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India has raised the ceiling for foreign direct investment (FDI) in asset reconstruction companies (ARCs) to 74 percent from 49 percent, according to a government statement late on Friday. The increase in the ceiling is subject to the condition that no sponsor can hold more than 50 percent of...

"Eros Worldwide FZ LLC has submitted to BSE a Notice of Offer for Sale of an aggregate of 25,73,710 equity shares of Rs. 10 each of Eros International Media Ltd representing 2.8% of the equity share capital of the Company, by Promoter through a sale on the separate window provided by the BSE...

HDIL is currently trading at Rs. 107.40, down by 5.95 points or 5.25% from its previous closing of Rs. 113.35 on the BSE. The scrip opened at Rs. 112.40 and has touched a high and low of Rs. 112.55 and Rs. 107.55 respectively. So far 2673519 shares were traded on the counter. MCX tips|...

The board of Mahindra & Mahindra has given itsloss‐making truck subsidiary, Mahindra Navistar Automotive Ltd (MNAL), three years to turnaround the business, after its US joint venture partnerNavistar decided to sell off their stake inentity for Rs1.75bn. Maruti Suzuki is exploring a foray into...

MUMBAI: The BSE benchmark Sensex today closed 111 points higher on continued buying in banking and auto stocks after the Parliament passed the banking Bill that paves way for foreign investments in the sector and establishment of new private banks. Rising for the second straight day, the index...

BHEL is currently trading at Rs. 234.00, up by 3.90 points or 1.69 from its previous closing of Rs. 230.10 on the BSE. The scrip opened at Rs. 232.30 and has touched a high and low of Rs. 234.75 and Rs. 231.30 respectively. So far 217556 shares were traded on the counter. MCX tips| Commodity tips

The rupee trimmed its initial gains against the American currency but was still quoted up by 9 paise to 54.76 per dollar in the late morning trade on mild selling of dollars by banks and exporters ahead of the Reserve Bank's mid-quarter monetary policy review meeting. The rupee resumed higher at...

Godrej Industries says -Temasek to invest Rs 572 crore in Godrej Agrovet for 19.9 percent stake -Temasek values Godrej Agrovet at Rs 2850 crore SBI says -Did not discuss sale of non-core assets with Kingfisher -Kingfisher yet to submit detailed long-term business plan -Special bank group...

Shares of Jet Airways touched fresh 52-week high of Rs 639 on Tuesday as Etihad Airways is in talks to buy some stake in the company. Gulf carrier Etihad Airways, seeking to widen operations in India and other Asian markets, is in the final stages of talks to buy part of either Jet Airways or...

Anil Dhirubhai Ambani Group company Reliance Power was down nearly 2 percent intraday on Tuesday as its promoters are going to sell 5.42 percent stake in the company via offer for sale (OFS) route on December 19. The company said its promoters Reliance Infrastructure Limited, Reliance...

Tata Consultancy Services fell 3 percent on caution ahead of a scheduled meeting between the management and analysts later in the day amid concerns the software services provider will deliver a downcast view on the sector. Infosys too fell 0.6 percent as Infy execs have sounded downbeat in...

Bharti Infratel Ltd said on Monday it priced its initial public offering at Rs 220 a share for funds and high net worth investors and at Rs 210 a share for retail investors, Bharti Infratel, a unit of Bharti Airtel , raised about Rs 4,180 crore from the share sale, according to Reuters...

The rupee fell to its lowest in more than a week in late trade on Friday on suspected heavy dollar buying by a large state-run bank that several dealers said appeared to be on behalf of defense-related state-run companies. At 1044 GMT, the rupee was at 54.58/60 per dollar, after falling to as...

At a time when most textile companies are struggling to have reasonably good business, the company showed decent financial performance in the September 2012 quarter. Its net sales grew by 9.6% to Rs263 crore on a year on year basis. Its net profits in the quarter under review grew by 5.5% to...

Nearly bankrupt Kingfisher AirlinesBSE 2.66 % is preparing the ground for getting FDI by capping FII investment at 3%. The decision was taken at the grounded airline's board meeting on Wednesday as it talks to various foreign investors and airlines for a possible stake sale MCX tips| Commodity tips

The market is seen on hold ahead of the RBI’s rate review on Tuesday. Most analysts expect the RBI to leave interest rates on hold and say the RBI could instead cut the cash reserve ratio. An unexpected jump in industrial output and lower-than-expected inflation are reinforcing hopes the RBI...

Lower November month inflation data has pushed banking stocks higher, as this re-ignited hope of Reserve Bank of India (RBI), slashing rates in its upcoming monetary policy review on December 18, 2012. After rising to the highest level in the year for the month of September, the wholesale price...

Hindustan Zinc Union Bank Of India Adani Ports &Special Sesa Goa Sterlite Inds. (I)

14:59 Key benchmarks remained in a consolidation phase due to lack of trigger. The gains in SBI, ICICI Bank, TCS and Tata Motors were offset by fall in HDFC, HDFC Bank, Bharti, ITC and Infosys. The 30-share BSE Sensex rose 34.45 points to 19,263.71 while the 50-share NSE Nifty moved up 9.20...

Bata India is currently trading at Rs 881.20, up by 3.70 points or 0.42% from its previous closing of Rs 877.50 on the BSE. The scrip opened at Rs 878.80 and has touched a high and low of Rs 885.00 and Rs 870.00 respectively. So far 11381 shares were traded on the counter. MCX tips| Commodity tips