Investing News - Page 5
Morgan Stanley upgrades RIL to 'overweight'
Shares in Reliance Industries gained 0.2 per cent after Morgan Stanley upgraded the stock to "overweight" from "underweight" and raised its target price to Rs. 961 apiece from Rs. 798 earlier.
Asian shares fall on Italy poll day, may reignite euro zone crisis
The MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent, dragged down by a 1.1 percent slide in Australian shares and a 0.6 percent drop in South Korean shares.
Irda chief Vijayan meets Chidambaram
Vijayan, who took over as Irda chairman from J Hari Narayan last week, paid a courtesy call to the finance minister.
JP Morgan maintains 'buy' rating; says co 'turning the corner'
JPMorgan raised its target price on Infosys to Rs 3,200 from Rs 3,100 while maintaining its "buy" rating.
Jet Airways down 2% on doubts over Etihad deal
Shares of Jet Airways today tanked more than 3 percent amid investor concerns whether its stake-sale deal with Abu-Dhabi based carrier Etihad would materialise.
Shares in NBFCs up on new banking licence guidelines
India's non-banking financial shares gain on Monday after the RBI issued guidelines allowing any business sector to apply for banking licenses.
Sun Pharma gains on higher prices for drugs
Shares in Sun Pharmaceutical Industries gained 1.8 percent after Credit Suisse said the drug maker's subsidiary Taro Pharmaceutical Industries has pushed through price increases in three products last week, citing industry checks.
TPG sells 10% stake in Shriram Transport Finance for Rs 1600cr
PE giant TPG Capital today offloaded nearly 10 percent stake in commercial vehicle financier Shriram Transport Finance Company in open market deals worth over Rs 1,600 crore, one of the biggest PE transactions in recent months.
Siemens, Wipro to be removed from Nifty; Shares fall
Shares in software service exporter Wipro fell as much as 2.2 percent while power equipment maker Siemens retreated on Thursday after India Index Services & Products said both companies would be removed from the Nifty on April 1.
Jaiprakash Associates down after disappointing earnings
Shares in Jaiprakash Associates fell as much as 4.2 percent, a day after the company reported a 64.2 percent fall in Oct-Dec net profit to Rs 111 crore .
Private shares nudge ahead in key indices
The largest representation of government-owned companies is in 50-share Nifty index of which 10 are PSUs.
Over Rs 500 cr dividends lie unclaimed with bluechips
The companies on their behalf regularly send reminders to the concerned shareholders requesting them to claim their dividend.
India has nearly 2.5 lakh sick MSME units
The outstanding credit to MSME sector in respect of scheduled commercial banks was Rs 8,55,658 crore at March-end this year.
Is correction over? Sensex gives up gains, ends flat
The Sensex ended flat as active participants refrained from long positions in the absence of fresh triggers
Morgan Stanley adds more energy stocks to India model portfolio
Morgan Stanley raised weightage of energy stocks in its India model portfolio to 3 percent, while cutting 1 percent each from consumer staples and discretionary stocks.
UltraTech Cement shares down 2% afer fall in earnings
Shares in UltraTech Cement fell 2 percent after the cement maker reported a 3 percent fall in October-December net profit at Rs 600 crore on Saturday.
Sensex will touch 22,500 by December: Deutsche Equities
Leading foreign brokerage Deutsche Equities India today joined counterparts in giving an "overweight" call on Indian markets and said BSE benchmark Sensex is poised to touch 22,500 points by 2013-end.
Foreign holding in United Spirits dips to 3-year low
On the other hand, the domestic institutions have upped their stake considerably in the past one year from 2.51% at the end of 2011.
Sebi notifies regulations to set up SRO for MF distributors
In a move to regulate mutual fund distribution business, Sebi today said it has notified regulations to set up a Self Regulatory Organisation (SRO) to monitor distributors of mutual fund and portfolio management products.
GSK gets Sebi nod for open offer to Indian subsidiary
UK-based GlaxoSmithKline (GSK) has received market regulator Sebi's approval for its over Rs 5,200 crore open offer for Indian subsidiary GlaxoSmithKline Consumer Healthcare.
MFs line up schemes on RGESS offerings to attract first-time investors
Fund houses have begun lining up mutual fund schemes focused on the government's newly proposed Rajiv Gandhi Equity Savings scheme (RGESS), which aims to attract first-time small investors into the capital market by offering them tax benefits.
LIC buys half of Hind Copper shares on offer
State-run LIC picked up nearly half of Hindustan Copper's shares put on offer for sale in November last year, stock exchange data revealed today.
Tata Motors up 4% after CLSA, Credit Suisse upgrades
Tata Motors rose as much as 3.7 percent to a record high on Wednesday after Credit Suisse and CLSA upgraded their ratings on the stock, citing expectations for improving sales.
Govt panel report suggests listing of 50 PSUs in 5 yrs
The government should look at listing 50 state-owned companies in the next five years, a report by a Planning Commission committee on reforms in CPSEs has said.
BofA Merrill upgrades PSU banks on rate cut, loan recoveries
Bank of America Merrill Lynch upgraded State Bank of India, Bank of Baroda , and Oriental Bank of Commerce to 'buy'.
L&T falls 2% on brokerage downgrades
Larsen & Toubro shares were down 1.7 percent after Citigroup and Barclays downgraded the engineering conglomerate on concerns over order cancellations and weak investment cycle.
RBI plan to hike on loan to value may help gold-based firms: Icra
The report noted that the pace of growth of gold loan companies might slow down as they rely more on wholesale funding sources.
Power Grid Corp's outlook negative, says S&P
The outlook for country's biggest transmission utility-Power Grid Corporation-is negative, in line with the country's credit profile, Standard & Poor's Ratings Services said today.