/11/2014
Sensex, Nifty up 1%; Cairn India, Sesa Sterlite top losers
Sensex, Nifty up 1%; Cairn India, Sesa Sterlite top losers Advance:decline gap narrowed in afternoon trade but the broader markets maintained strong uptrend. The BSE Midcap and Smallcap indices gained 1.2 percent and 0.8 percent, respectively.
Date: 28/11/2014
India sees $15.6 bn hit on state lenders from coal verdict
India sees $15.6 bn hit on state lenders from coal verdict The government had deduced the impact of the cancellation of the so-called coal block allotments on banks due to likely stoppage of power production, Jayant Sinha said in a written reply to a lawmaker question on bad loans for state banks due to the verdict.
Date: 28/11/2014
Govt plans to reduce stake to 52% in state banks
Govt plans to reduce stake to 52% in state banks The government holds stakes ranging from 56 percent to 84 percent in the state-run banks that account for 70 percent of India's total outstanding loans of about USD1 trillion.
Date: 28/11/2014
See sales of Rs 1650 cr, EBITDA at 14-15% for FY15: Sangam
SN Modani The board of Sangam India has given a nod for Rs 120-crore expansion plan for foraying into garment business.
Date: 28/11/2014
Plan to convert co to small finance bank: SE Investments
Sunil Agarwal As SE Investments complies with most RBI norms, the board will take final decision next week, says company MD Sunil Agarwal.
Date: 28/11/2014
Nifty hovers around 8600; ICICI, SBI, BoB, PNB top gainers
Nifty hovers around 8600; ICICI, SBI, BoB, PNB top gainers India's largest lenders State Bank of India and ICICI Bank are top contributors to the Sensex rally, up 4.15 percent and 2.7 percent, respectively.
Date: 28/11/2014
RBI may cut rates in Feb, feel Morgan Stanley, YES Bank
Shubhada Rao Shubhada Rao of YES Bank sees consumer price inflation averaging around 5.8-5.9 percent in 2015. Chetan Ahya of Morgan Stanley expects CPI to drop to 4.5 percent in November
Date: 28/11/2014
Nifty hits 8600, Sensex up 300 pts; oil marketing cos rally
Nifty hits 8600, Sensex up 300 pts; oil marketing cos rally Oil marketing companies like BPCL, HPCL and IOC shot up 4-9 percent while paint companies like Asian Paints, Shalimar Paints, Berger Paints and Kansai Nerolac rallied 3-6 percent after fall in Brent crude oil prices.
Date: 28/11/2014
Sensex, Nifty at new high as Brent crude at fresh 4-yr low
Sensex, Nifty at new high as Brent crude at fresh 4-yr low Shares of ICICI Bank, State Bank of India, Axis Bank, HDFC Bank, and housing finance company HDFC rallied 1-4 percent on hopes of indication of rate cut from the Reserve Bank of India in its monetary police on December 2 (next week).
Date: 28/11/2014
Record high opening: Sensex jumps 300 pts, Nifty eyes 8600
Record high opening: Sensex jumps 300 pts, Nifty eyes 8600 ICICI Bank, SBI, MM, Axis Bank, Tata Motors, BPCL, Asian Paints and Jindal Steel topped the buying list, up 2-4 percent while Gail and Infosys are marginally in red.
Date: 27/11/2014
Govt Amends Securities Contracts (Regulation) Rules, 1957
Govt Amends Securities Contracts (Regulation) Rules, 1957 Govt Amends Securities Contracts (Regulation) Rules, 1957
Date: 27/11/2014
Maharashtra to adopt e-tendering to supply sugar under PDS
Maharashtra to adopt e-tendering to supply sugar under PDS The decision was taken at a meeting of the state cabinet, chaired by Maharashtra Chief Minister Devendra Fadnavis here today.
Date: 27/11/2014
Not handling daily affairs of Sterling Cellular: Ruia to SC
Not handling daily affairs of Sterling Cellular: Ruia to SC Essar Group promoter Ravi Ruia today told the Supreme Court that he was not connected with the day-to-day affairs of accused company Sterling Cellular Ltd and the special court wrongly summoned him as an accused in a corruption case related to allocation of additional spectrum during the NDA regime in 2002.
Date: 27/11/2014
Not handling daily affairs of Sterling Cellular: Ruia to SC
Not handling daily affairs of Sterling Cellular: Ruia to SC Essar Group promoter Ravi Ruia today told the Supreme Court that he was not connected with the day-to-day affairs of accused company Sterling Cellular Ltd and the special court wrongly summoned him as an accused in a corruption case related to allocation of additional spectrum during the NDA regime in 2002.
Date: 27/11/2014
Will ask finmin to give tax breaks to 'green' cars: Gadkari
Nitin Gadkari Nitin Gadkari hopes to get Cabinet nod for changes to the Motor Vehicle Act soon, which he adds would be based on the US and UK norms. He hopes to move amendments to the Act in this session.
Date: 27/11/2014
Trai advises over 15% rise in CDMA spectrum reserve price
Trai advises over 15% rise in CDMA spectrum reserve price Sectoral regulator Trai has recommended a reserve price of Rs 3,104 crore per megahertz for CDMA spectrum, which is 15 per cent more than the rate it had proposed in February.
Date: 27/11/2014
Trai advises over 15% rise in CDMA spectrum reserve price
Trai advises over 15% rise in CDMA spectrum reserve price Sectoral regulator Trai has recommended a reserve price of Rs 3,104 crore per megahertz for CDMA spectrum, which is 15 per cent more than the rate it had proposed in February.
Date: 27/11/2014
Essar Oil's delisting plans hit roadblock
Sajeet Manghat Sebi had sought information on conversion of FCCBs on December 2013. Essar Energy had converted FCCBs worth USD 262 million, which led to the issue of 8.38 crore shares. The conversion of shares took place between Rs 138-153 per share.
Date: 27/11/2014
OPEC will not cut oil production: Saudi minister
OPEC will not cut oil production: Saudi minister Brent crude oil fell more than $3 to under $75 a barrel - a fresh four-year low - on news. Global oil prices have plunged since peaking in June, and Brent crude has lost around a third of its price from $115 a barrel.
Date: 27/11/2014
WTO deadlock over, trade pact with 160 nations inked
WTO deadlock over, trade pact with 160 nations inked The trade facilitation pact will be ratified after India‚??s support. The Cabinet will have to ratify pact for implementing in India.
Date: 27/11/2014
Shree Rang Mark Travels: Outcome of board meeting
Shree Rang Mark Travels: Outcome of board meeting Shree Rang Mark Travels in its meeting held on November 27, 2014, have approved the appointment of Mr. Kunal Goon, w.e.f. November 27, 2014, as an Additional Director of the Company. Apart from that the Board of Directors have also approved the resignation of Mr. Afzal Hussain w.e.f. November 29, 2014.
Date: 27/11/2014
Lykis: Outcome of board meeting
Lykis: Outcome of board meeting Lykis in its meeting held on November 27, 2014, has adopted / approved the business Appointment of Mr. Pawan Kumar Gupta, Chief Executive Officer and Mr. Ankit Maheshwari, Chief Financial Officer of the Company as the Key Managerial Personnel pursuant to provision of Section 203 of the Companies Act, 2013 w.e.f. November 27, 2014.
Date: 27/11/2014
Meuse Kara Sungrace Mafatlal: Outcome of board meeting
Meuse Kara  Sungrace Mafatlal: Outcome of board meeting Meuse Kara Sungrace Mafatlal in its meeting held on November 27, 2014, The Board of Directors of the Company considered the resignation of Ms. Purabi Suryakumar Jhaveri, Chairman and Managing Director (Category: Independent Director) of the Company. The Board of Directors of the Company considered the appointment of Mr. Anand Kumar Singh.
Date: 27/11/2014
Kanco Enterprises director AtuI Doshi resigns
Kanco Enterprises director AtuI Doshi resigns Kanco Enterprises has informed that due to preoccupation, Mr. AtuI Doshi would not be able to devote time for discharge of responsibilities and had tendered his resignation from the Board of Directors of the Company with effect from November 27, 2014.
Date: 27/11/2014
Everlon Synthetics: Outcome of board meeting
Everlon Synthetics: Outcome of board meeting Everlon Synthetics at its meeting held on November 27, 2014, has transacted the Board of Directors have appointed Mr. Pradeep Kumar Pareek as Chief Financial Officer of the Company and Board of Directors have appointed Mr. Subodh Laxman More as Company Secretary of the Company.
Date: 27/11/2014
Century Enka appoints Krishna S. Thar as director
Century Enka appoints Krishna S. Thar as director Century Enka has informed that Shri Krishna S. Thar has been appointed on November 27, 2014 as an Independent Director on the Board of the Company to fill up the casual vacancy caused by the resignation of Shri R. A. Shah.
Date: 27/11/2014
RKB Agro Industries: Outcome of AGM
RKB Agro Industries: Outcome of AGM RKB Agro Industries Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on November 13, 2014.
Date: 27/11/2014
Arcil to float Rs 500-cr fund, to buy bad loans for banks
Arcil to float Rs 500-cr fund, to buy bad loans for banks The fund will be raised from qualified institutional investors, which will include commercial lenders, Rudran said. Arcil will form special trusts in which the money from the issue will be parked and then invested in the security receipts, which are used for buying stressed assets.
Date: 27/11/2014
See surprising tie-ups; RBI norms favourable: Experts
Rishi Gupta "The way I look at it, the guidelines have become much more favourable than what it was earlier especially with the RBI looking at allowing third party products to be sold through the payments bank," Rishi Gupta told CNBC-TV18.
Date: 27/11/2014
15% budget cut suggested for some ministries
15% budget cut suggested for some ministries The move is aimed at cutting the fiscal deficit, which the government wants to contain at 4.1 per cent of GDP, according to government sources.
Date: 27/11/2014
Affordable homes: Bank can lend Rs10 lk against infra bonds
Affordable homes: Bank can lend Rs10 lk against infra bonds The RBI, in its communication addressed to the banks, said boards of the banks should lay down a policy in this regard prescribing suitable margins, purpose of the loan and other safeguards.
Date: 27/11/2014
No dilution of MNREGA scheme: Govt
No dilution of MNREGA scheme: Govt "There is no ambiguity about the government's intention. The scheme will continue in all the 6,500 blocks," Rural Development Minister Birender Singh said in Rajya Sabha.
Date: 27/11/2014
Nifty ends flat on FO expiry day, gains 4% in Nov series
Nifty ends flat on FO expiry day, gains 4% in Nov series For the November series, the Sensex and the Nifty rallied 4 percent each while the CNX Midcap Index was up 5 percent and BSE Small Cap Index climbed 4 percent.
Date: 27/11/2014
Kotak Classic Equity announces change in exit load
Kotak Classic Equity announces change in exit load Kotak Classic Equity announces change in exit load structure, with effect from December 01, 2014.
Date: 27/11/2014
Nifty ends marginally higher on FO expiry day; BHEL up 6%
Nifty ends marginally higher on FO expiry day; BHEL up 6% The broader markets outperformed benchmarks throughout the session. The BSE Midcap and Smallcap indices gained 0.5 percent each. About 1585 shares advanced while 1364 shares declined on the Bombay Stock Exchange.
Date: 27/11/2014
Birla Sun Life Income Plus announces change in exit load
Birla Sun Life Income Plus announces change in exit load Birla Sun Life Income Plus announces change in exit load structure, with effect from December 01, 2014.
Date: 27/11/2014
DSP BlackRock MF announces change in scheme categorization
DSP BlackRock MF announces change in scheme categorization DSP BlackRock Treasury Bill Fund announces change in categorization, with effect from November 29, 2014.
Date: 27/11/2014
Nifty hovers around 8470; ITC HDFC drag, Hindalco up 4%
Nifty hovers around 8470; ITC  HDFC drag, Hindalco up 4% Aluminium major Hindalco Industries topped the buying list, up 4 percent followed by Infosys, Hindustan Unilever, Sun Pharma, Mahindra Mahindra and BHEL with 1-2 percent gain.
Date: 27/11/2014
Nifty volatile; GSPL surges 5%, DLF JP Associates decline
Nifty volatile; GSPL surges 5%, DLF  JP Associates decline Gujarat State Petronet gained for a second day, up nearly 5 percent today after the Appellate Tribunal for Electricity or Aptel ruled in favour of the company in the PNGRB case.
Date: 27/11/2014
Nifty volatile on FO expiry day; mid, smallcap outperform
Nifty volatile on FO expiry day; mid, smallcap outperform Despite quiet trade today, it has been a strong November series with the Nifty having gained over 3.5 percent and Bank Nifty outperforming with a gain of around 7 percent at current reckoning.
Date: 27/11/2014
Mutual Fund NAVs gain as markets end flat
Mutual Fund NAVs gain as markets end flat Equity and Debt Mutual Funds closed in a positive terrain as the Indian shares gave up afternoon gains to close about flat, even as property shares zoomed on a Delhi government decision to increase the city‚??s floor area ratio.
Date: 27/11/2014
HUL up 2%, Bharti Airtel slips; Sensex, Nifty consolidate
HUL up 2%, Bharti Airtel slips; Sensex, Nifty consolidate Hindustan Unilever topped the buying list, rising 2 percent followed by Hindalco Industries, Infosys, Cipla, MM, Punjab National Bank, Asian Paints and Power Grid Corporation with a percent gain.
Date: 27/11/2014
Nifty to soon hit 8500, says Sudarshan Sukhani
Sudarshan Sukhani Sudarshan Sukhani is upbeat on Voltas, Hindustan Unilever (HUL) and SKS Microfinance.
Date: 27/11/2014
Sensex, Nifty flat; ITC declines, Tata Power rises
Sensex, Nifty flat; ITC declines, Tata Power rises Tata Power, NTPC, Sun Pharma, Gail India, MM, Asian Paints, BPCL and ACC gained 0.6-1 percent while ITC, ONGC, Tata Motors, Bharti Airtel, Dr Reddy's Labs and DLF lost 0.7-1.7 percent.
Date: 26/11/2014
Major indices gain; rescue pkg for gas-based power plants
Major indices gain; rescue pkg for gas-based power plants On to the day's trading action, a volatile session on Dalal Street ended with marginal gains for major indices. Sensex gained nearly 50 points as it sits comfortably above the 28,000 mark. The Nifty gained just over 10 points. The index is now just a few points away from regaining the 8,500 level.
Date: 26/11/2014
Brent steadies around $78.40 ahead of OPEC meeting
Brent steadies around $78.40 ahead of OPEC meeting Traders said talks of a potential output cut ahead of the meeting of the Organization of Petroleum Exporting Countries (OPEC) were helping prices, but added that Asia's rising economic woes had pressured the market in early trading.
Date: 26/11/2014
Monte Carlo Fashions to stitch up an IPO, eyeing expansion
Zahra Khan The latest name hitting the bourses will be woollen hosiery garments maker - Monte Carlo Fashions. Though the Ludhiana based company is already sitting on cash, it says a public listing will broaden its stake holder base and identity
Date: 26/11/2014
'Nippon Life-Rel Cap deal a vote of confidence for ind'
Leo Puri Leo Puri, the MD of UTI Asset Management says "It is a clear vote of confidence in the outlook and the medium to long-term outlook for the asset management industry. A Japanese interest in India at the moment, I would say is a sign perhaps for many Indian entrepreneurs who set up these companies."
Date: 26/11/2014
Amul honours late Verghese Kurien
Amul honours late Verghese Kurien Amul is celebrating national milk day in honor of the milkman of India - the late Verghese Kurien. Kurien, who would have turned 92 today, is famously known as the father of the white revolution in India.
Date: 26/11/2014
Anik Industries' board meeting on Dec 04, 2014
Anik Industries' board meeting on Dec 04, 2014 Anik Industries board meeting will be held on December 04, 2014, to consider the different modes of restructuring for the Company. Further, the Company inform that as per Insider Trading Regulation Code of Conduct for prevention of Insider Trading, the trading window will remain closed from November 27, 2014 to December 05, 2014.
Date: 26/11/2014
Glenmark director Hocine Sidi resigns
Glenmark director Hocine Sidi resigns Glenmark Pharmaceuticals has informed that Mr. Hocine Sidi Said, Director of the Company has resigned from the Board with effect from November 25, 2014.
Date: 26/11/2014
Prudential Sugar Corporation: Outcome of board meeting
Prudential Sugar Corporation: Outcome of board meeting Prudential Sugar Corporation at its meeting held on November 26, 2014 has transacted the Board has ratified and approved the appointment of Nanda Ventures Private Limited a Company incorporated under the Companies' Act 1956 as Service Provider for the sugar season 2014-15.
Date: 26/11/2014
TV18 Broadcast: Outcome of board meeting
TV18 Broadcast: Outcome of board meeting TV18 Broadcast has informed that at the meeting of the Board of Directors held on November 26, 2014 the Key Managerial Personnel of the Company were appointed with effect from November 27, 2014 Ms. Kshipra Jatana as the Manager and Mr. Hariharan Mahadevan as the Chief Financial Officer.
Date: 26/11/2014
Auto Pins (India) board meeting on Dec 02, 2014
Auto Pins (India) board meeting on Dec 02, 2014 Auto Pins (India) board meeting will be held on December 02, 2014, to transact the businesses approval of Draft Notice of Annual General Meeting appointment of Key Managerial Personnel (KMP) appointment of Secretarial Auditor.
Date: 26/11/2014
BCC Finance director Manjeet Singh Bhatia resigns
BCC Finance director Manjeet Singh Bhatia resigns BCC Finance has informed that Shri Manjeet Singh Bhatia have resigned with effect from November 26, 2014 from the position of Director of the Company.
Date: 26/11/2014
DLF vs CCI: Realty major hopes for a breather from SC
Ashmit Kumar The Supreme Court will be hearing its plea seeking exemption from paying the CCI penalty. The apex court in August had directed DLF to deposit a penalty of Rs 630 crore within 90 days. Of the Rs 630 crore, DLF has paid Rs 50 crore.
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