Investing News - Page 23
Bharti Airtel plunges as Africa's Econet demands damage claims
Bharti said it had no notice or details of any action by Econet seeking damages, but termed claims "grossly untrue and misleading".
Rupee seen down on oil payments
India imports nearly 80 percent of the oil it consumes and refiners are the biggest buyers of dollars in the currency market.
Gold holds near 2-1/2-week high; Greece still a worry
Gold has been seesawing in the range between $1,700 and $1,760 since late January, tracking Greece's torturous path to securing the bailout.
Ex-Google CEO Schmidt to sell 2.4 mn shares worth $ 1.5 bn
Former Google CEO Eric Schmidt plans to sell up to 2.4 million shares of stock currently worth nearly $1.5 billion.
Gold up on Greece bailout hopes; heads for weekly gain
Gold, on course for a weekly rise of 0.8 percent, has moved in the range between $1,700 and $1,760 since the beginning of the month, closely tracking the progress and setbacks in Greece's struggle.
RCom gets RBI nod for refinancing of FCCB redemption
Rcom will benefit from extended loan maturity of seven years and attractive interest cost of about five percent.
Restrict incumbents from 2G auction participation: Uninor to Trai
On issue of base price for spectrum auction, Vodafone did not mention the minimum bidding price but said the reserve prices applied in the 3G/BWA auctions were high, but not unreasonable.
Tata Motors zooms 7 percent on Evoque sales
According to a company presentation, the Evoque, which the company began delivering in September, accounted for 30 percent of Land Rover's 65,287 retail sales in the quarter.
RInfra buy back programme: stock gains 80% in 1 month
Reliance Infrastructure has bought back total shares worth Rs 234.32 crore under a share buyback programme that had begun on April 11 last year.
DLF shares plunge over 5 percent on weak Q3 results
After a weak opening, DLF's shares dropped further by 5.15 percent to Rs 218.80 on the BSE. Similarly, on the NSE, the stock tanked 5.37 per cent to Rs 218.50.<br /><br /> <br /><br />
Britannia net zooms 45 pc on pricing, new launches
During the quarter, Britannia's volume grew 6.5 percent.
JSW Steel posts Q3 loss of Rs 48 cr
The earnings were marred by foreign exchange losses and increased raw material costs.
2G: DoT may send licence termination letters to new players
Following the Supreme Court order that cancelled 122 2G licences, terming them illegal, the telecom ministry is likely to send letters to new operators for termination of their licences.
Gulf airlines says no interest in Kingfisher stake
Backed by sovereign wealth from oil-producing states, Gulf carriers have been on an aggressive acquisition drive in Europe, picking up stakes in debt-ridden airline companies.
Rupee opens flat, euro dips on Greece woes
The BSE Sensex fell 0.2 percent as investors locked in gains after a recent rally and awaited Greece's debt talks to reach a deal and avoid a messy default.
JP Morgan settles consumer litigation for $110 million
JPMorgan's settlement in principle was disclosed in a filing on Friday with the US district court in Miami.<br /><br /> <br /><br />
POSCO Q4 results below estimates, profit up 33%
Fourth-quarter sales of POSCO rose to 10 trillion won from 9.2 trillion won a year earlier.<br /><br /> <br /><br />
Fortis to hive off non-core biz, move aimed at unlocking value
The separate Company into which Fortis Healthcare's non-core business will be hived off is likely to be listed on the Singapore Stock Exchange as a business trust to raise about Rs 1,500 crore. <br /><br /> <br /><br />
Hutch to buy Orange Austria for 1.3 bn euros
Hutchison will sell select assets of the company to Telekom Austria for 390 million euros.<br /><br /> <br /><br />
Mahindra Satyam posts over five-fold jump in Q3 profit after tax
Beating market expectations, IT firm Mahindra Satyam today reported five-fold rise in profit after tax (PAT) to Rs 308 crore for the quarter ended 31 December.
Starbucks profit beats Wall St expectations
Starbucks Corp reported a quarterly profit that topped Wall Street's view, but its shares fell as investors in the world's biggest coffee chain focused on softness in Europe rather than strength in the United States.
Regulator says RIL's D6 output could fall further
The regulator said the company could submit by December a workover plan to arrest the output decline.
RComm may raise up to $1.5 bln in unit IPO: sources
Reliance Communications is looking to raise up to $1.5 billion through an initial public offering in Singapore of its undersea cable unit, as per sources.
LIC to invest Rs 1.9 lakh cr in FY12
LIC, which is a major investor in India's capital markets, has already invested Rs 1.25 lakh crore between April to November
Patni Computer gets shareholders' nod for delisting from BSE, NSE
In a regulatory filing, Patni Computer Systems said shareholders of the company have approved the delisting proposal with a "requisite majority".
RBS downgrades telcos on regulatory risk, policy uncertainty
The bank has downgraded Bharti Airtel and Idea Cellular to hold from buy and Reliance Communications to sell from hold.
Deutsche Bank downgrades Tata Motors to sell on weak demand, rising competition
The bank said it expects weak demand and rising competition to impact returns in domestic business of the company.
CLSA downgrades Sintex Ind, cuts target price to Rs 68
Given the cos increased focus on working capital and the necessity of timely execution for margins in the monolithic business, the brokerage expects this to lead to a sharp slowdown in Sintex Industries' business.
No re-investment facility for new FII debt allocation: Sebi
Previously, the limit remained unchanged if a foreign institutional investor reinvested the proceeds within five days.
Credit Suisse upgrades Tata Steel on better valuation
However, weak steel market will continue at least till the first half of FY13 on back of supply-chain unwinding in Europe, uncertainty in China and demand slowdown in India.