Investing News - Page 6
Jet Airways jumps 7% on hopes of deal with Etihad
Shares of Jet Airways today rose by as much as 7 percent amid growing expectations of a possible deal between the airline and United Arab Emirates' Etihad Airways for stake sale.
BofA upgrades Tata Motors on strong JLR sales
Bank of America-Merrill Lynch upgraded Tata Motors to 'buy' from 'neutral' and raises its target price to Rs 360 from Rs 285.
LIC trims stake in Tata Global Beverages to 8%
State-run Life Insurance Corporation (LIC) has reduced its stake in Tata Global Beverages Ltd to little over 7 percent by offloading shares over a period of four months.
Nomura warns about Indian air conditioning sector
Nomura has said it has come away "with extremely negative takeaways" for the Indian heating, ventilation and air conditioning (HVAC) market after meeting with Blue Star's executive in charge of the segment.
Adani Enterprises gains 4% on higher floor price for share sale
Shares is Adani Enterprises gained 4 percent in early trade after its promoters set the floor price for a share sale at Rs 282 per share.
Less than 3 percent file income tax return in India
The finance minister informed the members that in 2011-12, till this time, refund of Rs.70,000 crore was made, which included arrears for the previous years while during the current 2012-13 fiscal refunds to the tune of Rs.57,000 crore have been made.
Coal set to surpass oil as world's top fuel by 2017
Powered by the growth in emerging market giants China and India, coal is set to surpass oil as as the world's top fuel source by around 2017, the International Energy Agency forecast today.
Sun Pharma rises 3% on acquisition of US firm URL Pharma
Shares in Sun Pharmaceutical Industries, India's most valued drugmaker, rose as much as 2.5 percent after its unit agreed to buy the generic drugs business of US-based URL Pharma from Japan's Takeda Pharmaceutical Co.
Bhel gains 3% after CLSA adds stock to Asia portfolio
Shares in Bharat Heavy Electricals Ltd gained 3.3 percent after CLSA added the stock to its Asia ex-Japan long only portfolio with a 3 percent weighting.
IndusInd Bank raises Rs 2,000 cr via QIP issue
The Hinduja Group-promoted IndusInd Bank has raised Rs 2,000 crore through placement of shares with domestic and overseas institutional investors.
Barclays Capital buys 12 lakh shares of Karnataka Bank
Barclays Capital Mauritius today acquired 11.60 lakh shares of private sector lender Karnataka Bank for Rs 22.54 crore.
Sugar stocks slip after UP raises crop prices
Shares in Uttar Pradesh-based sugar companies were trading lower after the state raised the price at which sugar mills buy the new season crop by up to 16 percent to Rs 290 rupees per 100 kg.
Asia shares at 16-month high, US jobs data key
The main board is expected to rise today, but gains will be limited in the absence of game-changing events since the last session as markets await U.S. employment data
Cipla shares gains on partner's South Africa contract win
Shares in drugmaker Cipla rose 1.4 percent after Cipla Medpro won a share in South Africa's $667 million contract, as it supplies the bulk of Cipla Medpro's drugs.
Bajaj Finance seeks Sebi approval for Rs 750 cr rights issue
Non-banking finance company Bajaj Finance has sought market regulator Sebi's approval to raise up to Rs 750 crore through a rights issue.
REC plans to raise up to Rs 5,000 cr via tax-free bonds
The power sector lender intends to issue non-convertible bonds of Rs 1,000 each. <br /><br />
Reliance Money targets gold market with new plan
Targeting an estimated Rs two lakh crore unorganised gold market in the country, Reliance Money today launched a new daily gold accumulation plan under which customers can invest as low as Rs 1,000 per month.
Foreign interest in Indian govt bonds to pick up: Barclays
The increased demand may be driven by expectations of monetary easing in the first quarter of 2013, "probable" open market bond purchases by RBI due to tight liquidity, overall improvement in market sentiment
MphasiS tanks 6% as parent co HP takes $8.8 bn hit
Shares of MphasiS today tanked more than six percent in morning trade on bourses after its parent company HP took a $8.8 billion write-down linked to Autonomy Corp business.
Be selective in Indian consumer goods, warns Goldman Sachs
India's consumer good sector is on track to deliver sales and operating profit at an average compound annual growth rate of 13 percent between 2011 to 2025, Goldman Sachs said in a note dated on Tuesday.
Reliance Capital up 2% after reports of stake sale in insurance biz
Shares in Reliance Capital gained around 1.8 percent after its CEO said that the financial services firm is in talks to sell a 26 percent stake in its general insurance arm to a strategic foreign partner
IL&FS' AP road arm raises Rs 530 cr from JP Morgan, HDFC
Andhra Pradesh Expressway, special purpose vehicle of IL&FS Transportation Networks, today said it raised Rs 530 crore from sale of bonds, which were snapped up by JP Morgan India, HDFC MF and Franklin Templeton MF.
ONGC stock falls 3% on weaker-than-expected earnings
Shares in state-run producer Oil & Natural Gas Corp fell 2.5 percent a day after posting a bigger-than-expected fall in July-September net profit due to higher subsidies.
MCX-SX to focus on already-listed firms for equity exchange
Gearing up to launch its equity trading platform, the country's newest stock exchange MCX-SX today said it will focus on bringing those companies to its fold that are already listed on other bourses.
Worries about staff strike at Manesar pull Maruti stock lower
Shares in Maruti closed 1.7 percent lower since the workers are planning a hunger strike and other peaceful protests to force the management to take back the 548 employees sacked after the deadly violence in July
Morgan Stanley upgrades Tata Motors on improved profitability
Morgan Stanley upgraded Tata Motors to 'overweight' from 'equalweight', citing more stability in the China market, the prospect for improved profitability in India, and a "strong" pipeline for unit Jaguar Land Rover, among other factors.
LIC Housing to raise Rs 400 crore in bond sale
The company is planning to raise minimum Rs 200 crore through three-year bonds at 9.38 percent. Separately, it is raising at least Rs 200 crore through two-year bonds
Gold prices steady in India, importers wait and watch
The rupee, which plays an important role in determining the landed cost of the dollar-quoted yellow metal, weakened on Wednesday, supporting prices.
Now, a portal that lets you invest in gold at wholesale prices
Two companies active in bullion segment today announced launching of an online platform which allows investors to own small quantities of physical gold and silver at wholesale prices.
Deutsche Securities sells over 2 lakh shares of UB's McDowell
Foreign fund house Deutsche Securities Mauritius today reduced its exposure to UB Group company McDowell Holdings by selling over two lakh shares of the company for Rs 1.67 crore in bulk deal transactions.