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Syndicate Bank share price rises by about 1.24% as the Bank today said it has raised Rs.930 crore by issuing Basel-III compliant bonds. The Bank had said in a regulatory filing that in respect of an invitation about series III, potential investors had placed bids forRs.1,800 crores. The bank decided to exercise the greenshoe option and retained the total amount of Rs.930 crore allotted on pro rate basis. Syndicate Bank had called the bids for an issue size of Rs. 500 crore w
BHEL share price follows the dipping trend of the market today, despite the news that the company has commissioned 250 MW lignite power plant in Gujarat. Bharat Heavy Electricals Limited has approved another 250 MW unit based on eco-friendly Circulating Fluidized Bed Combustion technology, using low-quality coal as the primary fuel. BHEL share price has dipped by 0.41% by mid-day session. <p
It was just two years ago when SpiceJet was fighting for survival as creditors backed off and oil companies denied to refuel its airliners. As of now, the world's biggest planemakers are wooing the recovering Indian budget carrier for a potential blockbuster order worth about $12 billion. Both Boeing and Airbus Group are engaged in a battle in order to provide SpiceJet with 100 planes, and both of them are ready to offer huge discounts in negotiations which have aggravated in the past few month
Commercial vehicles leader Ashok Leyland is keen to boost its presence in the African market and will establish its first assembly plant in that continent in Kenya. This has made Ashok Leyland share price get humbly bullish in the otherwise bearish market. CFO Gopal Mahadevan mentioned in an interview that they have incorporated the company in Kenya and are trying to get a local partner. They may even do it themselves. They are in the final stage of identifying the location, and the
TCS share price plunged as much as 3.20 percent on Friday despite the better-than-expected financial results for the quarter ended June 30, 2016. Financial report: During April-June, TCS reported the net profit of Rs 6,318 crore, against Rs ?5,773 crore of the last year. On a year-on-year basis, bottom line figures of TCS grew by 9.44 per cent. The reported profit was higher than what anal
Infosys share price was down by 9% in early morning trade at Rs. 1075.50 on BSE at 10.35 a.m. today. Infosys circulated a quarterly report card that fell well below expectations of the market. Infosys scaled down its full-year revenue guidance to 10.5-12 per cent in constant currency terms, disheartening investors who punished the Infosys stock in early morning trade as Europe's weak spending pulled down quarterly growth and put an end to the company's recent recovery over the last four quarters. In April, Infosys forecast revenue growth of
Biocon Limited is listed both in BSE and NSE. It is an Indian biopharmaceutical company, base being in Bangalore, India. Biocon produces generic active pharmaceutical ingredients which are sold in the markets of the United States and Europe. Apart from that it also manufactures biosimilar Insulin, sold in India as branded formulations, both in bulk and formulation forms. Biocon has two subsidiaries which are the clinical research organization named Clinigene and a custom research organization called Syngene. Biocon's presence extends to four
It was yesterday when the media reported that Baring Private Equity Asia has been in exclusive talks with the Hong Kong-based PCCW to sell a majority stake in Hexaware Technologies. This made Hexaware share prices to go up by almost 4%. When the session closed, Hexaware share price closed at Rs. 227 with approximately 2% rise. The media reports suggested that the talks were understood to be focused over the valuations with Baring seeking a minimum of 15% premium over the IT player's current market pric
Tata Motors share price is up by 3.01% on NSE today.The company reacquired the No 3 slot in the passenger car segment in the first quarter (Q1) of FY17. The stylish hatchback Tiago, launched in April, was majorly responsible for its comeback along with other new models. Also, a notable drop in the volumes of Honda Cars India, which previously occupied the 3rd position, aided Tata Motors. Maruti and Hyundai, the top 2 brands are way ahead of Tata Motors, with sa
Can Fin Homes has recorded a jump of 54.9 per cent in the net profit for the April-June quarter at Rs 49.72 crore. Can Fin Homes share price has been on a rise since the morning trading session. At 10:35 hours it is trading at Rs 1,239.00, up by 0.52 per cent or 6.40 points. <p style="text-decoration: underline; font-size:
